Document:

EX-10.34

 Exhibit 10.34 
 ALIMERA SCIENCES, INC. 2010 EQUITY INCENTIVE PLAN: 

NOTICE OF STOCK UNIT AWARD 

You have been granted units representing shares of Common Stock of Alimera Sciences, Inc. (the “Company”) on the following
terms: 
  

			
		
	 Name of Recipient:
	  	«Name»
		
	 Total Number of Units Granted:
	  	«TotalUnits»
		
	 Date of Grant:
	  	«DateGrant»
		
	 Vesting Commencement Date:
	  	«VestDay»
		
	 Vesting Schedule:
	  	The first «CliffPercent»% of the units subject to this award will vest when you complete «CliffPeriod» months of continuous “Service” (as defined
in the Plan) after the Vesting Commencement Date. Thereafter, an additional «IncrementPercent»% of the units subject to this award will vest when you complete each «IncrementPeriod»-month period of continuous
Service.

 You and the Company agree that these units are granted under and governed by the terms and conditions of
the 2010 Equity Incentive Plan (the “Plan”) and the Stock Unit Agreement, both of which are attached to and made a part of this document. 
 You further agree that the Company may deliver by email all documents relating to the Plan or this award (including, without limitation, prospectuses required by the Securities and Exchange Commission)
and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website
maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a website, it will notify you by email. This consent will remain in effect until you give the Company written notice that it
should deliver paper documents. 
 You further agree to comply with the Company’s Securities Trading Policy when
selling shares of the Company’s Common Stock. 
  

							
	RECIPIENT:	 		 	ALIMERA SCIENCES, INC.
				
	 	 		 	By:	 	 
		 		 	Title:	 	 

  
 1 

 ALIMERA SCIENCES, INC. 2010
EQUITY INCENTIVE PLAN: 
 STOCK UNIT
AGREEMENT 
  

			
		
	 Payment for Units
	  	No payment is required for the units that you are receiving.
		
	 Vesting
	  	The units vest in installments, as shown in the Notice of Stock Unit Award.
		
		  	No additional units vest after your Service has terminated for any reason.
		
	 Forfeiture
	  	If your Service terminates for any reason, then your units will be forfeited to the extent that they have not vested before the termination date. This means that any units that have
not vested under this Agreement will be cancelled immediately. You receive no payment for units that are forfeited. The Company determines when your Service terminates for this purpose.
		
	 Settlement of Units
	  	 Each unit will be settled on the first Permissible Trading Day that occurs on or after the day when the unit vests. However, each unit
must be settled not later than the March 15 of the calendar year following the calendar year in which the unit vests.
 At the time of
settlement, you will receive one share of the Company’s Common Stock for each vested unit. But the Company, at its sole discretion, may substitute an equivalent amount of cash if the distribution of stock is not reasonably practicable due to
the requirements of applicable law. The amount of cash will be determined on the basis of the market value of the Company’s Common Stock at the time of settlement.

  
 2 

			
		
	 “Permissible Trading Day”
	  	 “Permissible Trading Day” means a day that satisfies each of the following requirements:

 

•      The Nasdaq Global Market is open for trading on that
day;
  

•      You are permitted to sell shares of the Company’s
Common Stock on that day without incurring liability under Section 16(b) of the Securities Exchange Act of 1934, as amended;
  

•      Either (a) you are not in possession of material
non-public information that would make it illegal for you to sell shares of the Company’s Common Stock on that day under Rule 10b-5 of the Securities and Exchange Commission or (b) Rule 10b5 1 of the Securities and Exchange Commission is
applicable;
  
 •      Under the Company’s Securities Trading Policy, you are permitted to sell shares of the Company’s Common Stock on that day; and

 

•      You are not prohibited from selling shares of the
Company’s Common Stock on that day by a written agreement between you and the Company or a third party.

		
	 Nature of Units
	  	Your units are mere bookkeeping entries. They represent only the Company’s unfunded and unsecured promise to issue shares of Common Stock (or distribute cash) on a future date.
As a holder of units, you have no rights other than the rights of a general creditor of the Company.
		
	 No Voting Rights or Dividends
	  	Your units carry neither voting rights nor rights to cash dividends. You have no rights as a stockholder of the Company unless and until your units are settled by issuing shares of
the Company’s Common Stock.
		
	 Units Nontransferable
	  	You may not sell, transfer, assign, pledge or otherwise dispose of any units. For instance, you may not use your units as security for a loan.
		
	 Beneficiary Designation
	  	You may dispose of your units in a written beneficiary designation. A beneficiary designation must be filed with the Company on the proper form. It will be recognized only if it has
been received at the Company’s headquarters before your death. If you file no beneficiary designation or if none of your designated beneficiaries survives you, then your estate will receive any vested units that you hold at the time of your
death.

  
 3 

			
		
	 Withholding Taxes
	  	No stock certificates or cash will be distributed to you unless you have made arrangements satisfactory to the Company for the payment of any withholding taxes that are due as a
result of the vesting or settlement of this award. These arrangements include payment in cash. With the Company’s consent, these arrangements may also include (a) payment from the proceeds of the sale of shares through a Company-approved
broker, (b) withholding shares of Company stock that otherwise would be issued to you when the units are settled, (c) surrendering shares that you previously acquired or (d) withholding cash from other compensation. The fair market
value of withheld or surrendered shares, determined as of the date when taxes otherwise would have been withheld in cash, will be applied to the withholding taxes.
		
	 Restrictions on Resale
	  	You agree not to sell any shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will
apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify.
		
	 Employment at Will
	  	Your award or this Agreement does not give you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the
right to terminate your Service at any time, with or without cause.
		
	 Adjustments
	  	In the event of a stock split, a stock dividend or a similar change in Company stock, the number of your units will be adjusted accordingly, as the Company may determine pursuant to
the Plan.
		
	 Effect of Merger
	  	If the Company is a party to a merger, consolidation or reorganization, then your units will be subject to Section 11.3 of the Plan, provided that any action taken must either
(a) preserve the exemption of your units from Section 409A of the Code or (b) comply with Section 409A of the Code.
		
	 Applicable Law
	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions).
		
	 The Plan and Other Agreements
	  	 The text of the Plan is incorporated in this Agreement by reference.

 
 The Plan, this Agreement and the Notice of Stock Unit Award constitute the entire
understanding between you and the Company regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement between the
parties.

  
 4 

 BY SIGNING THE COVER
SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE 

TERMS AND CONDITIONS DESCRIBED ABOVE AND
IN THE PLAN. 

  
 5Amending Offering Letter

 EXHIBIT 10.17 
 March 26, 2012 
 BY COURIER 

Legend Energy Canada Ltd. 
 840 – 6 Avenue
SW, Suite 230 
 Calgary, AB T2P 3E5 

ATTENTION:    Mr. Marshall Diamond-Goldberg 
                                  
           President 
 Dear Sir: 

RE:    CREDIT FACILITIES – NATIONAL BANK OF CANADA / LEGEND ENERGY CANADA LTD. 

We are pleased to advise that National Bank of Canada has approved the following amendments to the Credit Facilities for Legend Energy Canada Ltd.,
subject to the terms and conditions of the accepted Offering Letter dated August 12, 2011, which shall remain in full force and effect unless superseded below. 
  

			
		
	BORROWER:	  	LEGEND ENERGY CANADA LTD. (the “Borrower” or “Loan Party”).
		
	GUARANTOR:	  	LEGEND OIL AND GAS LTD. (the “Guarantor”)
		
		  	The Borrower and the Guarantor are collectively referred to as “Loan Parties”, and each, a “Loan Party”.
		
	LENDER:	  	NATIONAL BANK OF CANADA (the “Bank”).
		
	CREDIT FACILITY A:	  	REVOLVING OPERATING DEMAND LOAN (the “Credit Facility A”).
		
	MAXIMUM AMOUNT:	  	$4,000,000.
		
	PURPOSE:	  	Credit Facility A shall only be used for the Borrower’s general corporate purposes including capital expenditures.
		
	CREDIT FACILITY B:	  	MASTERCARD FACILITY (the “Credit Facility B”).
		
	MAXIMUM AMOUNT:	  	$20,000.
		
	CREDIT FACILITY C:	  	BRIDGE DEMAND LOAN (the “Credit Facility C”).
		
	MAXIMUM AMOUNT:	  	$1,500,000.
		
	PURPOSE:	  	For temporary working capital purposes.
		
	AVAILABILITY:	  	Prime Rate loan (“Prime Rate Loan”) in Canadian dollars, available by way of one draw.
		
	REPAYMENT:	  	Interest only, but subject to Availability, interest, and the Bank’s right of demand, with this Credit Facility C being due and payable in full upon the earlier of equity
issuance and/or Review, and in any case, no later than May 31, 2012.

			
		
	INTEREST RATE:	  	The Borrower shall pay interest calculated daily and payable monthly, not in advance, on the outstanding principal amount of Prime Rate Loan(s) drawn under the Credit Facility C
at a rate per annum equal to the Prime Rate as designated from time to time by the Bank plus two percent (Prime Rate + 2.0% p.a.). Interest at the aforesaid rate shall be due and payable on the 26th day of each and every month until all amounts
owing to the Bank are paid in full. Interest shall be paid via automatic debit to the Borrower’s account at the Calgary Branch of the Bank.
		
		  	As of this date, the Bank’s Prime Rate is 3.0% per annum.
		
	BRIDGE FEE:	  	$15,000, due and payable upon provision of this Offering Letter. Non-refundable.
		
	EVIDENCE OF DEBT:	  	Variable Rate Demand Promissory Note and the records of the Bank. Such records maintained by the Bank shall constitute in the absence of manifest error prima facie evidence of
the obligations of the Borrower to the Bank in respect of Advances made. The failure by the Bank to correctly record any such amount or date shall not adversely affect the obligations of the Borrower to pay amounts due hereunder to the Bank in
accordance with this Offering Letter.
		
		  	FOR ALL CREDIT FACILITIES
		
	INTERPRETATION:	  	In this Amending Offering Letter, unless otherwise specifically provided, words importing the singular will include the plural and vice versa, words importing gender shall
include the masculine, the feminine and the neuter, and “in writing” or “written” includes printing, typewriting or any electronic means of communication capable of being visibly reproduced at the point of reception, including by
facsimile.
		
	SECURITY:	  	The following security shall be completed, duly executed, delivered, and registered, where necessary, to the entire satisfaction of the Bank and its counsel. All present and
future security (the “Security”) and the terms thereof shall be held by the Bank as continuing security for all present and future debts, obligations and liabilities (whether direct or indirect, absolute or contingent) of the Loan Parties
to the Bank including without limitation for the repayment of all loans and advances made hereunder and for other loans and advances that may be made from time to time in the future whether hereunder or otherwise. For greater certainty, all
Financial Instruments, including without limitation swaps and forwards, entered into at any time with the Bank (or any of its subsidiaries or affiliates from time to time) are deemed to be debts, obligations and liabilities of the Borrower and are
secured by the Security on a pari passu basis and shall rank pari passu with all other indebtedness under the Credit Facilities. Where applicable, the Security will be in the Bank’s standard form.
		
		  	To Be Obtained:
		
		  	 1.      Accepted Amending Offering Letter dated March 26, 2012.

		
		  	 2.      Such other security, documents, and agreements that the Bank or its legal counsel may
reasonably request.

			
	CONDITIONS	  	
	PRECEDENT:	  	Prior to any additional advances under the Credit Facilities, the Borrower shall have provided, executed or satisfied the following, to the Bank’s satisfaction (collectively
with all other conditions precedent set out in this Amending Offering Letter, the “Conditions Precedent”):
		
		  	 1.      A Variable Rate Demand Promissory Note in the face amount of $1,500,000 duly executed
and delivered to the Bank by the Borrower.

		
		  	 2.      All Security shall be duly completed, authorized, executed, delivered by each Loan Party
which is a party thereto, and registered, all to the satisfaction of the Bank and its counsel.

		
		  	 3.      All fees due and payable to the Bank shall have been paid.

		
		  	 4.      Any other document that may be reasonably requested by the Bank.

		
		  	The above conditions are inserted for the sole benefit of the Bank, and may be waived by the Bank in whole or in part (with or without terms or conditions) in respect of any
particular Advance, provided that any waiver shall not be binding unless given in writing and shall not derogate from the right of the Bank to insist on the satisfaction of any condition not expressly waived in writing or to insist on the
satisfaction of any condition waived in writing which may be requested in the future.
		
	CONDITIONS	  	
	SUBSEQUENT:	  	 1.      Minimum equity issuance of $1,500,000 by no later than May 31, 2012, from which proceeds
will be used to payout and cancel Credit Facility C.

		
		  	 Priorto April 13, 2012, The Borrower shall have provided, executed or satisfied the following, to the Bank’s satisfaction
(collectively with all other conditions subsequent set out in this Amending Offering Letter, the “Conditions Subsequent”):

		
		  	 2.      Unlimited Guarantee of the Borrower from Legend Oil and Gas Ltd. supported by U.S.
Security Agreement, as applicable.

		
		  	 3.      Legal Opinion of the Bank’s counsel.

		
	REVIEW:	  	Without detracting from the demand nature of the Credit Facilities, the Credit Facilities are subject to periodic review by the Bank in its sole discretion (each such review is
referred to in this Amending Offering Letter as a “Review”). The next Review is scheduled on or before May 31, 2012, but may be set at an earlier or later date at the sole discretion of the Bank.
		
	EXPIRY DATE:	  	This Amending Offering Letter is open for acceptance until March 30, 2012 (as may be extended from time to time as follows, the “Expiry Date”) at which time it shall
expire unless extended by mutual consent in writing. We reserve the right to cancel our offer at any time prior to acceptance.

 If the foregoing terms and conditions are acceptable, please sign two copies of this Amending Offering Letter and return
one copy to the Bank by the Expiry Date. This Amending Offering Letter may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and such counterparts together shall constitute one
and the same agreement. The delivery of a facsimile or other electronic copy of an executed counterpart of this Amending Offering Letter shall be deemed to be valid execution and delivery of this Amending Offering Letter, but the party delivering a
facsimile or other electronic copy shall deliver an original copy of this Amending Offering Letter as soon as possible after delivering the facsimile or other electronic copy. 

 National Bank of Canada appreciates the opportunity of providing this Amending Offering Letter to Legend
Energy Canada Ltd. We look forward to our continuing and mutually beneficial relationship. 
 Yours truly, 

NATIONAL BANK OF CANADA 
  

			
	/s/ Robert K. Chorley	 	/s/ David R. Forsyth
	Director	 	Managing Director
	Energy Group	 	Energy Group

  

	
	/gm
	Enclosure

  

					
	AGREED AND ACCEPTED this 27th day of March, 2012.	 	
		
	LEGEND ENERGY CANADA LTD.	 	
			
	Per:    	 	 /s/ Marshal Diamond-Goldberg
	 	
			
	 Per:    
	 	 /s/ Kyle Severson
	 	
		
	LEGEND OIL AND GAS LTD., as Guarantor	 	
			
	Per:    	 	 /s/ James Vandeberg
	 	

 APPENDIX A 

 

							
	CREDIT:	  	Energy Group	  	Director:	  	Mr. Robert Chorley
		  	National Bank of Canada	  	Telephone:	  	(403) 294-4920
		  	311 – 6 Avenue SW, Suite 1800	  	Facsimile:	  	(403) 294-3078
		  	Calgary, AB T2P 3H2	  	E-mail:	  	
		  	robert.chorley@nbc.ca	  		  	
		  		  	Associate:	  	Ms. Audrey Ng
		  		  	Telephone:	  	(403) 294-4966
		  		  	Facsimile:	  	(403) 294-3078
		  		  	E-mail:	  	audrey.ng@nbc.ca
				
	ADMINISTRATION:	  	BA Administration; Current	  	Account Representative:	  	Ms. Gerry McLean
		  	Account Documents; L/C/Gs;	  	Telephone:	  	(403) 294-4922
		  	MasterCard; Loan/Account	  	Facsimile:	  	(403) 294-3078
		  	Balances; CAD/USD Money	  	E-mail:	  	gerry.mclean@nbc.ca
		  	Orders/Bank Drafts; Bank	  		  	
		  	Confirmations; Investments;	  		  	
		  	General Inquiries	  		  	
				
	BRANCH:	  	Calgary Downtown Branch	  	Telephone:	  	(403) 294-4900
		  	National Bank of Canada	  	Facsimile:	  	(403) 294-4965 301 –
		  	6 Avenue SW	  		  	
		  	Calgary, AB T2P 4M9	  		  	
				
		  	Calgary MacLeod Trail Branch	  	Telephone:	  	(403) 592-8515
		  	National Bank of Canada	  	Facsimile:	  	(403) 265-0831 430 -
		  	7337 MacLeod Trail South	  		  	
		  	Calgary, AB T2H OL8	  		  	
				
	INTERNET/	  	Order Cheques, Loan/Account	  	Website:	  	www.nbc.ca
	TELEPHONE	  	Balances; Traces; Stop	  	Telephone:	  	(888) 483-5628
	BANKING	  	Payments, List of Current	  		  	
		  	Account Transactions; Pay Bills;	  		  	
		  	Transfer Between Accounts	  		  	
				
	OTHER:	  	Internet Banking	  	Manager,	  	
		  		  	Global Cash Management: Ms. Kathy Holland
		  		  	Telephone:	  	(403) 294-4948
		  		  	Facsimile:	  	(403) 476-1000
		  		  	E-mail:	  	kathy.holland@nbc.ca
				
		  	Foreign Exchange & Interest	  	Director, Risk	  	
		  	Rates	  	Management Solutions:	  	Mr. George Androulidakis
		  	National Bank of Canada	  	Telephone:	  	(403) 440-1126
		  	311 – 6 Avenue SW, 6th Floor	  	Facsimile:	  	(403) 294-4923
		  	Calgary, AB T2P 3H2	  	E-mail:	  	
		  	george.androulidakis@tres.bnc.ca	  		  	
				
		  	Commodity Derivatives	  	Telephone:	  	(403) 294-4935
		  	311 – 6 Avenue SW, 6th Floor	  	Facsimile:	  	(403) 294-4923
		  	Calgary, AB T2P 3H2	  	E-mail:	  	
		  	energy@nbcenergy.com

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