Document:

EX-10.10(b)

 Exhibit 10.10(b) 

NOTICE OF GRANT OF NON-QUALIFIED STOCK OPTION 

ACM RESEARCH, INC. 
 2016
OMNIBUS INCENTIVE PLAN 
 FOR GOOD AND VALUABLE CONSIDERATION, ACM Research, Inc. (the “Company”) hereby grants,
pursuant to the provisions of the ACM Research, Inc. 2016 Omnibus Incentive Plan (the “Plan”), to the Grantee designated in this Notice of Grant of Non-qualified Stock Option (“Notice of Grant”) a Non-qualified
Stock Option to purchase the number of Shares set forth in this Notice of Grant (the “Option”), subject to certain terms and conditions as outlined below in this Notice of Grant and the additional terms and conditions set forth in
the attached Terms and Conditions of Stock Option (together with this Notice of Grant, the “Award Agreement”). 
  

	 Grantee:  
	[Name] 

  

	 Type of Option:  
	Non-qualified Stock Option 

  

	 Grant Date:  
	[Date] 

  

	 Number of Shares Purchasable:  
	[####] 

  

	 Option Price per Share:  
	$[#.##], which is the Fair Market Value as of the Grant Date 

  

	 Expiration Date:  
	[Date], which is [10] years from the Grant Date 

  

	 Exercisability Schedule:  
	[Insert schedule - time-based or performance-based] 

  

	 	Notwithstanding the foregoing Exercisability Schedule, exercisability of all or some portion of the Option may be accelerated in accordance with the terms and conditions of Section 2(c) of the attached Terms and
Conditions. 

  

	 Exercise after Separation from Service: 
	Separation from Service for any reason other than death, Disability or Cause: any non-exercisable portion of the Option expires immediately and any exercisable portion of the Option remains exercisable for 90 days following
Separation from Service for any reason other than death, Disability or Cause. 

  

	 	Separation from Service due to death or Disability: any non-exercisable portion of the Option expires immediately and any exercisable portion of the Option remains exercisable for 12 months following
Separation from Service due to death or Disability. 

  

	 	Separation from Service for Cause: the entire Option, including any exercisable and non-exercisable portion, expires immediately upon Separation from Service for Cause. 

 

	 	IN NO EVENT MAY THE OPTION BE EXERCISED AFTER THE EXPIRATION DATE AS PROVIDED ABOVE. 

  
 Notice of Grant - Page 1

 By signing below, the Grantee agrees that the Option is granted under and governed by the terms and conditions of
the Plan and the Award Agreement, as of the Grant Date. 
  

									
	GRANTEE	 		 	ACM RESEARCH, INC.
					
	Sign Name:	 	 	 		 	Sign Name:	 	 
	Print Name:	 	 	 		 	Print Name:	 	 
		 		 		 	Title:	 	 

  
 Notice of Grant - Page 2

 TERMS AND CONDITIONS OF STOCK OPTION 

1. Grant of Option. The Option granted to the Grantee and described in the Notice of Grant is subject to the terms and conditions of
the Plan. The terms and conditions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, the Award Agreement shall be construed in accordance with the terms and conditions of the Plan. Any
capitalized term not otherwise defined in the Award Agreement shall have the definition set forth in the Plan. 
 The Committee has approved
the grant to the Grantee of the Option, conditioned upon the Grantee’s acceptance of the terms and conditions of the Award Agreement within 60 days after the Award Agreement is presented to the Grantee for review. 

2. Exercise of Option. 

(a) Right to Exercise. The Option shall be exercisable, in whole or in part, during its term in accordance with the Exercisability
Schedule set forth in the Notice of Grant and with the applicable provisions of the Plan and the Award Agreement. No Shares shall be issued pursuant to the exercise of the Option unless the issuance and exercise comply with applicable laws. Assuming
such compliance, for income tax purposes the Shares shall be considered transferred to the Grantee on the date on which the Option is exercised with respect to such Shares. Until such time as the Option has been duly exercised and Shares have been
delivered, the Grantee shall not be entitled to exercise any voting rights with respect to such Shares, shall not be entitled to receive dividends or other distributions with respect thereto and shall not have any other rights of a Stockholder with
respect thereto. 
 (b) Method of Exercise. The Grantee may exercise the Option by delivering an exercise notice in a form approved by
the Company (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised, and such other representations and agreements as may be required
by the Company. The Exercise Notice shall be accompanied by payment of the aggregate Option Price as to all Shares exercised. The Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied
by the aggregate Option Price (as well as any applicable withholding or other taxes). 
 (c) Acceleration of Exercisability under Certain
Circumstances. [The exercisability of the Option shall not be accelerated under any circumstances, except as otherwise provided in the Plan.] 

3. Method of Payment. If the Grantee elects to exercise the Option by submitting an Exercise Notice in accordance with Section 2(b)
above, the aggregate Option Price (as well as any applicable withholding or other taxes) shall be paid by cash or check; provided, however, that the Committee may, but is not required to, consent to payment in any of the following forms, or a
combination of them: 
 (a) cash or check; 

(b) a “net exercise” under which the Company reduces the number of Shares issued upon exercise by the largest whole number of Shares
with a Fair Market Value that does not exceed the aggregate Option Price and any applicable withholding, or such other consideration received by the Company under a cashless exercise program approved by the Company in connection with the Plan; 

(c) surrender of other Shares owned by the Grantee that have a Fair Market Value on the date of surrender equal to the aggregate Option Price
of the exercised Shares and any applicable withholding; or 

  
 Terms and Conditions -
Page 1 

 (d) any other consideration that the Committee deems appropriate and in compliance with
applicable law. 
 4. Restrictions on Exercise. The Option may not be exercised until such time as the Plan has been approved by the
Stockholders, or if the issuance of the Shares upon exercise or the method of payment of consideration for those Shares would constitute a violation of any applicable law, regulation or Company policy. 

5. Transferability. 
 (a)
The Option may not be transferred in any manner other than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Grantee only by the Grantee[; provided, however, that the Grantee may transfer
the Option (i) pursuant to a domestic relations order by a court of competent jurisdiction or (ii) to any Family Member of the Grantee in accordance with Section 17.11.2 of the Plan (entitled “Family Transfers,” or any
successor provision thereto) by delivering to the Company a notice of assignment in a form acceptable to the Company. No transfer or assignment of the Option to or on behalf of a Family Member under this Section 5 shall be effective until the
Company has acknowledged such transfer or assignment in writing]. 
 (b) Without limitation of Section 9 below, any Issued Shares in
connection with the Option shall be subject to the Company’s right of first refusal under Section 17.4.1 of the Plan (entitled “Right of First Refusal,” or any successor provision thereto), the Company’s right of repurchase
under Section 17.4.2 of the Plan (entitled “Right of Repurchase,” or any successor provision thereto), the market standoff requirement under Section 17.5 of the Plan (entitled “Market Standoff Requirement,” or any
successor provision thereto), and the transfer restrictions under Section 17.11.3 of the Plan (entitled “Issued Shares,” or any successor provision thereto). 

6. Term of Option. The Option may be exercised only within the term set forth in the Notice of Grant, and may be exercised during such
term only in accordance with the Plan and the terms of the Award Agreement. 
 7. Withholding. 

(a) The Committee shall determine the amount of any withholding or other tax required by law to be withheld or paid by the Company with respect
to any income recognized by the Grantee with respect to the Option. 
 (b) The Grantee shall be required to meet any applicable tax
withholding obligation in accordance with the provisions of Section 17.3 of the Plan (entitled “Withholding Taxes,” or any successor provision thereto). 

(c) Subject to any rules prescribed by the Committee, the Grantee shall have the right to elect to meet any withholding requirement (i) by
having withheld from the Option at the appropriate time that number of whole Shares whose Fair Market Value is equal to the amount of any taxes required to be withheld with respect to the Option, (ii) by direct payment to the Company in cash of
the amount of any taxes required to be withheld with respect to the Option or (iii) by a combination of Shares and cash. 
 8.
Adjustment. Upon any event described in Section 15 of the Plan (entitled “Effect of Changes in Capitalization,” or any successor provision thereto) occurring after the Grant Date, the adjustment provisions as provided for under
Section 15 of the Plan (or any successor provision thereto) shall apply to the Option. 

  
 Terms and Conditions -
Page 2 

 9. Bound by Plan and Committee Decisions. By accepting the Option, the Grantee
acknowledges that the Grantee has received a copy of the Plan, has had an opportunity to review the Plan, and agrees to be bound by all of the terms and conditions of the Plan. In the event of any conflict between the provisions of the Award
Agreement and the Plan, the provisions of the Plan shall control. The authority to manage and control the operation and administration of the Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with
respect to the Award Agreement as it has with respect to the Plan. Any interpretation of the Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to the Award Agreement or the Plan shall be final and
binding on all persons. 
 10. Grantee Representations. The Grantee hereby represents to the Company that the Grantee has read and
fully understands the provisions of the Award Agreement and the Plan and that the Grantee’s decision to participate in the Plan is completely voluntary. Further, the Grantee acknowledges that the Grantee is relying solely on his or her own
advisors with respect to the tax consequences of the Option. 
 11. Regulatory Limitations on Exercises. Notwithstanding the other
provisions of the Award Agreement, the Committee may impose such conditions, restrictions, and limitations (including suspending the exercise of the Option and the tolling of any applicable exercise period during such suspension) on the issuance of
Common Stock with respect to the Option unless and until the Committee determines that such issuance complies with (a) any applicable registration requirements under the Securities Act or the Committee has determined that an exemption therefrom
is available, (b) any applicable listing requirement of any stock exchange on which the Common Stock is listed, (c) any applicable Company policy or administrative rules, and (d) any other applicable provision of state, federal, or
foreign law, including foreign securities laws where applicable. 
 12. Miscellaneous. 

(a) Notices. Any notice that either party hereto may be required or permitted to give to the other shall be in writing and may be
delivered personally, by intraoffice mail, by fax, by electronic mail or other electronic means, or via a postal service, postage prepaid, to such electronic mail or postal address and directed to such person as the Company may notify the Grantee
from time to time; and to the Grantee at the Grantee’s electronic mail or postal address as shown on the records of the Company from time to time, or at such other electronic mail or postal address as the Grantee, by notice to the Company, may
designate in writing from time to time. 
 (b) Waiver. The waiver by any party hereto of a breach of any provision of the Award
Agreement shall not operate or be construed as a waiver of any other or subsequent breach. 
 (c) Entire Agreement. The Award
Agreement and the Plan constitute the entire agreement between the parties with respect to the Option. Any prior agreements, commitments, or negotiations concerning the Option are superseded. 

(d) Binding Effect; Successors. The obligations and rights of the Company under the Award Agreement shall be binding upon and inure to
the benefit of the Company and any successor corporation or organization resulting from the merger, consolidation, sale, or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the
assets and business of the Company. The obligations and rights of the Grantee under the Award Agreement shall be binding upon and inure to the benefit of the Grantee and the beneficiaries, executors, administrators, heirs, and successors of the
Grantee. 
 (e) Governing Law; Consent to Jurisdiction; Consent to Venue. The Award Agreement shall be construed and interpreted in
accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other
than the State of Delaware. For purposes of resolving any 

  
 Terms and Conditions -
Page 3 

 
dispute that arises directly or indirectly from the relationship of the parties evidenced by the Option or the Award Agreement, the parties hereto hereby submit to and consent to the exclusive
jurisdiction of the State of Delaware and agree that any related litigation shall be conducted solely in the state courts of Delaware or the federal courts for the State of Delaware, and no other courts. 

(f) Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or
affect the meaning or interpretation of any of the terms or provisions of the Award Agreement. 
 (g) Amendment. The Award Agreement
may be amended at any time by the Committee, provided that no amendment may, without the consent of the Grantee, materially impair the Grantee’s rights with respect to the Option. 

(h) Severability. The invalidity or unenforceability of any provision of the Award Agreement shall not affect the validity or
enforceability of any other provision of the Award Agreement, and each other provision of the Award Agreement shall be severable and enforceable to the extent permitted by law. 

(i) No Rights to Service. Nothing contained in the Award Agreement shall be construed as giving the Grantee any right to be retained, in
any position, as a director, officer, employee, or consultant of the Company or its Affiliates, or shall interfere with or restrict in any way the rights of the Company or its Affiliates, which are hereby expressly reserved, to remove, terminate, or
discharge the Grantee at any time for any reason whatsoever or for no reason, subject to the Company’s articles of incorporation, bylaws, and other similar governing documents and applicable law. 

(j) Section 409A. It is intended that the Award Agreement and the Option will be exempt from (or in the alternative will comply
with) Code Section 409A, and the Award Agreement shall be administered accordingly and interpreted and construed on a basis consistent with such intent. This Section 12(j) shall not be construed as a guarantee of any particular tax effect
for the Grantee’s benefits under the Award Agreement and the Company does not guarantee that any such benefits will satisfy the provisions of Code Section 409A or any other provision of the Code. 

(k) Further Assurances. The Grantee agrees, upon demand of the Company or the Committee, to do all acts and execute, deliver, and
perform all additional documents, instruments, and agreements that may be reasonably required by the Company or the Committee, as the case may be, to implement the provisions and purposes of the Award Agreement and the Plan. 

(l) Confidentiality. The Grantee agrees that the terms and conditions of the Option award reflected in the Award Agreement are strictly
confidential and, with the exception of the Grantee’s counsel, tax advisor, immediate family, or as required by applicable law, have not and shall not be disclosed, discussed, or revealed to any other persons, entities, or organizations,
whether within or outside Company, without prior written approval of Company. The Grantee shall take all reasonable steps necessary to ensure that confidentiality is maintained by any of the individuals or entities referenced above to whom
disclosure is authorized. 

  
 Terms and Conditions -
Page 4EX-10.10(c)

 Exhibit 10.10(c) 

NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

ACM RESEARCH, INC. 
 2016
OMNIBUS INCENTIVE PLAN 
 FOR GOOD AND VALUABLE CONSIDERATION, ACM Research, Inc. (the “Company”) hereby grants,
pursuant to the provisions of the ACM Research, Inc. 2016 Omnibus Incentive Plan (the “Plan”), to the Grantee designated in this Notice of Grant of Restricted Stock Units (“Notice of Grant”), the number of restricted stock
units (“RSUs”) set forth in this Notice of Grant (the “Award”), subject to certain terms and conditions as outlined below in this Notice of Grant and the additional terms and conditions set forth in the attached
Terms and Conditions of Restricted Stock Units (the “Terms and Conditions,” and together with this Notice of Grant, the “Award Agreement”). 
  

	 Grantee:  
	[Name] 

  

	 Grant Date:  
	[Date] 

  

	 Number of RSUs Granted:  
	[####] 

  

	 Definition of RSU:  
	Each RSU shall entitle the Grantee to receive one Share at such future date or dates and subject to such terms and conditions as set forth in the Award Agreement. 

 

	 Vesting Schedule:  
	Subject to the provisions of the Terms and Conditions, the Award shall vest in accordance with the following schedule, in the event the Grantee does not have a Separation from Service prior to the applicable vesting date: [Insert schedule -
time-based or performance-based] 

  

	 Acceleration of Vesting on Separation from Service:  
	[Add provisions if applicable; otherwise delete.] 

  

	 Acceleration of Vesting on Change in Control:  
	[Add provisions if applicable; otherwise delete.] 

 By signing below, the Grantee agrees that the Award is granted under and
governed by the terms and conditions of the Plan and the Award Agreement, as of the Grant Date. 
  

									
	GRANTEE	 		 	ACM RESEARCH, INC.
					
	Sign Name:	 	 	 		 	Sign Name:	 	 
	Print Name:	 	 	 		 	Print Name:	 	 
		 		 		 	Title:	 	 

  
 Notice of Grant of
Restricted Stock Units - Page 1 

 TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS 

 

	1.	Grant of RSUs. 

 (a) The Award granted to the Grantee and described in the Notice of
Grant is subject to the terms and conditions of the Plan. The terms and conditions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, the Award Agreement shall be construed in accordance with the
terms and conditions of the Plan. Any capitalized term not otherwise defined in the Award Agreement shall have the definition set forth in the Plan. 

(b) The Committee has approved the grant to the Grantee of the Award, conditioned upon the Grantee’s acceptance of the terms and
conditions of the Award Agreement within 60 days after the Award Agreement is presented to the Grantee for review. 
 (c) As of the Grant
Date, the Company grants to the Grantee the number of RSUs set forth in the Notice of Grant, subject to the terms and conditions of the Plan and the Award Agreement. Each RSU shall entitle the Grantee to receive one Share, at such future date or
dates and subject to such terms and conditions as set forth in the Award Agreement. 
  

	2.	Restrictions. 

 (a) The Grantee shall have no rights or privileges of a Company
stockholder as to the RSUs prior to settlement in accordance with Section 5 of these Terms and Conditions (“Settlement”), including no right to vote or receive dividends or other distributions with respect to the RSUs; in
addition, the following provisions shall apply: 
 (i) the Grantee shall not be entitled to delivery of a certificate or certificates for
Shares in connection with the RSUs until Settlement (if at all), and upon the satisfaction of all other applicable conditions; 
 (ii) none
of the RSUs may be sold, transferred (other than by will or the laws of descent and distribution), assigned, pledged or otherwise encumbered or disposed of prior to Settlement; and 

(iii) all of the RSUs shall be forfeited and all rights of the Grantee with respect to the RSUs shall terminate in their entirety on the terms
and conditions set forth in Section 4 below. 
 (b) Any attempt to dispose of RSUs or any interest in the RSUs in a manner contrary to
the restrictions set forth in the Award Agreement shall be void and of no effect. 
  

	3.	Restricted Period and Vesting. The “Restricted Period” is the period beginning on the Grant Date and ending on the date the RSUs, or such applicable portion of the RSUs, are deemed vested under
the schedule set forth in the Notice of Grant (including the applicable accelerated vesting provisions set forth in the Notice of Grant, if any). 

  

	4.	Forfeiture. If, during the Restricted Period, (i) the Grantee incurs a Separation from Service, (ii) there occurs a material breach of the Award Agreement by the Grantee or (iii) the Grantee fails
to meet the tax withholding obligations described in Section 6 below, all rights of the Grantee to the RSUs that have not vested in accordance with Section 3 above (including pursuant to the applicable accelerated vesting provisions set
forth in the Notice of Grant, if any) shall terminate immediately and be forfeited in their entirety. 

  
 Terms and Conditions of
Restricted Stock Units - Page 1 

	5.	Settlement of RSUs. Delivery of Shares or other amounts under the Award Agreement shall be subject to the following: 

(a) The Company shall deliver to the Grantee one Share for each RSU that has vested and not otherwise been forfeited within 30 days following
the end of the applicable Restricted Period; 
 (b) Any issuance of Shares pursuant to the Award Agreement may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity; and 

(c) In the event that a certificate for Shares is delivered to the Grantee in connection with the Award, such certificate shall bear the
following legend (or such other legend as determined appropriate by the Company in its sole discretion): 
 The ownership and transferability
of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of the ACM Research, Inc. 2016 Omnibus Incentive Plan and a restricted stock unit award agreement entered into between the
registered owner and ACM Research, Inc. Copies of such plan and agreement are on file in the executive offices of ACM Research, Inc. 
 In addition, the
stock certificate or certificates for any Shares shall be subject to such stop-transfer orders and other restrictions as the Company may deem advisable under the rules, regulations and other requirements of the SEC, any stock exchange upon which the
Common Stock is then listed, and any applicable federal or state securities law, and the Company may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 

 

	6.	Withholding. 

 (a) The Committee shall determine the amount of any withholding or other
tax required by law to be withheld or paid by the Company with respect to any income recognized by the Grantee with respect to the Award. 

(b) The Grantee shall be required to meet any applicable tax withholding obligation in accordance with the provisions of Section 17.3 of
the Plan (entitled “Withholding Taxes,” or any successor provision thereto). 
 (c) Subject to any rules prescribed by the
Committee, the Grantee shall have the right to elect to meet any withholding requirement (i) by having withheld from the Award at the appropriate time that number of whole Shares whose Fair Market Value is equal to the amount of any taxes
required to be withheld with respect to the Award, (ii) by direct payment to the Company in cash of the amount of any taxes required to be withheld with respect to the Award or (iii) by a combination of Shares and cash. 

 

	7.	Issued Shares. Without limitation of Section 9 below, any Issued Shares in connection with the Award shall be subject to the Company’s right of first refusal under Section 17.4.1 of the Plan
(entitled “Right of First Refusal,” or any successor provision thereto), the Company’s right of repurchase under Section 17.4.2 of the Plan (entitled “Right of Repurchase,” or any successor provision thereto), the
market standoff requirement under Section 17.5 of the Plan (entitled “Market Standoff Requirement,” or any successor provision thereto), and the transfer restrictions under Section 17.11.3 of the Plan (entitled “Issued
Shares,” or any successor provision thereto). 

  

	8.	Adjustment. Upon any event described in Section 15 of the Plan (entitled “Effect of Changes in Capitalization,” or any successor provision thereto) occurring after the Grant Date, the adjustment
provisions as provided for under Section 15 of the Plan (or any successor provision thereto) shall apply to the Award. 

  
 Terms and Conditions of
Restricted Stock Units - Page 2 

	9.	Bound by Plan and Committee Decisions. By accepting the Award, the Grantee acknowledges that the Grantee has received a copy of the Plan, has had an opportunity to review the Plan, and agrees to be bound by all
of the terms and conditions of the Plan. In the event of any conflict between the provisions of the Award Agreement and the Plan, the provisions of the Plan shall control. The authority to manage and control the operation and administration of the
Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with respect to the Award Agreement as it has with respect to the Plan. Any interpretation of the Award Agreement or the Plan by the Committee and
any decision made by the Committee with respect to the Award Agreement or the Plan shall be final and binding on all persons. 

  

	10.	Grantee Representations. The Grantee hereby represents to the Company that the Grantee has read and fully understands the provisions of the Award Agreement and the Plan and that the Grantee’s decision to
participate in the Plan is completely voluntary. Further, the Grantee acknowledges that the Grantee is relying solely on his or her own advisors with respect to the tax consequences of the Award. 

 

	11.	Regulatory Restrictions on the RSUs. Notwithstanding the other provisions of the Award Agreement, the Committee may impose such conditions, restrictions and limitations on the issuance of Common Stock with
respect to the Award unless and until the Committee determines that such issuance complies with (a) any applicable registration requirements under the Securities Act or the Committee has determined that an exemption therefrom is available,
(b) any applicable listing requirement of any stock exchange on which the Common Stock is listed, (c) any applicable Company policy or administrative rules and (d) any other applicable provision of state, federal or foreign law,
including foreign securities laws where applicable. 

  

	12.	Miscellaneous. 

 (a) Notices. Any notice that either party hereto may be required
or permitted to give to the other shall be in writing and may be delivered personally, by intraoffice mail, by fax, by electronic mail or other electronic means, or via a postal service, postage prepaid, to such electronic mail or postal address and
directed to such person as the Company may notify the Grantee from time to time; and to the Grantee at the Grantee’s electronic mail or postal address as shown on the records of the Company from time to time, or at such other electronic mail or
postal address as the Grantee, by notice to the Company, may designate in writing from time to time. 
 (b) Waiver. The waiver by any
party hereto of a breach of any provision of the Award Agreement shall not operate or be construed as a waiver of any other or subsequent breach. 

(c) Entire Agreement. The Award Agreement and the Plan constitute the entire agreement between the parties with respect to the Award.
Any prior agreements, commitments or negotiations concerning the Award are superseded. 
 (d) Binding Effect; Successors. The
obligations and rights of the Company under the Award Agreement shall be binding upon and inure to the benefit of the Company and any successor corporation or organization resulting from the merger, consolidation, sale, or other reorganization of
the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. The obligations and rights of the Grantee under the Award Agreement shall be binding upon and inure to the
benefit of the Grantee and the beneficiaries, executors, administrators, heirs and successors of the Grantee. 

  
 Terms and Conditions of
Restricted Stock Units - Page 3 

 (e) Governing Law; Consent to Jurisdiction; Consent to Venue. The Award Agreement shall be
construed and interpreted in accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the
laws of any jurisdiction other than the State of Delaware. For purposes of resolving any dispute that arises directly or indirectly from the relationship of the parties evidenced by the Award or the Award Agreement, the parties hereto hereby submit
to and consent to the exclusive jurisdiction of the State of Delaware and agree that any related litigation shall be conducted solely in the state courts of Delaware or the federal courts for the State of Delaware, and no other courts. 

(f) Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or
affect the meaning or interpretation of any of the terms or provisions of the Award Agreement. 
 (g) Amendment. The Award Agreement
may be amended at any time by the Committee, provided that no amendment may, without the consent of the Grantee, materially impair the Grantee’s rights with respect to the Award. 

(h) Severability. The invalidity or unenforceability of any provision of the Award Agreement shall not affect the validity or
enforceability of any other provision of the Award Agreement, and each other provision of the Award Agreement shall be severable and enforceable to the extent permitted by law. 

(i) No Rights to Service. Nothing contained in the Award Agreement shall be construed as giving the Grantee any right to be retained, in
any position, as a director, officer, employee or consultant of the Company or its Affiliates, or shall interfere with or restrict in any way the rights of the Company or its Affiliates, which are hereby expressly reserved, to remove, terminate or
discharge the Grantee at any time for any reason whatsoever or for no reason, subject to the Company’s articles of incorporation, bylaws and other similar governing documents and applicable law. 

(j) Section 409A. It is intended that the Award Agreement and the Award will be exempt from (or in the alternative will comply
with) Code Section 409A, and the Award Agreement shall be administered accordingly and interpreted and construed on a basis consistent with such intent. This Section 12(j) shall not be construed as a guarantee of any particular tax effect
for the Grantee’s benefits under the Award Agreement and the Company does not guarantee that any such benefits will satisfy the provisions of Code Section 409A or any other provision of the Code. 

(k) Further Assurances. The Grantee agrees, upon demand of the Company or the Committee, to do all acts and execute, deliver and perform
all additional documents, instruments and agreements that may be reasonably required by the Company or the Committee, as the case may be, to implement the provisions and purposes of the Award Agreement and the Plan. 

(l) Confidentiality. The Grantee agrees that the terms and conditions of the Award reflected in the Award Agreement are strictly
confidential and, with the exception of the Grantee’s counsel, tax advisor, immediate family, or as required by applicable law, have not and shall not be disclosed, discussed or revealed to any other persons, entities or organizations, whether
within or outside Company, without prior written approval of Company. The Grantee shall take all reasonable steps necessary to ensure that confidentiality is maintained by any of the individuals or entities referenced above to whom disclosure is
authorized. 

  
 Terms and Conditions of
Restricted Stock Units - Page 4

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