Exhibit 10.1

C HILEAN C OBALT C ORP . 2022 E QUITY I NCENTIVE P LAN A DOPTED A PRIL 26, 2022 564654.v2

(i) T ABLE OF C ONTENTS Article I. Purposes and Definitions ........................................................................ 1 Section 1.01 Section 1.02 Section 1.03 Purposes of this Plan; Structure..................................................... 1 Definitions. ................................................................................... 1 Additional Interpretations. ............................................................ 6 Article II. Stock Subject to this Plan; Administration. .......................................... 7 Section 2.01 Section 2.02 Section 2.03 Section 2.04 Stock Subject to this Plan.............................................................. 7 Administration of this Plan. .......................................................... 8 Eligibility...................................................................................... 9 Indemnification............................................................................. 9 Article III. Awards. ................................................................................................. 10 Section 3.01 Section 3.02 Section 3.03 Section 3.04 Section 3.05 Section 3.06 Section 3.07 Stock Options. ............................................................................ 10 Stock Appreciation Rights. ......................................................... 13 Restricted Stock.......................................................................... 14 Restricted Stock Units................................................................. 15 Performance Units and Performance Shares. ............................... 16 Cash - Based Awards and Other Stock - Based Awards. ................. 19 Form of Award Agreements........................................................ 21 Article IV. Additional Provisions Applicable to this Plan and Awards ................. 21 Section 4.01 Section 4.02 Section 4.03 Section 4.04 Section 4.05 Section 4.06 Section 4.07 Section 4.08 Section 4.09 Section 4.10 Section 4.11 Section 4.12 Section 4.13 Section 4.14 Outside Director Limitations....................................................... 21 Compliance With Code Section 409A......................................... 21 Leaves of Absence/Transfer Between Locations. ........................ 21 Limited Transferability of Awards. ............................................. 22 Adjustments; Dissolution, Merger, Etc........................................ 22 Tax Withholding......................................................................... 24 Compliance with Securities Laws. .............................................. 25 No Effect on Employment or Service.......................................... 25 Repurchase Rights. ..................................................................... 26 Fractional Shares. ....................................................................... 26 Forfeiture Events. ....................................................................... 26 Date of Grant. ............................................................................. 27 Term of Plan. .............................................................................. 27 Amendment and Termination of this Plan. .................................. 27 564654.v2

Section 4.15 Section 4.16 Section 4.17 Section 4.18 Section 4.19 Section 4.20 Section 4.21 Section 4.22 Section 4.23 Conditions Upon Issuance of Shares. .......................................... 27 Inability to Obtain Authority....................................................... 27 Stockholder Approval. ................................................................ 27 Retirement and Welfare Plans. .................................................... 28 Beneficiary Designation.............................................................. 28 Severability................................................................................. 28 No Constraint on Corporate Action............................................. 28 Unfunded Obligation. ................................................................. 28 Choice of Law. ........................................................................... 29 Exhibits Exhibit A Exhibit B Exhibit C Exhibit D Form of Award Agreement for Options Form of Award Agreement for Stock Appreciation Rights Form of Award Agreement for Restricted Stock Form of Award Agreement for Restricted Stock Units (ii) 564654.v2

C HILEAN C OBALT C ORP . 2022 E QUITY I NCENTIVE P LAN Article I. P URPOSES AND D EFINITIONS Section 1.01 Purposes of this Plan; Structure. (a) The purposes of this Plan are (i) to attract and retain the best available personnel for positions of substantial responsibility, (ii) to provide additional incentive to Employees, Directors and Consultants, and (ii) to promote the success of t . (b) This Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards, Cash - Based Awards and Other Stock - Based Awards . Section 1.02 Definitions. As used herein, the following definitions will apply: (a) this Plan, in accordance with Section 2.02. (b) Controlling, Controlled by, or under common Control with such Person. (c) and regulatory requirements relating to the administration of equity - based awards, including but not limited to the related issuance of shares of Common Stock, including but not limited to under U . S . federal and state corporate laws, U . S . federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any non - U . S . country or jurisdiction where Awards are, or will be, granted under this Plan . (d) lly or collectively, a grant under this Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, or Cash - Based Award or Other Stock - Based Award granted under this Plan . (e) provisions applicable to each Award granted under this Plan, which Award Agreement shall be is subject to the terms and conditions of this Plan. (f) Directors of the Company. (g) - Section 3.06. (h) t term is otherwise defined by the applicable Award Agreement or other written agreement between a Participant and the Company or its Affiliates 1 564654.v2

theft, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or falsification of documents or records of the Company or any of its Affiliates; (ii) the any Affiliate s code of conduct or other policies (including, without limitation, policies relating to confidentiality and destruction or diversion of any tangible or intangible asset or corporate opportunity of the Company or any of its Affiliates use or disclosure of confidential or proprietary information); (iv) any intentional act by the Participant which has a material detrimental effect on repeated failure to perform any reasonable assigned duties after written notice from the Company or any of its Affiliates, and a reasonable opportunity to cure, such failure ; (vi) any material breach by the Participant of any employment, service, non - disclosure, non - competition, non - solicitation or other similar agreement between the Participant and the Company or any of its Affiliates which breach is not cured pursuant to the terms of such contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral t the Company or any of its Affiliates. (i) , subject to the provisions of Section 1.03: (i) Change in Ownership of the Company . A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group with the stock held by such Person, constitutes more than fifty percent ( 50 % ) of the total voting power of the stock of the Company ; provided, however, that for purposes of this Section 1 . 02 (i)(i), the acquisition of additional stock by any one Person, who is considered to own more than fifty percent ( 50 % ) of the total voting power of the stock of the Company will not be considered a Change in Control . Further, if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership, in subs voting stock immediately prior to the change in ownership, direct or indirect beneficial ownership of fifty percent ( 50 % ) or more of the total voting power of the stock of the Company or of the ultimate parent entity of the Company, such event shall not be considered a Change in Control under this Section 1 . 02 (i)(i) . For this purpose, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities of one or more corporations or other business entities which own the Company, as the case may be, either directly or through one or more subsidiary corporations or other business entities . (ii) Change in Effective Control of the Company . A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve ( 12 ) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election . For purposes of this Section 1 . 02 (i)(ii), if any 2 564654.v2

(iii) Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control . Ch . A change the date that any Person acquires (or has acquired during the twelve ( 12 ) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent ( 50 % ) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions ; provided, however, that for purposes of this Section 1 . 02 (i)(iii), the following will assets: (A) stockholders immediately after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset transfer) in exchange an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (3) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (B)(3) of this Section 1.02(i)(iii). For purposes of this Section 1.02(i)(iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. (j) , and reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation . (k) r individuals satisfying Applicable Laws appointed by the Board, or by a duly authorized committee of the Board, in accordance with Section 2 . 02 . (l) , par value $0.0001 per share, of the Company. (m) Chilean Cobalt Corp., a Nevada corporation, or any successor thereto. (n) y natural person, including an advisor, engaged by the Company or a Parent or Subsidiary to render bona fide services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital - raising transaction, and (ii) case, within the meaning of Form S - 8 promulgated under the Securities Act, and provided further, that a Consultant will include only those persons to whom the issuance of Shares may be registered under Form S - 8 promulgated under the Securities Act. 3 564654.v2

(o) or cause the direction of the management and policies of such Person, whether through the ny other Person (the - 3 under the Exchange Act, securities entitling such Person to cast 10 % or more of the votes for election of directors or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated or receive 10 % or more of the profits, losses, or distributions of the Controlled Person ; (b) an officer, director, general partner, partner (other than a limited partner), manager, or member (other than a member having no management authority that is not a 10 % Owner ) of the Controlled Person ; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother - in - law, father - in - law, sister - in - law, or brother - in - law of an Affiliate of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person is a trustee . (p) (q) 22(e)(3), provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non - discriminatory standards adopted by the Administrator from time to time . (r) the Administrator or as otherwise provided by this Plan, to receive a credit for the account of such Participant in an amount equal to the cash dividends paid on one Share for each Share represented by an Award held by such Participant . (s) Company or any Parent or Subsidiary of the Company, provided that neither service as a or any Parent or Subsidiary of the Company. (t) (u) surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased . The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion . (v) follows: (i) If the Common Stock is listed on any established stock exchange or a national 4 564654.v2

market system (other than an over - the counter market, which will not be considered an established stock exchange of national market system for the purposes of this definition), including without limitation the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or, if no closing sales price was reported on that date, as applicable, on the last trading date such closing sales price was reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable ; (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable ; (iii) In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator. (w) Fiscal Year means the fiscal year of the Company. (x) intended to qualify as an incentive stock option within the meaning of Code Section 422 and the regulations promulgated thereunder. (y) intended to qualify as an Incentive Stock Option. (z) 16 of the Exchange Act and the rules and regulations promulgated thereunder. (aa) this Plan. (bb) (cc) - means an Award denominated in Shares and granted pursuant to Section 3.06. (dd) Code Section 424(e). (ee) . (ff) (gg) established by the Administrator pursuant to Section 3.05 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the 5 564654.v2

applicable Performance Goal(s) measured as of the end of the applicable Performance Period. (hh) whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 3.05. (ii) attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 3 . 05 . (jj) Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture . Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator . (kk) limited partnership or limited liability partnership), limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or political subdivision thereof, or an agency or instrumentality thereof . (ll) Chilean Cobalt Corp . 2022 Equity Incentive Plan . (mm) under Section 3 . 03 , or issued pursuant to the early exercise of an Option . (nn) Fair Market Value of one Share, granted pursuant to Section 3.04. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. (oo) - - 3 of the Exchange Act or any successor to Rule 16b - 3, as in effect when discretion is being exercised with respect to this Plan. (pp) (qq) Employee, Director or Consultant. (rr) Section 4.05. (ss) means an Award, granted alone or in connection with an Option, that pursuant to Section 3.02 is designated as a Stock Appreciation Right. (tt) ing, as defined in Code Section 424(f). Section 1.03 Additional Interpretations. For purposes of Section 1.02(i), persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, 6 564654.v2

consolidation, purchase or acquisition of stock, or similar business transaction with the Company . Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409 A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time . Further and for the avoidance of doubt, a transaction will not constitut incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Compan before such transaction . Article II. S TOCK S UBJECT TO THIS P LAN ; A DMINISTRATION . Section 2 . 01 Stock Subject to this Plan . (a) Subject to the provisions of Section 2 . 01 (a) and Section 4 . 05 , the maximum aggregate number of Shares that may be subject to Awards and sold under this Plan is 1 , 950 , 000 Shares . The Shares may be authorized but unissued, or reacquired Common Stock . (b) If an Award expires or becomes un - exercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, is forfeited to or repurchased by the Company due to the failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under this Plan (unless this Plan has terminated) . With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation Right will cease to be available under this Plan ; all remaining Shares under Stock Appreciation Rights will remain available for future grant or sale under this Plan (unless this Plan has terminated) . Shares that have actually been issued under this Plan under any Award will not be returned to this Plan and will not become available for future distribution under this Plan ; provided, however, that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units are repurchased by the Company or are forfeited to the Company due to the failure to vest, such Shares will become available for future grant under this Plan . Shares used to pay the exercise price of an Award or to satisfy the tax withholdings related to an Award will become available for future grant or sale under this Plan . To the extent an Award under this Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under this Plan . Notwithstanding the foregoing and, subject to adjustment as provided in Section 4 . 05 , the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 2 . 01 (a), plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under this Plan pursuant to Section 2 . 01 (b) and Section 2 . 01 (c) . (c) The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of this Plan . 7 564654.v2

Section 2.02 Administration of this Plan. (a) Procedure . (i) Multiple Administrative Bodies . Different Committees with respect to different groups of Service Providers may administer this Plan. (ii) Rule 16 b - 3 . To the extent desirable to qualify transactions hereunder as exempt under Rule 16 b - 3 , the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16 b - 3 . (iii) Other Administration . Other than as provided above, this Plan will be administered by (A) the Board or (B) a Committee, which Committee will be constituted to satisfy Applicable Laws . (b) Powers of the Administrator . Subject to the provisions of this Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion : (i) to determine the Fair Market Value; (ii) to select the Service Providers to whom Awards may be granted hereunder; (iii) to determine the number of Shares to be covered by each Award granted hereunder; (iv) to approve forms of Award Agreements for use under this Plan; (v) to determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted hereunder, with such terms and conditions including, but not being limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine ; (vi) to determine whether an Award will be settled in Shares, cash, other property or in any combination thereof; (vii) to institute and determine the terms and conditions of an Exchange Program; (viii) to construe and interpret the terms of this Plan and Awards granted pursuant to this Plan; (ix) to prescribe, amend and rescind rules and regulations relating to this Plan, including rules and regulations relating to sub - plans established for the purpose of satisfying applicable non - U . S . laws or for qualifying for favorable tax treatment under applicable non - U . S . laws ; (x) to modify or amend each Award (subject to Section 4.14(c)), including but not 8 564654.v2

limited to the discretionary authority to extend the post - termination exercisability period of Awards ; provided, however, that in no case will an Option or Stock Appreciation Right be extended beyond its original maximum term ; (xi) to allow Participants to satisfy tax withholding obligations in a manner prescribed in Section 4.05(d); (xii) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; (xiii) to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant under an Award; (xiv) to prescribe, amend or rescind rules, guidelines and policies relating to this Plan, or to adopt sub - plans or supplements to, or alternative versions of, this Plan, including, without limitation, as the Administrator deems necessary or desirable to comply with the laws of, or to accommodate the tax policy, accounting principles or custom of, foreign jurisdictions whose residents may be granted Awards ; (xv) to correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement and to make all other determinations and take such other actions with respect to this Plan or any Award as the Administrator may deem advisable to the extent not inconsistent with the provisions of this Plan or applicable law ; and (xvi) to make all other determinations deemed necessary or advisable for administering this Plan. (c) Option or Stock Appreciation Right Repricing . The Administrator shall have the authority, without additional approval by the stockholders of the Company, to approve a program providing for either (a) the cancellation of outstanding Options or Stock Appreciation Rights having exercise prices per share greater than the then Fair Market Value of a Share ion therefor of new Options or Stock Appreciation Rights covering the same or a different number of shares but with an exercise price per share equal to the Fair Market Value per share on the new grant date or payments in cash, or (b) the amendment of outstanding Underwater Awards to reduce the exercise price thereof to the Fair Market Value per share on the date of amendment . (d) Decision interpretations will be final and binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by Applicable Laws Section 2 . 03 Eligibility . Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and Performance Units may be granted to Service Providers . Incentive Stock Options may be granted only to Employees . Section 2 . 04 Indemnification . In addition to such other rights of indemnification as they may have as members of the Board or the Administrator or as officers or employees of the Company or any of its Affiliates, to the extent permitted by applicable law, members of the Board or the 9 564654.v2

Administrator and any officers or employees of the Company or any of its Affiliates to whom authority to act for the Board, the Administrator or the Company is delegated shall be indemnified y and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with this Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct in duties ; provided, however, that within sixty ( 60 ) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense to handle and defend the same . Article III. A WARDS . Section 3 . 01 Stock Options . (a) Grant of Options . Subject to the terms and provisions of this Plan, the Administrator, at any time and from time to time, may grant Options in such amounts as the Administrator, in its sole discretion, will determine . (b) Option Agreement . Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine . (c) Limitations . Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option . Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ( $ 100 , 000 ), such Options will be treated as Nonstatutory Stock Options . For purposes of this Section 3 . 01 (c), Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and the calculation will be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder . (d) Term of Option . The term of each Option will be stated in the Award Agreement . In the case of an Incentive Stock Option, the term will be no more than ten ( 10 ) years from the date of grant thereof . In the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent ( 10 % ) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five ( 5 ) years from the date of grant or such shorter term as may be provided in the Award Agreement . (e) Option Exercise Price and Consideration . 10 564654.v2

(i) Exercise Price . The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option will be determined by the Administrator, subject to the following : (1) In the case of an Incentive Stock Option: (A) granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent ( 10 % ) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent ( 110 % ) of the Fair Market Value per Share (or the fair market value per Share as determined in accordance with Treas . Reg . 1 . 409 A - 1 (b)( 5 )(iv)(A)) on the date of grant ; (B) granted to any Employee other than an Employee described in paragraph ( 1 ) immediately above, the per Share exercise price will be no less than one hundred percent ( 100 % ) of the Fair Market Value per Share on the date of grant ; (2) In the case of a Nonstatutory Stock Option, the per Share exercise price will be no less than one hundred percent ( 100 % ) of the Fair Market Value per Share on the date of grant (or the fair market value per Share as determined in accordance with Treas . Reg . 1 . 409 A - 1 (b)( 5 )(iv)(A)) . (3) N ot w ith s t a nding the f o re going p r ovi s ions of this S ec tion 3 . 01 (e ) , O ptions m a y be g r a n t e d w i t h a p e r Sh a r e e x e r c i s e p r i c e o f l e s s th a n one hund r e d p e r ce nt ( 100 % ) of the F a ir M a r k e t Va lue p e r S h a r e on the d a te of g r a nt pu r s u a nt to a t r a n s ac tion d e s c r i b e d i n, a nd i n a m a nn e r c on s i s t e nt w i th, C ode S ec tion 424 ( a ) . (ii) Waiting Period and Exercise Dates . At the time an Option is granted, the Administrator will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised . (iii) Form of Consideration . The Administrator will determine the acceptable form of consideration for exercising an Option, including the method of payment . In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant . Such consideration may consist entirely of : ( 1 ) cash ; ( 2 ) check ; ( 3 ) promissory note, to the extent permitted by Applicable Laws ; ( 4 ) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion ; ( 5 ) consideration received by the Company under a broker assisted (or other) cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with this Plan ; ( 6 ) by net exercise ; ( 7 ) such other consideration and method of payment 11 564654.v2

for the issuance of Shares to the extent permitted by Applicable Laws ; or ( 8 ) any combination of the foregoing methods of payment . In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably expected to benefit the Company . (f) Exercise of Option . (i) Procedure for Exercise ; Rights as a Stockholder . Any Option granted hereunder will be exercisable according to the terms of this Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement . An Option may not be exercised for a fraction of a Share . An Option will be deemed exercised when the Company receives : (i) notice of exercise (in such form as the Administrator may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable tax withholding) . Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and this Plan . Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse . Until the Shares are issued (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 stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option . The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised . No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 4 . 05 . Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of this Plan and for sale under the Option, by the number of Shares as to which the Option is exercised . (ii) Termination of Relationship as a Service Provider . If a Participant ceases to be a within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) . In the absence of a specified time in the Award Agreement, the Option will remain exercisable for three ( 3 ) otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to this Plan . If after termination the Participant does not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to this Plan . (iii) Disability of Participant. If a Participant ceases to be a Service Provider as a result such period of time as is specified in the Award Agreement to the extent the Option 12 564654.v2

is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) . In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve ( 12 ) provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to this Plan . If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to this Plan . (iv) Death of Participant. If a Participant dies while a Service Provider, the Option may specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the option be exercised later than the expiration of designated beneficiary, provided such beneficiary has been designated prior to ceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option may be exercised by the Option is transferred pursuant to th laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following by the Administrator, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to this Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to this Plan. . Section 3.02 Stock Appreciation Rights. (a) Grant of Stock Appreciation Rights . Subject to the terms and conditions of this Plan, a Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion . (b) Number of Shares . The Administrator will have complete discretion to determine the number of Shares subject to any Award of Stock Appreciation Rights . (c) Exercise Price and Other Terms . The per Share exercise price for the Shares that will determine the amount of the payment to be received upon exercise of a Stock Appreciation Right as set forth in Section 3 . 02 (f) will be determined by the Administrator and will be no less than one hundred percent ( 100 % ) of the Fair Market Value per Share on the date of grant . Otherwise, the Administrator, subject to the provisions of this Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under this Plan . Stock Appreciation Rights which have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company in accordance with the terms of the Award Agreement, specifying the number of Stock Appreciation Rights to be exercised and the date on which such Stock Appreciation Rights were awarded and vested . 13 564654.v2

(d) Stock Appreciation Right Agreement . Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine . (e) Expiration of Stock Appreciation Rights . A Stock Appreciation Right granted under this Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement . Notwithstanding the foregoing, the rules of Section 3 . 01 (d) relating to the maximum term and Section 3 . 01 (f) relating to exercise also will apply to Stock Appreciation Rights . (f) Payment of Stock Appreciation Right Amount . Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying (i) the difference between the Fair Market Value of a Share on the date of exercise over the exercise price ; and (ii) the number of Shares with respect to which the Stock Appreciation Right is exercised . At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof . (g) Deemed Exercise of Stock Appreciation Rights . If, on the date on which a Stock Appreciation Rights would otherwise terminate or expire, the Stock Appreciation Right by its terms remains exercisable immediately prior to such termination or expiration and, if so exercised, would result in a payment to the holder of such Stock Appreciation Right, then any portion of such Stock Appreciation Right which has not previously been exercised shall automatically be deemed to be exercised as of such date with respect to such portion . Section 3.03 Restricted Stock. (a) Grant of Restricted Stock . Subject to the terms and provisions of this Plan, the Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine . (b) Restricted Stock Agreement . Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine . Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed . (c) Transferability . Except as provided in this Section 3 . 03 or as the Administrator determines, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction . (d) Other Restrictions . The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate . (e) Removal of Restrictions . Except as otherwise provided in this Section 3 . 03 , Shares of Restricted Stock covered by each Restricted Stock grant made under this Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction 14 564654.v2

or at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. (f) Voting Rights . During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise . (g) Dividends and Other Distributions . During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise . If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid . (h) Return of Restricted Stock to Company . On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under this Plan . Section 3.04 Restricted Stock Units. (a) Grant . Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator . After the Administrator determines that it will grant Restricted Stock Units under this Plan, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of Restricted Stock Units . (b) Vesting Criteria and Other Terms . The Administrator will set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant . The Administrator may set vesting criteria based upon the achievement of Company - wide, divisional, business unit, or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion . (c) Earning Restricted Stock Units . Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout as determined by the Administrator or as set forth in the applicable Award Agreement . Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout . (d) Form and Timing of Payment . Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined by the Administrator and set forth in the Award Agreement . The Administrator, in its sole discretion, may settle earned Restricted Stock Units in cash, Shares, or a combination of both . (e) Voting Rights, Dividend Equivalent Rights and Distributions . Participants shall have no voting rights with respect to Shares represented by Restricted Stock Units until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) . However, the 15 564654.v2

Administrator, in its discretion, may provide in the Award Agreement evidencing any Restricted Stock Unit Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date such Award is granted and ending, with respect to each share subject to the Award, on the earlier of the date the Award is settled or the date on which it is terminated . Dividend Equivalent Rights, if any, shall be paid by crediting the Participant with a cash amount or with additional whole Restricted Stock Units as of the date of payment of such cash dividends on Stock, as determined by the Administrator . The number of additional Restricted Stock Units (rounded to the nearest whole number), if any, to be credited shall be determined by dividing (a) the amount of cash dividends paid on the dividend payment date with respect to the number of Shares represented by the Restricted Stock Units previously credited to the Participant by (b) the Fair Market Value per Share on such date . Such cash amount or additional Restricted Stock Units shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as the Restricted Stock Units originally subject to the Restricted Stock Unit Award . In the event of a dividend or distribution paid in Shares or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4 . 05 , that it represents the right to receive upon settlement any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would be entitled by reason of the Shares issuable upon settlement of the Award, and all such new, substituted or additional securities or other property shall be immediately subject to the same vesting conditions as are applicable to the Award . (f) Cancellation . On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company . Section 3.05 Performance Units and Performance Shares. (a) Issuance . Performance Awards may be granted to Service Providers at any time and from time to time, as will be determined by the Administrator, in its sole discretion . The Administrator will have complete discretion in determining the number of Performance Units and Performance Shares granted to each Participant . (b) Value of Performance Units/Shares . Each Performance Unit will have an initial value that is established by the Administrator on or before the date of grant . Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant . (c) Performance Objectives and Other Terms . The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out to the Service Providers . The time period during which the performance objectives or other vesting provisions must be met will be Performance Awards will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine . 16 564654.v2

(d) Performance Targets and Goals . The Administrator may set performance objectives based upon the achievement of Company - wide, divisional, business unit or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion Administrator on ), subject to the following: (i) Performance Measures . Performance Measures shall be calculated in accordance rdance with generally accepted accounting principles, a method used generally in the Administrator prior to the grant of the Performance Award . As specified by the Administrator, Performance Measures may be calculated with respect to the Company and its Subsidiaries consolidated therewith for financial reporting purposes, one or more Subsidiaries or such division or other business unit of any of them selected by the Administrator . Unless otherwise determined by the Administrator prior to the grant of the Performance Award, the Performance Measures applicable to the Performance Award shall be calculated prior to the accrual of expense for any Performance Award for the same Performance Period and excluding the effect (whether positive or negative) on the Performance Measures of any change in accounting standards or any unusual or infrequently occurring event or transaction, as determined by the Administrator, occurring after the establishment of the Performance Goals applicable to the Performance Award . Each such adjustment, if any, shall be made solely for the purpose of providing a consistent basis from period to period for the calculation of Performance Measures respect to a Performance Award. Performance Measures may be based upon one or more of the following, as determined by the Administrator: (1) revenue; (2) sales; (3) expenses; (4) operating income; (5) gross margin; (6) operating margin; (7) earnings before any one or more of: stock - based compensation expense, interest, taxes, depreciation and amortization; (8) pre - tax profit; (9) net operating income; (10) net income; (11) economic value added; (12) free cash flow; (13) operating cash flow; (14) balance of cash, cash equivalents and marketable securities; (15) stock price; (16) earnings per share; (17) return on stockholder equity; (18) return on capital; (19) return on assets; (20) return on investment; (21) total stockholder return; (22) employee satisfaction; (23) employee retention; (24) market share; (25) customer satisfaction; (26) product development; (27) research and development expenses; (28) completion of an identified special project; and (29) completion of a joint venture or other corporate transaction. (ii) Performance Targets . Performance Targets may include a minimum, maximum, target level and intermediate levels of performance, with the final value of a Performance Award determined under the applicable Performance Award Formula by the Performance Target level attained during the applicable Performance Period . A Performance Target may be stated as an absolute value, an increase or decrease 17 564654.v2

in a value, or as a value determined relative to an index, budget or other standard selected by the Administrator. (e) Earning of Performance Units/Shares . After the applicable Performance Period has ended, the holder of Performance Units/Shares will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been achieved . After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Unit/Share . (f) Form and Timing of Payment of Performance Units/Shares . Payment of earned Performance Units or Performance Shares will be made as soon as practicable after the expiration of the applicable Performance Period . The Administrator, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof . (g) Cancellation of Performance Units/Shares . On the date set forth in the Award Agreement, all unearned or unvested Performance Units or Performance Shares will be forfeited to the Company, and again will be available for grant under this Plan . (h) Qualified Performance - Based Awards . Restricted Stock and Restricted Stock Units granted to officers and Employees of the Company or any Parent or Subsidiary of the Company (within the meaning of Code Section 424 ) may be granted with the intent that - the Performance - - vesting, or payment of a Qualified Performance - Based Awards may depend on the degree of achievement of one or more performance goals relative to a pre - established targeted level or levels using one or more performance targets as determined by the Administrator (on an absolute or relative (including, without limitation, relative to the performance of one or more other companies or upon comparisons of any of the indicators of performance relative to one or more other companies) basis, any of which may also be expressed as a growth or decline measure relative to an amount or performance for a prior date or period) Subsidiaries, segments, divisions, or business or operational units, or any combination of the foregoing . The performance period applicable to any Performance Units or Performance Shares may not be less than three ( 3 ) months nor more than ten ( 10 ) years . To satisfy the Performance - Based Exception, the performance measure(s) applicable to the Qualified Performance - be established and approved by the Administrator during the first ninety ( 90 ) days of the applicable Performance Period (and, in the case of Performance Periods of less than one year, in no event after 25 % or more of the Performance Period has elapsed) and while performance relating to such target(s) remains substantially uncertain within the meaning of Section 162 (m) of the Code . (i) Voting Rights ; Dividend Equivalent Rights and Distributions . Participants shall have no voting rights with respect to Shares represented by Performance Share Awards until the 18 564654.v2

date of the issuance of such Shares, if any (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) . However, the Administrator, in its discretion, may provide in the Award Agreement evidencing any Performance Share Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date the Award is granted and ending, with respect to each share subject to the Award, on the earlier of the date on which the Performance Shares are settled or the date on which they are forfeited . Such Dividend Equivalent Rights, if any, shall be credited to the Participant either in cash or in the form of additional whole Performance Shares as of the date of payment of such cash dividends on Stock, as determined by the Administrator . The number of additional Performance Shares (rounded to the nearest whole number), if any, to be so credited shall be determined by dividing (a) the amount of cash dividends paid on the dividend payment date with respect to the number of Shares represented by the Performance Shares previously credited to the Participant by (b) the Fair Market Value per Share on such date . Dividend Equivalent Rights, if any, shall be accumulated and paid to the extent that the related Performance Shares become nonforfeitable . Settlement of Dividend Equivalent Rights may be made in cash, Shares, or a combination thereof as determined by the Administrator, and may be paid on the same basis as settlement of the related Performance Share as provided in Section 3 . 05 (e) . Dividend Equivalent Rights shall not be paid with respect to Performance Units . In the event of a dividend or distribution paid in Shares or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4 . 05 , appropriate adjustments shall be upon settlement any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would be entitled by reason of the Shares issuable upon settlement of the Performance Share Award, and all such new, substituted or additional securities or other property shall be immediately subject to the same Performance Goals as are applicable to the Award . Section 3 . 06 Cash - Based Awards and Other Stock - Based Awards . Cash - Based Awards and Other Stock - Based Awards shall be evidenced by Award Agreements in such form as the Administrator shall establish . Such Award Agreements may incorporate all or any of the terms of this Plan by reference and shall comply with and be subject to the following terms and conditions . (a) Grant of Cash - Based Awards . Subject to the provisions of this Plan, the Administrator, at any time and from time to time, may grant Cash - Based Awards to Participants in such amounts and upon such terms and conditions, including the achievement of performance criteria, as the Administrator may determine . (b) Grant of Other Stock - Based Awards . The Administrator may grant other types of equity - based or equity - related Awards not otherwise described by the terms of this Plan (including the grant or offer for sale of unrestricted securities, stock - equivalent units, stock appreciation units, securities or debentures convertible into common stock or other forms determined by the Administrator) in such amounts and subject to such terms and conditions as the Administrator shall determine . Other Stock - Based Awards may be made available as a form of payment in the settlement of other Awards or as payment in lieu of compensation to which a Participant is otherwise entitled . Other Stock - Based Awards may involve the transfer of actual Shares to Participants, or payment in cash or otherwise of 19 564654.v2

amounts based on the value of a Share and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States . (c) Value of Cash - Based and Other Stock - Based Awards . Each Cash - Based Award shall specify a monetary payment amount or payment range as determined by the Administrator . Each Other Stock - Based Award shall be expressed in terms of Shares or units based on such Shares, as determined by the Administrator . The Administrator may require the satisfaction of such Service requirements, conditions, restrictions or performance criteria, including, without limitation, Performance Goals as described in Section 3 . 05 , as shall be established by the Administrator and set forth in the Award Agreement evidencing such Award . If the Administrator exercises its discretion to establish performance criteria, the final value of Cash - Based Awards or Other Stock - Based Awards that will be paid to the Participant will depend on the extent to which the performance criteria are met . The establishment of performance criteria with respect to the grant or vesting of any Cash - Based Award or Other Stock - Based Award intended to result in Performance - Based Compensation shall follow procedures substantially equivalent to those applicable to Performance Awards set forth in Section 3 . 05 . (d) Payment or Settlement of Cash - Based Awards and Other Stock - Based Awards . Payment or settlement, if any, with respect to a Cash - Based Award or an Other Stock - Based Award shall be made in accordance with the terms of the Award, in cash, Shares or other securities or any combination thereof as the Administrator determines . The determination and certification of the final value with respect to any Cash - Based Award or Other Stock - Based Award intended to result in Performance - Based Compensation shall comply with the requirements applicable to Performance Awards set forth in Section 3 . 05 . To the extent applicable, payment or settlement with respect to each Cash - Based Award and Other Stock - Based Award shall be made in compliance with the requirements of Section 409 A . (e) Voting Rights ; Dividend Equivalent Rights and Distributions . Participants shall have no voting rights with respect to Shares represented by Other Stock - Based Awards until the date of the issuance of such Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), if any, in settlement of such Award . However, the Administrator, in its discretion, may provide in the Award Agreement evidencing any Other Stock - Based Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date such Award is granted and ending, with respect to each share subject to the Award, on the earlier of the date the Award is settled or the date on which it is terminated . Such Dividend Equivalent Rights, if any, shall be paid in accordance with the provisions set forth in Section 3 . 04 (e) . Dividend Equivalent Rights shall not be granted with respect to Cash - Based Awards . In the event of a dividend or distribution paid in Shares or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4 . 05 , appropriate - Based Award so that it represents the right to receive upon settlement any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would be entitled by reason of the Shares issuable upon settlement of such Award, and all such new, substituted or additional securities or other property shall be 20 564654.v2

immediately subject to the same vesting conditions and performance criteria, if any, as are applicable to the Award . (f) Nontransferability of Cash - Based Awards and Other Stock - Based Awards . Prior to the payment or settlement of a Cash - Based Award or Other Stock - Based Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the The Administrator may impose such additional restrictions on any Shares issued in settlement of Cash - Based Awards and Other Stock - Based Awards as it may deem advisable, including, without limitation, minimum holding period requirements, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares are then listed and/or traded, or under any state securities laws or foreign law applicable to such Shares . Section 3 . 07 Form of Award Agreements . A form of Award Agreement for a grant of Options is attached hereto as Exhibit A, a form of Award Agreement for a grant of Stock Appreciation Rights is attached hereto as Exhibit B, a form of Award Agreement for a grant of Restricted Stock is attached hereto as Exhibit C ; and a form of Award Agreement for a grant of Restricted Stock Units is attached hereto as Exhibit D, provided that the Administrator shall have the discretion to modify such forms and to replace such forms with any other agreement as determined by the Administrator . In the event of a conflict between the terms of any Award Agreement and the provisions in the body of this Plan, the terms of the Award Agreement shall control . Article IV . A DDITIONAL P ROVISIONS A PPLICABLE TO THIS P LAN AND A WARDS Section 4 . 01 Outside Director Limitations . No Outside Director may be granted, in any Fiscal Year, Awards with a grant date fair value (computed as of the date of grant in accordance with U . S . generally accepted accounting principles) of more than $ 300 , 000 . Any Awards granted to an individual while he or she was an Employee, or while he or she was a Consultant but not an Outside Director, will not count for purposes of the limitations under this Section 4 . 01 . Section 4 . 02 Compliance With Code Section 409 A . Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409 A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409 A, except as otherwise determined in the sole discretion of the Administrator . This Plan and each Award Agreement under this Plan is intended to meet the requirements of Code Section 409 A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator . To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409 A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409 A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409 A . In no event will the Company have any obligation under the terms of this Plan to reimburse a Participant for any taxes or other costs that may be imposed on Participant as a result of Section 409 A . Section 4 . 03 Leaves of Absence/Transfer Between Locations . Unless the Administrator 21 564654.v2

provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence . A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary . For purposes of Incentive Stock Options, no such leave may exceed three ( 3 ) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract . If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six ( 6 ) months following the first ( 1 st ) day of such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option . Section 4 . 04 Limited Transferability of Awards . Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant . If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate . Section 4 . 05 Adjustments ; Dissolution, Merger, Etc . (a) Adjustments . In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split - up, spin - off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under this Plan, will adjust the number and class of shares of stock that may be delivered under this Plan and/or the number, class, and price of shares of stock covered by each outstanding Award, and the numerical Share limits of Section 2 . 01 . (b) Dissolution or Liquidation . In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction . To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action . (c) Change in Control . (i) Unless otherwise specifically set forth in an Award Agreement, in the event of a merger of the Company with or into another corporation or other entity or a Change in Control, each outstanding Award will be treated as the Administrator determines (subject to the provisions of the following paragraph) without a consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent awards will be substituted, by the acquiring or succeeding corporation (or an Affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices ; (ii) upon written notice to a Participant, that the consummation of such merger or Change in Control ; (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an 22 564654.v2

Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent the Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control ; (iv) (A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization without payment), or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion ; or (v) any combination of the foregoing . In taking any of the actions permitted under this Section 4 . 05 (c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly . (ii) In the event that the successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent ( 100 % ) of target levels and all other terms and conditions met, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable . In addition, if an Option or Stock Appreciation Right is not assumed or substituted in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period . (iii) For the purposes of this Section 4 . 05 (c) and Section 4 . 05 (d), an Award will be considered assumed if, following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration (whether stock, cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares) ; provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit, or Performance Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per 23 564654.v2

share consideration received by holders of Common Stock in the merger or Change in Control. (iv) Notwithstanding anything in this Section 4 . 05 (c) to the contrary, an Award that vests, is earned or paid - out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of , in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable ; provided, however, a modification to such perfor - Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption . (v) Notwithstanding anything in this Section 4 . 05 (c) to the contrary, and unless otherwise provided in an Award Agreement, if an Award that vests, is earned or paid - out under an Award Agreement is subject to Code Section 409 A and if the change in control definition contained in the Award Agreement does not comply Section 409 A, then any payment of an amount that is otherwise accelerated under this Section 4 . 05 (c) will be delayed until the earliest time that such payment would be permissible under Code Section 409 A without triggering any penalties applicable under Code Section 409 A . (vi) The Administrator may, without affecting the number of Shares reserved or available hereunder, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409 A and any other applicable provisions of the Code . (d) Outside Director Awards . In the event of a Change in Control, with respect to Awards granted to an Outside Director, the Outside Directors will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent ( 100 % ) of target levels and all other terms and conditions met, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable . Section 4.06 Tax Withholding . (a) Withholding Requirements . Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof) or such earlier time as any tax withholding obligation is due, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, 24 564654.v2

non - withheld with respect to such Award (or exercise thereof). (b) Withholding Arrangements . The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by such methods as the Administrator shall determine, including, without limitation, (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion, (iii) delivering to the Company already - owned Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine, in each case, provided the delivery of such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, or (v) any combination of the foregoing methods of payment . The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion . The fair market value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld . Section 4 . 07 Compliance with Securities Laws . The grant of Awards and the issuance of Shares pursuant to any Award shall be subject to compliance with all applicable requirements of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed . In addition, no Award may be exercised or shares issued pursuant to an Award unless (a) a registration statement under the Securities Act shall at the time of such exercise or issuance be in effect with respect to the shares issuable pursuant to the Award, or (b) in the opinion of legal counsel to the Company, the shares issuable pursuant to the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act . The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the this Plan shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained . As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company . Section 4 . 08 No Effect on Employment or Service . Neither this Plan nor any Award will confer Provider with the Company or its Subsidiaries or Parents, as applicable, nor will they interfere in 25 564654.v2

s right or the right of the Company and its Subsidiaries or Parents, as applicable to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws . Section 4 . 09 Repurchase Rights . Shares issued under this Plan may be subject to one or more repurchase options, or other conditions and restrictions as determined by the Administrator in its discretion at the time the Award is granted . The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company . Upon request by the Company, each Participant shall execute any agreement evidencing such transfer restrictions prior to the receipt of Shares hereunder and shall promptly present to the Company any and all certificates representing Shares acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions . Section 4 . 10 Fractional Shares . The Company shall not be required to issue fractional shares upon the exercise or settlement of any Award . Section 4 . 11 Forfeiture Events . (a) All Awards under this Plan will be subject to recoupment under any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities required by the Dodd - Frank Wall Street Reform and Consumer Protection Act or other Applicable Laws . In addition, the Administrator may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Administrator determines necessary or appropriate, including but not limited to a reacquisition right regarding previously acquired Shares or other cash or property . Unless this Section 4 . 11 is specifically mentioned and waived in an Award Agreement or other document, no recovery of compensation under a clawback policy or otherwise will be an event that Subsidiary or Parent of the Company . (b) Notwithstanding any other provision of this service to the Company or any of its Affiliates as a Service Provider is terminated for Cause, then any Award which has not vested as of such time in accordance with its terms shall automatically be forfeited and cancelled and shall cease to vest, be exercisable or otherwise provide any benefit to Participant, provided that such provision may be amended in any Award Agreement . (c) The Administrator may specify in an Award Agreement that the Partici payments, and benefits with respect to an Award will be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence additional of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award . Such events may Provider for Cause or any specified action or inaction by a Participant, whether before or after such termination of service, that would constitute Cause for termination of such 26 564654.v2

Section 4 . 12 Date of Grant . The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator . Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant . Section 4 . 13 Term of Plan . This Plan will become effective upon its adoption by the Board . It will continue in effect for a term of ten ( 10 ) years from the date adopted by the Board, unless terminated earlier under Section 4 . 14 . Section 4 . 14 Amendment and Termination of this Plan . (a) Amendment and Termination . The Administrator may at any time amend, alter, suspend or terminate this Plan . (b) Stockholder Approval . The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws . (c) Effect of Amendment or Termination . No amendment, alteration, suspension or termination of this Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company . Termination of this Plan will not affect the t hereunder with respect to Awards granted under this Plan prior to the date of such termination . Section 4 . 15 Conditions Upon Issuance of Shares . (a) Legal Compliance . Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance . (b) Investment Representations . As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required . Section 4 . 16 Inability to Obtain Authority . The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or non - U . S . law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by th counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule compliance will not have been obtained . Section 4 . 17 Stockholder Approval . This Plan will be presented for approval by the stockholders of the Company within twelve ( 12 ) months after the date this Plan is adopted by the 27 564654.v2

Board . Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws . No Option granted under this Plan may be treated as an Incentive Stock Option if this Plan is not approved by stockholders of the Company within twelve ( 12 ) months after the date this Plan is adopted by the Board . Section 4 . 18 Retirement and Welfare Plans . Neither Awards made under this Plan nor Shares computing the benefits payable to any Participant under retirement plans (both qualified and non - qualified) or welfare benefit plans unless such other plan benefit. Section 4 . 19 Beneficiary Designation . Subject to local laws and procedures, each Participant may file with the Company a written designation of a beneficiary who is to receive any benefit under this Plan he or she receives any or all of such benefit . Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and will be effective only married Participant designates a beneficiary other than the the Company Section 4 . 20 Severability . If any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part thereof) of this Plan shall not in any way be affected or impaired thereby . Section 4 . 21 No Constraint on Corporate Action . Nothing in this Plan shall be construed to : right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets ; or (b) limit the right or power of the Company any of its Affiliates to take any action which such entity deems to be necessary or appropriate . Section 4 . 22 Unfunded Obligation . Participants shall have the status of general unsecured creditors of the Company . Any amounts payable to Participants pursuant to this Plan shall be considered unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974 . Neither the Company nor any of its Affiliates shall be required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations . The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder . Any investments or the creation or maintenance of any trust or any Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any of its Affiliates and a Participant, or otherwise create any vested or beneficial interest in any Participant or the P the Company or any of its Affiliates . The Participants shall 28 564654.v2

have no claim against the Company or any of its Affiliates for any changes in the value of any assets which may be invested or reinvested by the Company with respect to this Plan . Section 4 . 23 Choice of Law . Except to the extent governed by applicable federal law, the validity, interpretation, construction and performance of this Plan and each Award Agreement shall be governed by the laws of the State of Nevada, without regard to its conflict of law rules . *** 29 564654.v2

Exhibit A Form of Option Award Agreement C HILEAN C OBALT C ORP . O PTION A WARD A GREEMENT This grant of an Award to Chilean Cobalt Corp . , a Nevada Chilean Cobalt Corp . 2022 Equity Incentive Plan (the Plan ), to [ ] (the Participant ) . Under applicable provisions of the Internal Revenue Code of 1986 , as amended, the Option is treated as [an incentive option][a non - qualified option] . Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan . By signing this cover sheet, you hereby accept the Option (as defined below) and agree to all of the terms and conditions described herein and in this Plan. Participant Name : Signature : Chilean Cobalt Corp . By : Name : Title : This is not a stock certificate or a negotiable instrument. This grant of Option is a voluntary, revocable grant from the Company and Participant hereby acknowledges that the Company has no obligation to make additional grants in the future. UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY TO EVIDENCE THE OPTIONS GRANTED TO YOU. *** A - 1 564654.v2

1 . Grant . As of the Effective Date, the Company grants to the Participant an option (the Option ) to purchase on the terms and conditions hereinafter set forth all or any part of an aggregate of [ ] shares of the Common Stock (the Option Shares ), at a purchase price of $ [ ] per share (the Option Price ) . The Participant shall have the cumulative right to exercise the Option, and the Option is only exercisable, with respect to the following number of Option Shares on or after the following dates : Date Number of Options Vested and Shares Which May be Acquired The Administrator may, in its sole discretion, accelerate the date on which the Participant may purchase Option Shares. 2. Term . The Option granted hereunder shall expire in all events at 5 : 00 p . m . , Eastern time on [ ], unless sooner terminated as provided in in this Section 2 . 3. Change in Accounting Treatment . If the Administrator finds that a change in the financial accounting treatment for options granted under this Plan adversely affects the Company or, in the determination of the Administrator, may adversely affect the Company in the foreseeable future, the Administrator may, in its discretion, set an accelerated termination date for the Option . In such event, the Administrator may take whatever other action, including acceleration of any exercise provisions, it deems necessary . 4. Blackout Periods . The Administrator reserves the right to suspend or limit the Participant s rights to exercise and sell Shares acquired through the exercise of Options to comply with Applicable Requirements and any Company s insider trading policy, any Applicable Law, or at any other times that it deems appropriate . 5. Transfers . Except as otherwise provided herein or in any separate provisions applicable to this Option, the Option is transferable by the Participant only by will or pursuant to the laws of descent and distribution in the event of the Participant s death, in which event the Option may be exercised by the heirs or legal representatives of the Participant as set forth in this Plan . Any attempt at assignment, transfer, pledge or disposition of the Option contrary to the provisions hereof or the levy of any execution, attachment or similar process upon the Option shall be null and void and without effect . Any exercise of the Option by a Person other than the Participant shall be accompanied by appropriate proofs of the right of such person to exercise the Option . 6. Adjustments on Changes in Common Stock . In the event that, prior to the delivery by the Company of all of the Option Shares in respect of which the Option is granted, there shall be an increase or decrease in the number of issued shares of Common Stock of the Company as a result of a subdivision or consolidation of Shares or other capital adjustment, or the payment of a stock dividend or other increase or decrease in such Shares, effected without receipt of consideration by the Company, the remaining number of Option Shares still subject to the A - 2 564654.v2

Option and the Option Price therefor shall be adjusted in a manner determined by the Administrator so that the adjusted number of Option Shares and the adjusted Option Price shall be the substantial equivalent of the remaining number of Option Shares still subject to the Option and the Option Price thereof prior to such change . For purposes of this Section 7 no adjustment shall be made as a result of the issuance of Common Stock upon the conversion of other securities of the Company which are convertible into Shares . 7. Legal Requirements . If the listing, registration or qualification of the Option Shares upon any securities exchange or under any federal or state law, or the consent or approval of any governmental regulatory body is necessary as a condition of or in connection with the purchase of such Option Shares, the Company shall not be obligated to issue or deliver the certificates representing the Option Shares as to which the Option has been exercised unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained . If registration is considered unnecessary by the Company or its counsel, the Company may cause a legend to be placed on the Option Shares being issued calling attention to the fact that they have been acquired for investment and have not been registered . 8. Administration . The Option has been granted pursuant to, and is subject to the terms and provisions of, this Plan . All questions of interpretation and application of this Plan and the Option shall be determined by the Administrator, and such determination shall be final, binding and conclusive . The Option shall not be treated as an incentive stock option (as such term is defined in section 422 (b) of the Code) for federal income tax purposes unless expressly indicated as same hereupon . 9. Severability . Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto, modified, amended and limited to the extent necessary to render the same valid and be given their full force and effect . You acknowledge that you are freely, knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel . 10. Notices . Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records of the Company, or at such other address as either party hereafter may designate in writing to the other . Any such notice shall be deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and with proper postage and registration or certification fees prepaid . 11. Reservation of Right to Terminate . Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant in its applicable capacity as a Service Provider at any time for any reason whatsoever . 12. Choice of Law ; Jurisdiction . This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of the State of Nevada, without giving effect to any conflicts of law rule or principle that might require the application of the laws of another jurisdiction . ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR A - 3 564654.v2

BASED UPON THIS AGREEMENT SHALL BE INSTITUTED SOLELY IN THE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN MONTGOMERY COUNTY, PENNSYLVANIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING . 13 . Taxes . You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding of such income or other taxes as may be required by law to be paid or withheld in connection with the Options and exercise thereof . *** A - 4 564654.v2

Exhibit B Form of Stock Appreciation Right Award Agreement C HILEAN C OBALT C ORP . S TOCK A PPRECIATION R IGHTS A WARD A GREEMENT Number of SARs Grant Date Vesting Schedule Exercise Price : $ per share of Common Stock Chilean Cobalt Corp . , a Nevada corporation the attached Stock Appreciation Rights Award Agreement and the Chilean Cobalt Corp . 2022 Equity Incentive Plan Plan Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan . By signing this cover sheet, you agree to all of the terms and conditions described in the attached Stock Appreciation Rights Award Agreement and this Plan. Participant : Signature : Chilean Cobalt Corp . By : Name : Title : This is not a stock certificate or a negotiable instrument. This grant of SAR is a voluntary, revocable grant from the Company and Participant hereby acknowledges that the Company has no obligation to make additional grants in the future. UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY TO EVIDENCE THE SAR GRANTED TO YOU. B - 1 564654.v2

1. SAR/Nontransferability evidences the grant to you on the Grant Date set forth on the cover page of this Agreement the Stock Chilean Cobalt Corp. 2022 Equity Incentive Plan exercise thereof, an amount in cash as set forth in this Plan . This SAR will NOT be credited with dividends to the extent dividends are paid on the Common Stock of the Company . Your SAR may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the SAR be made subject to execution, attachment or similar process . 2. The Plan . The SAR is issued in accordance with and is subject to and conditioned upon all of the terms and conditions of this Agreement and this Plan as amended from time to time ; provided, however, that no future amendment or termination of this Plan shall, without your consent, alter or impair any of your rights or obligations under this Plan, all of which are incorporated by reference in this Agreement as if fully set forth herein . 3. Cash Value Determination upon Vesting and Exercise . Subject to the terms and conditions set forth in this Agreement, the SARs covered by this grant shall vest on the vesting date set forth on the cover page of this Agreement, provided the Participant is a Service Provider of the Company on the Date of Vesting . The payment of the value of the SARs shall be made no later than ten ( 10 ) days following exercise . The payment of amounts with respect to the SARs is subject to the provisions of this Plan and to interpretations, regulations and determinations concerning this Plan as established from time to time by the Administrator in accordance with the provisions of this Plan, including, but not limited to, provisions relating to (i) rights and obligations with respect to withholding taxes, (ii) capital or other changes of the Company and (iii) other requirements of applicable law . 4. No Stockholder Rights. SARs are not Shares. Neither the Participant, nor any Person entitled to h, shall have any of the rights and privileges of a holder of Shares . 5. Severability . Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto, modified, amended and that all provisions not deemed to be overbroad shall be given their full force and effect . You acknowledge that you are freely, knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel . 6. Notices . Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records of the Company, or at such other address as either party hereafter may designate in writing to the other . Any such notice shall be deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and with proper postage and registration or certification fees prepaid . 7. Reservation of Right to Terminate . Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant in its applicable capacity as a Service Provider at any time for any reason whatsoever . 8. Choice of Law; Jurisdiction . This Grant shall be governed by and construed and interpreted in B - 2 564654.v2

accordance with the substantive laws of the State of Nevada, without giving effect to any conflicts of law rule or principle that might require the application of the laws of another jurisdiction . ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED SOLELY IN THE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN MONTGOMERY COUNTY, PENNSYLVANIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING . 9 . Taxes . You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding of such income or other taxes as may be required by law to be paid or withheld in connection with the SARs . *** B - 3 564654.v2

Exhibit C Form of Restricted Stock Award Agreement C HILEAN C OBALT C ORP . R ESTRICTED S TOCK A WARD A GREEMENT Number of Shares Grant Date Vesting Schedule Chilean Cobalt Corp . , a Nevada corporation of the attached Restricted Stock Award Agreement and the Chilean Cobalt Corp . 2022 Equity Incentive Plan Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan . By signing this cover sheet, you agree to all of the terms and conditions described in the attached Restricted Stock Award Agreement and this Plan. Participant : Signature : Chilean Cobalt Corp . By : Name : Title : This is not a stock certificate or a negotiable instrument. This grant of Shares is a voluntary, revocable grant from the Company and Participant hereby acknowledges that the Company has no obligation to make additional grants in the future. UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY TO EVIDENCE THE SHARES GRANTED TO YOU. C - 1 564654.v2

1. Award . This Restricted Stock on the Grant Date set forth on the cover page of this Agreement the shares of Restricted Stock as set Chilean Cobalt Corp. 2022 Equity Incentive Plan 2. Non - Transferability of the Shares . Your Shares may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Shares be made subject to execution, attachment or similar process . Except as may be required by federal income tax withholding provisions or by the tax laws of any state, your interests (and the interests of your beneficiaries, if any) under this Agreement are not subject to the claims of your creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned, pledged, anticipated, or encumbered . Any attempt to sell, transfer, alienate, assign, pledge, anticipate, encumber, charge or otherwise dispose of any right to benefits payable hereunder shall be void . Your rights to your Shares are no greater than that of other general, unsecured creditors of the Company . 3. Vesting . Subject to the terms and conditions set forth in this Agreement, the Shares covered by this grant shall vest on the vesting date set forth on the cover page of this Agreement, provided the Participant is a Service Provider of the Company or a member of the Company Group on the Date of Vesting . 4. Delivery of Shares . (a) Vesting . Shares that vest (together with any payment due pursuant to the terms herein in respect of such Shares) shall be delivered to Participant (or the person to whom ownership rights may have passed by will or the laws of descent and distribution), on or as soon as administratively practicable after, the date of such vesting . (b) Certain Limitations . Notwithstanding the foregoing provisions of this Section 3 , delivery of Shares, if any, to the extent necessary to comply with Code Section 409A(a)(B)(i), and the determination Company shall be made by the Administrator ection 409A, and as set forth in Treasury Regulation Section 1.409A - 1(h)). 5. Withholding Taxes . Participant shall be responsible to pay to the Company the amount of withholding taxes as determined by the Company with respect to the date the Shares are delivered . If Participant does not arrange for payment of the applicable withholding taxes by providing such amount to the Company in cash prior to the date established by the Company as the deadline for such payment, Participant shall be treated as having elected to relinquish to the Company a portion of the Shares that would otherwise have been transferred to Participant having a fair market value, based on the Fair Market Value of the Common Stock on the business day immediately preceding the date of delivery of the Shares, equal to the amount of such applicable withholding taxes, in lieu of paying such amount to the Company in cash . Participant authorizes the Company to withhold in accordance with applicable law from any compensation payable to him or her any taxes required to be withheld for federal, state or local law in connection with this Agreement . 6. Legal Requirements . If the listing, registration or qualification of Shares deliverable in respect of an Shares upon any securities exchange or under any federal or state law, or the consent or approval of any governmental regulatory body is necessary as a condition of or in connection with the C - 2 564654.v2

issuance of such Shares, the Company shall not be obligated to issue or deliver such Shares unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained . If registration is considered unnecessary by the Company or its counsel, the Company may cause a legend to be placed on any Shares being issued calling attention to the fact that they have been acquired for investment and have not been registered . The Administrator may from time to time impose any other conditions on the Shares it deems necessary or advisable to ensure that Shares are issued and resold in compliance with the Securities Act of 1933 , as amended . 7. Severability . Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto, modified, amended and limited to the extent necessary to render the same valid and enforceable . It is further effect . You acknowledge that you are freely, knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel . 8. Notices . Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records of the Company, or at such other address as either party hereafter may designate in writing to the other . Any such notice shall be deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and with proper postage and registration or certification fees prepaid . 9. Reservation of Right to Terminate . Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant in its applicable capacity as a Service Provider at any time for any reason whatsoever . 10. Choice of Law ; Jurisdiction . This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of the State of Nevada, without giving effect to any conflicts of law rule or principle that might require the application of the laws of another jurisdiction . ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED SOLELY IN THE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN MONTGOMERY COUNTY, PENNSYLVANIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING . 11. Taxes . You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding of such income or other taxes as may be required by law to be paid or withheld in connection with the Restricted Stock . *** C - 3 564654.v2

Exhibit D Form of Restricted Stock Unit Award Agreement C HILEAN C OBALT C ORP . R ESTRICTED S TOCK U NIT A WARD A GREEMENT Number of Restricted Stock Units Grant Date Vesting Schedule/Performance Period/Performance Vesting Requirements Chilean Cobalt Corp., a Nevada corporation Cobalt Corp. 2022 Equity Incentive Plan Restricted Stock Unit Award Agreement and the Chilean Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan. By signing this cover sheet, you agree to all of the terms and conditions described in the attached Restricted Stock Unit Award Agreement and this Plan. Participant : Signature : Chilean Cobalt Corp . By : Name : Title : This is not a stock certificate or a negotiable instrument. This grant of RSUs is a voluntary, revocable grant from the Company and Participant hereby acknowledges that the Company has no obligation to make additional grants in the future. UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY TO EVIDENCE THE RSUs GRANTED TO YOU. D - 1 564654.v2

1. Award . This Restricted Stock Unit Participant on the Grant Date set forth on the cover page of this Agreement the Restricted Stock Units Chilean Cobalt Corp. 2022 Equity Incentive Plan mean a non - voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding Share solely for purposes of this Plan and this Agreement . The Restricted Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Restricted Stock Units vest pursuant to this Award Agreement . The Restricted Stock Units shall not be treated as property or as a trust fund of any kind . Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan . 2. Non - Transferability of the RSUs . Your RSUs may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the RSUs be made subject to execution, attachment or similar process . Except as may be required by federal income tax withholding provisions or by the tax laws of any state, your interests (and the interests of your beneficiaries, if any) under this Agreement are not subject to the claims of your creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned, pledged, anticipated, or encumbered . Any attempt to sell, transfer, alienate, assign, pledge, anticipate, encumber, charge or otherwise dispose of any right to benefits payable hereunder shall be void . Your rights to your RSUs are no greater than that of other general, unsecured creditors of the Company . 3. Vesting . Subject to the terms and conditions set forth in this Agreement, the RSUs covered by this grant shall vest on the vesting date set forth on the cover page of this Agreement and subject to the satisfaction or attainment of the performance criteria set forth therein, if any, provided the Participant is employed by the Company on the date of vesting . The Administrator may not accelerate vesting of Restricted Stock Units for any reason . 4. Dividends . Participant shall not be entitled to any cash, securities or property that would have been paid or distributed as dividends with respect to the RSUs subject to this Agreement prior to the date the RSUs are delivered to Participant ; provided, however, that the Company shall keep a hypothetical account in which any such items shall be recorded, and shall pay to Participant the amount of such dividends (in cash or in kind as determined by the Company) on the same date that the RSUs to which such payments or distributions relate are required to be delivered under this Agreement . 5. Timing and Manner of Payment on RSUs . (a) On or as soon as administratively practical following the vesting event pursuant to this Agreement (and in all events not later than two and one - half ( 2 ½) months after such vesting event), the Company shall deliver to the Participant a number of Shares (either by delivering one or more certificates for such Shares or by entering such Shares in book entry form, as determined by the Company in its discretion) equal to the number of Shares subject to the RSU that vest on the Vesting Date, less any withholding or expenses as set forth herein, or may settle the RSU in cash or other payment as provided in this Plan, as determined by the Administrator . Th make payment with respect to vested RSUs is subject to the condition precedent that the Participant or other person entitled under this Plan to receive any Shares or payment with respect to the vested RSUs deliver to the Company any representations or other documents or assurances required pursuant to this Plan . The Participant shall have no further rights with respect to any RSUs that are paid or that terminate pursuant to this Agreement or this D - 2 564654.v2

Plan. (b) Certain Limitations . Notwithstanding the foregoing provisions of this Section 3, delivery of Shares or other payment, if any, with respect to RSUs by termination of employment shall be delayed until the six (6) month anniversary of the date Section 409A(a)(B)(i), and the determination of whether or not there has been a termination Administrator purposes of Code Section 409A, and as set forth in Treasury Regulation Section 1.409A - 1(h)). 6. Rights of Participant . Participant shall have none of the rights of a stockholder at any time prior to the delivery of any Shares pursuant to the RSUs subject to this Agreement, except as expressly set forth in this Plan or herein . 7. Withholding Taxes . Participant shall be responsible to pay to the Company the amount of withholding taxes as determined by the Company with respect to the date the RSUs are settled . If Participant does not arrange for payment of the applicable withholding taxes by providing such amount to the Company in cash prior to the date established by the Company as the deadline for such payment, Participant shall be treated as having elected to relinquish to the Company a portion of the Shares that would otherwise have been transferred to Participant having a fair market value, based on the Fair Market Value of the Common Stock on the business day immediately preceding the date of delivery of the Shares, equal to the amount of such applicable withholding taxes, in lieu of paying such amount to the Company in cash, or an amount in cash if the RSU is settled in cash . Participant authorizes the Company to withhold in accordance with applicable law from any compensation payable to him or her any taxes required to be withheld for federal, state or local law in connection with this Agreement . 8. Legal Requirements . If the listing, registration or qualification of Shares deliverable in respect of an RSU upon any Securities Exchange or any Applicable Requirement, or the consent or approval of any governmental regulatory body is necessary as a condition of or in connection with the issuance of such Shares, the Company shall not be obligated to issue or deliver such Shares unless and until such Applicable Requirements shall have been effected or obtained . If registration is considered unnecessary by the Company or its counsel, the Company may cause a legend to be placed on any Shares being issued calling attention to the fact that they have been acquired for investment and have not been registered . The Administrator may from time to time impose any other conditions on the Shares it deems necessary or advisable to ensure that Shares are issued and resold in compliance with the Securities Act of 1933 , as amended . 9. Severability . Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto, modified, amended and limited to the extent necessary to render the same valid and enforceable . It is further effect. You acknowledge that you are freely, knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel. 10. Notices . Any notice to be given to the Company shall be addressed to the Administrator at its D - 3 564654.v2

principal executive office, and any notice to be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records of the Company, or at such other address as either party hereafter may designate in writing to the other . Any such notice shall be deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and with proper postage and registration or certification fees prepaid . 11. Reservation of Right to Terminate . Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant in its applicable capacity as a Service Provider at any time for any reason whatsoever . 12. Choice of Law ; Jurisdiction . This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of the State of Nevada, without giving effect to any conflicts of law rule or principle that might require the application of the laws of another jurisdiction . ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED SOLELY IN THE COURTS OF THE COMMONWEALTH OF PENNSYLVANIA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN MONTGOMERY COUNTY, PENNSYLVANIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING . 13. Taxes . You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding of such income or other taxes as may be required by law to be paid or withheld in connection with the RSUs . *** D - 4 564654.v2