Document:

Exhibit 10.2

 

Legacy
Education Alliance, Inc.

Restricted
Stock Award Grant Notice

(2015 Incentive Plan)

 

Legacy
Education Alliance, Inc. (the "Company"), pursuant to its 2015 Incentive Plan (the "Plan"),
hereby awards to Participant that number of restricted shares of the Company's Common Stock set forth below (the "Award").
This Award shall be evidenced by a Restricted Stock Award Agreement (the "Award Agreement"). This
Award is subject to all of the terms and conditions as set forth herein and in the applicable Award Agreement, the Plan and the
other attachments hereto, each of which are attached hereto and incorporated herein in their entirety.

 

	 	Participant:
	James
    E. May
	 	Date of Grant:	July 16, 2015
	 	Vesting Commencement
    Date:	July
                                         16, 2015

        

	 	Number of Restricted
    Shares Subject to Award:	250,000

        

	 	Consideration:
    Continued Services	Participant's
                                         services:

        Chief
        Administrative Officer and General Counsel

 

Vesting
Schedule: The first tranche of 83,333 shares subject to the Award shall vest on the first (1st) anniversary of
the Date of Grant; the second tranche of 83,333 shares shall vest on second (2nd) anniversary of the Date of Grant;
and the balance of the Awards shall vest on the third (3rd) anniversary of the Date of Grant, all subject to Participant's Continuous
Service (as defined in the Award Agreement) through such time.

 

In
addition, if a Change in Control (as defined in the Plan) occurs and your Continuous Service with the Company has not terminated
as of, or immediately prior to, the effective time of the Change in Control, then, as of the effective time of such Change in
Control, the vesting of your shares shall be accelerated in full.

 

Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Award Grant
Notice, the Award Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock
Award Grant Notice, the Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding
the acquisition of the Company's Common Stock pursuant to the Award specified above and supersede all prior oral and written agreements
on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the
following agreements only:

 

	 	Other
Agreements	None
	 	 	 

 

	Legacy Education
Alliance, Inc.	 	PARTICIPANT
	 	 	 	
	By:	/s/
    Christian Baeza	 	/s/ James
    E. May
	 	Signature	 	Signature
	 	 	 	 
	Title:	CFO	 	Date:	7/20/15
	Date:	7/20/15	 	 	 

 

Attachments:

 

	Attachment I:	Restricted Stock
    Award Agreement
	Attachment II:	2015 Incentive Plan
	Attachment III:	Form of Joint Escrow Instructions
	Attachment IV:	Form of 83(b) ElectionExhibit
10.3

 

Legacy
Education Alliance, Inc.

Restricted
Stock Award Grant Notice

(2015 Incentive Plan)

 

Legacy
Education Alliance, Inc. (the "Company"), pursuant to its 2015 Incentive Plan (the "Plan"),
hereby awards to Participant that number of restricted shares of the Company's Common Stock set forth below (the "Award").
This Award shall be evidenced by a Restricted Stock Award Agreement (the "Award Agreement"). This
Award is subject to all of the terms and conditions as set forth herein and in the applicable Award Agreement, the Plan and the
other attachments hereto, each of which are attached hereto and incorporated herein in their entirety.

 

	Participant:

        Date
        of Grant:

        Vesting
        Commencement Date: 

        Number
        of Restricted Shares Subject to Award: 

        Consideration:
        Continued Services
	Iain
                                         Edwards

        July
        16, 2015 

        July
        16, 2015 

        234,375

        Participant's
        services: 

        Chief Operating Officer

 

Vesting
Schedule: The first tranche of 78,125 shares subject to the Award shall vest on the first (1st) anniversary of
the Date of Grant; the second tranche of 78,125 shares shall vest on second (2nd) anniversary of the Date of Grant;
and the balance of the Awards shall vest on the third (3rd) anniversary of the Date of Grant, all subject to Participant's Continuous
Service (as defined in the Award Agreement) through such time.

 

In
addition, if a Change in Control (as defined in the Plan) occurs and your Continuous Service with the Company has not terminated
as of, or immediately prior to, the effective time of the Change in Control, then, as of the effective time of such Change in
Control, the vesting of your shares shall be accelerated in full.

 

Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Award Grant
Notice, the Award Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock
Award Grant Notice, the Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding
the acquisition of the Company's Common Stock pursuant to the Award specified above and supersede all prior oral and written agreements
on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the
following agreements only:

 

	Other
Agreements:	None
	 	 

 

	Legacy Education
Alliance, Inc.	 	PARTICIPANT
	 	 	 
	By:	/s/
    James E. May	 	/s/
Iain Edwards
	 	Signature	 	Signature
	 	 	 	 
	Title:	James
    E. May	 	Date:	20th / July 2015.
	Date:	7/20/15	 	 	 

 

Attachments:

 

	Attachment
I:	Restricted
    Stock Award Agreement
	Attachment
    II:	2015
    Incentive Plan
	Attachment
    III:	Form
    of Joint Escrow Instructions
	Attachment
    IV:	Form
    of 83(b) ElectionExhibit 10.4

 

Legacy
Education Alliance, Inc.

Restricted
Stock Award Grant Notice

(2015 Incentive Plan)

 

Legacy Education Alliance, Inc. (the "Company"),
pursuant to its 2015 Incentive Plan (the "Plan"), hereby awards to Participant that number of
restricted shares of the Company's Common Stock set forth below (the "Award"). This Award shall be evidenced
by a Restricted Stock Award Agreement (the "Award Agreement"). This Award is subject to all of the terms
and conditions as set forth herein and in the applicable Award Agreement, the Plan and the other attachments hereto, each of which
are attached hereto and incorporated herein in their entirety.

 

	Participant:

        Date
of Grant:

        Vesting
Commencement Date: 

        Number
        of Restricted Shares Subject to Award: 

        Consideration:
        Continued Services
	Christian
Baeza

        July
16, 2015 

        July
16, 2015 

        93,750

        Participant's
        services: 

Chief Financial Officer

Vesting
Schedule: The first tranche of 31,250 shares subject to the Award shall vest on the first (1st) anniversary of
the Date of Grant; the second tranche of 31,250 shares shall vest on second (2nd) anniversary of the Date of Grant;
and the balance of the Awards shall vest on the third (3rd) anniversary of the Date of Grant, all subject to Participant's Continuous
Service (as defined in the Award Agreement) through such time.

 

In
addition, if a Change in Control (as defined in the Plan) occurs and your Continuous Service with the Company has not terminated
as of, or immediately prior to, the effective time of the Change in Control, then, as of the effective time of such Change in
Control, the vesting of your shares shall be accelerated in full.

 

Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Award Grant
Notice, the Award Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock
Award Grant Notice, the Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding
the acquisition of the Company's Common Stock pursuant to the Award specified above and supersede all prior oral and written agreements
on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the
following agreements only:

 

	Other
Agreements:	None
	 	 

 

	Legacy Education
Alliance, Inc.	 	PARTICIPANT
	 	 	 
	By:	/s/
    James E. May	 	/s/
    Christian Baeza
	 	Signature	 	Signature
	Title:	CAO & Gen.
    Counsel	 	Date:	7/20/15
	Date:	7/20/15	 	 	 

 

Attachments:

 

	Attachment
I:	Restricted
    Stock Award Agreement
	Attachment
    II:	2015
    Incentive Plan
	Attachment
    III:	Form
    of Joint Escrow Instructions
	Attachment
    IV:	Form
    of 83(b) ElectionExhibit 10.5

 

Legacy Education Alliance,
Inc. 

Restricted Stock Award Grant Notice

(2015 Incentive Plan)

 

Legacy
Education Alliance, Inc. (the "Company"), pursuant to its 2015 Incentive Plan (the "Plan"),
hereby awards to Participant that number of restricted shares of the Company's Common Stock set forth below (the "Award").
This Award shall be evidenced by a Restricted Stock Award Agreement (the "Award Agreement"). This
Award is subject to all of the terms and conditions as set forth herein and in the applicable Award Agreement, the Plan and the
other attachments hereto, each of which are attached hereto and incorporated herein in their entirety.

 

	Participant:	Cary
    Sucoff 
	Date
of Grant:	July
    16, 2015
	Vesting
Commencement Date: 	July
    16, 2015
	Number
    of Restricted     Shares Subject to Award:	31,250
	Consideration:
Continued Services	Participant's
    services: 
	 	Independent
    Director

 

Vesting
Schedule: The first tranche of 15,625 shares subject to the Award shall vest on the first (1st) anniversary of
the Date of Grant; and the balance of the Awards shall vest on the second (2nd) anniversary of the Date of Grant, all
subject to Participant's Continuous Service (as defined in the Award Agreement) through such time.

 

Notwithstanding
the foregoing, upon a termination of your Continuous Service for any reason other than for removal for cause, then as of the effective
time of such termination of your Continuous Service, the next tranche of shares granted to you in this Award that could have vested
but for the termination of you Continuous Service (the next 15,625 Unvested Shares) shall immediately become fully vested.

 

In
addition, if a Change in Control (as defined in the Plan) occurs and your Continuous Service with the Company has not terminated
as of, or immediately prior to, the effective time of the Change in Control, then, as of the effective time of such Change in
Control, the vesting of your shares shall be accelerated in full.

 

Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Award Grant
Notice, the Award Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock
Award Grant Notice, the Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding
the acquisition of the Company's Common Stock pursuant to the Award specified above and supersede all prior oral and written agreements
on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the
following agreements only:

 

	Other
    Agreements:	None
	 	 

 

	Legacy
    Education Alliance, Inc.	 	PARTICIPANT
	 	 	 
	By:	/s/
    James E. May	 	/s/
    Cary Sucoff
	 	Signature	 	Signature
	 	 	 	 
	Title:	CAO
    & Gen. Counsel	 	Date:	July 21 2015
	Date:	7/20/15	 	 	 

 

Attachments:

 

	Attachment
    I:	Restricted Stock
    Award Agreement
	Attachment II:	2015 Incentive
    Plan
	Attachment III:	Form of Joint
    Escrow Instructions
	Attachment IV:	Form of 83(b)
    Election

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