Company: NDRA
Filing Date: 2025-10-17
Form Type: PRE 14A
Source: 0001654954-25-011931
Chunk: 55

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-17
Form: PRE 14A
Chunk 55
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 multiplying: (i) the difference between the fair market value on the date of exercise over the SAR exercise price; by (ii) the number of shares with respect to which the SAR is exercised.

Terms and Conditions of Restricted Stock and RSUs

At the time of grant, the Board may establish a period of time and any additional restrictions including the satisfaction of corporate or individual performance objectives applicable to an award of restricted stock or RSUs. Each award of restricted stock or RSUs may be subject to a different restricted period and additional restrictions. Neither restricted stock nor RSUs may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the restricted period or prior to the satisfaction of any other applicable restrictions. Unless otherwise provided in the applicable award agreement, holders of restricted stock will have rights as stockholders, including voting and dividend rights. RSUs may be settled in cash or shares, as set forth in the award agreement. The award agreement will also set forth when the RSUs will be settled. Unless otherwise provided in the applicable award agreement, holders of RSUs will not have rights as stockholders, including voting or dividend or dividend equivalents rights. A holder of RSUs will have no rights other than those of a general creditor of the Company. RSUs represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable award agreement. The grantee will be required, to the extent required by applicable law, to purchase the restricted stock from the Company at a purchase price equal to the greater of (i) the aggregate par value of the shares represented by such restricted stock or (ii) the purchase price, if any, specified in the related award agreement. If specified in the award agreement, the purchase price may be deemed paid by services already rendered. The purchase price will be payable in a form described in the 2016 Plan or, if so determined by the Board, in consideration for past services rendered.

Form of Payment for Options and Restricted Stock

Payment of the option price for the shares purchased pursuant to the exercise of an option or the purchase price for restricted stock will be made in cash or in cash equivalents acceptable to the Company, except as provided in the 2016 Plan. To the extent the award agreement so provides, payment of the option price for shares purchased pursuant to the exercise of an option or the purchase price for restricted stock may be made all or in part through the tender to the Company of shares, which shares will be valued, for purposes of determining the extent