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Exhibit  10.19(b)

2022 OUTPERFORMANCE PROGRAM AWARD AGREEMENT
THIS 2022 OUTPERFORMANCE PROGRAM AWARD AGREEMENT (the “Agreement”), made this [______] day of January, 2022, between Welltower Inc., a Delaware corporation (the “Corporation”), and [________________] (the “Participant”).
WHEREAS, the Participant is an employee of the Corporation; and
WHEREAS, the Corporation adopted the Welltower Inc. 2016 Long-Term Incentive Plan (the “Plan”) and the 2022 Outperformance Program (the “OPP”) in order to provide select executives and key employees with incentives to achieve long-term corporate objectives; and
WHEREAS, the Compensation Committee of the Corporation’s Board of Directors has determined that the Participant should be granted a restricted stock unit award subject to performance-based vesting conditions on the terms set forth in the OPP and herein; 
WHEREAS, the restricted stock unit award granted to the Participant shall be payable in shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”), upon the satisfaction of the conditions set forth below and in accordance with the terms of the OPP.
NOW, THEREFORE, in consideration of the past and future services provided to the Corporation by the Participant and the various covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:
1.GRANT OF AWARD.
(a)The Corporation hereby grants to the Participant an award of [____] restricted stock units (the “Award”) on January [_____], 2022 (the “Date of Grant”), payable in shares of Common Stock.  Such number of restricted stock units represents the maximum number of shares of Common Stock that may be issued to the Participant as an Earned Award.  The Participant further acknowledges and agrees that the number of shares of Common Stock ultimately issued to the Participant under this Agreement as an Earned Award may be less than such maximum number.   
(b)The Participant shall not be required to provide the Corporation with any payment (other than his or her past and future services to the Corporation) in exchange for the Award or in exchange for the issuance of shares of Common Stock (upon the determination of the Earned Award and satisfaction of the applicable periods of continued service with the Corporation).
2.DELIVERY OF SHARES.
(a)    The Participant shall not be entitled to the issuance of shares of Common Stock or to receive any distributions with respect to the Award until the determination of the Earned Award as provided in the OPP and in Section 3 or 5 below.  Further, the Participant shall not have any of the rights and privileges of a stockholder of the Corporation (including voting rights and the right to receive dividends) until the shares of Common Stock are issued to the Participant.  However, dividend equivalents shall accrue on the restricted stock units subject to an award during the period beginning on the Date of Grant of the Award and ending on the Issuance Date, which dividend equivalents will be paid with respect to the Participant’s Earned Award at the same time that shares of Common Stock are paid in accordance with the terms of the OPP.  For avoidance of doubt, any dividend equivalents accrued with respect to any portion of an Award that is not the Earned Award shall not be paid and shall be forfeited. 
(b)    The Participant’s Award, including any rights thereunder, may not be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the Participant, and the underlying shares of Common Stock potentially issuable to the Participant under this Agreement may not be sold, transferred, assigned, pledged or otherwise encumbered by the Participant until such shares are so issued and cease to be subject to a risk of forfeiture.  Any attempt to dispose of the Participant’s Award or shares issued thereunder in a manner contrary to the restrictions set forth in this Agreement shall be ineffective, null and void.
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3.ISSUANCE OF SHARES.
The Corporation shall issue shares of Common Stock to the Participant in accordance with the provisions of Section 8 of the OPP.  
4.TAX WITHHOLDING.
The Corporation shall satisfy its tax withholding obligations in accordance with Section 11 of the OPP.
5.TERMINATION OF EMPLOYMENT.
In the event of the end of the Participant’s employment with the Corporation prior to the time that all vested shares of Common Stock, if any, are issued under the OPP, the Award shall be administered in accordance with Section 7 of the OPP.  
6.DEFINITIONS.
Capitalized terms used herein without definitions shall have the meanings given to those terms in the OPP.
7.SECURITIES LAWS.
The Corporation may from time to time impose such conditions on the vesting of the Award, and/or the issuance of shares of Common Stock upon vesting of the Award, as it deems reasonably necessary to ensure that any grant of the Award and issuance of shares of Common Stock under this Agreement will satisfy the applicable requirements of federal and state securities laws.  Such conditions may include, without limitation, the partial or complete suspension of the right to receive shares of Common Stock until the Common Stock has been registered under the Securities Act of 1933, as amended.  In all events, if the issuance of any shares of Common Stock is delayed by application of this Section 7, such issuance shall occur on the earliest date on which it would not violate applicable law.
8.GRANT NOT TO AFFECT EMPLOYMENT.
Neither this Agreement nor the Award granted hereunder shall confer upon the Participant any right to continued employment with the Corporation.  This Agreement shall not in any way modify or restrict any rights the Corporation may have to terminate such employment.
9.ADJUSTMENTS TO AWARD.
In the event of any change or changes in the outstanding Common Stock by reason of any stock dividend, recapitalization, reorganization, merger, consolidation, split-up, combination or any similar transaction, the Award granted to the Participant under this Agreement shall be adjusted by the Compensation Committee pursuant to Section 11.2 of the Plan in such manner as the Compensation Committee deems appropriate to prevent substantial dilution or enlargement of the rights granted to the Participant.

10.MISCELLANEOUS.
(a)This Agreement may be executed in one or more counterparts, all of which taken together will constitute one and the same instrument.
(b)The terms of this Agreement may only be amended, modified or waived by a written agreement executed by both of the parties hereto.
(c)The provisions of the Plan and OPP are hereby made a part of this Agreement.  In the event of any conflict between the provisions of this Agreement and those of the Plan or the OPP, the provisions of the Plan and the OPP shall control.
(d)The Award granted under this Agreement is intended to be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), under the exemption for “short-term deferrals” under Treasury Regulation Section 1.409A-1(b)(4), and shall be interpreted in a manner consistent with the requirements for such exemption.  To the extent that changes are 

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necessary to ensure that the Award and any related dividend equivalent rights comply with any additional requirements for such exemption imposed by future IRS guidance on the application of Section 409A of the Code, the Participant and the Corporation agree to cooperate and work together in good faith to timely amend this Agreement so that the Award and any dividend equivalent rights will not be treated as deferred compensation subject to the requirements of Section 409A of the Code.
(e)The validity, performance, construction and effect of this Agreement shall be governed by the laws of the State of Ohio, without giving effect to principles of conflicts of law; provided, however, that matters of corporate law, including the issuance of shares of Common Stock, shall be governed by the General Corporation Law of the State of Delaware.

IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written.
PARTICIPANT    WELLTOWER INC.
________________________________    By: ______________________________
[Signature]     [Signature]
 
Name: __________________________             Name: ___________________________

                             Title: ____________________________

   3Exhibit 4.1

 

DESCRIPTION OF THE REGISTRANT’S
SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

The following is a summary of all
material characteristics of the capital stock of Kaival Brands Innovations Group, Inc., a Delaware corporation (“Kaival Brands,”
the “Company,” “we,” “us,” or “our”), as set forth in our Amended and Restated
Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and our Bylaws (the “Bylaws”),
and as registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The summary
does not purport to be complete and is qualified in its entirety by reference to our Certificate of Incorporation and our Bylaws,
each of which are incorporated by reference as exhibits to the Annual Report on Form 10-K of which this Exhibit 4.1 is a part and
to the provisions of the Delaware General Corporate Law (the “DGCL”). We encourage you to review complete copies of
our Certificate of Incorporation and our Bylaws, and the applicable provisions of the DGCL for additional information.

 

General

 

Our authorized capital stock consists
of 1,005,000,000 shares, divided into 1,000,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”),
and 5,000,000 shares of preferred stock, par value $0.001 per share (“Preferred Stock”). Under our Certificate of Incorporation,
our board of directors (our “Board”) has the authority to issue such shares of Common Stock and Preferred Stock in
one or more classes or series, with such voting powers, designations, preferences and relative, participating, optional or other
special rights, if any, and such qualifications, limitations or restrictions thereof, if any, as shall be provided for in a resolution
or resolutions adopted by our Board and filed as designations.

 

Common Stock

 

As of February 11, 2022, 30,233,319
shares of our Common Stock were outstanding.

 

Holders of our Common Stock are entitled
to one vote for each share held of record on all matters submitted to a vote of stockholders, including the election of directors,
and are entitled to receive dividends when and as declared by our Board out of funds legally available therefore for distribution
to stockholders and to share ratably in the assets legally available for distribution to stockholders in the event of the liquidation
or dissolution, whether voluntary or involuntary, of the Company. We have not paid any dividends and do not anticipate paying any
dividends on our Common Stock in the foreseeable future. It is our present policy to retain earnings, if any, for use in the development
of our business. Our Common Stockholders do not have cumulative voting rights in the election of directors and have no preemptive,
subscription, or conversion rights. Our Common Stock is not subject to redemption by us.

 

The transfer agent and registrar for
our Common Stock is vStock Transfer, LLC

 

Preferred Stock

 

Of the 5,000,000 shares of Preferred
Stock authorized, our Board has previously designated:

 

	 	●	3,000,000 shares of Preferred Stock as Series A Convertible Preferred Stock (the “Series A Preferred Stock”), of which 3,000,000 shares remain outstanding.

 

Of the 5,000,000 shares of Preferred
Stock, 2,000,000 shares of our Preferred Stock remain available for designation by our Board. Accordingly, our Board is empowered,
without stockholder approval, to issue Preferred Stock with dividend, liquidation, conversion, voting or other rights that could
adversely affect the voting power or other rights of the holders of Common Stock. The issuance of Preferred Stock could have the
effect of restricting dividends on the Common Stock, diluting the voting power of the Common Stock, impairing the liquidation rights
of the Common Stock, or delaying or preventing a change in control of us, all without further action by our stockholders.

 

Series A Convertible Preferred Stock

The Series A Convertible Preferred Stock have the following terms:

 

Liquidation Preference. If we
liquidate, dissolve, or wind up, holders of the Series A Preferred Stock will have the right to receive an amount equal to $1.00
in the aggregate for all issued and outstanding shares of Series A Preferred Stock (as adjusted for any stock dividends, combinations,
splits, recapitalizations, and the like with respect to such shares) (the “Preference Value”). After the payment of
the full applicable Preference Value of the then issued and outstanding shares of the Series A Preferred Stock, our remaining assets
legally available for distribution, if any, will be distributed ratably to the holders of our Common Stock.

 

Dividends. The holders of the
Series A Preferred Stock do not have any preferential dividend rights and are entitled to receive dividends, if any, only if, when,
and as declared by our Board in its sole and absolute discretion.

 

Voting Rights. The holders of
the Series A Preferred Stock do not have any voting rights.

 

Conversion Rights. Each share
of Series A Preferred Stock is convertible into approximately 8.33 shares of Common Stock. The holders of the Series A Preferred
Stock may convert their Series A Preferred Stock at any time on or after November 1, 2023. Notwithstanding the foregoing, the holders
of the Series A Preferred Stock may convert their shares of Series A Preferred Stock prior to November 1, 2023 if a change of control
(as provided for in the Certificate of Designation of Preferences, Rights, and Limitations of the Series A Preferred Stock) or
upon the occurrence of any other event as determined and agreed to by us and the holders holding a majority of the issued and outstanding
shares of Series A Preferred Stock. The shares of Common Stock to be issued upon conversion will bear a restricted legend.

 

Ranking. All series of preferred
stock, whether now or hereafter designated, may by their respective terms have a preference over the Series A Preferred Stock in
respect of distribution upon liquidation, dividends, or any other right or matter.

 

    	 

    	 

    

 

Certain Provisions of our Certificate
of Incorporation, our Bylaws, and the DGCL

 

Certain provisions in our Certificate
of Incorporation and Bylaws, as well as certain provisions of the DGCL, may be deemed to have an anti-takeover effect and may delay,
deter, or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, including attempts
that might result in a premium being paid over the market price of the shares held by stockholders. These provisions contained
in our Certificate of Incorporation and Bylaws include the items described below.

 

	 	●	Special Meetings of Stockholders. Our Bylaws provide that special meetings of our stockholders may be called only by a majority of our Board, the President, Chief Executive Officer, or the Secretary.
	 	 	 
	 	●	No Cumulative Voting. Our Certificate of Incorporation does not include a provision for cumulative voting for directors. Under cumulative voting, a minority stockholder holding a sufficient percentage of a class of shares could be able to ensure the election of one or more directors.
	 	 	 
	 	●	Undesignated Preferred Stock. Because our Board has the power to establish the preferences and rights of the shares of any additional series of Preferred Stock, it may afford holders of any Preferred Stock preferences, powers, and rights, including voting and dividend rights, senior to the rights of holders of our Common Stock, which could adversely affect the holders of Common Stock and could discourage a takeover of us even if a change of control of the Company would be beneficial to the interests of our stockholders.
	 	 	 
	 	●	Our Officers Beneficially Own a Majority of Our Capital Stock. Our executive officers and sole directors beneficially own more than a majority of our Common Stock and own all of the issued and outstanding shares of Series A Preferred Stock. Accordingly, they are able to control all matters related to the Company.

 

These and other provisions contained
in our Certificate of Incorporation and Bylaws are expected to discourage coercive takeover practices and inadequate takeover bids.
These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate with our Board. However,
these provisions could delay or discourage transactions involving an actual or potential change in control of us, including transactions
in which stockholders might otherwise receive a premium for their shares over then current prices. Such provisions could also limit
the ability of stockholders to remove current management or approve transactions that stockholders may deem to be in their best
interests.

 

In addition, we are subject to the provisions
of Section 203 of the DGCL. Section 203 of the DGCL prohibits a publicly-held Delaware corporation from engaging in a “business
combination” with an “interested stockholder” for a period of three years after the person became an interested
stockholder, unless:

 

	 	●	The board of directors of the corporation approved the business combination or other transaction in which the person became an interested stockholder prior to the date of the business combination or other transaction;
	 	 	 
	 	●	Upon consummation of the transaction that resulted in the person becoming an interested stockholder, the person owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding, shares owned by persons who are directors and also officers of the corporation and shares issued under which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
	 	 	 
	 	●	on or subsequent to the date the person became an interested stockholder, the board of directors of the corporation approved the business combination and the stockholders of the corporation authorized the business combination at an annual or special meeting of stockholders by the affirmative vote of at least 66-2/3% of the outstanding voting stock of the corporation that is not owned by the interested stockholder.

 

A “business combination”
includes mergers, asset sales, and other transactions resulting in a financial benefit to the interested stockholder. Subject to
certain exceptions, an “interested stockholder” is a person who, together with affiliates and associates, owns, or
within the prior three years did own, 15% or more of a corporation’s voting stock.

 

Section 203 of the DGCL could depress
our stock price and delay, discourage, or prohibit transactions not approved in advance by our Board, such as takeover attempts
that might otherwise involve the payment to our stockholders of a premium over the market price of our Common Stock.

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