Document:

Form of Restricted Stock Agreement for Independent Directors

 Exhibit 10.15 
 RESTRICTED STOCK AGREEMENT 
 RESTRICTED STOCK AGREEMENT (the
“Agreement”), effective as of the Grant Date (as defined below), by and between WisdomTree Investments, Inc., a Delaware corporation (the “Company”), and
                    , a member of the Board of Directors of the Company (“Holder’). 

WHEREAS, on
                     (“Grant Date”), the Board of Directors of the Company authorized the issuance to Holder of
             shares of the authorized but unissued common stock of the Company, $.01 par value (the “Shares”), pursuant to the terms and conditions of the Company’s
2005 Performance Equity Plan (the “Plan”) and conditioned upon the Holder’s acceptance thereof upon the terms and conditions set forth in this Agreement and subject to the terms of the Plan; and 

WHEREAS, the Holder desires to acquire the Shares on the terms and conditions set forth in this Agreement and subject to the terms of the
Plan; 
 IT IS AGREED: 
 1. Grant of Shares. 
 1.1 The Company has issued to the Holder, effective as
of the Grant Date set forth on Schedule A, the Shares on the terms and conditions set forth herein. Subject to Section 3 hereof, the Shares shall be subject to forfeiture in the event the Holder shall no longer serve as a member of the Board of
Directors of the Company for any reason prior to the following dates: (i) prior to the first anniversary of the Grant Date, all of the Shares shall be forfeited, (ii) on or after the first anniversary of the Grant Date and prior to the
second anniversary of the Grant Date, all of the Shares excepted for              shares shall be forfeited, (iii) on or after the second anniversary of the Grant Date and prior
to the third anniversary of the Grant Date, all of the Shares except for              Shares shall be forfeited and (iv) on or after the third anniversary of the Grant Date, no
Shares shall be forfeited (each period described in clauses (i) through (iii) is considered a “Restriction Period” with respect to the applicable number of Shares). The Shares shall be registered in the name of the Employee but
shall remain uncertificated until the applicable Restriction Period has expired. 
 1.2 The Shares shall constitute issued and
outstanding shares of common stock for all corporate purposes, and the Holder shall have the right to vote such Shares, to receive and retain all cash dividends as the Board may, in its sole discretion, pay on such Shares, and to exercise all of the
rights, powers and privileges of a holder of common stock with respect to such Shares, except that (a) the Holder shall not be entitled to delivery of a Share Certificate until the Shares represented by such Share Certificate vest in accordance
with Section 1.3; and (b) other than cash dividends as the Board, in its sole discretion, distributes, the Company will retain custody of all distributions (“Retained Distributions”) made or declared with respect to the Shares
(and such Retained Distributions will be subject to the same restrictions, terms and conditions as applicable to the Shares) until such time, if ever, as the Shares with respect to which such Retained Distributions shall have been distributed have
become vested. 
 1.3 If the Holder is still a member of the Board of Directors of the Company the end of a Restriction Period,
all the Shares that are no longer subject to forfeiture shall vest and shall no longer be subject to forfeiture by the Holder. After the date that any Shares become vested, upon the request of the Holder, the Company, in its discretion, shall either
instruct its transfer agent to issue and deliver to the Holder a certificate for the Shares that have vested or otherwise permit the Shares that have vested to be transferred by the Holder. Subject to the provisions of Section 1.4, if, at any
time prior to the vesting of the Shares in accordance with the first sentence of this Section 1.3, the Holder shall no longer be a member of 

 
the Board of Directors of the Company, then the Shares that have not then vested (and the Retained Distributions with respect thereto) shall be forfeited to the Company and the Holder shall not
thereafter have any rights with respect to such Shares (and the Retained Distributions with respect thereto). In such event, the Company is authorized by the Holder to instruct the Company’s transfer agent to cancel and return the Shares (and,
if applicable, the Retained Distributions with respect thereto) to the status of authorized but unissued shares of Common Stock. 
 1.4 Acceleration of Vesting Upon a Change of Control. Notwithstanding the provisions of Section 1.3, in the event of a “change of control” (as defined below) while the Holder is a
member of the Board of Directors of the Company, the vesting of the Shares shall accelerate and all Shares shall be vested simultaneously with such change of control. For the purposes of this Agreement, a change of control shall mean (i) the
acquisition by any “person” (as defined in Section 3(a)(9) and 13(d) of the Securities Exchange Act of 1934, as amended (“Exchange Act”)), other than a stockholder of the Company that, as of the date of this Agreement, is
the beneficial owner (as defined in Rule 13d-3 promulgated under the Exchange Act) of 10% or more of the outstanding voting securities of the Company, of more than 50% of the combined voting power of the then outstanding voting securities of the
Company or (ii) the sale by the Company of all, or substantially all, of the assets of the Company to one or more purchasers, in one or a series of related transactions, where the transaction or transactions require approval pursuant to
Delaware law by the stockholders of the Company. 
 2. Nonassignability of Shares. The Shares shall not be assignable or
transferable until they have vested. 
 3. Company Representations. The Company hereby represents and warrants to the
Holder that: 
 (i) the Company, by appropriate and all required action, is duly authorized to enter into this Agreement and
consummate all of the transactions contemplated hereunder; and 
 (ii) the Shares, when issued and delivered by the Company to
the Holder in accordance with the terms and conditions hereof, will be duly and validly issued and fully paid and non-assessable. 
 4. Holder Representations. The Holder hereby represents and warrants to the Company that: 
 (i) he or she is acquiring the Shares for his or her own account and not with a view towards the distribution thereof; 
 (ii) the Company has made available to him or her a copy of the Company’s current information made available to the public pursuant to Commission Rule 15c2-11, and a copy of the Plan in effect as of
the Grant Date; 
 (iii) he or she understands that he or she must bear the economic risk of the investment in the Shares,
which cannot be sold by him or her unless they are registered under the Securities Act of 1933, as amended (the “1933 Act”), or an exemption therefrom is available thereunder; and he or she understands that the Company is under no
obligation to register the Shares for sale under the 1933 Act; 

  
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 (iv) he or she has had both the opportunity to ask questions and receive answers from the
officers and directors of the Company and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder and to obtain any additional information to the extent the Company possesses or may possess such information
or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained pursuant to clause (ii) above; 
 (v) he or she is aware that the Company shall place stop transfer orders with its transfer agent against the transfer of the Shares in the absence of registration under the 1933 Act or an exemption
therefrom; 
 (vi) he or she understands and agrees that if a stock certificate evidencing the Shares is issued prior the
expiration of an applicable Restriction Period, it shall bear the following legend if the issuance of the Shares is not registered on the appropriate registration statement filed under the 1933 Act: 

“The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the
“Act’) and may not be sold, pledged, hypothecated or otherwise transferred in the absence of an effective registration statement or an exemption therefrom under the Act.” 
 and 
 (vii) he or she understands and agrees that if a stock certificate
evidencing the Shares is issued prior to the expiration of an applicable Restriction Period it shall also bear the following legend: 
 “The shares represented by this certificate have been acquired pursuant to a Restricted Stock Agreement, a copy of which is on file with the Company, and may not be transferred, pledged or disposed
of except in accordance with the terms and conditions thereof.” 
 5. Restriction on Transfer of Shares.
Notwithstanding anything in this Agreement to the contrary, and in addition to the provisions of Section 2 of this Agreement, the Holder hereby agrees that he of she shall not sell, transfer by any means or otherwise dispose of the Shares
acquired by him or her without registration under the 1933 Act, or in the event that they are not so registered, unless (a) an exemption from the 1933 Act registration requirements is available thereunder, and (b) the Holder has furnished
the Company with notice of such proposed transfer and the Company’s legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 
 6. Miscellaneous. 
 6.1 Notices. All notices, requests, deliveries,
payments, demands and other communications which are required or permitted to be given under this Agreement shall be in writing and shall be either delivered personally or by private courier (e.g., Federal Express), or sent by registered or
certified mail, return receipt requested, postage prepaid, to the Company at its principal executive offices and to the Holder at his or her’s last known residence address as indicated in the records of the Company, or to such other address as
either shall have specified by notice in writing to the others. Notice shall be deemed duly given hereunder when delivered in person or by private courier, or on the third business day following deposit in the United States mail as set forth above.

  
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 6.2 Plan Paramount; Conflicts with Plan. This Agreement shall, in all respects, be
subject to the terms and conditions of the Plan, whether or not stated herein. In the event of a conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall in all respects be controlling.

 6.3 Amendments; Waiver. This Agreement may not be modified, amended, or terminated except by an instrument in writing,
signed by each of the parties. No failure to exercise and no delay in exercising any right, remedy, or power under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power under this
Agreement preclude any other or further exercise thereof, or the exercise of any other right, remedy, or power provided herein or by law or in equity. All rights and remedies, whether conferred by this Agreement, by any other instrument or by law,
shall be cumulative, and may be exercised singularly or concurrently. 
 6.4 Entire Agreement. This Agreement constitutes
the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes all prior undertakings and agreements, oral or written, with respect to the subject matter hereof. This Agreement may not be contradicted by evidence
of any prior or contemporaneous agreement. To the extent that the policies and procedures of the Company apply to the Holder and are inconsistent with the terms of this Agreement, the provisions of the Agreement shall control. 

6.5 Binding Effect; Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto and, to the
extent not prohibited herein, their respective heirs, successors, assigns and representatives. 
 6.6 Severability;
Enforcement. If any provision of this Agreement is held invalid, illegal or unenforceable in any respect (an “Impaired Provision”), (a) such Impaired Provision shall be interpreted in such a manner as to preserve, to the maximum
extent possible, the intent of the parties, (b) the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and (c) such decision shall not affect the validity, legality or
enforceability of such Impaired Provision under other circumstances. The parties agree to negotiate in good faith and agree upon a provision to substitute for the Impaired Provision in the circumstances in which the Impaired Provision is invalid,
illegal or unenforceable. 
 6.7 Rights of Third Parties. Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective permitted successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 6.8 Headings. The Section headings used herein are for convenience only and do not define, limit or construe the
content of such sections. All references in this Agreement to Section numbers refer to Sections of this Agreement, unless otherwise indicated. 
 6.9 Agreement to Arbitrate. The Holder and the Company recognize that differences may arise between them during or following the Holder’s tenure as a member of the Board of Directors of the
Company, and that those differences may or may not be related to the issuance of the Shares herein or to the Holder’s tenure as a director of the Company. The Holder understands and agrees that by entering into this Agreement, the Holder
anticipates the benefits of a speedy, impartial dispute-resolution procedure of any such differences. As used in this Section 6.9 and its subparts, “Company” shall also refer to all

  
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benefit plans, the benefit plans’ sponsors, fiduciaries, administrators, affiliates, and all successors and assigns of any of them. 

6.9.1 Arbitrable Claims. 
 (i) ALL DISPUTES BETWEEN THE HOLDER (AND HIS OR HER PERMITTED SUCCESSORS AND ASSIGNS) AND THE COMPANY (AND ITS AFFILIATES, SHAREHOLDERS, DIRECTORS, OFFICERS, AGENTS AND PERMITTED SUCCESSORS AND ASSIGNS)
RELATING IN ANY MANNER WHATSOEVER TO HOLDER’S EMPLOYMENT BY THE COMPANY OR WTAM, AS THE CASE MAY BE, OR TO THE TERMINATION THEREOF, INCLUDING WITHOUT LIMITATION ALL DISPUTES ARISING UNDER THIS AGREEMENT (COLLECTIVELY, “ARBITRABLE
CLAIMS”) SHALL BE RESOLVED EXCLUSIVELY BY BINDING ARBITRATION. Arbitrable Claims shall include, but are not limited to, contract (express or implied) and tort claims of all kinds, as well as all claims based on any federal, state, or local law,
statute, or regulation (including but not limited to claims alleging unlawful harassment or discrimination in violation of Title VII and/or Title IX of the U.S. Code, of the Age Discrimination in Employment Act, of the Americans with Disabilities
Act, of state statute, or otherwise), excepting only claims under applicable workers’ compensation law and unemployment insurance claims. Arbitration shall be final and binding upon the parties and shall be the exclusive remedy for all
Arbitrable Claims. Except as provided in Section 6.9.1(ii), the Arbitrator (as defined below) shall decide whether a claim is an Arbitrable Claim. THE COMPANY AND THE HOLDER HEREBY WAIVE ANY RIGHTS THAT THEY MAY HAVE TO TRIAL BY JURY IN REGARD
TO ARBITRABLE CLAIMS. 
 (ii) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, HOWEVER, THE COMPANY MAY ENFORCE IN COURT,
WITHOUT PRIOR RESORT TO ARBITRATION, ANY CLAIM CONCERNING ACTUAL OR THREATENED UNFAIR COMPETITION AND/OR THE ACTUAL OR THREATENED USE AND/OR UNAUTHORIZED DISCLOSURE OF CONFIDENTIAL OR PROPRIETARY INFORMATION OF THE COMPANY. The court shall determine
whether a claim concerns actual or threatened unfair competition and/or the actual or threatened use and/or unauthorized disclosure of confidential or proprietary information of the Company. 

6.9.2 Arbitration Procedure. 
 (i) American Arbitration Association Rules; Initiation of Arbitration; Location of Arbitration. Arbitration of Arbitrable Claims shall be in accordance with the Employment Dispute Resolution Rules
of the American Arbitration Association (“AAA Rules”), except as provided otherwise in this Agreement. Arbitration shall be initiated by providing written notice to the other party with a statement of the claim(s) asserted, the facts upon
which the claim(s) are based, and the remedy sought. This notice shall be provided to the other party within six (6) months of the acts or omissions complained of. Any claim not initiated within this limitations period shall be null and void,
and the Company and the Holder waive all rights under statutes of limitation of different duration. The arbitration shall take place in New York, New York. 
 (ii) Selection of Arbitrator. All disputes involving Arbitrable Claims shall be decided by a single arbitrator (the “Arbitrator”), who shall be selected as follows. The American
Arbitration Association (“AAA”) shall give each party a list of eleven (11) arbitrators drawn from its panel of employment arbitrators (the “Name List”). Each party may strike up to six (6) names on the Name List it
deems unacceptable, and shall notify the other party of the names it has stricken, within fourteen (14) calendar days of the date the AAA gave notice of the Name List. If only one common name on the Name List remains unstricken by the parties,
that individual shall be designated as the Arbitrator. If more than 

  
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one common name remains on the Name List unstricken by parties, Holder shall strike one of the remaining names and notify the Company, within seven (7) calendar days of notification of the
list of unstricken names. If, after Holder strikes a name as set forth in the preceding sentence, there is still two or more unstricken names, the Company and the Holder shall alternately strike names (with the Company having the next strike) and
notify the other party of the stricken name within seven (7) calendar days, until only one remains. If no common name on the initial the Name List remains unstricken by the parties, the AAA shall furnish an additional list or lists, and the
parties shall proceed as set forth above, until an Arbitrator is selected. 
 (iii) Conduct of the Arbitration.

 (A) Discovery. To help prepare for the arbitration, the Holder and the Company shall be entitled, at their own
expense, to learn about the facts of a claim before the arbitration begins. Each party shall have the right to take the deposition of one (1) individual and any expert witness designated by another party. Each party also shall have the right to
make requests for production of documents to any party. Additional discovery may be had only where the Arbitrator so orders, upon a showing of substantial need. At least thirty (30) days before the arbitration, the parties must exchange lists
of witnesses, including any expert witnesses, and copies of all exhibits intended to be used at the arbitration. 
 (B)
Authority. The Arbitrator shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or in person as the Arbitrator deems necessary. The Arbitrator shall have the authority
to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions under the Federal Rules of Civil Procedure. The Arbitrator shall apply the substantive law (and the law of
remedies, if applicable) of the state in which the claim arose, or federal law, or both, as applicable to the claim(s) asserted. The Arbitrator shall have the authority to award equitable relief, damages, costs and fees as provided by the law for
the particular claim(s) asserted. The arbitrator shall not have the power to award remedies or relief that a New York court could not have awarded. The Federal Rules of Evidence shall apply. The burden of proof shall be allocated as provided by
applicable law. Except as provided in Section 7.9.1(ii), the Arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability
or formation of the Agreement, including but not limited to any claim that all or any part of any of the Agreement is void or voidable and any assertion that a dispute between the Holder and the Company is not an Arbitrable Claim. The arbitration
shall be final and binding upon the parties. 
 (C) Costs. Either party, at its expense, may arrange for and pay the
cost of a court reporter to provide a stenographic record of the proceedings. If the Arbitrator orders a stenographic record, the parties shall split the cost. Except as otherwise provided in Section 6.9, the Holder and the Company shall
equally share the fees and costs of the arbitration and the Arbitrator. The reference to “the fees and costs of the arbitration and the Arbitrator” in the preceding sentence is not intended to include the fees and expenses of either
party’s legal counsel or other advisors, but merely the fees and costs imposed on the parties by the AAA in connection with an arbitration conducted under the auspices of the AAA. 

6.9.3 Confidentiality. All proceedings and documents prepared in connection with any Arbitrable Claim shall be confidential and,
unless otherwise required by law, the subject matter thereof shall not be disclosed to any person other than the parties to the proceeding, their counsel, witnesses and experts, the Arbitrator, and, if involved, the court and court staff. All
documents filed with 

  
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the Arbitrator or with a court shall be filed under seal. The parties shall stipulate to all arbitration and court orders necessary to effectuate fully the provisions of this subparagraph
concerning confidentiality. 
 6.9.4 Enforceability. Either party may bring an action in any court of competent
jurisdiction to compel arbitration under this Agreement and to enforce an arbitration award. Except as provided above, neither party shall initiate or prosecute any lawsuit or administrative action in any way related to any Arbitrable Claim. The
Federal Arbitration Act shall govern the interpretation and enforcement of Section 6.9. 
 6.10 Governing Law;
Jurisdiction. The Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference to that body of law concerning choice of law or conflicts of law, except that the General Corporation Law of
the State of Delaware (“GCL”) shall apply to all matters governed by the GCL, including without limitation matters concerning the validity of grants of restricted stock and actions of the Board or the Committee. The Company and the Holder
agree that, subject to the agreement to arbitrate disputes set forth in Section 6.9, the sole and exclusive judicial venues for any dispute, difference, cause of action or legal action of any kind that any party, or any officer, director,
employee, agent or permitted successor or assign of any party may bring against any other party, or against any officer, director, employee, agent or permitted successor or assign of any party, related to this Agreement this Agreement (a
“Proceeding”), shall be (a) the United States District Court for the Southern District of New York, if such court has statutory jurisdiction over the Proceeding and (b) the Supreme Court of the State of New York in the County of
New York (collectively, the “New York Courts”). Each of the parties hereby expressly (i) consents to the personal jurisdiction of each of the New York Courts with respect to any Proceeding; (ii) agrees that service of process in
any Proceeding may be effected upon such party in the manner set forth in Section 6.1 (as well as in any other manner prescribed by law); and (iii) waives any objection, whether on the grounds of venue, residence or domicile or on the
ground that the Proceeding has been brought in an inconvenient forum, to any Proceeding brought in either of the New York Courts. Notwithstanding the foregoing, nothing in this paragraph alters the parties’ agreement to arbitrate disputes as
set forth in Section 6.9. 
 [Balance of page left blank intentionally. Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have signed this Restricted Stock Agreement effective as of the Grant
Date indicated below. 
 WISDOMTREE INVESTMENTS, INC. 
  

			
	By:	 	  

		 	Jonathan L. Steinberg, Chief Executive Officer

 Acceptance 
 The Holder hereby acknowledges: I have received a copy of this Agreement; I
have had the opportunity to consult legal counsel in regard to this Agreement, and have availed myself of that opportunity to the extent I wish to do so (I understand the Company’s attorneys represent the Company and not myself, and I have not
relied on any advice from the Company’s attorneys); I have read and understand this agreement; I AM FULLY AWARE OF LEGAL EFFECT OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION THE EFFECT OF SECTION 6.9 CONCERNING ARBITRATION; and I have entered
into this Agreement freely and voluntarily and based on my own judgment and not on any representations and promises other than those contained in this Agreement. The Holder accepts these Shares subject to all the terms and conditions of this
Agreement. 
  

	
	  

	HOLDER’S SIGNATURE

  
 8Form of Stock Option for Independent Directors

 Exhibit 10.16 
 STOCK OPTION AGREEMENT 
 This STOCK OPTION AGREEMENT (the
“Agreement”) is entered into as of                     , by and between WISDOMTREE INVESTMENTS, INC, a Delaware corporation (the
“Company”), and                      (the “Optionholder”). 

WHEREAS, on
                     (the “Grant Date”), the Board of Directors of the Company (the “Board”), authorized the grant to
Optionholder of an option (the “Option”) to purchase an aggregate of          shares of the authorized but unissued Common Stock of the Company, $.01 par value (the “Common Stock”),
pursuant to the terms and conditions of the Company’s 2005 Performance Equity Plan (the “Plan”), conditioned upon the Optionholder’s acceptance of the grant of the Option upon the terms and conditions set forth in this Agreement
and subject to the terms of the Plan; and 
 WHEREAS, the Optionholder desires to acquire the Option upon the terms and
conditions set forth in this Agreement and subject to the terms of the Plan; 
 IT IS AGREED: 

1. Grant of Stock Option. The Company hereby grants the Optionholder the Option to purchase all or any part of an aggregate of
         shares of Common Stock (the “Option Shares”) on the terms and conditions set forth herein and subject to the provisions of the Plan. 

2. Non-Qualified Stock Option. The Option represented hereby is not intended to be an Option which qualifies as an “Incentive
Stock Option” under Section 422 of the Internal Revenue Code of 1986, as amended. 
 3. Exercise Price. The
exercise price of the Option is $         per share, subject to adjustment as hereinafter provided. The exercise price is at least 100% of the Fair Market Value (as defined in the Plan) of the
Company’s Common Stock as of the date of this Agreement. 
 4. Exercisability. This Option shall be exercisable as
to          shares on each of the first four anniversaries of the Grant Date. After a portion of the Option becomes exercisable, such portion shall remain exercisable, except as otherwise provided
herein, until the close of business on the day immediately preceding the tenth anniversary of the Grant Date (“Exercise Period”). Notwithstanding the forgoing vesting provisions of this Section 4, in the event of a “change of
control” (as defined below) while the Optionholder is a director of the Company, the vesting of this Option shall accelerate and all the Option Shares shall be purchasable by the Optionholder simultaneous with such change of control. For the
purposes of this Agreement, a change of control shall mean (i) the acquisition by any “person” (as defined in Section 3(a)(9) and 13(d) of the Securities Exchange 

  
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Act of 1934, as amended (“Exchange Act”)), other than a stockholder of the Company that, as of the close of business on the date of this Agreement, is the beneficial owner (as defined
in Rule 13d-3 promulgated under the Exchange Act) of 10% or more of the outstanding voting securities of the Company, of more than 50% of the combined voting power of the then outstanding voting securities of the Company or (ii) the sale by the
Company of all, or substantially all, of the assets of the Company to one or more purchasers, in one or a series of related transactions, where the transaction or transactions require approval pursuant to Delaware law by the stockholders of the
Company. 
 5. Effect of Termination of Directorship. 

5.1. Termination Due to any Reason Other than Removal For Cause. If the Optionholder’s status as a Director of the Company
terminates due to any reason other than removal for cause, the portion of the Option, if any, that was exercisable as of the date of termination may thereafter be exercised by the Optionholder until the expiration of the Exercise Period. The portion
of the Option, if any, that was not exercisable as of the date of termination shall immediately expire upon termination. 

5.2. Termination Due to Removal for Cause. If the Optionholder’s status as a Director of the Company terminates by reason of
removal for cause, then (a) the Option shall immediately terminate and (b) the Company may require the Optionholder to return to the Company the economic value of any Option Shares purchased hereunder by the Optionholder within the six
(6) month period prior to the date of such removal. In such event, the Optionholder hereby agrees to remit to the Company, in cash, an amount equal to the difference between the Fair Market Value (as defined in the Plan) the Option Shares on
the date of such removal (or the sales price of such Shares if the Option Shares were sold during such six (6) month period) and the Exercise Price of such Shares, net of any taxes paid by the Optionholder in connection with the vesting,
exercise or sale of the Option (or Option Shares). For purposes of this Agreement, “cause” shall be limited to: (i) any material breach of fiduciary duty by the Optionholder, but only if such material breach shall not have been
corrected within ten business days of his receipt of written notice from the Company of the occurrence of such material breach; (ii) the Optionholder’s being convicted of, or pleading guilty or nolo contendere to a felony, misdemeanor
(other than, if applicable, minor traffic violations) or crime of moral turpitude; or (iii) the commission by the Optionholder of an act of dishonesty, fraud or embezzlement against the Company. 

6. Withholding Tax. Not later than the date as of which an amount first becomes includible in the gross income of the Optionholder
for Federal income tax purposes with respect to the Option, the Optionholder shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any Federal, state and local taxes of any kind required by law to be
withheld or paid with respect to such amount. Notwithstanding anything in this Agreement to the contrary, the obligations of the Company under the Plan and pursuant to this Agreement shall be conditional upon such payment or arrangements with the
Company and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any 

  
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kind otherwise due to the Optionholder from the Company. 
 7.
Adjustments. In the event of any merger, reorganization, consolidation, recapitalization, consolidation, dividend (other than cash dividend), stock split, reverse stock split, or other change in corporate structure affecting the number of
issued shares of Common Stock, the Company shall proportionally adjust the number and kind of Option Shares and the exercise price of the Option in order to prevent the dilution or enlargement of the Optionholder’s proportionate interest in the
Company and Optionholder’s rights hereunder, provided that the number of Option Shares shall always be a whole number. 

8. Method of Exercise. 
 8.1. Notice to the Company. The Option shall be exercised in whole or in part by written notice in substantially the form attached hereto as Exhibit A directed to the Company at its principal
place of business accompanied by full payment as hereinafter provided of the exercise price for the number of Option Shares specified in the notice. 
 8.2. Delivery of Option Shares. The Company shall deliver a certificate for the Option Shares to the Optionholder as soon as practicable after payment therefor. 

8.3. Payment of Purchase Price. The Optionholder shall make pay for the Option Shares by any one or more of the following methods
set forth in this Section 8.3. 
 8.3.1. Cash Payment. The Optionholder shall make cash payments by wire transfer,
certified check or bank check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the
purchase price thereof. 
 8.3.2. Payment through Bank or Broker. The Optionholder may make arrangements satisfactory to
the Company with a bank or a broker who is member of the National Association of Securities Dealers, Inc. to either (a) sell on the exercise date a sufficient number of the Option Shares being purchased so that the net proceeds of the sale
transaction will at least equal the Exercise Price multiplied by the number of Option Shares being purchased pursuant to such exercise, plus the amount of any applicable withholding taxes and pursuant to which the bank or broker undertakes
irrevocably to deliver the full Exercise Price multiplied by the number of Option Shares being purchased pursuant to such exercise, plus the amount of any applicable withholding taxes to the Company on a date satisfactory to the Company, but no
later than the date on which the sale transaction would settle in the ordinary course of business or (b) obtain a “margin commitment” from the bank or broker pursuant to which the bank or broker undertakes irrevocably to deliver the
full Exercise Price multiplied by the number of Option Shares being purchased pursuant to such exercise, plus the amount of any applicable 

  
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withholding taxes to the Company, immediately upon receipt of the Option Shares. 
 8.3.3. Cashless Payment. 
 (a) The Optionholder may, in his or her sole
discretion, use shares of Common Stock of the Company that were owned by the Optionholder for more than six (6) months (and which have been paid for within the meaning of Rule 144 promulgated by the Securities and Exchange Commission
(“Commission”) and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares), or that were obtained by the Optionholder in the open public market, to pay the
purchase price for the Option Shares by delivery of one or more stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for
this purpose shall be valued at the Fair Market Value. 
 (b) At the election of the Optionholder, the Exercise Price for any
or all of the Option Shares to be acquired may be paid by the surrender of any unexercised portion of the Option having a “value” equal to the Exercise Price multiplied by the number of Option Shares to be purchased. The “value”
of a surrendered portion of the Option means, as of the exercise date, an amount equal to the excess of the total Fair Market of the shares of Common Stock underlying the surrendered portion of the Option over the total Exercise Price of such shares
of Common Stock underlying the surrendered portion of the Option. 
 8.3.4. Payment of Withholding Tax. Any required
withholding tax may be paid in cash, with Common Stock or by the surrender of an unexercised portion of the Option in accordance with Sections 8.3.1., 8.3.2 and 8.3.3. 
 8.3.5. Exchange Act Compliance. Notwithstanding the foregoing, the Company shall have the right to reject payment in the form of Common Stock if in the opinion of counsel for the Company,
(i) it could result in an event of “recapture” under Section 16(b) of the Securities Exchange Act of 1934; as amended (the “Exchange Act”), or (ii) such shares of Common Stock may not be sold or transferred to the
Company; or (iii) such transfer could create legal difficulties for the Company. 
 9. Market Standoff Agreement.
The Optionholder agrees that, at any time that The Optionholder would be deemed to be an “affiliate” (as defined under the Exchange Act) of the Company, in connection with next firm commitment underwritten public of the Company’s
securities following the date of this Agreement that will raise at least $15,000,000 in gross proceeds, upon the request of the Company or the underwriters managing such public offering of the Company’s securities, the Optionholder will not
sell or otherwise dispose of any Option Shares (including without limitation sale of Option Shares in connection with the exercise method set forth in Section 8.3.2., but expressly excluding the use of Common Stock in connection with the
exercise method set forth in Section 8.3.3.) or any other securities of the Company without the prior written consent of the 

  
 4 

 
Company or such underwriters, as the case may be, for such period of time from the effective date of such registration not exceeding 180 days and otherwise as the Company or the underwriters may
specify for the Company’s Optionholder shareholders generally; provided, that all executive officers, directors and holders of more than 5% of the Company’s then outstanding capital stock agree to the same restriction. The Optionholder
understands and agrees that, in order to ensure compliance with the market standoff agreement, the Company may issue appropriate “stop-transfer” instructions to its transfer agent. 

10. Notice of Disqualifying Disposition of ISO Shares. If the Option granted to the Optionholder herein is an
ISO, and if the Optionholder sells or otherwise disposes of any of the Option Shares acquired pursuant to a whole or partial exercise the Option prior to the later of (a) the second (2nd) anniversary of the Grant Date, or (b) the first (1st) anniversary of the date of exercise of such Option Shares, the
Optionholder shall immediately notify the Company in writing of such sale or disposition. The Optionholder acknowledges and agrees that the Optionholder may be subject to income and other tax withholding by the Company on the compensation income
recognized by the Optionholder from any such sale or disposition, by payment in cash (or in shares of Common Stock, to the extent permissible under Section 8.3.4.) or out of the current wages or other earnings payable to Optionholder. The
Optionholder hereby authorizes his/her broker(s) to provide the Company, promptly at the Company’s request, with any information concerning the Option Shares, now or previously in Optionholder’s account(s) with such broker(s), as the
Company may request. The Optionholder agrees that this authorization may not be revoked or modified in any manner except pursuant to a writing signed by both the Optionholder and the Company. 

11. Nonassignability. The Option shall not be assignable or transferable without the consent of the Company and unless the Company
shall have been furnished with written notice thereof and a copy of such other evidence as the Company may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of
the Option. 
 12. [Intentionally omitted.] 
 13. Company Representations. The Company hereby represents and warrants to the Director that: 
 (a) the Company, by appropriate and all required action, is duly authorized to enter into this Agreement and consummate all of the transactions contemplated hereunder; and 

(b) the Option Shares, when issued and delivered by the Company to the Director in accordance with the terms and
conditions hereof, will be duly and validly issued and fully paid and non-assessable. 
 14. Optionholder
Representations. The Optionholder hereby represents and warrants to the 

  
 5 

 
Company that: 
 (a) it is acquiring the Option and shall
acquire the Option Shares for its own account and not with a view towards the distribution thereof; 
 (b) it has
received a copy of all reports and documents required to be filed by the Company with the Commission pursuant to the Exchange Act within the last 24 months and all reports issued by the Company to its stockholders and a copy of the Plan in effect as
of the date of this Agreement; 
 (c) it understands that it must bear the economic risk of the investment in the
Option Shares, which cannot be sold by it unless they are registered under the Securities Act of 1933 (the “1933 Act”) or an exemption therefrom is available thereunder and that the Company is under no obligation to register the Option
Shares for sale under the 1933 Act; 
 (d) as a result of the Optionholder’s position with the Company,
Optionholder has had both the opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder and to obtain any
additional information to the extent the Company possesses or may possess such information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained pursuant to clause (b) above;

 (e) it is aware that the Company shall place stop transfer orders with its transfer agent against the transfer
of the Option Shares in the absence of registration under the 1933 Act or an exemption therefrom as provided herein; and 
 (f) The certificates evidencing the Option Shares may bear the following legends: 

“The shares represented by this certificate have been acquired for investment and have not been registered under the Securities Act
of 1933. The shares may not be sold or transferred in the absence of such registration or an exemption therefrom under said Act.” 
 15. Restriction on Transfer of Stock Option Agreement and Option Shares. Notwithstanding anything in this Agreement to the contrary, and in addition to the provisions of Section 12 of this
Agreement, the Optionholder hereby agrees that it shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by it without registration under the 1933 Act, or in the event that they are not so registered, unless
(a) an exemption from the 1933 Act registration requirements is available thereunder, and (b) the it has furnished the Company with notice of such proposed transfer and the Company’s legal counsel, in its reasonable opinion, shall
deem such proposed transfer to be so exempt. 

  
 6 

 16. [Intentionally omitted.] 

17. Miscellaneous. 
 17.1. Notices. All notices, requests, deliveries, payments, demands and other communications which are required or permitted to be given under this Agreement shall be in writing and shall be either
delivered personally or by private courier (e.g., Federal Express), or sent by registered or certified mail, return receipt requested, postage prepaid, to the parties at their respective addresses set forth herein, or to such other address as
either shall have specified by notice in writing to the other. Notice shall be deemed duly given hereunder when delivered in person or by private courier, or on the third (3rd) business day following deposit in the United States mail as set forth above. 

17.2. Plan Paramount; Conflicts with Plan. This Agreement and the Option shall, in all respects, be subject to the terms and
conditions of the Plan, whether or not stated therein. In the event of a conflict between the provision of the Plan and the provisions of this Agreement, the provisions of the Plan shall in all respects be controlling. Notwithstanding the foregoing,
the Company hereby represents and warrants to the Optionholder that the provisions of this Agreement do not conflict with the provisions of the Plan. 
 17.3. Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement shall 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 Option Agreement shall be binding upon the Optionholder and the Optionholder’s heirs, executors, administrators, legal representatives, successors and assigns. 

17.4. Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto and supersede all prior
undertakings and agreements, oral or written, with respect to the subject matter hereof. The Agreement may not be contradicted by evidence of any prior or contemporaneous agreement. To the extent that the policies and procedures of the Company apply
to the Optionholder and are inconsistent with the terms of the Agreement, the provisions of the Agreement shall control. 

17.5. Amendments; Waivers. The Agreement may not be modified, amended, or terminated except by an instrument in writing, signed
by each of the parties (in the case of the Company, such instrument must be signed by the President or Chief Executive Officer of the Company to be effective). No failure to exercise and no delay in exercising any right, remedy, or power under the
Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power under the Agreement preclude any other or further exercise thereof, or the exercise of any other right, remedy, or power provided
herein or by law or in equity. All rights and remedies, whether conferred by the Agreement, by any other instrument or by law, shall be cumulative, and may be exercised singularly or concurrently. 

  
 7 

 17.6. Severability; Enforcement. If any provision of this Agreement is held invalid,
illegal or unenforceable in any respect (an “Impaired Provision”), (a) such Impaired Provision shall be interpreted in such a manner as to preserve, to the maximum extent possible, the intent of the parties, (b) the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and (c) such decision shall not affect the validity, legality or enforceability of such Impaired Provision under other circumstances.
The parties agree to negotiate in good faith and agree upon a provision to substitute for the Impaired Provision in the circumstances in which the Impaired Provision is invalid, illegal or unenforceable. 

17.7. Attorneys’ Fees. In the event of any arbitration or litigation between the parties arising under or related to this
Agreement (a “Covered Dispute”), the substantially prevailing party in the Covered Dispute (the “Prevailing Party”) shall be entitled to receive from the other party the Prevailing Party’s reasonable attorneys’ fees and
costs, including, without limitation, the cost at the hourly charges routinely charged therefor by the persons providing the services, reasonable fees and/or allocated costs of staff (in-house) counsel, and fees and expenses of experts retained by
counsel in connection with such arbitration or litigation and with any and all appeals or petitions therefrom, in addition to any other relief to which the Prevailing Party may be entitled. A party to a Covered Dispute shall be the Prevailing Party
in such Covered Dispute if the claims against such party are dismissed at any stage in the arbitration or litigation. 
 17.8.
Governing Law; Jurisdiction. The Agreement shall be governed by and construed in accordance with the law of the State of New York, without reference to that body of law concerning choice of law or conflicts of law, except that the General
Corporation Law of the State of Delaware (“GCL”) shall apply to all matters governed by the GCL, including without limitation matters concerning the validity of grants of stock options and actions of the Company’s board of directors
or any committee thereof. The parties agree that, subject to the agreement to arbitrate disputes set forth in Section 17.12, the sole and exclusive judicial venues for any dispute, difference, cause of action or legal action of any kind that
any party, or any officer, director, employee, agent or permitted successor or assign of any party may bring against any other party, or against any officer, director, employee, agent or permitted successor or assign of any party, related to this
Agreement (a “Proceeding”), shall be (a) the United States District Court for the Southern District of New York, if such court has statutory jurisdiction over the Proceeding and (b) the Supreme Court of the State of New York in
the County of New York (collectively, the “New York Courts”). Each of the parties hereby expressly (i) consents to the personal jurisdiction of each of the New York Courts with respect to any Proceeding; (ii) agrees that service
of process in any Proceeding may be effected upon such party in the manner set forth in Section 17.1 (as well as in any other manner prescribed by law); and (iii) waives any objection, whether on the grounds of venue, residence or domicile
or on the ground that the Proceeding has been brought in an inconvenient forum, to any Proceeding brought in either of the New York Courts. Notwithstanding the foregoing, nothing in this paragraph alters the parties’ agreement to arbitrate
disputes as set forth in Section 17.12. 

  
 8 

 17.9. No Duty to Disclose. The Optionholder acknowledges and agrees that, except for
the information provided to the Optionholder by the Company pursuant to Section 15(b) and 15(d) prior to execution of this Agreement, neither the Company nor any of the Company’s officers, directors, shareholders, employees, agents or
representatives has any duty or obligation to disclose to the Optionholder any information whatsoever, including but not limited to information concerning the Company that might if made public affect the value of the Option Shares. Such information
includes without limitation any information concerning the Company’s actual or potential financial performance, actual or potential material contracts to which the Company is or may become a party, or actual or potential material transactions
that involve or may involve the Company, including but not limited to plans to effect a merger or to acquire or dispose of a material amount of assets. The Optionholder acknowledges and understands that it (a) might exercise its Option (or a
portion thereof) prior to the public dissemination of such information, and that the value of the Option Shares may decrease after the public dissemination of such information, or (b) might exercise its Option (or a portion thereof) and sell,
pledge or encumber the Option Shares (or a portion thereof) prior to the public dissemination of such information, and that the value of the Option Shares may increase after the public dissemination of such information; and the Director acknowledges
and agrees that it will not bring or participate in any claim whatsoever against the Company or against any of the Company’s officers, directors, shareholders, employees, agents or representatives related to the failure to have disclosed such
information prior to the Optionholder’s exercise of the Option and/or sale, pledge or encumbrance of the Option Shares. 

17.10. Rights of Third Parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective permitted successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

17.11 Headings. The Section headings used herein are for convenience only and do not define, limit or construe the content of
such sections. All references in this Agreement to Section numbers refer to Sections of this Agreement, unless otherwise indicated. 
 17.12. Agreement to Arbitrate. The Optionholder and the Company recognize that differences may arise between them during or following the Optionholder’s tenure as a director of the Company,
and that those differences may or may not be related to the grant of the Option herein or to the Optionhodler’s tenure as a director of the Company. The Optionholder understands and agrees that by entering into this Agreement, the Optionholder
anticipate the benefits of a speedy, impartial dispute-resolution procedure of any such differences. As used in this Section 17.12 and its subparts, the “Company” shall also refer to all benefit plans, the benefit plans’
sponsors, fiduciaries, administrators, affiliates, and all successors and assigns of any of them. 
 (a) Arbitrable
Claims. (i) ALL DISPUTES BETWEEN THE OPTIONHOLDER (AND ITS PERMITTED SUCCESSORS AND ASSIGNS) AND THE COMPANY (AND ITS AFFILIATES, 

  
 9 

 
SHAREHOLDERS, DIRECTORS, OFFICERS, AGENTS AND PERMITTED SUCCESSORS AND ASSIGNS) RELATING IN ANY MANNER WHATSOEVER TO THE OPTIONHOLDER’S TENURE AS A DIRECTOR OF THE COMPANY OR TO THE
TERMINATION THEREOF, INCLUDING WITHOUT LIMITATION ALL DISPUTES ARISING UNDER THIS AGREEMENT (COLLECTIVELY, “ARBITRABLE CLAIMS”) SHALL BE RESOLVED EXCLUSIVELY BY BINDING ARBITRATION. Arbitrable Claims shall include, but are not limited to,
contract (express or implied) and tort claims of all kinds, as well as all claims based on any federal, state, or local law, statute, or regulation (including but not limited to claims alleging unlawful harassment or discrimination in violation of
Title VII and/or Title IX of the U.S. Code, of the Age Discrimination in Employment Act, of the Americans with Disabilities Act, of state statute, or otherwise), excepting only claims under applicable workers’ compensation law and unemployment
insurance claims. Arbitration shall be final and binding upon the parties and shall be the exclusive remedy for all Arbitrable Claims. Except as provided in Section 17.12(a)(ii), the Arbitrator (as defined below) shall decide whether a claim is
an Arbitrable Claim. THE PARTIES HEREBY WAIVE ANY RIGHTS THAT THEY MAY HAVE TO TRIAL BY JURY IN REGARD TO ARBITRABLE CLAIMS. 

(ii) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, HOWEVER, THE COMPANY MAY ENFORCE IN COURT, WITHOUT PRIOR RESORT TO ARBITRATION,
ANY CLAIM CONCERNING ACTUAL OR THREATENED UNFAIR COMPETITION AND/OR THE ACTUAL OR THREATENED USE AND/OR UNAUTHORIZED DISCLOSURE OF CONFIDENTIAL OR PROPRIETARY INFORMATION OF THE COMPANY. The court shall determine whether a claim concerns actual or
threatened unfair competition and/or the actual or threatened use and/or unauthorized disclosure of confidential or proprietary information of the Company. 
 (b) Arbitration Procedure. 
 (i) American Arbitration Association Rules;
Initiation of Arbitration; Location of Arbitration. Arbitration of Arbitrable Claims shall be in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association (“AAA Rules”), except as provided
otherwise in this Agreement. Arbitration shall be initiated by providing written notice to the other party with a statement of the claim(s) asserted, the facts upon which the claim(s) are based, and the remedy sought. This notice shall be provided
to the other party within two (2) years of the acts or omissions complained of. Any claim not initiated within this limitations period shall be null and void, and the Company and the Director waive all rights under statutes of limitation of
different duration. The arbitration shall take place in New York, New York. 
 (ii) Selection of Arbitrator. All
disputes involving Arbitrable Claims shall be decided by a single arbitrator (the “Arbitrator”), who shall be selected as follows. The American Arbitration Association (“AAA”) shall give each party a list of eleven
(11) arbitrators drawn from its panel of employment arbitrators (the “Name List”). Each party may strike up to six (6) names on the Name List it deems unacceptable, and shall notify the other party of the names it has stricken,
within fourteen (14) calendar days of the date the AAA 

  
 10 

 
gave notice of the Name List. If only one common name on the Name List remains unstricken by the parties, that individual shall be designated as the Arbitrator. If more than one common name
remains on the Name Lists unstricken by parties, Director shall strike one of the remaining names and notify the Company, within seven (7) calendar days of notification of the list of unstricken names. If, after Director strikes a name as set
forth in the preceding sentence, there is still two or more unstricken names, the Company and the Director shall alternately strike names (with the Company having the next strike) and notify the other party of the stricken name within seven
(7) calendar days, until only one remains. If no common name on the initial the Name List remains unstricken by the parties, the AAA shall furnish an additional list or lists, and the parties shall proceed as set forth above, until an
Arbitrator is selected. 
 (iii) Conduct of the Arbitration. 

(A) Discovery. To help prepare for the arbitration, the Director and the Company shall be entitled, at their own expense, to learn
about the facts of a claim before the arbitration begins. Each party shall have the right to take the deposition of one (1) individual and any expert witness designated by another party. Each party also shall have the right to make requests for
production of documents to any party. Additional discovery may be had only where the Arbitrator so orders, upon a showing of substantial need. At least thirty (30) days before the arbitration, the parties must exchange lists of witnesses,
including any expert witnesses, and copies of all exhibits intended to be used at the arbitration. 
 (B) Authority. The
Arbitrator shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or in person as the Arbitrator deems necessary. The Arbitrator shall have the authority to entertain a motion
to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions under the Federal Rules of Civil Procedure. The Arbitrator shall apply the substantive law (and the law of remedies, if applicable) of
the state in which the claim arose, or federal law, or both, as applicable to the claim(s) asserted. The Arbitrator shall have the authority to award equitable relief, damages, costs and fees as provided by the law for the particular claim(s)
asserted. The arbitrator shall not have the power to award remedies or relief that a New York court could not have awarded. The Federal Rules of Evidence shall apply. The burden of proof shall be allocated as provided by applicable law. Except as
provided in Section 17.12(a)(ii), the Arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of the
Agreement, including but not limited to any claim that all or any part of any of the Agreement is void or voidable and any assertion that a dispute between the Director and the Company is not an Arbitrable Claim. The arbitration shall be final and
binding upon the parties. 
 (C) Costs. Either party, at its expense, may arrange for and pay the cost of a court
reporter to provide a stenographic record of the proceedings. If the Arbitrator orders a stenographic record, the parties shall split the cost. Except as otherwise provided in this Section 17.12 and in Section 17.7, the Director and the
Company shall equally share the fees and costs of the arbitration and the Arbitrator. 

  
 11 

 (c) Confidentiality. All proceedings and documents prepared in connection with any
Arbitrable Claim shall be confidential and, unless otherwise required by law, the subject matter thereof shall not be disclosed to any person other than the parties to the proceeding, their counsel, witnesses and experts, the Arbitrator, and, if
involved, the court and court staff. All documents filed with the Arbitrator or with a court shall be filed under seal. The parties shall stipulate to all arbitration and court orders necessary to effectuate fully the provisions of this subparagraph
concerning confidentiality. 
 (d) Enforceability. Either party may bring an action in any court of competent
jurisdiction to compel arbitration under this Agreement and to enforce an arbitration award. Except as provided above, None of the parties shall initiate or prosecute any lawsuit or administrative action in any way related to any Arbitrable Claim.
The Federal Arbitration Act shall govern the interpretation and enforcement of this Section 17.12. 
  

			
	WISDOMTREE INVESTMENTS, INC.
	380 Madison Avenue, 21st Floor,
	New York, New York 10017
		
	By:	 	  

		 	        Jonathan L. Steinberg
		 	        Chief Executive Officer

  
 12 

 Acceptance 
 The Optionholder hereby acknowledges: I have received a copy of this Agreement; I have had the opportunity to consult legal counsel in regard to this Agreement, and have availed myself of that opportunity
to the extent I wish to do so (I understand the Company’s attorneys represent the Company and not myself, and I have not relied on any advice from the Company’s attorneys); I have read and understand this Agreement; I AM FULLY AWARE OF
LEGAL EFFECT OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION THE EFFECT OF SECTION 17.12 HEREOF CONCERNING ARBITRATION; and I have entered into this Agreement freely and voluntarily and based on my own judgment and not on any representations or
promises other than those contained in this Agreement, the Optionholder accept this Option subject to all the terms and conditions of this Agreement. 
 The Optionholder acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition of the Option Shares and that the Optionholder should consult a tax adviser prior to
such exercise or disposition. 
  

			
	Dated:	 	
		
	  
	 	

  

			
	Address:	 	  

		
		 	  

  
 13 

 EXHIBIT A 
 FORM OF NOTICE OF EXERCISE OF OPTION 
 DATED:
                     
 WisdomTree
Investments, Inc. 
 380 Madison Avenue, 21st Floor 
 New
York, New York 10017 
 Attention: Stock Option Committee of the Board of Directors 

 

	 	Re:	Purchase of Option Shares 

 Gentlemen:

 In accordance with my Stock Option Agreement dated as of August 25, 2008 (“Agreement”) with WisdomTree Investments, Inc. (the
“Company”), I hereby irrevocably elect to exercise the right to purchase          shares of the Company’s common stock, par value $.01 per share (“Common Stock”), which are
being purchased for investment and not for resale. 
 As payment for my shares, enclosed is (check and complete applicable
box[es]): 
  

	 	(    )	a [personal check] [certified check] [bank check] 

 payable to the order of “WisdomTree Investments, Inc.” in the sum of $        ; 

 

	 	(    )	confirmation of wire transfer in the amount of $        ; and/or 

 

	 	(    )	certificate for shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as defined in
Section 5.2) of $        . 

  

	 	(    )	the surrender of that portion of the Option representing the right to purchase              Option
Shares with a “value” as defined in Section 8.3.3 (b) of the Agreement. 

 I hereby represent,
warrant to, and agree with, the Company that: 
 (i) I have acquired the Option and shall acquire the Option
Shares for my own account and not with a view towards the distribution thereof; 
 (ii) I have received a copy of
all reports and documents required to be filed by the Company with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, within the last twenty-four (24) months and all reports issued by the Company
to its stockholders, or a copy of the Company’s current information made available to the public pursuant to Commission Rule 15c2-1; 
 (iii) I understand that I must bear the economic risk of the investment in the Option Shares, which cannot be sold by me unless they are registered under the Securities Act of 1933 (the “1933
Act”) or an exemption therefrom is available thereunder and that the Company is under no obligation to register the Option Shares for sale under the 1933 Act; 

(iv) As a result of my position with the Company, I have had both the opportunity to ask questions and receive answers
from the officers and directors of the Company and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder and to obtain any additional information to the extent the Company possesses or may possess such
information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained pursuant to 

  
 14 

 
clause (ii) above; 
 (v) I am aware that the Company
shall place stop transfer orders with its transfer agent against the transfer of the Option Shares in the absence of registration under the 1933 Act or an exemption therefrom as provided herein; 

(vi) my rights with respect to the Option Shares shall, in all respects, be subject to the terms and conditions of this
Agreement; and 
 (vii) the certificates evidencing the Option Shares may bear the following legends: 

“The shares represented by this certificate have been acquired for investment and have not been registered under the Securities Act
of 1933. The shares may not be sold or transferred in the absence of such registration or an exemption therefrom under said Act.” 
 Kindly forward to me my certificate at your earliest convenience. 
  

							
	Very truly yours,	  		  		  	
				
	  
	  		  	  
	  	
	(Signature)	  		  	(Address)	  	
				
	  
	  		  	  
	  	
	(Print Name)	  		  	(Address)	  	
				
	  
	  		  		  	
	(Social Security Number)	  		  		  	

  
 15

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