Document:

Exhibit 10.5

 

FORM OF RESTRICTED
STOCK VESTING AGREEMENT

 

[__________],
2021

 

[CONTACT NAME]

[ENTITY]

[ADDRESS]

[ADDRESS]

[EMAIL ADDRESS]

Via Email

Dear [NAME],

This
letter memorializes certain terms of the restricted shares of common stock of Five Star Bancorp (the “Company”)
granted to [ENTITY/you] on the dates and in the amounts specified below:

	Grant Date	Number of Shares	Vesting Date(s)
	 	 	 
	 	 	 
	 	 	 

 

As
you know, the shares are subject to certain vesting and forfeiture conditions. If [NAME/your] employment with the Company and its
affiliates terminates for any reason before the applicable vesting date shown above, the shares will be permanently forfeited for
no consideration and you will have no further rights or entitlements thereunder. While you hold the shares, whether they are vested
or unvested, you are entitled to the rights of a shareholder to vote or receive any dividend payments with respect to the shares.

Until
a restricted stock award is fully vested, the shares underlying the award may not be sold, pledged, assigned, hypothecated, transferred,
or disposed of in any manner, other than by will or by the laws of decent. Your right or interest in the shares may not be pledged,
encumbered, or hypothecated to, or in favor of, any party other than the Company, and may not be made subject to any lien, obligation,
or liability in favor of any party other than the Company or an affiliate. The shares are also subject to certain additional restrictions
on transfer and other conditions, which are set forth in the stockholders’ agreement, effective as of September 15, 2020,
by and among the Company and the shareholders thereof. The Company will not be required to transfer, or to accord rights with respect
to, any shares that have been sold or otherwise transferred in violation of such stockholders’ agreement or the terms in
this letter.

You
[and NAME, as applicable,] are responsible for any tax liability that may arise as a result of the grant, holding, vesting or dispositions
of these restricted stock awards. If you made an election under Section 83(b) of the Internal Revenue Service with respect to any
of your restricted stock awards, you must provide a copy of such election, along with evidence of timely filing, with your countersigned
copy of this letter.

The securities
are being received solely for [NAME’s/your] own account, for investment purposes, and not for further distribution.
[NAME’s/Your] entire legal and beneficial ownership interest in the shares is being purchased and shall be held solely
for [NAME’s/his/her] account[, except to the extent [he/she] intends to hold the shares jointly with [his/her] spouse].
[NAME is/You are] not a party to, and do not presently intend to enter into, any contract or other arrangement with any other
person or entity involving the resale, transfer, grant of participation with respect to or other distribution of any of the
shares. [NAME’s/Your] investment intent is not limited to the present intention to hold the shares for the minimum
capital gains period specified under any applicable tax law, for a deferred sale, for a specified increase or decrease in the
market price of the shares, or for any other fixed period in the future.

    	 

     

    

This
restricted stock award is not an employment or service contract and shall not be deemed to create in any way whatsoever any obligation
on [NAME’s/your] part or on the part of the Company to continue [NAME’s/your] employment. The restricted stock award
and this letter agreement shall be administered, interpreted and enforced under the laws of the State of California, without regard
to the conflicts of law principles thereof. Should any provision of this letter agreement be determined by a court of law to be
illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable.

Thank you for your
efforts and contributions to the success of the Company.

 

	 	Sincerely,
	 	 
	 	 
	 	By:  	 	 
	 	 	Name: 	 
	 	 	Title: 	 

 

 

Agreed to and accepted:

 

	Signature: 	 	 
	Printed Name:  	 	 
	Title:	 	 
	Date:vemanti_ex102.htm

EXHIBIT 10.2
  
 CONTRIBUTION AGREEMENT
  
 This Contribution Contribution Agreement (the “Agreement”) is made and entered into as of the third day of April, 2014, between Vermanti Group, Inc., a Nevada corporation (“Contributee”) and Tan Tran (“Contributor”) concerning the contribution to the Contributee of 100% of the issued and outstanding LLC Interests of and VoiceStep Telecom LLC, organized under the laws of California (“Company”) owned by Contributor, with Contributee and Contributor collectively referred to as “Parties.”
  
 RECITALS
  
 The Contributor wishes to contribute to Contributee all issued and outstanding ownership interest of Company owned by Contributor with the result that the Contributee will have a wholly-owned subsidiary with operations in California, on the terms and conditions set forth in this Agreement by way of an contribution of LLC interests of Contributor to Contributee as initial capital contribution by Contributor to Contributee (the “Contribution”).
  
 NOW, THEREFORE, in consideration of the terms, conditions, agreements and covenants contained herein (the receipt and sufficiency of which are acknowledged by each party), and in reliance upon the representations and warranties contained in this Agreement, the Parties hereto agree as follows:
  
 I. RECITALS; TRUE AND CORRECT; PURPOSE OF TRANSACTION
  
 The above stated recitals are true and correct and are incorporated into this Agreement.
  
 The result of the transaction contemplated under this Agreement will be that the Contributee has a wholly-owned subsidiary with more than nominal operations and/or more than nominal assets from inception of the Contributee such that at no time will Contributee ever meet the definition of a “Shell Company” under any laws, rules and regulations of the SEC and further such that the provisions of Rule 144.i will not apply to the resale of any shares of common stock issued, offered/and or sold by the Contributee as it owns from inception the Company as its wholly-owned subsidiary.
  
 II. LLC CONTRIBUTION
   
 2.1 LLC Contribution. Subject to all the terms and conditions of this Agreement, upon formation of Contributee, the Contributor shall make an initial contribution to capital to Contributee from Contributor, all of the issued and outstanding ownership interests of the Company owned by Contributor, which constitute all the issued and outstanding LLC Interests or rights to acquire issued and outstanding LLC Interests or any other form of equity securities evidencing ownership of the Company. In consideration of this Contribution, Contributee shall issue Contributor 40,000,000 shares of its Common Stock, $.0001 par value.
  
 2.2 Effective Date. The Effective Date of this Agreement is the date of the formation of the Contributee under Nevada law on April 3, 2013.
  
 	 
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 III. REPRESENTATIONS AND WARRANTIES OF CONTRIBUTOR
  
 Contributor has good and valid title to the LLC Interests and warrants that he is the lawful owner in every respect of all of the LLC Interests and that the LLC Interests are free and clear of all liens, security agreements, encumbrances, claims, demands, and charges of every kind whatsoever. Contributor agrees to warrant and defend the title to all of the LLC Interests to Contributee and to his successors and assigns, forever against every person lawfully claiming the described property or any part of it.
  
 This Agreement constitutes the valid and binding obligation of Contributor, enforceable in accordance with their respective terms, subject to general principles of equity and bankruptcy or other laws relating to or affecting the rights of creditors generally. To its knowledge, the making and performance of this Agreement (including, without limitation, the delivery of the Contributor LLC interests) by Contributor will not (i) conflict with the organizational documents of the Company; (ii) violate any order, writ, injunction, or decree applicable to Company or Contributor; or (iii) result in any breach or termination of, or constitute a default under, or constitute an event which, with notice or lapse of time, or both, would become a default under, or result in the creation of any encumbrance upon any asset of Company or Contributor under, or create any rights of termination, cancellation or acceleration in any person under, any agreement, arrangement or commitment, or violate any provisions of any laws, ordinances, rules or regulations or any order, writ, injunction or decree to which Company or Contributor is or are a party or by which Company or Contributor or any of its or their assets may be bound.
    
 IV. MISCELLANEOUS
  
 4.1 Expenses. The Parties will pay for all their own expenses and costs.
  
 4.2 Survival of Representations, Warranties and Covenants. All statements contained in this Agreement or in any certificate delivered by or on behalf of Company, Contributor of Company, all jointly and severally, or Contributee pursuant hereto or in connection with the transactions contemplated hereby shall be deemed representations, warranties and covenants by Company or Contributee, as the case may be, hereunder. All representations, warranties and covenants made by Company and by Contributee in this Agreement, or pursuant hereto, shall survive through the Closing Date.
  
 4.3 Governing Law. This Agreement shall be construed and enforced in accordance with the internal laws of Nevada without giving effect to the principles of conflicts of law thereof.
  
 4.4 Entire Agreement. This Agreement, including the Exhibits and Schedules attached hereto, sets forth the entire understandings of the Parties with respect to the subject matter hereof, and it incorporates and merges any and all previous communications, understandings, oral or written, as to the subject matter hereof, and cannot be amended or changed except in writing, signed by the Parties.
  
 	 
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 THE PARTIES TO THIS AGREEMENT HAVE READ THIS AGREEMENT, HAVE HAD THE OPPORTUNITY TO CONSULT WITH INDEPENDENT COUNSEL OF THEIR OWN CHOICE, AND UNDERSTAND EACH OF THE PROVISIONS OF THIS AGREEMENT.
  
 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement the day and year first above written.
  
 Contributee: Vermanti Group, Inc., organized under the laws of Nevada (“Contributee”)
  
 	 	 	 
	By:	 
	
	  
	Tan Tran, Director	 

    
 Contributor of VoiceStep Telecom LLC, organized under the laws of California
  
 	 	 	 
		 
	
	  
	Tan Tran, individually, owner of VoiceStep Telecom, LLC interests	 

   
 	 
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