Document:

Exhibit 10.6.1

 

	FLUENCE ENERGY, INC.

  2021 INCENTIVE AWARD PLAN

 

RESTRICTED STOCK
Unit Grant Notice

 

Capitalized terms not specifically
defined in this Restricted Stock Unit Grant Notice (the “Grant Notice”) have the meanings given to them in the
2021 Incentive Award Plan (as amended from time to time, the “Plan”) of Fluence Energy, Inc. (the “Company”).

 

The Company has granted to
the participant listed below (“Participant”) the Restricted Stock Units described in this Grant Notice (the
 “RSUs”), subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement attached as
Exhibit A (the “Agreement”), both of which are incorporated into this Grant Notice by reference.

 

	Participant:	 
	Grant Date:	 
	Number of RSUs:	 
	Vesting Commencement Date:	 
	Vesting Schedule:	[To be specified in individual grant notices]
	 	 

 

[Withholding Tax Election:
By accepting this Award electronically through the Plan service provider’s online grant acceptance policy, the Participant
understands and agrees that as a condition of the grant of the RSUs hereunder, the Participant is required to, and hereby affirmatively
elects to (the “Sell to Cover Election”), (1) sell that number of Shares determined in accordance with Section
3.2 of the Agreement as may be necessary to satisfy all applicable withholding obligations with respect to any taxable event arising
in connection with the RSUs, and (2) to allow the Agent (as defined in the Agreement) to remit the cash proceeds of such sale(s) to the
Company. Furthermore, the Participant directs the Company to make a cash payment equal to the required tax withholding from the cash
proceeds of such sale(s) directly to the appropriate taxing authorities. The Participant has carefully reviewed Section 3.2
of the Agreement and the Participant hereby represents and warrants that on the date hereof he or she is not aware of any material, nonpublic
information with respect to the Company or any securities of the Company, is not subject to any legal, regulatory or contractual restriction
that would prevent the Agent from conducting sales, does not have, and will not attempt to exercise, authority, influence or control
over any sales of Shares effected by the Agent pursuant to the Agreement, and is entering into the Agreement and this election to “sell
to cover” in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 (regarding trading of the
Company’s securities on the basis of material nonpublic information) under the Securities Exchange Act of 1934, as amended (the
 “Exchange Act”). It is the Participant’s intent that this election to “sell to cover” comply with
the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to comply with the requirements of Rule 10b5-1(c)
under the Exchange Act.]

 

By Participant’s
signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement. Participant has
reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement.
Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any
questions arising under the Plan, this Grant Notice or the Agreement.

 

     

     

    

 

	FLUENCE ENERGY, INC.	 	PARTICIPANT
	 	 	 
	By:		 	
	Name: 		 	[Participant Name]
	Title:		 	 	 

 

    2 

     

    

 

Exhibit A

 

RESTRICTED STOCK
UNIT AGREEMENT

 

Capitalized terms not specifically
defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan.

 

Article
I.

general

 

1.1           Award
of RSUs.

 

(a)               
The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant
Date”). Each RSU represents the right to receive one Share or, at the option of the Company, an amount of cash, in either
case, as set forth in this Agreement. Participant will have no right to the distribution of any Shares or payment of any cash until the
time (if ever) the RSUs have vested.

 

1.2           Incorporation
of Terms of Plan. The RSUs are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated
herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control.

 

1.3            Unsecured
Promise. The RSUs  will at all times prior to settlement represent an unsecured Company obligation payable
only from the Company’s general assets.

 

Article
II.

VESTING; forfeiture AND SETTLEMENT

 

2.1           Vesting;
Forfeiture. The RSUs will vest according to the vesting schedule in the Grant Notice except that any fraction of an RSU that would
otherwise be vested will be accumulated and will vest only when a whole RSU has accumulated. In the event of Participant’s Termination
of Service for any reason, all unvested RSUs will immediately and automatically be cancelled and forfeited, except as otherwise determined
by the Administrator or provided in a binding written agreement between Participant and the Company. 

 

2.2           Settlement.

 

(a)               
RSUs will be paid in Shares or cash, at the Company’s option, as soon as administratively practicable after the vesting
of the applicable RSU, but in no event more than sixty (60) days after the RSU’s vesting date. Notwithstanding the foregoing, the
Company may delay any payment under this Agreement that the Company reasonably determines would violate Applicable Law until the earliest
date the Company reasonably determines the making of the payment will not cause such a violation (in accordance with Treasury Regulation
Section 1.409A-2(b)(7)(ii)), provided the Company reasonably believes the delay will not result in the imposition of excise taxes under
Section 409A.

 

    

     

    

 

(b)               
If an RSU is paid in cash, the amount of cash paid with respect to the RSU will equal the Fair Market Value of a Share on the day
immediately preceding the payment date. 

 

Article
III.

TAXATION AND TAX WITHHOLDING

 

3.1          Representation.
Participant represents to the Company that Participant has reviewed with Participant’s own tax advisors the tax consequences of
this Award and the transactions contemplated by the Grant Notice and this Agreement. Participant is relying solely on such advisors and
not on any statements or representations of the Company or any of its agents.

 

3.2           Tax
Withholding. Notwithstanding any other provision of this Agreement:

 

(a)               
[As set forth in Section 9.5 of the Plan, the Company shall have the authority and the right to deduct or withhold, or to require
the Participant to remit to the Company, an amount sufficient to satisfy all applicable federal, state and local taxes required by law
to be withheld with respect to any taxable event arising in connection with the RSUs. In satisfaction of such tax withholding obligations
and in accordance with the Sell to Cover Election included in the Grant Notice, the Participant has irrevocably elected to sell the portion
of the Shares to be delivered under the RSUs necessary so as to satisfy the tax withholding obligations and shall execute any letter of
instruction or agreement required by the Company’s transfer agent (together with any other party the Company determines necessary
to execute the Sell to Cover Election, the “Agent”) to cause the Agent to irrevocably commit to forward the proceeds
necessary to satisfy the tax withholding obligations directly to the Company and/or its Affiliates. Notwithstanding any other provision
of this Agreement, the Company shall not be obligated to deliver any new certificate representing Shares to the Participant or the Participant’s
legal representative or enter such Shares in book entry form unless and until the Participant or the Participant’s legal representative
shall have paid or otherwise satisfied in full the amount of all federal, state and local taxes applicable to the taxable income of the
Participant resulting from the grant or vesting of the RSUs or the issuance of Shares. In accordance with Participant’s Sell to
Cover Election pursuant to the Grant Notice, the Participant hereby acknowledges and agrees:

 

(i)          
The Participant hereby appoints the Agent as the Participant’s agent and authorizes the Agent to (1) sell on the open market
at the then prevailing market price(s), on the Participant’s behalf, as soon as practicable on or after the Shares are issued upon
the vesting of the RSUs, that number (rounded up to the next whole number) of the Shares so issued necessary to generate proceeds to cover
(x) any tax withholding obligations incurred with respect to such vesting or issuance and (y) all applicable fees and commissions due
to, or required to be collected by, the Agent with respect thereto and (2) apply any remaining funds to the Participant’s federal
tax withholding.

 

(ii)         The
Participant hereby authorizes the Company and the Agent to cooperate and communicate with one another to determine the number of
Shares that must be sold pursuant to subsection (i) above.

 

    A-2 

     

    

 

(iii)      
The Participant understands that the Agent may effect sales as provided in subsection (i) above in one or more sales and that the
average price for executions resulting from bunched orders will be assigned to the Participant’s account. In addition, the Participant
acknowledges that it may not be possible to sell Shares as provided by subsection (i) above due to (1) a legal or contractual restriction
applicable to the Participant or the Agent, (2) a market disruption, or (3) rules governing order execution priority on the national exchange
where the Shares may be traded. The Participant further agrees and acknowledges that in the event the sale of Shares would result in material
adverse harm to the Company, as determined by the Company in its sole discretion, the Company may instruct the Agent not to sell Shares
as provided by subsection (i) above. In the event of the Agent’s inability to sell Shares, the Participant will continue to be responsible
for the timely payment to the Company and/or its Affiliates of all federal, state, local and foreign taxes that are required by applicable
laws and regulations to be withheld, including but not limited to those amounts specified in subsection (i) above.

 

(iv)       
The Participant acknowledges that regardless of any other term or condition of this Section 3.2(a), the Agent will not be
liable to the Participant for (1) special, indirect, punitive, exemplary, or consequential damages, or incidental losses or damages of
any kind, or (2) any failure to perform or for any delay in performance that results from a cause or circumstance that is beyond its reasonable
control.

 

(v)         
The Participant hereby agrees to execute and deliver to the Agent any other agreements or documents as the Agent reasonably deems
necessary or appropriate to carry out the purposes and intent of this Section 3.2(a). The Agent is a third-party beneficiary of
this Section 3.2(a).

 

(vi)       
This Section 3.2(a) shall terminate not later than the date on which all tax withholding obligations arising in connection
with the vesting or settlement of the Award have been satisfied.

 

(b)               
The Company shall not be obligated to deliver any certificate representing Shares issuable with respect to the RSUs to, or to cause
any such Shares to be held in book-entry form by, Participant or his or her legal representative unless and until Participant or his or
her legal representative shall have paid or otherwise satisfied in full the amount of all federal, state, local and foreign taxes applicable
with respect to the taxable income of Participant resulting from the vesting or settlement of the RSUs or any other taxable event related
to the RSUs.

 

(c)               
Participant is ultimately liable and responsible for all taxes owed in connection with the RSUs, regardless of any action the
Company or any Affiliate takes with respect to any tax withholding obligations that arise in connection with the RSUs. Neither the Company
or any Affiliate makes any representation or undertaking regarding the treatment of any tax withholding in connection with the awarding,
vesting or settlement of the RSUs or the subsequent sale of Shares. The Company or any Affiliate does not commit and are under no obligation
to structure the RSUs to reduce or eliminate Participant’s tax liability.]

 

(a)                [The
Company and its Affiliates have the authority to deduct or withhold,
or require Participant to remit to the Company or any Affiliate, an amount sufficient to satisfy any applicable federal,
state, local and foreign taxes (including the employee portion of any FICA obligation) required by Applicable Law to be withheld
with respect to any taxable event arising pursuant to this Agreement. The Company or any of its Affiliates may withhold or
Participant may make such payment in one or more of the forms specified below:

 

    A-3 

     

    

 

(i)          
by cash or check made payable to the Company or any of its Affiliates with respect to which the withholding obligation arises;

 

(ii)        
by the deduction of such amount from other compensation payable to Participant;

 

(iii)      
with respect to any withholding taxes arising in connection with the vesting or settlement of the RSUs, with the consent of the
Administrator, by requesting that the Company withhold a net number of vested shares of Stock otherwise issuable pursuant to the RSUs
having a then current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the Company or any
of its Affiliates based on the maximum statutory withholding rates in Participant’s applicable jurisdictions for federal, state,
local and foreign income tax and payroll tax purposes that are applicable to such taxable income;

 

(iv)       
with respect to any withholding taxes arising in connection with the vesting or settlement of the RSUs, with the consent of the
Administrator, by tendering to the Company vested shares of Stock having a then current Fair Market Value not exceeding the amount necessary
to satisfy the withholding obligation of the Company or any of its Affiliates based on the maximum statutory withholding rates in Participant’s
applicable jurisdictions for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such taxable
income;

 

(v)         
with respect to any withholding taxes arising in connection with the vesting or settlement of the RSUs, through the delivery of
a notice that Participant has placed a market sell order with a broker acceptable to the Company with respect to shares of Stock then
issuable to Participant pursuant to the RSUs, and that the broker has been directed to pay a sufficient portion of the net proceeds of
the sale to the Company or any of its Affiliates with respect to which the withholding obligation arises in satisfaction of such withholding
taxes; provided that payment of such proceeds is then made to the applicable Company or any of its Affiliates at such time as may
be required by the Administrator, but in any event not later than the settlement of such sale; or

 

(vi)       
in any combination of the foregoing.

 

(b)               
With respect to any withholding taxes arising in connection with the RSUs, in the event Participant fails to provide timely payment
of all sums required pursuant to Section 3.2(a), the Company shall have the right and option, but not the obligation, to treat
such failure as an election by Participant to satisfy all or any portion of Participant’s required payment obligation pursuant to
Section 3.2(a)(ii) or Section 3.2(a)(iii) above, or any combination of the foregoing as the Company may determine
to be appropriate. The Company shall not be obligated to deliver any certificate representing shares of Stock issuable with respect to
the RSUs to Participant or his or her legal representative unless and until Participant or his or her legal representative shall have
paid or otherwise satisfied in full the amount of all federal, state, local and foreign taxes applicable with respect to the taxable income
of Participant resulting from the vesting or settlement of the RSUs or any other taxable event related to the RSUs.

 

    A-4 

     

    

 

(c)                In
the event any tax withholding obligation arising in connection with the RSUs will be satisfied under Section 3.2(a)(iii), then
the Company may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on
Participant’s behalf a whole number of shares from those shares of Stock then issuable to Participant pursuant to the RSUs as
the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the tax withholding obligation and to remit
the proceeds of such sale to the Participating Company with respect to which the withholding obligation arises. Participant’s
acceptance of this Award constitutes Participant’s instruction and authorization to the Company and such brokerage firm to
complete the transactions described in this Section 3.2(c), including the transactions described in the previous
sentence, as applicable. The Company may refuse to issue any shares of
Stock in settlement of the RSUs to Participant until the foregoing tax withholding obligations are satisfied, provided that no
payment shall be delayed under this Section 2.5(c) if such delay will result in a violation of Section 409A of the Code.

 

(d)               
Participant is ultimately liable and responsible for all taxes owed in connection with the RSUs, regardless of any action Company
or any of its Affiliates takes with respect to any tax withholding obligations that arise in connection with the RSUs. Neither Company
or any of its Affiliates makes any representation or undertaking regarding the treatment of any tax withholding in connection with the
awarding, vesting or payment of the RSUs or the subsequent sale of Shares. The Company or any of its Affiliates does not commit and are
under no obligation to structure the RSUs to reduce or eliminate Participant’s tax liability.]

 

Article
IV.

other provisions

 

4.1          Adjustments.
Participant acknowledges that the RSUs, the Shares subject to the RSUs  are subject to adjustment, modification
and termination in certain events as provided in this Agreement and the Plan.

 

4.2           Notices.
Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the Company in care of the
Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address or facsimile number.
Any notice to be given under the terms of this Agreement to Participant must be in writing and addressed to Participant at Participant’s
last known mailing address, email address or facsimile number in the Company’s personnel files. By a notice given pursuant to this
Section, either party may designate a different address for notices to be given to that party. Any notice will be deemed duly given when
actually received, when sent by email, when sent by certified mail (return receipt requested) and deposited with postage prepaid in a
post office or branch post office regularly maintained by the United States Postal Service, when delivered by a nationally recognized
express shipping company or upon receipt of a facsimile transmission confirmation.

 

4.3           Titles.
Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 

4.4           Conformity
to Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent
necessary with all Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary to conform to Applicable
Laws.

 

4.5           Successors
and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement will
inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in the Plan, this
Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the
parties hereto.

 

    A-5 

     

    

 

4.6           Limitations
Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to
Section 16 of the Exchange Act, the Plan, the Grant Notice, this Agreement, the RSUs and the Dividend Equivalents will be subject to
any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to
Rule 16b-3) that are requirements for the application of such exemptive rule. To the extent Applicable Laws permit, this Agreement will
be deemed amended as necessary to conform to such applicable exemptive rule.

 

4.7           Entire
Agreement. The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties
and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter
hereof.

 

4.8           Agreement
Severable. In the event that any provision of the Grant Notice or this Agreement is held illegal or invalid, the provision will be
severable from, and the illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions
of the Grant Notice or this Agreement.

 

4.9           Limitation
on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement
creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust.
Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general unsecured
creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs,
and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreement.

 

4.10         Not
a Contract of Employment. Nothing in the Plan, the Grant Notice or this Agreement confers upon Participant any right to continue
in the employ or service of the Company or any Affiliate or interferes with or restricts in any way the rights of the Company and its
Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason
whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Company or an
Affiliate and Participant.

 

4.11         Counterparts.
The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to Applicable Law,
each of which will be deemed an original and all of which together will constitute one instrument.

 

4.12         Electronic
Signature and Delivery. By accepting this Agreement, the Participant consents to the electronic delivery of prospectuses, annual
reports and other information required to be delivered by the U.S. Securities and Exchange Commission rules. Without limiting the foregoing,
the Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic
means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through
an online or electronic system established and maintained by the Company or a third party designated by the Company.

 

4.13          Section
409A. The RSUs are intended to be exempt from, or compliant with, Section 409A of the Code. Notwithstanding the foregoing or any
provision of the Plan or this Agreement, if any provision of the Plan or this Agreement contravenes Section 409A of the Code or could
cause the Participant to incur any tax, interest or penalties under Section 409A of the Code, the Administrator may, in its sole discretion
and without the Participant’s consent, modify such provision to (i) comply with, or avoid being subject to, Section 409A of the
Code, or to avoid the incurrence of taxes, interest and penalties under Section 409A of the Code, and/or (iii) maintain, to the maximum
extent practicable, the original interest and economic benefit to the Participant of the applicable provision without materially increasing
the cost to the Company or contravening the provisions of Section 409A of the Code. This Section 4.13 does not create an obligation on
the part of the Company to modify the Plan or this Agreement and does not guarantee that the RSUs will not be subject to interest and
penalties under Section 409A of the Code.

 

    A-6 

     

    

 

4.14         Clawback.
The RSUs shall at all times be subject to any clawback or similar policy or program established by the Company, as may be amended
from time to time (a “Clawback Policy”). In addition (and without limiting the Company’s rights and the Participant’s
obligations under any Clawback Policy), to the extent required by applicable law or the rules and regulations of the Nasdaq Global Market
or any other securities exchange or interdealer quotation on which the Common Stock is listed or quote, the RSUs shall be subject (including
on a retroactive basis) to clawback, forfeiture or similar requirements (and such requirements shall be deemed incorporated by reference
into this Agreement).

 

* * * * *

 

    A-7Exhibit 10.6.2

 

	FLUENCE ENERGY, INC.

  2021 INCENTIVE AWARD PLAN

 

RESTRICTED STOCK
Unit Grant Notice

 

Capitalized terms not specifically
defined in this Restricted Stock Unit Grant Notice (the “Grant Notice”) have the meanings given to them in the
2021 Incentive Award Plan (as amended from time to time, the “Plan”) of Fluence Energy, Inc. (the “Company”).

 

The Company has granted to
the participant listed below (“Participant”) the Restricted Stock Units described in this Grant Notice (the
 “RSUs”), subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement attached as
Exhibit A (the “Agreement”), both of which are incorporated into this Grant Notice by reference.

 

	Participant:	 
	Grant Date:	 
	Number of RSUs:	 
	Vesting Commencement Date:	 
	Vesting Schedule:	  

By Participant’s signature
below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement. Participant has reviewed the Plan,
this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this
Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement. Participant hereby agrees to accept
as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this
Grant Notice or the Agreement.

 

    

    

    

 

	FLUENCE ENERGY, INC.	 	PARTICIPANT
	 	 	 
	By:		 	
	Name: 		 	[Participant Name]
	Title:		 	 	 

 

    2

    

    

 

Exhibit A

 

RESTRICTED STOCK
UNIT AGREEMENT

 

Capitalized terms not specifically
defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan.

 

Article
I.

general

 

1.1              
Award of RSUs.

 

(a)               The
Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant Date”).
Each RSU represents the right to receive one Share or, at the option of the Company, an amount of cash, in either case, as set forth
in this Agreement. Participant will have no right to the distribution of any Shares or payment of any cash until the time (if ever) the
RSUs have vested.

 

1.2              Incorporation
of Terms of Plan. The RSUs are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated
herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control.

 

1.3              Unsecured
Promise. The RSUs  will at all times prior to settlement represent an unsecured Company obligation payable
only from the Company’s general assets.

 

Article
II.

VESTING; forfeiture AND SETTLEMENT

 

2.1              Vesting;
Forfeiture. The RSUs will vest according to the vesting schedule in the Grant Notice except that any fraction of an RSU that would
otherwise be vested will be accumulated and will vest only when a whole RSU has accumulated. In the event of Participant’s Termination
of Service for any reason, all unvested RSUs will immediately and automatically be cancelled and forfeited, except as otherwise determined
by the Administrator or provided in a binding written agreement between Participant and the Company.

 

    

    

    

 

2.2              
Settlement.

 

(a)               RSUs
 will be paid in Shares or cash, at the Company’s option,
as soon as administratively practicable after the vesting of the applicable RSU, but in no event more than sixty (60) days after the
RSU’s vesting date. Notwithstanding the foregoing, the Company may delay any payment under this Agreement that the Company reasonably
determines would violate Applicable Law until the earliest date the Company reasonably determines the making of the payment will not
cause such a violation (in accordance with Treasury Regulation Section 1.409A-2(b)(7)(ii)), provided the Company reasonably believes
the delay will not result in the imposition of excise taxes under Section 409A.

 

(b)               If
an RSU is paid in cash, the amount of cash paid with respect to the RSU will equal the Fair Market Value of a Share on the day immediately
preceding the payment date. 

 

Article
III.

TAXATION AND TAX WITHHOLDING

 

3.1               Representation.
Participant represents to the Company that Participant has reviewed with Participant’s own tax advisors the tax consequences of
this Award and the transactions contemplated by the Grant Notice and this Agreement. Participant is relying solely on such advisors and
not on any statements or representations of the Company or any of its agents.

 

3.2              
Tax Withholding.

 

(a)               The
provisions of Section 9.5 of the Plan are incorporated herein by reference and made a part hereof. Participant represents to the
Company that Participant has reviewed with Participant’s own tax advisors the tax consequences of this Award and the transactions
contemplated by the Grant Notice and this Agreement. Participant is relying solely on such advisors and not on any statements or representations
of the Company or any of its employees, agents or representatives.

 

(b)               Participant
acknowledges that Participant is ultimately liable and responsible for all taxes owed in connection with the RSUs
regardless of any action the Company or any Affiliate takes with respect to any tax withholding obligations that arise in connection
with the RSUs  Neither the Company nor any Affiliate makes any representation or undertaking regarding the treatment
of any tax withholding in connection with the awarding, vesting or payment of the RSUs or the subsequent
sale of Shares. The Company and the Affiliates do not commit and are under no obligation to structure the RSUs
to reduce or eliminate Participant’s tax liability.

 

Article
IV.

other provisions

 

4.1              Adjustments.
Participant acknowledges that the RSUs, the Shares subject to the RSUs  are subject to adjustment, modification
and termination in certain events as provided in this Agreement and the Plan.

 

4.2               Notices.
Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the Company in care of
the Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address or
facsimile number. Any notice to be given under the terms of this Agreement to Participant must be in writing and addressed to
Participant at Participant’s last known mailing address, email address or facsimile number in the Company’s personnel
files. By a notice given pursuant to this Section, either party may designate a different address for notices to be given to that
party. Any notice will be deemed duly given when actually received, when sent by email, when sent by certified mail (return receipt
requested) and deposited with postage prepaid in a post office or branch post office regularly maintained by the United States
Postal Service, when delivered by a nationally recognized express shipping company or upon receipt of a facsimile transmission
confirmation.

 

    A-2

    

    

 

4.3              Titles.
Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 

4.4              Conformity
to Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent
necessary with all Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary to conform to Applicable
Laws.

 

4.5              Successors
and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement will
inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in the Plan, this
Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the
parties hereto.

 

4.6              Limitations
Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to
Section 16 of the Exchange Act, the Plan, the Grant Notice, this Agreement, the RSUs  will be subject to
any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to
Rule 16b-3) that are requirements for the application of such exemptive rule. To the extent Applicable Laws permit, this Agreement will
be deemed amended as necessary to conform to such applicable exemptive rule.

 

4.7              Entire
Agreement. The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties
and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter
hereof.

 

4.8              Agreement
Severable. In the event that any provision of the Grant Notice or this Agreement is held illegal or invalid, the provision will be
severable from, and the illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions
of the Grant Notice or this Agreement.

 

4.9              Limitation
on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement
creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust.
Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general unsecured
creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs as and when settled pursuant to the terms of this Agreement.

 

4.10            Not
a Contract of Employment. Nothing in the Plan, the Grant Notice or this Agreement confers upon Participant any right to continue
in the employ or service of the Company or any Affiliate or interferes with or restricts in any way the rights of the Company and its
Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason
whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Company or an
Affiliate and Participant.

 

    A-3

    

    

 

4.11            Counterparts.
The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to Applicable Law,
each of which will be deemed an original and all of which together will constitute one instrument.

 

4.12            Electronic
Signature and Delivery. By accepting this Agreement, the Participant consents to the electronic delivery of prospectuses, annual
reports and other information required to be delivered by the U.S. Securities and Exchange Commission rules. Without limiting the foregoing,
the Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic
means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through
an online or electronic system established and maintained by the Company or a third party designated by the Company.

 

4.13            Section
409A. The RSUs are intended to be exempt from, or compliant with, Section 409A of the Code. Notwithstanding the foregoing or any
provision of the Plan or this Agreement, if any provision of the Plan or this Agreement contravenes Section 409A of the Code or could
cause the Participant to incur any tax, interest or penalties under Section 409A of the Code, the Administrator may, in its sole discretion
and without the Participant’s consent, modify such provision to (i) comply with, or avoid being subject to, Section 409A of the
Code, or to avoid the incurrence of taxes, interest and penalties under Section 409A of the Code, and/or (iii) maintain, to the maximum
extent practicable, the original interest and economic benefit to the Participant of the applicable provision without materially increasing
the cost to the Company or contravening the provisions of Section 409A of the Code. This Section 4.13 does not create an obligation on
the part of the Company to modify the Plan or this Agreement and does not guarantee that the RSUs will not be subject to interest and
penalties under Section 409A of the Code.

 

4.14            Clawback.
The RSUs shall at all times be subject to any clawback or similar policy or program established by the Company, as may be amended
from time to time (a “Clawback Policy”). In addition (and without limiting the Company’s rights and the Participant’s
obligations under any Clawback Policy), to the extent required by applicable law or the rules and regulations of the Nasdaq Global Market
or any other securities exchange or interdealer quotation on which the Common Stock is listed or quote, the RSUs shall be subject (including
on a retroactive basis) to clawback, forfeiture or similar requirements (and such requirements shall be deemed incorporated by reference
into this Agreement).

 

* * * * *

 

    A-4

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