Document:

Exhibit 10.37

STAAR
Surgical Company

amended and restated OMNIBUS EQUITY Incentive PLAN

RESTRICTED STOCK UNIT AWARD
GRANT NOTICE

 

Staar Surgical Company,
a Delaware corporation, (the “Company”), pursuant to its Amended and Restated Omnibus
Equity Incentive Plan, as amended from time to time (the “Plan”), hereby grants to the holder
listed below (the “Participant”), an award of restricted stock units (“Restricted Stock Units”
or “RSUs”). Each vested Restricted Stock Unit represents the right to receive, in accordance
with the Restricted Stock Unit Award Agreement attached hereto as Exhibit A (the “Agreement”),
one share of Common Stock (“Share”). This award of Restricted Stock Units is subject to all of the terms
and conditions set forth herein and in the Agreement and the Plan, each of which are incorporated herein by reference. Unless otherwise
defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Unit Award Grant Notice
(the “Grant Notice”) and the Agreement. A Prospectus regarding the Stock is available at https://sites.google.com/a/staar.com/staar-intranet/home.

 

	Participant:	 
	 	 
	Grant Date:	 
	 	 
	Total Number of RSUs:	 
	 	 
	Vesting Commencement Date:	 
	 	 
	Vesting Schedule: 
	 
	 	 
	Termination:	If the Participant experiences a Termination of Service prior to the applicable vesting date, all RSUs that have not become vested on or prior to the date of such Termination of Service (after taking into consideration any vesting that may occur in connection with such Termination of Service, if any) will thereupon be automatically forfeited by the Participant without payment of any consideration therefor.  

 

By his or her signature
and the Company’s signature below, the Participant agrees to be bound by the terms and conditions of the Plan, the Agreement
and this Grant Notice. The Participant has reviewed the Agreement, the Plan and this Grant Notice 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 this Grant
Notice, the Agreement and the Plan. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations
of the Committee upon any questions arising under the Plan, this Grant Notice or the Agreement. In addition, by signing below,
the Participant also agrees that the Company, in its sole discretion, may satisfy any withholding obligations in accordance with
Section 2.6(b) of the Agreement by (i) withholding shares of Common Stock otherwise issuable to the Participant upon vesting of
the RSUs, (ii) instructing a broker on the Participant’s behalf to sell shares of Common Stock otherwise issuable to the
Participant upon vesting of the RSUs and submit the proceeds of such sale to the Company, or (iii) using any other method permitted
by Section 2.6(b) of the Agreement or the Plan.

 

	STAAR SURGICAL COMPANY:	 	PARTICIPANT:
	 	 	 	 	 
	By:	 	 	By:	 
	Print Name:	 	 	Print Name:	 
	Title:	 	 	 	 
	Address:	 	 	Address:	 
	 	 	 	 	 

 

    	 	 	 

     

    

 

 

EXHIBIT A

TO RESTRICTED STOCK UNIT AWARD
GRANT NOTICE

 

RESTRICTED STOCK UNIT AWARD
AGREEMENT

 

Pursuant to the Restricted
Stock Unit Award Grant Notice (the “Grant Notice”) to which this Restricted Stock Unit Award Agreement
(this “Agreement”) is attached, STAAR Surgical Company, a Delaware corporation (the “Company”),
has granted to the Participant an award of restricted stock units (“Restricted Stock Units” or
“RSUs”) under the Company’s Amended and Restated Omnibus
Equity Incentive Plan, as amended from time to time (the “Plan”). Each vested Restricted Stock
Unit represents the right to receive one share of Common Stock (“Share”) to purchase the number of Shares
indicated in the Grant Notice. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan
and Grant Notice.

 

ARTICLE
I.

 

GENERAL

 

1.1        Incorporation
of Terms of Plan. The RSUs are subject to the terms and conditions of the Plan, which are incorporated herein by reference.
In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

 

ARTICLE
II.

 

GRANT
OF RESTRICTED STOCK UNITS

 

2.1        Grant
of RSUs. Pursuant to the Grant Notice and upon the terms and conditions set forth in the Plan and this Agreement, effective
as of the Grant Date set forth in the Grant Notice, the Company hereby grants to the Participant an award of RSUs under the Plan
in consideration of the Participant’s past and/or continued employment with or service to the Company or any Affiliates and
for other good and valuable consideration.

 

2.2        Unsecured
Obligation to RSUs. Unless and until the RSUs have vested in the manner set forth in Article 2 hereof, the Participant will
have no right to receive Common Stock under any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent
an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

 

2.3        Vesting
Schedule. Subject to Section 2.5 hereof, the RSUs shall vest and become nonforfeitable with respect to the applicable portion
thereof according to the vesting schedule set forth in the Grant Notice (rounding down to the nearest whole Share).

 

2.4        Consideration
to the Company. In consideration of the grant of the award of RSUs pursuant hereto, the Participant agrees to render faithful
and efficient services to the Company or any Affiliate.

 

2.5        Forfeiture,
Termination and Cancellation upon Termination of Service. Notwithstanding any contrary provision of this Agreement or the Plan,
upon the Participant’s Termination of Service for any or no reason, all Restricted Stock Units which have not vested prior
to or in connection with such Termination of Service shall thereupon automatically be forfeited, terminated and cancelled as of
the applicable termination date without payment of any consideration by the Company, and the Participant, or the Participant’s
beneficiary or personal representative, as the case may be, shall have no further rights hereunder. No portion of the RSUs which
has not become vested as of the date on which the Participant incurs a termination of Service shall thereafter become vested.

 

    	 	 	 

     

    

 

2.6        Issuance
of Common Stock upon Vesting.

 

(a)        As soon as
administratively practicable following the vesting of any Restricted Stock Units pursuant to Section 2.3 hereof, but in no event
later than thirty (30) days after such vesting date (for the avoidance of doubt, this deadline is intended to comply with the “short
term deferral” exemption from Section 409A of the Code), the Company shall deliver to the Participant (or any transferee
permitted under Section 3.2 hereof) a number of Shares (either by delivering one or more certificates for such Shares or by entering
such Shares in book entry form, as determined by the Company in its sole discretion) equal to the number of RSUs subject to this
Award that vest on the applicable vesting date, unless such RSUs terminate prior to the given vesting date pursuant to Section
2.5 hereof. Notwithstanding the foregoing, in the event Shares cannot be issued pursuant to Section 11.4 of the Plan, the Shares
shall be issued pursuant to the preceding sentence as soon as administratively practicable after the Committee determines that
Shares can again be issued in accordance with such Section.

 

(b)        As set forth
in Section 11.2 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 Restricted Stock Units. 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 Restricted Stock Units or the issuance of Shares.

 

2.7        Conditions
to Delivery of Shares. The Shares deliverable hereunder may be either previously authorized but unissued Shares, treasury Shares
or issued Shares which have then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company
shall not be required to issue or deliver any certificates or make any book entries evidencing Shares deliverable hereunder prior
to fulfillment of the conditions set forth in Section 11.2 of the Plan.

 

2.8        Rights
as Stockholder. The holder of the RSUs shall not be, nor have any of the rights or privileges of, a stockholder of the Company,
including, without limitation, voting rights and rights to dividends, in respect of the RSUs and any Shares underlying the RSUs
and deliverable hereunder unless and until such Shares shall have been issued by the Company and held of record by such holder
(as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment
shall be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided
in Section 13.2 of the Plan.

 

ARTICLE
III.

 

OTHER PROVISIONS

 

3.1        Administration.
The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and
all interpretations and determinations made by the Committee in good faith shall be final and binding upon the Participant, the
Company and all other interested persons. No member of the Committee or the Board shall be personally liable for any action, determination
or interpretation made in good faith with respect to the Plan, this Agreement or the RSUs.

 

    	 	 	 

     

    

 

3.2        Grant
is Not Transferable. During the lifetime of the Participant, the RSUs may not be sold, pledged, assigned or transferred in
any manner other than by will or the laws of descent and distribution or, subject to the consent of the Committee, pursuant to
a DRO. Neither the RSUs nor any interest or right therein shall be liable for the debts, contracts or engagements of the Participant
or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance,
assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be
null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence.

 

3.3        Tax
Consultation. The Participant understands that the Participant may suffer adverse tax consequences in connection with the RSUs
granted pursuant to this Agreement (and the Shares issuable with respect thereto). The Participant represents that the Participant
has consulted with any tax consultants the Participant deems advisable in connection with the RSUs and the issuance of Shares with
respect thereto and that the Participant is not relying on the Company for any tax advice.

 

3.4        Adjustments.
The Participant acknowledges that the RSUs are subject to modification and termination in certain events as provided in this Agreement
and Article 13 of the Plan.

 

3.5        Notices.
Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of the Secretary
of the Company at the Company’s principal office, and any notice to be given to the Participant shall be addressed to the
Participant at the Participant’s last address reflected on the Company’s records. Any notice shall be deemed duly given
when sent via email or when sent by reputable overnight courier or by certified mail (return receipt requested) through the United
States Postal Service.

 

3.6        Participant’s
Representations. If the Shares issuable hereunder have not been registered under the Securities Act or any applicable state
laws on an effective registration statement at the time of such issuance, the Participant shall, if required by the Company, concurrently
with such issuance, make such written representations as are deemed necessary or appropriate by the Company and/or its counsel.

 

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

 

3.8        Governing
Law. The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and performance
of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws.

 

3.9        Conformity
to Securities Laws. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary
with all provisions of the Securities Act, and the Exchange Act and any other Applicable Law. Notwithstanding anything herein to
the contrary, the Plan shall be administered, and the RSUs are granted, only in such a manner as to conform to such Applicable
Laws. To the extent permitted by such Applicable Llaws, the Plan and this Agreement shall be deemed amended to the extent necessary
to conform to such Applicable Laws.

 

    	 	 	 

     

    

 

3.10      Amendment,
Suspension and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise
modified, suspended or terminated at any time or from time to time by the Committee or the Board; provided, however, that,
except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall
adversely affect the RSUs in any material way without the prior written consent of the Participant.

 

3.11      Successors
and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement
shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth
in Section 3.2 hereof, this Agreement shall be binding upon the Participant and his or her heirs, executors, administrators, successors
and assigns.

 

3.12      Limitations
Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if the Participant is
subject to Section 16 of the Exchange Act, then the Plan, the RSUs and this Agreement shall 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 of the Exchange
Act) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Laws, this Agreement
shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

 

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

 

3.14      Section
409A. Notwithstanding any other provision of the Plan, this
Agreement or the Grant Notice, the Plan, this Agreement and the Grant Notice shall be interpreted in accordance with the requirements
of Section 409A of the Code. The Committee may, in its discretion, adopt such amendments to the Plan, this Agreement or the Grant
Notice or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take
any other actions, as the Committee determines are necessary or appropriate to comply with the requirements of Section 409A of
the Code.

 

3.15      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 shall not be construed as
creating a trust. The Plan, in and of itself, has no assets. Participant shall have only the rights of a general unsecured creditor
of the Company and its Affiliates with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and
rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to RSUs, as and when
payable hereunder.

 

3.16      Not
a Contract of Service Relationship. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to
continue to serve as an Employee or other service provider of the Company or any of its Affiliates or shall interfere with or restrict
in any way the rights of the Company and its Affiliates, which rights are hereby expressly reserved, to discharge or terminate
the services of the 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 the Participant.Exhibit
10.38

 

STAAR
SURGICAL COMPANY

 

AMENDED
AND RESTATED OMNIBUS EQUITY INCENTIVE PLAN

 

RESTRICTED
STOCK AWARD GRANT NOTICE 

 

STAAR
Surgical Company, a Delaware corporation, (the “Company”), pursuant to its Amended and Restated Omnibus Equity
Incentive Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (the
“Participant”), in consideration of the mutual agreements set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the number of shares of the Company’s Common Stock set forth
below (the “Shares”). This Restricted Stock award is subject to all of the terms and conditions as set forth
herein and in the Restricted Stock Award Agreement attached hereto as Exhibit A (the “Agreement”) (including
without limitation the Restrictions on the Shares set forth in the Agreement) and the Plan, each of which is incorporated herein
by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted
Stock Award Grant Notice (the “Grant Notice”) and the Agreement. A Prospectus regarding the Stock is available
at https://sites.google.com/a/staar.com/staar-intranet/home.

 

	Participant:	 	[_________________________________________]
	 	 	 
	Grant Date:	 	[_________________________________________]
	 	 	 
	Total Number of Shares of Restricted Stock:	 	[______________________] Shares
	 	 	 
	Vesting Commencement Date:	 	[_________________________________________]
	 	 	 
	Vesting Schedule:	 	[_________________]

 

By his or her signature
and the Company’s signature below, the Participant agrees to be bound by the terms and conditions of the Plan, the Agreement
and this Grant Notice. The Participant has reviewed the Agreement, the Plan and this Grant Notice 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 this Grant
Notice, the Agreement and the Plan. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations
of the Committee upon any questions arising under the Plan, this Grant Notice or the Agreement. In addition, by signing below,
the Participant also agrees that the Company, in its sole discretion, may satisfy any withholding obligations in accordance with
Section 2.2(c) of the Agreement by withholding shares of Common Stock otherwise issuable to the Participant upon vesting of the
shares of Restricted Stock, or using any other method permitted by Section 2.2(c) of the Agreement or the Plan.

 

	STAAR SURGICAL COMPANY:	PARTICIPANT:
	 	 
	By:	 	 	By:	 	 
	Print Name:	 	 	Print Name:  	 	 
	Title:	 	 	  	 	 
	Address:	 	 	Address:	 	 
	 	 	 	 	 	 

 

    	 	1	 

     

    

 

EXHIBIT
A

TO RESTRICTED STOCK AWARD GRANT NOTICE

RESTRICTED STOCK AWARD AGREEMENT

 

Pursuant to the Restricted
Stock Award Grant Notice (the “Grant Notice”) to which this Restricted Stock Award Agreement (this “Agreement”)
is attached, STAAR Surgical Company, a Delaware corporation (the “Company”) has granted to the Participant the
number of shares of Restricted Stock (the “Shares”) under the Company’s Amended and Restated Omnibus Equity
Incentive Plan, as amended from time to time (the “Plan”), as set forth in the Grant Notice. Capitalized terms
not specifically defined herein shall have the meanings specified in the Plan and Grant Notice.

 

ARTICLE
I.

general

1.1           Incorporation
of Terms of Plan. The Award (as defined below) is subject to the terms and conditions of the Plan, which are incorporated herein
by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

 

ARTICLE
II.

award of restricted stock

2.1           Award
of Restricted Stock.

 

(a)          Award.
Pursuant to the Grant Notice and upon the terms and conditions set forth in the Plan and this Agreement, effective as of the Grant
Date set forth in the Grant Notice, the Company has granted to the Participant an award of Restricted Stock (the “Award”)
under the Plan in consideration of the Participant’s past and/or continued employment with or service to the Company or any
Affiliate, and for other good and valuable consideration. The number of Shares subject to the Award is set forth in the Grant Notice.
The Participant is an Employee, Director or Consultant of the Company or one of its Affiliates.

 

(b)          Book
Entry Form; Certificates. At the sole discretion of the Committee, the Shares will be issued in either (i) uncertificated form,
with the Shares recorded in the name of the Participant in the books and records of the Company’s transfer agent with appropriate
notations regarding the restrictions on transfer imposed pursuant to this Agreement, and upon vesting and the satisfaction of all
conditions set forth in Sections 2.2(b) and (d) hereof, the Company shall remove such notations on any such vested Shares in accordance
with Section 2.2(e) below; or (ii) certificated form pursuant to the terms of Sections 2.1(c), (d) and (e) below.

 

(c)          Legend.
Certificates representing Shares issued pursuant to this Agreement shall, until all Restrictions (as defined below) imposed pursuant
to this Agreement lapse or have been removed and the Shares have thereby become vested or the Shares represented thereby have been
forfeited hereunder, bear the following legend (or such other legend as shall be determined by the Committee):

 

“THE SECURITIES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN VESTING REQUIREMENTS AND MAY BE SUBJECT TO FORFEITURE UNDER THE TERMS OF
A RESTRICTED STOCK AWARD AGREEMENT, BY AND BETWEEN STAAR SURGICAL COMPANY AND THE REGISTERED OWNER OF SUCH SHARES, AND SUCH SHARES
MAY NOT BE, DIRECTLY OR INDIRECTLY, OFFERED, TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNDER
ANY CIRCUMSTANCES, EXCEPT PURSUANT TO THE PROVISIONS OF SUCH AGREEMENT.”

 

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(d)          Escrow.
The Secretary of the Company or such other escrow holder as the Committee may appoint may retain physical custody of any certificates
representing the Shares until all of the Restrictions on transfer imposed pursuant to this Agreement lapse or shall have been removed;
in such event, the Participant shall not retain physical custody of any certificates representing unvested Shares issued to him
or her. The Participant, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its
authorized representatives as the Participant’s attorney(s)-in-fact to effect any transfer of unvested forfeited Shares (or
Shares otherwise reacquired by the Company hereunder) to the Company as may be required pursuant to the Plan or this Agreement
and to execute such documents as the Company or such representatives deem necessary or advisable in connection with any such transfer.

 

(e)          Removal
of Notations; Delivery of Certificates Upon Vesting. As soon as administratively practicable after the vesting of any Shares
subject to the Award pursuant to Section 2.2(b) hereof, the Company shall, as applicable, either remove the notations on any Shares
subject to the Award issued in book entry form which have vested or deliver to the Participant a certificate or certificates evidencing
the number of Shares subject to the Award which have vested (or, in either case, such lesser number of Shares as may be permitted
pursuant to Section 11.2 of the Plan). The Participant (or the beneficiary or personal representative of the Participant in the
event of the Participant’s death or incapacity, as the case may be) shall deliver to the Company any representations or other
documents or assurances required by the Company. The Shares so delivered shall no longer be subject to the Restrictions hereunder.

 

2.2           Restrictions.

 

(a)          Forfeiture.
Notwithstanding any contrary provision of this Agreement, upon the Participant’s Termination of Service for any or no reason,
any portion of the Award (and the Shares subject thereto) which has not vested prior to or in connection with such Termination
of Service shall thereupon be forfeited immediately and without any further action by the Company, and the Participant’s
rights in any Shares and such portion of the Award shall thereupon lapse and expire. For purposes of this Agreement, “Restrictions”
shall mean the restrictions on sale or other transfer set forth in Section 3.3 hereof and the exposure to forfeiture set forth
in this Section 2.2(a).

 

(b)          Vesting
and Lapse of Restrictions. Subject to Section 2.2(a) above, the Award shall vest and Restrictions shall lapse in accordance
with the vesting schedule set forth in the Grant Notice (rounding down to the nearest whole Share).

 

(c)          Tax
Withholding. The Company or its Affiliates shall be entitled to require a cash payment (or to elect, or permit the Participant
to elect, such other form of payment determined in accordance with Section 11.2 of the Plan) by or on behalf of the Participant
and/or to deduct from other compensation payable to the Participant any sums required by federal, state or local tax law to be
withheld with respect to the grant or vesting of the Award or the lapse of the Restrictions hereunder. In satisfaction of the foregoing
requirement with respect to the grant or vesting of the Award or the lapse of the Restrictions hereunder, unless otherwise determined
by the Company, the Company or its Affiliates shall withhold Shares otherwise issuable under the Award having a fair market value
equal to the sums required to be withheld by federal, state and/or local tax law. The number of Shares which shall be so withheld
in order to satisfy such federal, state and/or local withholding tax liabilities shall be limited to the number of shares which
have a fair market value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory
withholding rates for federal, state and/or local tax purposes that are applicable to such supplemental taxable income. Notwithstanding
any other provision of this Agreement (including without limitation Section 2.1(b) hereof), the Company shall not be obligated
to deliver any new certificate representing Shares to the Participant or the Participant’s legal representative or enter
any such Shares in book entry form unless and until the Participant or the Participant’s legal representative, as applicable,
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 Award or the issuance of Shares hereunder. 

 

    	 	A-2	 

     

    

(d)          Conditions
to Delivery of Shares. Subject to Section 2.1 above, the Shares deliverable under this Award may be either previously authorized
but unissued Shares, treasury Shares or Shares purchased on the open market. Such Shares shall be fully paid and nonassessable.
The Company shall not be required to issue or deliver any Shares under this Award prior to fulfillment of the conditions set forth
in Section 11.4 of the Plan.

 

Notwithstanding the foregoing,
the issuance of such Shares shall not be delayed if and to the extent that such delay would result in a violation of Section 409A
of the Code. In the event that the Company delays the issuance of such Shares because it reasonably determines that the issuance
of such Shares will violate Applicable Law, such issuance shall be made at the earliest date at which the Company reasonably determines
that issuing such Shares will not cause such violation, as required by Treasury Regulation Section 1.409A-2(b)(7)(ii).

 

(e)          To
ensure compliance with the Restrictions, the provisions of the charter documents of the Company, and/or Applicable Law and for
other proper purposes, the Company may issue appropriate “stop transfer” and other instructions to its transfer agent
with respect to the Restricted Stock. The Company shall notify the transfer agent as and when the Restrictions lapse.

 

2.3       Consideration
to the Company. In consideration of the grant of the Award pursuant hereto, the Participant agrees to render faithful and efficient
services to the Company or any Affiliate.

 

ARTICLE
III.

other provisions

 

3.1          
Section 83(b) Election. If the Participant makes an election under Section 83(b) of the Code to be taxed with respect to
the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Participant
would otherwise be taxable under Section 83(a) of the Code, the Participant hereby agrees to deliver a copy of such election to
the Company promptly after filing such election with the Internal Revenue Service.

 

3.2           Administration.
The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and
all interpretations and determinations made by the Committee in good faith shall be final and binding upon the Participant, the
Company and all other interested persons. No member of the Committee or the Board shall be personally liable for any action, determination
or interpretation made in good faith with respect to the Plan, this Agreement or the Award.

 

    	 	A-3	 

     

    

3.3           Restricted
Stock Not Transferable. Until the Restrictions hereunder lapse or expire pursuant to this Agreement and the Shares vest, the
Restricted Stock (including any Shares received by holders thereof with respect to Restricted Stock as a result of stock dividends,
stock splits or any other form of recapitalization) shall be subject to the restrictions on transferability set forth in Section
11.3 of the Plan.

 

3.4           Rights
as Stockholder. Except as otherwise provided herein, upon the Grant Date, the Participant shall have all the rights of a stockholder
of the Company with respect to the Shares, subject to the Restrictions, including, without limitation, voting rights and rights
to receive any cash or stock dividends, in respect of the Shares subject to the Award and deliverable hereunder.

 

3.5           Tax
Consultation. The Participant understands that the Participant may suffer adverse tax consequences in connection with the Restricted
Stock granted pursuant to this Agreement (and the Shares issuable with respect thereto). The Participant represents that the Participant
has consulted with any tax consultants the Participant deems advisable in connection with the Restricted Stock and that the Participant
is not relying on the Company for any tax advice.

 

3.6           Adjustments
Upon Specified Events. The Committee may accelerate the vesting of the Restricted Stock in such circumstances as it, in its
sole discretion and consistent with the Plan, may determine. The Participant acknowledges that the Restricted Stock is subject
to adjustment, modification and termination in certain events as provided in this Agreement and Section 13.2 of the Plan.

 

3.7           Notices.
Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of the Secretary
of the Company at the Company’s principal office, and any notice to be given to the Participant shall be addressed to the
Participant at the Participant’s last address reflected on the Company’s records. By a notice given pursuant to this
Section 3.7, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be
deemed duly given when sent via email or 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.

 

3.8           Participant’s
Representations. If the Shares issuable hereunder have not been registered under the Securities Act or any applicable state
laws on an effective registration statement at the time of such issuance, the Participant shall, if required by the Company, concurrently
with such issuance, make such written representations as are deemed necessary or appropriate by the Company and/or its counsel.

 

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

 

3.10         Governing
Law. The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and performance
of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws.

 

3.11         Conformity
to Securities Laws. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary
with all provisions of the Securities Act, and the Exchange Act, and any and all Applicable Law. Notwithstanding anything herein
to the contrary, the Plan shall be administered, and the Award is granted, only in such a manner as to conform to such Applicable
Law. To the extent permitted by Applicable Law, the Plan and this Agreement shall be deemed amended to the extent necessary to
conform to such Applicable Law.

 

    	 	A-4	 

     

    

3.12         Amendment,
Suspension and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise
modified, suspended or terminated at any time or from time to time by the Committee or the Board; provided, however, that,
except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall
adversely affect the Award in any material way without the prior written consent of the Participant.

 

3.13         Successors
and Assigns. The Company or any Affiliate may assign any of its rights under this Agreement to single or multiple assignees,
and this Agreement shall inure to the benefit of the successors and assigns of the Company and its Affiliates. Subject to the restrictions
on transfer set forth in Section 3.3 hereof, this Agreement shall be binding upon the Participant and his or her heirs, executors,
Committees, successors and assigns.

 

3.14         Limitations
Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if the Participant is
subject to Section 16 of the Exchange Act, then the Plan, the Award and this Agreement shall 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 of the Exchange
Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement
shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

 

3.15         Not
a Contract of Service Relationship. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to
continue to serve as an Employee or other service provider of the Company or any of its Affiliates or shall interfere with or restrict
in any way the rights of the Company and its Affiliates, which rights are hereby expressly reserved, to discharge or terminate
the services of the 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 the Participant.

 

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

 

3.17         Limitation
on the 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 shall not be construed
as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have
only the rights of a general unsecured creditor of the Company and its Affiliates with respect to amounts credited and benefits
payable, if any, with respect to the Shares issuable hereunder.

 

    	 	A-5

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