Document:

Exhibit 10.7(c)

  

  
    

    

    OWLET BABY CARE, INC.

     

    2014 EQUITY INCENTIVE PLAN

     

    RESTRICTED STOCK UNIT AWARD AGREEMENT

     

    Unless otherwise defined herein, the terms defined in the 2014 Equity Incentive Plan, as amended (the “Plan”) shall have the same defined meanings in this Restricted Stock Unit Award Agreement (the
      “Award Agreement”).

     

    I.           

    NOTICE OF GRANT OF RESTRICTED STOCK UNIT AWARD

     

    Name:

     

    Address:

     

    The undersigned individual (the “Participant”) has been granted the right to receive a Restricted Stock Unit Award, subject to the terms and conditions of the Plan and this Award Agreement, as
      follows:

     

    

    
      	
              Date of Grant:

            	
              June __, 2017

            
	 	 
	
              Vesting Commencement Date:

            	
              February 1, 2017

            
	 	 
	
              Restricted Stock Unit Award:

            	 

      

      

      	
              Election for Withholding of Taxes:

            	

            	 	
              paying cash;

            
	
              (Check appropriate method)

            	

            	 	
              electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the amount of such Withholding Taxes;

            
	 
	 	

            	 	
              withholding the amount of such Withholding Taxes from Participant’s paycheck(s); OR

               

            
	 
	 	

            	 	
              delivering to the Company already vested and owned Shares having a Fair Market Value equal to such Withholding Taxes.

            
	 
	 	 	 	 
	
              Vesting Schedule:

            	 	 	 

    

     

    

    Subject to any acceleration provisions contained in the Plan, the Restricted Stock Unit Award will vest in accordance with the following schedule:

     

    (i) 5/12th of the Restricted Stock Unit Award shall vest on July 1, 2017; and (ii) an additional 1/12th of the Restricted Stock Unit Award shall vest at the end of each full month thereafter, such that all of the Restricted Stock Unit Award shall become fully vested on
      February 1, 2018, subject in all such cases to the Participant providing Continuous Service to the Company through and on such dates. In the event that Participant’s Continuous Service ceases for any or no reason before Participant fully vests in the
      Restricted Stock Unit Award, the unvested portion of the Restricted Stock Unit Award and Participant’s right to acquire any shares of Common Stock (the “Shares”) for such unvested portion hereunder will be forfeited and shall immediately terminate.

     

    II.          

    AGREEMENT

     

    1.           

    Grant of Restricted Stock Unit Award.  The Company hereby grants to the Participant named in the Notice of Grant of Restricted Stock Unit Award in Part I of this Award
      Agreement under the Plan a Restricted Stock Unit Award, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference.  Subject to Section 10(b) 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.

     

    
      

      -1-

      
        

      

    

    2.           

    Company’s Obligation to Pay.  The Restricted Stock Unit Award represents the right to receive Shares on each date that a portion of the Restricted Stock Unit Award
      vests.  Unless and until the a portion of the Restricted Stock Unit Award will have vested in the manner set forth in Part I of this Award Agreement, Participant will have no right to payment of any portion of such Restricted Stock Unit Award.  Prior
      to actual payment of any vested portion of a Restricted Stock Unit Award, such vested portion of the Restricted Stock Unit Award will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

     

    3.           

    Participant’s Representations. In the event the Shares have not been registered under the Securities Act at the time any vested portion of the Restricted Stock Unit
      Award is paid to Participant, Participant shall, if required by the Company, concurrently with the receipt of all or any portion of this Restricted Stock Unit Award, deliver to the Company his or her Investment Representation Statement in the form
      attached hereto as Exhibit A.

     

    4.           

    Vesting Schedule.  Except as provided in Section 6, and subject to Section 7, the Restricted Stock Unit Award will vest in accordance with the vesting schedule set forth
      in Part I of this Award Agreement, subject to Participant providing Continuing Service to the Company through each applicable vesting date.

     

    5.           

    Lock-Up Period. Participant hereby agrees that Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option
      or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that
      transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company held by Participant (other than those included in the registration) for a period specified by the
      representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and
        opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto).

     

    Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give
      further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may
      be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 5
      shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar
      forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred and eighty (180)
      day (or other) period. Participant agrees that any transferee of any vested portion of the Restricted Stock Unit Award or Shares acquired pursuant to the Restricted Stock Unit Award shall be bound by this Section 5.

     

    
      

      -2-

      
        

      

    

    6.           

    Payment after Vesting.  Subject to Section 10, any vested portion of a Restricted Stock Unit Award that 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 the next paragraph, such vested portion of the Restricted Stock Unit Award shall be paid in whole Shares as soon as practicable after
      vesting, but in each such case within the period ending no later than the fifteenth (15th) day of the third (3rd) month following the end of the calendar year, or if later, the
        end of the Company’s tax year, in either case that includes the vesting date.  In no event will Participant be permitted, directly or indirectly, to specify the taxable year of payment of any vested portion of a Restricted Stock Unit Award
      payable under this Award Agreement.

     

    Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Restricted
      Stock Unit Award is accelerated in connection with the termination of Participant’s Continuous Service (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by
        the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination
        of Participant’s Continuous Service and (y) the payment of such accelerated portion of the Restricted Stock Unit Award will result in the imposition of additional tax under Section 409A if paid to Participant
        on or within the six (6) month period following the termination of Participant’s Continuous Service, then the payment of such accelerated RSUs will not be made until the date six (6) months and one (1) day following the date of the termination of Participant’s Continuous Service, unless the Participant dies following his or her termination of Continuous Services, in which case, the RSUs will be
        paid in Shares to the Participant’s estate as soon as practicable following his or her death.  It is the intent of this Agreement to comply with the requirements
        of Section 409A so that no portion of the Restricted Stock Unit Award 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 so comply.  For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder,
        as each may be amended from time to time.

     

    7.          

     Forfeiture Upon Termination of Continuous Service.  Notwithstanding any contrary provision of this Award Agreement, if Participant’s Continuous Service to the Company
      ceases for any or no reason, the then-unvested portion of the Restricted Stock Unit Award will thereupon be forfeited at no cost to the Company and Participant will have no further rights thereunder.

     

    8.           

    Tax Consequences.  Participant has reviewed with his or her own tax advisors the U.S. federal, state, local and foreign 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.

     

    9.          

    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.

     

    
      

      -3-

      
        

      

    

    10.        

    Tax Withholding. Pursuant to such procedures as the Administrator may specify from time to time, the Company shall withhold the minimum amount required to be withheld
      for the payment of income, employment and other taxes which the Company determines must be withheld (the “Withholding Taxes”).  As indicated in Part I of this Award Agreement, the Participant shall satisfy such
        Withholding Taxes, in whole or in part (without limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the amount of such Withholding Taxes, (c) withholding the
        amount of such Withholding Taxes from Participant’s paycheck(s), or (d) delivering to the Company already vested and owned Shares having a Fair Market Value equal to such Withholding Taxes.  If the Participant does not specify how such Withholding
        Taxes will be satisfied, to the extent determined appropriate by the Company in its discretion, it shall have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to
        Participant.  If Participant fails to make satisfactory arrangements for the payment of such Withholding Taxes hereunder at the time any applicable portion of the Restricted Stock Unit Award otherwise is scheduled to vest pursuant to Sections 4 or
        6, Participant will permanently forfeit such vested portion of Restricted Stock Unit Award and any right to receive Shares thereunder and such portion of the Restricted Stock Unit Award 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 Withholding Taxes are not delivered at the time they are due.

     

    11.         

    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 will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant.  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.

     

    12.         

    No Guarantee of Continued Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNIT AWARD PURSUANT TO THE VESTING SCHEDULE HEREOF IS
      EARNED ONLY BY PROVIDING CONTINUOUS SERVICE AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) 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 PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S CONTINOUS
      TO THE COMPANY AT ANY TIME, WITH OR WITHOUT CAUSE.

     

    13.         

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

     

    14.         

    Company’s Right of First Refusal.  Shares of Common Stock that Participant acquires pursuant to this Award Agreement are subject to any right of first refusal that may
      be described in the Company’s bylaws in effect at such time the Company elects to exercise its right.  The Company’s right of first refusal shall expire on the first date upon which any security of the Company is listed (or approved for listing) upon
      notice of issuance on a national securities exchange or quotation system.

     

    
      

      -4-

      
        

      

    

    15.          

    Restrictive Legends and Stop-Transfer Orders.

     

    (a)          

    Legends.  Participant understands and agrees that the Company shall cause the legends set forth below or legends substantially equivalent thereto, to be placed upon any
      certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws:

    

    

    THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER
      THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

    

    

    THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL IN FAVOR OF THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE RESTRICTED STOCK
      UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER.  SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL IN FAVOR OF THE ISSUER OR ITS ASSIGNEE(S)
      ARE BINDING ON TRANSFEREES OF THESE SHARES.

    

    

    THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES
      SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER.

    

    

    (b)          

    Stop-Transfer Notices.  Participant agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop
      transfer” instructions to its transfer agent, if any, and that, if the Company  transfers its own securities, it may make appropriate notations to the same effect in its own records.

    

    

    (c)           

    Refusal to Transfer.  The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the
      provisions of this Award Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.

    

    

    16.          

    Notice.  Any notice, demand or request required or permitted to be given by either the Company or Participant pursuant to the terms of this Agreement shall be in writing
      and shall be deemed given when delivered personally or deposited in the U.S. mail, First Class with postage prepaid, and addressed to the parties at the addresses of the parties set forth at the end of this Agreement or such other address as a party
      may request by notifying the other in writing.

     

    
      

      -5-

      
        

      

    

    17.         

    Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to the Restricted Stock Unit Award
      under the Plan or any future Restricted Stock Unit Awards that 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 another third party designated by the Company.

     

    18.         

    No Waiver.  Either party’s failure to enforce any provision or provisions of this 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 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 Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of
      the successors and assigns of the Company.  Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Participant and his or her heirs, executors, administrators, successors and assigns.  The rights and
      obligations of Participant under this 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 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 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.  Where the Company
        determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of Shares
        will no longer cause such violation.  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.

     

    21.        

    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 portion of the Restricted Stock Unit Award has 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.

     

    22.         

    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 Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Restricted Stock Unit Award.

     

    
      

      -6-

      
        

      

    

    23.         

    Governing Law; Severability.  This Award Agreement is governed by the internal substantive laws, but not the choice of law rules, of Delaware.  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.          

    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award Agreement (including the 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.

     

    Participant acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award Agreement subject to all of the
      terms and provisions thereof.  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 this
      Award Agreement.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Award Agreement.  Participant further agrees to notify the
      Company upon any change in the residence address indicated below.

    

    

    	
            PARTICIPANT:

          	 	
            OWLET BABY CARE, INC.

          
	 	 	  
	 	 	  
	
            Signature

          	 	
            By

          
	 	 	  
	 	 	  
	
            Print Name

          	 	
            Title

          
	 	 	  
	
            Residence Address:

          	 	  
	 	 	  
	 	 	  
	 	 	  
	 	 	  

     

    
      

      -7-

      
        

      

    

    EXHIBIT A

     

    INVESTMENT REPRESENTATION STATEMENT

    

    
      	PARTICIPANT 

            	
               : 

              

            	
               

            
	
               

            	
               

            	
               

            
	COMPANY	:  

            	 OWLET BABY CARE, INC.
	
               

            	
               

            	
               

            
	SECURITY	:	COMMON STOCK
	
               

            	
               

            	
               

            
	AMOUNT 

            	:	
               

            
	 	 	 
	DATE	:	
               

            

    

     

    

    In connection with the receipt of the above-listed Securities, the undersigned Participant represents to the Company the following:

     

    (a)           

    Participant is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable
      decision to acquire the Securities. Participant is acquiring these Securities for investment for Participant’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities
      Act of 1933, as amended (the “Securities Act”).

     

    (b)         

    Participant acknowledges and understands that the Securities constitute “restricted securities” under the Securities Act and have not been registered under the Securities Act
      in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein. In this connection, Participant understands that, in the view of the
      Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Participant’s representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period specified under
      tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. Participant further understands that the Securities must be held
      indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Participant further acknowledges and understands that the Company is under no obligation to register the Securities.
      Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable state securities laws.

     

    (c)          

    Participant is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the Securities Act, which, in substance, permit limited public resale of
      “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions.  Rule 701 provides that if the issuer qualifies under Rule 701 at the time of the grant of
      the Restricted Stock Unit Award to Participant, the exercise shall be exempt from registration under the Securities Act.  In the event the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of
      1934, ninety (90) days thereafter (or such longer period as any market stand-off agreement may require) the Securities exempt under Rule 701 may be resold, subject to the satisfaction of the applicable conditions specified by Rule 144, including in
      the case of affiliates (1) the availability of certain public information about the Company, (2) the amount of Securities being sold during any three (3) month period not exceeding specified limitations, (3) the resale being made in an unsolicited
      “broker’s transaction”, transactions directly with a “market maker” or “riskless principal transactions” (as those terms are defined under the Securities Exchange Act of 1934) and (4) the timely filing of a Form 144, if applicable.

    

    

    
      

      -8-

      
        

      

    

    
    In the event that the Company does not qualify under Rule 701 at the time of grant of the Restricted Stock Unit Award, then the Securities may be resold in certain limited circumstances subject to
      the provisions of Rule 144, which may require (i) the availability of current public information about the Company; (ii) the resale to occur more than a specified period after the purchase and full payment (within the meaning of Rule 144) for the
      Securities; and (iii) in the case of the sale of Securities by an affiliate, the satisfaction of the conditions set forth in sections (2), (3) and (4) of the paragraph immediately above.

     

    (d)           

    Participant further understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act, compliance
      with Regulation A, or some other registration exemption shall be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons
      proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rules 144 or 701 shall have a substantial burden of proof in establishing that an exemption from registration is available for such
      offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. Participant understands that no assurances can be given that any such other registration exemption shall be available in
      such event.

    

    

    
      	 	
              PARTICIPANT

            
	 	 
	 	 
	 	
              Signature

            
	 	 
	 	 
	 	
              Print Name

            
	 	 
	 	 
	 	
              Date

            

      

      

       

      

       -9-Exhibit 10.8

    

     

      

     
      	
              OWLET BABY CARE INC.

              2500 EXECUTIVE PARKWAY SUITE 500

              LEHI, UT 84043

            	

    

     

    

     March 29, 2021

    

    

    Mike Abbott

    

    

    Dear Mike,

    

    

    You and Owlet Baby Care Inc. (“Owlet”) are parties to employment change offer letters executed on February 8, 2021, January 26, 2021 and December 13, 2019 (the “Change Letters”), and an employment offer letter executed on January 26, 2018 (the
      “Original Offer Letter”), which set forth the terms and conditions of your employment with Owlet.  This letter amends and restates the Change Letters and the Original Offer Letter in its entirety and reflects the changes to the terms of your
      continued employment with Owlet in the position of President and reporting to the Board of Directors. By signing this letter, your Original Offer Letter and Change
      Letters will be of no further force or effect and you will be accepting continued employment on the following terms.

    

    

    Base Salary: You will receive a bi-weekly amount of $17,307.69, the equivalent of $450,000 annually.

    

    

    Status: Full-time, Salary Exempt.

    

    

    Bonus Potential 2021:  Based on the achievement of performance goals set by the Board of Directors, you are eligible for an annual bonus of 50% of your base salary (the “Annual Bonus”), payable on or before
      March 15, 2022.

    

    

    Severance:  In the event that Owlet terminates your employment for other than Cause (as defined below), then, subject to your delivery to Owlet of a general release of claims in a form acceptable to Owlet
      (a “Release”) that becomes effective and irrevocable within 60 days following your termination of employment (or such shorter time as specified by Owlet) and your continued compliance with all applicable restrictive covenants, including, without
      limitation, your Confidentiality Agreement (as defined below), Owlet will pay you a cash severance payment equal to (i) 12 months of your annual base salary at the
      rate in effect immediately prior to your date of termination plus (ii) if and only if your employment is terminated other than for Cause on or prior to December 31, 2021, a prorated portion of your target Annual Bonus assuming achievement of the
      performance goals at 100% based on the number of days you were employed by the Company during 2021, less required withholding taxes and authorized deductions, in a single lump sum on the first payroll date following the date your release of claims
      becomes effective and irrevocable (subject to the terms and conditions set forth on Exhibit A).

    

    

    For the purposes of this letter, “Cause” means (i) your conviction of, or the entering a plea of guilty or no contest to, any felony or any crime involving moral turpitude, (ii) your commission of an act of fraud, embezzlement, misappropriation,
      willful misconduct or breach of fiduciary duty against Owlet or other similar conduct, (iii) your commission of a material breach of any of the covenants, terms and provisions of the Confidentiality Agreement, this offer letter of employment with
      Owlet, or any other agreement between you and Owlet which is entered into after the date of this offer letter, (iv) your misrepresentation of any material fact to Owlet or Owlet’s board of directors, as determined by the board of directors, in its
      sole discretion, or (v) your willful and repeated failure to perform assigned duties or responsibilities as Owlet’s President, which failure is not corrected by you to the satisfaction of Owlet within fifteen (15) days after written notice from
      Owlet.

    

    

    Cash Compensation:

    

    

    
      	
              •

            	
              $125,000, less applicable withholdings and deductions – paid on April 27, 2021 or after the closing of closing of the transactions contemplated by that certain Business Combination
                Agreement entered into on or about February 15, 2021, by and among Owlet, Sandbridge Acquisition Corporation, a Delaware corporation, and Project Olympus Merger Sub, Inc., a Delaware corporation, whichever occurs first, subject to your
                continued employment through such earlier date.

            

    

    

    

    Reimbursement of Expenses: All reasonable business expenses that are documented by you, with receipts, and incurred in the ordinary course of business will be reimbursed in accordance with the Company’s
      standard policies and procedures.

    
      
        

    

    

      	
               OWLET BABY CARE INC.

              2500 EXECUTIVE PARKWAY SUITE 500

              LEHI, UT 84043

            	

    

     

      

    Employee Benefits: You will continue to be eligible to participate in Company-sponsored benefits including health benefits, holidays, 401(k) program with employer match, and other benefits that the Company
      may offer to similarly-situated employees from time to time. Your continued eligibility to receive such benefits will be subject in each case to the generally applicable terms and conditions for the benefits in question and to the determinations of
      any person or committee administering such benefits. You will continue to be covered by worker’s compensation insurance, state disability insurance and other governmental benefit programs as required by state law.

    

    

    The Company may from time to time, in its sole discretion, amend or terminate the benefits available to you and the Company’s other employees.

    

    

    Options:  If for any reason you are terminated for other than Cause, then 100% of the then-unvested shares subject to any outstanding options you hold at the time of such termination shall automatically
      vest on the date of such termination, contingent upon your execution and delivery, and not revoking, of a Release within sixty (60) days following your termination date (or such shorter time as specified by Owlet), and your continued compliance with
      all applicable restrictive covenants, including without limitation, your Confidentiality Agreement.

    

    

    At-Will Employment: Your employment with the Company is “at-will.” In other words, either you or the Company can terminate your employment at any time for any reason, with or without cause and with or
      without notice, without liability except as expressly set forth in this letter. No representative of the Company has authority to enter into any agreement contrary to the foregoing “employment at will” relationship.

    

    

    Adjustments and Changes in Employment Status: The Company reserves the right to make personnel decisions regarding your employment, including but not limited to, decisions regarding any transfers or other
      changes in duties or assignments, changes in your salary and other compensation, changes in benefits and changes in Company policies or procedures.

     

    

    Proprietary Information Agreement: You acknowledge and agree to be bound by and abide by the terms of that certain Proprietary Information and Inventions Agreement by and between you and the Company (the
      “Confidentiality Agreement”), which include, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of the Company’s proprietary information.

     

    

    No Conflicting Obligations: By executing this letter, you represent and warrant that your performance of this letter does not and will not breach any agreement you have entered into, or will enter into, with
      any other party. You must disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. You shall not engage in any
      other employment, occupation, consulting, or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that
      conflict with your obligations to the Company. Similarly, you agree not to bring any third-party confidential information to the Company, including that of any former employer, and that you will not in any way utilize any such information in
      performing your duties for the Company. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. By signing this letter, you represent and
      warrant that: (i) you are not subject to any pre-existing contractual or other legal obligation with any person, company or business enterprise which may be an impediment to, or a conflict of interest with, your employment with the Company, or your
      providing services to the Company as its employee; (ii) you do not have and shall not bring onto the Company’s premises, or use in the course of your employment with the Company, any confidential or proprietary information of another person, company
      or business enterprise to whom you previously provided services; and (iii) you will not, at any time during your employment with the Company, breach any obligation or agreement that you have entered into with any third party, including your former
      employers. You agree not to enter into any written or oral agreement that conflicts with this letter.

    

    

    Integrated Agreement: This letter supersedes any prior agreements, representations or promises of any kind, whether written, oral, express or implied between the parties hereto with respect to its subject
      matter, including the Original Offer Letter and the Change Letters. Likewise, this letter will constitute the full, complete and exclusive agreement between you and the Company with respect to its subject matter. This Agreement may only be changed by
      a writing, signed by you and an authorized representative of the Company.

    
      
        

    

    

      	
              OWLET BABY CARE INC.

              2500 EXECUTIVE PARKWAY SUITE 500

              LEHI, UT 84043

            	

    

     

      

    Severability: If any term of this letter is held to be invalid, void or unenforceable, the remainder of the terms herein will remain in full force and effect and will in no way be affected, and the parties
      will use their best efforts to find an alternative way to achieve the same result.

     

    

    Governing Law: The terms of this letter and the resolution of any dispute as to the meaning, effect, performance or validity of this letter or arising out of, related to, or in any way connected with, this
      letter, your employment with the Company or any other relationship between you and the Company (a “Dispute”) will be governed by the laws of the State of Utah, without giving effect to the principles of conflict of laws. To the extent not subject to
      arbitration as described in the Mutual Agreement to Arbitrate Claims entered into by and between you and the Company, you and the Company consent to the exclusive jurisdiction of, and venue in, the state courts in Utah County in the State of Utah (or
      in the event of exclusive federal jurisdiction, the courts of the District of Utah in connection with any Dispute or any claim related to any Dispute).

     

    

    To confirm your agreement with and acceptance of these terms, please sign this letter and return it to me.

    

    

    Sincerely,

    

    

    Owlet Baby Care Inc.

    

    

    /s/ Kim Arnold

    

    

    Kim Arnold

    Director of Human Resources

    kim.a@owletcare.com

    801-901-0336

    

    

    Acknowledgment and Acceptance of Amended and Restated Employment Offer

    

    

    I accept continued employment with Owlet Baby Care Inc. and acknowledge and fully agree to the terms and conditions set forth in this amended and restated offer letter:

    

    

    	
            /s/ Mike Abbott

          	
                03/30/2021

          	 
	
            Mike Abbott

          	
            Date

          	 

    
      
        

    

    
       

      

      	
              OWLET BABY CARE INC.

              2500 EXECUTIVE PARKWAY SUITE 500

              LEHI, UT 84043

            	

    

     

    

    EXHIBIT A

    

    

    The payment and benefits under the letter are intended to qualify for an exemption from application of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or comply with its requirements to the extent necessary to avoid
      adverse personal tax consequences under Section 409A of the Code.  To the extent that any provision of the letter is ambiguous as to its exemption from or compliance with Section 409A of the Code, the provision shall be read in such a manner so that
      all payments hereunder are exempt from, or if not exempt from, comply with, Section 409A of the Code.

    

    

    Anything in the letter to the contrary notwithstanding, if at the time of your separation from service within the meaning of Section 409A of the Code, Owlet determines that you are a “specified employee” within the meaning of Section
      409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that you become entitled to under the letter on account of your separation from service would be considered deferred compensation subject to additional tax imposed pursuant to
      Section 409A(a) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after your separation from service, or (B) your death.

    

    

    Your right, if any, to receive installment payments pursuant to the letter shall be treated as a right to receive a series of separate and distinct payments.

    

    

    To the extent that any reimbursements payable pursuant to the letter are subject to the provisions of Section 409A of the Code, any such reimbursements payable to you pursuant to the letter shall be paid to you no later than December 31 of the
      year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and your right to reimbursement under the letter will not be
      subject to liquidation or exchange for another benefit.

    

    

    Notwithstanding anything in the letter to the contrary, if any payment or distribution you would receive pursuant to this letter or otherwise (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code,
      and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Owlet shall cause to be determined, before any amounts of the Payment are paid to you, which of the following alternative forms
      of payment would maximize your after-tax proceeds: (A) payment in full of the entire amount of the Payment or (B) payment of only a part of the Payment so that you receive that largest Payment possible without being subject to the Excise Tax,
      whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax (all computed at the highest marginal rate, net of the maximum reduction in federal income taxes which could be obtained
      from a deduction of such state and local taxes), results in your receipt, on an after-tax basis, of the greater amount of the Payment, notwithstanding that all or some portion the Payment may be subject to the Excise Tax. If necessary, the specific
      Payments that shall be reduced will occur in the following order: (1) reduction of cash payments; (2) cancellation of accelerated vesting of equity awards other than stock options; (3) cancellation of accelerated vesting of stock options; and (4)
      reduction of other benefits payable to you.  All determinations shall be made by such adviser as may be selected by Owlet, provided, that the adviser’s determination shall be made based upon “substantial authority” within the meaning of Section 6662
      of the Code.  The adviser shall provide its determination, together with detailed supporting calculations and documentation, to you and Owlet within fifteen (15) business days following the date of termination of your employment, if applicable, or
      such other time as requested by you (provided, that you reasonably believe that any of the Payments may be subject to the Excise Tax) or Owlet.  All reasonable fees and expenses of the adviser in reaching such a determination shall be borne solely by
      Owlet.

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