EX-10.3 4 e7540_ex10-3.htm EXHIBIT 10.3

 

 

EXHIBIT 10.3

 

Exhibit A – Plan Amendment

 

AMENDMENT TO THE AMENDED AND RESTATED 2020 STOCK AND INCENTIVE COMPENSATION PLAN

 

This Amendment (the “Amendment”) to the Amended and Restated 2020 Stock and Incentive Compensation Plan (the “Plan”) of Kaival Brands Innovations Group, Inc. (the “Company”) is effective as of March 31, 2026.

 

1.Increase in Share Reserve. The maximum aggregate number of shares of Common Stock that may be subject to or delivered under awards granted pursuant to the Plan is hereby increased from 4,761,905 to 100,000,000 shares.

 

2.No Other Changes. Except as expressly amended herein, all terms and conditions of the Plan shall remain in full force and effect.

 

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer as of the date first above written.

 

Kaival Brands Innovations Group, Inc.  
     
By: /s/ Eric Mosser  
Name: Eric Mosser  
Title: Chief Executive O cer  
Date: March 31, 2026