EX-10.4



 Exhibit 10.4 

COBRA ELECTRONICS
CORPORATION1 
 2010 EQUITY INCENTIVE PLAN 

STOCK AWARD AGREEMENT 

Cobra Electronics Corporation, a Delaware corporation (the “Company”), hereby grants to
[            ] (the “Holder”) as of [            ] (the “Grant Date”), pursuant to the
terms and conditions of the Cobra Electronics Corporation 2010 Equity Incentive Plan (the “Plan”), an Unrestricted Stock Award (the “Award”) of
[            ] shares of the Company’s Common Stock, par value $0.331/3 per share (“Stock”), upon and subject to the restrictions, terms and conditions set forth in
the Plan and this agreement (the “Agreement”). 
 1. Award Subject to Acceptance of Agreement. The Award
shall be null and void unless the Holder accepts this Agreement by executing it in the space provided below and returning such original execution copy to the Company. As soon as practicable after the Holder has executed this Agreement and returned
it to the Company, the Company shall cause to be issued in the Holder’s name the total number of shares of Stock subject to the Award. 
 2. Additional Terms and Conditions of Award. 
 2.1. Investment
Representation. The Holder hereby represents and covenants that (a) any share of Stock acquired pursuant to this Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act
of 1933, as amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities laws; (b) any subsequent sale of any such shares shall be made either pursuant
to an effective registration statement under the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the
Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation is true and correct as of the date of any sale of any such share. As a further condition precedent to the delivery to
the Holder of any shares of Stock subject to the Award, the Holder shall comply with all regulations and requirements of any regulatory authority having control of or supervision over the issuance or delivery of the shares and, in connection
therewith, shall execute any documents which the Board shall in its sole discretion deem necessary or advisable. 
  

 

	1 	 Non-Employee Director Award. 









 2.2. Compliance with Applicable Law. The Award is subject to the condition that if
the listing, registration or qualification of the shares of Stock subject to the Award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as
a condition of, or in connection with, the delivery of shares hereunder, the shares of Stock subject to the Award shall not be delivered, in whole or in part, unless such listing, registration, qualification, consent, approval or other action shall
have been effected or obtained, free of any conditions not acceptable to the Company. The Company agrees to use reasonable efforts to effect or obtain any such listing, registration, qualification, consent, approval or other action. 

2.3. Delivery of Stock. The Company shall deliver or cause to be delivered to the Holder the shares of Stock. The Company shall
pay all original issue or transfer taxes and all fees and expenses incident to such delivery. 
 2.4. Award Confers No Rights
to Continued Service. In no event shall the granting of the Award or its acceptance by the Holder, or any provision of the Agreement, give or be deemed to give the Holder any right to continued service as a director of the Company. 

2.5. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Holder or by the Company
forthwith to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on all parties. 
 2.6. Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and
assigns of the Company. This Agreement shall be binding upon the Holder and his or her heirs, executors, administrators, successors and assigns. 
 2.7. Notices. All notices, requests or other communications provided for in this Agreement shall be made, if to the Company, to Cobra Electronics Corporation, Attn: Corporate Secretary, 6500 West
Cortland Street, Chicago, IL 60707, and if to the Holder, to the last known mailing address of the Holder contained in the records of the Company. All notices, requests or other communications provided for in this Agreement shall be made in writing
either (a) by personal delivery, (b) by facsimile or electronic mail with confirmation of receipt, (c) by mailing in the United States mails or (d) by express courier service. The notice, request or other communication shall
be deemed to be received upon personal delivery, upon confirmation of receipt of facsimile or electronic mail transmission or upon receipt by the party entitled thereto if by United States mail or express courier service; provided,
however, that if a notice, request or other communication sent to the Company is not received during regular business hours, it shall be deemed to be received on the next succeeding business day of the Company. 

2.8. Governing Law. This Agreement, the Award and all determinations made and actions taken pursuant hereto and thereto, to the
extent not governed by the laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving effect to principles of conflicts of laws. 

2.9. Agreement Subject to the Plan. This Agreement is subject to the provisions of the Plan and shall be interpreted in accordance
therewith. The Holder hereby acknowledges receipt of a copy of the Plan. 
 2.10. Entire Agreement. This Agreement and
the Plan constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Holder with respect to the subject matter hereof, and may
not be modified adversely to the Holder’s interest except by means of a writing signed by the Company and the Holder. 







 2.11. Partial Invalidity. The invalidity or unenforceability of any particular
provision of this Agreement shall not affect the other provisions hereof and this Agreement shall be construed in all respects as if such invalid or unenforceable provision was omitted. 

2.12. Amendment and Waiver. The provisions of this Agreement may be amended or waived only by the written agreement of the Company
and the Holder, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 

2.13. Counterparts. This Agreement may be executed in two counterparts each of which shall be deemed an original and both of which
together shall constitute one and the same instrument. 
  

			
	 COBRA ELECTRONICS CORPORATION

		
	 By:
	 	 


 Accepted this             day of
            , 20