Document:

Exhibit 10.8

 

EXECUTION VERSION

 

STOCK GRANT AMENDMENT AND TRANSFER
AGREEMENT

 

This Stock
Grant Amendment and Transfer Agreement (“Agreement”)
is made as of March 4, 2020, by and among Assure Holdings Corp., a Nevada corporation (“Assure”);
Preston Parsons, a Colorado resident (“Parsons”);
and each of the persons set forth on Schedule I (each, a “Grantee”
and collectively, the “Grantees”).
Assure and Parsons together are referred to as the “Parties”.

 

RECITALS:

 

WHEREAS:

 

		A.	Parsons is the founder of Assure Neuromonitoring, LLC which was reorganized in November 2016
into Assure Holdings Inc. (“Holdings”);

 

		B.	Holdings was acquired by Montreux Capital Corp. by way of a reverse take-over and following
same, the resulting entity changed its name to Assure, the whole in connection with a business combination (the “Business
Combination”), effected under the terms of a Share Exchange Agreement dated
on or about May 16, 2017 (the “Share Exchange Agreement”);

 

		C.	Under the Business Combination, (i) Parsons’ common
stock in Holdings was exchanged for common stock of Assure; and (ii) Assure assumed obligations under a stock grant agreement dated
November 8, 2016 (the “Stock Grant Agreement”),
under which Parsons was granted Five Million (5,000,000) shares of common stock (the “Parsons
Incentive Shares”), which vested based on certain grant conditions determinable
upon finalizing Assure’s audited financial statements for the fiscal year ending December
31, 2017 (the “Vesting Conditions”);

 

		D.	Assure had a delay in preparing its audited financial statements for the fiscal year ending
December 31, 2017, and Assure and Parsons agreed to suspend the Vesting Conditions and the issuance of the Parsons Incentive Shares
pending negotiation of a reallocation of a portion of the Parsons Incentive Shares for the purposes of retaining the Grantees as
key employees, officers and/or directors;

 

		E.	Parsons is the largest shareholder of Assure and has an interest in ensuring that Assure can
retain these key employees, officers and directors and desires to transfer One Million Seven Hundred Thousand (1,700,000) Parsons
Incentive Shares (the “Transferred Incentive Shares”)
to the Grantees;

 

		F.	The Board of Directors of Assure (with Parsons abstaining) has determined that it is in the
best interest of Assure to (i) amend the Vesting Conditions; (ii) approve the Parsons’ request
to transfer the Transferred Incentive Shares to the Grantees for retention purposes; and (iii) to amend and restate the remaining
Parsons Incentive Shares grant and to document the grant the Transferred Incentive Shares under the terms of Stock Grant Agreements;

 

     

     

    

 

		G.	Assure’s common stock is listed and Assure is
subject to the requirements of the TSX Venture Exchange and certain rules related to compensatory transactions, including the amendment
of the vesting conditions related to the Parsons Incentive Shares and the transfer and grant of the Transferred Incentive Shares
to the Grantees, which require TSX Venture Exchange approval (the “Regulatory
Approval”); and

 

		H.	Assure and Parsons now desire to transfer the Transferred Incentive Shares and to amend the
Vesting Conditions on the Parsons Incentive Shares.

 

AGREEMENT

 

NOW, THEREFORE:

 

In consideration of the representations,
warranties, mutual covenants and agreements of the Parties contained in this Agreement, the Parties agree as follows:

 

ARTICLE I

CANCELLATION AND SURRENDER OF INCENTIVE
STOCK

 

1.1       Cancellation
of the Transferred Incentive Shares. Assure and Parsons acknowledge and irrevocably agree that Parsons shall transfer and assign
the Transferred Incentive Shares (One Million Seven Hundred Thousand (1,700,000) Parsons Incentive Shares), granted under the Stock
Grant Agreement, to each of the Grantees as follows:

 

	Employee, Officer, Director	 	Title	 	Number of Incentive Shares	 
	George Simms	 	 	 	 	500,000	 
	Stephanie Krause	 	 	 	 	250,000	 
	Beth Lindstrom	 	 	 	 	250,000	 
	John Farlinger	 	Director/Acting CEO	 	 	300,000	 
	Alex Rasmussen	 	 	 	 	200,000	 
	Trent Carman	 	Chief Financial Officer	 	 	200,000	 
	 	 	Total	 	 	1,700,000	 

 

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Each of the Grantees accepts their allocation of the Transferred
Incentive Shares.

 

1.2       Capital
Contribution by Parsons. Parsons agrees and acknowledges that the the Transferred Incentive Shares under this Agreement is
intended to be treated as an additional capital contribution by Parsons to Assure to facilitate the issuance of stock grants to
the Grantees, subject to Regulatory Approval.

 

1.3       Closing.
The closing of the transactions contemplated by this Agreement (the “Closing”)
will take place at 12:00 pm (Denver time) on the fifth Business Day following receipt of the Regulatory Approval or at such other
time or on such other date as the Parties may mutually agree upon in writing (the “Closing
Date’’), at the offices of Dorsey & Whitney LLP, 1400 Wewatta Street,
Suite 400, Denver, CO 80202.

 

ARTICLE II

AMENDMENT OF STOCK GRANT AGREEMENT; REGRANT

 

2.1       Amendmend
of Stock Grant Agreement. Assure and Parsons agree the Stock Grant Agreement shall be amended and restated in its entirety
and replaced by the Stock Grant Agreement attached hereto as Exhibit A.

 

2.2       Grant
of Transferred Incentive Shares. Assure agrees to record the transfer of the Transferred Incentive Shares to the Grantees and
execute and deliver a Stock Grant Agreement to each Grantee, in substantially the form attached hereto as Exhibit B, as
follows:

 

	Employee, Officer, Director	 	Title	 	Number of Incentive Shares	 
	George Simms	 	 	 	 	500,000	 
	Stephanie Krause	 	 	 	 	250,000	 
	Beth Lindstrom	 	 	 	 	250,000	 
	John Farlinger	 	Director/Acting CEO	 	 	300,000	 
	Alex Rasmussen	 	 	 	 	200,000	 
	Trent Carman	 	Chief Financial Officer	 	 	200,000	 
	 	 	Total	 	 	1,700,000	 

 

ARTICLE III

MISCELLANEOUS

 

3.1       Entire
Agreement. This Agreement contains the entire understanding of the Parties with respect to the transactions contemplated in
this Agreement and the terms of this Agreement expressly replace and supersede any prior oral or written communication, understanding
or agreement among the Parties and this Agreement may be amended only by agreement in writing executed by the Parties.

 

3.2       Notices.

 

(a)       All
notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent
by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document
(with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent
after normal business hours of the recipient or (d) on the third day after the date mailed, by certified or registered mail, return
receipt requested, postage prepaid. Any communications must be sent to the respective parties at the following addresses:

 

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	If to Assure:	Assure Holdings Corp.

4600 S. Ulster Street, Suite 1225

Denver, CO 80237

Attention: John Farlinger, Acting CEO

Email: john.farlinger@assureiom.com

 

	with a copy to:	Dorsey & Whitney LLP

1400 Wewatta Street, Suite 400

Denver, Colorado 80202

Attention: Kenneth Sam, esq.

Email: sam.kenneth@dorsey.com

 

	If to Parsons:	Preston Parsons

4600 S. Ulster Street, Suite 1225

Denver, CO 80237

Email: ppars5@gmail.com

 

If to a
Grantee at the address set forth beside the Grantee’s signature below.

 

3.3       Choice of Law. This Agreement
shall be governed by and construed in accordance with the internal laws of the State of Colorado without giving effect to any choice
or conflict of law provision or rule (whether of the State of Colorado or any other jurisdiction).

 

3.4       Arbitration.
Any claim or dispute of any nature between the parties hereto arising directly or indirectly from the relationship created by
this Agreement shall be resolved exclusively by three (3) arbitrators in Denver, Colorado, in accordance with the applicable rules
of the American Arbitration Association. Each of Assure and Parsons shall designate a person to act as an arbitrator, and a third
to be appointed by the Denver, Colorado office of the American Arbitration Association. The fees of the arbitrators and other
costs incurred by the parties in connection with such arbitration shall be paid by the party which is unsuccessful in such arbitration
as shall be determined by the arbitrators. The decision of the arbitrators shall be final and binding upon both parties. Judgment
on the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. In the event of submission of
any dispute to arbitration, each party shall, not later than 30 days prior to the date set for hearing, provide to the other party
and to each of the arbitrators a copy of all exhibits upon which the party intends to rely at the hearing and a list of all persons
each party intends to call at the hearing.

 

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3.5       Attorneys’
Fees. The prevailing party in any action or proceeding
to enforce, interpret, or recover damages for breach of this Agreement shall be entitled to the award of reasonable attorneys’
fees and costs at all levels of proceedings.

 

3.6       Survival.
The representations, warranties, covenants and agreements set forth in this Agreement will survive the closing of the transaction
contemplated in this Agreement.

 

3.7       Heading.
The headings of the Articles and Sections herein are inserted for convenience of reference only and shall be ignored in the construction
or interpretation of this Agreement.

 

3.8       Invalid
Provisions. If any one or more of the provisions of this Agreement, or the applicability of any provision to a specific situation,
shall be held invalid or unenforceable, that provision shall be modified to the minimum extent necessary to make it or its application
valid and enforceable and the validity and enforceability of all other provisions of this Agreement and all other applications
of any such provision shall not be affected thereby.

 

3.9      Successors
and Assigns. This Agreement is binding on and inures to the benefit of the Parties and their respective heirs, personal representatives,
successors and assigns and all of their past, present, and future principals, officers, directors, agents, and employees and their
respective heirs and legal representatives. None of the Parties may assign any rights or obligations hereunder without the prior
written consent of the other Parties, which consent shall not be unreasonably withheld.

 

3.10      Time
of Essence. Time is of the essence in this Agreement.

 

3.11      Further
Assurances. Parsons will execute and deliver such further instruments and take such additional actions as Assure may reasonably
request to effect, consummate, confirm or evidence the transactions contemplated in this Agreement. Assure by and through its duly
authorized officers, employees or agents will execute and deliver such further instruments and take such additional actions as
Parsons may reasonably request to effect, consummate, confirm or evidence the transactions contemplated in this Agreement.

 

3.12      Counterpart
Execution; Facsimile. This Agreement may be executed in multiple counterparts each of which may be deemed an original and shall
become effective when the separate counterparts have been exchanged among the Parties. This Agreement may be signed and delivered
to the other party by facsimile transmission; such transmission shall be deemed a valid signature.

 

3.13      Cooperation
Among the Parties. Assure and Parsons agree to cooperate in performing their duties under this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

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	Dated
    as of the day and year first above written.	 
	 	 
	ASSURE:	 
	 	 
	Assure Holdings Corp.,
    a Nevada corporation	 
	 	 
	/s/ John
    Farlinger	 
	John Farlinger,	 
	Acting Chief Executive
    Officer	 
	 	 
	PRESTON PARSONS:	 
	 	 
	/s/ Preston Parsons	 
	Preston Parsons	 
	A Colorado Resident	 

 

    6EXHIBIT
10.9

 

RESTRICTED STOCK AWARD AGREEMENT 

 

	 	 	 	 	 
	Name of Grantee:	 	 	 	 	 
	 	 	 
	No. of Shares (the “Restricted Stock”):	 	 	     	 	 
	 	 	 
	Grant Date:	 	 	   	 	 
	 	 	 	 	 	 

 

Pursuant to the Incentive Stock Grant Agreement
dated as of _____________ (the “Incentive Stock Grant Agreement”), between the Grantee named above (the “Grantee”)
and Assure Holdings Corp., a Colorado corporation (the “Company”), the Company hereby issues to the Grantee this Restricted
Stock Award (an “Award”). Upon acceptance of this Award, the Grantee shall receive the number of the Company’s
common stock (the “Shares”) specified above, subject to the restrictions and conditions set forth herein. The Company
acknowledges the receipt from the Grantee of consideration with respect to the Fair Market Value of the Shares in the form of past
and future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Company.

 

1. Award. The shares of Restricted
Stock awarded hereunder shall be issued and held by the Company’s transfer agent in book entry form, and the Grantee’s
name shall be entered as the stockholder of record on the books of the Company. Thereupon, the Grantee shall have all the rights
of a stockholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions and conditions
specified in Section 2 below. The Grantee shall (i) sign and deliver to the Company a copy of this award agreement (the
 “Agreement”) and (ii) deliver to the Company a stock power endorsed in blank.

 

2. Restrictions and Conditions.

 

(a)                
Legend. Any book entries for the shares of Restricted Stock granted herein shall bear
an appropriate legend to the effect that such shares (i) have not been registered under the U.S. Securities Act of 1933, as amended
(the “U.S. Securities Act”), or any state securities laws and (ii) are subject to restrictions as set forth herein,
in the following form:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
(A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (B) IN ACCORDANCE WITH RULE 144, OR (C) PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS OR BLUE SKY LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL REASONABLY SATISFACTORY
TO THE COMPANY.

 

THESE SECURITIES ARE SUBJECT TO THE RESTRICTIONS SET
FORTH IN THE RESTRICTED STOCK AWARD AGREEMENT DATED DECEMBER 22, 2020.

 

    - 1 -

     

    

 

(b)               
 Non-Transferable Shares. Shares of Restricted Stock granted herein may not be sold,
assigned, transferred, pledged or otherwise encumbered or disposed of by the Grantee prior to vesting as provided for in Section
3. 

 

3. Vesting of Restricted Stock.
The Shares shall remain forfeitable subject to the Grantee’s continued service with the Company until such risk of forfeiture
lapses as set forth herein. The Shares shall become fully vested and non-forfeitable upon the earliest of the following events:

 

(a)                
The effectiveness of a registration statement on Form S-1, Form S-3 or Form S-8 filed under
the U.S. Securities Act, registering the offer and sale of the Shares for resale by the Grantee without a hold period or restriction;

 

(b)               
The availability of an exemption from the registration requirements of the U.S. Securities
Act and applicable state securities laws, which permits the Grantee to offer and sell the Shares without a hold period or restriction;

 

(c)                
The Company’s involuntary termination of the Grantee without cause or the termination
of the Grantee’s appointment as an officer or director of the Company;

 

(d)               
At the close of business on December 31, 2021; or

 

(e)                
Upon a Change in Control of the Company (as defined in the Incentive Stock Grant Agreement).

 

4. Dividends. Dividends on shares
of Restricted Stock shall be paid currently to the Grantee.

 

5. Transferability. This Agreement
is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than
by will or the laws of descent and distribution.

 

6. Tax Withholding. The Grantee
shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal income tax purposes, pay
to the Company or make arrangements satisfactory to the Committee for payment of any Federal, state, and local taxes required by
law to be withheld on account of such taxable event.

 

7. Election Under Section 83(b).
The Grantee and the Company hereby agree that the Grantee may, within 30 days following the Grant Date of this Award, file with
the Internal Revenue Service and the Company an election under Section 83(b) of the Internal Revenue Code. In the event the
Grantee makes such an election, he or she agrees to provide a copy of the election to the Company. The Grantee acknowledges that
he or she is responsible for obtaining the advice of his or her tax advisors with regard to the Section 83(b) election and
that he or she is relying solely on such advisors and not on any statements or representations of the Company or any of its officers,
employees or agents with regard to such election.

 

8. No Obligation to Continue Employment.
Neither the Company nor any of its subsidiaries or affiliates is obligated by or as a result of the Plan or this Agreement to continue
the Grantee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any
of its subsidiaries or affiliates to terminate the employment of the Grantee at any time.

 

9. Integration. This Agreement constitutes
the entire agreement between the parties with respect to this Award and supersedes all prior agreements and discussions between
the parties concerning such subject matter.

 

    - 2 -

     

    

 

10. Notices. Notices hereunder shall
be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Grantee at the
address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party
in writing.

 

	 	Assure Holdings Corp.
	 	 	 
	 	By:	
  
	 	 	Name, Title:  

 

The foregoing Agreement is hereby accepted and the terms and
conditions thereof hereby agreed to by the undersigned. Electronic acceptance of this Agreement pursuant to the Company’s
instructions to the Grantee is acceptable.

 

	Dated:	 	 	

	 	 	 	Grantee’s Signature
	 	 	 	 
	 	 	 	Grantee’s name:  
	 	 	 	 

 

    - 3 -

     

    

 

STOCK POWER

 

FOR VALUE RECEIVED,
upon forfeiture under the terms of the Restricted Stock Award Agreement by and between _______________ (the “Undersigned”)
and Assure Holdings Corp. (the “Company”), dated ________________, the Undersigned does hereby sell, assign
and transfer unto the Company ___________ shares of common stock of, standing in his name on the books of the Company,
represented by book entry form, and does hereby irrevocably constitute and appoint _______________________, as attorney
to transfer said stock on the books of the Company with full power of substitution in the premises.

 

	Dated:	
	 	 
	 	 

 

    - 4 -

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