Document:

Exhibit 4.3

 

LANTRONIX, INC.

 

AMENDED AND RESTATED
2010 STOCK INCENTIVE PLAN

 

STOCK OPTION AGREEMENT

 

 

 

Unless otherwise defined herein, the terms
defined in the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the “Plan”) shall have the same defined
meanings in this Stock Option Agreement (the “Option Agreement”).

 

I.NOTICE OF GRANT

 

[Optionee’s Name and Address]

 

You have been granted an option to purchase
Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows:

 

	Grant Number	__________
	Grant Date	_____________
	Vesting Commencement Date	_____________
	Exercise Price per Share	$______
	Total Number of Shares Granted	__________
	Total Exercise Price	$__________
	Type of Option:	[Incentive Stock Option/Nonstatutory Stock Option]
	Term/Expiration Date:	___ Years From the Grant Date

 

Vesting Schedule:

 

Subject to accelerated vesting as set forth
in duly authorized written agreements by and between Optionee and the Company, this Option may be exercised, in whole or in part,
in accordance with the following schedule:

 

Subject to the Optionee remaining a Service
Provider, the shares subject to the Option (the “Shares”) shall vest such that: [descrption of vesting schedule]

 

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II.AGREEMENT

 

1.
Grant of Option. 

 

The Company hereby grants to the Optionee
(the “Optionee”) named in the Notice of Grant section of this Agreement (the “Notice of Grant”), an
option (the “Option”) to purchase the number of Shares 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 the terms and conditions of the Plan (which
is incorporated herein by reference) and this Option Agreement. In the event of a conflict between the terms and conditions of
the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail.

 

		2.	Exercise of Option.

 

(a) Right to Exercise. This
Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant and the applicable
provisions of the Plan and this Option Agreement, subject to Optionee’s remaining a Service Provider on each vesting date.

 

(b)Post-Termination Exercise Period.
If Optionee ceases to be a Service Provider, then this Option may be exercised, but only to the extent vested on the date of such
cessation as a Service Provider, until the earlier of (i) [_________]after the date upon which Optionee ceases to be a Service
Provider, or (ii) the original [_______]-year Option term.

 

(c) Method of Exercise. This
option may be exercised with respect to all or any part of any vested Shares by giving the Company or any stock option plan administrator
designated by the Company written or electronic notice of such exercise, in the form designated by the Company or the Company’s
designated third-party stock option plan administrator, specifying the number of shares as to which this option is exercised and
accompanied by payment of the aggregate Exercise Price as to all exercised shares.

 

This Option shall be deemed to be exercised
upon receipt by the Company or any third-party stock option plan administrator designated by the Company of such fully executed
exercise notice accompanied by such aggregate Exercise Price.

 

No Shares shall be
issued pursuant to the exercise of this Option unless such issuance and exercise complies with applicable laws. Assuming such compliance,
for income tax purposes the exercised shares shall be considered transferred to the Optionee on the date the Option is exercised
with respect to such exercised shares.

 

(d)Payment of Exercise Price.
Payment of the aggregate exercise price shall be by any of the following, or a combination thereof, at the election of the Optionee:

 

(i) cash; or

 

(ii) check; or

 

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(iii) delivery of a properly executed
exercise notice together with such other documentation as the Administrator and a broker, if applicable, shall require to effect
an exercise of the Option and delivery to the Company of the sale proceeds required to pay the exercise price.

 

		3.	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 Optionee only
by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors
and assigns of the Optionee.

 

		4.	Term of Option.

 

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 Option Agreement.

 

		5.	Tax Consequences. 

 

Some of the federal tax consequences relating
to this Option, as of the date of this Option, are set forth below. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND
REGULATIONS ARE SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE
SHARES.

 

(a) Exercising the Option. The Optionee may incur
regular federal income tax liability upon exercise of a Nonstatutory Stock Option. The Optionee will be treated as having received
compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the exercised
shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company
will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities
an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise
and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

 

(b)Disposition of Shares.
If the Optionee holds NSO Shares for at least one year, any gain realized on disposition of the Shares will be treated as long-term
capital gain for federal income tax purposes.

 

		6.	Entire Agreement; Governing Law.

 

The Plan is incorporated herein by reference.
The Plan and this 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 Optionee with respect to the subject matter
hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and
Optionee. This agreement is governed by the internal substantive laws, but not the choice of law rules, of California.

 

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By your signature and the signature of the
Company’s representative below, you and the Company agree that this Option is granted under and governed by the terms and
conditions of the Plan and this Option Agreement. Optionee has reviewed the Plan and this Option Agreement in their entirety, has
had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the
Plan and this Option Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations
of the Administrator upon any questions relating to the Plan and Option Agreement. Optionee further agrees to notify the Company
upon any change in the residence address indicated below.

 

 

 

	OPTIONEE	 	LANTRONIX, INC.
	 	 	 
	 	 	 
	Signature:	 	 	Signature:	 
	Print Name:	 	 	Print Name:	 
	Date:	 	 	Title:	 
	 	 	 	Date:	 

 

 

 

 

 

 

 

 

    	4Exhibit 4.4

 

LANTRONIX, INC.

 

AMENDED AND RESTATED
2010 STOCK INCENTIVE PLAN

 

RESTRICTED STOCK
UNIT AWARD AGREEMENT

 

Unless otherwise defined herein, the terms
defined in the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the “Plan”) shall have the same defined
meanings in this Restricted Stock Unit Award Agreement (the “Agreement”).

 

I.NOTICE OF GRANT OF RESTRICTED STOCK
UNIT

 

Name: __________

 

You have been granted an Award of Restricted
Stock Units (“RSUs”), subject to the terms and conditions of the Plan and this Agreement, as follows:

 

Date of Grant:

 

Total Number of RSUs Granted:     __________

 

Vesting Schedule: The RSUs awarded by this
Agreement shall vest in accordance with the following schedule:

 

 

 

[INSERT VESTING SCHEDULE]

 

 

 

 

 

II.AGREEMENT

 

1.Grant of Restricted Stock Unit.
The Company hereby grants to the Participant named in the Notice of the Grant of Restricted Stock Units attached as Part I of this
Agreement (“Notice of Grant”) an award of RSUs, as set forth in the Notice of Grant and subject to the terms and conditions
in this Agreement and the Plan.

 

2.Company’s Obligation.
Each RSU represents the right to receive a Share on the vesting date. Unless and until the RSUs vest, the Participant will have
no right to receive Shares under such RSUs. Prior to actual distribution of Shares pursuant to 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.

 

3.Vesting Schedule. The RSUs
awarded by this Agreement will vest in the Participant according to the vesting schedule specified in the Notice of Grant.

 

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4.Forfeiture upon Termination as
a Service Provider. Notwithstanding any contrary provision of this Agreement or the Notice of Grant, if the Participant terminates
as a Service Provider for any or no reason prior to vesting, the unvested RSUs awarded by this Agreement will thereupon be forfeited
at no cost to the Company.

 

5.Payment after Vesting. Any
RSUs that vest in accordance with paragraph 3 will be paid to the Participant (or in the event of the Participant’s death,
to his or her estate) in Shares, provided that to the extent determined appropriate by the Company, the minimum statutorily required
federal, state and local withholding taxes with respect to such RSUs will be paid by reducing the number of vested RSUs actually
paid to the Participant.

 

6.Payments after Death. Any distribution
or delivery to be made to the Participant under this Agreement will, if the Participant is then deceased, be made to the administrator
or executor of the Participant’s estate. Any such administrator or executor 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.

 

7.Rights as Stockholder. Neither
the Participant nor any person claiming under or through the 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 will have
been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Participant or Participant’s
broker.

 

8.No Effect on Employment. The
Participant’s employment with the Company and its Subsidiaries is on an at-will basis only. Accordingly, the terms of the
Participant’s employment with the Company and its Subsidiaries will be determined from time to time by the Company or the
Subsidiary employing the Participant (as the case may be), and the Company or the Subsidiary will have the right, which is hereby
expressly reserved, to terminate or change the terms of the employment of the Participant at any time for any reason whatsoever,
with or without good cause or notice.

 

9.Grant is Not Transferable.
Except to the limited extent provided in paragraph 6, 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.

 

10.Binding Agreement. Subject
to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit
of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

 

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11.Additional Conditions to Issuance
of Stock. If at any time the Company will determine, in its discretion, that the listing, registration or qualification of
the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory
authority is necessary or desirable as a condition to the issuance of Shares to the Participant (or his or her estate), such issuance
will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained
free of any conditions not acceptable to the Company. The Company will make all reasonable efforts to meet the requirements of
any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

 

12.Plan Governs. This Agreement
and the Notice of Grant are subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions
of this Agreement or the Notice of Grant and one or more provisions of the Plan, the provisions of the Plan will govern.

 

 

 

 

 

 

 

 

 

 

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By your signature and the signature of the
Company’s representative below, you and the Company agree that this Award is granted under and governed by the terms and
conditions of the Plan and this Agreement. Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity
to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the Plan and this 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 this Agreement. Participant further agrees to notify the Company upon any change in the
residence address indicated below.

 

 

 

	PARTICIPANT:	LANTRONIX, INC.
	 	 
	____________________	By:  ____________________
	Signature	 
	____________________	Title:  ____________________
	Print Name	 
	 	 
	Date: ____________________	 Date: ____________________
	 	 
	____________________	 
	Residence Address	 
	____________________	 

 

 

 

 

 

 

 

 

 

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