Document:

EX-4.11

 Exhibit 4.11 

LSB INDUSTRIES, INC. 
 (2016
Long Term Incentive Plan) 
 FORM OF 

RESTRICTED STOCK AGREEMENT 

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is effective as of
[            ] (the “Grant Date”), by and between LSB INDUSTRIES, INC., a Delaware corporation (the “Company”), and
[            ] (the “Participant”). For valuable consideration, the Company and Participant agree as follows. 

1. Background. The Participant is an employee, officer or director of the Company or an Affiliate, whom the Committee has selected to receive an award
under the Company’s 2016 Long Term Incentive Plan (as may be amended from time to time, the “Plan”). The purpose of the award is to retain and motivate the Participant by providing the Participant the opportunity to acquire a
proprietary interest in the Company and to link the Participant’s interests and efforts to the long-term interests of the Company’s shareholders. 

2. Restricted Stock Grant. Subject to the terms of the Plan and of this Agreement, the Company hereby grants to the Participant
[            ] shares of the Company’s Stock, subject to certain restrictions thereon (the “Restricted Stock”). 

3. Restrictions; Forfeiture. The Restricted Stock is restricted in that it may not be sold, transferred or otherwise alienated or hypothecated until
the restrictions enumerated in this Agreement and the Plan are removed or expire as contemplated in Section 4 of this Agreement. The Restricted Stock is also restricted in the sense that it may be forfeited to the Company (the
“Forfeiture Restrictions”). Except as otherwise provided in Section 4, if the Participant’s service relationship with the Company or any of its subsidiaries is terminated for any reason, then those shares of Restricted
Stock for which the restrictions have not lapsed as of the date of termination shall become null and void and those shares of Restricted Stock shall be forfeited to the Company. The Restricted Stock for which the restrictions have lapsed as of the
date of such termination shall not be forfeited to the Company. The Participant hereby agrees that if the Restricted Stock is forfeited, the Company shall have the right to deliver the Restricted Stock to the Company’s transfer agent for, at
the Company’s election, cancellation or transfer to the Company. 
 4. Vesting. 

4.1 The restrictions on the Restricted Stock granted pursuant to this Agreement will expire and
[            ] of the Restricted Stock will become transferable, and nonforfeitable on [            ]; provided,
however, that, except as otherwise provided in Section 4.2 of this Agreement, the Restricted Stock will vest on [            ] only if the Participant remains in the employ of
or a service provider to the Company or its subsidiaries continuously from the Grant Date through the applicable vesting date. 

 4.2 Notwithstanding Section 4.1 of this Agreement, provided that (i) the Participant
remains in the employ of or a service provider to the Company or its subsidiaries continuously from the Grant Date until immediately prior to the occurrence of any of the events listed below and (ii) the Participant holds Restricted Stock
granted pursuant to this Agreement at such time, then: 
  

	 	4.2.1	all shares of Restricted Stock shall automatically vest in full upon a sale of the facility at which the Participant works; 

  

	 	4.2.2	all shares of Restricted Stock shall automatically vest in full upon a sale of the business unit in which the Participant works (e.g., Climate Control Business, Chemicals Business or Engineered Products Business);

  

	 	4.2.3	all shares of Restricted Stock shall automatically vest in full upon a Change of Control of the Company (as defined below); or 

  

	 	4.2.4	all shares of Restricted Stock shall automatically vest in full upon a termination of the Participant’s employment by the Company without Cause (as defined below). 

 

	 	4.2.5	a pro-rata portion of Restricted Stock shall automatically vest upon the Participant’s termination of employment by reason of death or Disability with such pro-rata portion calculated by
[            ]. 

 The occurrence of any of the events listed in
this Section 4.2 shall be determined by the Committee in its sole and absolute discretion. 
 For purposes of this Agreement,
“Cause” means “Cause” as defined in the Participant’s employment agreement, or in the absence of such an agreement or such a definition, “Cause” shall mean (i) a violation of the Company’s
substance abuse policy; (ii) refusal or inability (other than by reason of death or Disability) to perform the duties assigned to the Participant or unacceptable performance of the same; (iii) acts or omissions evidencing a violation of
the Participant’s duties of loyalty and good faith; candor; fair and honest dealing; integrity; or full disclosure to the Company, as well as any acts or omissions which constitute self-dealing; (iv) disobedience of orders, policies,
regulations, or directives issued to the Participant by the Company, including policies related to sexual harassment, discrimination, computer use or the like; (v) conviction or commission of a felony, a crime of moral turpitude, or a crime
that could reasonably be expected to impair the Participant’s ability to perform the Participant’s job duties; (vi) revocation or suspension of any necessary license or certification; (vii) willful generation of materially
incorrect financial, or engineering projections, compilations or reports; or (viii) a false statement by the Participant to obtain his or her position, in each case as determined by the Company in good faith and in its sole and absolute
discretion. 
 For purposes of this Agreement, “Disability” means “Disability” as defined in the
Participant’s employment agreement, or in the absence of such an agreement or such a definition, “Disability” shall mean that the Participant (a) is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (b) is, by reason of any

 
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months,
receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Participant’s employer. Notwithstanding the forgoing, all determinations of whether a
Participant is Disabled shall be made in accordance with the Nonqualified Deferred Compensation Rules. 
 5. Escrow of Restricted Stock. The Company
shall evidence the Restricted Stock in the manner that it deems appropriate, including, without limitation, certificating the Restricted Stock or evidencing the Restricted Stock in book entry form, electronic or otherwise. The Company may issue in
the Participant’s name a certificate or certificates representing the Restricted Stock and retain that certificate or those certificates until the restrictions on such Restricted Stock expire, as contemplated in Section 4 of this
Agreement, or the Restricted Stock is forfeited, as described in Section 3 of this Agreement. If the Company certificates the Restricted Stock, the Participant shall execute one or more stock powers in blank for those certificates and deliver
those stock powers to the Company. The Company shall hold the Restricted Stock and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Stock
are delivered to the Participant, (b) the Restricted Stock is otherwise transferred to the Participant free of restrictions, or (c) the Restricted Stock is canceled and forfeited pursuant to this Agreement. 

6. Ownership of Restricted Stock. From and after the Grant Date, the Participant will be entitled to all the rights of absolute ownership of the
Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock prior to the expiration of the Forfeiture Restrictions shall be
held in escrow by the Company and paid to the Participant, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45
days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant pursuant to the terms of
this Agreement then the Participant shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends. 

7. Delivery of Stock. Promptly following the expiration of the restrictions on the Restricted Stock as contemplated in Section 4 of this
Agreement, the Company shall cause to be issued and delivered to the Participant or the Participant’s designee a certificate or other evidence of the number of whole shares of Restricted Stock as to which restrictions have lapsed, free of any
restrictive legend relating to the lapsed restrictions, upon receipt by the Company of any tax withholding as may be requested pursuant to Section 8 of this Agreement. The value of such Restricted Stock shall not bear any interest, and the
Company shall not have any liability to the Participant other than to deliver the Restricted Stock and associated dividends, if any, because of to the passage of time or any delay in delivery. 

8. Payment of Taxes. The Company may require the Participant to pay to the Company (or the Company’s subsidiary if the Participant is an employee
of a subsidiary of the Company), an 

 
amount the Company deems necessary to satisfy its (or its subsidiary’s) current or future obligation to withhold federal, state and local income or other taxes that the Participant incurs as
a result of the vesting of the Restricted Stock. With respect to any required tax withholding, the Participant may (a) direct the Company to withhold from the shares of Stock to be issued to the Participant under this Agreement the number of
shares necessary to satisfy the Company’s obligation to withhold taxes, which determination will be based on the shares’ Fair Market Value at the time such determination is made; (b) deliver to the Company shares of Stock sufficient
to satisfy the Company’s tax withholding obligations, based on the shares’ Fair Market Value at the time such determination is made; (c) deliver cash to the Company sufficient to satisfy its tax withholding obligations; or
(d) satisfy such tax withholding through any combination of (a), (b) and (c). If the Participant desires to elect to use the stock withholding option described in subparagraph (a), the Participant must make the election at the time and in
the manner the Company prescribes. If such tax obligations are satisfied under subparagraph (a) or (b), the maximum number of shares of Stock that may be so withheld or surrendered shall be the number of shares of Stock that have an aggregate
Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such tax liabilities determined based on the greatest withholding rates for federal, state and local tax purposes, including payroll taxes, that may be
utilized without creating adverse accounting treatment with respect to such Award. The Company, in its discretion, may deny the Participant’s request to satisfy its tax withholding obligations using a method described under subparagraph (a),
(b), or (d). In the event the Company determines that the aggregate Fair Market Value of the shares of Stock withheld as payment of any tax withholding obligation is insufficient to discharge that tax withholding obligation, then the Participant
must pay to the Company, in cash, the amount of that deficiency immediately upon the Company’s request. 
 9. Leave of Absence. With respect to
the Restricted Stock, the Company may, in its sole discretion, determine that if the Participant is on leave of absence for any reason, the Participant will be considered to still be in the employ of, or providing services to, the Company, provided
that rights to the Restricted Stock during a leave of absence will be limited to the extent to which those rights were earned or vested when the leave of absence began. 

10. Compliance with Securities Law. Notwithstanding any provision of this Agreement to the contrary, the issuance of Stock (including Restricted Stock)
will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities and with the requirements of any stock exchange or market system upon which the Stock may then be listed. No Stock will
be issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock may then be
listed. In addition, Stock will not be issued hereunder unless (i) a registration statement under the Securities Act, is at the time of issuance in effect with respect to the shares issued or (ii) in the opinion of legal counsel to the
Company, the shares issued may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. THE PARTICIPANT IS CAUTIONED THAT ISSUANCE OF UNRESTRICTED STOCK UPON THE VESTING OF
RESTRICTED STOCK GRANTED PURSUANT TO THIS AGREEMENT MAY NOT OCCUR UNLESS THE FOREGOING CONDITIONS ARE SATISFIED. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if

 
any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of the Restricted Stock, or unrestricted Stock (upon vesting), will relieve the Company of any
liability in respect of the failure to issue such shares as to which such requisite authority has not been obtained. As a condition to any issuance hereunder, the Company may require the Participant to satisfy any qualifications that may be
necessary or appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such compliance as may be requested by the Company. From time to time, the Committee and appropriate
officers of the Company are authorized to take the Securities Actions necessary and appropriate to file required documents with governmental authorities, stock exchanges, and other appropriate Persons to make shares of Stock available for issuance.

 11. Certain Defined Terms. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan. 

12. Anti-dilution. In the event of a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation,
distribution to shareholders other than a normal cash dividend or other change in the Company’s corporate or capital structure, then the Committee shall make proportional adjustments to the Restricted Stock and/or the Plan as described in
Section 8 of the Plan. 
 13. The Plan. Participant acknowledges receipt of a copy of the Plan, which is attached hereto as Exhibit A,
and represents that Participant is familiar with the terms and provisions of the Plan and hereby accepts the Restricted Stock subject to all such terms and provisions. 

14. Employment. Nothing in the Plan or in this Agreement shall confer upon Participant any right to continued employment as an employee of the Company
or its Affiliates or interfere in any way with the right of the Company and its Affiliates to terminate Participant’s employment at any time. 
 15.
Binding Agreement. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, trustees, successors and assigns. 

16. No Liability for Good Faith Determinations. The Company and the members of the Committee and the Board shall not be liable for any act, omission or
determination taken or made in good faith with respect to this Agreement or the Restricted Stock granted hereunder. 
 17. Execution of Receipts and
Releases. Any payment of cash or any issuance or transfer of Common Shares or property to the Participant or the Participant’s legal representative, heir, legatee, or distribute, in accordance with the provisions hereof, shall, to the
extent thereof, be in full satisfaction of all claims of such Persons hereunder. The Company may require the Participant or the Participant’s legal representative, heir, legatee or distribute, as a condition precedent to such payment or
issuance, to execute a release and receipt therefor in such form as it shall reasonably determine. 
 18. Governing Law and Consent to Jurisdiction and
Venue. All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of 

 
Oklahoma, without giving any effect to any conflict of law provisions thereof, except to the extent Oklahoma state law is preempted by federal law. Further, the Participant hereby consents and
agrees that state courts located in Oklahoma City, Oklahoma and the United States District Court for the Western District of Oklahoma each shall have personal jurisdiction and proper venue with respect to any dispute between the Participant and the
Company arising in connection with the Restricted Shares or this Agreement. In any dispute with the Company, the Participant will not raise, and the Participant hereby expressly waives, any objection or defense to such jurisdiction as an
inconvenient forum. 
 19. Clawback. This Agreement and the Restricted Stock granted hereunder is subject to any written clawback policies of the
Company, whether in effect on the Grant Date or adopted, with the approval of the Board, following the Grant Date and either (i) applicable to all senior executives of the Company and their restricted stock awards or (ii) adopted to
conform to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by the Securities and Exchange Commission. Any such policy may subject the Restricted Stock and amounts paid or realized with respect
to the Restricted Stock to reduction, cancelation, forfeiture or recoupment if certain specified events or wrongful conduct occur, including but not limited to an accounting restatement due to the Company’s material noncompliance with financial
reporting regulations or other events or wrongful conduct specified in any such clawback policy that the Company determines should apply to the Restricted Stock. 

20. Electronic Delivery. The Participant consents to receive documents from the Company and any plan administrator by means of electronic delivery,
provided that such delivery complies with applicable law. This consent shall be effective for the entire time that the Participant holds awards granted under the Plan. 

21. Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Participant relating to the Restricted Stock. Any
previous agreement with respect to this matter is superseded by this Agreement. Unless otherwise provided in the Plan, no term, provision or condition of this Agreement may be modified in any respect except by a writing executed by both of the
parties hereto. No person has any authority to make any representation or promise not set forth in this Agreement. This Agreement has not been executed in reliance upon any representation or promise except those contained herein. 

[Signature Page Follows] 

 EXECUTED effective as of the Grant Date. 

 

			
	LSB INDUSTRIES, INC., a Delaware corporation
	
	  

	Signature
		
	By:	 	  

		
	Title:	 	  

	
	THE PARTICIPANT
	
	  

	Signature

 Exhibit A 

LSB Industries, Inc. 2016 Long Term Incentive PlanBlueprint

 

 

Exhibit 10.1

 

ASSIGNMENT AGREEMENT

This Assignment Agreement (this "Assignment Agreement") is entered into as of the 22nd day of June,
2016, between and among RY Capital Group, LLC, a New York limited liability company (the "Assignor"), GHS
Investments, LLC, a Nevada limited liability company (the "Assignee"), and Algae Dynamics Corp., a Canadian corporation (the "Company "). Capitalized
terms used but not defined herein shall have the meanings' ascribed to them in that certain Equity Purchase Agreement, dated as of September 10, 2015
(as it may be amended in accordance with its tenns, the "Equity Purchase Agreement"), by and between the Assignor and the Company .

BACKGROUND

WHEREAS, the Assignor wishes to transfer and assign to the
Assignee all of the Assignor's rights and interests in and to, and obligations under, the Equity Purchase Agreement, and
the Assignee wishes to be the assignee and transferee of such rights, interests and obligations; and

 

WHEREAS, Section 10.3 of the Equity Purchase Agreement prohibits
assignment of the Equity Purchase Agreement and the parties' obligations thereunder, and the Assignor and the Company desire to provide for
the assignment provided herein and to have the Assignee assume the obligations of the Assignor under the Equity Purchase Agreement under the terms and
conditions hereof;

AGREEMENT

NOW , THEREFORE, the parties hereto, intending to be legally
bound , do hereby agree as follows:

 

1. 

Pem1itted Assignment to Assignee. Notwithstanding Section 10.3 of the Equity
Purchase Agreement, subject to the terms and conditions hereof, the Assignor may
assign all of its right, title and interest in the Equity Purchase Agreement, and its
obligations thereunder, to the Assignee . Neither this Assignment Agreement nor any
rights of the Assignee nor the Company hereunder or under the Equity Purchase Agreement may be assigned by
either party to any other person without the written consent of the other.

 

2. 

Assignment and Assumption. The Assignor hereby transfers and assigns to the Assignee, and the Assignee hereby
acquires from the Assignor, all of the Assignor 's rights, and interests in and
to the Equity Purchase Agreement, of whatever kind or nature, and the Assignee hereby assumes and agrees to perform all obligations, duties, liabilities
and commitments of the Assignor under the Equity Purchase Agreement, of whatever kind or nature. 

 

1

 

 

3. 

Revision of Market Price. The definition of "Market Price" in
Article I of the Equity Purchase Agreement is revised as follows: "MARKET PRICE" shall mean the lowest closing bid price for the ten (10)
Trading Days immediately preceding the Put Date, as reported by Bloomberg LP or other recognized securities market information service.

 

4. 

. Revision of Purchase Price. The definition of "Purchase Price" in Article
I of the Equity Purchase Agreement is revised as follows: "PURCHASE PRICE" shall mean 80% of the Market Price on such date
on which the Purchase Price is calculated in accordance with the terms and conditions of this Agreement.

 

5. 

Definition of Trading Period: "TRADING PERIOD" shall mean the ten (10)
Trading Days following (but not including) a Put Date.

 

6. 

Definition of VWAP: "VWAP" shall mean the volume weighted average price for the Common Shares
during the relevant period, as reported by Bloomberg LP or other recognized securities market information service.

 

7. 

Revision of Section 2.2{c) of the Equity Purchase
Agreement. Section 2.2(c) of the Equity Purchase Agreement is revised and restated in its entirety as follows:

 

LIMITATIONS. Unless otherwise agreed by the parties, the Company has the right to deliver a
single Put Notice to the Investor a month. The maximum amount ("Maximum Amount") of any Put Notice, unless otherwise
agreed by the parties, is the lesser of (i)

 

$75,000.00, (ii) an amount equal in value to 4.99% of
the then outstanding number of shares and (ii) 100% of the aggregate dollar trading volume of the Company's Common Shares for the l O Trading Days
immediately preceding the Put Notice. The Company may not deliver a Put Notice if it is not current in its filings with the Securities and Exchange
Commission.

8. 

True-Up. The Equity Purchase Agreement is amended to add a new section
2S""as follows:

Section 2.5 True-Up. If the...VWAP during the Trading Period for a Put is less than
85% of the Market Price used in connection with such Put, then the Company shall issue such additional Common Shares as may be necessary to adjust the Purchase Price for
such Put to equal the VWAP during the Trading Period (a "True-Up")provided however,
that such True-Up shall apply only to Common Shares held by the Investor as of the end of the Trading Period. If the True-Up conditions apply, the
Investor shall certify to the Company the number of Common Shares issued in the relevant Put held at the end of the Trading Period.

 

2

 

 

9.

Filings with SEC. The Company shall promptly make such filings with the SEC as may be required to permit
the Assignee to assume the rights of the Assignor under the Equity Purchase Agreement, including without limitation the filing of a prospectus supplement under Rule 424(b)(3) to the Company's prospectus
filed on March 4, 2016 (the "Prospectus") identifying the Assignee as a selling
security holder. The Assignee agrees to prom ptly provide such information as may be required under SEC rules with respect to it as is required to be disclosed in such a prospectus supplement and that
it shall only sell Common Shares in accordance with the Plan of Distribution provided in the Prospectus.

 

10.

Release. Subject to the terms and conditions of this Agreement and for and in consideration of the promises and covenants contained
herein, the Company and the Assignor do hereby remise, release, acquit, and forever discharge each other and their members, officers, directors, employees, agents,
servants, representatives, lawyers, accountants, successors, assigns, insurers and all other persons, firms or corporations
who can or may be liable, of and from any and all actions, causes of action, claims, demands, damages, costs, loss of services, covenants, contracts, agreements, judgments,
expenses and compensation whatsoever in law or in equity, and all known and unknown damages of whatsoever nature, whether past, present or future, and all results of such damages on account of or in any way growing out of
or resulting from or relating to the Equity Purchase Agreement, and any and all potential other claims and causes of action between the Parties from the beginning of time to the date of the execution of this Release.

 

11.

Effectiveness. This Assignment Agreement shall be effective as of the date set first
set forth above.

 

12.

Governing Law; Binding Effect. This Assignment Agreement
shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and performed in such state without giving
effect to the choice of law principles of such state that would require or permit the application of the laws of another jurisdiction .

 

13.

Counterparts. This Assignment Agreement may be executed in one or more counterparts, including facsimile counterparts, each of which shall be deemed to be an original copy of this
Assignment Agreement, and all of which, when taken together, shall be deemed to constitute one and the same agreement. Delivery of such counterparts by facsimile or electronic mail (in PDF
or .tiff format) shall be deemed effective as manual delivery.

 

3

 

 

IN WITNESS WHEREOF, the parties have executed this Assignment Agreement as of the date first set forth above.

 

 

 

 

 

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