Document:

Exhibit 4.42

 

NEURALSTEM, INC.

2019 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

NOTICE OF RESTRICTED STOCK UNIT GRANT

 

Unless otherwise defined herein, the terms defined
in the Neuralstem, Inc. 2019 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted
Stock Unit Agreement, which includes the Notice of Restricted Stock Unit Grant (the “Notice of Grant”), Terms and Conditions
of Restricted Stock Unit Grant attached hereto as Exhibit A , and all appendices and exhibits attached thereto (all together,
the “Award Agreement”).

 

Participant:

 

Address:

 

 

The undersigned Participant has been granted
the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement,
as follows:

 

	 	 	 	 	 
	Grant Number:	 	
 

	 	 
	 	 	 
	Date of Grant:	 	
 

	 	 
	 	 	 
	Vesting Commencement Date:	 	
 

	 	 
	 	 	 
	Number of Restricted Stock Units:	 	
 

	 	 

 

Vesting Schedule:

 

Subject to any acceleration provisions contained
in the Plan or set forth below, the Restricted Stock Units will vest in accordance with the following schedule:

 

[Include Vesting Schedule]

 

In the event Participant ceases to be a Service
Provider for any or no reason before Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s
right to acquire any Shares hereunder will immediately terminate. By Participant’s signature and the signature of the representative
of Neuralstem, Inc. (the “Company”) below, Participant and the Company agree that this Award of Restricted Stock
Units is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions
of Restricted Stock Unit Grant, attached hereto as Exhibit A , all of which are made a part of this document. Participant
acknowledges receipt of a copy of the Plan. Participant has reviewed the Plan and this Award Agreement in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Award Agreement, and fully understands all provisions of
the Plan and this Award Agreement. Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations
of the Administrator upon any questions relating to the Plan and the Award Agreement. Participant further agrees to notify the
Company upon any change in the residence address indicated below.

 

     

     

    

 

By signing this Award Agreement, Participant
is agreeing to arbitration of any disputes related to this Award Agreement and of any disputes related to Participant’s employment
relationship with the Company, as provided in Section 16.

 

	 	 	 	 	 
	PARTICIPANT:	 	 	 	NEURALSTEM, INC.
	 	 	 
	
 

	 	 	 	
 

	Signature	 	 	 	Signature
	 	 	 
	
 

        Print Name
	 	 	 	
 

        Print Name

	 	 	 
	 	 	 	 	
 

        Title

	 	 	 
	Address :	 	 	 	 
	 	 	 
	
 

	 	 	 	 
	 	 	 
	
 

	 	 	 	 

 

 

     

     

    

 

EXHIBIT A

TERMS AND CONDITIONS OF RESTRICTED STOCK
UNIT GRANT

 

1.        Grant of Restricted
Stock Units . The Company hereby grants to the individual (the “Participant”) named in the Notice of Grant under
the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which
is incorporated herein by reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and
conditions of the Plan and this Award Agreement, the terms and conditions of the Plan shall prevail.

 

2.        Company’s
Obligation to Pay . Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until
the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment
of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will
represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

 

3.        Vesting Schedule
.. Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Award Agreement
will vest in accordance with the vesting schedule set forth in the Notice of Grant, subject to Participant continuing to be a Service
Provider through each applicable vesting date.

 

4.        Payment after Vesting.

 

(a)        General
Rule. Subject to Section 8, any Restricted Stock Units that vest will be paid to Participant (or in the event of Participant’s
death, to his or her properly designated beneficiary or estate) in whole Shares. Subject to the provisions of Section 4(b),
such vested Restricted Stock Units shall be paid in whole Shares as soon as practicable after vesting, but in each such case within
sixty (60) days following the vesting date. In no event will Participant be permitted, directly or indirectly, to specify
the taxable year of payment of any Restricted Stock Units payable under this Award Agreement.

 

		(a)	Acceleration.

 

(i)        Discretionary
Acceleration . The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the
balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted
Stock Units will be considered as having vested as of the date specified by the Administrator. If Participant is a U.S. taxpayer,
the payment of Shares vesting pursuant to this Section 4(b) shall in all cases be paid at a time or in a manner that is exempt
from, or complies with, Section 409A. The prior sentence may be superseded in a future agreement or amendment to this Award
Agreement only by direct and specific reference to such sentence.

 

(ii)        Notwithstanding
anything in the Plan or this Award Agreement or any other agreement (whether entered into before, on or after the Date of Grant),
if the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection
with Participant’s termination as a Service Provider (provided that such termination is a “separation from service”
within the meaning of Section 409A, as determined by the Company), other than due to Participant’s death, and if (x) Participant
is a U.S. taxpayer and a “specified employee” within the meaning of Section 409A at the time of such termination
as a Service Provider and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional
tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination
as a Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months
and one (1) day following the date of Participant’s termination as a Service Provider, unless Participant dies following
his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to Participant’s
estate as soon as practicable following his or her death.

 

     

     

    

 

(c)        Section
 409A. It is the intent of this Award Agreement that it and all payments and benefits to U.S. taxpayers hereunder be exempt
from, or comply with, the requirements of Section 409A so that none of the Restricted Stock Units provided under this Award
Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities
herein will be interpreted to be so exempt or so comply. Each payment payable under this Award Agreement is intended to constitute
a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). However, in no event will the Company reimburse
Participant, or be otherwise responsible for, any taxes or costs that may be imposed on Participant as a result of Section 409A.
For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any final Treasury
Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.

 

5.        Forfeiture Upon
Termination as a Service Provider. Notwithstanding any contrary provision of this Award Agreement, if Participant ceases to
be a Service Provider for any or no reason, the then-unvested Restricted Stock Units awarded by this Award Agreement will thereupon
be forfeited at no cost to the Company and Participant will have no further rights thereunder.

 

6.        Tax Consequences.
Participant has reviewed with his or her own tax advisors the U.S. federal, state, local and non-U.S. tax consequences of this
investment and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on
such advisors and not on any statements or representations of the Company or any of its agents, written or oral. Participant understands
that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result
of this investment or the transactions contemplated by this Award Agreement.

 

7.        Death of Participant.
Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made
to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s
estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to
said transfer.

 

8.        Tax Obligations.

 

(a)        Responsibility
for Taxes. Participant acknowledges that, regardless of any action taken by the Company or, if different, Participant’s
employer (the “Employer”) or Parent or Subsidiary to which Participant is providing services (together, the Company,
Employer and/or Parent or Subsidiary to which the Participant is providing services, the “Service Recipient”), the
ultimate liability for any tax and/or social insurance liability obligations and requirements in connection with the Restricted
Stock Units, including, without limitation, (i) all federal, state, and local taxes (including the Participant’s Federal
Insurance Contributions Act (FICA) obligation) that are required to be withheld by the Company or the Employer or other payment
of tax-related items related to Participant’s participation in the Plan and legally applicable to Participant, (ii) the
Participant’s and, to the extent required by the Company (or Service Recipient), the Company’s (or Service Recipient’s)
fringe benefit tax liability, if any, associated with the grant, vesting, or settlement of the Restricted Stock Units or sale of
Shares, and (iii) any other Company (or Service Recipient) taxes the responsibility for which the Participant has, or has
agreed to bear, with respect to the Restricted Stock Units (or settlement thereof or issuance of Shares thereunder) (collectively,
the “Tax Obligations”), is and remains Participant’s responsibility and may exceed the amount actually withheld
by the Company or the Service Recipient. Participant further acknowledges that the Company and/or the Service Recipient (A) make
no representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Restricted
Stock Units, including, but not limited to, the grant, vesting or settlement of the Restricted Stock Units, the subsequent sale
of Shares acquired pursuant to such settlement and the receipt of any dividends or other distributions, and (B) do not commit
to and are under no obligation to structure the terms of the grant or any aspect of the Restricted Stock Units to reduce or eliminate
Participant’s liability for Tax Obligations or achieve any particular tax result. Further, if Participant is subject to Tax
Obligations in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event,
as applicable, Participant acknowledges that the Company and/or the Service Recipient (or former employer, as applicable) may be
required to withhold or account for Tax Obligations in more than one jurisdiction. If Participant fails to make satisfactory arrangements
for the payment of any required Tax Obligations hereunder at the time of the applicable taxable event, Participant acknowledges
and agrees that the Company may refuse to issue or deliver the Shares.

 

     

     

    

 

(b)        Tax
Withholding. Pursuant to such procedures as the Administrator may specify from time to time, the Company and/or Service Recipient
shall withhold the amount required to be withheld for the payment of Tax Obligations. The Administrator, in its sole discretion
and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such Tax Obligations, in
whole or in part (without limitation), if permissible by applicable local law, by (i) paying cash, (ii) electing to have
the Company withhold otherwise deliverable Shares having a fair market value equal to the minimum amount that is necessary to meet
the withholding requirement for such Tax Obligations (or such greater amount as Participant may elect if permitted by the Administrator,
if such greater amount would not result in adverse financial accounting consequences), (iii) withholding the amount of such Tax
Obligations from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Service Recipient,
(iv) delivering to the Company already vested and owned Shares having a fair market value equal to such Tax Obligations, or
(v) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may
determine in its sole discretion (whether through a broker or otherwise) equal to the minimum amount that is necessary to meet
the withholding requirement for such Tax Obligations (or such greater amount as Participant may elect if permitted by the Administrator,
if such greater amount would not result in adverse financial accounting consequences). Further, if Participant is subject to tax
in more than one jurisdiction between the Date of Grant and a date of any relevant taxable or tax withholding event, as applicable,
Participant acknowledges and agrees that the Company and/or the Service Recipient (and/or former employer, as applicable) may be
required to withhold or account for tax in more than one jurisdiction. If Participant fails to make satisfactory arrangements for
the payment of such Tax Obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest
pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder
and such Restricted Stock Units will be returned to the Company at no cost to the Company. Participant acknowledges and agrees
that the Company may refuse to deliver the Shares if such Tax Obligations are not delivered at the time they are due.

 

9.        Rights as Stockholder.
Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder
of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may
be in book entry form) will have been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to Participant (including through electronic delivery to a brokerage account). After such issuance, recordation, and
delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of
dividends and distributions on such Shares.

 

10.        No Guarantee of
Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER, WHICH UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW IS AT
THE WILL OF THE COMPANY (OR THE SERVICE RECIPIENT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK
UNIT AWARD OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS
CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT
AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S
RIGHT OR THE RIGHT OF THE COMPANY (OR THE SERVICE RECIPIENT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER,
SUBJECT TO APPLICABLE LAW, WHICH TERMINATION, UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW, MAY BE AT ANY TIME, WITH OR WITHOUT
CAUSE.

 

     

     

    

 

11.        Grant is Not Transferable.
Except to the limited extent provided in Section 7, this grant and the rights and privileges conferred hereby will not be
transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to
sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose
of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this grant and the rights and privileges conferred hereby immediately will become null and void.

 

12.        Nature of Grant
.. In accepting the grant, Participant acknowledges, understands, and agrees that:

 

(a)        the
grant of the Restricted Stock Units is 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;

 

(b)        all
decisions with respect to future Restricted Stock Units or other grants, if any, will be at the sole discretion of the Company;

 

		(b)	Participant is voluntarily participating in the Plan;

 

(d)        the
Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any pension rights or compensation;

 

(e)        the
Restricted Stock Units and the Shares subject to the Restricted Stock Units, and the income and value of same, are not part of
normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;

 

(f)        the
future value of the underlying Shares is unknown, indeterminable and cannot be predicted;

 

(g)        for
purposes of the Restricted Stock Units, Participant’s status as a Service Provider will be considered terminated as of the
date Participant is no longer actively providing services to the Company or any Parent or Subsidiary (regardless of the reason
for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where Participant
is a Service Provider or the terms of Participant’s employment or service agreement, if any), and unless otherwise expressly
provided in this Award Agreement (including by reference in the Notice of Grant to other arrangements or contracts) or determined
by the Administrator, Participant’s right to vest in the Restricted Stock Units under the Plan, if any, will terminate as
of such date and will not be extended by any notice period (e.g., Participant’s period of 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 Participant is a Service Provider or the terms of Participant’s employment or service agreement, if any, unless Participant
is providing bona fide services during such time); the Administrator shall have the exclusive discretion to determine when Participant
is no longer actively providing services for purposes of the Restricted Stock Units grant (including whether Participant may still
be considered to be providing services while on a leave of absence and consistent with local law);

 

     

     

    

 

(h)        unless
otherwise provided in the Plan or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this
Award Agreement do not create any entitlement to have the Restricted Stock Units or any such benefits transferred to, or assumed
by, another company nor be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the
Shares; and

 

(i)        the
following provisions apply only if Participant is providing services outside the United States:

 

(i)        the
Restricted Stock Units and the Shares subject to the Restricted Stock Units are not part of normal or expected compensation or
salary for any purpose;

 

(ii)        Participant
acknowledges and agrees that none of the Company, the Employer or any Parent or Subsidiary shall be liable for any foreign exchange
rate fluctuation between Participant’s local currency and the United States Dollar that may affect the value of the Restricted
Stock Units or of any amounts due to Participant pursuant to the settlement of the Restricted Stock Units or the subsequent sale
of any Shares acquired upon settlement; and

 

(iii)        no
claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units resulting from the termination
of Participant’s status as a Service Provider (for any reason whatsoever whether or not later found to be invalid or in breach
of employment laws in the jurisdiction where Participant is a Service Provider or the terms of Participant’s employment or
service agreement, if any), and in consideration of the grant of the Restricted Stock Units to which Participant is otherwise not
entitled, Participant irrevocably agrees never to institute any claim against the Company, any Parent or Subsidiary or the
Service Recipient, waives his or her ability, if any, to bring any such claim, and releases the Company, any Parent or Subsidiary
and the Service Recipient from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent
jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim
and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim.

 

13.        No Advice Regarding
Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding
Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant
is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation
in the Plan before taking any action related to the Plan.

 

14.        Data Privacy
.. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of
Participant’s personal data as described in this Award Agreement and any other Restricted Stock Unit grant materials by and
among, as applicable, the Employer, or other Service Recipient the Company and any Parent or Subsidiary for the exclusive purpose
of implementing, administering and managing Participant’s participation in the Plan.

 

Participant understands that the Company
and the Service Recipient may hold certain personal information about Participant, including, but not limited to, Participant’s
name, home address and telephone number, date of birth, social insurance/security number or other identification number, salary,
nationality, job title, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement
to Shares awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for
the exclusive purpose of implementing, administering and managing the Plan.

 

     

     

    

 

Participant understands that Data will
be transferred to a stock plan service provider as may be selected by the Company in the future, which is assisting the Company
with the implementation, administration, and management of the Plan. Participant understands that the recipients of the Data may
be located in the United States or elsewhere, and that the recipients’ country of operation (e.g., the United States) may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting his or her local human resources representative. Participant authorizes the Company, any stock plan service provider
selected by the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing,
administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the
sole purpose of implementing, administering and managing his or her participation in the Plan. Participant understands that Data
will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant
understands that where provided by law, he or she may exercise rights related to the Data, including, for example the rights to
request to view Data, request additional information about the storage and processing of Data, request necessary amendments to
Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources
representative. Further, Participant understands that he or she is providing the consents herein on a purely voluntary basis. If
Participant does not consent, or if Participant later seeks to revoke his or her consent, his or her status as a Service Provider
and career with the Service Recipient will not be adversely affected; the only adverse consequence of refusing or withdrawing Participant’s
consent is that the Company would not be able to grant Participant Restricted Stock Units or other equity awards or administer
or maintain such awards. Therefore, Participant understands that refusing or withdrawing his or her consent may affect Participant’s
ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal
of consent, Participant understands that he or she may contact his or her local human resources representative.

 

15.        Address for Notices
.. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company at Neuralstem,
Inc., 20271 Goldenrod Lane, Suite 2024, Germantown, MD 20876, or at such other address as the Company may hereafter designate in
writing.

 

16.        Arbitration and
Equitable Relief.

 

     

     

    

 

(a)        Arbitration
.. IN CONSIDERATION OF PARTICIPANT RECEIVING THIS AWARD AND PARTICIPANT’S EMPLOYMENT WITH THE COMPANY, THE COMPANY’S PROMISE
TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES (INCLUDING, BUT NOT LIMITED TO, DISPUTES RELATING TO THIS AWARD) WITH PARTICIPANT, AND
PARTICIPANT’S RECEIPT OF OTHER COMPENSATION AND OTHER COMPANY BENEFITS, AT PRESENT AND IN THE FUTURE, PARTICIPANT AGREES
THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES THAT PARTICIPANT MAY HAVE WITH THE COMPANY (INCLUDING ANY COMPANY EMPLOYEE,
OFFICER, DIRECTOR, TRUSTEE, OR BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), ARISING OUT OF, RELATING TO,
OR RESULTING FROM THIS AWARD OR PARTICIPANT’S EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY OR THE TERMINATION OF PARTICIPANT’S
EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY, INCLUDING ANY BREACH OF THIS AWARD AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION
UNDER THE FEDERAL ARBITRATION ACT (THE “FAA”). THE FAA’S SUBSTANTIVE AND PROCEDURAL RULES SHALL GOVERN AND
APPLY TO THIS ARBITRATION AGREEMENT WITH FULL FORCE AND EFFECT, AND ANY STATE COURT OF COMPETENT JURISDICTION MAY STAY PROCEEDINGS
PENDING ARBITRATION OR COMPEL ARBITRATION IN THE SAME MANNER AS A FEDERAL COURT UNDER THE FAA. PARTICIPANT FURTHER AGREES
THAT, TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICIPANT MAY BRING ANY SUCH ARBITRATION PROCEEDING ONLY IN PARTICIPANTS’
INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF, REPRESENTATIVE OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE OR REPRESENTATIVE
LAWSUIT OR PROCEEDING.  TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICPANT AGREES TO ARBITRATE ANY AND ALL COMMON LAW AND/OR
STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS
ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT
PROTECTION ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE FAIR LABOR STANDARDS ACT, THE FAMILY AND MEDICAL LEAVE
ACT, CLAIMS RELATING TO EMPLOYMENT STATUS, COMPENSATION (CASH, EQUITY, BONUS, OR OTHERWISE), CLASSIFICATION AND RELATIONSHIP WITH
THE COMPANY, AND CLAIMS OF HARASSMENT, DISCRIMINATION, WRONGFUL TERMINATION, AND BREACH OF CONTRACT. TO THE FULLEST EXTENT PERMITTED
BY LAW, PARTICIPANT ALSO AGREES TO ARBITRATE  ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO THE INTERPRETATION OR APPLICATION
OF THIS AGREEMENT TO ARBITRATE, BUT NOT DISPUTES ABOUT THE ENFORCEABILITY, REVOCABILITY OR VALIDITY OF THIS AGREEMENT TO ARBITRATE
OR THE CLASS, COLLECTIVE AND REPRESENTATIVE PROCEEDING WAIVER HEREIN. WITH RESPECT TO ALL SUCH CLAIMS AND DISPUTES THAT PARTICIPANT
AGREES TO ARBITRATE, PARTICIPANT HEREBY EXPRESSLY AGREES TO WAIVE, AND DOES WAIVE, ANY RIGHT TO A TRIAL BY JURY. PARTICIPANT
FURTHER UNDERSTANDS THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH PARTICIPANT. PARTICIPANT
UNDERSTANDS THAT NOTHING IN THIS AGREEMENT REQUIRES PARTICIPANT TO ARBITRATE CLAIMS THAT CANNOT BE ARBITRATED UNDER APPLICABLE
LAW, SUCH AS CLAIMS UNDER THE SARBANES-OXLEY ACT. FOR PURPOSES OF THIS SECTION 16 ONLY, REFERENCES TO “COMPANY”
SHALL MEAN NEURALSTEM, INC. (OR IT SUCCESSOR) AND ANY PARENT OR SUBSIDIARY OF NEURALSTEM, INC. (OR ITS SUCCESSOR).

 

(b)        Procedure.
PARTICIPANT AGREES THAT ANY ARBITRATION WILL BE ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION PURSUANT TO ITS EMPLOYMENT
ARBITRATION RULES & MEDIATION PROCEDURES (THE “AAA RULES”), WHICH ARE AVAILABLE AT https://www.adr.org. 
PARTICIPANT AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING
MOTIONS FOR SUMMARY JUDGMENT AND/OR ADJUDICATION, AND MOTIONS TO DISMISS AND DEMURRERS, APPLYING THE STANDARDS SET FORTH UNDER
THE MARYLAND CODE OF CIVIL PROCEDURE. PARTICIPANT AGREES THAT THE ARBITRATOR SHALL ISSUE A WRITTEN DECISION ON THE MERITS. PARTICIPANT
ALSO AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT THE ARBITRATOR
MAY AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, WHERE PERMITTED BY APPLICABLE LAW. PARTICIPANT AGREES THAT THE
DECREE OR AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED AS A FINAL AND BINDING JUDGMENT IN ANY COURT HAVING JURISDICTION THEREOF.
PARTICIPANT UNDERSTANDS THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR OR AAA EXCEPT
THAT PARTICIPANT SHALL PAY ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT PARTICIPANT INITIATES, BUT ONLY SO MUCH OF THE
FILING FEES AS PARTICIPANT WOULD HAVE INSTEAD PAID HAD PARTICIPANT FILED A COMPLAINT IN A COURT OF LAW. PARTICIPANT AGREES THAT
THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH MARYLAND LAW, INCLUDING THE MARYLAND CODE OF CIVIL
PROCEDURE AND THE MARYLAND EVIDENCE CODE, AND THAT THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL MARYLAND LAW TO ANY DISPUTE
OR CLAIM, WITHOUT REFERENCE TO RULES OF CONFLICT-OF-LAW.

 

     

     

    

 

(c)        Remedy
.. EXCEPT FOR THE PURSUIT OF ANY REMEDY PROVIDED BY THIS AGREEMENT, PARTICIPANT AGREES THAT ARBITRATION SHALL BE THE SOLE, EXCLUSIVE,
AND FINAL REMEDY FOR ANY DISPUTE BETWEEN PARTICIPANT AND THE COMPANY.

 

(d)        Administrative
Relief. PARTICIPANT UNDERSTANDS THAT THIS AGREEMENT DOES NOT PROHIBIT PARTICIPANT FROM PURSUING AN ADMINISTRATIVE CLAIM WITH
A LOCAL, STATE, OR FEDERAL ADMINISTRATIVE BODY OR GOVERNMENT AGENCY THAT IS AUTHORIZED TO ENFORCE OR ADMINISTER LAWS RELATED TO
EMPLOYMENT, INCLUDING, BUT NOT LIMITED TO, THE DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION,
THE NATIONAL LABOR RELATIONS BOARD, THE SECURITIES AND EXCHANGE COMMISSION, OR THE WORKERS’ COMPENSATION BOARD. THIS AGREEMENT
DOES, HOWEVER, PRECLUDE PARTICIPANT FROM PURSUING A COURT ACTION REGARDING ANY SUCH CLAIM, EXCEPT AS PERMITTED BY LAW.

 

(e)        Voluntary
Nature of Agreement . PARTICIPANT ACKNOWLEDGES AND AGREES THAT PARTICIPANT IS EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT
ANY DURESS OR UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT PARTICIPANT HAS CAREFULLY
READ THIS AGREEMENT AND THAT PARTICIPANT HAS ASKED ANY QUESTIONS NEEDED FOR PARTICIPANT TO UNDERSTAND THE TERMS, CONSEQUENCES,
AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND IT, INCLUDING THAT PARTICIPANT IS WAIVING PARTICIPANT’S RIGHT
TO A JURY TRIAL . FINALLY, PARTICIPANT AGREES THAT PARTICIPANT HAS BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN
ATTORNEY OF PARTICIPANT’S CHOICE BEFORE SIGNING THIS AGREEMENT.

 

17.        Electronic Delivery
and Acceptance . The Company may, in its sole discretion, decide to deliver any documents related to the Restricted Stock Units
awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s
consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery
and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or a third
party designated by the Company.

 

18.        No Waiver.
Either party’s failure to enforce any provision or provisions of this Award Agreement shall not in any way be construed as
a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of
this Award Agreement. The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s
right to assert all other legal remedies available to it under the circumstances.

 

     

     

    

 

19.        Successors and
Assigns. The Company may assign any of its rights under this Award Agreement to single or multiple assignees, and this Award
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein
set forth, this Award Agreement shall be binding upon Participant and his or her heirs, executors, administrators, successors and
assigns. The rights and obligations of Participant under this Award Agreement may only be assigned with the prior written consent
of the Company.

 

20.        Additional Conditions
to Issuance of Stock. If at any time the Company will determine, in its discretion, that the listing, registration, qualification
or rule compliance of the Shares upon any securities exchange or under any state, federal or non-U.S. law, the tax code and related
regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental
regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any other governmental
regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate) hereunder,
such issuance will not occur unless and until such listing, registration, qualification, rule compliance, clearance, consent or
approval will have been completed, effected or obtained free of any conditions not acceptable to the Company. Subject to the terms
of the Award Agreement and the Plan, the Company shall not be required to issue any certificate or certificates for Shares hereunder
prior to the lapse of such reasonable period of time following the date of vesting of the Restricted Stock Units as the Administrator
may establish from time to time for reasons of administrative convenience.

 

21.        Language .
If Participant has received this Award 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.

 

22.        Interpretation.
The Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but
not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations
and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other
interested persons. Neither the Administrator nor any person acting on behalf of the Administrator will be personally liable for
any action, determination, or interpretation made in good faith with respect to the Plan or this Award Agreement.

 

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

 

24.        Amendment, Suspension
or Termination of the Plan. By accepting this Award, Participant expressly warrants that he or she has received an Award of
Restricted Stock Units under the Plan, and has received, read, and understood a description of the Plan. Participant understands
that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

 

25.        Modifications to
the Award Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant
expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements
other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract
executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement,
the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without
the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition
under Section 409A in connection to this Award of Restricted Stock Units.

 

     

     

    

 

26.        Governing Law;
Severability. This Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of Maryland,
except that the FAA shall govern the arbitration requirements set forth in Section 16. In the event that any provision hereof
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Award Agreement shall continue
in full force and effect.

 

27.        Entire Agreement.
The Plan is incorporated herein by reference. The Plan and this Award Agreement (including the appendices and exhibits referenced
herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety
all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof, and may not be
modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant.Exhibit 4.43

 

NEURALSTEM, INC.

2019 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT

 

Unless otherwise defined herein, the terms defined
in the Neuralstem, Inc. 2019 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Stock
Option Agreement, which includes the Notice of Stock Option Grant (the “Notice of Grant”), the Terms and Conditions
of Stock Option Grant attached hereto as Exhibit A , and all appendices and exhibits attached thereto (all together, the
“Award Agreement”).

 

NOTICE OF STOCK OPTION GRANT

 

Participant:    

 

Address:    

 

 

 

The undersigned Participant has been granted
an Option to purchase Common Stock of Neuralstem, Inc. (the “Company”), subject to the terms and conditions of the
Plan and this Award Agreement, as follows:

 

	 	 	 	 	 
	Grant Number:	 	
 

	 	 
	 	 	 
	Date of Grant:	 	
 

	 	 
	 	 	 
	Vesting Commencement Date:	 	
 

	 	 
	 	 	 
	Number of Shares Granted:	 	
 

	 	 
	 	 	 
	Exercise Price per Share:	 	$                                                              	 	 
	 	 	 
	Total Exercise Price:	 	$                                                              	 	 
	 	 	 
	Type of Option:	 	___ Incentive Stock Option	 	 
	 	 	 
	 	 	___ Nonstatutory Stock Option	 	 
	 	 	 
	Term/Expiration Date:	 	
 

	 	 

 

Vesting Schedule :

 

Subject to accelerated vesting as set forth
below or in the Plan, this Option will be exercisable, in whole or in part, in accordance with the following schedule:

 

    	1

     

    

 

[Include vesting terms]

 

Termination Period:

 

To the extent vested, this Option will be exercisable
for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s
death or Disability, in which case this Option will be exercisable for twelve (12) months after Participant ceases to be a
Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date
as provided above and may be subject to earlier termination as provided in Section 14 of the Plan.

 

By Participant’s signature and the signature
of the representative of the Company below, Participant and the Company agree that this Option is granted under and governed
by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Stock Option Grant, attached
hereto as Exhibit A, all of which are made a part of this document. Participant acknowledges receipt of a copy of the Plan.
Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Award Agreement, and fully understands all provisions of the Plan and this Award Agreement. Participant
hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Administrator upon any questions
relating to the Plan and the Award Agreement. Participant further agrees to notify the Company upon any change in the residence
address indicated below.

 

By signing this Award Agreement, Participant
is agreeing to arbitration of any disputes related to this Award Agreement and of any disputes related to Participant’s employment
relationship with the Company, as provided in Section 16 of the Plan.

 

	 	 	 	 	 
	PARTICIPANT	 	 	 	NEURALSTEM, INC.
	 	 	 
	
 

	 	 	 	
 

	Signature	 	 	 	Signature
	 	 	 
	
 

        Print Name
	 	 	 	
 

        Print Name

	 	 	 
	 	 	 	 	
 

        Title

	 	 	 
	Address :	 	 	 	 
	 	 	 
	
 

	 	 	 	 
	 	 	 
	
 

	 	 	 	 

 

    	2

     

    

 

EXHIBIT A

TERMS AND CONDITIONS OF STOCK OPTION GRANT

 

1.        Grant of Option
.. The Company hereby grants to the individual (the “Participant”) named in the Notice of Stock Option Grant of this
Award Agreement (the “Notice of Grant”) an option (the “Option”) to purchase the number of Shares, as set
forth in the Notice of Grant, at the exercise price per Share set forth in the Notice of Grant (the “Exercise Price”),
subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject
to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions
of this Award Agreement, the terms and conditions of the Plan will prevail.

 

(a)        For
U.S. taxpayers, the Option will be designated as either an Incentive Stock Option (“ISO”) or a Nonstatutory Stock Option
(“NSO”). If designated in the Notice of Grant as an ISO, this Option is intended to qualify as an ISO under Section 422
of the Internal Revenue Code of 1986, as amended (the “Code”). However, if this Option is intended to be an ISO, to
the extent that it exceeds the $100,000 rule of Code Section 422(d) it will be treated as an NSO. Further, if for any reason
this Option (or portion thereof) will not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion
thereof) shall be regarded as a NSO granted under the Plan. In no event will the Administrator, the Company or any Parent or Subsidiary
or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of
the Option to qualify for any reason as an ISO.

 

(b)        For
non-U.S. taxpayers, the Option will be designated as an NSO.

 

2.        Vesting Schedule
.. Except as provided in Section 3, the Option awarded by this Award Agreement will vest in accordance with the vesting provisions
set forth in the Notice of Grant. Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will
not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously
a Service Provider from the Date of Grant until the date such vesting occurs.

 

3.        Administrator Discretion
.. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the
unvested Option at any time, subject to the terms of the Plan. If so accelerated, such Option will be considered as having vested
as of the date specified by the Administrator.

 

4.        Exercise of Option.

 

(a)        Right
to Exercise . This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during
such term only in accordance with the Plan and the terms of this Award Agreement.

 

(b)        Method
of Exercise . This Option is exercisable by delivery of an exercise notice (the “Exercise Notice”) in the form
attached as Exhibit A or in a manner and pursuant to such procedures as the Administrator may determine, which will state
the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised
Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the
Plan. The Exercise Notice will be completed by Participant and delivered to the Company. The Exercise Notice will be accompanied
by payment of the aggregate Exercise Price as to all Exercised Shares together and of any Tax Obligations (as defined in Section 6(a)).
This Option will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by the
aggregate Exercise Price.

 

    	3

     

    

 

5.        Method of Payment
.. Payment of the aggregate Exercise Price will be by any of the following, or a combination thereof, at the election of Participant:

 

		(a)	cash;

 

		(b)	check;

 

(c)         consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with
the Plan; or

 

(d)        if
Participant is a U.S. employee, surrender of other Shares which have a Fair Market Value on the date of surrender equal to the
aggregate Exercise Price of the Exercised Shares and that are owned free and clear of any liens, claims, encumbrances, or security
interests, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting
consequences to the Company.

 

6.        Tax Obligations.

 

(a)        Participant
acknowledges that, regardless of any action taken by the Company or, if different, Participant’s employer (the “Employer”)
or Parent or Subsidiary to which Participant is providing services (together, the Company, Employer and/or Parent or Subsidiary
to which the Participant is providing services, the “Service Recipient”), the ultimate liability for any tax and/or
social insurance liability obligations and requirements in connection with the Option, including, without limitation, (i) all
federal, state, and local taxes (including the Participant’s Federal Insurance Contributions Act (FICA) obligation) that
are required to be withheld by the Company or the Service Recipient or other payment of tax-related items related to Participant’s
participation in the Plan and legally applicable to Participant, (ii) the Participant’s and, to the extent required
by the Company (or Service Recipient), the Company’s (or Service Recipient’s) fringe benefit tax liability, if any,
associated with the grant, vesting, or exercise of the Option or sale of Shares, and (iii) any other Company (or Service Recipient)
taxes the responsibility for which the Participant has, or has agreed to bear, with respect to the Option (or exercise thereof
or issuance of Shares thereunder) (collectively, the “Tax Obligations”), is and remains Participant’s responsibility
and may exceed the amount actually withheld by the Company or the Service Recipient.

 

Participant further acknowledges that the Company
and/or the Service Recipient (A) make no representations or undertakings regarding the treatment of any Tax Obligations in
connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, the subsequent
sale of Shares acquired pursuant to such exercise and the receipt of any dividends or other distributions, and (B) do not
commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate Participant’s
liability for Tax Obligations or achieve any particular tax result. Further, if Participant is subject to Tax Obligations in more
than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant
acknowledges that the Company and/or the Service Recipient (or former employer, as applicable) may be required to withhold or account
for Tax Obligations in more than one jurisdiction. If Participant fails to make satisfactory arrangements for the payment of any
required Tax Obligations hereunder at the time of the applicable taxable event, Participant acknowledges and agrees that the Company
may refuse to issue or deliver the Shares.

 

    	4

     

    

 

(b)        Tax
Withholding. Pursuant to such procedures as the Administrator may specify from time to time, the Company and/or Service Recipient
shall withhold the amount required to be withheld for the payment of Tax Obligations. The Administrator, in its sole discretion
and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such Tax Obligations, in
whole or in part (without limitation), if permissible by applicable local law, by (i) paying cash, (ii) electing to have
the Company withhold otherwise deliverable Shares having a fair market value equal to the minimum amount that is necessary to meet
the withholding requirement for such Tax Obligations (or such greater amount as Participant may elect if permitted by the Administrator,
if such greater amount would not result in adverse financial accounting consequences), (iii) withholding the amount of such Tax
Obligations from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Service Recipient,
(iv) delivering to the Company already vested and owned Shares having a fair market value equal to such Tax Obligations, or
(v) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may
determine in its sole discretion (whether through a broker or otherwise) equal to the minimum amount that is necessary to meet
the withholding requirement for such Tax Obligations (or such greater amount as Participant may elect if permitted by the Administrator,
if such greater amount would not result in adverse financial accounting consequences). To the extent determined appropriate by
the Company in its discretion, it will have the right (but not the obligation) to satisfy any Tax Obligations by reducing the number
of Shares otherwise deliverable to Participant. Further, if Participant is subject to tax in more than one jurisdiction between
the Date of Grant and a date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges and agrees
that the Company and/or the Service Recipient (and/or former employer, as applicable) may be required to withhold or account for
tax in more than one jurisdiction. If Participant fails to make satisfactory arrangements for the payment of any required Tax Obligations
hereunder at the time of the Option exercise, Participant acknowledges and agrees that the Company may refuse to honor the exercise
and refuse to deliver the Shares if such amounts are not delivered at the time of exercise.

 

(c)        Notice
of Disqualifying Disposition of ISO Shares . If the Option granted to Participant herein is an ISO, and if Participant sells
or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years
after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Participant will immediately notify
the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the
Company on the compensation income recognized by Participant.

 

(d)        Code
Section  409A. Under Code Section 409A, a stock right (such as the Option) that vests after December 31, 2004
(or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a
per share exercise price that is determined by the Internal Revenue Service (the “IRS”) to be less than the fair market
value of an underlying share on the date of grant (a “discount option”) may be considered “deferred compensation.”
A stock right that is a “discount option” may result in (i) income recognition by the recipient of the stock right
prior to the exercise of the stock right, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential
penalty and interest charges. The “discount option” may also result in additional state income, penalty and interest
tax to the recipient of the stock right. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will
agree that the per Share exercise price of this Option equals or exceeds the fair market value of a Share on the date of grant
in a later examination. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price
that was less than the fair market value of a Share on the date of grant, Participant shall be solely responsible for Participant’s
costs related to such a determination.

 

7.        Rights as Stockholder
.. Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder
of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may
be in book entry form) will have been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to Participant (including through electronic delivery to a brokerage account). After such issuance, recordation, and
delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of
dividends and distributions on such Shares.

 

    	5

     

    

 

8.        No Guarantee of
Continued Service . PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF
IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER, WHICH UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW IS AT THE WILL OF THE
COMPANY (OR THE SERVICE RECIPIENT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER.
PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE
VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT

 

INTERFERE IN ANY WAY WITH PARTICIPANT’S
RIGHT OR THE RIGHT OF THE COMPANY (OR THE SERVICE RECIPIENT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER,
SUBJECT TO APPLICABLE LAW, WHICH TERMINATION, UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW, MAY BE AT ANY TIME, WITH OR WITHOUT
CAUSE.

 

9.        Nature of Grant.
In accepting the Option, Participant acknowledges, understands and agrees that:

 

(a)        the
grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of
options, or benefits in lieu of options, even if options have been granted in the past;

 

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

 

		(d)	Participant is voluntarily participating in the Plan;

 

(d)        the
Option and any Shares acquired under the Plan are not intended to replace any pension rights or compensation;

 

(e)        the
Option and Shares acquired under the Plan and the income and value of same, are not part of normal or expected compensation for
purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service
awards, pension or retirement or welfare benefits or similar payments;

 

(f)        the
future value of the Shares underlying the Option is unknown, indeterminable, and cannot be predicted with certainty;

 

(g)        if
the underlying Shares do not increase in value, the Option will have no value;

 

(h)        if
Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the
Exercise Price;

 

(i)        for
purposes of the Option, Participant’s engagement as a Service Provider will be considered terminated as of the date Participant
is no longer actively providing services to the Company or any Parent or Subsidiary (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 Participant is a Service
Provider or the terms of Participant’s employment or service agreement, if any), and unless otherwise expressly provided
in this Award Agreement (including by reference in the Notice of Grant to other arrangements or contracts) or determined by the
Administrator, (i) Participant’s right to vest in the Option under the Plan, if any, will terminate as of such date
and will not be extended by any notice period ( e.g ., Participant’s period of 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 Participant is a Service Provider or Participant’s employment or service agreement, if any, unless Participant is providing
bona fide services during such time); and (ii) the period (if any) during which Participant may exercise the Option after
such termination of Participant’s engagement as a Service Provider will commence on the date Participant ceases to actively
provide services and will not be extended by any notice period mandated under employment laws in the jurisdiction where Participant
is employed or terms of Participant’s engagement agreement, if any; the Administrator shall have the exclusive discretion
to determine when Participant is no longer actively providing services for purposes of his or her Option grant (including whether
Participant may still be considered to be providing services while on a leave of absence and consistent with local law);

 

    	6

     

    

 

(j)        unless
otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Award Agreement
do not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be
exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and

 

(k)        the
following provisions apply only if Participant is providing services outside the United States:

 

(i)        the
Option and the Shares subject to the Option are not part of normal or expected compensation or salary for any purpose;

 

(ii)        Participant
acknowledges and agrees that none of the Company, the Service Recipient, or any Parent or Subsidiary shall be liable for any foreign
exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect the value of
the Option or of any amounts due to Participant pursuant to the exercise of the Option or the subsequent sale of any Shares acquired
upon exercise; and

 

(iii)        no
claim or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from the termination of Participant’s
engagement as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment
laws in the jurisdiction where Participant is a Service Provider or the terms of Participant’s employment or service agreement,
if any), and in consideration of the grant of the Option to which Participant is otherwise not entitled, Participant irrevocably
agrees never to institute any claim against the Company, any Parent, any Subsidiary or the Service Recipient, waives his or her
ability, if any, to bring any such claim, and releases the Company, any Parent or Subsidiary and the Service Recipient from any
such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating
in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all
documents necessary to request dismissal or withdrawal of such claim.

 

10.        No Advice Regarding
Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding
Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant
is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation
in the Plan before taking any action related to the Plan.

 

11.        Data Privacy
.. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form,
of Participant’s personal data as described in this Award Agreement and any other Option grant materials by and among, as
applicable, the Employer or other Service Recipient, the Company and any Parent or Subsidiary for the exclusive purpose of implementing,
administering and managing Participant’s participation in the Plan.

 

    	7

     

    

 

Participant understands that the Company
and the Employer may hold certain personal information about Participant, including, but not limited to, Participant’s name,
home address and telephone number, date of birth, social insurance/security number or other identification number, salary, nationality,
job title, any Shares or directorships held in the Company, details of all Options or any other entitlement to Shares awarded,
canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose
of implementing, administering and managing the Plan.    

 

Participant understands that Data will
be transferred to a stock plan service provider as may be selected by the Company in the future, which is assisting the Company
with the implementation, administration, and management of the Plan. Participant understands that the recipients of the Data may
be located in the United States or elsewhere, and that the recipient’s country of operation (e.g., the United States) may
have different data privacy laws and protections than Participant’s country. Participant understands that if he or she resides
outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by
contacting his or her local human resources representative. Participant authorizes the Company and any other possible recipients
which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing
Participant’s participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement,
administer and manage Participant’s participation in the Plan. Participant understands that where provided by law, he or
she may exercise rights related to the Data, including, for example the rights to request to view Data, request additional information
about the storage and processing of Data, request necessary amendments to Data or refuse or withdraw the consents herein, in any
case without cost, by contacting in writing his or her local human resources representative. Further, Participant understands that
he or she is providing the consents herein on a purely voluntary basis. If Participant does not consent, or if Participant later
seeks to revoke his or her consent, his or her engagement as a Service Provider and career with the Employer will not be adversely
affected; the only adverse consequence of refusing or withdrawing Participant’s consent is that the Company would not be
able to grant Participant Options or other equity awards or administer or maintain such awards. Therefore, Participant understands
that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For more information
on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that he or she
may contact his or her local human resources representative.

 

12.        Address for Notices
.. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company at Neuralstem,
Inc., 20271 Goldenrod Lane, Suite 2024, Germantown, MD 20876, or at such other address as the Company may hereafter designate in
writing.

 

13.        Non-Transferability
of Option . This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution
and may be exercised during the lifetime of Participant only by Participant.

 

14.        Successors and
Assigns. The Company may assign any of its rights under this Award Agreement to single or multiple assignees, and this Award
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein
set forth, this Award Agreement shall be binding upon Participant and his or her heirs, executors, administrators, successors and
assigns. The rights and obligations of Participant under this Award Agreement may only be assigned with the prior written consent
of the Company.

 

15.        Additional Conditions
to Issuance of Stock . If at any time the Company will determine, in its discretion, that the listing, registration, qualification
or rule compliance of the Shares upon any securities exchange or under any state, federal or non-U.S. law, the tax code and related
regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental
regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any other governmental
regulatory authority is necessary or desirable as a condition to the purchase by, or issuance of Shares, to Participant (or his
or her estate) hereunder, such purchase or issuance will not occur unless and until such listing, registration, qualification,
rule compliance, clearance, consent or approval will have been completed, effected or obtained free of any conditions not acceptable
to the Company. Subject to the terms of the Award Agreement and the Plan, the Company shall not be required to issue any certificate
or certificates for Shares hereunder prior to the lapse of such reasonable period of time following the date of exercise of the
Option as the Administrator may establish from time to time for reasons of administrative convenience.

 

    	8

     

    

 

16.        Arbitration and
Equitable Relief. 

 

(a)        Arbitration
.. IN CONSIDERATION OF PARTICIPANT RECEIVING THIS AWARD AND PARTICIPANT’S EMPLOYMENT WITH THE COMPANY, THE COMPANY’S PROMISE
TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES (INCLUDING, BUT NOT LIMITED TO, DISPUTES RELATING TO THIS AWARD) WITH PARTICIPANT, AND
PARTICIPANT’S RECEIPT OF OTHER COMPENSATION AND OTHER COMPANY BENEFITS, AT PRESENT AND IN THE FUTURE, PARTICIPANT AGREES
THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES THAT PARTICIPANT MAY HAVE WITH THE COMPANY (INCLUDING ANY COMPANY EMPLOYEE,
OFFICER, DIRECTOR, TRUSTEE, OR BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), ARISING OUT OF, RELATING TO,
OR RESULTING FROM THIS AWARD OR PARTICIPANT’S EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY OR THE TERMINATION OF PARTICIPANT’S
EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY, INCLUDING ANY BREACH OF THIS AWARD AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION
UNDER THE FEDERAL ARBITRATION ACT (THE “FAA”). THE FAA’S SUBSTANTIVE AND PROCEDURAL RULES SHALL GOVERN AND
APPLY TO THIS ARBITRATION AGREEMENT WITH FULL FORCE AND EFFECT, AND ANY STATE COURT OF COMPETENT JURISDICTION MAY STAY PROCEEDINGS
PENDING ARBITRATION OR COMPEL ARBITRATION IN THE SAME MANNER AS A FEDERAL COURT UNDER THE FAA. PARTICIPANT FURTHER AGREES
THAT, TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICIPANT MAY BRING ANY SUCH ARBITRATION PROCEEDING ONLY IN PARTICIPANTS’
INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF, REPRESENTATIVE OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE OR REPRESENTATIVE
LAWSUIT OR PROCEEDING.  TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICPANT AGREES TO ARBITRATE ANY AND ALL COMMON LAW AND/OR
STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS
ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT
PROTECTION ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE FAIR LABOR STANDARDS ACT, THE FAMILY AND MEDICAL LEAVE
ACT, CLAIMS RELATING TO EMPLOYMENT STATUS, COMPENSATION (CASH, EQUITY, BONUS, OR OTHERWISE), CLASSIFICATION AND RELATIONSHIP WITH
THE COMPANY, AND CLAIMS OF HARASSMENT, DISCRIMINATION, WRONGFUL TERMINATION, AND BREACH OF CONTRACT. TO THE FULLEST EXTENT PERMITTED
BY LAW, PARTICIPANT ALSO AGREES TO ARBITRATE  ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO THE INTERPRETATION OR APPLICATION
OF THIS AGREEMENT TO ARBITRATE, BUT NOT DISPUTES ABOUT THE ENFORCEABILITY, REVOCABILITY OR VALIDITY OF THIS AGREEMENT TO ARBITRATE
OR THE CLASS, COLLECTIVE AND REPRESENTATIVE PROCEEDING WAIVER HEREIN. WITH RESPECT TO ALL SUCH CLAIMS AND DISPUTES THAT PARTICIPANT
AGREES TO ARBITRATE, PARTICIPANT HEREBY EXPRESSLY AGREES TO WAIVE, AND DOES WAIVE, ANY RIGHT TO A TRIAL BY JURY. PARTICIPANT
FURTHER UNDERSTANDS THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH PARTICIPANT. PARTICIPANT
UNDERSTANDS THAT NOTHING IN THIS AGREEMENT REQUIRES PARTICIPANT TO ARBITRATE CLAIMS THAT CANNOT BE ARBITRATED UNDER APPLICABLE
LAW, SUCH AS CLAIMS UNDER THE SARBANES-OXLEY ACT. FOR PURPOSES OF THIS SECTION 16 ONLY, REFERENCES TO “COMPANY”
SHALL MEAN NEURALSTEM, INC. (OR IT SUCCESSOR) AND ANY PARENT OR SUBSIDIARY OF NEURALSTEM, INC. (OR ITS SUCCESSOR).

 

    	9

     

    

 

(b)        Procedure.
PARTICIPANT AGREES THAT ANY ARBITRATION WILL BE ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION PURSUANT TO ITS EMPLOYMENT
ARBITRATION RULES & MEDIATION PROCEDURES (THE “AAA RULES”), WHICH ARE AVAILABLE AT https://www.adr.org. 
PARTICIPANT AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING
MOTIONS FOR SUMMARY JUDGMENT AND/OR ADJUDICATION, AND MOTIONS TO DISMISS AND DEMURRERS, APPLYING THE STANDARDS SET FORTH UNDER
THE MARYLAND CODE OF CIVIL PROCEDURE. PARTICIPANT AGREES THAT THE ARBITRATOR SHALL ISSUE A WRITTEN DECISION ON THE MERITS. PARTICIPANT
ALSO AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT THE ARBITRATOR
MAY AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, WHERE PERMITTED BY APPLICABLE LAW. PARTICIPANT AGREES THAT THE
DECREE OR AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED AS A FINAL AND BINDING JUDGMENT IN ANY COURT HAVING JURISDICTION THEREOF.
PARTICIPANT UNDERSTANDS THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR OR AAA EXCEPT
THAT PARTICIPANT SHALL PAY ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT PARTICIPANT INITIATES, BUT ONLY SO MUCH OF THE
FILING FEES AS PARTICIPANT WOULD HAVE INSTEAD PAID HAD PARTICIPANT FILED A COMPLAINT IN A COURT OF LAW. PARTICIPANT AGREES THAT
THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH MARYLAND LAW, INCLUDING THE MARYLAND CODE OF CIVIL
PROCEDURE AND THE MARYLAND EVIDENCE CODE, AND THAT THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL MARYLAND LAW TO ANY DISPUTE
OR CLAIM, WITHOUT REFERENCE TO RULES OF CONFLICT-OF-LAW.

 

(c) Remedy . EXCEPT FOR THE PURSUIT OF
ANY PROVISIONAL REMEDY PROVIDED BY THIS AGREEMENT, PARTICIPANT AGREES THAT ARBITRATION SHALL BE THE SOLE, EXCLUSIVE, AND FINAL
REMEDY FOR ANY DISPUTE BETWEEN PARTICIPANT AND THE COMPANY.

 

(d)        Administrative
Relief . PARTICIPANT UNDERSTANDS THAT THIS AGREEMENT DOES NOT PROHIBIT PARTICIPANT FROM PURSUING AN ADMINISTRATIVE CLAIM WITH
A LOCAL, STATE, OR FEDERAL ADMINISTRATIVE BODY OR GOVERNMENT AGENCY THAT IS AUTHORIZED TO ENFORCE OR ADMINISTER LAWS RELATED TO
EMPLOYMENT, INCLUDING, BUT NOT LIMITED TO, THE DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION,
THE NATIONAL LABOR RELATIONS BOARD, THE SECURITIES AND EXCHANGE COMMISSION, OR THE WORKERS’ COMPENSATION BOARD. THIS AGREEMENT
DOES, HOWEVER, PRECLUDE PARTICIPANT FROM PURSUING A COURT ACTION REGARDING ANY SUCH CLAIM, EXCEPT AS PERMITTED BY LAW.

 

    	10

     

    

 

(e)        Voluntary
Nature of Agreement . PARTICIPANT ACKNOWLEDGES AND AGREES THAT PARTICIPANT IS EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT
ANY DURESS OR UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT PARTICIPANT HAS CAREFULLY
READ THIS AGREEMENT AND THAT PARTICIPANT HAS ASKED ANY QUESTIONS NEEDED FOR PARTICIPANT TO UNDERSTAND THE TERMS, CONSEQUENCES,
AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND IT, INCLUDING THAT PARTICIPANT IS WAIVING PARTICIPANT’S RIGHT
TO A JURY TRIAL . FINALLY, PARTICIPANT AGREES THAT PARTICIPANT HAS BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN
ATTORNEY OF PARTICIPANT’S CHOICE BEFORE SIGNING THIS AGREEMENT.

 

17.        Language .
If Participant has received this Award 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.

 

18.        Interpretation
.. The Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but
not limited to, the determination of whether or not any Shares subject to the Option have vested). All actions taken and all interpretations
and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other
interested persons. Neither the Administrator nor any person acting on behalf of the Administrator will be personally liable for
any action, determination, or interpretation made in good faith with respect to the Plan or this Award Agreement.

 

19.        Electronic Delivery
and Acceptance . The Company may, in its sole discretion, decide to deliver any documents related to the Option awarded under
the Plan or future options that may be awarded under the Plan by electronic means or request Participant’s consent to participate
in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate
in the Plan through any on-line or electronic system established and maintained by the Company or a third party designated by the
Company.

 

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

 

21.        Agreement Severable
.. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable
from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award
Agreement.

 

22.        Amendment, Suspension
or Termination of the Plan . By accepting this Option, Participant expressly warrants that he or she has received an Option
under the Plan, and has received, read, and understood a description of the Plan. Participant understands that the Plan is discretionary
in nature and may be amended, suspended or terminated by the Company at any time.

 

23.        Governing Law and
Venue . This Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of Maryland, except
that the FAA shall govern the arbitration requirements set forth in Section 16. In the event that any provision hereof becomes
or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Award Agreement shall continue in
full force and effect.

 

24.        Modifications to
the Agreement . This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant
expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements
other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract
executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement,
the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without
the consent of Participant, to comply with Code Section 409A or to otherwise avoid imposition of any additional tax or income
recognition under Section 409A of the Code in connection with the Option.

 

    	11

     

    

 

25.        No Waiver . Either party’s
failure to enforce any provision or provisions of this Award Agreement shall not in any way be construed as a waiver of any such
provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of this Award Agreement.
The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s right to assert
all other legal remedies available to it under the circumstances.

 

27.        Tax Consequences
.. Participant has reviewed with its own tax advisors the U.S. federal, state, local and non-U.S. tax consequences of this investment
and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisors
and not on any statements or representations of the Company or any of its agents, written or oral. Participant understands that
Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of
this investment or the transactions contemplated by this Award Agreement.

 

 

 

 

 

 

 

    	12

     

    

 

EXHIBIT B

NEURALSTEM, INC.

2019 EQUITY INCENTIVE PLAN

EXERCISE NOTICE

 

Neuralstem, Inc.

20271 Goldenrod Lane, Suite 2024

Germantown, MD 20876

 

Attention: Stock Administration

 

1.        Exercise of Option
.. Effective as of today, ________________, _____, the undersigned (“Purchaser”) hereby elects to purchase ______________
shares (the “Shares”) of the Common Stock of Neuralstem, Inc. (the “Company”) under and pursuant to the
2019 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement, dated ________ and including the Notice of
Grant, the Terms and Conditions of Stock Option Grant, and exhibits attached thereto (the “Option Agreement”).
The purchase price for the Shares will be $_____________, as required by the Option Agreement.

 

2.        Delivery of Payment
.. Purchaser herewith delivers to the Company the full purchase price of the Shares and any Tax Obligations (as defined in Section 6(a)
of the Option Agreement) to be paid in connection with the exercise of the Option.

 

3.        Representations
of Purchaser . Purchaser acknowledges that Purchaser has received, read and understood the Plan and the Option Agreement and
agrees to abide by and be bound by their terms and conditions.

 

4.        Rights as Stockholder
.. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent
of the Company) of the Shares, no right to vote or receive dividends or any other rights as a stockholder will exist with respect
to the Shares subject to the Option, notwithstanding the exercise of the Option. The Shares so acquired will be issued to Purchaser
as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or other right for which the record
date is prior to the date of issuance, except as provided in Section 14 of the Plan.

 

5.        Tax Consultation
.. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition
of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants Purchaser deems advisable in connection
with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice.

 

6.        Entire Agreement;
Governing Law . The Plan and Option Agreement are incorporated herein by reference. This Exercise Notice, the Plan and the
Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Purchaser with respect to the subject matter hereof, and may
not be modified adversely to the Purchaser’s interest except by means of a writing signed by the Company and Purchaser. This
Option Agreement is governed by the internal substantive laws, but not the choice of law rules, of Maryland.

 

    	13

     

    

 

	 	 	 	 	 
	Submitted by:	 	 	 	Accepted by:
	 	 	 
	PURCHASER	 	 	 	NEURALSTEM, INC.
	 	 	 
	
 

        Signature
	 	 	 	
 

        Signature

	 	 	 
	
 

        Print Name
	 	 	 	
 

        Print Name

	 	 	 
	Address :	 	 	 	 
	 	 	 	 	
 

        Title

	 	 	 
	
 

	 	 	 	 
	 	 	 
	
 

	 	 	 	 
	 	 	 
	 	 	 	 	
 

        Date Received

 

 

 

 

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]