Document:

Exhibit
10.2

 

KIDPIK
CORP.

GLOBAL
RSU AWARD GRANT NOTICE

(First
Amended and Restated 2021 EQUITY INCENTIVE PLAN)

 

Kidpik
Corp. (the “Company”) has awarded to you (the “Participant”) the number
of restricted stock units specified and on the terms set forth below (the “RSU Award”). Your RSU Award
is subject to all of the terms and conditions as set forth herein and in the Company’s First Amended and Restated 2021 Equity Incentive
Plan (the “Plan”) and the Global RSU Award Agreement, including any additional terms and conditions
for your country set forth in the appendix thereto (the “Appendix” and, together with the Global RSU
Award Agreement, the “Agreement”), all of which are incorporated herein in their entirety. Capitalized
terms not explicitly defined herein but defined in the Plan or the Agreement shall have the meanings set forth in the Plan or the Agreement,
as applicable.

 

	Participant:	 	[                       ]
	 	 
	Date
    of Grant:	 	November
    10, 2021
	 	 
	Vesting
    Commencement Date:	 	November
    15, 2021
	 	 
	Number
    of Restricted Stock Units:	 	[                       ]
	 	 

 

	Vesting
    Schedule:	 	The
    Restricted Stock Units vest at the rate of (i) 1/3 of such Restricted Stock Units on May 15, 2022 (six months from the Vesting Commencement
    Date); (ii) 1/3 on May 15, 2023 (eighteen months from the Vesting Commencement Date); and (iii) 1/3 on May 15, 2024 (thirty months
    from the Vesting Commencement Date). 
	 	 	Notwithstanding
    the foregoing, except as set forth in Section 7 of the Agreement, vesting shall terminate upon the Participant’s termination
    of Continuous Service, as described in Section 6(l) of the Agreement. 
	 	 
	Issuance
    Schedule:	 	One
    share of Common Stock will be issued for each restricted stock unit which vests at the time set forth in Section 5 of the Agreement.

 

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

 

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

 

	 	● 	You
    have read and are familiar with the provisions of the Plan, the RSU Award Agreement and to the extent the Plan and/or the Common
    Stock issuable pursuant to this Agreement are registered under the Securities Act, the document containing the Plan information specified
    in Section 10(a) of the Securities Act (“Prospectus”). In the event of any conflict between the
    provisions in the RSU Award Agreement, or the Prospectus and the terms of the Plan, the terms of the Plan shall control.

 

	 	● 	The
    RSU Award Agreement sets forth the entire understanding between you and the Company regarding the acquisition of Common Stock and
    supersedes all prior oral and written agreements, promises and/or representations on that subject with the exception of: (i) other
    equity awards previously granted to you, and (ii) any written employment agreement, offer letter, severance agreement, written severance
    plan or policy, or other written agreement between the Company and you in each case that specifies the terms that should govern this
    RSU Award, and (iii) any clawback policy that the Company is required to adopt pursuant to the listing standards of any national
    securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank
    Wall Street Reform and Consumer Protection Act or other Applicable Law, and any clawback policy that the Company otherwise adopts,
    to the extent applicable and permissible under Applicable Law.

 

	KIDPIK
    CORP.	Participant:

 

	By:		 	By:	
	 	 	 	 	 
	Title:	 	 	Date:	 
	 	 	 	 	 
	Date:		 	 	 

 

    	 

    	 

    

 

KIDPIK
CORP.

2021
Equity Incentive Plan

 

Global
RSU Award Agreement

 

As
reflected by your Global RSU Award Grant Notice (“Grant Notice”), Kidpik Corp. (the “Company”)
has granted you an RSU Award under its First Amended and Restated 2021 Equity Incentive Plan (the “Plan”)
for the number of restricted stock units as indicated in your Grant Notice (the “RSU Award”). The terms
of your RSU Award as specified in this Global RSU Award Agreement for your RSU Award, including any additional terms and conditions for
your country set forth in the appendix hereto (the “Appendix” and, together with the Global RSU Award
Agreement, the “Agreement”) and the Grant Notice constitute your “RSU Award Agreement”.
Defined terms not explicitly defined in this Agreement but defined in the Grant Notice or the Plan shall have the same definitions as
in the Grant Notice or Plan, as applicable.

 

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

 

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

 

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

 

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

 

4.
Responsibility for Taxes.

 

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

 

(b)
The Company shall be entitled to withhold the amount of applicable Tax Liability due in any manner provided in Section 8 of
the Plan, including, at your election, by having the Company withhold shares of Common Stock from the shares of Common Stock issued or
otherwise issuable to you in connection with the Award, with such shares of Common Stock having a value equal to the Tax Liability due.
Such shares of Common Stock which are withheld shall be valued at their Fair Market Value as of the date on which the amount of tax to
be withheld is determined. Fractional share amounts shall be settled in cash. Such a withholding election may be made by you with respect
to all or any portion of the shares of Common Stock to be delivered pursuant to the Restricted Stock Units.

 

    	 

    	 

    

 

(c)
The Company and/or the Service Recipient may withhold or account for your Tax Liability by considering statutory withholding amounts
or other withholding rates applicable in your jurisdiction(s), including (i) maximum applicable rates in your jurisdiction(s). In the
event of over-withholding, you may receive a refund of any over-withheld amount in cash from the Company or the Service Recipient (with
no entitlement to the Common Stock equivalent), or if not refunded, you may seek a refund from the local tax authorities. In the event
of under-withholding, you may be required to pay any Tax Liability directly to the applicable tax authority or to the Company and/or
the Service Recipient. If the Tax Liability withholding obligation is satisfied by withholding shares of Common Stock, for tax purposes,
you are deemed to have been issued the full number of shares of Common Stock subject to the vested portion of the RSU Award, notwithstanding
that a number of the shares of Common Stock is held back solely for the purpose of paying such Tax Liability.

 

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

 

5.
Date of  Issuance.

 

(a)
The issuance of shares in respect of the Restricted Stock Units is intended to comply with U.S. Treasury Regulations Section 1.409A-1(b)(4)
and will be construed and administered in such a manner. Subject to the satisfaction of the Tax Liability withholding obligation, if
any, in the event one or more Restricted Stock Units vests, the Company shall issue to you one (1) share of Common Stock for each vested
Restricted Stock Unit on the applicable vesting date. Each issuance date determined by this paragraph is referred to as an “Original
Issuance Date.”

 

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

 

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

 

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

 

    	 

    	 

    

 

6.
Nature of Grant. In accepting the RSU Award, you acknowledge, understand and agree that:

 

(a)
the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time, to the extent permitted by the Plan;

 

(b)
the grant of the RSU Award is exceptional, voluntary and occasional and does not create any contractual or other right to receive
future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted
in the past;

 

(c)
all decisions with respect to future RSU Awards or other grants, if any, will be at the sole discretion of the Company;

 

(d)
the RSU Award and your participation in the Plan shall not create a right to employment or other service relationship with the Company;

 

(e)
the RSU Award and your participation in the Plan shall not be interpreted as forming or amending an employment or service contract
with the Company or the Service Recipient, and shall not interfere with the ability of the Company or the Service Recipient, as applicable,
to terminate your Continuous Service (if any);

 

(f)
you are voluntarily participating in the Plan;

 

(g)
the RSU Award and the shares of Common Stock subject to the RSU Award, and the income from and value of same, are not intended to
replace any pension rights or compensation;

 

(h)
the RSU Award and the shares of Common Stock subject to the RSU Award, and the income from and value of same, are not part of normal
or expected compensation for purposes of, including but not limited to, calculating any severance, resignation, termination, redundancy,
dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar payments;

 

(i)
unless otherwise agreed with the Company in writing, the RSU Award and the shares of Common Stock subject to the RSU Award, and the
income from and value of same, are not granted as consideration for, or in connection with, the service you may provide as a director
of an Affiliate;

 

(j)
the future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty;

 

(k)
no claim or entitlement to compensation or damages shall arise from forfeiture of the RSU Award resulting from the termination of
your Continuous Service (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction
where you are providing service or the terms of your employment or other service agreement, if any);

 

(l)
except as set forth herein, for purposes of the RSU Award, your Continuous Service will be considered terminated as of the date you
are no longer actively providing services to the Company or any Affiliate (regardless of the reason for such termination and whether
or not later found to be invalid or in breach of employment laws in the jurisdiction where you are providing service or the terms of
your employment or other service agreement, if any), and such date will not be extended by any notice period (e.g., your period
of Continuous Service would not include any contractual notice period or any period of “garden leave” or similar
period mandated under employment laws in the jurisdiction where you are providing service or the terms of your employment or other service
agreement, if any); the Board or Compensation Committee shall have the exclusive discretion to determine when you are no longer actively
providing services for purposes of your RSU Award (including whether you may still be considered to be providing services while on a
leave of absence); and

 

(m)
neither the Company nor the Service Recipient shall be liable for any foreign exchange rate fluctuation between your local currency
and the United States Dollar that may affect the value of the Restricted Stock Units or of any amounts due to you pursuant to the settlement
of the RSU Award or the subsequent sale of any shares of Common Stock acquired upon settlement.

 

    	 

    	 

    

 

7.
Accelerated Vesting and Settlement. The Restricted Stock Units shall immediately vest
to you in full (a) upon a Change in Control (as defined in the Plan); (b) if you are an employee of the Company and your employment with
the Company is Involuntarily Terminated (as defined below); or (c) in the event your Continuous
Service terminates due to death or Disability, the RSU Award (including, without limitation, the Restricted Stock Units attributable
to a Capitalization Adjustment) shall immediately and fully vest and become nonforfeitable effective as of the date of the termination
of your Continuous Service due to your death or Disability, and such RSU Award shall be
settled as soon as practicable (but in no event more than 30 days) following the date of your termination of Continuous
Service due to death or Disability, as applicable. “Involuntary Termination” shall mean your
termination without Cause (as defined in the Plan) as well as any instance of Constructive Termination. For this purpose, a “Constructive
Termination” shall occur when you resign within ninety (90) days following the end of the Cure Period (as defined below)
as a result of the occurrence of any of the following without your written consent: (i) a material reduction in the your base salary,
relative to the your base salary as in effect immediately prior to such reduction, occurs, or (ii) a material diminution of your authority,
duties, or responsibilities, relative to your authority, duties, or responsibilities in effect immediately prior to such reduction occurs;
provided, however, that you must provide written notice to the Board of Directors of the Company (the “Board”)
of the condition that could constitute a “Constructive Termination” event within ninety (90) days of
the initial existence of such condition and such condition must not have been remedied by the Company within thirty (30) days (the “Cure
Period”) of such written notice. Notwithstanding the foregoing, the Board or Compensation Committee reserves the right,
to the extent the Board or Compensation Committee deems necessary or advisable in its sole discretion, to unilaterally amend or modify
the vesting acceleration provisions described above to ensure that the Restricted Stock Units are made in a manner that qualifies for
exemption from or compliance with Section 409A of the Internal Revenue Code of 1986, as amended.

 

8.
Transferability. Except as otherwise provided in the Plan, your RSU Award is not transferable,
except by will or by the applicable laws of descent and distribution

 

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

 

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

 

11. No
Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any
recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying shares of Common Stock. You
should consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any
action related to the Plan.

 

12. Governing
Law and Venue. The RSU Award and the provisions of this Agreement are governed by, and construed in accordance with, the
internal laws of the State of Delaware, without regard to the conflict of law principles that would result in any application of any
law other than the law of the State of Delaware. For purposes of any action, lawsuit or other proceedings brought to enforce this
Agreement, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of
the courts of the State of Delaware, and no other courts, where this grant is made and/or to be performed.

 

13.
Severability. If any part of this Agreement or the Plan is declared by any court or
governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or
the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful
or invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the
fullest extent possible while remaining lawful and valid.

 

14. Compliance
with Law. Notwithstanding any other provision of the Plan or this Agreement, unless there is an exemption from any
registration, qualification or other legal requirement applicable to the shares of Common Stock, the Company shall not be required
to deliver any shares issuable upon settlement of the Restricted Stock Units prior to the completion of any registration or
qualification of the shares under any local, state, federal or foreign securities or exchange control law or under rulings or
regulations of the U.S. Securities and Exchange Commission (“SEC”) or of any other governmental regulatory
body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which
registration, qualification or approval the Company shall, in its absolute discretion, deem necessary or advisable. You understand
that the Company is under no obligation to register or qualify the shares with the SEC or any state or foreign securities commission
or to seek approval or clearance from any governmental authority for the issuance or sale of the shares. Further, you agree that the
Company shall have unilateral authority to amend the Agreement without your consent to the extent necessary to comply with
securities or other laws applicable to issuance of shares of Common Stock.

 

    	 

    	 

    

 

15.
Language. You acknowledge that you are proficient in the English language, or have
consulted with an advisor who is proficient in the English language, so as to enable you to understand the provisions of this Agreement
and the Plan. If you have received this Agreement or any other document related to the Plan translated into a language other than English
and if the meaning of the translated version is different than the English version, the English version will control.

 

16. Electronic
Delivery and Participation. The Company may, in its sole discretion, decide to deliver any documents related to current
or future participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and
agree 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.

 

17.
Severability. The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless
be binding and enforceable.

 

18.
Appendix. Notwithstanding any provisions in this Global RSU Award Agreement, the RSU
Award shall be subject to any additional terms and conditions set forth in any Appendix for your country. Moreover, if you relocate to
one of the countries included in the Appendix, the additional terms and conditions for such country will apply to you, to the extent
the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.
The Appendix constitutes part of this Agreement.

 

19. Imposition
of Other Requirement. The Company reserves the right to impose other requirements on your participation in the Plan,
on the RSU and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or
advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.

 

20.
Waiver. You acknowledge that a waiver by the Company of breach of any provision of
this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by
you or any other participant.

 

21. Insider
Trading/Market Abuse. You acknowledge that, depending on your or your broker’s country or where the Company shares
are listed, you may be subject to insider trading restrictions and/or market abuse laws which may affect your ability to accept,
acquire, sell or otherwise dispose of shares of Common Stock, rights to shares (e.g., Restricted Stock Units) or rights
linked to the value of shares (e.g., phantom awards, futures) during such times you are considered to have
“inside information” regarding the Company as defined in the laws or regulations in the applicable
jurisdictions). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you placed before
you possessed inside information. Furthermore, you could be prohibited from (i) disclosing the inside information to any third party
(other than on a “need to know” basis) and (ii) “tipping” third parties or
causing them otherwise to buy or sell securities. Keep in mind third parties includes fellow employees. Any restrictions under these
laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading
policy of the Company. You are responsible for complying with any restrictions and should speak to your personal advisor on this
matter.

 

22. Exchange
Control, Foreign Asset/Account and/or Tax Reporting. Depending upon the country to which laws you are subject, you may
have certain foreign asset/account and/or tax reporting requirements that may affect your ability to acquire or hold shares of
Common Stock under the Plan or cash received from participating in the Plan (including from any dividends or sale proceeds arising
from the sale of shares of Common Stock) in a brokerage or bank account outside your country of residence. Your country may require
that you report such accounts, assets or transactions to the applicable authorities in your country. You also may be required to
repatriate cash received from participating in the Plan to your country within a certain period of time after receipt. You are
responsible for knowledge of and compliance with any such regulations and should speak with your personal tax, legal and financial
advisors regarding same.

 

23. Other
Documents. To the extent the Plan and/or the Common Stock issuable pursuant to this Agreement are registered under the
Securities Act, you hereby acknowledge receipt of or the right to receive a document providing the information required by Rule
428(b)(1) promulgated under the Securities Act, which includes the Prospectus.

 

24.
Questions. If you have questions regarding these or any other terms and conditions
applicable to your RSU Award, including a summary of the applicable federal income tax consequences please contact the Company’s
Secretary, or to the extent the Plan and/or the Common Stock issuable pursuant to this Agreement are registered under the Securities
Act, see the Prospectus.

 

    	 

    	 

    

 

KIDPIK
CORP.

First
Amended and Restated 2021 Equity
Incentive Plan

 

Appendix

to
Global RSU Award Agreement

 

Terms
and Conditions

 

This
Appendix forms part of the Agreement and includes additional terms and conditions that govern the RSU Award granted to you under the
Plan if you reside and/or work in one of the jurisdictions listed below. Capitalized terms used but not defined in this Appendix have
the meanings set forth in the Plan and/or in the Global RSU Award Agreement.

 

If
you are a citizen or resident (or are considered as such for local law purposes) of a country other than the country in which you are
currently residing and/or working, or if you relocate to another country after the grant of the RSU Award, the Company shall, in its
discretion, determine to what extent the additional terms and conditions contained herein shall be applicable to you.

 

Notifications

 

This
Appendix may also include information regarding exchange controls and certain other issues of which you should be aware with respect
to participation in the Plan. The information is based on the securities, exchange control, and other laws in effect in the respective
countries as of November 10, 2021. Such laws are often complex and change frequently. As a result, you should not rely on the information
in this Appendix as the only source of information relating to the consequences of your participation in the Plan because the information
may be out of date at the time you vest in the Restricted Stock Units, acquire shares of Common Stock, or sell shares of Common Stock
acquired under the Plan.

 

In
addition, the information contained below is general in nature and may not apply to your particular situation. You should seek appropriate
professional advice as to how the relevant laws in your country may apply to your situation.

 

If
you are a citizen or resident (or are considered as such for local law purposes) of a country other than the country in which you are
currently residing and/or working, or if you relocate to another country after the grant of the RSU Award, the notifications herein may
not apply to you in the same manner.Exhibit 4.1

  

  

  

  
    SECOND SUPPLEMENTAL INDENTURE

    

    

    SECOND SUPPLEMENTAL INDENTURE, (this “Second Supplemental Indenture”) dated
      as of November 15, 2021, by and among Olin Corporation, a Virginia corporation (“Issuer”), and U.S. Bank National Association, as Trustee under the Indenture referred to
      below.

    

    

    W I T N E S S E T H:

    

    

    WHEREAS, each of the Issuer and the Trustee have heretofore executed and delivered an indenture dated as of May 19, 2020 (as amended, supplemented,
      waived or otherwise modified through the date hereof, the “Indenture”), providing for the issuance on such date of an aggregate principal amount of $500,000,000 of 9.500%
      Senior Notes due 2025 (the “Notes”) of the Issuer;

    

    

    WHEREAS, pursuant to Section 9.2 of the Indenture, subject to certain
      exceptions inapplicable hereto, the Issuer and the Trustee may, with the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Notes (the “Requisite

          Consent”), enter into a supplemental indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture applicable to the Notes or modifying in any manner the rights of
      the Holders under the Indenture, including the definitions therein, with respect to the Notes;

    

    

    WHEREAS, upon the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated as of November 1, 2021
      (as amended or supplemented from time to time, the “Consent Solicitation Statement”), the Issuer has solicited consents (the “Consent Solicitation”) of the Holders to certain proposed amendments to the Indenture requiring the Requisite Consent of Holders and to the execution of this Second Supplemental Indenture, as described in more
      detail in the Consent Solicitation Statement, and the Issuer has now obtained the Requisite Consent of such Holders (and the No Proration Condition (as defined in the Consent Solicitation Statement) is satisfied as of the date hereof), and, as such,
      this Second Supplemental Indenture, the amendments set forth herein and the Trustee’s entry into this Second Supplemental Indenture are authorized pursuant to Section 9.2
      of the Indenture;

    

    

    WHEREAS, the Issuer has heretofore delivered or is delivering contemporaneously herewith to the Trustee an Officers’ Certificate and the Opinion of
      Counsel described in Sections 9.5, 12.2 and 12.3 of the Indenture; and

    

    

    WHEREAS, all conditions necessary to authorize the execution and delivery of this Second Supplemental Indenture and to make this Second Supplemental
      Indenture valid and binding have been complied with or have been done or performed.

    

    

    NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer
      and the Trustee mutually covenant and agree for the benefit of the Trustee and the Holders of the Notes as follows:

    

    

    
      
        

    

    

    

    

    

    ARTICLE I

    

    

    DEFINITIONS

    

    

    SECTION 1.1.          Defined Terms.  As used in this Second Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined.  The
        words “herein,” “hereof” and “hereby” and other words of similar import used in this Second Supplemental Indenture refer to this Second Supplemental Indenture as a whole and not to any particular section hereof.

    

    

    ARTICLE II

    

    

    AMENDMENTS TO THE INDENTURE

    

    

    SECTION 2.1.          Amendments to the Indenture.

    

    

    (a)          Amendments to Article 3.  The Indenture is hereby amended by deleting the title and text of the following Sections of Article
            3 of the Indenture, each in its entirety, and inserting in lieu thereof the word “[Reserved.]” after each such section number:  Section 3.2 (Limitations on Liens); Section 3.3 (Limitation on Sale and Lease-Back Transactions); Section
        3.4 (Future Guarantees); and Section 3.5 (Change of Control Repurchase Event);  Section 3.6 (Reports).

    

    

    (b)          Amendments to Section 4.1.  The Indenture is hereby amended by deleting the title and text of Section 4.1 (Merger and Consolidation) in its entirety, and inserting in lieu thereof the word
        “[Reserved.]” after such section number.

    

    

    (c)          Amendments to Section 6.1.  Section 6.1(a) of the Indenture is hereby amended by deleting the text of clauses (3) and (4) therein, each in its entirety, and inserting in lieu thereof the word
        “[Reserved.]” after each such clause number.

    

    

    (d)          Amendments to Section 8.4.  Section 8.4 of the Indenture is hereby amended by deleting the text of clauses (4) and (5) therein, each in its entirety, and inserting in lieu thereof the word
        “[Reserved.]” after each such clause number.

    

    

    SECTION 2.2.          Conforming Changes; Deletions of Definitions.

    

    

    (a)          Any and all references
        to the sections, subsections, clauses and paragraphs of the Indenture referred to in Sections 2.1(a), 2.1(b), 2.1(c) and 2.1(d) of this Second Supplemental Indenture, or the text thereof, and any and all obligations thereunder, are hereby deleted
        in their entirety (i) throughout the Indenture and the Notes, and the same shall be of no further force and effect, and (ii) in the Table of Contents to the Indenture and replaced with the word “[Reserved.].”

    

    

    (b)          Section 1.1
        (Definitions) of the Indenture is hereby amended by deleting from such Section those terms and their respective definitions and section references that, by virtue of the amendments set forth in Sections 2.1(a), 2.1(b), 2.1(c), 2.1(d) and 2.2(a) of
        this Second Supplemental Indenture, are no longer used in the Indenture or the Notes as amended hereby, and by deleting all references throughout the Indenture and the Notes to such defined terms and section references.

    

    

    
      
        

    

    

    

    

    

    ARTICLE III

    

    

    MISCELLANEOUS

    

    

    SECTION 3.1.          Notices.  All notices and other communications shall be given as provided in the Indenture.

    

    

    SECTION 3.2.          Parties.  Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or
        equitable right, remedy or claim under or in respect of this Second Supplemental Indenture or the Indenture or any provision herein or therein contained.

    

    

    SECTION 3.3.          Governing Law.  This Second Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

    

    

    SECTION 3.4.          Severability.  In case any provision in this Second Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
        remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

    

    

    SECTION 3.5.          Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
        terms, conditions and provisions thereof shall remain in full force and effect.  This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered
        shall be bound hereby.

    

    

    SECTION 3.6.          The Trustee.  The Trustee makes no representation or warranty as to the validity or sufficiency of this Second Supplemental Indenture or with respect to the recitals contained
        herein, all of which recitals are made solely by the other parties hereto.

    

    

    SECTION 3.7.          Counterparts.  The parties hereto may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together
        represent the same agreement.  The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or other electronic transmission shall constitute effective execution and delivery of this Second Supplemental Indenture
        as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or other electronic transmission shall be deemed to be their original
        signatures for all purposes.

    

    

    SECTION 3.8.          Headings.  The headings of the Articles and the Sections in this Second Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect
        the meaning or interpretation of any provisions hereof.

    

    

    
      
        

    

    

    

    

    

    SECTION 3.9.          Effect and Operation of this Supplemental Indenture.  This Second Supplemental Indenture shall be effective upon its execution and delivery by the Issuer and the Trustee.
        Notwithstanding the foregoing sentence, this Second Supplemental Indenture shall become operative automatically in respect of all the Notes only upon, and simultaneously with, and shall have no force and effect until, the Issuer pays the aggregate
        consideration due and payable in respect of any Notes accepted for purchase as of the Early Tender Deadline (as defined in the Consent Solicitation Statement).

    

    

    [Signature on following pages]

    

    

    
      
        

    

    

    

    IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first above written.

    

    

    
      
        

    

    

    

    
      	 	OLIN CORPORATION,	 
	 	 	 	 
	 	 	 	 
	

            	
              By: 

            	/s/ Teresa M. Vermillion

            	 
	 	 	Name:  Teresa M. Vermillion  	 
	 	 	Title:    Vice President & Treasurer

            	 
	 	 	 	 

    

    

    

    

    
      
        

    

    

    

    

    

    
      	 	
              U.S. BANK NATIONAL ASSOCIATION,

              as Trustee 

            	 
	 	 	 	 
	 	 	 	 
	
              

              

            	
              By: 

            	/s/ Joshua A. Hahn

            	 
	 	 	Name:   Joshua A. Hahn 	 
	 	 	Title:     Vice President

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