Document:

Exhibit 4.8

 

Restricted Stock Unit Agreement

 

This Restricted Stock Unit Agreement (this “Agreement”)
is made and entered into as of [_________], 20[__] (the "Grant Date") by and between Agrify Corporation, a Nevada corporation
(the “Company”) and [________________] (the "Grantee").

 

WHEREAS, the Company has adopted the Agrify Corporation 2022
Omnibus Equity Incentive Plan (the “Plan”) pursuant to which awards of Restricted Stock Units may be granted; and

 

WHEREAS, the Committee has determined that it is in the best
interests of the Company and its shareholders to grant the award of Restricted Stock Units provided for herein.

 

NOW, THEREFORE, the parties hereto, intending to be legally bound,
agree as follows:

 

1.
Grant of Restricted Stock Units.

 

1.1 Pursuant
to Section 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [________]
Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one
share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but
not defined herein have the meaning ascribed to them in the Plan.

 

1.2 The
Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company (the
“Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of
the Company.

 

2.
Consideration. The grant of the Restricted Stock Units is made in consideration of the services to be rendered by the Grantee
to the Company.

 

3.
Vesting.

 

3.1 Except
as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, the Restricted
Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the “Restricted
Period”):

 

	Vesting Date	 	Number of Restricted Stock Units That Vest
	[______________]	 	[__________________]
	[______________]	 	[__________________]

 

Once vested, the Restricted Stock Units
become “Vested Units.”

 

3.2 The
foregoing vesting schedule notwithstanding, if the Grantee’s Continuous Service terminates for any reason at any time before all
of his or her Restricted Stock Units have vested, the Grantee’s unvested Restricted Stock Units shall be automatically forfeited
upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee
under this Agreement.

 

     

     

    

 

4.
Restrictions. Subject to any exceptions set forth in this Agreement or the Plan, during the Restricted Period and until
such time as the Restricted Stock Units are settled in accordance with Section 6, the Restricted Stock Units or the rights relating thereto
may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign,
alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock Units or the rights relating thereto shall be wholly
ineffective and, if any such attempt is made, the Restricted Stock Units will be forfeited by the Grantee and all of the Grantee’s
rights to such units shall immediately terminate without any payment or consideration by the Company.

 

5.
Rights as Shareholder.

 

5.1 The
Grantee shall not have any rights of a shareholder with respect to the shares of Common Stock underlying the Restricted Stock Units unless
and until the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock.

 

5.2 Upon
and following the settlement of the Restricted Stock Units, the Grantee shall be the record owner of the shares of Common Stock underlying
the Restricted Stock Units unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all
rights of a shareholder of the Company (including voting rights).

 

5.3 The
Grantee shall not be entitled to any payments with respect to the Restricted Stock Units to reflect any dividends payable on shares of
Common Stock.

 

6.
Settlement of Restricted Stock Units.

 

6.1 Subject
to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar
year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to
the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect
to the shares of Common Stock delivered to the Grantee.

 

6.2 Notwithstanding
Section 6.1, in accordance with Section 17.5 of the Plan, the Committee may, but is not required to, prescribe rules pursuant to which
the Grantee may elect to defer settlement of the Restricted Stock Units. Any deferral election must be made in compliance with such rules
and procedures as the Committee deems advisable.

 

6.3 To
the extent that the Grantee does not vest in any Restricted Stock Units, all interest in such Restricted Stock Units shall be forfeited.
The Grantee has no right or interest in any Restricted Stock Units that are forfeited.

 

7.
No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon the Grantee any right to be retained
in any position, as an Employee, Consultant or Director of the Company. Further, nothing in the Plan or this Agreement shall be construed
to limit the discretion of the Company to terminate the Grantee’s Continuous Service at any time, with or without Cause.

 

8.
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required,
the Restricted Stock Units shall be adjusted or terminated in any manner as contemplated by Section 14 of the Plan.

 

    2

     

    

 

9.
Tax Liability and Withholding.

 

9.1 The
Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee
pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Units and to take all such other
action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit
the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such
means:

 

(a) tendering
a cash payment.

 

(b) authorizing
the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result
of the vesting of the Restricted Stock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding
the maximum amount of tax required to be withheld by law.

 

(c) delivering
to the Company previously owned and unencumbered shares of Common Stock.

 

9.2 Notwithstanding
any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related
Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes
no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement
of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to
reduce or eliminate the Grantee's liability for Tax-Related Items.

 

10.
Compliance with Law. The issuance and transfer of shares of Common Stock shall be subject to compliance by the Company
and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock
exchange on which the Company's shares of Common Stock may be listed. No shares of Common Stock shall be issued or transferred unless
and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction
of the Company and its counsel.

 

11.
Notices. Any notice required to be delivered to the Company under this Agreement shall be in writing and addressed to the
Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under
this Agreement shall be in writing and addressed to the Grantee at the Grantee’s address as shown in the records of the Company.
Either party may designate another address in writing (or by such other method approved by the Company) from time to time.

 

12.
Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Nevada, without
regard to conflict of law principles.

 

13.
Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Grantee or the Company
to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company.

 

    3

     

    

 

14.
Restricted Stock Units Subject to Plan. This Agreement is subject to the Plan as approved by the Company’s shareholders.
The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event
of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions
of the Plan will govern and prevail.

 

15.
Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement will be binding upon
and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this
Agreement will be binding upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the person(s) to whom
the Restricted Stock Units may be transferred by will or the laws of descent or distribution.

 

16.
Severability. The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the validity
or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable
and enforceable to the extent permitted by law.

 

17.
Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any
time, in its discretion. The grant of the Restricted Stock Units in this Agreement does not create any contractual right or other right
to receive any Restricted Stock Units or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company.
Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the
Grantee's employment with the Company.

 

18.
Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel the Restricted Stock Units, prospectively
or retroactively; provided, that, no such amendment shall adversely affect the Grantee’s material rights under this Agreement without
the Grantee's consent.

 

19.
Section 409A. This Agreement is intended to comply with Section 409A of the Code or an exemption thereunder and shall be
construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section
409A of the Code. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this
Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties,
interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A of the Code.

 

20.
No Impact on Other Benefits. The value of the Grantee’s Restricted Stock Units is not part of his or her normal or
expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

 

21.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which
together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission,
by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and
pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

 

22.
Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and
understands the terms and provisions thereof, and accepts the Restricted Stock Units subject to all of the terms and conditions of the
Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon the vesting or settlement of the Restricted
Stock Units or disposition of the underlying shares and that the Grantee has been advised to consult a tax advisor prior to such vesting,
settlement or disposition.

 

[signature page follows]

 

    4

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first above written.

 

	 	COMPANY
	 	 
	 	AGRIFY CORPORATION
	 	 
	 	By: 	                        
	 	Name: 	 
	 	Title:	 
	 	 
	 	GRANTEE 
	 	 
	 	Name:	 

 

 

5Exhibit 4.9

 

Restricted Stock Unit Agreement

 

This Restricted Stock Unit Agreement (this “Agreement”)
is made and entered into as of [_________], 20[__] (the "Grant Date") by and between Agrify Corporation, a Nevada corporation
(the “Company”) and [________________] (the "Grantee").

 

WHEREAS, the Company has adopted the Agrify Corporation 2022
Omnibus Equity Incentive Plan (the “Plan”) pursuant to which awards of Restricted Stock Units may be granted; and

 

WHEREAS, the Committee has determined that it is in the best
interests of the Company and its shareholders to grant the award of Restricted Stock Units provided for herein.

 

NOW, THEREFORE, the parties hereto, intending to be legally bound,
agree as follows:

 

1.
Grant of Restricted Stock Units.

 

1.1 Pursuant
to Section 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [________]
Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one
share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but
not defined herein have the meaning ascribed to them in the Plan.

 

1.2 The
Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company (the
“Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of
the Company.

 

2.
Consideration. The grant of the Restricted Stock Units is made in consideration of the services to be rendered by the Grantee
to the Company.

 

3.
Vesting.

 

3.1 Except
as otherwise provided herein, provided that to the Grantee remains in Continuous Service through the applicable vesting date, the Restricted
Stock Units will vest in accordance with the following schedule (the period during which restrictions apply, the “Restricted
Period”):

 

	Vesting Date	Number of Restricted Stock Units That Vest
	[______________]	[__________________]
	[______________]	[__________________]

 

Once vested, the Restricted Stock Units
become "Vested Units."

 

3.2 The
foregoing vesting schedule notwithstanding, if the Grantee’s Continuous Service terminates for any reason at any time before all
of his or her Restricted Stock Units have vested, the Grantee’s unvested Restricted Stock Units shall be automatically forfeited
upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the Grantee
under this Agreement.

 

     

     

    

 

4.
Restrictions. Subject to any exceptions set forth in this Agreement or the
Plan, during the Restricted Period and until such time as the Restricted Stock Units are settled in accordance with Section 6, the Restricted
Stock Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered
by the Grantee. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock Units or
the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Restricted Stock Units will be forfeited
by the Grantee and all of the Grantee’s rights to such units shall immediately terminate without any payment or consideration by
the Company.

 

5.
Rights as Shareholder.

 

5.1 The
Grantee shall not have any rights of a shareholder with respect to the shares of Common Stock underlying the Restricted Stock Units unless
and until the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock.

 

5.2 Upon
and following the settlement of the Restricted Stock Units, the Grantee shall be the record owner of the shares of Common Stock underlying
the Restricted Stock Units unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all
rights of a shareholder of the Company (including voting rights).

 

5.3 The
Grantee shall not be entitled to any payments with respect to the Restricted Stock Units to reflect any dividends payable on shares of
Common Stock.

 

6.
Settlement of Restricted Stock Units.

 

6.1 Subject
to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar
year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to
the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect
to the shares of Common Stock delivered to the Grantee.

 

6.2 Notwithstanding
Section 6.1, in accordance with Section 17.5 of the Plan, the Committee may, but is not required to, prescribe rules pursuant to which
the Grantee may elect to defer settlement of the Restricted Stock Units. Any deferral election must be made in compliance with such rules
and procedures as the Committee deems advisable.

 

6.3 To
the extent that the Grantee does not vest in any Restricted Stock Units, all interest in such Restricted Stock Units shall be forfeited.
The Grantee has no right or interest in any Restricted Stock Units that are forfeited.

 

7.
No Right to Continued Service on the Board. Neither the Plan nor this
Agreement shall confer upon the Grantee any right to be retained in any position, as an Employee, Consultant or Director of the Company.

 

8.
Adjustments. If any change is made to the outstanding Common Stock or the
capital structure of the Company, if required, the Restricted Stock Units shall be adjusted or terminated in any manner as contemplated
by Section 14 of the Plan.

 

    2

     

    

 

9.
Tax Liability and Withholding.

 

9.1 The
Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee
pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Units and to take all such other
action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit
the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such
means:

 

(a) tendering
a cash payment.

 

(b) authorizing
the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result
of the vesting of the Restricted Stock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding
the maximum amount of tax required to be withheld by law.

 

(c) delivering
to the Company previously owned and unencumbered shares of Common Stock.

 

9.2 Notwithstanding
any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related
Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes
no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement
of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to
reduce or eliminate the Grantee's liability for Tax-Related Items.

 

10.
Compliance with Law. The issuance and transfer of shares of Common Stock shall
be subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with
all applicable requirements of any stock exchange on which the Company's shares of Common Stock may be listed. No shares of Common Stock
shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have
been fully complied with to the satisfaction of the Company and its counsel.

 

11.
Notices. Any notice required to be delivered to the Company under this Agreement
shall be in writing and addressed to the Secretary of the Company at the Company’s principal corporate offices. Any notice required
to be delivered to the Grantee under this Agreement shall be in writing and addressed to the Grantee at the Grantee’s address as
shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company)
from time to time.

 

12.
Governing Law. This Agreement will be construed and interpreted in accordance
with the laws of the State of Nevada, without regard to conflict of law principles.

 

13.
Interpretation. Any dispute regarding the interpretation of this Agreement
shall be submitted by the Grantee or the Company to the Committee (excluding the Grantee if the Grantee serves on the Committee) for
review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company.

 

    3

     

    

 

14.
Restricted Stock Units Subject to Plan. This Agreement is subject to the Plan
as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby
incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of
the Plan, the applicable terms and provisions of the Plan will govern and prevail.

 

15.
Successors and Assigns. The Company may assign any of its rights under this
Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee and the Grantee’s beneficiaries, executors,
administrators and the person(s) to whom the Restricted Stock Units may be transferred by will or the laws of descent or distribution.

 

16.
Severability. The invalidity or unenforceability of any provision of the Plan
or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision
of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law.

 

17.
Discretionary Nature of Plan. The Plan is discretionary and may be amended,
cancelled or terminated by the Company at any time, in its discretion. The grant of the Restricted Stock Units in this Agreement does
not create any contractual right or other right to receive any Restricted Stock Units or other Awards in the future. Future Awards, if
any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change
or impairment of the terms and conditions of the Grantee's membership on the Board.

 

18.
Amendment. The Committee has the right to amend, alter, suspend, discontinue
or cancel the Restricted Stock Units, prospectively or retroactively; provided, that, no such amendment shall adversely affect the Grantee’s
material rights under this Agreement without the Grantee's consent.

 

19.
Section 409A. This Agreement is intended to comply with Section 409A of the
Code or an exemption thereunder and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding
additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company makes no representations that
the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable
for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance
with Section 409A of the Code.

 

20.
Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this
Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means
intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the
paper document bearing an original signature.

 

21.
Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan
and this Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the Restricted Stock Units subject
to all of the terms and conditions of the Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences
upon the vesting or settlement of the Restricted Stock Units or disposition of the underlying shares and that the Grantee has been advised
to consult a tax advisor prior to such vesting, settlement or disposition.

 

[signature page follows]

 

    4

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first above written.

 

	 	COMPANY
	 	 
	 	AGRIFY CORPORATION
	 	 
	 	By:	                     
	 	Name: 	 
	 	Title:	 
	 	 
	 	GRANTEE 
	 	 
	 	
	 	Name:	 

 

 

5

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