Document:

STOCK
PURCHASE AGREEMENT

 

STOCK
PURCHASE AGREEMENT, dated as of August 1, 2018 (this “Agreement”), by and between _______(“Stockholder”),
residing at _________, and Kadima Capital Partners, LLC (“Purchaser”) c/o the Law Office of R.J. Newman, P.C.
1872 Pleasantville Road, Suite 177, Briarcliff Manor, NY 10510.

 

WITNESSETH:

 

WHEREAS,
Stockholder is the owner of ______ shares of common stock, par value $.001 per share (the “Shares”), of Oxygen
Therapy, Inc. (“Company”), a Delaware corporation with its registered office in the State of Delaware, 160
Greentree Drive # 101, in the City of Dover, Country of Kent, 19904 and its principal executive office located at 233 Needham
Street, Suite 300, Newton, MA 02464; and

 

WHEREAS,
Stockholder desires to sell, and Purchaser desires to purchase, all of the Shares on the terms and conditions set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual representations, warranties, agreements and indemnities herein contained and other
good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, the parties agree as follows:

 

1.
Purchased Shares

 

Subject
to the terms and conditions herein stated, Stockholder hereby agrees to sell, assign, transfer and deliver to Purchaser on the
Closing Date, and Purchaser hereby agrees to purchase from Stockholder on the Closing Date, all right, title and interest of Stockholder
in and to the Shares for a total purchase price of $__________ (the “Purchase Price”).

 

2.
Payment of Consideration

 

In
furtherance of the consummation of the transactions contemplated hereby, Purchaser shall (a) pay the Purchase Price by wire transferring
such amount in immediately available funds to Stockholder’s designated account simultaneously with the execution and delivery
of this Agreement, and (b) Stockholder shall deliver (i) the stock certificate(s) representing the Shares, accompanied by instruments
of transfer duly executed in blank, medallion guaranteed, simultaneously with the execution and delivery of this Agreement, (ii)
all of the books and records of Company, (iii) all tangible and intangible assets and (iv) Stockholder shall make its best efforts
to facilitate the resulting change in control of Company.

 

3.
Closing Date

 

3.1
The consummation of the transactions contemplated by this Agreement (the “Closing”) shall take place on or
before August 15, 2018 or contemporaneously with the execution of this Agreement (the “Closing Date”) unless
otherwise extended in writing by the Stockholder and Purchaser. Should Purchaser fail to wire transfer or deliver funds for the
Purchase Price to the Stockholder’s designated accounts by 2:30 pm EDT on the Closing Date, this Agreement will terminate.

 

3.2
In the event that the signing and Closing of the transactions contemplated by this Agreement are not contemporaneous, the following
conditions to the Closing must be satisfied to the reasonable satisfaction of each of the Stockholder and Purchaser:

 

a.
the Stock Purchase Agreement between Offer Binder and the Purchaser shall be executed, and the transactions contemplated thereby
be complete;

 

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b.
there shall be no material breach of any covenant or agreement of Purchaser or Stockholder which has not been waived by the non-breaching
party in writing; and,

 

c.
the payment of considerations as set forth in Section 2.1 has been satisfied.

 

3.3
In any event, the representations and warranties of the Stockholder made in Section 4.1 shall be true and correct in all material
respects;

 

3.4
In any event, the representations and warranties of the Purchaser made in 4.2 shall be true and correct in all material respects;

 

4.
Representations and Warranties

 

4.1
By Stockholder. Stockholder represents and warrants as follows and acknowledges that Purchaser is relying upon such representations
and warranties in connection with the purchase by Purchaser of the Shares:

 

a.
The authorized capital stock of Company consists of 100,000,000 shares of common stock, par value $.001 per share (the “Common
Stock”) and 5,000,000 shares of preferred stock; and of such authorized capital, only 19,943,131 shares of common stock
(inclusive of the Shares) are outstanding and no shares of preferred stock have been issued, distributed or are outstanding;

 

b.
The Shares and all of the outstanding shares of capital stock are fully paid, non-assessable and have been validly issued and
are not subject to any voting agreements or pre-emptive rights;

 

c.
Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware;

 

d.
The Company is a biopharmaceutical company focused on the development and commercialization of first-in-class treatments for hypoxic
conditions and necrosis prevention. The Company’s initial targeted medical conditions are wound healing, trauma and stroke.
The Company’s lead product candidate, OTI-3012, will be tested as a potent resuscitative agent to treat Cardiac- cerebrovascular
accidents. The product is based on a new molecule initially developed for blood substitution. During the next 18 months the Company
plans to submit an Investigational New Drug Application to the Food and Drug Administration (FDA) and enter into clinical trials.

 

e.
Except as set forth in the SEC Documents, as defined below, no person, corporation or other entity has any agreement, option or
warrant, or any right or privilege (whether by law, pre-emptive or contractual, or whether by means of any exercise, conversion
or other right or action) which has the effect of or is capable of becoming an agreement, option or warrant, for the purchase
from Company of any securities (including convertible securities) of Company;

 

f.
All of the Shares are owned by Stockholder as the registered and beneficial owner of record, with good and marketable title thereto,
free and clear of all mortgages, liens, charges, security interests, adverse claims, pledges, encumbrances, restrictions and demands
whatsoever (other than restrictions imposed by federal or state securities laws);

 

g.
Neither Stockholder nor Company is party to, bound or affected by or subject to any indenture, mortgage, lease, agreement, instrument,
charter or by-law provision, statute, regulation, order, judgment, decree or law which would be violated, contravened or breached
by, or under which any default would occur as a result of, the consummation of the transactions provided for herein;

 

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h.
No employee or member of management of the Company from inception to the date of this Agreement is entitled to any accelerated
payment or severance payment as of the date hereof or shall be entitled to any such payments as a result of their resignations
or the transactions contemplated by the Agreement;

 

i.
Stockholder has all requisite power and authority to execute, deliver and perform her obligations under this Agreement; the execution,
delivery and performance of this Agreement by Stockholder has been duly authorized by all necessary action on the part of Stockholder;
and this Agreement constitutes the legal, valid and binding obligation of Stockholder, enforceable against him in accordance with
its terms;

 

j.
None of the reports, notices, statements and other filings made by Company with the Securities and Exchange Commission (the “SEC
Documents”) contained any untrue statement of a material fact or omitted to state a material fact necessary in order
to make the statements contained therein not misleading. The balance sheets and statements of income, changes in financial position
and stockholders’ equity contained in any of the SEC Documents have been prepared in accordance with generally accepted
accounting principles applied on a basis consistent with prior periods (and, in the case of unaudited financial information, on
a basis consistent with year-end audits). Attached hereto are the unaudited financial statements of the Company as of June 30,
2108 which have not been reviewed by the Company’s auditors (the “Interim Financial Statements”). The Interim
Financial Statements fairly and accurately present, in all material respects, the true financial condition and results of operations
of the Company as of, and for, the periods presented in such financial statements.

 

k.
Company has no liabilities, fixed or contingent, known or unknown, except to the extent reflected in the SEC Documents and Interim
Financial Statements which could not reasonably be expected to have a material adverse effect on the business, assets (including
intangible assets), liabilities, financial condition, prospects, property or results of operations of the Company (a “Material
Adverse Effect”) and which have not arisen otherwise than in the ordinary course of business;

 

l.
The transfer of the Shares as contemplated herein is not restricted by any State or Federal securities law and such transfer is
permitted under Section 4(a)(2) of the Securities Act of 1933, as amended.

 

m.
(i) Except as disclosed in the SEC Documents, the business of Company has been operated in the ordinary course, (ii) there has
been no material adverse change in the financial condition, operations or business of Company from that reflected in the SEC Documents
and Interim Financial Statements, and Company has not incurred any material obligation or liability except in the ordinary course
of business, and (iii) there has not been any (A) declaration, setting aside the payment of any dividend or other distribution
with respect to the capital stock of Company, (B) direct or indirect redemption, purchase or other acquisition by Company of any
of its capital stock, or (C) increase in the rate of salary or compensation paid or payable by Company to Stockholder or any other
officer, director or employee of Company. Except as disclosed in the SEC Documents and Interim Financial Statements, the Company
is not in default of any of its obligations (including, but not limited to, all leases to which Company is a party or by which
Company is bound, whether for realty or personality);

 

n.
Company has, to the date hereof, filed all tax returns and paid or made adequate reserve on its books for all taxes, assessments
and other impositions as and to the extent required by law;

 

o.
Except with respect to the filings that have not been made with the Securities and Exchange Commission since December 27, 2017,
the Company is in compliance in all material respects with all laws, statutes, regulations, rules and ordinances applicable to
the conduct of its business, and has in full force and effect all licenses, permits and other authorizations required for the
conduct of its business as presently constituted except where such failure to company would not have a Material Adverse Effect
on the Company;

 

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p.
Company does not own any real estate or any interest therein; and Stockholder has previously delivered to Purchaser true and complete
copies of all leases respecting real estate to which Company is a party or by which Company may be bound;

 

q.
Company has no insurance that is currently in effect;

 

r.
Company is not a party to or bound by any collective bargaining agreement, employment agreement, consulting agreement or other
commitment for the employment or retention of any person;

 

s.
Company does not maintain and is not required to make any contributions to any pension, profit-sharing, retirement, deferred compensation
or other such plan or arrangement for the benefit of any employee, former employee or other person;

 

t.
there is no past, pending or, to the knowledge of the Stockholder, threatened litigation, arbitration, administrative proceeding
or other legal action or proceeding against or relating to Company’s business or Stockholder;

 

u.
Company has the valid right to utilize all trade names and other intellectual property utilized in its business, and has not received
notice of any claimed infringement of such intellectual property with the rights or property of any other person; and

 

v.
Neither Stockholder nor Company has any knowledge of any fact, event, circumstance or condition that would materially impair Company’s
ability to continue its normal operations as heretofore conducted (other than general, industry-wide conditions);

 

4.2
By Purchaser. Purchaser represents and warrants as follows and acknowledges that Stockholder is relying upon such representations
and warranties in connection with the sale by Stockholder of the Shares:

 

a.
Purchaser has all requisite power and authority to execute, deliver and perform his obligations under this Agreement; the execution,
delivery and performance of this Agreement by Purchaser has been duly authorized by all necessary action on the part of Purchaser;
and this Agreement constitute the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance
with its terms;

 

b.
Purchaser is not a party to, bound or affected by or subject to any indenture, mortgage, lease, agreement, instrument or charter
provision, statute, regulation, order, judgment, decree or law which would be violated, contravened or breached by, or under which
any default would occur as a result of, the consummation of the transactions provided for herein; and

 

c.
Purchaser is purchasing the Shares for its own account for investment purposes, and not with a view to the distribution thereof
in violation of any applicable securities laws.

 

5
Survival of Representations and Warranties

 

5.1
Stockholder. The representations and warranties of Stockholder contained in this Agreement, or any agreement, certificate
or other document delivered or given pursuant to this Agreement, shall survive the consummation of the transactions contemplated
by this Agreement and, notwithstanding such completion or any investigation made by or on behalf of Purchaser, shall continue
in full force and effect for the benefit of Purchaser and any claim in respect thereof shall be made in writing:

 

a.
with respect to representations and warranties of Stockholder, relating to matters other than tax matters for a period of 12 months
after the Closing Date;

 

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b.
with respect to representations and warranties of Stockholder, relating to tax liability or other tax matters, within the period
commencing on the Closing Date and expiring on the date on which the last applicable limitation period (without giving effect
to any voluntary extension(s) hereafter granted by or on behalf of Company) under any applicable taxation legislation expires
with respect to any fiscal year of Company which is relevant in determining any relevant tax liability of Company; and

 

c.
any claim for Loss (as defined in section 8.1 hereof) or any liability of Company arising from the conduct of the business of
Company prior to the Closing Date shall survive the Closing.

 

5.2
Purchaser. The representations and warranties of Purchaser contained in this Agreement, or any agreement, certificate or
other document delivered or given pursuant to this Agreement, shall survive the completion of the transactions contemplated by
this Agreement and, notwithstanding such completion or any investigation made by or on behalf of Stockholder, shall continue in
full force and effect for the benefit of Stockholder and any claim in respect thereof shall be made in writing for a period of
12 months after the Closing Date.

 

5.3
General. The provisions of this Section 5 respecting the expiration of claims periods is expressly subject to Section 8.3
hereof.

 

6
Transfer 

 

6.1
Transfer. Once Purchase Price is received into Stockholder’s designated accounts by wire transfer, this Agreement
will operate as an immediate and effective transfer of the shares by Stockholder to Purchaser as of the Closing Date. The parties
agree to do all such other acts and things as may be necessary to give effect to the provisions hereof, and without limiting the
generality of the foregoing, to validly and effectively transfer the Shares from Stockholder to Purchaser as at the Closing Date,
and to disclose the resulting change in control of Company in a current report on Form 8-K to be filed with the SEC following
the Closing. Once the Purchase Price has been received into to Stockholder’s designated account, this Agreement will constitute,
and may be presented to Company and its transfer agent and registrar as, Stockholder’s irrevocable authorization to transfer
the record ownership of the Shares to Purchaser on the stock transfer ledger of Company.

 

7
Additional Agreements

 

7.1
Resignations and Actions by Board Prior to Closing.

 

a.
Stockholder shall resign as the Chief Executive Officer, and as member of the Board of Directors of Company at the Closing and,
as a condition to Closing shall shall cause all other directors and officers to resign and deliver at the Closing letters of resignation
(“Letters of Resignation”) that provide that there has been no disagreement with the Company over any of its operations,
policies or procedures that would require disclosure in an 8-K..

 

b.
Stockholder shall remain on the board of directors and shall obtain board approval for and sign, or obtain the signature of Ola
Solderquist as CFO of the Company for, the 10-K for the period ended December 31, 2017 and 10Qs for the periods ended March 30,
2018 and June 30, 2018.

 

c.
If the Company determines that Schedule 14 F-1 is required to be filed with the Securities and Exchange Commission (the “SEC”),
then, at the request of the Purchaser, the Stockholder shall remain as a director and the Resignation Letters shall provide that
the other directors shall remain as directors and Stockholder and other directors shall resign, and the Letters of Resignation
shall provide that the other directors shall resign, effective 10 days after the Company’s Schedule 14 f-1 is filed with
the SEC and disseminated to the Company’s shareholders.

 

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d.
During the period of time between the execution and Closing the Stockholder and if necessary thereafter shall cause the board
of directors to approve any action solely with the written consent of the Purchaser, including, without limitation any issuances
of the Company’s Common Stock, options, warrants or any debt instrument or other security convertible into Common Stock
or preferred stock of the Company and Stockholder shall not vote to approve any action by the Company without the prior written
consent of the Purchaser.

 

e.
Stockholder shall vote as a director to cause Purchaser to be elected as a director and chief executive officer of the Company
upon the Closing and to allow Purchaser to designate relevant candidates to be elected as chief business officer and vice presidents.

 

f.
Stockholder shall cause Purchaser to become sole signatory on the Company’s bank account. 

 

7.2
The Representations and Warranties of the Stockholder in Section 4.1 shall be true and correct as of the time of the Closing and
shall remain in effect for the period provided in Section 5.1.

 

7.3
The Representations and Warranties of the Purchaser in Section 4.2 shall be true and correct as of the time of the Closing and
shall remain in effect for the period provided in Section 5.1.

 

7.4
Each of Stockholder and Purchaser shall take or cause to be taken all necessary or desirable actions, steps and corporate proceedings
to approve or authorize the transactions contemplated by this Agreement and the execution and delivery of this Agreement and other
agreements, understandings and documents contemplated hereby, and shall cause all necessary meetings of directors and stockholders
to be held for such purpose.

 

7.5
Stockholder agrees to assume and be liable for any and all liabilities and obligations of Company, and any of its affiliates of
any kind or nature, whether absolute, accrued, contingent or otherwise, or whether due or to become due, arising out of or in
connection with the operation of the business of Company prior to the Closing Date and indemnify Company against any Loss (as
defined below) in connection therewith including, without limitation, a claim of trademark infringement up to a maximum amount
equal to the Purchase Price.

 

7.6
Except for any Form 3, 4 or 5 to be filed on behalf of the Stockholder, the Purchaser hereby agrees that it shall cause the Company
file any and all necessary reports with the SEC, including but not limited to any Schedule 13D or Form 8-K.

 

8
Indemnification

 

8.1
Each party hereto agrees to indemnify and hold harmless the other party from and in respect of any cost, claim, loss, damage,
liability or expense (a “Loss”) which such other party may suffer or incur, whether at law or in equity, arising out,
resulting from a breach of this Agreement or in connection with the inaccuracy of any representation or warranty contained herein,
for the time periods provided in Section 5.1 hereof.

 

8.2
Subject to the provisions of this Section 8.2, the indemnification for a Loss by each party shall be subject to a maximum amount,
including fees and expenses, equal to the Purchase Price. Notwithstanding the foregoing, in the event that the price of the Common
Stock per share is in excess of $1.00 per share the indemnification by Stockholder shall be subject to a maximum amount of $100,000.

 

8.3
No claim for indemnification will arise until written notice thereof is given to the party from whom indemnification is sought
or claimed (the “Indemnitor”). Such notice shall be sent within a reasonable time following the determination
by the party seeking indemnification (the “Indemnitee”) that a claim for indemnity may exist. In the event
that any legal proceedings shall be instituted or any claim or demand is asserted by any third person in respect of which either
party may seek any indemnification from the other party, the Indemnitee shall give or cause to be given to the Indemnitor written
notice thereof and the Indemnitor shall have the right, at its option and expense, to be present at the defense of such proceedings,
claim or demand, but not to control the defense, negotiation or settlement thereof, which control shall at all times remain with
the Indemnitee, unless the Indemnitor irrevocably acknowledges full and complete responsibility for indemnification of the Indemnitee
in respect of the subject claim, in which case the Indemnitor may assume such control through counsel of its choice; provided,
however, that no settlement shall be entered into without the Indemnitee’s prior written consent (which shall not
be unreasonably withheld). The parties agree to cooperate fully with each other in connection with the defense, negotiation or
settlement of any such third party legal proceeding, claim or demand.

 

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8.4
Notwithstanding anything in this Agreement to the contrary, the indemnity provided for in this Section 8 shall apply to any Loss,
whether or not the actual amount thereof shall have been ascertained prior to the final day upon which a claim for indemnity with
respect thereto may be made hereunder in accordance with Section 5 hereof, so long as written notice thereof shall have been given
to the party from whom indemnification is sought prior to said date, setting forth specifically and in reasonable detail, so far
as is known, the matter as to which indemnification is being sought, but nothing herein shall be construed to require payment
of any claim for indemnity until the actual amount payable shall have been finally ascertained.

 

9
Notices

 

Notices
required or permitted to be given under this Agreement shall be in writing and shall be deemed to be sufficiently given when sent
by certified or registered mail or by hand, addressed to the addresses set forth on the first page of this Agreement or to such
other address furnished by notice given in accordance with this Section 9.

 

10
Governing Law/Venue

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to principles
of conflicts of laws that would result in the application of the substantive laws of another jurisdiction. In the event there
is any dispute between the parties as to their rights and obligations under this Agreement, the parties irrevocably submit to
the jurisdiction of any state or federal court sitting in the State and City of New York, and waive any defense of inconvenient
forum to the maintenance of any action so brought.

 

11
Entire Agreement

 

This
Agreement constitutes the entire agreement between the parties relating to the subject matter hereof. There are no verbal statements,
representations, warranties, undertakings or agreements between the parties. This agreement may be amended only by an instrument
in writing signed by both parties.

 

12
Assignment

 

Neither
this Agreement nor any rights or obligations hereunder may be assigned by either party without the prior written consent of the
other party, which consent may be withheld in either party’s sole and absolute discretion, except that Purchaser may assign
its rights hereunder to Company without Stockholder’s consent.

 

13
Binding Effect

 

This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
This Agreement may be executed in counterparts.

 

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

 

	 	STOCKHOLDER
	 	 
	 	 
	 	Name:
    
	 	 
	 	PURCHASER
	 	 
	 	KADIMA
    CAPITAL PARTNERS, LLC
	 	 
	 	 
	 	Name:
    Daniel Teper 
	 	Title:
    Member

 

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                                         of 8Exhibit 10.1

 

RESTRICTED STOCK UNIT AWARD - DIRECTOR

PURSUANT TO THE WIRELESS TELECOM GROUP,
INC.

AMENDED AND RESTATED 2012 INCENTIVE PLAN

 

THIS RESTRICTED
STOCK UNIT AWARD (including the companion Terms and Conditions) is made as of the Grant Date by WIRELESS TELECOM GROUP, INC. (the
“Company”) to ____________________________ (the “Participant”) subject to acceptance by the
Participant.

 

Upon and
subject to the provisions of the Plan and the Terms and Conditions attached hereto and incorporated herein by reference as part
of this Award, the Company hereby awards as of the Grant Date to the Participant, the Restricted Stock Units described in Paragraph
C below. Underlined and capitalized terms in Paragraphs A through F below shall have the meanings there ascribed to them therein
or in the Plan.

 

		A.	Grant Date: ______________, 201__.

 

		B.	Plan Under Which Granted: Wireless Telecom Group, Inc. Amended and Restated 2012 Incentive
Plan (the “Plan”).

 

		C.	Restricted Stock Units: The number of Restricted Stock Units subject to the Award shall
be Twenty-Five Thousand (________). Each Restricted Stock Unit represents the Company’s unfunded and unsecured obligation
to issue one share of the Company’s common stock, par value $0.01 per share, (collectively, the “Shares”)
in accordance with this Award, subject to the terms of this Award and the Plan.

 

		D.	Dividend Equivalents: The Restricted Stock Units shall not accrue Dividend Equivalents.

 

	E.	Vesting Schedule: The Restricted Stock Units shall vest, if at all, on the day before
the first anniversary of the Grant Date or, if earlier, the effective date of a Separation from Service due to death or Disability
(the “Vesting Date”), provided the Participant has rendered continuous service to the Company as a member of
its Board of Directors from the Grant Date until the Vesting Date. Restricted Stock Units that become vested in accordance with
this Paragraph E are referred to herein as “Vested Stock Units.” If the Participant ceases to provide continuous
service to the Company as a member of its Board of Directors prior to the Vesting Date, regardless of the reason, all of the Restricted
Stock Units shall be forfeited as of the date the Participant ceases to be a member of the Board of Directors.

 

		F.	Settlement of Vested Stock Units: Subject to the Terms and Conditions, the Shares attributable
to the Vested Stock Units will be settled by delivery of such Shares in kind to the Participant or, if applicable, the Participant’s
Beneficiary on a date selected by the Company that is no later than thirty (30) days following the first to occur of the following
events: (i) the third anniversary of the Grant Date; (ii) Separation from Service following, or coincident with, a Vesting Date,
regardless of the reason; or (iii) a Change in Control following, or coincident with, a Vesting Date (as applicable,
the “Distribution Date”).

 

IN WITNESS
WHEREOF, the Company and the Participant have executed this Award as of the Grant Date set forth above.

 

	PARTICIPANT:	 	WIRELESS TELECOM GROUP, INC.:	 
	 	 	 	 
	 	 	By:
	 
	 	 	 	 
	Signature of Participant	 	Title:
	 

    	 

    	

    

TERMS AND CONDITIONS TO THE

RESTRICTED STOCK UNIT AWARD - DIRECTOR

PURSUANT TO THE WIRELESS TELECOM GROUP,
INC.

AMENDED AND RESTATED 2012 INCENTIVE PLAN

 

1.            Settlement
and Delivery of Vested Stock Units.

 

(a)            On the applicable Distribution
Date, the Company shall issue and deliver a share certificate, or make or caused to be made an appropriate entry on the books of
the Company or of a duly authorized transfer agent of the Company, representing the number of Shares attributable to Vested Stock
Units to the Participant or, if applicable, the Participant’s Beneficiary in settlement of the Participant’s rights
under this Award.

 

(b)            The Company shall not
be required to issue a fractional share (or cash in lieu of a fractional share) upon the settlement of the Award.

 

(c)            Notwithstanding anything
in the Plan, the Award, or any other agreement (written or oral) to the contrary, if Participant is a “specified employee”
(within the meaning of Code Section 409A) on the date of Separation from Service, then any settlement occurring with respect to
such Separation from Service under this Award will be delayed to the extent necessary to comply with Code Section 409A(a)(2)(B)(i),
and the Shares will be settled during the ten-day period commencing on the earlier of: (i) the expiration of the six-month period
measured from the date of Participant’s Separation from Service, or (ii) the date of Participant’s death. Upon the
expiration of the applicable six-month period under Code Section 409A(a)(2)(B)(i) (or, if earlier, the date of the Participant’s
death), all Shares deferred pursuant to this Subsection (c) will be delivered to Participant (or Participant’s estate, in
the event of Participant’s death) in a lump sum.

 

2.            Rights as Shareholder.
Until the Shares to be received in settlement of the Vested Stock Units are issued to the Participant or, if applicable, the Participant’s
Beneficiary, neither the Participant nor the Beneficiary shall have any rights as a shareholder with respect to the either Restricted
Stock Units or Vested Stock Units. Except as otherwise provided in Section 5 hereof and Section 10(c) of the Plan, the Company
shall make no adjustment for any dividends or distributions or other rights on or with respect to the Shares issued in settlement
of the Vested Stock Units for which the record date is prior to the issuance of that stock certificate or, if applicable, until
the appropriate book entry is recorded.

 

3.            Restrictions
on Transfer. Except for the transfer by bequest or inheritance, neither the Participant nor any Beneficiary shall have the
right to make or permit to exist any transfer or hypothecation, whether outright or as security, with or without consideration,
voluntary or involuntary, of all or any part of any right, title or interest in or to any Restricted Stock Units (including, without
limitation, Vested Stock Units). Any such disposition not made in accordance with this Award shall be deemed null and void. Any
permitted transferee under this Section shall be bound by the terms of this Award.

 

4.            Legends on
Shares. The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions
on all certificates representing the Shares issued pursuant to this Award.

    	2

    	

    

5.            Change in Capitalization.

 

(a)            The
number and kind of shares of Common Stock subject to the Restricted Stock Units (including, without limitation, Vested Stock Units)
shall be proportionately adjusted by the Committee for nonreciprocal transactions between the Company and the holders of capital
stock of the Company that cause the per share value of the shares of Common Stock to change, such as an extraordinary dividend
or other distribution, recapitalization, forward or reverse stock split, reorganization, merger, consolidation, spin-off, combination,
repurchase, share exchange, liquidation, dissolution or similar corporate transaction.

 

(b)            In the
event of any merger, consolidation, or other reorganization in which the Company does not survive, or in the event of a Change
in Control, the Committee may make such adjustments with respect to the Restricted Stock Units (including, without limitation,
Vested Stock Units) and take any of the following actions as it deems necessary or appropriate consistent with the requirements
of Section 10(c)(ii) of the Plan: (i) continuation of the Award by the surviving entity; (ii) the assumption or substitution of
the Award by the surviving entity or its parent or subsidiary; or (iii) settlement of the value of the Award in cash or cash equivalents
or other property followed by the cancellation of the Award.

 

(c)            No fractional
shares shall be created in making any adjustment pursuant to this Section 5. Instead, any adjustment pursuant to this Section 5
that would otherwise result in a fractional Restricted Stock Unit or Share becoming subject to the Award shall be further adjusted
to round down the numbers of Restricted Stock Units or Shares to the next lowest Restricted Stock Unit or Share, as applicable.

 

(d)            All
determinations and adjustments made by the Committee pursuant to this Section will be final and binding on the Participant and
any Beneficiary. Any action taken by the Committee need not treat all recipients of equity incentives equally.

 

(e)            The
existence of the Plan and the Award shall not affect the right or power of the Company to make or authorize any adjustment, reclassification,
reorganization or other change in its capital or business structure, any merger or consolidation of the Company, any issue of debt
or equity securities having preferences or priorities as to its Common Stock or the rights thereof, the dissolution or liquidation
of the Company, any sale or transfer of all or part of its business or assets, or any other corporate act or proceeding.

 

6.            Section 409A.
This Award is intended to comply with, or otherwise be exempt from, Code Section 409A, as applicable. This Award shall be administered,
interpreted, and construed in a manner consistent with such Code section. Should any provision of this Award be found not to comply
with, or otherwise be exempt from, the provisions of Code Section 409A, it shall be modified and given effect, in the sole discretion
of the Committee and without requiring the Participant’s consent, in such manner as the Committee determines to be necessary
or appropriate to comply with, or to effectuate an exemption from, Code Section 409A. No acceleration of payment or settlement
may be made except as permitted under Code Section 409A.

 

7.            Governing Laws.
This Award shall be construed, administered, and enforced according to the laws of the State of New Jersey; provided, however,
no Shares shall be issued

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except, in the reasonable judgment of the
Board of Directors, in compliance with exemptions under applicable state securities laws of the state in which Participant resides,
and/or any other applicable securities laws.

 

8.            Successors.
This Award shall be binding upon and inure to the benefit of the heirs, legal representatives, successors, and permitted assigns
of the parties.

 

9.            Notice.
Except as otherwise specified herein, all notices and other communications required or permitted under this Award shall be in writing
and, if mailed by prepaid first-class mail or certified mail, return receipt requested, shall be deemed to have been received on
the earlier of the date shown on the receipt or three (3) business days after the postmarked date thereof. In addition, notices
hereunder may be delivered by hand, facsimile transmission, or overnight courier, in which event the notice shall be deemed effective
when delivered or transmitted. All notices and other communications under this Award shall be given to the parties hereto at the
following addresses: to the Company (attention of the Secretary), at the principal office of the Company or at any other address
as the Company, by notice to Participant, may designate in writing from time to time; and to Participant, at Participant’s
address as shown on the records of the Company, or at any other address as Participant or, if applicable, the Participant’s
Beneficiary, by notice to the Company, may designate in writing from time to time pursuant to provisions of this Section 9.

 

10.          Severability.
In the event that any one or more of the provisions or portion thereof contained in this Award shall for any reason be held to
be invalid, illegal, or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions of
this Award, and this Award shall be construed as if the invalid, illegal, or unenforceable provision or portion thereof had never
been contained herein.

 

11.          Entire Agreement.
Subject to the terms and conditions of the Plan, this Award expresses the entire understanding and agreement of the parties with
respect to the subject matter. The Committee shall have full and conclusive authority to interpret the Award and to make all other
determinations necessary or advisable for the proper administration of the arrangement reflected by this Award. The Committee’s
interpretations and determinations in this regard shall be final and binding on the Participant.

 

12.          Headings.
Paragraph headings used herein are for convenience of reference only and shall not be considered in construing this Award.

 

13.          Specific Performance.
In the event of any actual or threatened default in, or breach of, any of the terms, conditions, and provisions of this Award,
the party or parties who are thereby aggrieved shall have the right to specific performance and injunction in addition to any and
all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative.

 

14.          No Right to
Continued Service. Neither this Award nor the issuance of the Restricted Stock Units hereunder shall be construed as giving
Participant the right to continued service with the Company or any affiliate.

 

15.          Definitions.
Except as provided below, all capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Plan.
The following capitalized terms shall have the following meanings:

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(a)            “Change
in Control” have the same meaning as ascribed to said term under the Plan; provided, however, that (i) the event shall
have occurred after the Grant Date; and (ii) the event also constitutes: (1) “a change in the ownership of a corporation,
(2) “a change in the effective control of a corporation,” or (3) “a change in the ownership of a substantial
portion of a corporation’s assets,” each within the meaning of Code Section 409A.

 

(b)            “Disability”
means the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months.

 

(c)            “Separation
from Service” means a termination of the Participant’s service whereby the Participant has ceased to perform any
services, and it is reasonably anticipated that no future services will be performed as a member of the board of directors of the
Company and all affiliates that, together with the Company, constitute the “service recipient” within the meaning of
Code Section 409A (collectively, the “Service Recipient”); provided that if the Participant also provides services
as an employee to the Service Recipient, then whether a Separation from Service has occurred for purposes of the Award shall take
into consideration the plan aggregation rules under Treasury Regulations Section 1.409A-1(c)(2)(ii).

    	5

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