Document:

GOLDEN NUGGET ONLINE GAMING, INC. 2020 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
​
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the "Agreement"), is
made and entered into effective April 14, 2021 (the "Grant Date"), by and between Golden Nugget Online Gaming, Inc., a Delaware corporation (the "Company"), and Tilman J. Fertitta (the "Participant").
​
RECITALS
​
WHEREAS, the Company has adopted the Golden Nugget Online Gaming, Inc. 2020 Incentive Award Plan, as amended (the "Plan");
​
WHEREAS, pursuant to Section 9 of the Plan, the Company desires to grant to the Participant this award (this "Award") of Restricted Stock Units (the "Units"), which represents the right to the distribution of a Common Share if and when the Units vest, subject to certain restrictions set forth in this Agreement, effective as of the Grant Date; and
​
WHEREAS, the Board has duly made all determinations necessary or appropriate to the grants hereunder.
​
NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth in this Agreement and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:
​
AGREEMENT
​
1.Definitions. Any capitalized term used in this Agreement that is not defined in this Agreement will have the same meaning given to it in the Plan.
​
		2.	Grant of Restricted Stock Units; Vesting.

​
(a)Subject to the terms and conditions of the Plan, and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an award of 250,000 time-vesting Units (the "Time-Vesting RSUs"). The Time-Vesting RSUs will vest as follows: one third (113rd) of the Time-Vesting RSUs granted under this Award will vest on each of the first three (3) anniversaries of the Grant Date (each such date, a "Vesting Date"), provided that the Participant continuously provides services to the Company through each applicable Vesting Date. The vested Units shall be settled and become payable in Common Shares in accordance with Section 3.
​
(b)Subject to the terms and conditions of the Plan, and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an additional award of 150,000 performance and time-vesting Units (the "Performance-Vesting RSUs"), subject to the achievement of at least a $20.00 per Common Share closing price on the NASDAQ Stock Market for ten (10) trading days during any 90-day trading window (the "Performance Condition") within the three (3)-year performance period between the Grant Date and the three (3)-year anniversary of the Grant Date (the "Performance Period") as set forth in this paragraph. The Performance- Vesting RSUs shall conditionally time-vest as follows: one third ( I/3rd) of the
​

Performance-Vesting RSUs granted under this Award will vest on each of the first three (3) anniversaries of the Grant Date, provided that the Participant continuously provides services to the Company through each applicable Vesting Date. If the Performance Condition is met during the Performance Period, (i) any of the conditionally time-vested Performance-Vesting RSUs shall fully vest upon satisfaction of the Performance Condition and (ii) any Performance-Vesting RSUs that have not met the time-vesting requirement prior to the achievement of the Performance Condition shall subsequently vest upon satisfaction of the time-vesting requirement. If the Performance Condition is not satisfied during the Performance Period, all of the Performance- Vesting RSUs shall become forfeited as of the end of the Performance Period. The vested Units shall be settled and become payable in Common Shares in accordance with Section 3.
​
(c)In the event of a Change in Control (as defined in the Plan), all of the Participant's unvested Units, whether Time-Vesting Units or Performance-Vesting Units, granted under this Award shall vest immediately in full upon the effective date of the Change in Control, provided that the Participant continuously provides services to the Company on such date. The vested Units shall be settled and become payable in Common Shares in accordance with Section 3.
​

3.Timing; Form of Payment. Once a Unit vests, the Participant shall be entitled to receive a Common Share. Delivery of the Common Shares will be made as soon as administratively feasible following the vesting of the associated Unit, and in no event later than the sixtieth (60th) day following the applicable vesting date. Any Common Shares issued will be to an account established for the benefit of the Participant with the Company's administrative agent. The Participant will have full legal and beneficial ownership of the Common Shares at that time.
​

4.Certificates; Transferability. Units awarded under Section 2 will be credited to a book entry account maintained by the Company on behalf of the Participant, and such book entry will appropriately record the terms, conditions and restrictions applicable to such Units. Neither unvested Units, nor the right to vote such Units and receive dividends thereon, may be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered.
​

5.Rights as a Stockholder. Unless and until a Unit has vested and the Common Share underlying it has been distributed to the Participant, the Participant will not be entitled to vote in respect of that Unit or that Common Share. Except as provided in this Section 5 or as otherwise required by law, the Participant shall not have any rights as a stockholder with respect to any Common Shares covered by the Units granted hereunder prior to the date on which he is recorded as the holder of those Common Shares on the records of the Company. Notwithstanding any other part of this Agreement, any quarterly or other regular, periodic dividends or distributions (as determined by the Board) paid on Common Shares will accrue with respect to (i) unvested Units, and (ii) Units that are vested but unpaid pursuant to Section 3, and in each case will be subject to the same forfeitures provisions (if any), and be paid out at the same time or time(s), as the underlying Units on which such dividends or other distributions have accrued.
​
6.Withholding. No later than the date as of which an amount first becomes includible as income of the Participant for any income and/or employment tax purposes with respect to any Unit, the Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, all federal, state, local and foreign income and/or employment taxes that are required by applicable law to be withheld with respect to such amount.
​

-2-

​

The Participant authorizes the Company to withhold from his compensation to satisfy any income and/or employment tax withholding obligations in connection with this Award. If the Participant is no longer employed by the Company at the time any applicable taxes are due and must be remitted by the Company, the Participant agrees to pay applicable taxes to the Company, and the Company may delay distribution of the Common Shares underlying this Award until proper payment of such taxes has been made by the Participant. The Participant may satisfy such obligations under this Section 6 by any method authorized under this Agreement and the Plan.
​

7.Plan. The Participant hereby acknowledges receipt of a copy of the Plan. Notwithstanding any other provision of this Agreement, the Units are granted pursuant to the Plan, as in effect on the date of the Agreement, and are subject to the terms and conditions of the Plan, as the same may be amended from time to time; provided, however, that except as otherwise provided by the Plan, no amendment to either the Plan or this Agreement will deprive the Participant, without the Participant's consent, of any Units or of the Participant's rights under this Agreement. The interpretation and construction by the Board of the Plan, this Agreement, the Units, and such rules and regulations as may be adopted by the Board for the purpose of administering the Plan, will be final and binding upon the Participant.
​
8.No Employment Rights. No provision of the Plan or this Agreement will give the Participant any right to employment or continued employment with the Company or any of its Affiliates, create any inference as to the length of employment of the Participant, affect the right of the Company or its Affiliates to terminate the employment or services of the Participant, with or without Cause, or give the Participant any right to participate in any employee welfare or benefit plan or other program of the Company or any of its Affiliates.
​
9.Changes in Company's Capital or Organizational Structure.   The existence of the Units shall not affect in any way the right or authority of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of preferred Company shares ahead of or affecting the Common Shares or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding, whether of a similar character or otherwise.
​

10.Delays. In accordance with the terms of the Plan, the Company shall have the right to suspend or delay any time period prescribed in this Agreement or in the Plan for any action if the Board shall determine that the action may constitute a violation of any law or result in any liability under any law to the Company, an Affiliate or a stockholder in the Company until such time as the action required or permitted will not constitute a violation of law or result in liability to the Company, an Affiliate or a stockholder of the Company.
​
11.Governing Law; Construction. This Agreement and the Units will be governed by, and construed and enforced in accordance with, the laws of the State of Delaware without regard to conflicts of law principles. The jurisdiction and venue for any disputes arising under, or any action brought to enforce (or otherwise relating to), this Agreement will be exclusively in the courts in the State of Delaware, including the Federal Courts located therein (should Federal jurisdiction exist). Common nouns and pronouns shall be deemed to refer to the masculine, feminine, neuter, singular and plural, as the context requires.
​

-3-

​

12.Entire Agreement. This Agreement, together with the Plan and any other agreements incorporated herein by reference, constitutes the entire obligation of the parties with respect to the subject matter of this Agreement and supersedes any prior written or oral expressions of intent or understanding with respect to such subject matter (provided, that this Agreement shall not supersede any written consulting agreement or other written agreement between the Company and the Participant, including, but not limited to, any written restrictive covenant agreements). The Participant represents that, in executing this Agreement, he does not rely and has not relied upon any representation or statement not set forth herein made by the Company with regard to the subject matter, bases or effect of this Agreement or otherwise.
​
13.Amendment. This Agreement may be amended as provided in the Plan.
​

14.Waiver; Cumulative Rights. The failure or delay of either party to require performance by the other party of any provision of this Agreement will not affect its right to require performance of such provision unless and until such performance has been waived in writing. Each right under this Agreement is cumulative and may be exercised in part or in whole from time to time.
​
15.Counterparts. This Agreement may be signed in two counterparts, each of which will be an original, but both of which will constitute one and the same instrument.
​
16.Notices. Any notices required or permitted under this Agreement must be in writing and may be delivered personally or by mail, postage prepaid, addressed to (a) the Company at Golden Nugget Online Gaming, Inc.'s corporate headquarters at 1600 West Loop South Houston, Texas, 77027, Attention: Board of Directors, and (b) the Participant at the Participant's address as shown in accordance with the Company's records, or to such other address as the Participant, by written notice to the Company, may designate in writing from time to time.
17.Headings. The headings in this Agreement are for reference purposes only and will not affect the meaning or interpretation of this Agreement.
​
18.Severability. If any provision of this Agreement is for any reason held to be invalid or unenforceable, such invalidity or unenforceability will not affect any other provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted.
​
19.No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party.
​

20.Successors and Assigns. This Agreement will inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon the Participant or a representative, and all rights granted to the Company under this Agreement, will be binding upon the Participant's or the representative's heirs, legal representatives and successors.
​
21.Tax Consequences.  The Participant agrees to determine and be responsible for all tax consequences to the Participant with respect to the Units.
​

-4-

​

22.Code Section 409A Compliance. This Agreement and delivery of Units and Common Shares under this Agreement are intended to be exempt from or to comply with Section 409A of the Code and shall be administered and construed in accordance with such intent. Notwithstanding any provision of this Agreement, to the extent that the Board determines that any portion of the Units granted under this Agreement is subject to Internal Revenue Code Section 409A ("Section 409A") and fails to comply with the requirements of Section 409A, notwithstanding anything to the contrary contained in the Plan or in this Agreement, the Board reserves the right to amend, restructure, terminate or replace such portion of the Units in order to cause such portion of the Units to either not be subject to Section 409A or to comply with the applicable provisions of such section. In furtherance, and not in limitation, of the foregoing: (a) in no event may the Participant designate, directly or indirectly, the calendar year of any payment to be made hereunder; and (b) notwithstanding any other provision of this Agreement to the contrary, a termination of employment hereunder shall mean and be interpreted consistent with a "separation from service" within the meaning of Code Section 409A with respect to any payment hereunder that constitute a "deferral of compensation" under Code Section 409A that becomes due on account of such separation from service. Notwithstanding any provision of the Plan to the contrary, in no event shall the Company be liable to the Participant on account of this Agreement's failure to (a) qualify for favorable U.S. or foreign tax treatment or (b) avoid adverse tax treatment under
U.S. or foreign law, including, without limitation, Section 409A of the Code.
​
​
​
​
[signature page follows]
​

-5-

​

IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement as of the date first written above.
​
​
​
GOLDEN NUGGET ONLINE GAMING, INC.:

​
PARTICIPANT:
​

​
​

By:

/s/Richard H. Liem Richard H. Liem, Director

​
​
​

-6-

/s/Tilman J. Fertitta Name: Tilman J. Fertitta
​

​

​Exhibit 10.1

        

        

        

      

      ARTEMIS THERAPEUTICS INC.

       

      UNSECURED PROMISSORY NOTE

       

      Principal Amount: USD $30,000

       

      Original Issuance Date: August 15, 2021

       

      FOR VALUE RECEIVED Artemis Therapeutics Inc., a Delaware corporation (the "Company"), promises to pay to KNRY Ltd. ("Holder"), the principal
        amount of thirty thousand dollars (USD $30,000) together with all accrued but unpaid interest, or such lesser amount as shall equal the then outstanding principal amount hereof together with all accrued but unpaid interest thereon, payable on
        December 19, 2021 (the "Maturity Date").

      

      

      The following is a statement of the rights of the Holder of this promissory note (the "Note") and the conditions to which this Note is subject, and to which the Holder, by
        the acceptance of this Note, agrees:

       

      1.          Interest.

       

      (a)         Interest shall accrue on the original Principal Amount of this Note from the Original Issuance Date through the Maturity Date at the rate of ten percent (10%) per
        annum, except as set forth herein in connection with an Event of Default (as hereinafter defined).

      

      

      (b)         From and after the Maturity Date or upon the occurrence and during the continuance of an Event of Default (as hereinafter defined) that is not remedied within the
        applicable cure period, interest shall accrue on the unpaid principal balance during any such period at an annual rate equal to twelve percent (12%) plus the interest rate set forth in Section 1(a) herein ("Default Rate"), provided, however,
        in no event shall the Default Rate exceed the maximum rate permitted by law. The interest accruing under this subsection (b) shall be immediately due and payable by the Company to the Holder upon demand and shall be additional indebtedness
        evidenced by this Note.

      

      

      (c)          Interest on this Note shall be calculated on the basis of a 365-day year and the actual number of days elapsed in any portion of a month in which interest is due. If
        any payment to be made by the Company hereunder shall become due on a Saturday, Sunday or a legal holiday on which banks are authorized or required to be closed for the conduct of commercial banking business in the United States, such payment shall
        be made on the next succeeding business day and such extension of time shall be included in computing any interest in respect of such payment.

      

      

      (d)         Notwithstanding anything to the contrary contained herein, in no event shall this or any other provision herein permit the collection of any interest which would be
        usurious under applicable law.  If under any circumstances, whether by reason of advancement or acceleration of the maturity of the unpaid principal balance hereof or otherwise, the aggregate amounts paid under this Note shall include amounts which
        by law are deemed interest and which would exceed the maximum rate permitted by law, the Company stipulates that payment and collection of such excess amounts shall have been and will be deemed to have been the result of a mistake on the part of
        both Holder and the Company or the holder of this Note, and the party receiving such excess payments shall promptly credit such excess (only to the extent such payments are in excess of the maximum rate) against the unpaid principal balance hereof
        and any portion of such excess payments not capable of being so credited shall be refunded to the Company.

       

      
        
          

      

      
      2.              Event of Default.

       

      (a)          For purposes of this Note, an "Event of Default" means:

       

      (i)            the Company shall default in any payment of principal and/or accrued interest on this Note within ten (10) business days following the date
        upon which the relevant payment is due under this Note; or

       

      (ii)          the Company shall (a) become insolvent; (b) admit in writing its inability to pay its debts generally as they mature; (c) make an assignment for
        the benefit of creditors or commence proceedings for its dissolution; or (d) apply for or consent to the appointment of a trustee, liquidator, receiver or similar official for it or for a substantial part of its property or business; or

       

      (iii)          a trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without its consent
        and shall not be discharged within sixty (60) days after such appointment; or

       

      (iv)          any governmental agency or any court of competent jurisdiction at the insistence of any governmental agency shall assume custody or control of
        the whole or any substantial portion of the properties or assets of the Company and shall not be dismissed within sixty (60) days thereafter; or

       

      (v)           bankruptcy, reorganization, insolvency or liquidation proceedings or other proceedings, or relief under any bankruptcy law or any law for the
        relief of debt shall be instituted by or against the Company and, if instituted against the Company shall not be dismissed within sixty (60) days after such institution, or the Company shall by any action or answer approve of, consent to, or
        acquiesce in any such proceedings or admit to any material allegations of, or default in answering a petition filed in any such proceeding.

       

      (b)          Upon the occurrence of an Event of Default, the entire unpaid and outstanding indebtedness due under this Note shall be immediately due and
        payable following notice by the Holder (save for an Event of Default under sub-section (iii) or under subsection (v) if instituted by the Company, in which such case no prior notice will be required), and the Holder shall be able to undertake any
        and all remedies available to it under this Note and applicable law.

       

      (c)          As soon as possible and in any event within two business days after the Company becomes aware that an Event of Default has occurred, the Company
        shall notify the Holder in writing of the nature, extent and time of and the facts surrounding such Event of Default, and the action, if any, that the Company proposes to take with respect to such Event of Default.

       

      
        2

        
          

      

      3.          Miscellaneous.

       

          (a)          Loss, Theft, Destruction or Mutilation of Note.  Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
        mutilation of this Note and delivery of an indemnity agreement reasonably satisfactory in form and substance to the Company and, in the case of mutilation, on surrender and cancellation of this Note (or what remains thereof), the Company shall
        execute and deliver, in lieu of this Note, a new note executed in the same manner as this Note, in the same principal amount as the unpaid principal amount of this Note and dated the date of this Note.

       

        (b)          Payment.  All payments under this Note shall be made in United States Dollars no later than 5:30 pm, Eastern Time, on the date on which such payment is
        due, by wire transfer of immediately available funds to the account identified by the Holder.

       

      (c)          Waivers.  The Company hereby waives notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor and
        all other notices or demands relative to this instrument.

       

      (d)          Waiver and Amendment.  Any provision of this Note may be amended, waived or modified only by an instrument in writing signed by the party
        against which enforcement of the same is sought.

       

      (e)          Notices.  All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in
        writing and, unless otherwise specified herein, shall be (i) personally served or (ii) transmitted by hand delivery, addressed as set forth below or to such other address as such party shall have specified most recently by written notice.  Any
        notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery at the address or number designated below (if delivered on a business day during normal business hours where such notice is
        to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
        express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.  The addresses for such communications shall be:

      

      

      If to the Company, to:

      

      

      Artemis Therapeutics Inc.

      18 East 16th Street, Suite 307

      New York, NY 10003

      Attention: Chief Financial Officer

      

      

      If to the Holder:

       

      

      KNRY Ltd.

      2 Elza Street

      Jerusalem

      

      

      
        3

        
          

      

      (f)          Expenses; Attorneys’ Fees.  If action is instituted to enforce or collect this Note, the Company undertakes to pay or reimburse all
        reasonable costs and expenses, including, without limitation, reasonable attorneys’ fees and costs, incurred by the Holder in connection with such action.

       

      (g)          Successors and Assigns.  This Note may be assigned or transferred by the Holder with the written consent of the Company, and this Note
        may be assigned or transferred by the Company with the written consent of the Holder.  Subject to the preceding sentence, the rights and obligations of the Company and the Holder of this Note shall be binding upon and benefit the successors,
        permitted assigns, heirs, administrators and permitted transferees of the parties.  Upon assignment hereof, in whole or in part, the Company shall execute and deliver, in lieu of this Note, a new note or notes executed in the same manner as this
        Note, in the same principal amounts as the unpaid principal amounts of this Note as so assigned, or retained, as the case may be, dated the date of such assignment.

       

      (h)          No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising on the part of either party, any right, option, remedy,
        power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, option, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
        option, remedy, power or privilege.  The rights, options, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, options, remedies, powers and privileges provided by law.

       

      (i)          Severability.  If any term or other provision of this Note is invalid, illegal or incapable of being enforced by any rule of law, or
        public policy, all other conditions and provisions of this Note shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any
        party.  Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Note so as to effect the original intent of the parties as closely
        as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

       

      (i)          Construction.  Each party hereto acknowledges and agrees it has had the opportunity to draft, review, and edit the language of this Note
        and that no presumption for or against any party arising out of drafting all or any part of this Note will be applied in any dispute relating to, in connection with, or involving this Note.  Accordingly, the parties hereto hereby waive the benefit
        of any rule of law or any legal decision that would require, in cases of uncertainty, that the language of a contract should be interpreted most strongly against the party who drafted such language.

       

      (j)          Governing Law; Jurisdiction.  This Note shall be governed by and construed in accordance with the laws of the State of New York without
        regard to principles of conflicts of laws. The parties to this Note irrevocably submit to the exclusive jurisdiction of the competent courts of the State of New York for the purpose of any suit, action, proceeding or judgment relating to or arising
        out of this Note and the transactions contemplated hereby. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction
        or venue or based upon forum non-conveniens.  THE COMPANY AND HOLDER WAIVE TRIAL BY JURY.  The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs.  Each party hereby irrevocably waives
        personal service of process and consents to process being served in any suit, action or proceeding in connection with this Note by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such
        party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
        serve process in any other manner permitted by law.

       

      [Signature page follows]

      

      

      
        4

        
          

      

      IN WITNESS WHEREOF, the Company has caused this Note to be executed as of the date first above written by its duly authorized officer.

       

      
        	 	
                ARTEMIS THERAPEUTICS INC.

              	 
	 	 	 	 
	
                

                

              	
                By: 

              	/s/ Chanan Morris	 
	 	Name:	Chanan Morris	 
	 	Title:	CFO	 

      

       

      

      [Company signature page to Promissory Note]

       

      
        5

        
          

      

      Receipt acknowledged:

       

      Name of Holder:

       

      KNRY LTD.

       

      By: /s/ Nadav Kidron

      Name: Nadav Kidron

      Title: Managing Member

       

      [Holder signature page to Promissory Note]

      

      

      6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}]]