Document:

EX-10.12

 Exhibit 10.12 
 THE DOLAN COMPANY 
 2007 INCENTIVE COMPENSATION PLAN 

RESTRICTED STOCK AWARD 
 THE DOLAN COMPANY, a Delaware corporation (the “Company”), hereby grants to the director (the “Grantee”) of the Company to whom the Shares (as defined below) are granted
under The Dolan Company 2007 Incentive Compensation Plan (the “Plan”) an Award of the Granted Amount of shares of Restricted Stock (the “Shares”) on the Grant Date (the “Award Date”), pursuant to
and evidencing the grant thereof by the Committee all in accordance with and subject to the following terms and conditions. 

1. Restrictions. Subject to Paragraphs 5 and 9 below, the restrictions set forth in Paragraph 4 (the
“Restrictions”) on twenty-five percent (25%) of the Shares shall lapse and such Shares shall become vested and non-forfeitable commencing on the Award Date and each year anniversary thereafter (each anniversary, a
“Vesting Date”) until the third anniversary of the Award Date, at which time one hundred percent (100%) of the Shares shall be fully vested and non-forfeitable, provided that the Grantee remains a director of, or in the service
of, the Company during the entire period (the “Restriction Period”), commencing on the Award Date and ending on the applicable Vesting Date, such that: 
  

	 	a.	On the Award Date, the Restrictions on 25% of the Shares shall lapse and 25% of the total number of Shares shall be vested and non-forfeitable;

  

	 	b.	On the first anniversary of the Award Date, the Restrictions on an additional 25% of the Shares shall lapse and 50% of the total number of Shares shall be vested and
non-forfeitable; 

  

	 	c.	On the second anniversary of the Award Date, the Restrictions on an additional 25% of the Shares shall lapse and 75% of the total number of Shares shall be vested and
non-forfeitable; and 

  

	 	d.	On the third anniversary of the Award Date, the Restrictions on an additional 25% of the Shares shall lapse and 100% of the total number of Shares shall be vested and
non-forfeitable. 

 2. Voting and Dividend Rights. Upon issuance of the certificate or certificates for the
Shares (or electronic issuance of the Shares to a restricted stock book entry account maintained by the Company’s transfer agent) in the name of the Grantee, the Grantee shall thereupon be a stockholder with respect to all the Shares
represented by such certificate or certificates (or book entry account) and, subject to the Restrictions shall have the rights of a stockholder with respect to such Shares, including the right to vote such Shares and to receive all dividends and
other distributions paid with respect to such Shares. 
 3. Escrow. Upon issuance, the certificates for the Shares shall
be held in escrow by the Company (or restricted stock book entry accounts for electronic issuances of the Shares shall be maintained by the Company’s transfer agent) until, and to the extent, the Shares shall cease to be Restricted Stock
because such Shares have become non-forfeitable and vested hereunder, and the Grantee shall own such vested and non-forfeitable Shares free of all Restrictions otherwise imposed by this Agreement in accordance with Paragraph 1. Shares of Restricted
Stock, together with any assets or securities held in escrow hereunder, shall be (i) surrendered to the Company for cancellation upon forfeiture, if any, of such Shares of Restricted Stock by the Grantee hereunder or (ii) subject to the
provisions of Paragraph 1, released to the Grantee to the extent the Shares are no longer subject to any of the Restrictions otherwise imposed by this Agreement. 

 4. Transfer Restrictions; Forfeitures. The Award and the Shares (until they become
unrestricted pursuant to the terms hereof) are non-transferable and may not be assigned, pledged or hypothecated and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy
of any such process, the Award shall immediately become null and void and the Shares shall be forfeited. 
 5. Termination of
Service. In the event the Grantee incurs a Termination of Service for any reason, the Grantee will have such rights with respect to the Shares as are provided for in the Plan, as supplemented by the non-employee director compensation plan with
respect to Termination of Service after five years of service (except removal for cause). 
 6. Taxes. In general,
as Shares vest and the restrictions lapse, the Grantee receives ordinary income equal to the fair market value of the vested Shares as of the date of vesting, unless the Grantee elects within 30 days of the Award Date, to include in his or
her gross income for the year in which the Award Date occurs, the fair market value of the Shares at the Award Date (an “83(b) election”). A Grantee should consult his or her own tax advisor for information concerning the tax
consequences of the grant of an Award or lapse of restrictions with respect to the Shares. If the Grantee would like to execute an 83(b) election in connection with this Award, such Grantee should contact the Human Resources Department immediately.

 7. Withholding Taxes. No later than the date as of which an amount first becomes includible in the gross income of
the Grantee for Federal income tax purposes with respect to any Award under the Plan, the Grantee shall make arrangements regarding the payment of any Federal, state, local or foreign taxes of any kind required by law, with respect to such amount,
in accordance with Section 17 of the Plan. The obligations of the Company under the Plan shall be conditional on such arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment
otherwise due to the Grantee if required. A Grantee should consult his or her own tax advisor for more information concerning the tax consequences of the grant of an Award. 

8. Death of Grantee. In the event of the death of the Grantee, the Shares shall be registered in the name of the Beneficiary
designated by the Grantee according to the terms of the Plan. In the event that no Beneficiary has been designated, the Shares shall be registered in the name of the estate of the Grantee. 

9. Change in Control. Upon a Change in Control, the Grantee will have such rights with respect to the Shares as are provided for
in the Plan. 
 10. Effect of Amendment of Plan. No discontinuation, modification, or amendment of the Plan may, without
the express written consent of the Grantee, adversely affect the rights of the Grantee under this Award, except as expressly provided under the Plan. 

 This Agreement may be amended as provided under the Plan, but except as provided thereunder
any such amendment shall not adversely affect Grantee’s rights hereunder without Grantee’s consent. 
 11. No
Limitation on Rights of the Company. The grant of this Award shall not in any way affect the right or power of the Company to make adjustments, reclassifications, or changes in its capital or business structure or to merge, consolidate,
dissolve, liquidate, sell, or transfer all or any part of its business or assets. 
 12. Compliance with Applicable Law.
Notwithstanding anything herein to the contrary, the Company shall not be obligated to cause to be issued or delivered any certificates for Shares, unless and until the Company is advised by its counsel that the issuance and delivery of such
certificates is in compliance with all applicable laws, regulations of governmental authority, and the requirements of any exchange upon which Shares are traded. The Company may require, as a condition of the issuance and delivery of such
certificates and in order to ensure compliance with such laws, regulations, and requirements, that the Grantees make such covenants, agreements, and representations as the Company, in its sole discretion, considers necessary or desirable.

 13. Agreement Not a Contract of Employment or Other Relationship. This Agreement is not a contract of employment, and
the terms of employment of the Grantee or other relationship of the Grantee with the Company shall not be affected in any way by this Agreement except as specifically provided herein. The execution of this Agreement shall not be construed as
conferring any legal rights upon the Grantee for a continuation of an employment or other relationship with the Company, nor shall it interfere with the right of the Company to discharge the Grantee and to treat him or her without regard to the
effect which such treatment might have upon him or her as a Grantee. 
 14. Notices. Any notice or other communication
required or permitted hereunder shall be in writing and shall be delivered personally or sent by certified, registered, or express mail, postage prepaid, return receipt requested, or by a reputable overnight delivery service. Any such notice shall
be deemed given when received by the intended recipient. 
 15. Governing Law. Except to the extent preempted by Federal
law, this Agreement shall be construed and enforced in accordance with, and governed by, the laws of the State of Delaware without regard to the principles thereof relating to the conflicts of laws. 

16. Receipt of Plan. The Grantee acknowledges receipt of a copy of the Plan, and represents that the Grantee is familiar with the
terms and provisions thereof, and hereby accepts this Award subject to all the terms and provisions of this Agreement and of the Plan. The Award is granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference,
and the Award shall in all respects be interpreted in accordance with the Plan. The Committee shall interpret and construe the Plan and this Agreement, and its interpretation and determination shall be conclusive and binding upon the parties hereto
and any other person claiming an interest hereunder, with respect to any issue arising hereunder or thereunder. The Company may, in its sole discretion, decide to deliver any documents related to the Shares of Restricted Stock by electronic means
and Grantee hereby consents to receive such documents by electronic delivery. 

 17. Restrictive Covenants. In consideration of the premises, the mutual covenants of
the Company and the Grantee hereinafter set forth and other good and valuable consideration, including, but not limited to, the continued employment of the Grantee and the granting of the Award, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Grantee agree as follows 
 (a) Confidential Information. Other than in the performance
of his or her duties hereunder, while employed by the Company and thereafter, Grantee shall keep secret and retain in strictest confidence, and shall not, without the prior written consent of the Board, furnish, make available or disclose to any
third party or use for Grantee’s own benefit or the benefit of any third party, any Confidential Information. As used herein, “Confidential Information” shall mean any information relating to the business or affairs of the
Company, including, but not limited to, the Company’s products, servicing methods, development plans, costs, finances, marketing plans, equipment configurations, data, data bases, access or security codes or procedures, business opportunities,
names of customers, research and development, inventions, algorithms, know-how and ideas, and other proprietary information used by the Company in connection with its business; provided, however, that Confidential Information shall not include any
information which is in the public domain or becomes generally known in the industry other than as a result of Grantee’s breach of the covenant contained in this Paragraph 17(a) or the disclosure of which may be required by law or in a judicial
or administrative proceeding. Grantee acknowledges that the Confidential Information is vital, sensitive, confidential and proprietary to the Company. 
 (b) Non-Competition and Interference with Relationships. During service and for a period of twelve (12) months following the Termination of Service (as such term is defined in the Plan) of the
Grantee (the “Restricted Term”), Grantee shall not, directly or indirectly, alone or in combination with any other firm, partnership, company, corporation, person, or entity: 

(1) (i) engage in, participate in or otherwise assist (whether as an owner, officer, partner, principal, joint venturer, shareholder,
director, member, manager, investor, employee, agent, independent contractor, consultant or otherwise) any other person, entity or business (a “Competitor”) engaged in or planning to engage in the Business of the Company (as defined
below) or any Law Firm Competitor (as defined below) in any State of the United States of America or in any foreign country in which the Company or an affiliate or subsidiary of the Company is conducting such Business of the Company as of the date
of the Termination of Service (the “Restricted Territory”), unless (x) at the time of the proposed action by Grantee, the revenues of any such Competitor from a Business of the Company for the preceding fiscal year of such
Competitor constituted less than fifteen percent (15%) of the total revenues of such Competitor for such fiscal year, or (y) the sole action of Grantee with respect to a Competitor that is a publicly traded company consists of acquiring
not more than 1% of the outstanding shares of any class of securities of such Competitor; or (ii) solicit or encourage any customer or partner of the Company or its affiliates (determined as of the date of the Termination of Service) with which
Grantee had a business relationship during Grantee’s employment with the Company, to terminate or otherwise alter his, her or its relationship with the Company; or 

 (2) employ, retain or solicit or attempt to solicit for employment or retention as an
independent contractor, or otherwise attempt to hire or assist in the hiring of (or assist any other person or entity to take any such action regarding), any individual employed or engaged by the Company during the Restricted Term; or encourage,
induce, or persuade any such person to terminate his or her employment or other relationship with the Company. 
 For purposes
hereof, “Business of the Company” means (i) the “court and commercial” newspaper and/or “business journal” publishing business, or (ii) the business of providing mortgage default processing services
and/or appellate services to the legal profession or (iii) any additional business in which the Company becomes engaged or has actively and substantially implemented plans to become engaged as of the date of the Termination of Service; provided
that in the event any of the foregoing businesses are sold or are discontinued during the Restricted Period, the “Business of the Company” shall cease to include such sold or discontinued business as of the date of sale or discontinuation;
provided further that if the Company becomes re-engaged or implements plans to become re-engaged in any such sold or discontinued business, the “Business of the Company” shall again include such business. 

For purposes hereof, a “Law Firm Competitor” means any law firm that holds itself out the public as engaging primarily
in the practice of mortgage defaults, bankruptcy, credit and collection or as providing other similar legal services. 
 (c)
Non-Disparagement. While employed by the Company and thereafter, Grantee shall not make any statements or representations, or otherwise communicate, directly or indirectly, in writing, orally or otherwise, or take any action which may,
directly or indirectly, disparage or be damaging to the Company (including any of the Company’s subsidiaries, other affiliates, officers, directors, employees, partners or stockholders); provided that nothing in this Paragraph 17(c) shall
preclude Grantee from making truthful statements or disclosures that are required by applicable law, regulation or legal process. 
 (d) Severability. If any court of competent jurisdiction at any time deems the Restricted Term unreasonably lengthy, or the Restricted Territory unreasonably extensive, or any of the covenants set
forth in Paragraph 17 not fully enforceable, the other provisions of Paragraph 17, and this Agreement in general, will nevertheless stand and to the fullest extent consistent with law continue in full force and effect, and it is the intention and
desire of the parties that the court treat any provisions of Paragraph 17 which are not fully enforceable as having been modified to the extent deemed necessary by the court to render them reasonable and enforceable and that the court enforce them
to such extent (for example, that the Restricted Term be deemed to be the longest period permissible by law, but not in excess of the length provided for in Paragraph 17(b), and the Restricted Territory be deemed to comprise the largest territory
permissible by law under the circumstances, but not in excess of the territory provided for in Paragraph 17(b)). 

 (e) Remedies. Without waiving or otherwise limiting any rights or remedies which may
be available to the Company at law, in equity or otherwise, in the event that the Committee determines Grantee has breached any of the restrictive covenants set forth in this Paragraph 17 or any other restrictive covenant regarding engaging in
competitive activities, the solicitation of customers, partners or employees, making disparaging remarks regarding the Company or the disclosure or use of confidential information set forth in an agreement by and between Grantee and the Company,
including, but not limited to, any employment agreement, equity award agreement or restrictive covenant agreement, then (1) Grantee shall immediately forfeit any Shares owned by Grantee, and (2) the Company shall be entitled to a payment
from Grantee equal to the total consideration received by Grantee in connection with the sale, disposition, or transfer of any Shares previously owned by Grantee; provided, however, if Grantee disposes or otherwise transfers ownership of any Shares
for less than fair value consideration in exchange for such disposition or transfer (for example, a transfer for estate planning purposes), then the Company shall be entitled to payment from Grantee equal to the Fair Market Value of the Shares, as
measured on the date on which such Shares were disposed or transferred. 
 (f) No Conflict. This Section 17 shall be
read and interpreted in conjunction with any other restrictive covenant, noncompetition or other similar agreements to which the Grantee has executed in favor of the Company, as if all such agreements were one instrument. To the extent the terms of
this Section 17 and any such other agreement(s) conflict, this Section 17 and any such other agreement shall be construed in favor of the Company with the most restrictive terms surviving, subject to any severability provision contained in
this Section 17 or such agreements. 
 18. Stock Power/Power of Attorney. In the event a condition occurs under
which the Grantee forfeits the Shares or any portion thereof, the Grantee grants the chief executive officer or chief financial officer or either of them an irrevocable power of attorney to execute and deliver to the stock transfer agent, in the
name of Grantee, any stock powers or other transfer documents that the stock transfer agent may require in its discretion to transfer such Shares to the Company as a result of such forfeiture. 

19. Other Terms and Conditions. The foregoing does not modify or amend any terms of the Plan. To the extent any provisions of the
Agreement are inconsistent or in conflict with any terms or provisions of the Plan, the Plan shall govern. 
 20.
Definitions. “Express Desktop” shall mean the system which allows the Grantee to accept this award and agree to the terms and conditions of this Agreement electronically. Further, all other capitalized terms used, but not
otherwise defined herein, shall have the meanings ascribed to such terms in the Express Desktop system or the Plan, as applicable. “Company” shall mean The Dolan Company and its subsidiaries and affiliates. 

 IN WITNESS WHEREOF, this Agreement has been duly executed for all purposes as of the date
the Grantee has acknowledged this Grant by clicking “I accept this grant” at www.wealthviews.com. 
  

			
	The Dolan Company
		
	By:	 	 
	Name:	 	James P. Dolan
	Title:	 	President and CEO
	
	Grantee
	
	By clicking “I accept this grant” in the Express Desktop at www.wealthviews.com in connection with this Agreement, the Grantee acknowledges this Grant
and agrees to be bound by all terms and conditions of this Agreement, including the restrictive covenants set forth in Section 17 and the power of attorney granted to the Company in Section 18, and the Plan.EX-10.9

 EXHIBIT 10.9 

PENDRELL CORPORATION 
 STOCK OPTION GRANT NOTICE 
 (2012 EQUITY INCENTIVE PLAN) 
 Pendrell
Corporation (the “Company”), pursuant to its 2012 Equity Incentive Plan (the “Plan”), hereby grants to the option holder identified below (“You”) an option to
purchase the number of shares of the Company’s Class A Common Stock set forth below (the “Option”). The Option is subject to all of the terms and conditions set forth in this notice, in the Option Agreement and the
Plan, all of which are included with this notice. Capitalized terms used and not defined in this notice will have the same meanings as set forth in the Plan or the Option Agreement. 

Name: 
 Date of
Grant: 
 Vesting Commencement Date: 
 Number of Shares Subject to Option: 
 Exercise Price (Per Share): 

Expiration Date: 
  

			
	Type of Grant:	  	Nonstatutory Stock Option
		
	Vesting Schedule:	  	Unless you are party to an employment letter, employment agreement or similar agreement that provides you with more favorable vesting provisions (an “Employment
Agreement”), the Option will vest as follows, with vesting terminating upon termination of Continuous Service:

  

									
	 	 	 Years of Continuous Service From Vesting

Commencement Date
	 	 	  	 Portion of Option

That is Exercisable
	 	 

  

					
	Payment Upon
Exercise:	  	You must pay the full amount of the exercise price for the shares you wish to exercise. You may pay the exercise price in cash or by check, bank draft or money order
payable to the Company or through any “same-day-sale,” “net exercise,” “cashless exercise” or similar program in effect at the time of exercise for option holders generally, with the acknowledgment that the Company has
no obligation to offer, maintain or continue such programs.

 Additional Terms/Acknowledgements: You acknowledge receipt of this notice, and understand and agree that your
Option is subject to this notice, the Option Agreement, the Plan and, if applicable, your Employment Agreement. You acknowledge and agree that this notice and the Option Agreement may not be modified, amended or revised except as provided in the
Plan. You further acknowledge that as of the Date of Grant, this notice, the Option Agreement, the Plan and your Employment Agreement (if applicable) set forth the entire understanding between You and the Company regarding the Option and supersede
all prior oral and written agreements, promises and/or representations on that subject. By accepting the Option, you consent to receive such documents by electronic delivery, including the Plan prospectus relating to the registration of the shares
issuable upon the exercise of the Option, 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. 

 

					
	PENDRELL CORPORATION	 		 	YOU:
			
	By:                             
                                         
                          	 		 	  
		 		 	Signature

  
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 PENDRELL CORPORATION 

2012 EQUITY INCENTIVE PLAN 

OPTION AGREEMENT 
 (NONSTATUTORY STOCK OPTION) 

In consideration of your services, Pendrell Corporation (the “Company”) has granted you an option under its
2012 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Class A Common Stock indicated in your Stock Option Grant Notice (the “Grant Notice”) that
accompanied this Option Agreement (the “Option Agreement”) at the exercise price indicated in your Grant Notice. The option is granted to you effective as of the date of grant set forth in the Grant Notice (the
“Date of Grant”). Capitalized terms used and not defined in this Option Agreement will have the meanings given to them in the Plan. 
 The details of your option, in addition to those set forth in the Grant Notice and the Plan, are as follows: 
 1 VESTING. Subject to any acceleration provisions, rights and limitations contained in your Employment Agreement (as defined in the Grant Notice), your option will vest as provided
in your Grant Notice. Upon termination of Continuous Service, the vesting of your option will terminate (after taking into account any vesting acceleration provisions in your Employment Agreement). 

2. NUMBER OF SHARES AND EXERCISE PRICE.
The number of shares of Class A Common Stock subject to your option and your exercise price per share may be adjusted from time to time for Capitalization Adjustments, as provided in the Plan. 

3. EXERCISE RESTRICTION FOR NON-EXEMPT
EMPLOYEES. If you are an Employee eligible for overtime compensation (that is, a “Non-Exempt Employee”), and except as otherwise provided in the Plan, you may not exercise your option until you have
completed at least six (6) months of Continuous Service measured from the Date of Grant, even if you have already been an employee for more than six (6) months. You may exercise your option as to any vested portion prior to such six
(6) month anniversary in the case of (i) your death or disability, (ii) a Corporate Transaction in which your option is not assumed, continued or substituted, (iii) a Change in Control or (iv) your termination of Continuous
Service on your “retirement” (as defined in the Company’s benefit plans). 
 4. METHOD
OF PAYMENT. You must pay the full amount of the exercise price for the shares you wish to exercise. You may pay the exercise price in cash or by check, bank draft or money order payable to the Company or through any
“same-day-sale,” “net exercise,” “cashless exercise” or similar program in effect at the time of exercise for option holders generally, with the acknowledgment that the Company has no obligation to offer, maintain or
continue such programs. 
 5. WHOLE SHARES. You may exercise your option only for whole
shares of Class A Common Stock. 
 6. SECURITIES LAW COMPLIANCE. You
may exercise your vested options and the Company will issue shares of Class A Common Stock pursuant to such exercise so long as: (i) the shares of Class A Common Stock issuable upon such exercise are then registered under the
Securities Act, or (ii) if not registered, the Company has determined that such exercise and the issuance of the shares would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with
all other applicable laws and regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations. 

  
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 7. TERM. You may exercise your vested option after the Date of Grant
and before the expiration of the option’s term. The term of your option expires, subject to the provisions of Section 5(h) of the Plan and your Employment Agreement (if applicable), upon the earliest of the following: 

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

(b) three (3) months after the termination of your Continuous Service for any reason other than Cause, your Disability or
your death (except as otherwise provided in Section 7(d) below); provided, however, that if during any part of such three (3) month period your option is not exercisable because of the condition set forth in the section above
relating to “Securities Law Compliance,” or because of restrictions that may apply to such exercise under the Company’s insider trading policy, your option will not expire until the earlier of the Expiration Date or until it has been
exercisable for an aggregate period of three (3) months after the termination of your Continuous Service. Notwithstanding the foregoing, if (i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates within six
(6) months after the Date of Grant, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option will not expire until the earlier of (x) the later of (A) the date that
is seven (7) months after the Date of Grant, and (B) the date that is three (3) months after the termination of your Continuous Service, and (y) the Expiration Date; 

(c) twelve (12) months after the termination of your Continuous Service due to your Disability (except as otherwise provided
in Section 7(d)) below; 
 (d) twelve (12) months after your death if you die either during your Continuous
Service or within three (3) months after your Continuous Service terminates for any reason other than Cause; 
 (e)
the Expiration Date indicated in your Grant Notice; or 
 (f) the day before the tenth (10th) anniversary of the
Date of Grant. 
 8. EXERCISE. You may exercise the vested portion of your option during its term by
(i) delivering a Notice of Exercise (in a form designated by the Company) or completing such other documents and procedures designated by the Company for exercise, and (ii) paying the exercise price and any applicable withholding taxes to
the Company, together with such additional documents as the Company may then require. 
 9.
TRANSFERABILITY. Your Option is not transferable, except by will or by the applicable laws of descent and distribution, and is exercisable during your lifetime only by you. 

Upon receiving written permission from the Board or the Plan Administrator, you may, by delivering written notice to the Company, in a
form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option and receive the Class A Common Stock or other
consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Class A Common Stock or other
consideration resulting from such exercise. 

  
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 10. OPTION NOT A SERVICE
CONTRACT. Nothing in this Option Agreement, the Plan or any covenant of good faith and fair dealing that may be found implicit in this Option Agreement or the Plan shall: (i) confer upon you any right to continue in the
employ of, or affiliation with, the Company or an Affiliate; (ii) constitute any promise or commitment by the Company or an Affiliate regarding the fact or nature of future positions, future work assignments, future compensation or any other
term or condition of employment or affiliation; (iii) confer any right or benefit unless such right or benefit has specifically accrued under the terms of your Employment Agreement, this Option Agreement or Plan; or (iv) alter the
Company’s right to terminate you at will and without regard to any future vesting opportunity that you may have. 
 By
accepting this option, you acknowledge and agree that the right to continue vesting in the option pursuant to the schedule set forth in Section 1 is earned only by continuing as an employee, director or consultant at the will of the Company
(not through the act of being hired, being granted this option or any other award or benefit) and that the Company has the right to reorganize, sell, spin-out or otherwise restructure one or more of its businesses or Affiliates at any time or from
time to time, as it deems appropriate (a “reorganization”). You further acknowledge and agree that a reorganization could result in the termination of your Continuous Service, or the termination of Affiliate status of
your employer and the loss of benefits available to you under this Option Agreement, including but not limited to, the termination of the right to continue vesting in the option. You further acknowledge and agree that this Option Agreement, the
Plan, the transactions contemplated hereunder and the vesting schedule set forth herein or any covenant of good faith and fair dealing that may be found implicit in any of them do not constitute an express or implied promise of continued engagement
as an employee or consultant for the term of this Option Agreement. 
 11. Withholding Obligations. 

(a) As a condition to any exercise of your option, the Company may require you to enter into an arrangement providing for the
payment by you to the Company of any tax withholding obligation of the Company arising by reason of (i) the exercise of your option, (ii) the lapse of any substantial risk of forfeiture to which the shares of Class A Common Stock are
subject at the time of exercise, or (iii) the disposition of shares of Class A Common Stock acquired upon such exercise. 
 (b) You hereby authorize the Company to withhold from payroll or any other amounts payable to you, and otherwise agree to make adequate provision for, any sums required to satisfy the federal,
state, local and foreign tax withholding obligations of the Company or its designated Affiliate (the “Withholding Tax”), if any, which arise in connection with the exercise of your option. 

(c) Unless the Withholding Tax obligations of the Company and any Affiliates are satisfied, you may not be able to exercise your
option when desired even though your option is vested, and the Company will have no obligation to issue a certificate for such shares of Class A Common Stock unless such obligations are satisfied. 

12. TAX CONSEQUENCES. The Company has no duty or obligation to minimize the tax
consequences to you of the option and will not be liable to you for any adverse tax consequences to you arising in connection with the option. 
 13. NOTICES. Any notices provided for in your option or the Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case
of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in its sole discretion, decide to
deliver any documents related to participation in the Plan and this option by 

  
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electronic means or to request your consent to participate in the Plan by electronic means. By accepting this option, you consent to receive such 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. 
 14. GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your option,
and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. If there is any conflict between the provisions of your option and those of the Plan, the
provisions of the Plan will control. In addition, your option (and any compensation paid or shares issued under your option) is subject to recoupment in accordance with The Dodd–Frank Wall Street Reform and Consumer Protection Act and any
implementing regulations thereunder, any clawback policy adopted by the Company and any compensation recovery policy otherwise required by applicable law. 
 15. OTHER DOCUMENTS. You acknowledge receipt of the Company’s policy permitting certain individuals to sell shares only during certain “window” periods
and the Company’s insider trading policy, in effect from time to time. 
 16. EFFECT ON
OTHER EMPLOYEE BENEFIT PLANS. The value of your option will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any
employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee
benefit plans. 
 17. VOTING RIGHTS. You will not have voting or any other rights as a
shareholder of the Company with respect to the shares to be issued pursuant to your option until such shares are issued to you. Upon such issuance, you will obtain full voting and other rights as a shareholder of the Company. Nothing contained in
your option, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person. 

18. SEVERABILITY. If all or 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 shall, 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. 

19. MISCELLANEOUS. 
 (a) The rights and obligations of the Company under your option will be transferable to any one or more persons or entities, and all covenants and agreements hereunder will inure to the benefit of,
and be enforceable by the Company’s successors and assigns. 
 (b) You agree upon request to execute any further
documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of your option. 
 (c) You acknowledge and agree that you have reviewed your option in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your option, and fully
understand all provisions of your option. 

  
 -5-

 (d) This Option Agreement will be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 (e)
All obligations of the Company under the Plan and this Option Agreement will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise,
of all or substantially all of the business and/or assets of the Company. 

*        *        * 

This Option Agreement will be deemed to be signed by you upon the signing by you of the Stock Option Grant Notice to which it is
attached. 

  
 -6-

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