Exhibit 10.2


 


Augmedix,
Inc.


 


2020
Equity Incentive Plan


 


1. PURPOSE.
The purpose of this Plan is to provide incentives to attract, retain, and motivate eligible persons whose present and potential
contributions are important to the success of the Company, and any Parents, Subsidiaries, and Affiliates that exist now or in
the future, by offering them an opportunity to participate in the Company’s future performance through the grant of Awards.
Capitalized terms not defined elsewhere in the text are defined in Section 29.


 


2.
SHARES SUBJECT TO THE PLAN.


 


2.1.
Number of Shares Available. Subject to Section 2.6 and Section 22 and any other applicable provisions
hereof, the total number of Shares reserved and available for grant and issuance pursuant to this Plan as of the date of adoption
of the Plan by the Board, is zero (0) Shares, plus (a) any reserved Shares not issued or subject to outstanding awards granted
under the Company’s 2013 Equity Incentive Plan, as amended and restated (the “Prior Plan”) on
the Effective Date (as defined below), (b) Shares that are subject to awards granted under the Prior Plan that cease to be subject
to such awards by forfeiture or otherwise after the Effective Date, (c) Shares issued under the Prior Plan before or after the
Effective Date pursuant to the exercise of stock options that are, after the Effective Date, forfeited, (d) Shares issued under
the Prior Plan that are repurchased by the Company at the original issue price, (e) Shares that are subject to stock options or
other awards under the Prior Plan that are used to pay the exercise price of a stock option or withheld to satisfy the tax withholding
obligations related to any award, and (f) Shares that are subject to awards granted prior to the effectiveness of the Prior Plan
that are forfeited or otherwise repurchased by the Company.


 


2.2.
Lapsed, Returned Awards. Shares subject to Awards, and Shares issued under the Plan under any Award, will again be
available for grant and issuance in connection with subsequent Awards under this Plan to the extent such Shares: (a) are subject
to issuance upon exercise of an Option or SAR granted under this Plan but which cease to be subject to the Option or SAR for any
reason other than exercise of the Option or SAR, (b) are subject to Awards granted under this Plan that are forfeited or are repurchased
by the Company at the original issue price, (c) are subject to Awards granted under this Plan that otherwise terminate without
such Shares being issued or (d) are surrendered pursuant to an Exchange Program. To the extent an Award under the 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
the Plan. Shares used to pay the exercise price of an Award or withheld to satisfy the tax withholding obligations related to
an Award will become available for grant and issuance in connection with subsequent Awards under this Plan. For the avoidance
of doubt, Shares that otherwise become available for grant and issuance because of the provisions of this Section 2.2 will
not include Shares subject to Awards that initially became available because of the substitution clause in Section 22.2
hereof.


 


2.3.
Minimum Share Reserve. At all times the Company will reserve and keep available a sufficient number of Shares as will
be required to satisfy the requirements of all outstanding Awards granted under this Plan.


 






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2.4.
Automatic Share Reserve Increase. The number of Shares available for grant and issuance under the Plan will be increased
on January 1 of each of the first ten (10) calendar years during the term of the Plan by the lesser of (a) five percent (5%) of
the number of shares of all classes of the Company’s common stock issued and outstanding on each December 31 immediately
prior to the date of increase or (b) such number of Shares determined by the Board.


 


2.5.
ISO Limitation. No more than 2,000,000 Shares will be issued pursuant to the exercise of ISOs granted under the Plan.


 


2.6.
Adjustment of Shares. If the number of outstanding Shares is changed by a stock dividend, extraordinary dividend or
distribution (whether in cash, shares, or other property, other than a regular cash dividend), recapitalization, stock split,
reverse stock split, subdivision, combination, consolidation, reclassification, spin-off, or similar change in the capital structure
of the Company, without consideration, then (a) the number and class of Shares reserved for issuance and future grant under the
Plan set forth in Section 2.1, including Shares reserved under sub-clauses (a)-(e) of Section 2.1, (b) the Exercise
Prices of and number and class of Shares subject to outstanding Options and SARs, (c) the number and class of Shares subject to
other outstanding Awards and (d) the maximum number and class of Shares that may be issued as ISOs set forth in Section 2.5,
will be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance
with applicable securities laws, provided that fractions of a Share will not be issued.


 


If,
by reason of an adjustment pursuant to this Section 2.6, a Participant’s Award Agreement or other agreement related
to any Award, or the Shares subject to such Award, covers additional or different shares of stock or securities, then such additional
or different shares, and the Award Agreement or such other agreement in respect thereof, will be subject to all of the terms,
conditions, and restrictions which were applicable to the Award or the Shares subject to such Award prior to such adjustment.


 


3. ELIGIBILITY.
ISOs may be granted only to Employees. All other Awards may be granted to Employees, Consultants, Directors, and Non-Employee
Directors, provided that such Consultants, Directors, and Non-Employee Directors render bona fide services not in connection with
the offer and sale of securities in a capital-raising transaction.


 


4.
ADMINISTRATION.


 


4.1.
Committee Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee.
Subject to the general purposes, terms, and conditions of this Plan, and to the direction of the Board, the Committee will have
full power to implement and carry out this Plan, except, however, the Board will establish the terms for the grant of an Award
to Non-Employee Directors. The Committee will have the authority to:


 


(a) construe
and interpret this Plan, any Award Agreement, and any other agreement or document executed pursuant to this Plan;


 


(b)
prescribe, amend, and rescind rules and regulations relating to this Plan or any Award;


 


(c)
select persons to receive Awards;


 


(d)
determine the form and terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such
terms and conditions include, but are not limited to, the Exercise Price, the time or times when Awards may vest and be exercised
(which may be based on performance criteria) or settled, any vesting acceleration or waiver of forfeiture restrictions, the method
to satisfy tax withholding obligations or any other tax liability legally due, and any restriction or limitation regarding any
Award or the Shares relating thereto, based in each case on such factors as the Committee will determine;


 






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(e)
determine the number of Shares or other consideration subject to Awards;


 


(f) determine
the Fair Market Value in good faith and interpret the applicable provisions of this Plan and the definition of Fair Market Value
in connection with circumstances that impact the Fair Market Value, if necessary;


 


(g) determine
whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to, other Awards
under this Plan or any other incentive or compensation plan of the Company or any Parent, Subsidiary, or Affiliate;


 


(h)
grant waivers of Plan or Award conditions;


 


(i)
determine the vesting, exercisability, and payment of Awards;


 


(j) correct
any defect, supply any omission, or reconcile any inconsistency in this Plan, any Award, or any Award Agreement;


 


(k)
determine whether an Award has been vested and/or earned;


 


(l)
determine the terms and conditions of any, and to institute any Exchange Program;


 


(m)
reduce or modify any criteria with respect to Performance Factors;


 


(n) adjust
Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems necessary or appropriate
to reflect the impact of extraordinary or unusual items, events, or circumstances to avoid windfalls or hardships;


 


(o) adopt
terms and conditions, rules, and/or procedures (including the adoption of any subplan under this Plan) relating to the operation
and administration of the Plan to accommodate requirements of local law and procedures outside of the United States or to qualify
Awards for special tax treatment under laws of jurisdictions other than the United States;


 


(p)
exercise discretion with respect to Performance Awards;


 


(q)
make all other determinations necessary or advisable for the administration of this Plan; and


 


(r)
delegate any of the foregoing to a subcommittee or to one or more executive officers pursuant to a specific delegation as permitted
by applicable law, including Section 157(c) of the Delaware General Corporation Law.


 


4.2.
Committee Interpretation and Discretion. Any determination made by the Committee with respect to any Award will be
made in its sole discretion at the time of grant of the Award or, unless in contravention of any express term of the Plan or Award,
at any later time, and such determination will be final and binding on the Company and all persons having an interest in any Award
under the Plan. Any dispute regarding the interpretation of the Plan or any Award Agreement will be submitted by the Participant
or Company to the Committee for review. The resolution of such a dispute by the Committee will be final and binding on the Company
and the Participant. The Committee may delegate to one or more executive officers the authority to review and resolve disputes
with respect to Awards held by Participants who are not Insiders, and such resolution will be final and binding on the Company
and the Participant.


 






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4.3.
Section 16 of the Exchange Act. Awards granted to Participants who are subject to Section 16 of the Exchange Act must
be approved by two or more “non-employee directors” (as defined in the regulations promulgated under Section 16 of
the Exchange Act).


 


4.4.
Documentation. The Award Agreement for a given Award, the Plan, and any other documents may be delivered to, and accepted
by, a Participant or any other person in any manner (including electronic distribution or posting) that meets applicable legal
requirements.


 


4.5.
Foreign Award Recipients. Notwithstanding any provision of the Plan to the contrary, in order to comply with the laws
and practices in other countries in which the Company, its Subsidiaries, and Affiliates operate or have Employees or other individuals
eligible for Awards, the Committee, in its sole discretion, will have the power and authority to: (a) determine which Subsidiaries
and Affiliates will be covered by the Plan; (b) determine which individuals outside the United States are eligible to participate
in the Plan, which may include individuals who provide services to the Company, Subsidiary or Affiliate under an agreement with
a foreign nation or agency; (c) modify the terms and conditions of any Award granted to individuals outside the United States
or foreign nationals to comply with applicable foreign laws, policies, customs, and practices; (d) establish subplans and modify
exercise procedures, vesting conditions, and other terms and procedures to the extent the Committee determines such actions to
be necessary or advisable (and such subplans and/or modifications will be attached to this Plan as appendices, if necessary);
and (e) take any action, before or after an Award is made, that the Committee determines to be necessary or advisable to obtain
approval or comply with any local governmental regulatory exemptions or approvals, provided, however, that no action taken under
this Section 4.5 will increase the Share limitations contained in Section 2.1 hereof. Notwithstanding the foregoing,
the Committee may not take any actions hereunder, and no Awards will be granted, that would violate the Exchange Act or any other
applicable United States securities law, the Code, or any other applicable United States governing statute or law.


 


5. OPTIONS.
An Option is the right but not the obligation to purchase a Share, subject to certain conditions, if applicable. The Committee
may grant Options to eligible Employees, Consultants, and Directors and will determine whether such Options will be Incentive
Stock Options within the meaning of the Code (“ISOs”) or Nonqualified Stock Options (“NSOs”),
the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may vest and
be exercised, and all other terms and conditions of the Option, subject to the following terms of this section.


 


5.1.
Option Grant. Each Option granted under this Plan will identify the Option as an ISO or an NSO. An Option may be, but
need not be, awarded upon satisfaction of such Performance Factors during any Performance Period as are set out in advance in
the Participant’s individual Award Agreement. If the Option is being earned upon the satisfaction of Performance Factors,
then the Committee will: (a) determine the nature, length, and starting date of any Performance Period for each Option; and (b)
select from among the Performance Factors to be used to measure the performance, if any. Performance Periods may overlap, and
Participants may participate simultaneously with respect to Options that are subject to different performance goals and other
criteria.


 


5.2.
Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant
such Option, or a specified future date. The Award Agreement and a copy of this Plan will be delivered to the Participant within
a reasonable time after the granting of the Option.


 






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5.3.
Exercise Period. Options may be vested and exercisable within the times or upon the conditions as set forth in the
Award Agreement governing such Option, provided, however, that no Option will be exercisable after the expiration of ten (10)
years from the date the Option is granted and provided further that no ISO granted to a person who, at the time the ISO is granted,
directly or by attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the
Company or of any Parent or Subsidiary (“Ten Percent Stockholder”) will be exercisable after the expiration
of five (5) years from the date the ISO is granted. The Committee also may provide for Options to become exercisable at one time
or from time to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee determines.


 


5.4.
Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted, provided
that: (a) the Exercise Price of an Option will be not less than one hundred percent (100%) of the Fair Market Value of the Shares
on the date of grant, and (b) the Exercise Price of any ISO granted to a Ten Percent Stockholder will not be less than one hundred
ten percent (110%) of the Fair Market Value of the Shares on the date of grant. Payment for the Shares purchased may be made in
accordance with Section 12 and the Award Agreement and in accordance with any procedures established by the Company.


 


5.5.
Method of Exercise. Any Option granted hereunder will be vested and exercisable according to the terms of the Plan
and at such times and under such conditions as determined by the Committee 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: (a) notice of exercise
(in such form as the Committee may specify from time to time) from the person entitled to exercise the Option (and/or via electronic
execution through the authorized third-party administrator), and (b) full payment for the Shares with respect to which the Option
is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment
authorized by the Committee and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be
issued in the name of the Participant. 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, 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 2.6 of the Plan. Exercising
an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under
the Option, by the number of Shares as to which the Option is exercised.


 


5.6.
Termination of Service. If the Participant’s Service terminates for any reason except for Cause or the Participant’s
death or Disability, then the Participant may exercise such Participant’s Options only to the extent that such Options would
have been exercisable by the Participant on the date Participant’s Service terminates no later than three (3) months after
the date Participant’s Service terminates (or such shorter time period not less than thirty (30) days or longer time period
as may be determined by the Committee, with any exercise beyond three (3) months after the date Participant’s Service terminates
deemed to be the exercise of an NSO), but in any event no later than the expiration date of the Options.


 


(a)
Death. If the Participant’s Service terminates because of the Participant’s death (or the Participant dies
within three (3) months after Participant’s Service terminates other than for Cause or because of the Participant’s
Disability), then the Participant’s Options may be exercised only to the extent that such Options would have been exercisable
by the Participant on the date Participant’s Service terminates and must be exercised by the Participant’s legal representative,
or authorized assignee, no later than twelve (12) months after the date Participant’s Service terminates (or such shorter
time period not less than six (6) months or longer time period as may be determined by the Committee), but in any event no later
than the expiration date of the Options.


 






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(b)
Disability. If the Participant’s Service terminates because of the Participant’s Disability, then the Participant’s
Options may be exercised only to the extent that such Options would have been exercisable by the Participant on the date Participant’s
Service terminates and must be exercised by the Participant (or the Participant’s legal representative or authorized assignee)
no later than twelve (12) months after the date Participant’s Service terminates (or such shorter time period not less than
six (6) months or longer time period as may be determined by the Committee, with any exercise beyond (a) three (3) months after
the date Participant’s Service terminates when the termination of Service is for a Disability that is not a “permanent
and total disability” as defined in Section 22(e)(3) of the Code or (b) twelve (12) months after the date Participant’s
Service terminates when the termination of Service is for a Disability that is a “permanent and total disability”
as defined in Section 22(e)(3) of the Code, deemed to be exercise of an NSO), but in any event no later than the expiration date
of the Options.


 


(c)
Cause. Unless as otherwise determined by the Committee, if the Participant’s Service terminates for Cause, then Participant’s
Options (whether or not vested) will expire on the date of termination of Participant’s Service if the Committee has reasonably
determined in good faith that such cessation of Services has resulted in connection with an act or failure to act constituting
Cause (or such Participant’s Services could have been terminated for Cause (without regard to the lapsing of any required
notice or cure periods in connection therewith) at the time such Participant terminated Services), or at such later time and on
such conditions as are determined by the Committee, but in any event no later than the expiration date of the Options. Unless
otherwise provided in an employment agreement, Award Agreement, or other applicable agreement, Cause will have the meaning set
forth in the Plan.


 


5.7.
Limitations on Exercise. The Committee may specify a minimum number of Shares that may be purchased on any exercise
of an Option, provided that such minimum number will not prevent any Participant from exercising the Option for the full
number of Shares for which it is then exercisable.


 


5.8.
Limitations on ISOs. With respect to Awards granted as ISOs, to the extent that the aggregate Fair Market Value of
the Shares with respect to which such ISOs 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 NSOs. For purposes of this Section 5.8, ISOs 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. In the event
that the Code or the regulations promulgated thereunder are amended after the Effective Date to provide for a different limit
on the Fair Market Value of Shares permitted to be subject to ISOs, such different limit will be automatically incorporated herein
and will apply to any Options granted after the effective date of such amendment.


 


5.9.
Modification, Extension or Renewal. The Committee may modify, extend, or renew outstanding Options and authorize the
grant of new Options in substitution therefor, provided that any such action may not, without the written consent of a
Participant, impair any of such Participant’s rights under any Option previously granted. Any outstanding ISO that is modified,
extended, renewed, or otherwise altered will be treated in accordance with Section 424(h) of the Code. Subject to Section 19
of this Plan, by written notice to affected Participants, the Committee may reduce the Exercise Price of outstanding Options
without the consent of such Participants, provided, however, that the Exercise Price may not be reduced below the Fair Market
Value on the date the action is taken to reduce the Exercise Price.


 






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5.10.
No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs will be
interpreted, amended, or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify
this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify any ISO under Section
422 of the Code.


 


6. RESTRICTED
STOCK AWARDS. A Restricted Stock Award is an offer by the Company to sell to an eligible Employee, Consultant, or Director
Shares that are subject to restrictions (“Restricted Stock”). The Committee will determine to whom an
offer will be made, the number of Shares the Participant may purchase, the Purchase Price, the restrictions under which the Shares
will be subject, and all other terms and conditions of the Restricted Stock Award, subject to the Plan.


 


6.1.
Restricted Stock Purchase Agreement. All purchases under a Restricted Stock Award will be evidenced by an Award Agreement.
Except as may otherwise be provided in an Award Agreement, a Participant accepts a Restricted Stock Award by signing and delivering
to the Company an Award Agreement with full payment of the Purchase Price, within thirty (30) days from the date the Award Agreement
was delivered to the Participant. If the Participant does not accept such Award within thirty (30) days, then the offer of such
Restricted Stock Award will terminate, unless the Committee determines otherwise.


 


6.2.
Purchase Price. The Purchase Price for a Restricted Stock Award will be determined by the Committee and may be less
than Fair Market Value on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance
with Section 12 of the Plan, and the Award Agreement and in accordance with any procedures established by the Company.


 


6.3.
Terms of Restricted Stock Awards. Restricted Stock Awards will be subject to such restrictions as the Committee may
impose or are required by law. These restrictions may be based on completion of a specified period of Service with the Company
or upon completion of Performance Factors, if any, during any Performance Period as set out in advance in the Participant’s
Award Agreement. Prior to the grant of a Restricted Stock Award, the Committee will: (a) determine the nature, length, and starting
date of any Performance Period for the Restricted Stock Award; (b) select from among the Performance Factors to be used to measure
performance goals, if any; and (c) determine the number of Shares that may be awarded to the Participant. Performance Periods
may overlap, and a Participant may participate simultaneously with respect to Restricted Stock Awards that are subject to different
Performance Periods and having different performance goals and other criteria.


 


6.4.
Termination of Service. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such
date Participant’s Service terminates (unless determined otherwise by the Committee).


 


7. STOCK
BONUS AWARDS. A Stock Bonus Award is an award to an eligible Employee, Consultant, or Director of Shares for Services
to be rendered or for past Services already rendered to the Company or any Parent, Subsidiary, or Affiliate. All Stock Bonus Awards
will be made pursuant to an Award Agreement. No payment from the Participant will be required for Shares awarded pursuant to a
Stock Bonus Award.


 


7.1.
Terms of Stock Bonus Awards. The Committee will determine the number of Shares to be awarded to the Participant under
a Stock Bonus Award and any restrictions thereon. These restrictions may be based upon completion of a specified period of Service
with the Company or upon satisfaction of performance goals based on Performance Factors during any Performance Period as set out
in advance in the Participant’s Stock Bonus Agreement. Prior to the grant of any Stock Bonus Award the Committee will: (a)
determine the nature, length, and starting date of any Performance Period for the Stock Bonus Award; (b) select from among the
Performance Factors to be used to measure performance goals; and (c) determine
the number of Shares that may be awarded to the Participant. Performance Periods may overlap, and a Participant may participate
simultaneously with respect to Stock Bonus Awards that are subject to different Performance Periods and different performance
goals and other criteria.





 



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7.2.
Form of Payment to Participant. Payment may be made in the form of cash, whole Shares, or a combination thereof, based
on the Fair Market Value of the Shares earned under a Stock Bonus Award on the date of payment, as determined in the sole discretion
of the Committee.


 


7.3.
Termination of Service. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such
date Participant’s Service terminates (unless determined otherwise by the Committee).


 


8. STOCK
APPRECIATION RIGHTS. A Stock Appreciation Right (“SAR”) is an award to an eligible Employee,
Consultant, or Director that may be settled in cash or Shares (which may consist of Restricted Stock) having a value equal to
(a) the difference between the Fair Market Value on the date of exercise over the Exercise Price multiplied by (b) the number
of Shares with respect to which the SAR is being settled (subject to any maximum number of Shares that may be issuable as specified
in an Award Agreement). All SARs will be made pursuant to an Award Agreement.


 


8.1.
Terms of SARs. The Committee will determine the terms of each SAR including, without limitation: (a) the number of
Shares subject to the SAR, (b) the Exercise Price and the time or times during which the SAR may be settled, (c) the consideration
to be distributed on settlement of the SAR, and (d) the effect of the Participant’s termination of Service on each SAR.
The Exercise Price of the SAR will be determined by the Committee when the SAR is granted and may not be less than Fair Market
Value of the Shares on the date of grant. A SAR may be awarded upon satisfaction of Performance Factors, if any, during any Performance
Period as are set out in advance in the Participant’s individual Award Agreement. If the SAR is being earned upon the satisfaction
of Performance Factors, then the Committee will: (i) determine the nature, length, and starting date of any Performance Period
for each SAR; and (ii) select from among the Performance Factors to be used to measure the performance, if any. Performance Periods
may overlap, and Participants may participate simultaneously with respect to SARs that are subject to different Performance Factors
and other criteria.


 


8.2.
Exercise Period and Expiration Date. A SAR will be exercisable within the times or upon the occurrence of events determined
by the Committee and set forth in the Award Agreement governing such SAR. The SAR Agreement will set forth the expiration date,
provided that no SAR will be exercisable after the expiration of ten (10) years from the date the SAR is granted. The Committee
may also provide for SARs to become exercisable at one time or from time to time, periodically or otherwise (including, without
limitation, upon the attainment during a Performance Period of performance goals based on Performance Factors), in such number
of Shares or percentage of the Shares subject to the SAR as the Committee determines. Except as may be set forth in the Participant’s
Award Agreement, vesting ceases on the date Participant’s Service terminates (unless determined otherwise by the Committee).
Notwithstanding the foregoing, the rules of Section 5.6 also will apply to SARs.


 


8.3.
Form of Settlement. Upon exercise of a SAR, a Participant will be entitled to receive payment from the Company in an
amount determined by multiplying (a) the difference between the Fair Market Value of a Share on the date of exercise over the
Exercise Price, by (b) the number of Shares with respect to which the SAR is exercised. At the discretion of the Committee, the
payment from the Company for the SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. The
portion of a SAR being settled may be paid currently or on a deferred basis with such interest, if any, as the Committee determines,
provided that the terms of the SAR and any deferral satisfy the requirements of Section 409A of the Code to the extent
applicable.


 






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8.4.
Termination of Service. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such
date Participant’s Service terminates (unless determined otherwise by the Committee).


 


9. RESTRICTED
STOCK UNITS. A Restricted Stock Unit (“RSU”) is an award to an eligible Employee, Consultant,
or Director covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of Restricted
Stock). All RSUs will be made pursuant to an Award Agreement.


 


9.1.
Terms of RSUs. The Committee will determine the terms of an RSU including, without limitation: (a) the number of Shares
subject to the RSU, (b) the time or times during which the RSU may be settled, (c) the consideration to be distributed on settlement,
and (d) the effect of the Participant’s termination of Service on each RSU, provided that no RSU will have a term longer
than ten (10) years. An RSU may be awarded upon satisfaction of such performance goals based on Performance Factors during any
Performance Period as are set out in advance in the Participant’s Award Agreement. If the RSU is being earned upon satisfaction
of Performance Factors, then the Committee will: (i) determine the nature, length, and starting date of any Performance Period
for the RSU; (ii) select from among the Performance Factors to be used to measure the performance, if any; and (iii) determine
the number of Shares deemed subject to the RSU. Performance Periods may overlap, and Participants may participate simultaneously
with respect to RSUs that are subject to different Performance Periods and different performance goals and other criteria.


 


9.2.
Form and Timing of Settlement. Payment of earned RSUs will be made as soon as practicable after the date(s) determined
by the Committee and set forth in the Award Agreement. The Committee, in its sole discretion, may settle earned RSUs in cash,
Shares, or a combination of both. The Committee may also permit a Participant to defer payment under an RSU to a date or dates
after the RSU is earned, provided that the terms of the RSU and any deferral satisfy the requirements of Section 409A of
the Code to the extent applicable.


 


9.3.
Termination of Service. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such
date Participant’s Service terminates (unless determined otherwise by the Committee).


 


10.
PERFORMANCE AWARDS.


 


10.1.
Types of Performance Awards. A Performance Award is an award to an eligible Employee, Consultant, or Director of the
Company or any Parent, Subsidiary, or Affiliate that is based upon the attainment of performance goals, as established by the
Committee, and other terms and conditions specified by the Committee, and may be settled in cash, Shares (which may consist of,
without limitation, Restricted Stock), other property, or any combination thereof. Grants of Performance Awards will be made pursuant
to an Award Agreement.


 


(a)
Performance Shares. The Committee may grant Awards of Performance Shares, designate the Participants to whom Performance
Shares are to be awarded, and determine the number of Performance Shares and the terms and conditions of each such Award. Performance
Shares will consist of a unit valued by reference to a designated number of Shares, the value of which may be paid to the Participant
by delivery of Shares or, if set forth in the instrument evidencing the Award, of such property as the Committee will determine,
including, without limitation, cash, Shares, other property, or any combination thereof, upon the attainment of performance goals,
as established by the Committee, and other terms and conditions specified by the Committee. The amount to be paid under an Award
of Performance Shares may be adjusted on the basis of such further consideration as the Committee will determine in its sole discretion.


 






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(b) Performance
Units. The Committee may grant Awards of Performance Units, designate the Participants to whom Performance Units are to be
awarded, and determine the number of Performance Units and the terms and conditions of each such Award. Performance Units will
consist of a unit valued by reference to a designated amount of property other than Shares, which value may be paid to the Participant
by delivery of such property as the Committee will determine, including, without limitation, cash, Shares, other property, or
any combination thereof, upon the attainment of performance goals, as established by the Committee, and other terms and conditions
specified by the Committee.


 


(c) Cash-Settled
Performance Awards. The Committee may also grant cash-based Performance Awards to Participants under the terms of this Plan.
Such awards will be based on the attainment of performance goals using the Performance Factors within this Plan that are established
by the Committee for the relevant performance period.


 


10.2.
Terms of Performance Awards. The Committee will determine, and each Award Agreement will set forth, the terms of each
Performance Award including, without limitation: (a) the amount of any cash bonus, (b) the number of Shares deemed subject to
an award of Performance Shares, (c) the Performance Factors and Performance Period that will determine the time and extent to
which each award of Performance Shares will be settled, (d) the consideration to be distributed on settlement, and (e) the effect
of the Participant’s termination of Service on each Performance Award. In establishing Performance Factors and the Performance
Period the Committee will: (i) determine the nature, length, and starting date of any Performance Period; (ii) select from among
the Performance Factors to be used; and (iii) determine the number of Shares deemed subject to the award of Performance Shares.
Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant. Prior to settlement
the Committee will determine the extent to which Performance Awards have been earned. Performance Periods may overlap, and Participants
may participate simultaneously with respect to Performance Awards that are subject to different Performance Periods and different
performance goals and other criteria.


 


10.3.
Termination of Service. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on the
date Participant’s Service terminates (unless determined otherwise by the Committee).


 


11. CASH
AWARDS. A Cash Award (“Cash Award”) is an award that is denominated in, or payable to an eligible
Participant solely in, cash, as deemed by the Committee to be consistent with the purposes of the Plan. Cash Awards shall be subject
to the terms, conditions, restrictions, and limitations determined by the Committee, in its sole discretion, from time to time.
Awards granted pursuant to this Section 11 may be granted with value and payment contingent upon the achievement of Performance
Factors.


 


12. PAYMENT
FOR SHARE PURCHASES. Payment from a Participant for Shares purchased pursuant to this Plan may be made in cash or by check
or, where expressly approved for the Participant by the Committee and where permitted by law (and to the extent not otherwise
set forth in the applicable Award Agreement):


 


(a)
by cancellation of indebtedness of the Company to the Participant;


 







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(b) by
surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which said Award will be exercised or settled;


 


(c) by
waiver of compensation due or accrued to the Participant for services rendered or to be rendered to the Company or a Parent or
Subsidiary;


 


(d) by
consideration received by the Company pursuant to a broker-assisted or other form of cashless exercise program implemented by
the Company in connection with the Plan;


 


(e)
by any combination of the foregoing; or


 


(f)
by any other method of payment as is permitted by applicable law.


 


The
Committee may limit the availability of any method of payment, to the extent the Committee determines, in its discretion, such
limitation is necessary or advisable to comply with applicable law or facilitate the administration of the Plan.


 


13.
GRANTS TO NON-EMPLOYEE DIRECTORS.


 


13.1.
General. Non-Employee Directors are eligible to receive any type of Award offered under this Plan except ISOs. Awards
pursuant to this Section 13 may be automatically made pursuant to policy adopted by the Board or made from time to time
as determined in the discretion of the Board. No Non-Employee Director may receive Awards under the Plan that, when combined with
cash compensation received for service as a Non-Employee Director, exceed seven-hundred and fifty thousand dollars ($750,000)
in value (as described below) in any calendar year. The value of Awards for purposes of complying with this maximum will be determined
as follows: (a) for Options and SARs, grant date fair value will be calculated using the Black-Scholes valuation methodology on
the date of grant of such Option or SAR, and (b) for all other Awards other than Options and SARs, grant date fair value will
be determined by either (i) calculating the product of the Fair Market Value per Share on the date of grant and the aggregate
number of Shares subject to the Award, or (ii) calculating the product using an average of the Fair Market Value over a number
of trading days and the aggregate number of Shares subject to the Award as determined by the Committee. Awards granted to an individual
while he or she was serving in the capacity as an Employee or while he or she was a Consultant but not a Non-Employee Director
will not count for purposes of the limitations set forth in this Section 13.1.


 


13.2.
Eligibility. Awards pursuant to this Section 13 will be granted only to Non-Employee Directors. A Non-Employee
Director who is elected or re-elected as a member of the Board will be eligible to receive an Award under this Section 13.


 


13.3.
Vesting, Exercisability and Settlement. Except as set forth in Section 22, Awards will vest, become exercisable,
and be settled as determined by the Board. With respect to Options and SARs, the exercise price granted to Non-Employee Directors
will not be less than the Fair Market Value of the Shares at the time that such Option or SAR is granted.


 


13.4.
Election to Receive Awards in Lieu of Cash. A Non-Employee Director may elect to receive his or her annual retainer
payments and/or meeting fees from the Company in the form of cash or Awards or a combination thereof, if permitted, and as determined,
by the Committee. Such Awards will be issued under the Plan. An election under this Section 13.4 will be filed with the
Company on the form prescribed by the Company.


 






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14.
WITHHOLDING TAXES.





 





14.1.
Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan or a tax
event occurs, the Company may require the Participant to remit to the Company, or to the Parent, Subsidiary, or Affiliate, as
applicable, employing the Participant an amount sufficient to satisfy applicable U.S. federal, state, local, and international
tax or any other tax or social insurance liability (the “Tax-Related Items”) legally due from the Participant
prior to the delivery of Shares pursuant to exercise or settlement of any Award. Whenever payments in satisfaction of Awards granted
under this Plan are to be made in cash, such payment will be net of an amount sufficient to satisfy applicable withholding obligations
for Tax-Related Items. Unless otherwise determined by the Committee, the Fair Market Value of the Shares will be determined as
of the date that the taxes are required to be withheld and such Shares will be valued based on the value of the actual trade or,
if there is none, the Fair Market Value of the Shares as of the previous trading day.


 


14.2.
Stock Withholding. The Committee, or its delegate(s), as permitted by applicable law, in its sole discretion and pursuant
to such procedures as it may specify from time to time and to limitations of local law, may require or permit a Participant to
satisfy such Tax Related Items legally due from the Participant, in whole or in part by (without limitation) (a) paying cash,
(b) having the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the Tax-Related Items
to be withheld, (c) delivering to the Company already-owned shares having a Fair Market Value equal to the Tax-Related Items to
be withheld, or (d) withholding from the proceeds of the sale of otherwise deliverable Shares acquired pursuant to an Award either
through a voluntary sale or through a mandatory sale arranged by the Company. The Company may withhold or account for these Tax-Related
Items by considering applicable statutory withholding rates or other applicable withholding rates, including up to the maximum
permissible statutory tax rate for the applicable tax jurisdiction, to the extent consistent with applicable laws.


 


15.
TRANSFERABILITY.


 


15.1.
Transfer Generally. Unless determined otherwise by the Committee, an Award may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of descent or distribution. If the Committee makes
an Award transferable, including, without limitation, by instrument to an inter vivos or testamentary trust in which the Awards
are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift or by domestic relations order to a Permitted
Transferee, such Award will contain such additional terms and conditions as the Committee deems appropriate. All Awards will be
exercisable: (a) during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal
representative; (b) after the Participant’s death, by the legal representative of the Participant’s heirs or legatees;
and (c) in the case of all awards except ISOs, by a Permitted Transferee.


 


16.
PRIVILEGES OF STOCK OWNERSHIP; RESTRICTIONS ON SHARES.


 


16.1.
Voting and Dividends. No Participant will have any of the rights of a stockholder with respect to any Shares until
the Shares are issued to the Participant, except for any Dividend Equivalent Rights permitted by an applicable Award Agreement.
Any Dividend Equivalent Rights will be subject to the same vesting or performance conditions as the underlying Award. In addition,
the Committee may provide that any Dividend Equivalent Rights permitted by an applicable Award Agreement will be deemed to have
been reinvested in additional Shares or otherwise reinvested. After Shares are issued to the Participant, the Participant will
be a stockholder and have all the rights of a stockholder with respect to such Shares, including the right to vote and receive
all dividends or other distributions made or paid with respect to such Shares; provided, that if such Shares are Restricted
Stock, then any new, additional or different securities the Participant may become entitled to receive with respect to such Shares
by virtue of a stock dividend, stock split or any other change in the corporate or capital structure of the Company will be subject
to the same restrictions as the Restricted Stock; provided, further, that the Participant will have no right to
such stock dividends or stock distributions with respect to Unvested Shares, and any such dividends or stock distributions will
be accrued and paid only at such time, if any, as such Unvested Shares become vested Shares. The Committee, in its discretion,
may provide in the Award Agreement evidencing any Award that the Participant will be entitled to Dividend Equivalent Rights with
respect to the payment of cash dividends on Shares underlying an Award 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 Award is exercised or settled
or the date on which it is forfeited provided, that no Dividend Equivalent Right will be paid with respect to the Unvested
Shares, and such dividends or stock distributions will be accrued and paid only at such time, if any, as such Unvested Shares
become vested Shares. Such Dividend Equivalent Rights, if any, will be credited to the Participant in the form of additional whole
Shares as of the date of payment of such cash dividends on Shares.


 






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16.2.
Restrictions on Shares. At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s)
a right to repurchase (a “Right of Repurchase”) a portion of any or all Unvested Shares held by a Participant
following such Participant’s termination of Service at any time within ninety (90) days (or such longer or shorter time
determined by the Committee) after the later of the date Participant’s Service terminates and the date the Participant purchases
Shares under this Plan, for cash and/or cancellation of purchase money indebtedness, at the Participant’s Purchase Price
or Exercise Price, as the case may be.


 


17. CERTIFICATES.
All Shares or other securities whether or not certificated, delivered under this Plan will be subject to such stock transfer orders,
legends, and other restrictions as the Committee may deem necessary or advisable, including restrictions under any applicable
U.S. federal, state, or foreign securities law, or any rules, regulations, and other requirements of the SEC or any stock exchange
or automated quotation system upon which the Shares may be listed or quoted, and any non-U.S. exchange controls or securities
law restrictions to which the Shares are subject.


 


18. ESCROW;
PLEDGE OF SHARES. To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant
to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by the Committee,
appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions
have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates.
Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under
this Plan will be required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure
the payment of the Participant’s obligation to the Company under the promissory note, provided, however, that the Committee
may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any event, the
Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s
Shares or other collateral. In connection with any pledge of the Shares, the Participant will be required to execute and deliver
a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory
note may be released from the pledge on a pro rata basis as the promissory note is paid.


 


19. REPRICING;
EXCHANGE AND BUYOUT OF AWARDS. Without prior stockholder approval the Committee may (a) reprice Options or SARs (and where
such repricing is a reduction in the Exercise Price of outstanding Options or SARs, the consent of the affected Participants is
not required provided written notice is provided to them, notwithstanding any adverse tax consequences to them arising from the
repricing), and (b) with the consent of the respective Participants (unless not required pursuant to Section 5.9 of the
Plan), pay cash or issue new Awards in exchange for the surrender and cancellation of any, or all, outstanding Awards.


 






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20. SECURITIES
LAW AND OTHER REGULATORY COMPLIANCE. An Award will not be effective unless such Award is in compliance with all applicable
U.S. and foreign federal and state securities and exchange control and other laws, rules, and regulations of any governmental
body, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed or quoted,
as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any
other provision in this Plan, the Company will have no obligation to issue or deliver certificates for Shares under this Plan
prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable and/or
(b) completion of any registration or other qualification of such Shares under any state, federal, or foreign law or ruling of
any governmental body that the Company determines to be necessary or advisable. The Company will be under no obligation to register
the Shares with the SEC or to effect compliance with the registration, qualification, or listing requirements of any foreign or
state securities laws, exchange control laws, stock exchange, or automated quotation system, and the Company will have no liability
for any inability or failure to do so.


 


21. NO
OBLIGATION TO EMPLOY. Nothing in this Plan or any Award granted under this Plan will confer or be deemed to confer on
any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any Parent,
Subsidiary, or Affiliate or limit in any way the right of the Company or any Parent, Subsidiary, or Affiliate to terminate Participant’s
employment or other relationship at any time.


 


22.
CORPORATE TRANSACTIONS.


 


22.1.
Assumption or Replacement of Awards by Successor. In the event of a Corporate Transaction any or all outstanding Awards
may be (a) continued by the Company, if the Company is the successor entity; or (b) assumed or substituted by the successor corporation,
or a parent or subsidiary of the successor corporation, for substantially equivalent Awards (including, but not limited to, an
award to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction), in each
case after taking into account appropriate adjustments for the number and kind of shares and exercise prices. The successor corporation
may also issue, as replacement of outstanding Shares of the Company held by the Participant, substantially similar shares or other
property subject to repurchase restrictions no less favorable to the Participant. In the event such successor corporation refuses
to assume, substitute or replace any Award in accordance with this Section 22, then notwithstanding any other provision in this
Plan to the contrary, each such Award shall become fully vested and, as applicable, exercisable and any rights of repurchase or
forfeiture restrictions thereon shall lapse, immediately prior to the consummation of the Corporation Transaction. Performance
Awards not assumed pursuant to the foregoing shall be deemed earned and vested based on the greater of actual performance (if
determinable) or 100% of target level, unless otherwise indicated pursuant to the terms and conditions of the applicable Award
Agreement. The Board shall have full power and authority to assign the Company’s right to repurchase or re-acquire or forfeiture
rights to such successor or acquiring corporation. Awards need not be treated similarly in a Corporate Transaction.


 


22.2.
Assumption of Awards by the Company. The Company, from time to time, also may substitute or assume outstanding awards
granted by another company, whether in connection with an acquisition of such other company or otherwise, by either: (a) granting
an Award under this Plan in substitution of such other company’s award, or (b) assuming such award as if it had been granted
under this Plan if the terms of such assumed award could be applied to an Award granted under this Plan. Such substitution or
assumption will be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award
under this Plan if the other company had applied the rules of this Plan to such grant. In the event the Company assumes an award
granted by another company, the terms and conditions of such award will remain unchanged (except that the Purchase Price
or the Exercise Price, as the case may be, and the number and nature of Shares issuable upon exercise or settlement of any such
Award will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option
in substitution rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price.
Substitute Awards will not reduce the number of Shares authorized for grant under the Plan or authorized for grant to a Participant
in a calendar year.


 






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22.3.
Non-Employee Directors’ Awards. Notwithstanding any provision to the contrary herein, in the event of a Corporate
Transaction, the vesting of all Awards granted to Non-Employee Directors will accelerate and such Awards will become exercisable
(as applicable) in full prior to the consummation of such event at such times and on such conditions as the Committee determines.


 


23. ADOPTION
AND STOCKHOLDER APPROVAL. This Plan will be submitted for the approval of the Company’s stockholders, consistent
with applicable laws, within twelve (12) months before or after the date this Plan is adopted by the Board.


 


24. TERM
OF PLAN/GOVERNING LAW. Unless earlier terminated as provided herein, this Plan will become effective on the Effective
Date and will terminate ten (10) years from the date this Plan is adopted by the Board. This Plan and all Awards granted hereunder
will be governed by and construed in accordance with the laws of the State of Delaware (excluding its conflict of laws rules).


 


25. AMENDMENT
OR TERMINATION OF PLAN. The Board may at any time terminate or amend this Plan in any respect, including, without limitation,
amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan, provided, however, that the Board
will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder
approval. No termination or amendment of the Plan will affect any then-outstanding Award unless expressly provided by the Committee.
In any event, no termination or amendment of the Plan or any outstanding Award may adversely affect any then outstanding Award
without the consent of the Participant, unless such termination or amendment is necessary to comply with applicable law, regulation,
or rule.


 


26. NONEXCLUSIVITY
OF THE PLAN. Neither the adoption of this Plan by the Board, the submission of this Plan to the stockholders of the Company
for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt
such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock awards
and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific
cases.


 


27. INSIDER
TRADING POLICY. Each Participant who receives an Award will comply with any policy adopted by the Company from time to
time covering transactions in the Company’s securities by Employees, officers, and/or Directors of the Company, as well
as with any applicable insider trading or market abuse laws to which the Participant may be subject.


 


28. ALL
AWARDS SUBJECT TO COMPANY CLAWBACK OR RECOUPMENT POLICY. All Awards, subject to applicable law, will be subject to clawback
or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term
of Participant’s employment or other service with the Company that is applicable to officers, Employees, Directors or other
service providers of the Company, and in addition to any other remedies available under such policy and applicable law, may require
the cancellation of outstanding Awards and the recoupment of any gains realized with respect to Awards.


 






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29. DEFINITIONS.
As used in this Plan, and except as elsewhere defined herein, the following terms will have the following meanings:


 


29.1.
“Affiliate” means (a) any entity that, directly or indirectly, is controlled by, controls, or is
under common control with, the Company, and (b) any entity in which the Company has a significant equity interest, in either case
as determined by the Committee, whether now or hereafter existing.


 


29.2.
“Award” means any award under the Plan, including any Option, Performance Award, Cash Award, Restricted
Stock, Stock Bonus, Stock Appreciation Right, or Restricted Stock Unit.


 


29.3.
“Award Agreement” means, with respect to each Award, the written or electronic agreement between
the Company and the Participant setting forth the terms and conditions of the Award, and country-specific appendix thereto for
grants to non-U.S. Participants, which will be in substantially a form (which need not be the same for each Participant) that
the Committee (or in the case of Award agreements that are not used for Insiders, the Committee’s delegate(s)) has from
time to time approved, and will comply with and be subject to the terms and conditions of this Plan.


 


29.4. “Board”
means the Board of Directors of the Company.


 


29.5. “Cash
Award” means an award as defined in Section 11 and granted under the Plan.


 


29.6.
“Cause” means a determination by the Company (and in the case of Participant who is subject to Section
16 of the Exchange Act, the Committee) that the Participant has committed an act or acts constituting any of the following: (i)
dishonesty, fraud, misconduct or negligence in connection with Participant’s duties to the Company, (ii) unauthorized disclosure
or use of the Company’s confidential or proprietary information, (iii) misappropriation of a business opportunity of the
Company, (iv) materially aiding Company competitor, (v) a felony conviction, (vi) failure or refusal to attend to the duties or
obligations of the Participant’s position (vii) violation or breach of, or failure to comply with, the Company’s code
of ethics or conduct, any of the Company’s rules, policies or procedures applicable to the Participant or any agreement
in effect between the Company and the Participant or (viii) other conduct by such Participant that could be expected to be harmful
to the business, interests or reputation of the Company. The determination as to whether Cause for a Participant’s termination
exists will be made in good faith by the Company or Committee, as applicable, and will be final and binding on the Participant.
This definition does not in any way limit the Company’s or any Parent’s or Subsidiary’s ability to terminate
a Participant’s employment or services at any time as provided in Section 21 above. Notwithstanding the foregoing,
the foregoing definition of “Cause” may, in part or in whole, be modified or replaced if a definition of Cause is
set forth in such individual’s employment agreement, Award Agreement, or other applicable agreement with any Participant
that pertains to Awards under the Plan.


 


29.7.
“Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated
thereunder.


 


29.8.
“Committee” means the Compensation Committee of the Board or those persons to whom administration
of the Plan, or part of the Plan, has been delegated as permitted by law.


 


29.9. “Common
Stock” means the common stock of the Company.


 


29.10. “Company”
means Augmedix, Inc., a Delaware corporation, or any successor corporation.


 


29.11.
“Consultant” means any natural person, including an advisor or independent contractor, engaged by
the Company or a Parent, Subsidiary, or Affiliate to render services to such entity.


 






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29.12.
“Corporate Transaction” means the occurrence of any of the following events: (a) any “Person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined
in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the total voting power represented by the Company’s then-outstanding voting securities, provided, however, that
for purposes of this subclause (a) the acquisition of additional securities by any one Person who is considered to own more than
fifty percent (50%) of the total voting power of the securities of the Company will not be considered a Corporate Transaction;
(b) the consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; (c)
the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either
by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent
(50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding
immediately after such merger or consolidation; (d) any other transaction which qualifies as a “corporate transaction”
under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity interest in the Company (except
for the acquisition, sale or transfer of all or substantially all of the outstanding shares of capital stock of the Company),
or (e) a change in the effective control of the Company that occurs on the date that a majority of members of the Board is replaced
during any twelve (12) month period by members of the Board 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 purpose of this subclause (e), if any 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 Corporate Transaction. For purposes of this definition, Persons will be considered to be acting as a group if they
are owners of a corporation that enters into a merger, consolidation, purchase, or acquisition of stock, or similar business transaction
with the Company. Notwithstanding the foregoing, to the extent that any amount constituting deferred compensation (as defined
in Section 409A of the Code) would become payable under this Plan by reason of a Corporate Transaction, such amount will become
payable only if the event constituting a Corporate Transaction would also qualify as a change in ownership or effective control
of the Company or a change in the ownership of a substantial portion of the assets of the Company, each as defined within the
meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations
and IRS guidance that has been promulgated or may be promulgated thereunder from time to time.


 


29.13. “Director”
means a member of the Board.


 


29.14.
“Disability” means in the case of incentive stock options, total and permanent disability as defined
in Section 22(e)(3) of the Code and in the case of other Awards, that the Participant is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can
be expected to last for a continuous period of not less than twelve (12) months.


 


29.15.
“Dividend Equivalent Right” means the right of a Participant, granted at the discretion of the Committee
or as otherwise provided by the Plan, to receive a credit for the account of such Participant in an amount equal to the cash,
stock, or other property dividends in amounts equal equivalent to cash, stock, or other property dividends for each Share represented
by an Award held by such Participant.


 


29.16.
“Effective Date” means the day immediately prior to the Company’s IPO Registration Date, subject
to approval of the Plan by the Company’s stockholders.


 


29.17.
“Employee” means any person, including officers and Directors, providing services as an employee
to the Company or any Parent, Subsidiary, or Affiliate. Neither service as a Director nor payment of a director’s fee by
the Company will be sufficient to constitute “employment” by the Company.


 






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29.18.
“Exchange Act” means the United States Securities Exchange Act of 1934, as amended.


 


29.19.
“Exchange Program” means a program pursuant to which (a) outstanding Awards are surrendered, cancelled,
or exchanged for cash, the same type of Award, or a different Award (or combination thereof); or (b) the exercise price of an
outstanding Award is increased or reduced.


 


29.20.
“Exercise Price” means, with respect to an Option, the price at which a holder may purchase the
Shares issuable upon exercise of an Option and with respect to a SAR, the price at which the SAR is granted to the holder thereof.


 


29.21. “Fair
Market Value” means, as of any date, the value of a Share, determined as follows:


 


(a) if
such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination
on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The
Wall Street Journal or such other source as the Committee deems reliable;


 


(b) if
such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities exchange, the average
of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source
as the Committee deems reliable;


 


(c) in
the case of an Option or SAR grant made on the IPO Registration Date, the price per share at which Shares are initially offered
for sale to the public by the Company’s underwriters in the initial public offering of Shares as set forth in the Company’s
final prospectus included within the registration statement on Form S-1 filed with the SEC under the Securities Act; or


 


(d)
by the Board or the Committee in good faith.


 


29.22.
“Insider” means an officer or Director of the Company or any other person whose transactions in
the Company’s Common Stock are subject to Section 16 of the Exchange Act.


 


29.23.
“IPO Registration Date” means the date on which the Company’s registration statement on Form
S-1 in connection with its initial public offering of common stock is declared effective by the SEC under the Securities Act.


 


29.24. “IRS”
means the United States Internal Revenue Service.


 


29.25.
“Non-Employee Director” means a Director who is not an Employee of the Company or any Parent, Subsidiary,
or Affiliate.


 


29.26. “Option”
means an award of an option to purchase Shares pursuant to Section 5.


 


29.27.
“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending
with the Company if each of such corporations other than the Company owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain.


 


29.28. “Participant”
means a person who holds an Award under this Plan.


 






    18


     


    




 


29.29.
“Performance Award” means an Award as defined in Section 10 and granted under the Plan, the
payment of which is contingent upon achieving certain performance goals established by the Committee.


 


29.30.
“Performance Factors” means any of the factors selected by the Committee and specified in an Award
Agreement, from among the following measures, either individually, alternatively or in any combination, applied to the Company
as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP
basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether
the performance goals established by the Committee with respect to applicable Awards have been satisfied:


 


(a)
profit before tax;


 


(b)
billings;


 


(c)
revenue;


 


(d)
net revenue;


 


(e) earnings
(which may include earnings before interest and taxes, earnings before taxes, net earnings, stock-based compensation expenses,
depreciation, and amortization);


 


(f)
operating income;


 


(g)
operating margin;


 


(h)
operating profit;


 


(i)
controllable operating profit or net operating profit;


 


(j)
net profit;


 


(k)
gross margin;


 


(l)
operating expenses or operating expenses as a percentage of revenue;


 


(m)
net income;


 


(n)
earnings per share;


 


(o)
total stockholder return;


 


(p)
market share;


 


(q)
return on assets or net assets;


 


(r)
the Company’s stock price;


 


(s)
growth in stockholder value relative to a pre-determined index;


 


(t)
return on equity;


 






    19


     


    

 


(u)
return on invested capital;


 


(v)
cash flow (including free cash flow or operating cash flows);


 


(w)
cash conversion cycle;


 


(x)
economic value added;


 


(y)
individual confidential business objectives;


 


(z)
contract awards or backlog;


 


(aa)
overhead or other expense reduction;


 


(bb)
credit rating;


 


(cc)
strategic plan development and implementation;


 


(dd)
succession plan development and implementation;


 


(ee)
improvement in workforce diversity;


 


(ff)
customer indicators and/or satisfaction;


 


(gg)
new product invention or innovation;


 


(hh)
attainment of research and development milestones;


 


(ii)
improvements in productivity;


 


(jj)
bookings;


 


(kk)
attainment of objective operating goals and employee metrics;


 


(ll)
sales;


 


(mm)
expenses;


 


(nn)
balance of cash, cash equivalents, and marketable securities;


 


(oo)
completion of an identified special project;


 


(pp)
completion of a joint venture or other corporate transaction;


 


(qq)
employee satisfaction and/or retention;


 


(rr)
research and development expenses;


 


(ss)
working capital targets and changes in working capital; and


 


(tt)
any other metric that is capable of measurement as determined by the Committee.


 







    20


     


    

 


The
Committee may provide for one or more equitable adjustments to the Performance Factors to preserve the Committee’s original
intent regarding the Performance Factors at the time of the initial award grant, such as but not limited to, adjustments in recognition
of unusual or non-recurring items such as acquisition related activities or changes in applicable accounting rules. It is within
the sole discretion of the Committee to make or not make any such equitable adjustments.


 


29.31.
“Performance Period” means one or more periods of time, which may be of varying and overlapping
durations, as the Committee may select, over which the attainment of one or more Performance Factors will be measured for the
purpose of determining a Participant’s right to, and the payment of, a Performance Award.


 


29.32.
“Performance Share” means an Award as defined in Section 10 and granted under the Plan, the
payment of which is contingent upon achieving certain performance goals established by the Committee.


 


29.33.
“Performance Unit” means an Award as defined in Section 10 and granted under the Plan, the
payment of which is contingent upon achieving certain performance goals established by the Committee.


 


29.34.
“Permitted Transferee” means any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law
(including adoptive relationships) of the Employee, any person sharing the Employee’s household (other than a tenant or
employee), a trust in which these persons (or the Employee) have more than 50% of the beneficial interest, a foundation in which
these persons (or the Employee) control the management of assets, and any other entity in which these persons (or the Employee)
own more than 50% of the voting interests.


 


29.35. “Plan”
means this Augmedix, Inc., 2020 Equity Incentive Plan.


 


29.36.
“Purchase Price” means the price to be paid for Shares acquired under the Plan, other than Shares
acquired upon exercise of an Option or SAR.


 


29.37.
“Restricted Stock Award” means an Award as defined in Section 6 and granted under the Plan
or issued pursuant to the early exercise of an Option.


 


29.38.
“Restricted Stock Unit” means an Award as defined in Section 9 and granted under the Plan.


 


29.39. “SEC”
means the United States Securities and Exchange Commission.


 


29.40. “Securities
Act” means the United States Securities Act of 1933, as amended.


 






    21


     


    




 


29.41.
“Service” will mean service as an Employee, Consultant, Director, or Non-Employee Director, to the
Company or a Parent, Subsidiary, or Affiliate, subject to such further limitations as may be set forth in the Plan or the applicable
Award Agreement. An Employee will not be deemed to have ceased to provide Service in the case of (a) sick leave, (b) military
leave, or (c) any other leave of absence approved by the Company, provided that such leave is for a period of not more than ninety
(90) days unless reemployment upon the expiration of such leave is guaranteed by contract or statute. Notwithstanding anything
to the contrary, an Employee will not be deemed to have ceased to provide Service if a formal policy adopted from time to time
by the Company and issued and promulgated to employees in writing provides otherwise. In the case of any Employee on an approved
leave of absence or a reduction in hours worked (for illustrative purposes only, a change in schedule from that of full-time to
part-time), the Committee may make such provisions respecting suspension or modification of vesting of the Award while on leave
from the employ of the Company or a Parent, Subsidiary, or Affiliate or during such change in working hours as it may deem appropriate,
except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement.
In the event of military or other protected leave, if required by applicable laws, vesting will continue for the longest period
that vesting continues under any other statutory or Company approved leave of absence and, upon a Participant’s returning
from military leave, he or she will be given vesting credit with respect to Awards to the same extent as would have applied had
the Participant continued to provide Service to the Company throughout the leave on the same terms as he or she was providing
Service immediately prior to such leave. An employee will have terminated employment as of the date he or she ceases to provide
Service (regardless of whether the termination is in breach of local employment laws or is later found to be invalid) and employment
will not be extended by any notice period or garden leave mandated by local law, provided, however, that a change in status
from an Employee to a Consultant or Non-Employee Director (or vice versa) will not terminate the Participant’s Service,
unless determined by the Committee, in its discretion. The Committee will have sole discretion to determine whether a Participant
has ceased to provide Service and the effective date on which the Participant ceased to provide Service.


 


29.42.
“Shares” means shares of the Common Stock and the common stock of any successor entity of the Company.


 


29.43.
“Stock Appreciation Right” means an Award defined in Section 8 and granted under the Plan.


 


29.44. “Stock
Bonus” means an Award defined in Section 7 and granted under the Plan.


 


29.45.
“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing
fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such
chain.


 


29.46.
“Treasury Regulations” means regulations promulgated by the United States Treasury Department.


 


29.47.
“Unvested Shares” means Shares that have not yet vested or are subject to a right of repurchase
in favor of the Company (or any successor thereto).


 







    22


     


    

 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


NOTICE
OF STOCK OPTION GRANT


 


Unless
otherwise defined herein, the terms defined in the Augmedix, Inc. (the “Company”) 2020 Equity Incentive
Plan (the “Plan”) will have the same meanings in this Notice of Stock Option Grant and the electronic
representation of this Notice of Stock Option Grant established and maintained by the Company or a third party designated by the
Company (this “Notice”).


 


Name:


 


Address:


 


You
(the “Participant”) have been granted an option to purchase shares of Common Stock of the Company (the
“Option”) under the Plan subject to the terms and conditions of the Plan, this Notice, and the Stock
Option Award Agreement (the “Option Agreement”), including any applicable country-specific provisions
in any appendix attached hereto (the “Appendix”), which constitutes part of the Option Agreement.


 


	Grant Number:	 	 
	 	 	 
	Date of Grant:	 	 
	 	 	 
	Vesting Commencement Date:	 	 
	 	 	 
	Exercise Price per Share:	 	 
	 	 	 
	Total Number of Shares:	 	 
	 	 	 
	Type of Option:	 	Non-Qualified Stock
    Option
	 	 	 
	 	 	Incentive Stock Option
	 	 	 
	Expiration Date:	________ __, 20__; the Option expires
    earlier if Participant’s Service terminates earlier, as described in the Option
    Agreement.
	 	 
	Vesting Schedule:	Subject to the limitations set forth
    in this Notice, the Plan, and the Agreement, the Option will vest in accordance with
    the following schedule:  [insert applicable vesting schedule, which may include
    performance metrics]


 


By
accepting (whether in writing, electronically, or otherwise) the Option, Participant acknowledges and agrees to the following:


 


		1)	Participant
                                         understands that Participant’s Service with the Company or a Parent, Subsidiary,
                                         or Affiliate is for an unspecified duration, can be terminated at any time (i.e.,
                                         is “at-will”) except where otherwise prohibited by applicable law, and that
                                         nothing in this Notice, the Option Agreement, or the Plan changes the nature of that
                                         relationship. Participant acknowledges that the vesting of the Option pursuant to this
                                         Notice is subject to Participant’s continuing Service as an Employee, Director,
                                         or Consultant. Participant agrees and acknowledges that the Vesting Schedule may change
                                         prospectively in the event that Participant’s Service status changes between full-and
                                         part-time and/or in the event the Participant is on a leave of absence, in accordance
                                         with Company policies relating to work schedules and vesting of Awards or as determined
                                         by the Committee. Furthermore, the period during which Participant may exercise the Option
                                         after termination of Service, if any, will commence on the Termination Date (as defined
                                         in the Option Agreement).



 


		2)	This
                                         grant is made under and governed by the Plan, the Agreement, and this Notice, and this
                                         Notice is subject to the terms and conditions of the Agreement and the Plan, both of
                                         which are incorporated herein by reference. Participant has read the Notice, the Option
                                         Agreement and, the Plan.



 


		3)	Participant
                                         has read the Company’s Insider Trading Policy, and agrees to comply with such policy,
                                         as it may be amended from time to time, whenever Participant acquires or disposes of
                                         the Company’s securities.



 






     


     


    




 


		4)	By
                                         accepting the Option, Participant consents to electronic delivery and participation as
                                         set forth in the Option Agreement.



 


	PARTICIPANT	 	AUGMEDIX,
    INC.
	 	 	 
	Signature:	 	 	By:
	Print Name:	 	 	Its:	 





 







    2


     


    

 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


STOCK
OPTION AWARD AGREEMENT


 


Unless
otherwise defined in this Stock Option Award Agreement (this “Option Agreement”), any capitalized terms
used herein will have the same meaning ascribed to them in the Augmedix, Inc. 2020 Equity Incentive Plan (the “Plan”).


 


Participant
has been granted an option to purchase Shares (the “Option”) of Augmedix, Inc. (the “Company”),
subject to the terms, restrictions, and conditions of the Plan, the Notice of Stock Option Grant (the “Notice”),
and this Option Agreement, including any applicable country-specific provisions in any appendix attached hereto (the “Appendix”),
which constitutes part of this Option Agreement. In the event of a conflict between the terms and conditions of the Plan and the
terms and conditions of the Notice or this Option Agreement, the terms and conditions of the Plan will prevail.


 


1. Vesting
Rights. Subject to the applicable provisions of the Plan and this Option Agreement, the Option may be exercised, in whole
or in part, in accordance with the Vesting Schedule set forth in the Notice. Participant acknowledges and agrees that the Vesting
Schedule may change prospectively in the event Participant’s Service status changes between full and part-time and/or in
the event Participant is on a leave of absence, in accordance with Company policies relating to work schedules and vesting of
Awards or as determined by the Committee. Participant acknowledges that the vesting of the Option pursuant to this Notice and
Agreement is subject to Participant’s continuing Service as an Employee, Director, or Consultant.


 


2. Grant
of Option. Participant has been granted an Option for the number of Shares set forth in the Notice at the exercise price
per Share in U.S. Dollars set forth in the Notice (the “Exercise Price”). If designated in the Notice
as an Incentive Stock Option (“ISO”), the Option is intended to qualify as an Incentive Stock Option
under Section 422 of the Code. However, if the Option is intended to be an ISO, to the extent that it exceeds the U.S. $100,000
rule of Code Section 422(d) it will be treated as a Nonqualified Stock Option (“NSO”).


 


3.
Termination Period.


 


(a) General
Rule. If Participant’s Service terminates for any reason except death or Disability, and other than for Cause, then
the Option will expire at the close of business at Company headquarters on the date three (3) months after Participant’s
Termination Date (as defined below) (or such shorter time period not less than thirty (30) days or longer time period as may be
determined by the Committee, with any exercise beyond three (3) months after the date Participant’s Service terminates deemed
to be the exercise of an NSO). The Company determines when Participant’s Service terminates for all purposes under this
Option Agreement.


 


(b) Death;
Disability. If Participant dies before Participant’s Service terminates (or Participant dies within three (3) months
of Participant’s termination of Service other than for Cause), then the Option will expire at the close of business at Company
headquarters on the date twelve (12) months after the date of death (or such shorter time period not less than six (6) months
or longer time period as may be determined by the Committee, subject to the expiration details in Section 7). If Participant’s
Service terminates because of Participant’s Disability, then the Option will expire at the close of business at Company
headquarters on the date twelve (12) months after Participant’s Termination Date (or such shorter time period not less than
six (6) months or longer time period as may be determined by the Committee, subject to the expiration details in Section 7).


 






    1


     


    




 


(c)
Cause. Unless otherwise determined by the Committee, the Option (whether or not vested) will terminate immediately upon
the Participant’s cessation of Services if the Company reasonably determines in good faith that such cessation of Services
has resulted in connection with an act or failure to act constituting Cause (or the Participant’s Services could have been
terminated for Cause (without regard to the lapsing of any required notice or cure periods in connection therewith) at the time
the Participant terminated Services).


 


(d) No
Notification of Exercise Periods. Participant is responsible for keeping track of these exercise periods following Participant’s
termination of Service for any reason. The Company will not provide further notice of such periods. In no event will the Option
be exercised later than the Expiration Date set forth in the Notice.


 


(e)
Termination. For purposes of this Option, Participant’s Service will be considered terminated as of the date Participant
is no longer providing Services to the Company, its Parent or one of its Subsidiaries or Affiliates (regardless of the reason
for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant
is employed or the terms of Participant’s employment agreement, if any) (the “Termination Date”).
The Committee will have the exclusive discretion to determine when Participant is no longer actively providing services for purposes
of Participant’s Option (including whether Participant may still be considered to be providing services while on an approved
leave of absence). Unless otherwise provided in this Option Agreement or determined by the Company, Participant’s right
to vest in this Option under the Plan, if any, will terminate as of the Termination Date and will not be extended by any notice
period (e.g., Participant’s period of services would not include any contractual notice period or any period of “garden
leave” or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of
Participant’s employment agreement, if any). Following the Termination Date, Participant may exercise the Option only as
set forth in the Notice and this Section, provided that the period (if any) during which Participant may exercise the Option after
the Termination Date, if any, will commence on the date Participant ceases to provide services and will not be extended by any
notice period mandated under employment laws in the jurisdiction where Participant is employed or terms of Participant’s
employment agreement, if any. If Participant does not exercise this Option within the termination period set forth in the Notice
or the termination periods set forth above, the Option will terminate in its entirety. In no event, may any Option be exercised
after the Expiration Date of the Option as set forth in the Notice.


 


4.
Exercise of Option.


 


(a) Right
to Exercise. The Option is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice and
the applicable provisions of the Plan and this Option Agreement. In the event of Participant’s death, Disability, termination
for Cause, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan,
the Notice, and this Option Agreement. The Option may not be exercised for a fraction of a Share.


 


(b)
Method of Exercise. The Option is exercisable by delivery of an exercise notice in a form specified by the Company (the
“Exercise Notice”), which will state the election to exercise the Option, the number of Shares in respect
of which the Option is being exercised (the “Exercised Shares”), and such other representations and
agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be delivered in
person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person
designated by the Company. The Exercise Notice will be accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares together with any applicable Tax-Related Items (as defined in Section 8 below). The Option will be deemed to be exercised
upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and payment of
any applicable Tax-Related Items. No Shares will be issued pursuant to the exercise of the Option unless such issuance and exercise
complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares
are then listed. Assuming such compliance, for United States income tax purposes the Exercised Shares will be considered transferred
to Participant on the date the Option is exercised with respect to such Exercised Shares.


 






    2


     


    




 


(c) Exercise
by Another. If another person wants to exercise the Option after it has been transferred to him or her in compliance with
this Option Agreement, that person must prove to the Company’s satisfaction that he or she is entitled to exercise the Option.
That person must also complete the proper Exercise Notice form (as described above) and pay the Exercise Price (as described below)
and any applicable Tax-Related Items (as described below).


 


5. Method
of Payment. Payment of the aggregate Exercise Price will be by any of the following, or a combination thereof, at the
election of Participant:


 


(a)
Participant’s personal check (or readily available funds), wire transfer, or a cashier’s check;


 


(b) certificates
for shares of Company stock that Participant owns, along with any forms needed to effect a transfer of those shares to the Company;
the value of the shares, determined as of the effective date of the Option exercise, will be applied to the Exercise Price. Instead
of surrendering shares of Company stock, Participant may attest to the ownership of those shares on a form provided by the Company
and have the same number of shares subtracted from the Option shares issued to Participant. However, Participant may not surrender,
or attest to the ownership of, shares of Company stock in payment of the Exercise Price of Participant’s Option if Participant’s
action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option
for financial reporting purposes;


 


(c) cashless
exercise through irrevocable directions to a securities broker approved by the Company to sell all or part of the Shares covered
by the Option and to deliver to the Company from the sale proceeds an amount sufficient to pay the Exercise Price and any applicable
Tax-Related Items. The balance of the sale proceeds, if any, will be delivered to Participant. The directions must be given by
signing a special notice of exercise form provided by the Company; or


 


(d)
other method authorized by the Company;


 


provided,
however, that the Company may restrict the available methods of payment due to facilitate compliance with applicable law or administration
of the Plan. In particular, if Participant is located outside the United States, Participant should review the applicable provisions
of the Appendix for any such restrictions that may currently apply.


 


6. Non-Transferability
of Option. The Option may not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of other than
by will or by the laws of descent or distribution or court order and may be exercised during the lifetime of Participant only
by Participant or unless otherwise permitted by the Committee on a case-by-case basis. The terms of the Plan and this Option Agreement
will be binding upon the executors, administrators, heirs, successors, and assigns of Participant.


 


7. Term
of Option. The Option will in any event expire on the expiration date set forth in the Notice, which date is ten (10)
years after the Date of Grant (five (5) years after the Date of Grant if this option is designated as an ISO in the Notice of
Stock Option Grant and Section 5.3 of the Plan applies).


 






    3


     


    




 


8.
Taxes.


 


(a)
Responsibility for Taxes. Participant acknowledges that, regardless of any action taken by the Company or, if different,
a Parent, Subsidiary, or Affiliate employing or retaining Participant (the “Employer”), the ultimate
liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account, or other tax related items
related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”)
is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer,
if any. Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding
the treatment of any Tax-Related Items in connection with any aspect of this Option, including, but not limited to, the grant,
vesting, or exercise of this Option; the subsequent sale of Shares acquired pursuant to such exercise; and the receipt of any
dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of this Option
to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if Participant
is subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that the Company and/or the Employer (or
former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. PARTICIPANT
SHOULD CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED IN THE COUNTRY OR COUNTRIES IN WHICH PARTICIPANT RESIDES OR IS SUBJECT TO
TAXATION.


 


(b) Withholding.
Prior to any relevant taxable or tax withholding event, as applicable, Participant agrees to make arrangements satisfactory
to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or
the Employer, or their respective agents, at their discretion, to satisfy any withholding obligations for Tax-Related Items by
one or a combination of the following, all under such rules as may be established by the Committee and in compliance with the
Company’s Insider Trading Policy and 10b5-1 Trading Plan Policy, if applicable:


 


		(i)	withholding
                                         from Participant’s wages or other cash compensation paid to Participant by the
                                         Company and/or the Employer; or



 


		(ii)	withholding
                                         from proceeds of the sale of Shares acquired at exercise of this Option either through
                                         a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s
                                         behalf pursuant to this authorization and without further consent);



 


		(iii)	withholding
                                         Shares to be issued upon exercise of the Option, provided the Company only withholds
                                         the number of Shares necessary to satisfy no more than the maximum applicable statutory
                                         withholding amounts;



 


		(iv)	Participant’s
                                         payment of a cash amount (including by check representing readily available funds or
                                         a wire transfer); or



 


		(v)	any
                                         other arrangement approved by the Committee and permitted under applicable law;



 


provided,
however, that if Participant is a Section 16 officer of the Company under the Exchange Act, then the Committee (as constituted
in accordance with Rule 16b-3 of the Exchange Act) shall establish the method of withholding from alternatives (i) – (v)
above prior to the Tax-Related Items withholding event.


 


Depending
on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable statutory withholding
rates or other applicable withholding rates, including up to the maximum permissible statutory rate for Participant’s tax
jurisdiction(s) in which case Participant will have no entitlement to the equivalent amount in Shares and will receive a refund
of any over-withheld amount in cash in accordance with applicable law. If the obligation for Tax-Related Items is satisfied by
withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Exercised Shares; notwithstanding
that a number of the Shares are held back solely for the purpose of satisfying the withholding obligation for Tax-Related Items.


 


Finally,
Participant agrees to pay to the Company and/or the Employer any amount of Tax-Related Items that the Company and/or the
Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot
be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the
sale of Shares, if Participant fails to comply with Participant’s obligations in connection with the Tax-Related
Items.


 






    4


     


    




 


(c) Notice
of Disqualifying Disposition of ISO Shares. If Participant is subject to Tax-Related Items in the United States and sells
or otherwise disposes of any of the Shares acquired pursuant to an ISO on or before the later of (i) two (2) years after the grant
date, or (ii) one (1) year after the exercise date, Participant will immediately notify the Company in writing of such disposition.
Participant agrees that he or she may be subject to income tax withholding by the Company on the compensation income recognized
from such early disposition of ISO Shares by payment in cash or out any wages or other cash compensation paid to Participant by
the Company and/or the Employer.


 


9.
Nature of Grant. By accepting the Option, Participant acknowledges, understands and agrees that:


 


(a) the
Plan is established voluntarily by the Company, it is discretionary in nature, and it may be modified, amended, suspended or terminated
by the Company at any time, to the extent permitted by the Plan;


 


(b) the
grant of the Option is exceptional, voluntary, and occasional, and does not create any contractual or other right to receive future
grants of options, or benefits in lieu of options, even if options have been granted in the past;


 


(c) all
decisions with respect to future options or other grants, if any, will be at the sole discretion of the Company;


 


(d)
Participant is voluntarily participating in the Plan;


 


(e) the
Option and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming or
amending an employment or service contract with the Company or the Employer, and will not interfere with the ability of the Company
or the Employer, as applicable, to terminate Participant’s employment or service relationship (if any);


 


(f) the
Option and the Shares subject to the Option, and the income and value of same, are not intended to replace any pension rights
or compensation;


 


(g) the
Option and the Shares subject to the Option, and the income and value of same, are not part of normal or expected compensation
for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, pension or retirement, or welfare benefits or similar payments;


 


(h) unless
otherwise agreed with the Company, the Option, and the Shares subject to the Option, and the income and value of same, are not
granted as consideration for, or in connection with, the service Participant may provide as a director of a Parent, Subsidiary,
or Affiliate;


 


(i) the
future value of the Shares underlying the Option is unknown, indeterminable, and cannot be predicted with certainty; if the underlying
Shares do not increase in value, the Option will have no value; if Participant exercises the Option and acquires Shares, the value
of such Shares may increase or decrease, even below the Exercise Price;


 


(j)
no claim or entitlement to compensation or damages will arise from forfeiture of the Option resulting from Participant’s
termination of Service (regardless of the reason for such termination and whether or not later found to be invalid or in breach
of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment agreement,
if any), and in consideration of the grant of the Option to which Participant is otherwise not entitled, Participant irrevocably
agrees never to institute any claim against the Employer, the Company, and any Parent, Subsidiary, or Affiliate; waives his or
her ability, if any, to bring any such claim; and releases the Employer, the Company, and any Parent, Subsidiary, or Affiliate
from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then,
by participating in the Plan, Participant will be deemed irrevocably to have agreed not to pursue such claim and agrees to execute
any and all documents necessary to request dismissal or withdrawal of such claim;


 






    5


     


    




 


(k) unless
otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Option Agreement
do not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be
exchanged, cashed out or substituted for, in connection with any Corporate Transaction affecting the Shares; and


 


(l) neither
the Employer, the Company, or any Parent, Subsidiary or Affiliate will be liable for any foreign exchange rate fluctuation between
Participant’s local currency and the United States Dollar that may affect the value of the Option or of any amounts due
to Participant pursuant to the exercise of the Option or the subsequent sale of any Shares acquired upon exercise.


 


(m)
the following provisions apply only if Participant is providing services outside the United States:


 


		(i)	the
                                         Option and the Shares subject to the Option are not part of normal or expected compensation
                                         or salary for any purpose; and



 


		(ii)	Participant
                                         acknowledges and agrees that neither the Company, the Employer nor any Parent or Subsidiary
                                         or Affiliate will be liable for any foreign exchange rate fluctuation between Participant’s
                                         local currency and the United States Dollar that may affect the value of the Option or
                                         of any amounts due to Participant pursuant to the exercise of the Option or the subsequent
                                         sale of any Shares acquired upon exercised



 


10. No
Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any
recommendations regarding Participant’s participation in the Plan or Participant’s acquisition or sale of the underlying
Shares. Participant acknowledges, understands, and agrees that he or she should consult with his or her own personal tax, legal,
and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.


 


11. Data
Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of Participant’s personal data as described in this Option Agreement and any other Option grant materials
by and among, as applicable, the Employer, the Company and any Parent, Subsidiary or Affiliate for the exclusive purpose of implementing,
administering and managing Participant’s participation in the Plan.


 


Participant
understands that the Company and the Employer may hold certain personal information about Participant, including, but not limited
to, Participant’s name, home address, email address and telephone number, date of birth, social insurance number, passport
number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company,
details of all Options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding
in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan.


 






    6


     


    




 


Participant
understands that Data will be transferred to the stock plan service provider as may be designated by the Company from time to
time or its affiliates or such other stock plan service provider as may be selected by the Company in the future, which is assisting
the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of
the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting his or her local human resources representative. Participant authorizes the Company, the stock plan service provider
as may be designated by the Company from time to time, and its affiliates, and any other possible recipients which may assist
the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain
and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or her
participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer
and manage Participant’s participation in the Plan. Participant understands that if he or she resides outside the United
States, he or she may, at any time, view Data, request additional information about the storage and processing of Data, require
any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing
his or her local human resources representative. Further, Participant understands that he or she is providing the consents herein
on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, his
or her employment status or service and career with the Employer will not be adversely affected; the only adverse consequence
of refusing or withdrawing Participant’s consent is that the Company would not be able to grant Participant options or other
equity awards or administer or maintain such awards. Therefore, Participant understands that refusing or withdrawing his or her
consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s
refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources
representative.


 


12. Language.
If Participant has received this Option Agreement, or any other document related to the Option and/or the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English
version will control.


 


13. Appendix.
Notwithstanding any provisions in this Option Agreement, the Option will be subject to any special terms and conditions set
forth in any Appendix to this Option Agreement for Participant’s country. Moreover, if Participant relocates to one of the
countries included in the Appendix, the special terms and conditions for such country will apply to Participant, to the extent
the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative
reasons. The Appendix constitutes part of this Option Agreement.


 


14. Imposition
of Other Requirements. The Company reserves the right to impose other requirements on Participant’s participation
in the Plan, on the Option, and on any Shares purchased upon exercise of the Option, to the extent the Company determines it is
necessary or advisable for legal or administrative reasons, and to require Participant to sign any additional agreements or undertakings
that may be necessary to accomplish the foregoing.


 


15. Acknowledgement.
The Company and Participant agree that the Option is granted under and governed by the Notice, this Option Agreement and the
Plan (incorporated herein by reference). Participant: (a) acknowledges receipt of a copy of the Plan and the Plan prospectus,
(b) represents that Participant has carefully read and is familiar with their provisions, and (c) hereby accepts the Option subject
to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice.


 


16. Entire
Agreement; Enforcement of Rights. This Option Agreement, the Plan, and the Notice constitute the entire agreement and
understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior
agreements, commitments, or negotiations concerning the purchase of the Shares hereunder are superseded. No adverse modification
of, or adverse amendment to, this Option Agreement, nor any waiver of any rights under this Option Agreement, will be effective
unless in writing and signed by the parties to this Option Agreement (which writing and signing may be electronic). The failure
by either party to enforce any rights under this Option Agreement will not be construed as a waiver of any rights of such party.


 






    7


     


    

 





17. Compliance
with Laws and Regulations. The issuance of Shares and the sale of Shares will be subject to and conditioned upon compliance
by the Company and Participant with all applicable state, federal, local and foreign laws and regulations and with all applicable
requirements of any stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at
the time of such issuance or transfer. Participant understands that the Company is under no obligation to register or qualify
the Common Stock with any state, federal, or foreign securities commission or to seek approval or clearance from any governmental
authority for the issuance or sale of the Shares. Further, Participant agrees that the Company will have unilateral authority
to amend the Plan and this Option Agreement without Participant’s consent to the extent necessary to comply with securities
or other laws applicable to issuance of Shares. Finally, the Shares issued pursuant to this Option Agreement will be endorsed
with appropriate legends, if any, determined by the Company.


 


18. Severability.
If one or more provisions of this Option Agreement are held to be unenforceable under applicable law, the parties agree to
renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (a) such provision will be excluded from this Option Agreement, (b) the balance of this Option Agreement
will be interpreted as if such provision were so excluded and (c) the balance of this Option Agreement will be enforceable in
accordance with its terms.


 


19. Governing
Law and Venue. This Option Agreement and all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto will be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving
effect to such state’s conflict of laws rules.


 


Any
and all disputes relating to, concerning or arising from this Option Agreement, or relating to, concerning or arising from the
relationship between the parties evidenced by the Plan or this Option Agreement, will be brought and heard exclusively in the
United States District Court for the District of Delaware or any state court in New Castle County, Delaware. Each of the parties
hereby represents and agrees that such party is subject to the personal jurisdiction of said courts; hereby irrevocably consents
to the jurisdiction of such courts in any legal or equitable proceedings related to, concerning, or arising from such dispute,
and waives, to the fullest extent permitted by law, any objection which such party may now or hereafter have that the laying of
the venue of any legal or equitable proceedings related to, concerning, or arising from such dispute which is brought in such
courts is improper or that such proceedings have been brought in an inconvenient forum.


 


20. No
Rights as Employee, Director or Consultant. Nothing in this Option Agreement will affect in any manner whatsoever any
right or power of the Employer or the Company to terminate Participant’s Service, for any reason, with or without Cause.


 






    8


     


    




 


21.
Consent to Electronic Delivery of All Plan Documents and Disclosures. By Participant’s acceptance of the Notice
(whether in writing or electronically), Participant and the Company agree that the Option is granted under and governed by the
terms and conditions of the Plan, the Notice, and this Option Agreement. Participant has reviewed the Plan, the Notice, and this
Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Notice and Agreement,
and fully understands all provisions of the Plan, the Notice, and this Option Agreement. Participant hereby agrees to accept as
binding, conclusive, and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the
Notice, and this Option Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence
address. By acceptance of the Option, Participant agrees to participate in the Plan through an on-line or electronic system established
and maintained by the Company or a third party designated by the Company and consents to the electronic delivery of the Notice,
this Option Agreement, the Plan, account statements, Plan prospectuses required by the U.S. Securities and Exchange Commission,
U.S. financial reports of the Company, and all other documents that the Company is required to deliver to its security holders
(including, without limitation, annual reports and proxy statements), or other communications or information related to the Option
and current or future participation in the Plan. Electronic delivery may include the delivery of a link to the Company intranet
or the internet site of a third party involved in administering the Plan, the delivery of the document via e-mail, or such other
delivery determined at the Company’s discretion. Participant acknowledges that Participant may receive from the Company
a paper copy of any documents delivered electronically at no cost if Participant contacts the Company by telephone, through a
postal service, or electronic mail to Stock Administration. Participant further acknowledges that Participant will be provided
with a paper copy of any documents delivered electronically if electronic delivery fails; similarly, Participant understands that
Participant must provide on request to the Company or any designated third party a paper copy of any documents delivered electronically
if electronic delivery fails. Also, Participant understands that Participant’s consent may be revoked or changed, including
any change in the electronic mail address to which documents are delivered (if Participant has provided an electronic mail address),
at any time by notifying the Company of such revised or revoked consent by telephone, postal service, or electronic mail to Stock
Administration. Finally, Participant understands that Participant is not required to consent to electronic delivery if local laws
prohibit such consent.


 


22. Insider
Trading Restrictions/Market Abuse Laws. Participant acknowledges that, depending on Participant’s country, Participant
may be subject to insider trading restrictions and/or market abuse laws, which may affect Participant’s ability to acquire
or sell the Shares or rights to Shares under the Plan during such times as Participant is considered to have “inside information”
regarding the Company (as defined by the laws in Participant’s country). Any restrictions under these laws or regulations
are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.
Participant acknowledges that it is Participant’s responsibility to comply with any applicable restrictions and understands
that Participant should consult his or her personal legal advisor on such matters. In addition, Participant acknowledges that
he or she has read the Company’s Insider Trading Policy, and agrees to comply with such policy, as it may be amended from
time to time, whenever Participant acquires or disposes of the Company’s securities.


 


23. Award
Subject to Company Clawback or Recoupment. To the extent permitted by applicable law, the Option will be subject to clawback
or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term
of Participant’s employment or other Service that is applicable to Participant. In addition to any other remedies available
under such policy and applicable law, the Company may require the cancellation of Participant’s Option (whether vested or
unvested) and the recoupment of any gains realized with respect to Participant’s Option.


 


BY
ACCEPTING THIS OPTION, PARTICIPANT AGREES TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.


 






    9


     


    




 


APPENDIX


 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


STOCK
OPTION AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


Terms
and Conditions


 


This
Appendix includes additional terms and conditions that govern the Option granted to Participant under the Plan if Participant
resides and/or works in one of the countries below. This Appendix forms part of the Option Agreement. Any capitalized term used
in this Appendix without definition will have the meaning ascribed to it in the Notice, the Option Agreement, or the Plan, as
applicable.


 


If
Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working, or Participant transfers employment and/or residency between countries after the Date of Grant, the Company
will, in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to Participant
under these circumstances.


 


Notifications


 


This
Appendix also includes information relating to exchange control, securities laws, foreign asset/account reporting, and other issues
of which Participant should be aware with respect to Participant’s participation in the Plan. The information is based on
the securities, exchange control, foreign asset/account reporting, and other laws in effect in the respective countries as of
________. Such laws are complex and change frequently. As a result, Participant should not rely on the information herein as the
only source of information relating to the consequences of Participant’s participation in the Plan because the information
may be out of date at the time that Participant exercises the Option, sells Shares acquired under the Plan, or takes any other
action in connection with the Plan.


 


In
addition, the information is general in nature and may not apply to Participant’s particular situation, and the Company
is not in a position to assure Participant of any particular result. Accordingly, Participant should seek appropriate professional
advice as to how the relevant laws in Participant’s country may apply to Participant’s situation.


 


Finally,
if Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working and/or residing, or Participant transfers employment and/or residency after the Date of Grant, the information
contained herein may not apply to Participant in the same manner.


 






    10


     


    

 


APPENDIX


 


AUGMEDIX,
INC.





2020
EQUITY INCENTIVE PLAN


STOCK
OPTION AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


None


 






    11


     


    




 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


NOTICE
OF RESTRICTED STOCK UNIT AWARD


 


Unless
otherwise defined herein, the terms defined in the Augmedix, Inc. (the “Company”) 2020 Equity Incentive
Plan (the “Plan”) will have the same meanings in this Notice of Restricted Stock Unit Award and the
electronic representation of this Notice of Restricted Stock Unit Award established and maintained by the Company or a third party
designated by the Company (this “Notice”).


 


Name:


 


Address:


 


You
(the “Participant”) have been granted an award of Restricted Stock Units (“RSUs”)
under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Restricted Stock Unit Award Agreement
(the “Agreement”), including any applicable country-specific provisions in any appendix attached hereto
(the “Appendix”), which constitutes part of the Agreement.


 


Grant
Number:


 


Number
of RSUs:


 


Date
of Grant:


 


Vesting
Commencement Date:


 





	 	Expiration Date:	The earlier to occur of: (a) the date on which settlement of all RSUs granted hereunder occurs, and (b) the tenth anniversary of the Date of Grant. This RSU expires earlier if Participant’s Service terminates earlier, as described in the Agreement.
	 	 	 
	 	Vesting Schedule:	Subject to the limitations set forth in this Notice, the Plan, and the Agreement, the RSUs will vest in accordance with the following schedule: [insert applicable vesting schedule, which may include performance metrics]


  


By
accepting (whether in writing, electronically or otherwise) the RSUs, Participant acknowledges and agrees to the following:


 


		1)	Participant
                                         understands that Participant’s Service with the Company or a Parent, Subsidiary,
                                         or Affiliate is for an unspecified duration, can be terminated at any time (i.e.,
                                         is “at-will”), except where otherwise prohibited by applicable law, and that
                                         nothing in this Notice, the Agreement, or the Plan changes the nature of that relationship.
                                         Participant acknowledges that the vesting of the RSUs pursuant to this Notice is subject
                                         to Participant’s continuing Service as an Employee, Director or Consultant. Participant
                                         agrees and acknowledges that the Vesting Schedule may change prospectively in the event
                                         that Participant’s Service status changes between full- and part-time and/or in
                                         the event the Participant is on a leave of absence, in accordance with Company policies
                                         relating to work schedules and vesting of Awards or as determined by the Committee.



 


		2)	This
                                         grant is made under and governed by the Plan, the Agreement, and this Notice, and this
                                         Notice is subject to the terms and conditions of the Agreement and the Plan, both of
                                         which are incorporated herein by reference. Participant has read the Notice, the Agreement,
                                         and the Plan.



 


		3)	Participant
                                         has read the Company’s Insider Trading Policy, and agrees to comply with such policy,
                                         as it may be amended from time to time, whenever Participant acquires or disposes of
                                         the Company’s securities.



 




     


     


    

 





		4)	By
                                         accepting the RSUs, Participant consents to electronic delivery and participation as
                                         set forth in the Agreement.





 


	PARTICIPANT	 	AUGMEDIX,
    INC.
	 	 	 
	Signature:	          	 	By:	           
	Print Name:	 	 	Its:	 
	 	 	 	 	 


 







    2


     


    

 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


RESTRICTED
STOCK UNIT AWARD AGREEMENT


 


Unless
otherwise defined in this Restricted Stock Unit Award Agreement (this “Agreement”), any capitalized
terms used herein will have the same meaning ascribed to them in the Augmedix, Inc. 2020 Equity Incentive Plan (the “Plan”).


 


Participant
has been granted Restricted Stock Units (“RSUs”) subject to the terms, restrictions, and conditions
of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”), and this Agreement, including
any applicable country-specific provisions in any appendix attached hereto (the “Appendix”), which constitutes
part of this Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of
the Notice or this Agreement, the terms and conditions of the Plan will prevail.


 


1. Settlement.
Settlement of RSUs will be made within thirty (30) days following the applicable date of vesting under the Vesting Schedule
set forth in the Notice. Settlement of RSUs will be in Shares. No fractional RSUs or rights for fractional Shares will be created
pursuant to this Agreement.


 


2. No
Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested RSUs, Participant will have
no ownership of the Shares allocated to the RSUs and will have no rights to dividends or to vote such Shares.


 


3. Dividend
Equivalents. Dividends, if any (whether in cash or Shares), will not be credited to Participant.


 


4. Non-Transferability
of RSUs. The RSUs and any interest therein will not be sold, assigned, transferred, pledged, hypothecated, or otherwise
disposed of in any manner other than by will or by the laws of descent or distribution or court order or unless otherwise permitted
by the Committee on a case-by-case basis.


 


5.
Termination; Leave of Absence; Change in Status. If Participant’s Service terminates for any reason, all unvested
RSUs will be forfeited to the Company immediately, and all rights of Participant to such RSUs automatically terminate without
payment of any consideration to Participant. Participant’s Service will be considered terminated as of the date Participant
is no longer providing services (regardless of the reason for such termination and whether or not later found to be invalid or
in breach of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment
agreement, if any) and will not, subject to the laws applicable to Participant’s Award, be extended by any notice period
mandated under local laws (e.g., Service would not include a period of “garden leave” or similar period). Participant
acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant’s service status changes
between full- and part-time status and/or in the event Participant is on an approved leave of absence in accordance the Company’s
policies relating to work schedules and vesting of awards or as determined by the Committee. Participant acknowledges that the
vesting of the Shares pursuant to this Notice and Agreement is subject to Participant’s continued Service. In case of any
dispute as to whether termination of Service has occurred, the Committee will have sole discretion to determine whether such termination
of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be
providing services while on an approved leave of absence).


 






     


     


    




 


6.
Taxes.


 


(a) Responsibility
for Taxes. Participant acknowledges that, regardless of any action taken by the Company or, if different, a Parent, Subsidiary
or Affiliate employing or retaining Participant (the “Employer”), the ultimate liability for all income
tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Participant’s
participation in the Plan and legally applicable to Participant (“Tax-Related Items”) is and remains
Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer, if any. Participant
further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the RSUs, including, but not limited to, the grant, vesting or settlement
of the RSUs and the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends, and (ii)
do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate
Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if Participant is subject to
Tax-Related Items in more than one jurisdiction, Participant acknowledges that the Company and/or the Employer (or former employer,
as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. PARTICIPANT SHOULD
CONSULT A TAX ADVISER APPROPRIATELY QUALIFIED IN THE COUNTRY OR COUNTRIES IN WHICH PARTICIPANT RESIDES OR IS SUBJECT TO TAXATION.


 


(b) Withholding.
Prior to any relevant taxable or tax withholding event, as applicable, Participant agrees to make arrangements satisfactory to
the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the
Employer, or their respective agents, at their discretion, to satisfy any withholding obligations for Tax-Related Items by one
or a combination of the following:


 


		(i)	withholding
                                         from Participant’s wages or other cash compensation paid to Participant by the
                                         Company and/or the Employer; or



 


		(ii)	withholding
                                         from proceeds of the sale of Shares acquired upon settlement of the RSUs either through
                                         a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s
                                         behalf pursuant to this authorization and without further consent);



 


		(iii)	withholding
                                         Shares to be issued upon settlement of the RSUs, provided the Company only withholds
                                         the number of Shares necessary to satisfy no more than the maximum applicable statutory
                                         withholding amounts;



 


		(iv)	Participant’s
                                         payment of a cash amount (including by check representing readily available funds or
                                         a wire transfer); or



 


		(v)	any
                                         other arrangement approved by the Committee and permitted under applicable law;



 


all
under such rules as may be established by the Committee and in compliance with the Company’s Insider Trading Policy and
10b5-1 Trading Plan Policy, if applicable; provided however, that if Participant is a Section 16 officer of the Company under
the Exchange Act, then the Committee (as constituted in accordance with Rule 16b-3 under the Exchange Act) will establish the
method of withholding from alternatives (i)-(v) above prior to the Tax-Related Items withholding event.


 






    2


     


    

 


Depending
on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable statutory withholding
rates or other applicable withholding rates, including up to the maximum permissible statutory rate for Participant’s tax
jurisdiction(s) in which case Participant will have no entitlement to the equivalent amount in Shares and will receive a refund
of any over-withheld amount in cash in accordance with applicable law. If the obligation for Tax-Related Items is satisfied by
withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested
RSUs, notwithstanding that a number of the Shares are held back solely for the purpose of satisfying the withholding obligation
for Tax-Related Items.


 


Finally,
Participant agrees to pay to the Company and/or the Employer any amount of Tax-Related Items that the Company and/or the Employer
may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied
by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares,
if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items.


 


7.
Nature of Grant. By accepting the RSUs, Participant acknowledges, understands and agrees that:


 


(a) the
Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time, to the extent permitted by the Plan;


 


(b) the
grant of the RSUs is exceptional, voluntary, and occasional, and does not create any contractual or other right to receive future
grants of RSUs, or benefits in lieu of RSUs, even if RSUs have been granted in the past;


 


(c) all
decisions with respect to future RSUs or other grants, if any, will be at the sole discretion of the Company;


 


(d)
Participant is voluntarily participating in the Plan;


 


(e) the
RSUs and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming or amending
an employment or service contract with the Company or the Employer and will not interfere with the ability of the Company or the
Employer, as applicable, to terminate Participant’s employment or service relationship (if any);


 


(f) the
RSUs and the Shares subject to the RSUs, and the income and value of same, are not intended to replace any pension rights or compensation;


 


(g) the
RSUs and the Shares subject to the RSUs, and the income and value of same, are not part of normal or expected compensation for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, pension or retirement, or welfare benefits or similar payments;


 


(h) unless
otherwise agreed with the Company, the RSUs, and the Shares subject to the RSUs, and the income and value of same, are not granted
as consideration for, or in connection with, the service Participant may provide as a director of a Parent, Subsidiary, or Affiliate;


 


(i) the
future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty;


  






    3


     


    




 


(j) no
claim or entitlement to compensation or damages will arise from forfeiture of the RSUs resulting from Participant’s termination
of Service (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment
laws in the jurisdiction where Participant is employed or the terms of Participant’s employment agreement, if any), and
in consideration of the grant of the RSUs to which Participant is otherwise not entitled, Participant irrevocably agrees never
to institute any claim against the Employer, the Company, and any Parent, Subsidiary or Affiliate; waives his or her ability,
if any, to bring any such claim; and releases the Employer, the Company, and any Parent, Subsidiary, or Affiliate from any such
claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating
in the Plan, Participant will be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all
documents necessary to request dismissal or withdrawal of such claim;


 


(k) unless
otherwise provided in the Plan or by the Company in its discretion, the RSUs and the benefits evidenced by this Agreement do not
create any entitlement to have the RSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged,
cashed out or substituted for, in connection with any Corporate Transaction affecting the Shares; and


 


(l)
the following provisions apply only if Participant is providing services outside the United States:


 


(i)
the RSUs and the Shares subject to the RSUs are not part of normal or expected compensation or salary for any purpose;


 


(ii)
Participant acknowledges and agrees that neither the Company, the Employer nor any Parent or Subsidiary or Affiliate will be liable
for any foreign exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect
the value of the RSUs or of any amounts due to Participant pursuant to the settlement of the RSUs or the subsequent sale of any
Shares acquired upon settlement.


 


8. No
Advice Regarding Grant. The Company is not providing any tax, legal, or financial advice, nor is the Company making any
recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying
Shares. Participant acknowledges, understands and agrees he or she should consult with his or her own personal tax, legal, and
financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.


 


9.
Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of Participant’s personal data as described in this Agreement and any other RSU grant materials by and among,
as applicable, the Employer, the Company and any Parent, Subsidiary or Affiliate for the exclusive purpose of implementing, administering
and managing Participant’s participation in the Plan.


 


Participant
understands that the Company and the Employer may hold certain personal information about Participant, including, but not limited
to, Participant’s name, home address, email address and telephone number, date of birth, social insurance number, passport
number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company,
details of all RSUs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding
in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan.


 






    4


     


    




 


Participant
understands that Data will be transferred to the stock plan service provider as may be designated by the Company from time to
time or its affiliates or such other stock plan service provider as may be selected by the Company in the future, which is assisting
the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of
the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting his or her local human resources representative. Participant authorizes the Company, the stock plan service provider
as may be designated by the Company from time to time, and its affiliates, and any other possible recipients which may assist
the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain
and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or her
participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer
and manage Participant’s participation in the Plan. Participant understands that if he or she resides outside the United
States, he or she may, at any time, view Data, request additional information about the storage and processing of Data, require
any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing
his or her local human resources representative. Further, Participant understands that he or she is providing the consents herein
on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, his
or her employment status or service and career with the Employer will not be adversely affected; the only adverse consequence
of refusing or withdrawing Participant’s consent is that the Company would not be able to grant Participant RSUs or other
equity awards or administer or maintain such awards. Therefore, Participant understands that refusing or withdrawing his or her
consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s
refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources
representative.


 


10. Language.
If Participant has received this Agreement or any other document related to the RSU and/or the Plan translated into a language
other than English and if the meaning of the translated version is different than the English version, the English version will
control.


 


11. Appendix.
Notwithstanding any provisions in this Agreement, the RSUs will be subject to any special terms and conditions set forth in
any Appendix to this Agreement for Participant’s country. Moreover, if Participant relocates to one of the countries included
in the Appendix, the special terms and conditions for such country will apply to Participant, to the extent the Company determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix
constitutes part of this Agreement.


 


12. Imposition
of Other Requirements. The Company reserves the right to impose other requirements on Participant’s participation
in the Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable
for legal or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.


 


13. Acknowledgement.
The Company and Participant agree that the RSUs are granted under and governed by the Notice, this Agreement, and the Plan
(incorporated herein by reference). Participant: (a) acknowledges receipt of a copy of the Plan and the Plan prospectus, (b) represents
that Participant has carefully read and is familiar with their provisions, and (c) hereby accepts the RSUs subject to all of the
terms and conditions set forth herein and those set forth in the Plan and the Notice.


 






    5


     


    




 


14. Entire
Agreement; Enforcement of Rights. This Agreement, the Plan, and the Notice constitute the entire agreement and understanding
of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments,
or negotiations concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment
to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the parties
to this Agreement (which writing and signing may be electronic). The failure by either party to enforce any rights under this
Agreement will not be construed as a waiver of any rights of such party.


 


15. Compliance
with Laws and Regulations. The issuance of Shares and the sale of Shares will be subject to and conditioned upon compliance
by the Company and Participant with all applicable state, federal, local and foreign laws and regulations and with all applicable
requirements of any stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at
the time of such issuance or transfer. Participant understands that the Company is under no obligation to register or qualify
the Common Stock with any state, federal, or foreign securities commission or to seek approval or clearance from any governmental
authority for the issuance or sale of the Shares. Further, Participant agrees that the Company will have unilateral authority
to amend the Plan and this RSU Agreement without Participant’s consent to the extent necessary to comply with securities
or other laws applicable to issuance of Shares. Finally, the Shares issued pursuant to this RSU Agreement will be endorsed with
appropriate legends, if any, determined by the Company.


 


16. Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate
such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (a) such provision will be excluded from this Agreement, (b) the balance of this Agreement will be interpreted
as if such provision were so excluded and (c) the balance of this Agreement will be enforceable in accordance with its terms.


 


17. Governing
Law and Venue. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties
hereto will be governed, construed, and interpreted in accordance with the laws of the State of Delaware, without giving effect
to such state’s conflict of laws rules.


 


Any
and all disputes relating to, concerning or arising from this Agreement, or relating to, concerning, or arising from the relationship
between the parties evidenced by the Plan or this Agreement, will be brought and heard exclusively in the United States District
Court for the District of Delaware or any state court in New Castle County, Delaware. Each of the parties hereby represents and
agrees that such party is subject to the personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction
of such courts in any legal or equitable proceedings related to, concerning, or arising from such dispute, and waives, to the
fullest extent permitted by law, any objection which such party may now or hereafter have that the laying of the venue of any
legal or equitable proceedings related to, concerning, or arising from such dispute which is brought in such courts is improper
or that such proceedings have been brought in an inconvenient forum.


 


18. No
Rights as Employee, Director or Consultant. Nothing in this Agreement will affect in any manner whatsoever any right or
power of the Employer or the Company to terminate Participant’s Service, for any reason, with or without Cause.


 






    6


     


    




 


19.
Consent to Electronic Delivery of All Plan Documents and Disclosures. By Participant’s acceptance of the Notice
(whether in writing or electronically), Participant and the Company agree that the RSUs are granted under and governed by the
terms and conditions of the Plan, the Notice, and this Agreement. Participant has reviewed the Plan, the Notice, and this Agreement
in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice and Agreement, and fully
understands all provisions of the Plan, the Notice, and this Agreement. Participant hereby agrees to accept as binding, conclusive,
and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice, and this Agreement.
Participant further agrees to notify the Company upon any change in Participant’s residence address. By acceptance of the
RSUs, Participant agrees to participate in the Plan through an on-line or electronic system established and maintained by the
Company or a third party designated by the Company and consents to the electronic delivery of the Notice, this Agreement, the
Plan, account statements, Plan prospectuses required by the U.S. Securities and Exchange Commission, U.S. financial reports of
the Company, and all other documents that the Company is required to deliver to its security holders (including, without limitation,
annual reports and proxy statements), or other communications or information related to the RSUs and current or future participation
in the Plan. Electronic delivery may include the delivery of a link to the Company intranet or the internet site of a third party
involved in administering the Plan, the delivery of the document via e-mail, or such other delivery determined at the Company’s
discretion. Participant acknowledges that Participant may receive from the Company a paper copy of any documents delivered electronically
at no cost if Participant contacts the Company by telephone, through a postal service, or electronic mail to Stock Administration.
Participant further acknowledges that Participant will be provided with a paper copy of any documents delivered electronically
if electronic delivery fails; similarly, Participant understands that Participant must provide on request to the Company or any
designated third party a paper copy of any documents delivered electronically if electronic delivery fails. Also, Participant
understands that Participant’s consent may be revoked or changed, including any change in the electronic mail address to
which documents are delivered (if Participant has provided an electronic mail address), at any time by notifying the Company of
such revised or revoked consent by telephone, postal service, or electronic mail to Stock Administration. Finally, Participant
understands that Participant is not required to consent to electronic delivery if local laws prohibit such consent.


 


20. Insider
Trading Restrictions/Market Abuse Laws. Participant acknowledges that, depending on Participant’s country, Participant
may be subject to insider trading restrictions and/or market abuse laws, which may affect Participant’s ability to acquire
or sell the Shares or rights to Shares under the Plan during such times as Participant is considered to have “inside information”
regarding the Company (as defined by the laws in Participant’s country). Any restrictions under these laws or regulations
are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.
Participant acknowledges that it is Participant’s responsibility to comply with any applicable restrictions and understands
that Participant should consult his or her personal legal advisor on such matters. In addition, Participant acknowledges that
he or she read the Company’s Insider Trading Policy, and agrees to comply with such policy, as it may be amended from time
to time, whenever Participant acquires or disposes of the Company’s securities.


 






    7


     


    




 


21.
Code Section 409A. For purposes of this Agreement, a termination of employment will be determined consistent with the
rules relating to a “separation from service” as defined in Section 409A of the Internal Revenue Code and the regulations
thereunder (“Section 409A”). Notwithstanding anything else provided herein, to the extent any payments
provided under this RSU Agreement in connection with Participant’s termination of employment constitute deferred compensation
subject to Section 409A, and Participant is deemed at the time of such termination of employment to be a “specified employee”
under Section 409A, then such payment will not be made or commence until the earlier of (a) the expiration of the six (6) month
period measured from Participant’s separation from service to the Employer or the Company, or (b) the date of Participant’s
death following such a separation from service; provided, however, that such deferral will only be effected to the extent required
to avoid adverse tax treatment to Participant including, without limitation, the additional tax for which Participant would otherwise
be liable under Section 409A(a)(1)(B) in the absence of such a deferral. To the extent any payment under this RSU Agreement may
be classified as a “short-term deferral” within the meaning of Section 409A, such payment will be deemed a short-term
deferral, even if it may also qualify for an exemption from Section 409A under another provision of Section 409A. Payments pursuant
to this section are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.


 


22. Award
Subject to Company Clawback or Recoupment. To the extent permitted by applicable law, the RSUs will be subject to clawback
or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term
of Participant’s employment or other Service that is applicable to Participant. In addition to any other remedies available
under such policy and applicable law, the Company may require the cancellation of Participant’s RSUs (whether vested or
unvested) and the recoupment of any gains realized with respect to Participant’s RSUs.


 


BY
ACCEPTING THIS AWARD OF RSUS, PARTICIPANT AGREES TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.


 






    8


     


    




 


APPENDIX


 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


RESTRICTED
STOCK UNIT AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


Terms
and Conditions


 


This
Appendix includes additional terms and conditions that govern the RSUs granted to Participant under the Plan if Participant resides
and/or works in one of the countries below. This Appendix forms part of the Agreement. Any capitalized term used in this Appendix
without definition will have the meaning ascribed to it in the Notice, the Agreement, or the Plan, as applicable.


 


If
Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working, or Participant transfers employment and/or residency between countries after the Date of Grant, the Company
will, in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to Participant
under these circumstances.


 


Notifications


 


This
Appendix also includes information relating to exchange control, securities laws, foreign asset/account reporting, and other issues
of which Participant should be aware with respect to Participant’s participation in the Plan. The information is based on
the securities, exchange control, foreign asset/account reporting, and other laws in effect in the respective countries as of
_________. Such laws are complex and change frequently. As a result, Participant should not rely on the information herein as
the only source of information relating to the consequences of Participant’s participation in the Plan because the information
may be out of date at the time that Participant vests in the RSUs, sells Shares acquired under the Plan, or takes any other action
in connection with the Plan.


 


In
addition, the information is general in nature and may not apply to Participant’s particular situation, and the Company
is not in a position to assure Participant of any particular result. Accordingly, Participant should seek appropriate professional
advice as to how the relevant laws in Participant’s country may apply to Participant’s situation.


 


Finally,
if Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working and/or residing, or Participant transfers employment and/or residency after the Date of Grant, the information
contained herein may not apply to Participant in the same manner.


 







    9


     


    

 


APPENDIX


 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


RESTRICTED
STOCK UNIT AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


None


 







    10


     


    

 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


NOTICE
OF PERFORMANCE STOCK UNIT AWARD


 


Unless
otherwise defined herein, the terms defined in the Augmedix, Inc. (the “Company”) 2020 Equity Incentive
Plan (the “Plan”) will have the same meanings in this Notice of Performance Stock Unit Award and the
electronic representation of this Notice of Performance Stock Unit Award established and maintained by the Company or a third
party designated by the Company (this “Notice”).


 


Name:


 


Address:


 


You
(the “Participant”) have been granted an award of Performance Stock Units (“PSUs”)
under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Performance Stock Unit Award Agreement
(the “Agreement”), including any applicable country-specific provisions in any appendix attached hereto
(the “Appendix”), which constitutes part of the Agreement.


 


Grant
Number:


 


Number
of PSUs:


 


Date
of Grant:


 


Vesting
Commencement Date:


 


	 	Expiration Date:	The earlier to occur of: (a) the date on which settlement of all PSUs granted hereunder occurs, and (b) the tenth anniversary of the Date of Grant. This RSU expires earlier if Participant’s Service terminates earlier, as described in the Agreement.
	 	 	 
	 	Vesting Schedule:	Subject to the limitations set forth in this Notice, the Plan, and the Agreement, the PSUs will vest in accordance with the following schedule: [insert applicable vesting schedule, which may include performance metrics]



 


By
accepting (whether in writing, electronically or otherwise) the PSUs, Participant acknowledges and agrees to the following:


 


		1)	Participant
                                         understands that Participant’s Service with the Company or a Parent, Subsidiary,
                                         or Affiliate is for an unspecified duration, can be terminated at any time (i.e.,
                                         is “at-will”), except where otherwise prohibited by applicable law, and that
                                         nothing in this Notice, the Agreement, or the Plan changes the nature of that relationship.
                                         Participant acknowledges that the vesting of the PSUs pursuant to this Notice is subject
                                         to Participant’s continuing Service as an Employee, Director or Consultant. Participant
                                         agrees and acknowledges that the Vesting Schedule may change prospectively in the event
                                         that Participant’s Service status changes between full- and part-time and/or in
                                         the event the Participant is on a leave of absence, in accordance with Company policies
                                         relating to work schedules and vesting of Awards or as determined by the Committee.



 


		2)	This
                                         grant is made under and governed by the Plan, the Agreement, and this Notice, and this
                                         Notice is subject to the terms and conditions of the Agreement and the Plan, both of
                                         which are incorporated herein by reference. Participant has read the Notice, the Agreement,
                                         and the Plan.



 


		3)	Participant
                                         has read the Company’s Insider Trading Policy, and agrees to comply with such policy,
                                         as it may be amended from time to time, whenever Participant acquires or disposes of
                                         the Company’s securities.



 




     


     


    

 





		4)	By
                                         accepting the PSUs, Participant consents to electronic delivery and participation as
                                         set forth in the Agreement.


 


	PARTICIPANT	 	AUGMEDIX,
    INC.
	 	 	 
	Signature:	 	 	By:	      
	Print Name:	 	 	Its:	 


 






    2


     


    




 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


PERFORMANCE
STOCK UNIT AWARD AGREEMENT


 


Unless
otherwise defined in this Performance Stock Unit Award Agreement (this “Agreement”), any capitalized
terms used herein will have the same meaning ascribed to them in the Augmedix, Inc. 2020 Equity Incentive Plan (the “Plan”).


 


Participant
has been granted Performance Stock Units (“PSUs”) subject to the terms, restrictions, and conditions
of the Plan, the Notice of Performance Stock Unit Award (the “Notice”), and this Agreement, including
any applicable country-specific provisions in any appendix attached hereto (the “Appendix”), which constitutes
part of this Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of
the Notice or this Agreement, the terms and conditions of the Plan will prevail.


 


1. Settlement.
Settlement of PSUs will be made within thirty (30) days following the applicable date of vesting under the Vesting Schedule
set forth in the Notice. Settlement of PSUs will be in Shares. No fractional PSUs or rights for fractional Shares will be created
pursuant to this Agreement.


 


2. No
Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested PSUs, Participant will have
no ownership of the Shares allocated to the PSUs and will have no rights to dividends or to vote such Shares.


 


3. Dividend
Equivalents. Dividends, if any (whether in cash or Shares), will not be credited to Participant.


 


4. Non-Transferability
of PSUs. The PSUs and any interest therein will not be sold, assigned, transferred, pledged, hypothecated, or otherwise
disposed of in any manner other than by will or by the laws of descent or distribution or court order or unless otherwise permitted
by the Committee on a case-by-case basis.


 


5.
Termination; Leave of Absence; Change in Status. If Participant’s Service terminates for any reason, all unvested
PSUs will be forfeited to the Company immediately, and all rights of Participant to such PSUs automatically terminate without
payment of any consideration to Participant. Participant’s Service will be considered terminated as of the date Participant
is no longer providing services (regardless of the reason for such termination and whether or not later found to be invalid or
in breach of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment
agreement, if any) and will not, subject to the laws applicable to Participant’s Award, be extended by any notice period
mandated under local laws (e.g., Service would not include a period of “garden leave” or similar period). Participant
acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant’s service status changes
between full- and part-time status and/or in the event Participant is on an approved leave of absence in accordance the Company’s
policies relating to work schedules and vesting of awards or as determined by the Committee. Participant acknowledges that the
vesting of the Shares pursuant to this Notice and Agreement is subject to Participant’s continued Service. In case of any
dispute as to whether termination of Service has occurred, the Committee will have sole discretion to determine whether such termination
of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be
providing services while on an approved leave of absence).


 






     


     


    




 


6.
Taxes.


 


(a) Responsibility
for Taxes. Participant acknowledges that, regardless of any action taken by the Company or, if different, a Parent,
Subsidiary or Affiliate employing or retaining Participant (the “Employer”), the ultimate liability
for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related
to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related
Items”) is and remains Participant’s responsibility and may exceed the amount actually withheld by the
Company or the Employer, if any. Participant further acknowledges that the Company and/or the Employer (i) make no
representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the PSUs,
including, but not limited to, the grant, vesting or settlement of the PSUs and the subsequent sale of Shares acquired
pursuant to such settlement and the receipt of any dividends, and (ii) do not commit to and are under no obligation to
structure the terms of the grant or any aspect of the PSUs to reduce or eliminate Participant’s liability for
Tax-Related Items or achieve any particular tax result. Further, if Participant is subject to Tax-Related Items in more than
one jurisdiction, Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be
required to withhold or account for Tax-Related Items in more than one jurisdiction. PARTICIPANT SHOULD CONSULT A TAX
ADVISER APPROPRIATELY QUALIFIED IN THE COUNTRY OR COUNTRIES IN WHICH PARTICIPANT RESIDES OR IS SUBJECT TO
TAXATION.


 


(b) Withholding.
Prior to any relevant taxable or tax withholding event, as applicable, Participant agrees to make arrangements satisfactory to
the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the
Employer, or their respective agents, at their discretion, to satisfy any withholding obligations for Tax-Related Items by one
or a combination of the following:


 


		(i)	withholding
                                         from Participant’s wages or other cash compensation paid to Participant by the
                                         Company and/or the Employer; or



 


		(ii)	withholding
                                         from proceeds of the sale of Shares acquired upon settlement of the PSUs either through
                                         a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s
                                         behalf pursuant to this authorization and without further consent);



 


		(iii)	withholding
                                         Shares to be issued upon settlement of the PSUs, provided the Company only withholds
                                         the number of Shares necessary to satisfy no more than the maximum applicable statutory
                                         withholding amounts;



 


		(iv)	Participant’s
                                         payment of a cash amount (including by check representing readily available funds or
                                         a wire transfer); or



 


		(v)	any
                                         other arrangement approved by the Committee and permitted under applicable law;



 


all
under such rules as may be established by the Committee and in compliance with the Company’s Insider Trading Policy and
10b5-1 Trading Plan Policy, if applicable; provided however, that if Participant is a Section 16 officer of the Company under
the Exchange Act, then the Committee (as constituted in accordance with Rule 16b-3 under the Exchange Act) will establish the
method of withholding from alternatives (i)-(v) above prior to the Tax-Related Items withholding event.


 






    2


     


    




 


Depending
on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable statutory withholding
rates or other applicable withholding rates, including up to the maximum permissible statutory rate for Participant’s tax
jurisdiction(s) in which case Participant will have no entitlement to the equivalent amount in Shares and will receive a refund
of any over-withheld amount in cash in accordance with applicable law. If the obligation for Tax-Related Items is satisfied by
withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested
PSUs, notwithstanding that a number of the Shares are held back solely for the purpose of satisfying the withholding obligation
for Tax-Related Items.


 


Finally,
Participant agrees to pay to the Company and/or the Employer any amount of Tax-Related Items that the Company and/or the Employer
may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied
by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares,
if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items.


 


		7.	Nature
                                         of Grant. By accepting the PSUs, Participant acknowledges, understands and agrees
                                         that:



 


(a) the
Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time, to the extent permitted by the Plan;


 


(b) the
grant of the PSUs is exceptional, voluntary, and occasional, and does not create any contractual or other right to receive future
grants of PSUs, or benefits in lieu of PSUs, even if PSUs have been granted in the past;


 


(c) all
decisions with respect to future PSUs or other grants, if any, will be at the sole discretion of the Company;


 


(d)
Participant is voluntarily participating in the Plan;


 


(e) the
PSUs and Participant’s participation in the Plan will not create a right to employment or be interpreted as forming or amending
an employment or service contract with the Company or the Employer and will not interfere with the ability of the Company or the
Employer, as applicable, to terminate Participant’s employment or service relationship (if any);


 


(f) the
PSUs and the Shares subject to the PSUs, and the income and value of same, are not intended to replace any pension rights or compensation;


 


(g) the
PSUs and the Shares subject to the PSUs, and the income and value of same, are not part of normal or expected compensation for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, pension or retirement, or welfare benefits or similar payments;


 


(h) unless
otherwise agreed with the Company, the PSUs, and the Shares subject to the PSUs, and the income and value of same, are not granted
as consideration for, or in connection with, the service Participant may provide as a director of a Parent, Subsidiary, or Affiliate;


 


(i) the
future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty;


 






    3


     


    

 


(j)
no claim or entitlement to compensation or damages will arise from forfeiture of the PSUs resulting from Participant’s termination
of Service (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment
laws in the jurisdiction where Participant is employed or the terms of Participant’s employment agreement, if any), and
in consideration of the grant of the PSUs to which Participant is otherwise not entitled, Participant irrevocably agrees never
to institute any claim against the Employer, the Company, and any Parent, Subsidiary or Affiliate; waives his or her ability,
if any, to bring any such claim; and releases the Employer, the Company, and any Parent, Subsidiary, or Affiliate from any such
claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating
in the Plan, Participant will be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all
documents necessary to request dismissal or withdrawal of such claim;


 


(k) unless
otherwise provided in the Plan or by the Company in its discretion, the PSUs and the benefits evidenced by this Agreement do not
create any entitlement to have the PSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged,
cashed out or substituted for, in connection with any Corporate Transaction affecting the Shares; and


 


(l)
the following provisions apply only if Participant is providing services outside the United States:


 


(i)
the PSUs and the Shares subject to the PSUs are not part of normal or expected compensation or salary for any purpose;


 


(ii) Participant
acknowledges and agrees that neither the Company, the Employer nor any Parent or Subsidiary or Affiliate will be liable for any
foreign exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect the
value of the PSUs or of any amounts due to Participant pursuant to the settlement of the PSUs or the subsequent sale of any Shares
acquired upon settlement.


 


8. No
Advice Regarding Grant. The Company is not providing any tax, legal, or financial advice, nor is the Company making any
recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying
Shares. Participant acknowledges, understands and agrees he or she should consult with his or her own personal tax, legal, and
financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.


 


9.
Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of Participant’s personal data as described in this Agreement and any other RSU grant materials by and among,
as applicable, the Employer, the Company and any Parent, Subsidiary or Affiliate for the exclusive purpose of implementing, administering
and managing Participant’s participation in the Plan.


 


Participant
understands that the Company and the Employer may hold certain personal information about Participant, including, but not limited
to, Participant’s name, home address, email address and telephone number, date of birth, social insurance number, passport
number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company,
details of all PSUs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding
in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan.


 






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Participant
understands that Data will be transferred to the stock plan service provider as may be designated by the Company from time to
time or its affiliates or such other stock plan service provider as may be selected by the Company in the future, which is assisting
the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of
the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting his or her local human resources representative. Participant authorizes the Company, the stock plan service provider
as may be designated by the Company from time to time, and its affiliates, and any other possible recipients which may assist
the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain
and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or her
participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer
and manage Participant’s participation in the Plan. Participant understands that if he or she resides outside the United
States, he or she may, at any time, view Data, request additional information about the storage and processing of Data, require
any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing
his or her local human resources representative. Further, Participant understands that he or she is providing the consents herein
on a purely voluntary basis. If Participant does not consent, or if Participant later seeks to revoke his or her consent, his
or her employment status or service and career with the Employer will not be adversely affected; the only adverse consequence
of refusing or withdrawing Participant’s consent is that the Company would not be able to grant Participant PSUs or other
equity awards or administer or maintain such awards. Therefore, Participant understands that refusing or withdrawing his or her
consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s
refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources
representative.


 


10. Language.
If Participant has received this Agreement or any other document related to the RSU and/or the Plan translated into a language
other than English and if the meaning of the translated version is different than the English version, the English version will
control.


 


11. Appendix.
Notwithstanding any provisions in this Agreement, the PSUs will be subject to any special terms and conditions set forth in
any Appendix to this Agreement for Participant’s country. Moreover, if Participant relocates to one of the countries included
in the Appendix, the special terms and conditions for such country will apply to Participant, to the extent the Company determines
that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix
constitutes part of this Agreement.


 


12. Imposition
of Other Requirements. The Company reserves the right to impose other requirements on Participant’s participation
in the Plan, on the PSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable
for legal or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.


 


13. Acknowledgement.
The Company and Participant agree that the PSUs are granted under and governed by the Notice, this Agreement, and the Plan
(incorporated herein by reference). Participant: (a) acknowledges receipt of a copy of the Plan and the Plan prospectus, (b) represents
that Participant has carefully read and is familiar with their provisions, and (c) hereby accepts the PSUs subject to all of the
terms and conditions set forth herein and those set forth in the Plan and the Notice.


 






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14. Entire
Agreement; Enforcement of Rights. This Agreement, the Plan, and the Notice constitute the entire agreement and understanding
of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments,
or negotiations concerning the purchase of the Shares hereunder are superseded. No adverse modification of or adverse amendment
to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the parties
to this Agreement (which writing and signing may be electronic). The failure by either party to enforce any rights under this
Agreement will not be construed as a waiver of any rights of such party.


 


15. Compliance
with Laws and Regulations. The issuance of Shares and the sale of Shares will be subject to and conditioned upon compliance
by the Company and Participant with all applicable state, federal, local and foreign laws and regulations and with all applicable
requirements of any stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at
the time of such issuance or transfer. Participant understands that the Company is under no obligation to register or qualify
the Common Stock with any state, federal, or foreign securities commission or to seek approval or clearance from any governmental
authority for the issuance or sale of the Shares. Further, Participant agrees that the Company will have unilateral authority
to amend the Plan and this RSU Agreement without Participant’s consent to the extent necessary to comply with securities
or other laws applicable to issuance of Shares. Finally, the Shares issued pursuant to this RSU Agreement will be endorsed with
appropriate legends, if any, determined by the Company.


 


16. Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate
such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (a) such provision will be excluded from this Agreement, (b) the balance of this Agreement will be interpreted
as if such provision were so excluded and (c) the balance of this Agreement will be enforceable in accordance with its terms.


 


17. Governing
Law and Venue. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties
hereto will be governed, construed, and interpreted in accordance with the laws of the State of Delaware, without giving effect
to such state’s conflict of laws rules.


 


Any
and all disputes relating to, concerning or arising from this Agreement, or relating to, concerning, or arising from the relationship
between the parties evidenced by the Plan or this Agreement, will be brought and heard exclusively in the United States District
Court for the District of Delaware or any state court in New Castle County, Delaware. Each of the parties hereby represents and
agrees that such party is subject to the personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction
of such courts in any legal or equitable proceedings related to, concerning, or arising from such dispute, and waives, to the
fullest extent permitted by law, any objection which such party may now or hereafter have that the laying of the venue of any
legal or equitable proceedings related to, concerning, or arising from such dispute which is brought in such courts is improper
or that such proceedings have been brought in an inconvenient forum.


 


18. No
Rights as Employee, Director or Consultant. Nothing in this Agreement will affect in any manner whatsoever any right or
power of the Employer or the Company to terminate Participant’s Service, for any reason, with or without Cause.


 






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19. Consent
to Electronic Delivery of All Plan Documents and Disclosures. By Participant’s acceptance of the Notice (whether
in writing or electronically), Participant and the Company agree that the PSUs are granted under and governed by the terms and
conditions of the Plan, the Notice, and this Agreement. Participant has reviewed the Plan, the Notice, and this Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice and Agreement, and fully understands
all provisions of the Plan, the Notice, and this Agreement. Participant hereby agrees to accept as binding, conclusive, and final
all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice, and this Agreement. Participant
further agrees to notify the Company upon any change in Participant’s residence address. By acceptance of the PSUs, Participant
agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third
party designated by the Company and consents to the electronic delivery of the Notice, this Agreement, the Plan, account statements,
Plan prospectuses required by the U.S. Securities and Exchange Commission, U.S. financial reports of the Company, and all other
documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy
statements), or other communications or information related to the PSUs and current or future participation in the Plan. Electronic
delivery may include the delivery of a link to the Company intranet or the internet site of a third party involved in administering
the Plan, the delivery of the document via e-mail, or such other delivery determined at the Company’s discretion. Participant
acknowledges that Participant may receive from the Company a paper copy of any documents delivered electronically at no cost if
Participant contacts the Company by telephone, through a postal service, or electronic mail to Stock Administration. Participant
further acknowledges that Participant will be provided with a paper copy of any documents delivered electronically if electronic
delivery fails; similarly, Participant understands that Participant must provide on request to the Company or any designated third
party a paper copy of any documents delivered electronically if electronic delivery fails. Also, Participant understands that
Participant’s consent may be revoked or changed, including any change in the electronic mail address to which documents
are delivered (if Participant has provided an electronic mail address), at any time by notifying the Company of such revised or
revoked consent by telephone, postal service, or electronic mail to Stock Administration. Finally, Participant understands that
Participant is not required to consent to electronic delivery if local laws prohibit such consent.


 


20. Insider
Trading Restrictions/Market Abuse Laws. Participant acknowledges that, depending on Participant’s country, Participant
may be subject to insider trading restrictions and/or market abuse laws, which may affect Participant’s ability to acquire
or sell the Shares or rights to Shares under the Plan during such times as Participant is considered to have “inside information”
regarding the Company (as defined by the laws in Participant’s country). Any restrictions under these laws or regulations
are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy.
Participant acknowledges that it is Participant’s responsibility to comply with any applicable restrictions and understands
that Participant should consult his or her personal legal advisor on such matters. In addition, Participant acknowledges that
he or she read the Company’s Insider Trading Policy, and agrees to comply with such policy, as it may be amended from time
to time, whenever Participant acquires or disposes of the Company’s securities.


 






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21.
Code Section 409A. For purposes of this Agreement, a termination of employment will be determined consistent with the
rules relating to a “separation from service” as defined in Section 409A of the Internal Revenue Code and the regulations
thereunder (“Section 409A”). Notwithstanding anything else provided herein, to the extent any payments
provided under this RSU Agreement in connection with Participant’s termination of employment constitute deferred compensation
subject to Section 409A, and Participant is deemed at the time of such termination of employment to be a “specified employee”
under Section 409A, then such payment will not be made or commence until the earlier of (a) the expiration of the six (6) month
period measured from Participant’s separation from service to the Employer or the Company, or (b) the date of Participant’s
death following such a separation from service; provided, however, that such deferral will only be effected to the extent required
to avoid adverse tax treatment to Participant including, without limitation, the additional tax for which Participant would otherwise
be liable under Section 409A(a)(1)(B) in the absence of such a deferral. To the extent any payment under this RSU Agreement may
be classified as a “short-term deferral” within the meaning of Section 409A, such payment will be deemed a short-term
deferral, even if it may also qualify for an exemption from Section 409A under another provision of Section 409A. Payments pursuant
to this section are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.


 


22. Award
Subject to Company Clawback or Recoupment. To the extent permitted by applicable law, the PSUs will be subject to clawback
or recoupment pursuant to any compensation clawback or recoupment policy adopted by the Board or required by law during the term
of Participant’s employment or other Service that is applicable to Participant. In addition to any other remedies available
under such policy and applicable law, the Company may require the cancellation of Participant’s PSUs (whether vested or
unvested) and the recoupment of any gains realized with respect to Participant’s PSUs.


 


BY
ACCEPTING THIS AWARD OF RSUS, PARTICIPANT AGREES TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.


 






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APPENDIX


 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


RESTRICTED
STOCK UNIT AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


Terms
and Conditions


 


This
Appendix includes additional terms and conditions that govern the PSUs granted to Participant under the Plan if Participant resides
and/or works in one of the countries below. This Appendix forms part of the Agreement. Any capitalized term used in this Appendix
without definition will have the meaning ascribed to it in the Notice, the Agreement, or the Plan, as applicable.


 


If
Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working, or Participant transfers employment and/or residency between countries after the Date of Grant, the Company
will, in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to Participant
under these circumstances.


 


Notifications


 


This
Appendix also includes information relating to exchange control, securities laws, foreign asset/account reporting, and other issues
of which Participant should be aware with respect to Participant’s participation in the Plan. The information is based on
the securities, exchange control, foreign asset/account reporting, and other laws in effect in the respective countries as of
_________. Such laws are complex and change frequently. As a result, Participant should not rely on the information herein as
the only source of information relating to the consequences of Participant’s participation in the Plan because the information
may be out of date at the time that Participant vests in the PSUs, sells Shares acquired under the Plan, or takes any other action
in connection with the Plan.


 


In
addition, the information is general in nature and may not apply to Participant’s particular situation, and the Company
is not in a position to assure Participant of any particular result. Accordingly, Participant should seek appropriate professional
advice as to how the relevant laws in Participant’s country may apply to Participant’s situation.


 


Finally,
if Participant is a citizen or resident of a country, or is considered resident of a country, other than the one in which Participant
is currently working and/or residing, or Participant transfers employment and/or residency after the Date of Grant, the information
contained herein may not apply to Participant in the same manner.


 







    9


     


    

 


APPENDIX


 


AUGMEDIX,
INC.


2020
EQUITY INCENTIVE PLAN


RESTRICTED
STOCK UNIT AWARD AGREEMENT


 


COUNTRY
SPECIFIC PROVISIONS FOR EMPLOYEES OUTSIDE THE U.S.


 


None


 





 


10