Document:

Exhibit

December 19, 2019

Frederick Driscoll
2 Longbranch Ave
Rockport, MA 01966

		
	Re:
	Extension of Service Period

Dear Fred: 
Thank you for your continuing service to Conformis.  We appreciate you being part of the team and your willingness to continue serving as Conformis’ Interim Chief Financial Officer.
Sections 1 and 4 of your offer letter, dated October 14, 2019, describe the temporary nature of your employment and that your assignment is scheduled to last no later than December 31, 2019, unless extended by Conformis in writing.  Consistent with your discussions with Mark Augusti, the purpose of this letter is to provide written notice that your temporary assignment has been extended and is now scheduled to last no later than March 31, 2020.
Please let me know if you have any questions.
Sincerely,

/s/ Allison Baker
Allison Baker
Director, Human Resources
Conformis, Inc.
 

600 Technology Park Drive | Billerica, MA 01821 | T. 781.345.9001 | F. 781.345.0147Exhibit

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (“Amendment”), entered into as of December 23, 2019 (“Amendment Effective Date”), is by and between Conformis, Inc. (“Conformis”) and J. Brent Alldredge (“Executive”).
WHEREAS Conformis and Executive are parties to that certain Employment Agreement dated July 29, 2019, and all subsequent amendments thereto (“Agreement”);
WHEREAS Conformis and Executive wish to amend the Agreement as stated herein; and
WHEREAS Conformis and Executive wish to confirm and ratify the Agreement, as amended.
NOW, THEREFORE, for and in consideration of the mutual covenants and promises herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		
	1.
	Definitions.  Each capitalized term used but not defined in this Amendment shall have the meaning given to it in the Agreement, subject to any amendment of such term in this Amendment.

		
	2.
	Amended Provisions.  Conformis and Executive agree that, as of the Amendment Effective Date:

		
	a.
	Section 2.1(h) of the Agreement is hereby deleted in its entirety and amended as follows:

“‘Severance Period’ means the period following the date of a Qualifying Termination, Death Termination, or Disability Termination, as the case may be, that is equal to: (i) eighteen (18) months, in the event of a Qualifying Termination that occurs during a Change of Control Period; and (ii) twelve (12) months, in all other cases.”;
All other terms and conditions of the Agreement remain in full force and effect.
		
	3.
	Counterparts.  This Amendment may be executed in one or more counterparts, all of which will be considered one and the same document, and will become effective when one or more counterparts have been signed by each of the parties and delivered to the other party.  This Amendment may be executed and delivered by facsimile or e-mail transmission with the same effect as if a manually signed original was personally delivered.

		
	4.
	Ratification; Entire Agreement.  This Amendment shall not affect any of the terms or provisions of the Agreement other than those specified in this Amendment, and is only intended to amend, alter, or modify the Agreement as expressly stated herein.  Except as amended hereby, the Agreement remains in effect, enforceable against each of the parties, and is hereby acknowledged and ratified by each of the parties.  This Amendment shall be 

First Amendment to Employment Agreement
Conformis, Inc. / J. Brent Alldredge
Amendment Effective Date:  December 23, 2019    Page 1

governed by and subject to the same terms, conditions, provisions, and rules of law or construction that apply according to the Agreement.
IN WITNESS WHEREOF, the parties execute this Amendment as of the Amendment Effective Date.
	
					
	CONFORMIS

	 
	EXECUTIVE

	By:
	/s/ Mark A. Augusti
	 
	 
	/s/ J. Brent Alldredge

	 
	Mark A. Augusti
President and Chief Executive Officer
	 
	 
	J. Brent Alldredge

First Amendment to Employment Agreement
Conformis, Inc. / J. Brent Alldredge
Amendment Effective Date:  December 23, 2019    Page 2Exhibit

Form of Restricted Stock Grant for Independent Sales Representative

CONFORMIS, INC.
RESTRICTED STOCK AGREEMENT
Conformis, Inc. (the “Company”) has selected you to receive the following restricted stock award, which is subject to the provisions of the Company’s 2015 Stock Incentive Plan (the “Plan”) and the terms and conditions contained in this Restricted Stock Agreement.  
	
		
	Name of Recipient:
	_____________________

	Number of shares of restricted common stock awarded:
	_____________________

	Grant Date:
	_____________________

	
		
	Vesting Schedule:
	_____________________

	 
	 

	All vesting is dependent on the Recipient’s continued service to the Company as an independent sales representative.

Please confirm your acceptance of this restricted stock award and of the terms and conditions of this Agreement by signing a copy of this Agreement where indicated below.

	
	
	CONFORMIS, INC.

By:___________________________
Name of Officer
Title:

Accepted and Agreed:

__________________________
[insert name of recipient]

CONFORMIS, INC.
RESTRICTED STOCK AGREEMENT
The terms and conditions of the award of shares of restricted common stock of the Company (the “Restricted Shares”) made to the Recipient, as set forth on the cover page of this Agreement, are as follows:
1.    Issuance of Restricted Shares.
(a)    The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of services rendered and to be rendered by the Recipient to the Company as an independent sales representative (the “Independent Sales Representative”).
(b)    The Restricted Shares will be issued by the Company in book entry form, in the name of the Recipient.  The Recipient agrees that the Restricted Shares shall be subject to the forfeiture provisions set forth in Section 3 of this Agreement and the restrictions on transfer set forth in Section 4 of this Agreement.
2.    Vesting.  Unless otherwise provided in this Agreement or the Plan, the Restricted Shares shall vest in accordance with the vesting schedule set forth on the cover page of this Agreement.  Any fractional number of Restricted Shares resulting from the application of such vesting schedule shall be rounded down to the nearest whole number of Restricted Shares.
3.    Forfeiture of Unvested Restricted Shares Upon Cessation of Service.
In the event that the Recipient ceases to be an Independent Sales Representative to the Company, for any reason or no reason, with or without cause, all of the Restricted Shares that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Recipient, effective as of such cessation.  The Recipient hereby authorizes the Company to take any actions necessary or appropriate to cancel any certificate(s) representing forfeited Restricted Shares and transfer ownership of such forfeited Restricted Shares to the Company; and if the Company or its transfer agent requires an executed stock power or similar confirmatory instrument in connection with such cancellation and transfer, the Recipient shall promptly execute and deliver the same to the Company.  The Recipient shall have no further rights with respect to any Restricted Shares that are so forfeited.  
4.    Restrictions on Transfer.
The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any Restricted Shares, or any interest therein, until such Restricted Shares have vested, except that the Recipient may transfer such Restricted Shares: (a) to or for the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by the Compensation Committee (collectively, “Approved Relatives”) or to a trust established solely for the benefit of the Recipient and/or Approved Relatives, provided that such Restricted Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section 4) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement; or (b) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation).  The Company shall not be required (i) to transfer on its books any of the Restricted Shares which have been transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this Agreement.
5.    Restrictive Legends.  
The book entry account reflecting the issuance of the Restricted Shares in the name of the Recipient shall bear a legend or other notation upon substantially the following terms:
“These shares of stock are subject to forfeiture provisions and restrictions on transfer set forth in a certain Restricted Stock Agreement between the corporation and the registered owner of these shares (or his or her predecessor in interest), and such Agreement is available for inspection without charge at the office of the Secretary of the corporation.” 
6.    Rights as a Shareholder.
Except as otherwise provided in this Agreement, for so long as the Recipient is the registered owner of the Restricted Shares, the Recipient shall have all rights as a shareholder with respect to the Restricted Shares, whether vested or unvested, including, without limitation, rights to vote the Restricted Shares and act in respect of the Restricted Shares at any meeting of shareholders; provided that, as provided in the Plan, the payment of dividends on unvested Restricted Shares shall be deferred until the vesting of such shares.
7.    Provisions of the Plan.
This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Recipient with this Agreement.  
8.    Tax Matters.   
The Recipient acknowledges that he or she is responsible for obtaining the advice of the Recipient’s own tax advisors with respect to the acquisition of the Restricted Shares, including with respect to the availability of making an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, and the Recipient is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences relating to the Restricted Shares.  The Recipient understands that the Recipient (and not the Company) shall be responsible for the Recipient’s tax liability that may arise in connection with the acquisition, vesting and/or disposition of the Restricted Shares.  The Recipient acknowledges and agrees that the Company shall have the right to deduct from payments of any kind otherwise due to the Recipient any federal, state, local or other taxes of any kind required by law to be withheld with respect to the grant or vesting of the Restricted Shares.  
9.    Miscellaneous.
(a)    No Right to Continued Relationship.  The Recipient acknowledges and agrees that, notwithstanding the fact that the vesting of the Restricted Shares is contingent upon his or her continued service to the Company as an Independent Sales Representative, this Agreement does not constitute an express or implied promise of continued service or confer upon the Recipient any rights with respect to continued service or any other relationship with the Company.
(b)    Governing Law.  This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of laws provisions.
(c)    Recipient’s Acknowledgments.  The Recipient acknowledges that he or she has read this Agreement, has received and read the Plan, and understands the terms and conditions of this Agreement and the Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]