Company: NDRA
Filing Date: 2025-10-17
Form Type: PRE 14A
Source: 0001654954-25-011931
Chunk: 56

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-17
Form: PRE 14A
Chunk 56
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 to which the option price or purchase price for restricted stock has been paid thereby, at their fair market value on the date of exercise or surrender. With respect to an option only (and not with respect to restricted stock), to the extent permitted by law and to the extent the award agreement so provides, payment of the option price and any withholding taxes may be made through a broker-assisted cashless exercise. To the extent the award agreement so provides, payment of the option price or the purchase price for restricted stock may be made in any other form that is consistent with applicable laws, regulations and rules, including the Company’s withholding of shares otherwise due to the exercising grantee.

Terms and Conditions of Performance Awards

The right of a grantee to exercise or receive a grant or settlement of any award, and the timing thereof, may be subject to such performance conditions as may be specified by the Board, subject to the 2016 Plan. Settlement of performance awards may be in cash, shares, other awards or other property. The Board may reduce the amount of a settlement otherwise to be made in connection with such performance awards.

Other Share-Based Awards

Other share-based awards may be granted either alone or in addition to or in conjunction with other awards. Other share-based awards may be granted in lieu of other cash or other compensation to which a service provider is entitled from the Company or may be used in the settlement of amounts payable in shares under any other compensation plan or arrangement of the Company, including any other Company incentive compensation plan. The Board will determine the persons to whom and the time or times at which such awards will be made, the number of shares to be granted pursuant to such awards, and all other terms and conditions of such awards. Unless the Board determines otherwise, any such award will be confirmed by an award agreement, which will contain such provisions as the Board determines to be necessary or appropriate to carry out the intent of the 2016 Plan with respect to such award. Any common stock subject to awards made under the 2016 Plan may not be sold, assigned, transferred, pledged or otherwise encumbered prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses.

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Adjustments for Changes in Capital Structure

Subject to any required action by the stockholders, in the event of certain changes in the Company’s capital structure, appropriate and proportionate adjustments will be made in the number and class of shares subject to the 201