Document:

Exhibit 10.5

 

IN8BIO, Inc.

Stock Option Grant Notice

(2020 Equity Incentive Plan)

 

IN8bio, Inc. (the “Company”),
pursuant to its 2020 Equity Incentive Plan (the “Plan”), has granted to you (“Optionholder”)
an option to purchase the number of shares of the Common Stock set forth below (the “Option”). Your Option
is subject to all of the terms and conditions as set forth herein and in the Plan and the Stock Option Agreement, all of which
are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the
Plan or the Stock Option Agreement shall have the meanings set forth in the Plan or the Stock Option Agreement, as applicable.

 

	Optionholder:	 
	Date of Grant:	 
	Vesting Commencement Date:	 
	Number of Shares of Common Stock Subject to Option:	 
	Exercise Price (Per Share):	 
	Total Exercise Price:	 
	Expiration Date:	 

 

	Type of Grant:	 	[Incentive Stock Option] OR
    [Nonstatutory Stock Option]

 

	Exercise
and

Vesting Schedule:	 	Subject to the Optionholder’s Continuous Service through each applicable vesting date, the Option will vest as follows:
	 	 	 
	 	 	[__________]

 

Optionholder Acknowledgements: By
your signature below or by electronic acceptance or authentication in a form authorized by the Company, you understand and agree
that:

 

		·	The Option is governed by this Stock Option Grant Notice, and the provisions of the Plan and the
Stock Option Agreement, all of which are made a part of this document. Unless otherwise provided in the Plan, this Grant Notice
and the Stock Option Agreement (together, the “Option Agreement”) may not be modified, amended or revised
except in a writing signed by you and a duly authorized officer of the Company.

 

		·	If the Option is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options
granted to you) cannot be first exercisable for more than $100,000 in value (measured by exercise price) in any calendar
year. Any excess over $100,000 is a Nonstatutory Stock Option.

 

		·	You consent to receive this Grant Notice, the Stock Option Agreement, the Plan, the Prospectus
and any other Plan-related documents by electronic delivery and to participate in the Plan through an on-line or electronic system
established and maintained by the Company or another third party designated by the Company.

 

		·	You have read and are familiar with the provisions of the Plan, the Stock Option Agreement, and
the Prospectus. In the event of any conflict between the provisions in this Grant Notice, the Option Agreement, or the Prospectus
and the terms of the Plan, the terms of the Plan shall control.

 

		·	The Option Agreement sets forth the entire understanding between you and the Company regarding
the acquisition of Common Stock and supersedes all prior oral and written agreements, promises and/or representations on that subject
with the exception of other equity awards previously granted to you and any written employment agreement, offer letter, severance
agreement, written severance plan or policy, or other written agreement between the Company and you in each case that specifies
the terms that should govern this Option.

 

    

     

    

 

		·	Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature
complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission
method and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all
purposes.

 

	IN8bio, Inc.	 	Optionholder:
	 	 	 	 	 
	By:	       	 	 
	 	Signature	 	 	Signature
	 	 	 	 	 
	Title:	 	 	Date:	    
	 	 	 	 	 
	Date:	 	 	 	 

 

     

     

    

 

IN8BIO, Inc.

2020 Equity Incentive Plan

 

Stock
Option Agreement

 

As reflected by your
Stock Option Grant Notice (“Grant Notice”) IN8bio, Inc. (the “Company”)
has granted you an option under its 2020 Equity Incentive Plan (the “Plan”) to purchase a number of shares
of Common Stock at the exercise price indicated in your Grant Notice (the “Option”). Capitalized terms
not explicitly defined in this Agreement but defined in the Grant Notice or the Plan shall have the meanings set forth in the Grant
Notice or Plan, as applicable. The terms of your Option as specified in the Grant Notice and this Stock Option Agreement constitute
your Option Agreement.

 

The general terms and
conditions applicable to your Option are as follows:

 

1.            Governing
Plan Document. Your Option is subject to all the provisions of the Plan. Your Option is further subject to all interpretations,
amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event
of any conflict between the Option Agreement and the provisions of the Plan, the provisions of the Plan shall control.

 

2.            Exercise.

 

(a)           You
may generally exercise the vested portion of your Option for whole shares of Common Stock at any time during its term by delivery
of payment of the exercise price and applicable withholding taxes and other required documentation to the Plan Administrator in
accordance with the exercise procedures established by the Plan Administrator, which may include an electronic submission. Please
review the Plan, which may restrict or prohibit your ability to exercise your Option during certain periods.

 

(b)           To
the extent permitted by Applicable Law, you may pay your Option exercise price as follows:

 

(i)              cash,
check, bank draft or money order;

 

(ii)             subject
to Company and/or Committee consent at the time of exercise, pursuant to a “cashless exercise” program as further described
in the Plan if at the time of exercise the Common Stock is publicly traded;

 

(iii)            subject
to Company and/or Committee consent at the time of exercise, by delivery of previously owned shares of Common Stock as further
described in the Plan; or

 

(iv)             subject
to Company and/or Committee consent at the time of exercise, if the Option is a Nonstatutory Stock Option, by a “net exercise”
arrangement as further described in the Plan.

 

3.            Term.
You may not exercise your Option before the commencement of its term or after its term expires. The term of your option commences
on the Date of Grant and expires upon the earliest of the following:

 

(a)            immediately
upon the termination of your Continuous Service for Cause;

 

(b)           three
months after the termination of your Continuous Service for any reason other than Cause, Disability or death;

 

(c)           12
months after the termination of your Continuous Service due to your Disability;

 

(d)           18
months after your death if you die during your Continuous Service;

 

     1.

     

    

 

(e)            immediately
upon a Corporate Transaction if the Board has determined that the Option will terminate in connection with a Corporate Transaction,

 

(f)            the
Expiration Date indicated in your Grant Notice; or

 

(g)           the
day before the 10th anniversary of the Date of Grant.

 

Notwithstanding the
foregoing, if you die during the period provided in Section 3(b) or 3(c) above, the term of your Option shall not
expire until the earlier of (i) eighteen months after your death, (ii) upon any termination of the Option in connection
with a Corporate Transaction, (iii) the Expiration Date indicated in your Grant Notice, or (iv) the day before the tenth
anniversary of the Date of Grant. Additionally, the Post-Termination Exercise Period of your Option may be extended as provided
in the Plan.

 

To obtain the federal
income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the date of grant
of your Option and ending on the day three months before the date of your Option’s exercise, you must be an employee of the
Company or an Affiliate, except in the event of your death or Disability. If the Company provides for the extended exercisability
of your Option under certain circumstances for your benefit, your Option will not necessarily be treated as an Incentive Stock
Option if you exercise your Option more than three months after the date your employment terminates.

 

4.            Withholding
Obligations.

 

(a)            Regardless
of any action taken by the Company or, if different, the Affiliate to which you provide Continuous Service (the “Service
Recipient”) with respect to any income tax, social insurance, payroll tax, fringe benefits tax, payment on account,
or other tax-related items associated with the grant, vesting or exercise of the Option or sale of the underlying Common Stock
or other tax-related items related to your participation in the Plan and legally applicable to you (the “Tax Liability”),
you hereby acknowledge and agree that the Tax Liability is your ultimate responsibility and may exceed the amount, if any, actually
withheld by the Company or the Service Recipient. You further acknowledge that the Company and the Service Recipient (i) make
no representations or undertakings regarding any Tax Liability in connection with any aspect of this Option, including, but not
limited to, the grant, vesting or exercise of the Option, the issuance of Common Stock pursuant to such exercise, the subsequent
sale of shares of Common Stock, and the payment of any dividends on the shares; and (ii) do not commit to and are under no
obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate your Tax Liability or achieve
a particular tax result. Further, if you are subject to Tax Liability in more than one jurisdiction, you acknowledge that the Company
and/or the Service Recipient (or former service recipient, as applicable) may be required to withhold or account for Tax Liability
in more than one jurisdiction.

 

(b)            Prior
to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company
and/or the Service Recipient to satisfy all Tax Liability. As further provided in Section 8 of the Plan, you hereby authorize
the Company and any applicable Service Recipient to satisfy any applicable withholding obligations with regard to the Tax Liability
by one or a combination of the following methods: (i) causing you to pay any portion of the Tax Liability in cash or cash
equivalent in a form acceptable to the Company; (ii) withholding from any compensation otherwise payable to you by the Company
or the Service Recipient; (iii) withholding from the proceeds of the sale of shares of Common Stock issued upon exercise of
the Option (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated
by the Federal Reserve Board to the extent permitted by the Company, or by means of the Company acting as your agent to sell sufficient
shares of Common Stock for the proceeds to settle such withholding requirements, on your behalf pursuant to this authorization
without further consent); (iv) withholding shares of Common Stock otherwise issuable to you upon the exercise of the Option,
provided that to the extent necessary to qualify for an exemption from application of Section 16(b) of the Exchange Act,
if applicable, such share withholding procedure will be subject to the express prior approval of the Board or the Company’s
Compensation Committee; and/or (v) any other method determined by the Company to be in compliance with Applicable Law. Furthermore,
you agree to pay the Company or the Service Recipient any amount the Company or the Service Recipient may be required to withhold,
collect or pay as a result of your participation in the Plan or that cannot be satisfied by the means previously described. In
the event it is determined that the amount of the Tax Liability was greater than the amount withheld by the Company or the Service
Recipient, you agree to indemnify and hold the Company and/or the Service Recipient (as applicable) harmless from any failure by
the Company or the applicable Service Recipient to withhold the proper amount.

 

     2.

     

    

 

(c)            The
Company may withhold or account for your Tax Liability by considering statutory withholding amounts or other withholding rates
applicable in your jurisdiction(s), including (i) maximum applicable rates in your jurisdiction(s), in which case you may
receive a refund of any over-withheld amount in cash (whether from applicable tax authorities or the Company) and you will have
no entitlement to the equivalent amount in Common Stock or (ii) minimum or such other applicable rates in your jurisdiction(s),
in which case you may be solely responsible for paying any additional Tax Liability to the applicable tax authorities or to the
Company and/or the Service Recipient. If the Tax Liability withholding obligation is satisfied by withholding shares of Common
Stock, for tax purposes, you are deemed to have been issued the full number of shares of Common Stock subject to the exercised
portion of the Option, notwithstanding that a number of the shares of Common Stock is held back solely for the purpose of paying
such Tax Liability.

 

(d)            You
acknowledge that you may not be able to exercise your Option even though the Option is vested, and that the Company shall have
no obligation to issue shares of Common Stock, in each case, unless and until you have fully satisfied any applicable Tax Liability,
as determined by the Company. Unless any withholding obligation for the Tax Liability is satisfied, the Company shall have no obligation
to deliver to you any Common Stock in respect of the Option.

 

5.            Incentive
Stock Option Disposition Requirement. If your option is an Incentive Stock Option, you must notify the Company in writing
within 15 days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that
occurs within two years after the date of your option grant or within one year after such shares of Common Stock are transferred
upon exercise of your option.

 

6.            Transferability.
Except as otherwise provided in the Plan, your Option is not transferable, except by will or by the applicable laws of descent
and distribution, and is exercisable during your life only by you.

 

7.            Corporate
Transaction. Your Option is subject to the terms of any agreement governing a Corporate Transaction involving the Company,
including, without limitation, a provision for the appointment of a stockholder representative that is authorized to act on your
behalf with respect to any escrow, indemnities and any contingent consideration.

 

8.            No
Liability for Taxes. As a condition to accepting the Option, you hereby (a) agree to not make any claim against
the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from the Option or other
Company compensation and (b) acknowledge that you were advised to consult with your own personal tax, financial and other
legal advisors regarding the tax consequences of the Option and have either done so or knowingly and voluntarily declined to do
so. Additionally, you acknowledge that the Option is exempt from Section 409A only if the exercise price is at least equal
to the “fair market value” of the Common Stock on the date of grant as determined by the Internal Revenue Service and
there is no other impermissible deferral of compensation associated with the Option. Additionally, as a condition to accepting
the Option, you agree not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates in the
event that the Internal Revenue Service asserts that such exercise is less than the “fair market value” of the Common
Stock on the date of grant as subsequently determined by the Internal Revenue Service.

 

9.            Obligations;
Recoupment. You hereby acknowledge that the grant of your Option is additional consideration for any obligations (whether
during or after employment) that you have to the Company not to compete, not to solicit its customers, clients or employees, not
to disclose or misuse confidential information or similar obligations. Accordingly, if the Company reasonably determines that you
breached such obligations, in addition to any other available remedy, the Company may, to the extent permitted by Applicable Law,
recoup any income realized by you with respect to the exercise of your Option within two years of such breach. In addition, to
the extent permitted by Applicable Law, this right to recoupment by the Company applies in the event that your employment is terminated
for Cause or if the Company reasonably determines that circumstances existed that it could have terminated your employment for
Cause.

 

     3.

     

    

 

10.          Severability.
If any part of this Option Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity will not invalidate any portion of this Option Agreement or the Plan not declared to be unlawful
or invalid.  Any Section of this Option Agreement (or part of such a Section) so declared to be unlawful or invalid
will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to
the fullest extent possible while remaining lawful and valid.

 

11.          Indebtedness
to the company. In the event that you have any loans, draws, advances or any other indebtedness owing to the Company
at the time of exercise of all or a portion of the Option, the Company may deduct and not deliver that number of shares of Common
Stock with a Fair Market Value subject to the Option equal to such indebtedness to satisfy all or a portion of such indebtedness,
to the extent permitted by law and in a manner consistent with Section 409A of the Code, if applicable.

 

12.          Other
Documents.  You hereby acknowledge receipt of or the right to receive a document providing the information
required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Prospectus.  In addition,
you acknowledge receipt of the Company’s Trading Policy.

 

13.          Questions.
 If you have questions regarding these or any other terms and conditions applicable to your Option, including a summary
of the applicable federal income tax consequences please see the Prospectus.

 

*
* * *

 

     4.Exhibit 10.6

 

IN8BIO, Inc.

RSU Award Grant Notice

(2020 Equity Incentive Plan)

 

IN8bio, Inc. (the “Company”)
has awarded to you (the “Participant”) the number of restricted stock units specified and on the terms
set forth below in consideration of your services (the “RSU Award”). Your RSU Award is subject to all
of the terms and conditions as set forth herein and in the Company’s 2020 Equity Incentive Plan (the “Plan”)
and the Award Agreement (the “Agreement”), which are incorporated herein in their entirety. Capitalized
terms not explicitly defined herein but defined in the Plan or the Agreement shall have the meanings set forth in the Plan or the
Agreement.

 

	Participant:	 	 	 
	 	 	 	 
	Date of Grant:	 	 	 
	 	 	 	 
	Vesting Commencement Date:	 	 	 
	 	 	 	 
	Number of Restricted Stock Units:	 	 	 

 

		Vesting Schedule:	[__________________________________________________________________]. 
	 	 	Notwithstanding the foregoing, vesting shall  terminate upon the Participant’s termination of Continuous Service.
	 	 	 
	 	Issuance Schedule:	One
share of Common Stock will be issued for each restricted stock unit which vests at the time set forth in Section 5 of the
Agreement.

 

Participant Acknowledgements: By
your signature below or by electronic acceptance or authentication in a form authorized by the Company, you understand and agree
that:

 

		·	The RSU Award is governed by this RSU Award Grant Notice (the “Grant Notice”),
and the provisions of the Plan and the Agreement, all of which are made a part of this document. Unless otherwise provided in the
Plan, this Grant Notice and the Agreement (together, the “RSU Award Agreement”) may not be modified,
amended or revised except in a writing signed by you and a duly authorized officer of the Company.

 

		·	You have read and are familiar with the provisions of the Plan, the RSU Award Agreement and the
Prospectus. In the event of any conflict between the provisions in the RSU Award Agreement, or the Prospectus and the terms of
the Plan, the terms of the Plan shall control.

 

		·	The RSU Award Agreement sets forth the entire understanding between you and the Company regarding
the acquisition of Common Stock and supersedes all prior oral and written agreements, promises and/or representations on that subject
with the exception of: (i) other equity awards previously granted to you, and (ii) any written employment agreement,
offer letter, severance agreement, written severance plan or policy, or other written agreement between the Company and you in
each case that specifies the terms that should govern this RSU Award.

 

	IN8bio, Inc.	 	Participant:
	 	 	 	 	 
	By:	       	 	 
	 	Signature	 	 	Signature
	 	 	 	 	 
	Title:	 	 	Date:	    
	 	 	 	 	 
	Date:	 	 	 	 

 

    

     

    

 

IN8BIO, Inc.

2020
Equity Incentive Plan

 

Award
Agreement (RSU Award)

 

As reflected by your
Restricted Stock Unit Grant Notice (“Grant Notice”), IN8bio, Inc. (the “Company”)
has granted you a RSU Award under its 2020 Equity Incentive Plan (the “Plan”) for the number of restricted
stock units as indicated in your Grant Notice (the “RSU Award”). The terms of your RSU Award as specified
in this Award Agreement for your RSU Award (the “Agreement”) and the Grant Notice constitute your “RSU
Award Agreement”. Defined terms not explicitly defined in this Agreement but defined in the Grant Notice or the Plan
shall have the same definitions as in the Grant Notice or Plan, as applicable.

 

The general terms applicable
to your RSU Award are as follows:

 

1.            Governing
Plan Document. Your RSU Award is subject to all the provisions of the Plan. Your RSU Award is further subject to all
interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the
Plan. In the event of any conflict between the RSU Award Agreement and the provisions of the Plan, the provisions of the Plan shall
control.

 

2.            Grant
of the RSU Award. This RSU Award represents your right to be issued on a future date the number of shares of the Company’s
Common Stock that is equal to the number of restricted stock units indicated in the Grant Notice subject to your satisfaction of
the vesting conditions set forth therein (the “Restricted Stock Units”). Any additional Restricted Stock
Units that become subject to the RSU Award pursuant to Capitalization Adjustments as set forth in the Plan and the provisions of
Section 3 below, if any, shall be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions
on transferability, and time and manner of delivery as applicable to the other Restricted Stock Units covered by your RSU Award.

 

3.            Dividends.
You shall receive no benefit or adjustment to your RSU Award with respect to any cash dividend, stock dividend or other distribution
that does not result from a Capitalization Adjustment as provided in the Plan; provided, however, that this sentence shall not
apply with respect to any shares of Common Stock that are delivered to you in connection with your RSU Award after such shares
have been delivered to you.

 

4.            Withholding
Obligations.

 

(a)            Regardless
of any action taken by the Company or, if different, the Affiliate to which you provide Continuous Service (the “Service
Recipient”) with respect to any income tax, social insurance, payroll tax, fringe benefits tax, payment on account
or other tax-related items associated with the grant or vesting of the RSU Award or sale of the underlying Common Stock or other
tax-related items related to your participation in the Plan and legally applicable to you (the “Tax Liability”),
you hereby acknowledge and agree that the Tax Liability is your ultimate responsibility and may exceed the amount, if any, actually
withheld by the Company or the Service Recipient. You further acknowledge that the Company and the Service Recipient (i) make
no representations or undertakings regarding any Tax Liability in connection with any aspect of this RSU Award, including, but
not limited to, the grant or vesting of the RSU Award, the issuance of Common Stock pursuant to such vesting, the subsequent sale
of shares of Common Stock, and the payment of any dividends on the Common Stock; and (ii) do not commit to and are under no
obligation to structure the terms of the grant or any aspect of the RSU Award to reduce or eliminate your Tax Liability or achieve
a particular tax result. Further, if you are subject to Tax Liability in more than one jurisdiction, you acknowledge that the Company
and/or the Service Recipient (or former service recipient, as applicable) may be required to withhold or account for Tax Liability
in more than one jurisdiction.

 

    1.

     

    

 

(b)            Prior
to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company
and/or the Service Recipient to satisfy all Tax Liability. As further provided in Section 8 of the Plan, you hereby authorize
the Company and any applicable Service Recipient to satisfy any applicable withholding obligations with regard to the Tax Liability
by any of the following means or by a combination of such means: (i) causing you to pay any portion of the Tax Liability in
cash or cash equivalent in a form acceptable to the Company; (ii) withholding from any compensation otherwise payable to you
by the Company or the Service Recipient; (iii) withholding shares of Common Stock from the shares of Common Stock issued or
otherwise issuable to you in connection with the Award; provided, however, that to the extent necessary to qualify for an
exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will
be subject to the express prior approval of the Board or the Company’s Compensation Committee; (iv) permitting or requiring
you to enter into a “same day sale” commitment, if applicable, with a broker-dealer that is a member of the Financial
Industry Regulatory Authority (a “FINRA Dealer”), pursuant to this authorization and without further
consent, whereby you irrevocably elect to sell a portion of the shares of Common Stock to be delivered in connection with your
Restricted Stock Units to satisfy the Tax Liability and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary
to satisfy the Tax Liability directly to the Company or the Service Recipient; and/or (v) any other method determined by the
Company to be in compliance with Applicable Law. Furthermore, you agree to pay the Company or the Service Recipient any amount
the Company or the Service Recipient may be required to withhold, collect, or pay as a result of your participation in the Plan
or that cannot be satisfied by the means previously described. In the event it is determined that the amount of the Tax Liability
was greater than the amount withheld by the Company and/or the Service Recipient (as applicable), you agree to indemnify and hold
the Company and/or the Service Recipient (as applicable) harmless from any failure by the Company or the applicable Service Recipient
to withhold the proper amount.

 

(c)            The
Company may withhold or account for your Tax Liability by considering statutory withholding amounts or other withholding rates
applicable in your jurisdiction(s), including (i) maximum applicable rates in your jurisdiction(s), in which case you may
receive a refund of any over-withheld amount in cash (whether from applicable tax authorities or the Company) and you will have
no entitlement to the equivalent amount in Common Stock or (ii) minimum or such other applicable rates in your jurisdiction(s),
in which case you may be solely responsible for paying any additional Tax Liability to the applicable tax authorities or to the
Company and/or the Service Recipient. If the Tax Liability withholding obligation is satisfied by withholding shares of Common
Stock, for tax purposes, you are deemed to have been issued the full number of shares of Common Stock subject to the vested portion
of the RSU Award, notwithstanding that a number of the shares of Common Stock is held back solely for the purpose of paying such
Tax Liability.

 

(d)            You
acknowledge that you may not participate in the Plan and the Company shall have no obligation to deliver shares of Common Stock
until you have fully satisfied the Tax Liability, as determined by the Company. Unless any withholding obligation for the Tax Liability
is satisfied, the Company shall have no obligation to deliver to you any Common Stock in respect of the RSU Award.

 

5.            Date
of Issuance.

 

(a)            The
issuance of shares in respect of the Restricted Stock Units is intended to comply with U.S. Treasury Regulations Section 1.409A-3(a) and
will be construed and administered in such a manner. Subject to the satisfaction of the Tax Liability withholding obligation, if
any, in the event one or more Restricted Stock Units vests, the Company shall issue to you one (1) share of Common Stock for
each vested Restricted Stock Unit. Each issuance date determined by this paragraph is referred to as an “Original Issuance
Date.”

 

(b)            If
the Original Issuance Date falls on a date that is not a business day, delivery shall instead occur on the next following business
day. In addition, if:

 

(i)            the
Original Issuance Date does not occur (1) during an “open window period” applicable to you, as determined by the
Company in accordance with the Company’s then-effective policy on trading in Company securities, or (2) on a date when
you are otherwise permitted to sell shares of Common Stock on an established stock exchange or stock market (including but not
limited to under a previously established written trading plan that meets the requirements of Rule 10b5-1 under the Exchange
Act and was entered into in compliance with the Company’s policies (a “10b5-1 Arrangement)), and

 

    2.

     

    

 

(ii)            either
(1) a Tax Liability withholding obligation does not apply, or (2) the Company decides, prior to the Original Issuance
Date, (A) not to satisfy the Tax Liability withholding obligation by withholding shares of Common Stock from the shares otherwise
due, on the Original Issuance Date, to you under this Award, and (B) not to permit you to enter into a “same day sale”
commitment with a broker-dealer (including but not limited to a commitment under a 10b5-1 Arrangement) and (C) not to permit
you to pay your Tax Liability in cash, then the shares that would otherwise be issued to you on the Original Issuance Date
will not be delivered on such Original Issuance Date and will instead be delivered on the first business day when you are not
prohibited from selling shares of the Common Stock in the open public market, but in no event later than December 31 of the
calendar year in which the Original Issuance Date occurs (that is, the last day of your taxable year in which the Original Issuance
Date occurs), or, if and only if permitted in a manner that complies with U.S. Treasury Regulations Section 1.409A-1(b)(4),
no later than the date that is the 15th day of the third calendar month of the applicable year following the year in which the
shares of Common Stock under this Award are no longer subject to a “substantial risk of forfeiture” within the meaning
of U.S. Treasury Regulations Section 1.409A-1(d).

 

6.            Transferability.
Except as otherwise provided in the Plan, your RSU Award is not transferable, except by will or by the applicable laws of descent
and distribution

 

7.            Corporate
Transaction. Your RSU Award is subject to the terms of any agreement governing a Corporate Transaction involving the
Company, including, without limitation, a provision for the appointment of a stockholder representative that is authorized to act
on your behalf with respect to any escrow, indemnities and any contingent consideration.

 

8.            No
Liability for Taxes. As a condition to accepting the RSU Award, you hereby (a) agree to not make any claim against
the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from the RSU Award or
other Company compensation and (b) acknowledge that you were advised to consult with your own personal tax, financial and
other legal advisors regarding the tax consequences of the RSU Award and have either done so or knowingly and voluntarily declined
to do so.

 

9.            Severability.
If any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness
or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any
Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed
in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while
remaining lawful and valid.

 

10.          Other
Documents.  You hereby acknowledge receipt of or the right to receive a document providing the information
required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Prospectus.  In addition,
you acknowledge receipt of the Company’s Trading Policy.

 

11.          Questions.
 If you have questions regarding these or any other terms and conditions applicable to your RSU Award, including a summary
of the applicable federal income tax consequences please see the Prospectus.

 

    3.

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