Document:

AMENDED AND RESTATED

HARRIS & HARRIS GROUP, INC.

2012 EQUITY INCENTIVE PLAN 

 

EMPLOYEE RESTRICTED STOCK AGREEMENT 

(____________, 20__)

 

Harris & Harris
Group, Inc. (the “Company”), a New York corporation, hereby grants to the employee identified in the Restricted Stock
Award Statement (the “Employee”) under the Amended and Restated Harris & Harris Group, Inc. 2012 Equity
Incentive Plan (the “Plan”) a Restricted Stock Award (the “Award”) dated __________, 20__, with
respect to the number of shares set forth in the Restricted Stock Award Statement attached hereto an Annex A (the “Shares”)
of the Common Stock of the Company (the “Common Stock”), all in accordance with and subject to the following terms
and conditions:

 

1.Book Entry Registration.
The Shares shall be evidenced by a book entry account maintained by the Company’s Transfer Agent for the Common Stock. Upon
the vesting of Shares, no certificates will be issued except upon a separate written request made to such Transfer Agent or other
agent as determined by the Company.

 

2.Restrictions. Subject
to Section 3 below, (a) the restrictions on Employee’s Time-Based Shares shall lapse and the Shares shall vest on the dates
set forth in the Restricted Stock Award Statement, and (b) the restrictions on Employee’s Performance-Based Shares shall
vest on the date(s) the performance goals set forth in the Restricted Stock Award Agreement are attained (each a “Vesting
Date), provided in each case that the Employee remains an employee and/or officer of the Company (or a subsidiary or affiliate)
during the entire period (the “Restriction Period”) commencing on the Award Date set forth in the Award Statement and
ending on the applicable Vesting Date.

 

3.Termination
of Employment During Restriction Period. In the event of the termination of the Employee’s employment with the Company
(and with all subsidiaries and affiliates of the Company) prior to a Vesting Date due to death or Disability, the restrictions
on Employee’s Time-Based Shares for which the scheduled Vesting Date is within 6 months from the date of Employee’s
termination of employment shall lapse; the Employee shall forfeit all rights to any other Time-Based Shares and all of the Performance-Based
Shares in the event of termination of Employee’s employment with the Company (and with all subsidiaries and affiliates of
the Company) for any reason prior to the applicable Vesting Date. Notwithstanding the foregoing, the restrictions on the Shares
shall lapse upon a Change in Control (as defined in the Plan), and the Compensation Committee of the Board of Directors of the
Company may, in its sole discretion, waive the restrictions on, and the vesting requirements for, the Shares in other circumstances.

 

4.Voting and Dividend Rights.
During the Restriction Period, the Employee shall have the rights to vote the Shares and to receive any cash or deemed dividends
payable with respect to the Shares, as paid, less applicable withholding taxes (it being understood that such dividends will generally
be taxable as ordinary compensation income during such Restriction Period).

 

5.Transfer Restrictions.
This Award and the Shares (until they become unrestricted pursuant to the terms hereof) are non-transferable and may not be assigned,
hypothecated or otherwise pledged and shall not be subject to execution, attachment or similar process. Upon any attempt to effect
any such disposition, or upon the levy of any such process, the Award shall immediately become null and void and the Shares shall
be forfeited.

 

    	 

    	 

    

 

 

6.Withholding Taxes. The
Company is authorized to satisfy the actual minimum statutory withholding taxes arising from the granting or vesting of this Award,
as the case may be, by deducting the number of shares having an aggregate value equal to the amount of withholding taxes due from
the total number of shares awarded or the number of shares vesting or otherwise becoming subject to current taxation. The Company
is also authorized to satisfy the actual withholding taxes arising from the granting or vesting of this Award by the remittance
of the required amounts from any proceeds realized upon the open-market sale of vested Shares by the Employee. Shares deducted
from this Award in satisfaction of actual minimum withholding tax requirements shall be valued at the Fair Market Value of the
Shares on the date as of which the amount giving rise to the withholding requirement first became includible in the gross income
of the Employee under applicable tax laws.

 

7.Death of Employee. If
any of the Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee
except that, to the extent permitted by the Compensation Committee, if the Company shall have theretofore received in writing a
beneficiary designation, the Shares shall be registered in the name of the designated beneficiary.

 

8.Board Authorization in the
Event of Restatement. Notwithstanding anything in this Agreement to the contrary, if the Board of Directors of the Company
or an appropriate Committee of the Board determines that, as a result of a restatement of the Company’s financial statements,
the Employee has received greater compensation in connection with the Award than would been received absent the incorrect financial
statements, the Board or Committee, in its discretion, may take such action with respect to this Award as it deems necessary or
appropriate to address the events that gave rise to the restatement and to prevent its recurrence. Such action may include, to
the extent permitted by applicable law, causing the full or partial cancellation of this Award and, with respect to Shares that
have vested, requiring the Employee to repay to the Company the full or partial Fair Market Value of the Award determined at the
time of vesting, and the Employee agrees by accepting this Award that the Board or Committee may make such a cancellation, impose
such a repayment obligation, or take other necessary or appropriate actions in such circumstances.

 

9.Other Terms and Provisions.
The terms and provisions of the Plan (a copy of which will be furnished to the Employee upon written request to the Office of the
Secretary, Harris & Harris Group, Inc., 1450 Broadway, 24th Floor, NY, NY 10018) are incorporated herein by reference.
To the extent any provision of this Award is inconsistent or in conflict with any term or provision of the Plan, the Plan shall
govern. Capitalized terms not otherwise defined herein have the meaning set forth in the Plan. In the event of any merger, share
exchange, reorganization, consolidation, recapitalization, reclassification, distribution, stock dividend, stock split, reverse
stock split, split-up, spin-off, issuance of rights or warrants or other similar transaction or event affecting the Common Stock
after the date of this Award, the Board of Directors of the Company is authorized, to the extent it deems appropriate, to make
adjustments to the number and kind of shares of stock subject to this Award, including the substitution of equity interests in
other entities involved in such transactions, to provide for cash payments in lieu of Shares, and to determine whether continued
employment with any entity resulting from such a transaction will or will not be treated as continued employment with the Company
and its subsidiaries and affiliates, in each case subject to any Board or Committee action specifically addressing any such adjustments,
cash payments, or continued employment treatment.

 

For purposes of this
Agreement, the term “Disability” means permanent and total disability as determined under procedures established by
the Company for purposes of the Plan. Generally, for purposes of this Agreement, (a) a “subsidiary” includes only any
company in which the Company, directly or indirectly, has a beneficial ownership interest of greater than 50 percent and (b) an
“affiliate” includes only any company that (A) has a beneficial ownership interest, directly or indirectly, in the
Company of greater than 50 percent or (B) is under common control with the Company through a parent company that, directly or indirectly,
has a beneficial ownership interest of greater than 50 percent in both the Company and the affiliate.

    	2

    	 

    

 

 

IN WITNESS WHEREOF,
this Restricted Stock Agreement has been duly executed as of ___________, 20__.

 

	 	HARRIS &HARRIS GROUP, INC.
	 	 	 
	 	 	 
	 	 	 
	 	By:	_______________
	 	 	Corporate Secretary
	 	 	 
	 	 	 
	 	[EMPLOYEE NAME]
	 	 	 
	 	 	 
	 	 	 
	 	By:	________________

 

 

    	3Exhibit 10.1

 

Portions of this exhibit have been omitted pursuant to a request
for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. Such portions are marked “[*]” in this document; they have been filed separately with the Commission.

 

 

	 	 	 

 

 

AMENDMENT NO. 7

 

TO

 

CONTRACT NUMBER GINC-C-08-0390

 

BETWEEN

 

GLOBALSTAR CANADA SATELLITE CO.

 

AND

 

HUGHES NETWORK SYSTEMS, LLC

 

FOR

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM

 

 

 

HUGHES AND GLOBALSTAR CONFIDENTIAL AND PROPRIETARY

 

    	 

    	 	

    
 

This Amendment No. 7 (“Amendment”) is entered into
effective as of February 1, 2012 (“Effective Date”), by and between Hughes Network Systems, LLC, a limited liability
company organized under the laws of Delaware (hereinafter referred to as the “Contractor”) with its principal place
of business at 11717 Exploration Lane Germantown, Maryland 20876 USA, and Globalstar Canada Satellite Co., a company incorporated
under the laws of Canada with its principal place of business at 115 Matheson Boulevard West, Suite 100, Mississauga, Ontario,
L5R 3L1, Canada (hereinafter referred to as “Globalstar” or “Customer”). As used herein, Contractor and
Globalstar may be referred to individually as a “Party” and collectively as the “Parties”.

 

WHEREAS, Contractor and Globalstar, Inc. entered into Contract
No. GINC-C-08-0390 for the delivery of the Radio Access Network (“RAN”) and the User Terminal Subsystem (“UTS”)
(“Contract”) effective May 1, 2008;

 

WHEREAS, Contractor and Globalstar, Inc. entered into a Letter
Agreement, dated September 22, 2008, for the deferral of payment of certain Payment Milestones (“Deferred Payments”)
under the Contract, subject to interest;

 

WHEREAS, Contractor and Globalstar, Inc. entered into Amendment
No. 1, dated June 16, 2009, for the payment of the Deferred Payments with interest, the PDR Payment Milestone and advance payments;

 

WHEREAS, Contractor and Globalstar, Inc. entered into Amendment
No. 2, dated August 28, 2009, to extend the schedule of the RAN and UTS program and to revise certain payment milestones and program
milestones to reflect the revised program timeline;

 

WHEREAS, Contractor and Globalstar, Inc. entered into Amendment
No. 3, dated September 21, 2009, to incorporate the revised the program management schedule;

 

WHEREAS, Contractor and Globalstar, Inc. entered into Amendment
No. 4, dated March 24, 2010, to implement certain Contract Change Notices;

 

WHEREAS, Contractor and Globalstar, Inc. entered into a Letter
Agreement, dated March 21, 2011, for the deferral of payment of certain amounts due under the Contract, subject to interest, as
further amended on October 14, 2011 and on December 30, 2011 (“Current Deferral Letter”);

 

WHEREAS, Contractor, Globalstar and Globalstar, Inc. entered
into Amendment No. 5, dated April 5, 2011, to substitute Globalstar for Globalstar, Inc. under the Contract and with certain exceptions,
for all of Globalstar, Inc.’s rights and obligations under the Contract to be assigned to and assumed by Globalstar;

 

WHEREAS, Contractor and Globalstar entered into Amendment No.
6, dated November 4, 2011, to extend the schedule of the RAN and UTS program and revise the remaining payment milestones and program
milestones to reflect the revised program timeline;

 

WHEREAS, the Parties wish to further extend the schedule of
the RAN and UTS program and revise the remaining payment milestones and program milestones to reflect the revised program timeline.

 

NOW, THEREFORE, in consideration of the mutual promises and
covenants contained herein, and intending to be legally bound hereby, the Parties agree to amend the Contract as follows:

 

 

    	2
HUGHES AND GLOBALSTAR CONFIDENTIAL AND PROPRIETARY

    	 

    
 

 

1.     Exhibit C, Pricing Schedule and Payment Plan (Revision
E), dated November 4, 2011, shall be deleted and replaced in its entirety by a new Exhibit C, Pricing Schedule and Payment Plan
(Revision F), dated February 1, 2012.

 

2.     Exhibit A, Statement of Work (Revision C), dated March
24, 2010 shall be deleted and replaced in its entirety by a new Exhibit A, Statement of Work (Revision D), dated February 1, 2012.

 

3.     Exhibit B1, System Technical Specifications (Revision
B), dated March 24, 2010, shall be deleted and replaced in its entirety by a new Exhibit B1, System Technical Specifications (Revision
C), dated February 1, 2012.

 

4.     Exhibit B2, RAN Technical Specifications (Revision B),
dated March 24, 2010, shall be deleted and replaced in its entirety by a new Exhibit B2, RAN Technical Specifications (Revision
C), dated February 1, 2012.

 

5.     Exhibit B3, UTS Technical Specifications (Revision B),
dated March 24, 2010, shall be deleted and replaced in its entirety by a new Exhibit B3, UTS Technical Specifications (Revision
C), dated February 1, 2012.

 

6.     This Amendment shall be governed by and interpreted according
to the laws of the state of New York.

 

7.     This Amendment may be signed in counterparts and each
original counterpart shall be deemed binding on each Party collectively and individually.

 

8.     Except as amended herein, all terms and conditions of
the Contract shall remain in full force and effect.

 

 

IN WITNESS WHEREOF, the Parties hereto have signed this
Amendment in duplicate.

 

	GLOBALSTAR CANADA SATELLITE CO. 	 	HUGHES NETWORK SYSTEMS, LLC 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	By:	/s/ Stephen Drew	 	By:	/s/ Sean Fleming	 
	Name:	 Stephen Drew	 	Name:	 Sean Fleming 	 
	Title:	Controller	 	Title:	Senior Counsel	 
	Date:	April 16, 2012	 	Date:	April 16, 2012	 

 

 

  

    	3
HUGHES AND GLOBALSTAR CONFIDENTIAL AND PROPRIETARY

    	 

    
 

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM (UTS)

 

 

EXHIBIT C: PRICING SCHEDULE AND PAYMENT
PLAN

 

Revision F

 

 

February 1, 2012

 

[*]

 

 

    	 

    	 	

    
 

1.0 PRICE SCHEDULE

 

1.1 BASELINE RAN AND UTS

 

	BASELINE
	Line Item	Supplies/Services	Price (USD)
	
         

        [*]

	
         

        [*]
	
         

        [*]

	 	TOTAL CONTRACT PRICE	$103,516,920
	 	 	 

 

[*]

 

 

    	 

    	 	

    
 

2.0 PAYMENT MILESTONES AND PLANS

 

2.1 PAYMENT MILESTONES AND PLAN FOR RAN & UTC

 

The Payment Milestones and Plan is provided below.

 

	Number	Project 

Milestone	Invoice Date	Source of

 Advance 

Payment	Regular 

Payment	Total
	
         

        [*]

	 	 	 	TOTAL	 	$103,739,688.62

 

 

[*]

 

 

    	 

    	 	

    
 

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM (UTS)

 

 

EXHIBIT A: STATEMENT OF WORK

 

Revision D

 

 

February 1, 2012

 

[*]

 

 

    	 

    	 	

    
 

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM (UTS)

 

 

EXHIBIT B1: SYSTEM TECHNICAL SPECIFICATIONS

 

Revision C

 

 

February 1, 2012

 

[*]

 

 

    	 

    	 	

    
 

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM (UTS)

 

 

EXHIBIT B2: RAN TECHNICAL SPECIFICATIONS

 

Revision C

 

 

February 1, 2012

 

[*]

 

 

    	 

    	 	

    
 

 

RADIO ACCESS NETWORK (RAN)

AND USER TERMINAL SUBSYSTEM (UTS)

 

 

EXHIBIT B3: UTS TECHNICAL SPECIFICATIONS

 

Revision C

 

 

February 1, 2012

 

[*]

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