Document:

Exhibit 4.1

 

 

INCORPORATED UNDER  THE  LAWS  OF THE  STATE  OF NEVADA AUTHORIZED:  9,800,000 COMMON SHARES, $0.001  PAR  VALUE  PER SHARE This  Certifies That is the owner of Fully Paid and Non - Assessable Common Stock, $0.001 Par  Value of ENVISION  SOLAR  INTERNATIONAL, INC. transferable on the books of this Corporation in person or by attorney upon surrender of this Certificate duly endorsed or assigned . This Certificate and the shares represented hereby are subject to the laws of the State of Nevada, and to the Articles of Incorporation and the Bylaws of the Corporation, as now or hereafter amended . This Certificate is not valid until countersigned by the Transfer Agent . IN WITNESS WHEREOF, the Corporation has caused this Certificate to be signed by the facsimile signatures of its duly authorized officers and to be sealed with the facsimile seal of the Corporation . Dated : PRESIDENT SECRE T A R Y Countersigned: CORPOR A TE S T OCK TRANSFER, INC. 3200 Cherry C r eek South Drive, Suite 430  Denve r , CO 80209 By  ______________________________________ T ransfer Agent  and Registrar Authorized Officer N N 2550 CUSIP 29413Q 20 1 SEE  REVERSE  FOR   CERTAIN DEFINITIONS

ENVISION SOLAR INTERN A TIONAL, INC. CORPOR A TE S T OCK TRANSFER, INC. TRANSFER FEE: AS REQUIRED The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM  - as tenants in common UNIF GIFT MIN ACT - ____________ Custodian ____________ (Cust) (Minor) under Uniform Gifts to Minors TEN ENT - as tenants by the  entireties JT TEN - as joint tenants  with right of survivorship and not  as tenants in common Act  ____________________ _____________ (State) Additional abbreviations may also be used though not in the above list. _______________________________________________________________________________________________________________________ PLEASE INSE R T SOCIAL SECURITY OR OTHER  IDENTIFYING NUMBER OF ASSIGNEE FOR V ALUE RECEIVED, _________________________________________________________ hereby sell, assign and transfer unto ___________________________________________________________________________________________________________ PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POS T AL ZIP CODE OF ASSIGNEE ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ _____________________________________________________________________________________________________  Shares  of the Common Stock represented by the within Certificate and do hereby irrevocably constitute and appoint ___________________________________________________________________________________________Attorney  to  transfer  the said stock on the books of the within - named Corporation, with full power of substitution in the premises. Dated: ___________________20________ , Signature: X___________________________________________________________ Signature(s) Guaranteed: Signature: X___________________________________________________________ TH E SIGN A TURE(S ) T O THI S ASSIGNMEN T MUS T CORRESPON D WIT H TH E NAME(S ) A S WRITTE N UPO N TH E F AC E O F TH E CE R TIFIC A TE I N EVE R Y P A R TICULAR , WITHOU T A L TER A TIO N O R ENLARGEMEN T O R AN Y  CHANG E WH A TEVER .  THE SIGN A TURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARAN T OR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGN A TURE GUARANTEE MEDALLION PROGRAM, PURSUANT T O S.E.C. RULE 17Ad - 15.EX-4.4

 Exhibit 4.4 

DIRTT ENVIRONMENTAL SOLUTIONS LTD. 

LONG TERM INCENTIVE PLAN 

FORM OF 
 OPTION AWARD
AGREEMENT 
 DIRTT Environmental Solutions Ltd. (the “Corporation”), has granted to the individual listed below
(the “Participant”) an Award in the form of Options pursuant to the DIRTT Environmental Solutions Ltd. Long Term Incentive Plan (as amended and/or restated from time to time, the “Plan”). Each Option represents
an option to acquire a common share of the Corporation (a “Share”), at the time, in the manner, and subject to the terms contained herein (which includes, for Participants who are U.S. Participants, the additional terms and
conditions provided under Exhibit A hereto). By electronically accepting this Award Agreement through his or her Shareworks account with Morgan Stanley, the Participant is deemed to have accepted the terms and conditions of the Plan and this
Award Agreement. 
 In the event of any conflict or inconsistency between the terms of the Plan and this Award Agreement, the terms of the
Plan shall supersede and govern in all respects. Any capitalized terms not defined herein are defined in the Plan. 

1.    Grant Terms. 

Participant Name:
[                                ] 

The Participant is a (Participant to check one box): U.S. Participant  ☐ or Canadian Participant  ☐ or
Both  ☐ 
 Date of Grant:
[                                ] (the “Date of Grant”) 

Number of Options Granted:
[                    ] Options (the “Options”) 

Expiry Date:
[                                ] (the “Expiry Date”) 

[Not to extend beyond 10 years of Date of Grant. In the case of an Incentive Stock Option (or ISO) granted to a 10% shareholder of the
Corporation, not to extend beyond five years from the Date of Grant.] 
 Exercise Price:
$[                    ] (the “Exercise Price”) 

[Except as provided in Section 8 of the Plan, not to be less than the Fair Market Value of a Share on the Date of Grant. In the case of
an ISO granted to a 10% shareholder of the Corporation, the Exercise Price must be at least 110% of the Fair Market Value of a Share on the Date of Grant.] 

2.    Designation of Options 

The Options granted hereunder are intended to be (Corporation to check one box): 

☐  Incentive Stock Options (ISOs) or 

☐  Nonstatutory Options 

  
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 3.    Vesting and Forfeiture. 

a.    General Rule. Subject to the terms of the Plan and this Award Agreement, provided that the
Participant has been continuously employed by the Corporation or its Affiliates from the Date of Grant through the applicable date below (each, a “Vesting Date”), the Options will vest as follows: 

[                       
             ] 
 b.    Effect of
Termination of Employment on Vesting and Forfeiture.
[                                         
   ]. Further, if the Participant’s service, consulting relationship, or employment with the Corporation, an Affiliate, or a successor entity is terminated for Cause, all Options, whether vested or unvested, will be forfeited
in full as of the Termination Date, and the Participant will cease to have any right or entitlement to acquire Shares under those forfeited Options, or to any other compensation for such forfeited Options. 

c.    Effect of Termination of Employment on Exercisability. Options may only be exercised prior to
the Termination Date, except as follows: 

[                       
             ] 
 4.    Time
and Method of Exercise. 
 a.    General. The Options may be exercised pursuant to this
Section 4 at any time and from time to time from and including the applicable Vesting Date through to and including the Expiry Date. For greater certainty, no Option may be exercised unless such Option has vested in accordance with
Section 3 of this Award Agreement and the Option shall in all events terminate at the close of business on the Expiry Date. In no event will the Participant be entitled to exercise the Options for a fraction of a Share. 

b.    Standard Exercise. Subject to the Plan, to exercise Options to acquire Shares, the
Participant must deliver to the Committee, prior to the Expiry Time, a written notice of the exercise of such Options, in the form set by the Committee from time to time, duly executed by the Participant, and a certified cheque or bank draft payable
to the Corporation in an amount equal to the aggregate of the Exercise Price in respect of which such Options are being exercised, plus any Applicable Withholding Taxes which may be required by the Corporation to be paid as a condition to the
exercise of such Options. Subject to the terms of the Plan, the Committee may decide to accept any of the following forms of payment for the Exercise Price: cash or cash equivalents, Shares (including previously owned Shares or through a cashless
exercise, i.e., “net settlement”, a broker-assisted exercise, or other reduction of the amount of Shares otherwise issuable pursuant to the Option. In the case of a Canadian Participant, the Shares cannot be Shares acquired pursuant to the
exercise of an Option in the preceding twenty-four (24) months), other Awards or awards granted under other plans of the Corporation or any Affiliate, other property, or any other legal consideration the Committee deems appropriate to be
satisfied through different forms of payment, and will notify the Participant of the same. 

c.    Issuance of Shares. Upon exercise of the Options as set forth in Section 4(b), the
Corporation shall issue, or cause to the issued, the applicable number of Shares to the Participant. All Options granted to Canadian Participants shall be exercisable only for the issuance by the Corporation of authorized and previously unissued
Shares from treasury. 
 5.    Acknowledgement. The Participant has received and reviewed
a copy of the Plan and agrees to be bound by the terms and conditions of the Plan. 
  

  
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 6.    Additional Provisions. 

a.    Withholding. The Corporation or any Affiliate is authorized to take any actions, including
deducting or withholding from Shares deliverable upon exercise of an Option or requiring a payment by the Participant as a condition to exercise, as may be necessary to ensure the Corporation and any Affiliate will be able to comply with any
Applicable Withholding Taxes. The Committee shall determine, in its sole discretion, the form of payment acceptable to satisfy such tax withholding obligations. For additional information please see Section 9(j) of the Plan. 

b.    Clawback. The Options are subject to any written clawback policies that the
Corporation, with the approval of the Board or an authorized committee thereof, may adopt either prior to or following the Effective Date of the Plan, including, but not limited to, any policy adopted to conform to the Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010 and rules promulgated thereunder by the SEC and that the Corporation determines should apply to Awards. Any such policy may subject the Options and amounts paid or realized, or Shares acquired, with respect to the
Options to reduction, cancellation, forfeiture, or recoupment if certain specified events or wrongful conduct occur, including an accounting restatement due to the Corporation’s material noncompliance with financial reporting regulations or
other events or wrongful conduct specified in any such clawback policy. 
 c.    No Shareholder
Rights. The Options shall not entitle the Participant to exercise voting rights or any other rights attaching to the ownership of Shares or other securities of the Corporation, including, without limitation, entitlement to receive dividends or
other distributions, or rights on liquidation. The Participant shall not have any such shareholder rights unless and until Shares are issued to the Participant pursuant to the exercise of Options. 

d.    Additional Terms. The terms and conditions of this Award are governed by the Plan, and this
Award is also subject to all interpretations, amendments, rules and regulations which may from time to time be adopted under the Plan. 

e.    Entire Agreement. This Award Agreement and the Plan and the Exhibits and Schedules thereto
constitute the entire agreement of the parties hereto with regard to the subject matter hereof. They supersede in their entirety all other prior undertakings, agreements, representations or understandings (whether oral or written and whether express
or implied) of the Participant and the Corporation which relate to the subject matter hereof; provided, however, that in case of inconsistencies or ambiguities, the provisions of the Plan shall prevail over the provisions of this Award Agreement.

 f.    Agreement Severable. If any provision of this Award Agreement is or becomes or is deemed
to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person under any law deemed applicable by the Committee, that provision will be construed or deemed amended to conform to applicable laws, or if it cannot be construed or
deemed amended without, in the determination of the Committee, materially altering the intent of this Award Agreement, that provision will be stricken and the remainder of this Award Agreement will remain in full force and effect. 

g.    Service Provider Relationship. The grant of the Options will not be construed as giving the
Participant the right to be employed or serve as an officer, director, or consultant of the Corporation or any Affiliate. Further, the Corporation or an Affiliate may at any time dismiss the Participant from employment or from service as an officer,
director, or consultant free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan. 

h.    Governing Law. Except where foreign law is applicable, the validity, construction, and effect
of the Plan, this Award Agreement, and any rules and regulations relating to the Plan and this Award Agreement will be determined in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable in Alberta. 

 

  
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 i.    Electronic Delivery. The Corporation may
deliver any documents (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and quarterly reports and all other forms of communications) related to the Options
granted under this Award Agreement by electronic means and may request the Participant’s consent to participate in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and, if requested,
to agree to participate in the Plan and sign this Award Agreement through an on-line or electronic system established and maintained by the Corporation or another third party designated by the Corporation.

 j.    Amendment, Suspension and Termination. This Award Agreement and the Plan may be amended
or otherwise modified, suspended or terminated at any time or from time to time as provided in Sections 5 and 8 of the Plan, Section 8 of Schedule A to the Plan, and Exhibit A of this Award Agreement. 

k.    Notices. Any notice or other communication to be given under or in connection with this Award
Agreement or the Plan shall be given in writing and shall be deemed effectively given on receipt or, in the case of notices from the Corporation to the Participant, five days after deposit in the mail, postage prepaid, addressed to the Participant
at the address on file with the Corporation or Employer or at such other address as the Participant may hereafter designate by notice to the Corporation. 

l.    Transferability. No Option may be assigned, alienated, pledged, attached, sold, or otherwise
transferred by a Participant other than by will, by the laws of descent, or by the designation of a Beneficiary by a Participant and any such purported assignment, alienation, pledge, attachment, sale, or other transfer or encumbrance will be void
and unenforceable against the Corporation or any Affiliate. 
 m.    Successors and Assigns. The
Corporation may assign any of its rights under this Award Agreement to single or multiple assignees, and this Award Agreement shall inure to the benefit of the successors and assigns of the Corporation. Subject to the restrictions on transfer set
forth in the Plan and in Section 6(m) of this Award Agreement, the provisions of this Award Agreement shall inure to the benefit of, and be binding upon, the Corporation and its successors and assigns and to the Participant, the
Participant’s executors, administrators, heirs, successors, representatives and assignees. 

n.    Titles. Titles are provided herein for convenience only and are not to serve as a basis for
interpretation or construction of this Award Agreement. 
 o.    Compliance with Securities Law.
Notwithstanding any provision of this Award Agreement to the contrary, no exercise of the Option will be permitted and no Shares will be issued hereunder if such exercise or issuance would constitute a violation of any applicable law or regulation
or the requirements of any stock exchange or market system upon which the Shares are then listed. In addition, so long as the Corporation is subject to the Securities Act, no exercise of the Option will be permitted and no Shares will be issued
hereunder unless (a) a registration statement under the Securities Act is in effect at the time of such exercise and issuance with respect to the Shares or (b) in the opinion of legal counsel to the Corporation, such Option exercise and
Shares issuance are permitted in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. The inability of the Corporation to obtain from any regulatory body having jurisdiction the authority, if
any, deemed by the Corporation’s legal counsel to be necessary for the lawful exercise of the Option and issuance of any Shares hereunder will relieve the Corporation of any liability in respect of the failure to permit such Option exercise and
issue such Shares as to which such requisite authority has not been obtained. As a condition to any exercise of Options hereunder, the Corporation may require the Participant to satisfy any requirements that may be necessary or appropriate to
evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such compliance as may be requested by the Corporation. 
  

  
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 p.    Extension if Exercise Prevented by Law.
Notwithstanding the other provisions of this Award Agreement, if the exercise of the Option within the applicable time periods set forth herein is prevented by the provisions of Section 6(p), the Option will remain exercisable until 30 days
after the date you are notified by the Corporation that the Option is exercisable, but in any event no later than the Expiry Date. The Corporation makes no representation as to the tax consequences of any such delayed exercise. The Participant
should consult with his or her own tax advisor as to the tax consequences of any such delayed exercise. 

q.    Data Privacy Waiver. By accepting the grant of the Options, the Participant hereby agrees and
consents to: 
 i.    the collection, use, processing and transfer by the Corporation and
its Affiliates (collectively, the “Group”) of Data (as defined below); 

ii.    any members of the Group transferring Data amongst themselves for the purposes of
implementing, administering and managing the Plan; 
 iii.    the use of such Data by any
such person for such purposes; and 
 iv.    the transfer to and retention of such Data
by third parties in connection with such purposes. 
 For the purposes of this Section 6(r), “Data” means the
Participant’s name, home address and telephone number, date of birth, other employee information, any tax or other identification number, details of all rights to acquire Shares granted to the Participant and of Shares issued or transferred to
the Participant pursuant to the Plan. 
  

			
	DIRTT ENVIRONMENTAL SOLUTIONS LTD.
		
	By:	 	            
	Name:	 	
	Title:	 	

  
 5 

 EXHIBIT A 

ADDITIONAL PROVISIONS FOR 

OPTION AWARD AGREEMENT 

FOR U.S. PARTICIPANTS IN THE 

DIRTT ENVIRONMENTAL SOLUTIONS LTD. 

LONG TERM INCENTIVE PLAN 

The additional terms and conditions of this Exhibit A shall apply to the Award of Options for any Participant who is a U.S.
Participant. 
 1.    ISOs Generally. Any ISO granted to an individual who owns Shares
possessing more than 10% of the total combined voting power of all classes of Shares or its parent or any of its subsidiaries shall (i) have an Exercise Price equal to at least 110% of the Fair Market Value per Share on the Date of Grant and
(ii) not be exercisable for a period for more than five years following the Date of Grant of the ISO. The terms of any ISO granted under the Plan shall comply in all respects with the provisions of Section 422 of the Code. ISOs may only be
granted to employees of the Corporation or employees of a “related corporation” as defined in Treasury Regulation Section 1.421-1(i)(2) (a “Related Corporation”). No term of the
Plan relating to ISOs shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be exercised, so as to disqualify either the Plan or any ISO under Section 422 of the Code, unless notice has been
provided to the Participant that such change will result in such disqualification. ISOs shall not be granted more than ten years after the earlier of the adoption of the Plan or the approval of the Plan by the Corporation’s stockholders.
Notwithstanding the foregoing, to the extent that the aggregate Fair Market Value of Shares subject to an ISO and the aggregate Fair Market Value of shares of stock of any parent or subsidiary corporation (within the meaning of Sections 424(e) and
(f) of the Code) subject to any other incentive stock options of the Corporation or a parent or subsidiary corporation (within the meaning of Sections 424(e) and (f) of the Code) that are exercisable for the first time by a Participant
during any calendar year exceeds $100,000, or such other amount as may be prescribed under Section 422 of the Code, such excess shall be treated as Nonstatutory Options in accordance with the Code. As used in the previous sentence, Fair Market
Value shall be determined as of the date the ISO is granted. For the avoidance of doubt, ISOs shall not be transferable by the Participant other than by will or the laws of descent and distribution and shall be exercisable during the
Participant’s lifetime only by the Participant, in each case, unless otherwise specifically permitted by the Committee in compliance with Section 9(e) of the Plan and pursuant to Section 422 of the Code and the regulations issued
thereunder. With respect to ISOs, if the Plan, the Award Agreement or this Exhibit A does not contain any provision required to be included in the Plan, the Award Agreement or this Exhibit A under Section 422 of the Code, that provision shall
be deemed to be incorporated herein with the same force and effect as if that provision had been set out at length herein; provided, that to the extent any Option that is intended to qualify as an ISO cannot so qualify, that Option (to that extent)
shall be deemed a Nonstatutory Option for all purposes of the Plan. 
 2.    Exercise Period
following Termination Date for ISOs.
[                                        
]. 
 3.    Notice of Disqualifying Dispositions. If the Option is designated as an ISO
in the Notice of Grant, the Participant must comply with the provisions of this Section 3. The Participant must notify the Chief Financial Officer of the Corporation if the Participant disposes of any of the Shares acquired pursuant to the
Option within one year after the date the Participant exercises all or part of the Option or within two years after the Date of Grant no later than thirty (30) days following such disposition. Until such time as the Participant disposes of such
Shares in a manner consistent with the provisions of this Section 3 and the Award Agreement, unless otherwise expressly authorized by the Corporation, the Participant must hold all 

  
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Shares acquired pursuant to the Option in the Participant’s name (and not in the name of any nominee) for the one-year period immediately after the
exercise of the Option and the two-year period immediately after the Date of Grant. At any time during the one-year or two-year
periods set forth above, the Corporation may place a legend on any certificate representing Shares acquired pursuant to the Option requesting the transfer agent for the Corporation’s Shares to notify the Corporation of any such transfers. The
Participant’s obligation to notify the Corporation of any such transfer will continue notwithstanding that a legend has been placed on the certificate pursuant to the preceding sentence. 

4.    Code Section 409A. It is the general intention, but
not the obligation, of the Committee to design Awards to comply with or to be exempt from the limitations and requirements of Section 409A, and Awards will be operated and construed accordingly. Neither the Plan nor the Award Agreement contains
any representation regarding the tax consequences of the grant, vesting, exercise, surrender or sale of the Options (or the Shares acquired following the exercise of such Options), and should not be interpreted as such. In no event shall the
Corporation or Employer be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A.
Notwithstanding any provision in the Plan or the Award Agreement to the contrary, in the event that a “specified employee” (as defined under Section 409A) becomes entitled to a payment under an Option that would be subject to
additional taxes and interest under Section 409A if the Participant’s receipt of such payment or benefits is not delayed until the earlier of (a) the date of the Participant’s death, or (b) the date that is six
(6) months after the Participant’s “separation from service,” as defined under Section 409A (such date, the “Section 409A Payment Date”), then such payment or benefit shall not be provided
to the Participant until the Section 409A Payment Date. Any amounts subject to the preceding sentence that would otherwise be payable prior to the Section 409A Payment Date will be aggregated and paid in a lump sum without interest on the
Section 409A Payment Date.    The applicable provisions of Section 409A are hereby incorporated by reference and shall control over any Plan or Award Agreement provision in conflict therewith; provided, however, in the
case of a U.S. Participant that is also a Canadian Participant, if the applicable provisions of Section 409A are contrary to the provisions of the Tax Act, the more restrictive body of law shall control. 

5.    Termination Date. The Termination Date shall not occur until the date that the
Participant experiences a “separation from service” within the meaning of Section 409A. 

6.    Employment Relationship. Unless otherwise provided in a written employment agreement
or by applicable law, the Participant’s employment or service relationship with the Employer shall be on an at-will basis, and the employment relationship may be terminated at any time by either the
Participant or the Employer for any reason whatsoever, with or without cause. Any question as to whether and when there has been a termination of the employment or service relationship, and the cause of such termination, shall be determined by the
Committee, and its determination shall be final. 
 7.    Conformity to Applicable Law.
The Participant acknowledges that the Plan, the Award Agreement and this Exhibit A are intended to conform to the extent necessary with all applicable laws, including, without limitation, the provisions of the Securities Act and the Exchange Act,
and any and all regulations and rules promulgated thereunder by the Securities and Exchange Commission, and state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Options
granted, only in such a manner as to conform to Applicable Law. To the extent permitted by applicable law, the Plan, the Award Agreement and this Exhibit A shall be deemed amended to the extent necessary to conform to applicable law. 

 

  
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 8.    Limitations Applicable to
Section 16 Persons. Notwithstanding any other provision of the Plan, the Award Agreement or this Exhibit A, if the Participant is subject to Section 16 of the Exchange Act, the Plan, the Options, and the
Award Agreement and this Exhibit A shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of
the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable laws, the Award Agreement and this Exhibit A shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule. 
 9.    Additional Disclosure. Along with the Award Agreement, the
Participant also received a copy of the Form S-8 prospectus summarizing the principal features of the Plan. The Participant should review the plan prospectus carefully so that he or she fully understands his
or her rights and benefits under the Award and the limitations, restrictions and vesting provisions applicable to the Award. 

  
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