Document:

EX-10.2

 Exhibit 10.2 

PROLOGIS, INC. 
 2016
OUTPERFORMANCE PLAN 
 LTIP UNIT AWARD AGREEMENT 

Name of the Grantee:
[                                    ] (the
“Grantee”) 
 Performance Period: January 1, 201   through December 31, 201   

Participation Points Awarded: [            ] 

No. of LTIP Units Issued:
[                            ] 

Grant Effective Date: [            ] 

RECITALS 
 A. The Grantee
is an employee of Prologis, Inc. (the “Company”) or a “Related Company” as defined in the Prologis, Inc. Long-Term Incentive Plan (as amended and supplemented from time to time, the “Plan”)
and provides services to Prologis, L.P., through which the Company conducts substantially all of its operations (the “Partnership”). 

B. Pursuant to the Plan, the Prologis, Inc. Outperformance Plan (as amended, restated and supplemented from time to time, the
“POP”), and the Limited Partnership Agreement of the Partnership (as amended and supplemented from time to time, the “Partnership Agreement”), the Company as general partner of the Partnership hereby
grants to the Grantee a Full Value Award (as defined in the Plan, referred to herein as an “Award”) in the form of, and by causing the Partnership to issue to the Grantee, the number of LTIP Units (as defined in the
Partnership Agreement) set forth above (the “Award LTIP Units”) having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption and conversion set forth
herein and in the Partnership Agreement, in lieu of settling the Participation Points set forth above in cash or shares of common stock of the Company, at the election of the Company, upon the conclusion of the Performance Period set forth above.

 C. The Compensation Committee (the “Committee”) of the Board of Directors of the Company (or a subcommittee
thereof) estimated, in accordance with Section 2.7 of the POP, that the Participation Points set forth above, as previously awarded for the Performance Period set forth above, could, as of the end of the Performance Period, represent a value
that would, based on reasonable assumptions used by the Committee in arriving at its estimate or its methodology to determine the estimate, be converted into a number of LTIP Units up to the Award LTIP Units. After the date hereof the Committee may
determine that the Grantee is entitled to additional Participation Points with respect to the Performance Period set forth above, in which case the number of additional Participation Points awarded, the number of additional LTIP Units issued and the
Grant Effective Date thereof shall be set forth in an addendum hereto (an “Award Addendum”) which thereafter shall be deemed part of this award agreement for all purposes as if it were an amendment hereto. The Award LTIP
Units were calculated pursuant to an approximation, based on reasonable assumptions, of the final Performance Pool (as defined in the POP) and of the percentage of such Performance Pool that would be attributable to the Grantee at the conclusion of
the Performance Period pursuant to the POP based on the aggregate Participation Points awarded to Grantee relative to all Participation Points then outstanding for all POP participants. The exact number of LTIP Units earned shall be determined at
the conclusion of the applicable performance period in accordance with the POP. 

 D. Generally, under the POP, in the event that the Company’s annualized total return to
shareholders during the Performance Period exceeds the annualized total shareholder return of the MSCI US REIT Index (RMS) by more than 100 basis points during the Performance Period, then a Performance Pool will be formed under the POP equal to
three percent (3%) of the Company’s excess return to shareholders, provided that in no event shall the Performance Pool exceed an amount equal to the greater of (i) the Dollar-Based Cap (as defined in the POP) or (ii) the
Capitalization-Based Cap (as defined in the POP). The Grantee’s earned Award, generally, will equal (A) the Grantee’s aggregate Participation Points divided by the Total Participation Points granted by the Company for the Performance
Period, multiplied by (B) the Performance Pool. If the Performance Pool exceeds the Dollar-Based Cap, then the Grantee’s Award shall be bifurcated, as set forth below, into the Base Value (as defined in the POP) and the Excess Value (as
defined in the POP). The Grantee’s earned Award shall also be subject to achievement of Positive TSR (as defined in the POP). Special provisions will apply, and the Award may be forfeited in the event that Grantee’s employment is
terminated prior to the end of the Performance Period or, with respect to the Excess Value, if any, prior to the First Anniversary, Second Anniversary or Third Anniversary (each as defined in the POP), as applicable. The Award will be governed by
the terms of the POP. 
 E. Upon the close of business on the Grant Effective Date pursuant to this LTIP Unit Award Agreement (this
“Agreement”), the Grantee shall receive the number of LTIP Units specified above, subject to the restrictions and conditions set forth herein, in the POP, in the Plan, and in the Partnership Agreement. Unless otherwise
indicated, capitalized terms used herein but not defined shall have the meanings given to those terms in the POP. 
 NOW, THEREFORE,
the Company, the Partnership and the Grantee agree as follows: 
 1. Effectiveness of Award. The Grantee shall be admitted as
a partner of the Partnership with beneficial ownership of the Award LTIP Units as of the Grant Effective Date by (i) signing and delivering to the Partnership a copy of this Agreement, (ii) signing, as a Limited Partner, and delivering to
the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A) and (iii) making a Capital Contribution (as defined in the Partnership Agreement) in cash in the amount of
[$         ] per Award LTIP Unit to the Partnership (the “Per Unit Contribution”). Upon execution of this Agreement by the Grantee, the Partnership and the Company, the books and
records of the Partnership maintained by the General Partner shall reflect the issuance to the Grantee of the Award LTIP Units. Thereupon, the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to a number of LTIP
Units equal to the Award LTIP Units, subject, however, to the restrictions and conditions specified in Section 2 below and elsewhere herein. The LTIP Units are uncertificated securities of the Partnership and upon the Grantee’s request the
General Partner shall confirm the number of LTIP Units issued to the Grantee. 

  
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 2. Vesting of Award LTIP Units. 

(i) This Award is subject to performance vesting and a continuous service requirement during the Performance Period and, with respect to the
Excess Value, if any, through the applicable anniversary of the Valuation Date. The Award LTIP Units will be subject to forfeiture (a) based on the Company’s performance to the extent provided in Section 2(ii) by reference to the
provisions of Sections 2.1, 2.2, 2.3 and 2.4 of the POP, and (b) in the event of termination of the Grantee’s employment, death or disability to the extent provided in Section 2(iii) by reference to the provisions of Section 2.5
of the POP. At any time prior to or in connection with the determination and allocation of the Performance Pool pursuant to the POP, the Partnership may issue additional LTIP Units to the Grantee as provided in Section 3 hereof that shall also
be considered Award LTIP Units and subject to all of the terms and conditions of this Agreement and the POP; provided that such issuance will be subject to the Grantee confirming the truth and accuracy of the representations set forth in
Section 12 hereof and executing and delivering such documents, comparable to the documents executed and delivered in connection with this Agreement, as the Company and/or the Partnership reasonably request in order to comply with all applicable
legal requirements, including, without limitation, federal and state securities laws, and the Grantee making a Capital Contribution (as defined in the Partnership Agreement) in cash on or before the issuance date in such amount as the Company, in
its capacity as general partner of the Partnership, shall determine for each such additional LTIP Unit issued. 
 (ii) The performance
vesting provisions of Sections 2.2, 2.3 and 2.4 of the POP shall be applied to this Award as follows: 
 (a)
Determination of Performance Pool. As soon as practical following the Valuation Date of a Performance Period, the Committee shall determine the size of the Performance Pool in accordance with the steps provided in Section 2.2 of
the POP. If the Performance Pool is not a positive number, all Award LTIP Units shall, without payment of any consideration by the Partnership, automatically and without notice be forfeited and be and become null and void, and neither the Grantee
nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such Award LTIP Units. 

(b) Allocation of Performance Pool. If the Performance Pool is a positive number, the Committee shall certify in
writing the size of the Performance Pool and shall then determine the dollar value of the Award (or all Awards in case of multiple Awards to the Grantee for the same Performance Period) with respect to the Performance Period for which the
Performance Pool has been generated by multiplying the Performance Pool by a fraction, the numerator of which shall be the Participation Points held by the Grantee with respect to the Performance Period (after giving effect to all Awards to the
Grantee with respect to the Performance Period and any forfeitures of Awards by the Grantee with respect to the Performance Period) and the denominator of which shall be the Total Participation Points outstanding for the Performance Period (after
giving effect to all Awards to all Participants with respect to the Performance Period and any forfeitures of Awards by any Participants with respect to the Performance Period). If the Performance Pool exceeds the Dollar-Based Cap, then the dollar
value of the Award shall be bifurcated, concurrently with the Committee’s determination of the dollar value of the Award, into the Base Value and the Excess Value. 

  
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 (c) Vesting of Award LTIP Units. After applying Section 2(iii)
hereof in the event of termination of the Grantee’s employment, death or disability prior to the Valuation Date, the dollar value of the Award as determined pursuant to Section 2(ii)(a) and (b) above for the Grantee shall be divided
by the Fair Market Value of a share of Common Stock (as defined in the POP) as of the date the Committee makes its final determination of the Base Value pursuant to Section 2.3 of the POP or, in the case of the Excess Value, if any, the date
the Committee makes its final determination following the applicable Valuation Date anniversary subject to satisfaction of the applicable performance criteria set forth in Section 2.4(b)(i)-(iii) of the POP (in either case, appropriately
adjusted to the extent that the “REIT Shares Amount” or the “Deemed Partnership Interest Value” with respect to “Common Units” (all as defined in the Partnership Agreement) have been adjusted since the Grant Effective
Date); the resulting number is hereafter referred to as the “Earned LTIP Unit Equivalent,” provided that the determination of the Earned LTIP Unit Equivalent is subject to the contingency and deferral provisions of Section 2(ii)(d)
below, if applicable. Notwithstanding the foregoing, the Award shall not be converted into the Earned LTIP Unit Equivalent unless and until the Company has Positive TSR as set forth in Section 2(ii)(d)(III) below. 

(d) Positive TSR Return Modifier. 

(I) Notwithstanding Section 2(ii)(c) above, if Positive TSR has not been achieved upon completion of the applicable
Performance Period, then the Earned LTIP Unit Equivalent (including the Base Value and the Excess Value, if any) shall not be determined unless Positive TSR is achieved within seven (7) years following the end of the Performance Period. For
purposes of the preceding sentence, the Company’s Absolute Shareholder Return shall be measured at the end of each quarter, beginning with the first quarter following the end of the Performance Period, and it shall be measured from the
beginning of the Performance Period through the end of such quarter. 
 (II) The Grantee’s employment with the Company
or a Related Company need not continue past the Valuation Date with respect to the Performance Period for determination of the Earned LTIP Unit Equivalent in respect of the Base Value to be made pursuant to this Section 2(ii)(d) or the
applicable anniversary of the Valuation Date with respect to the Performance Period for determination of the Earned LTIP Unit Equivalent in respect of the Excess Value. 

  
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 (III) If Positive TSR is achieved within the seven (7) year period following
the end of the Performance Period, then as soon as reasonably practicable, but no later than seventy-five (75) days after the end of the quarter during which Positive TSR is achieved, the Earned LTIP Unit Equivalent shall be determined
(including the Base Value and any portion of the Excess Value, if any, that would otherwise have been payable prior thereto) in the same manner as provided in Section 2(ii)(c) above, except that the dollar value of the Award as originally
determined pursuant to Section 2(ii)(b) shall be divided by the Fair Market Value of a share of Common Stock (as defined in the POP) as of the last day of the quarter during which Positive TSR is achieved with respect to the Base Value and any
portion of the Excess Value that would otherwise have been paid prior to the last day of the quarter during which Positive TSR is achieved, rather than as of the earlier date provided in Section 2(ii)(c). If Positive TSR is achieved prior to
the First Anniversary, Second Anniversary or Third Anniversary then any portion of the Excess Value that does not become payable as of the last day of the quarter during which Positive TSR is achieved shall be paid in accordance with
Section 2.4(b)(i)-(iii) of the POP, as applicable, without further regard to the Company’s Absolute Shareholder Return being a positive or negative number as of the date such payment is due. The term “Earned LTIP Unit
Equivalent” refers to the number of Award LTIP Units calculated pursuant to Section 2(ii)(c) or this Section 2(ii)(d)(III), as the case may be. 

(IV) If Positive TSR is not achieved within the seven (7) year period following the end of the Performance Period, then
notwithstanding Section 2(ii)(b), the Award and all Award LTIP Units held by the Grantee with respect to the Performance Period shall, without payment of any consideration by the Company, automatically and without notice terminate, be forfeited
and be and become null and void, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in the Award or such Award LTIP Units. 

(e) Earned LTIP Unit Equivalent Compared to Award LTIP Units. If the Earned LTIP Unit Equivalent (including the
Base Value and the Excess Value earned pursuant to Section 2.4(b)(i)-(iii) of the POP, if any) is smaller than the aggregate number of Award LTIP Units previously issued to the Grantee, then the Grantee shall forfeit a number of Award LTIP
Units equal to the difference without payment of any consideration by the Partnership; thereafter the term Award LTIP Units will refer only to the Award LTIP Units that were not so forfeited and neither the Grantee nor any of his or her successors,
heirs, assigns, or personal representatives will thereafter have any further rights or interests in the LTIP Units that were so forfeited. For purposes of the foregoing forfeitures, the Committee shall have the power in the Committee’s
reasonable discretion and from time to time to estimate the number of Award LTIP Units that can be earned by the Grantee in accordance with this Section 2. If the Earned LTIP Unit Equivalent is greater than the aggregate number of Award LTIP
Units previously issued to the Grantee (as adjusted for forfeitures pursuant to this Section 2(ii)(e), if applicable), then, upon the performance of the calculations set forth in Section 2(ii) above: (A) the Company shall cause the
Partnership to issue to the Grantee a number of additional LTIP Units equal to the difference; (B) such additional LTIP Units shall be added to the Award LTIP Units previously issued, if any, and thereby become part of this Award; (C) the
Company and the Partnership shall take such corporate and partnership action as is necessary to accomplish the grant of such additional LTIP Units; and (D) thereafter the term Award LTIP Units will refer collectively to the Award LTIP Units, if
any, issued prior to such additional grant plus such additional LTIP Units; provided that such issuance will be subject to the Grantee confirming the truth and accuracy of the representations set forth in Section 12 hereof and executing and
delivering such documents, comparable to the documents executed and delivered in connection with this Agreement, as the Company and/or the Partnership reasonably request in order to comply with all applicable legal requirements, including, without
limitation, federal and state securities laws, and the Grantee making a Capital Contribution (as defined in the Partnership Agreement), if any, in cash on or before the issuance date in such amount as the Company, in its capacity as general partner
of the Partnership, shall determine for each such additional LTIP Unit issued. If the Earned LTIP Unit Equivalent is the same as the number of Award LTIP Units previously issued to the Grantee, then there will be no change to the number of Award
LTIP Units. 

  
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 (iii) The continuous service requirements of Section 2.5 of the POP shall be applied to this
Award as follows: 
 (a) If the Grantee’s employment with the Company or a Related Company terminates, the provisions
of this Section 2(iii) and the POP, or the Plan if applicable, shall govern the treatment of this Award (and in particular the timing and method of calculations pursuant to Section 2(ii), 2(iii) and 2(iv) and related vesting or
forfeiture), unless the provisions of any employment or other agreement to which the Grantee is then a party or termination or severance policies of the Company applicable to the Grantee then in effect specifically provide that they supersede this
Award. 
 (b) In the event of termination of the Grantee’s employment (I) by the Grantee upon Retirement (as
defined in the POP) or (II) by reason of the Participant’s death or Disability (as defined in the POP) (each a “Qualified Termination”) after the Initial Date, but prior to the Valuation Date of the Performance Period
or, in the case of the Excess Value, if any, the applicable anniversary of the Valuation Date set forth in Section 2.4(b)(i)-(iii) of the POP, then the Grantee will retain the number of Participation Points previously granted to him or her
with respect to the Performance Period, but all calculations and payments, if any, with respect to this Award shall be made at the same time and on the same conditions set forth in Sections 2.2, 2.3 and 2.4 of the POP for all other Participants.

 (c) In the event of a termination of the Grantee’s employment for any reason other than a Qualified Termination
prior to a Valuation Date for the Performance Period or, in the case of the Excess Value, if any, the applicable anniversary of the Valuation Date set forth in Section 2.4 of the POP, this Award shall, without payment of any consideration by
the Company, automatically and without notice terminate, be forfeited and be and become null and void, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or
interests in this Award, or any related Participation Points or Award LTIP Units. 

  
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 (iv) The change of control provisions of Section 2.6 of the POP shall be applied to this
Award as follows: 
 (a) In the event of a Change of Control (as defined in the POP), the Committee will determine the size
of the Performance Pool for the Performance Period and the dollar value of this Award in accordance with Section 2(ii) above no later than the date of consummation of the Change of Control. For avoidance of doubt, in the event of a Change of
Control, the performance of all calculations and actions pursuant to Sections 2.2 and 2.3 of the POP using the applicable Valuation Date shall be conditioned upon the final consummation of such Change of Control. 

(b) After the determination of the dollar value of this Award (including both the Base Value and the Excess Value, if any), if
the Grantee has incurred a Qualified Termination the Earned LTIP Unit Equivalent shall be determined as soon as reasonably practicable, but no later than thirty (30) days following consummation of a Change of Control. Otherwise, the dollar
value of this Award (including both the Base Value and the Excess Value, if any) shall be fixed at the dollar amount determined pursuant to Section 2(ii) above and be payable in cash, but shall only be paid to the Grantee upon the earlier of
(A) the last day of the Performance Period if the Grantee remains employed by the Company (or its successor) until such day, or (B) the termination of the Grantee’s employment by the Company (or its successor) without Cause or by the
Grantee with Good Reason prior to the end of the Performance Period if such termination of employment occurs within twenty-four (24) months following the Change of Control. Notwithstanding the foregoing, if the Company’s successor does not
irrevocably and unconditionally agree to assume this Award (including both the Base Value and the Excess Value, if any) in connection with the Change of Control, the dollar value of this Award shall be fully paid out to the Grantee in cash within
thirty (30) days of the consummation of the Change of Control. 
 (c) Upon a Change of Control, payment of the Excess
Value, if any, shall no longer be subject to the performance-based and employment-based conditions set forth in Section 2.4(b) of the POP, the Positive TSR requirement set forth in Section 2(ii)(d) and the Transfer restrictions set forth
in Section 6(i) shall no longer apply. 
 (d) If in connection with the Change of Control the provisions of Sections
1.14.B and 1.14.C of Exhibit K to the Partnership Agreement apply and holders of Common Units have the opportunity to receive substitute securities upon consummation of the Change of Control, the Partnership shall use commercially reasonable
efforts to afford the Grantee the right to participate in an exchange of partnership interests with respect to the Earned LTIP Unit Equivalent on terms as comparable as reasonably possible to those for a holder of an equal number of Common Units in
connection with such Change of Control, subject to the continuing application of any restrictions then applicable to the LTIP Units included in the Earned LTIP Unit Equivalent under the Partnership Agreement, this Award, the POP or the Plan. In the
absence of such an alternative (including by reason of the Grantee’s failure to execute the required documentation, meet eligibility requirements or take required steps to participate in the exchange), the provisions of Section 2(iv)(a),
2(iv)(b) and 2(iv)(c) above shall apply automatically without any action being required or permitted by the Grantee. For the avoidance of doubt, the foregoing provisions of this Section 2(iv)(d) shall not be deemed to create any duty or
obligation for the Partnership or the General Partner to make available to the Grantee a structure that preserves for the Grantee following the consummation of the Change of Control the amount, type or timing of income, gain or loss expected to be
recognized by the Grantee for U.S. federal income tax purposes if his or her LTIP Units had been converted into Common Units, or to make available the opportunity to exchange the Earned LTIP Unit Equivalent for substitute securities with terms
materially the same, with respect to rights to allocations, distributions, redemption, conversion and voting, as the LTIP Units before such Change of Control. 

  
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 (v) Notwithstanding anything to the contrary set forth in this Agreement, this Award is subject
to the Recoupment Policy set forth in the Prologis Governance Guidelines and any other clawback policies that are adopted by the Company. 

3. Distributions. The Grantee shall be entitled to receive distributions with respect to the Award LTIP Units to the extent
provided for in the Partnership Agreement as follows: 
 (a) The Award LTIP Units are hereby designated as “Special
LTIP Units.” 
 (b) The LTIP Unit Distribution Participation Date with respect to the Award LTIP Units is the Grant
Effective Date set forth in this Agreement or the applicable Award Addendum. 
 (c) The Special LTIP Unit Full Participation
Date with respect to the Award LTIP Units is the date on which the Earned LTIP Unit Equivalent is determined pursuant to the applicable clause of Section 2 hereof. 

(d) The Special LTIP Unit Sharing Percentage with respect to the Award LTIP Units is ten percent (10%). 

(e) All distributions paid with respect to the Award LTIP Units shall be fully vested and non-forfeitable when paid, whether
or not the Award LTIP Units have been earned based on performance or have become vested based on continued employment as provided in Section 2 hereof. 

4. Rights with Respect to Award LTIP Units. Without duplicating the provisions of Section 4.2 of the Plan, the POP, or
Section 1.14 of Exhibit K to the Partnership Agreement, if (i) the Company shall at any time be involved in a merger, consolidation, dissolution, liquidation, reorganization, exchange of shares, sale of all or substantially all of
the assets or capital stock of the Company or a transaction similar thereto, (ii) any stock dividend, stock split, reverse stock split, stock combination, reclassification, recapitalization, or other similar change in the capital structure of
the Company, or any distribution to holders of Common Stock other than ordinary cash dividends, shall occur, or (iii) any other event shall occur which, in each case in the judgment of the Committee, necessitates action by way of adjusting the
terms of this Award, then and in that event, the Committee may take such action, if any, as it determines to be reasonably required to maintain the Grantee’s rights hereunder so that they are substantially proportionate to the rights existing
under this Agreement prior to such event, including, but not limited to, substitution of other awards under the Plan. 

  
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 5. Incorporation of POP and the Plan; Interpretation by Committee. This Agreement
is subject in all respects to the terms, conditions, limitations and definitions contained in the POP and the Plan. In the event of any discrepancy or inconsistency between this Agreement, the POP and the Plan, the terms and conditions of the POP
shall control. The Committee may make such rules and regulations and establish such procedures for the administration of this Agreement as it deems appropriate. Without limiting the generality of the foregoing, the Committee may interpret the POP,
the Plan and this Agreement, with such interpretations to be conclusive and binding on all persons and otherwise accorded the maximum deference permitted by law. In the event of any dispute or disagreement as to interpretation of the POP, the Plan
or this Agreement or of any rule, regulation or procedure, or as to any question, right or obligation arising from or related to the POP, the Plan or this Agreement, the decision of the Committee shall be final and binding upon all persons. 

6. Restrictions on Transfer. 

(i) Subject to Section 2(iv)(c) above, except as otherwise permitted by the Committee, none of the Award LTIP Units granted hereunder nor
any of the common units of the Partnership into which such Award LTIP Units may be converted (the “Award Common Units”) shall be sold, assigned, transferred, pledged, hypothecated, given away or in any other manner disposed
of, or encumbered, whether voluntarily or by operation of law (each such action a “Transfer”) and the right to Redemption (as defined in the Partnership Agreement) may not be exercised with respect to the Award Common Units
until after the Third Anniversary; provided, however, that Award LTIP Units may be Transferred prior to such date in accordance with Section 6.5 of the Plan, so long as the transferee agrees in writing with the Company and the Partnership to be
bound by all the terms and conditions of this Agreement and that subsequent Transfers shall be prohibited except those in accordance with this Section 6. 

(ii) The right to Redemption may be exercised with respect to Award Common Units, and Award Common Units may be Transferred to the Partnership
or the Company in connection with the exercise thereof, in accordance with and to the extent otherwise permitted by the terms of the Partnership Agreement. Notwithstanding the foregoing, the right to Redemption shall not be exercisable with respect
to any Award Common Units until the Third Anniversary; provided however, that the foregoing restriction shall not apply (i) if the right of Redemption is exercised in connection with a Change of Control or (ii) in connection with an LTIP
Unit Forced Conversion in connection with a Capital Transaction as described in the Partnership Agreement. 
 (iii) Additionally, all
Transfers of Award LTIP Units or Award Common Units must be in compliance with all applicable securities laws (including, without limitation, the Securities Act) and the applicable terms and conditions of the Partnership Agreement. In connection
with any Transfer of Award LTIP Units or Award Common Units, the Partnership may require the Grantee to provide an opinion of counsel, satisfactory to the Partnership, that such Transfer is in compliance with all federal and state securities laws
(including, without limitation, the Securities Act). 

  
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 (iv) Any attempted Transfer of Award LTIP Units or Award Common Units not in accordance with the
terms and conditions of this Section 6 shall be null and void, and the Partnership shall not reflect on its records any change in record ownership of any Award LTIP Units or Award Common Units as a result of any such Transfer, shall otherwise
refuse to recognize any such Transfer and shall not in any way give effect to any such Transfer of any Award LTIP Units or Award Common Units. 

(v) This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise,
other than by will or the laws of descent and distribution. 
 7. Legend. The books and records of the Partnership or other
documentation evidencing the Award LTIP Units shall bear an appropriate legend or notation, as determined by the Partnership in its sole discretion, to the effect that such LTIP Units are subject to restrictions as set forth herein, in the POP, in
the Plan and in the Partnership Agreement. 
 8. Tax Matters; Section 83(b) Election. The Grantee hereby agrees to make
an election to include in gross income in the year of transfer the unvested Award LTIP Units issued hereunder or under an Award Addendum, as the case may be, pursuant to Section 83(b) of the Internal Revenue Code substantially in the form
attached hereto as Exhibit B and to supply the necessary information in accordance with the regulations promulgated thereunder. 
 9.
Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to
the Award LTIP Units granted hereunder, the Grantee will pay to the Company or, if appropriate, any of its Subsidiaries, or make arrangements satisfactory to the Committee regarding the payment of, any United States federal, state or local or
foreign taxes of any kind required by law to be withheld with respect to such amount. The provisions of Section 3.6 of the POP shall apply to this award if this Award results in the payment of cash to the Grantee or the issuance of shares of
common stock (in which case the Company shall have the right to deduct from all payments hereunder any taxes required by law to be withheld with respect to such payments, either in cash or, with the approval of the Committee, in the form of shares
of common stock, with such shares valued based on the Fair Market Value as of the date the withholding is in effect). The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its
Subsidiaries also shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee. 

  
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 10. Amendment; Modification. This Agreement may only be modified or amended in a
writing signed by the parties hereto, provided that the Grantee acknowledges that the Plan and the POP may be amended or discontinued in accordance with Section 7 of the Plan and Section 3.1 of the POP, and that this Agreement may be
amended or canceled by the Committee, on behalf of the Company and the Partnership, for the purpose of satisfying changes in law or for any other lawful purpose, so long as no such action shall adversely affect the Grantee’s rights under this
Agreement without the Grantee’s written consent. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject
matter hereof, have been made by the parties which are not set forth expressly in this Agreement. The failure of the Grantee or the Company or the Partnership to insist upon strict compliance with any provision of this Agreement, or to assert any
right the Grantee or the Company or the Partnership, respectively, may have under this Agreement, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

11. Complete Agreement. This Agreement (together with all Award Addenda, if any, and those agreements and documents expressly
referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments,
agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way. 

12. Investment Representation; Registration. The Grantee hereby makes the covenants, representations and warranties set forth on
Exhibit C attached hereto as of the Grant Effective Date and as of the date or dates of determination of the Earned LTIP Unit Equivalent. All of such covenants, warranties and representations shall survive the execution and delivery of this
Agreement by the Grantee. The Grantee shall immediately notify the Partnership upon discovering that any of the representations or warranties set forth on Exhibit C was false when made or have, as a result of changes in circumstances, become
false. The Partnership will have no obligation to register under the Securities Act any of the Award LTIP Units or any other securities issued pursuant to this Agreement or upon conversion or exchange of the Award LTIP Units into other limited
partnership interests of the Partnership or shares of capital stock of the Company. 
 13. No Obligation to Continue Employment or
Other Service Relationship. Neither the Company nor any Related Company is obligated by or as a result of the Plan, the POP or this Agreement to continue to have the Grantee provide services to it or to continue the Grantee in employment and
neither the Plan, the POP nor this Agreement shall interfere in any way with the right of the Company or any of its Subsidiaries to terminate its service relationship with the Grantee or the employment of the Grantee at any time. 

14. No Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the Company from adopting or
continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and arrangements may be either generally applicable or applicable only in specific cases or to specific persons. 

15. Status of Award LTIP Units under the Plan. The Award LTIP Units are both issued as equity securities of the Partnership and
granted as a “Full Value Award” under the Plan. The Company will have the right at its option, as set forth in the Partnership Agreement, to issue Common Stock in exchange for partnership units into which Award LTIP Units may have been
converted pursuant to the Partnership Agreement, subject to certain limitations set forth in the Partnership Agreement, and such Common Stock, if issued, will be issued under the Plan. The Grantee acknowledges that the Grantee will have no right to
approve or disapprove such election by the Company. 

  
 11 

 16. Severability. If any term or provision of this Agreement is or becomes or is
deemed to be invalid, illegal or unenforceable in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if such provision cannot be so construed or
deemed amended without materially altering the purpose or intent of this Agreement and the grant of Award LTIP Units hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement and the award hereunder
shall remain in full force and effect). 
 17. Section 409A. If any compensation provided by this Agreement may result in
the application of Section 409A of the Code, the Company shall, in consultation with the Grantee, modify the Agreement in the least restrictive manner necessary in order to, where applicable, (i) exclude such compensation from the
definition of “deferred compensation” within the meaning of such Section 409A or (ii) comply with the provisions of Section 409A, other applicable provision(s) of the Code and/or any rules, regulations or other regulatory
guidance issued under such statutory provisions and to make such modifications, in each case, without any diminution in the value of the benefits granted hereby to the Grantee. 

18. Law Governing. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE,
WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF MARYLAND. 

19. Headings. Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference.
Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof. 

20. Notices. Notices hereunder shall be mailed or delivered to the Partnership at its principal place of business and shall be
mailed or delivered to the Grantee at the address on file with the Partnership or, in either case, at such other address as one party may subsequently furnish to the other party in writing. 

21. Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be an original, and
all of which together shall constitute one and the same agreement. 
 22. Successors and Assigns. The rights and obligations
created hereunder shall be binding on the Grantee and his or her heirs and legal representatives and on the successors and assigns of the Partnership. 

  
 12 

 23. Data Privacy Consent. In order to administer the Plan and this Agreement and to
implement or structure future equity grants, the Company and its agents may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of
birth and other information that is necessary or desirable for the administration of the Plan and/or this Agreement. 
 [Signature Page
Follows] 

  
 13 

 IN WITNESS WHEREOF, the undersigned have caused this Award to be executed on the
[      ] day of [              ], 2016. 
  

			
	PROLOGIS, INC.
	  
 By:
	 	 
		 	Name:
		 	Title:
	  
 PROLOGIS, L.P.

	
	By: PROLOGIS, INC.,
	Its General Partner
		
	By:	 	 
		 	Name:
		 	Title:
	  
 Grantee

		
	 	 	 
	Name:
	
	Address:

 EXHIBIT A 

FORM OF LIMITED PARTNER SIGNATURE PAGE 

The Grantee, desiring to become one of the within named Limited Partners of Prologis, L.P., hereby becomes a party to the Thirteenth
Amended and Restated Agreement of Limited Partnership of Prologis, L.P., as amended through the date hereof (the “Partnership Agreement”).  

The Grantee constitutes and appoints the General Partner, any Liquidator, and authorized officers and attorneys-in-fact of each, and each of
those acting singly, in each case with full power of substitution, as the Grantee’s true and lawful agent and attorney-in-fact, with full power and authority in the Grantee’s name, place and stead to carry out all acts described in
Section 2.4.A(i) and (ii) of the Partnership Agreement, such power of attorney to be irrevocable and a power coupled with an interest pursuant to Section 2.4.B of the Partnership Agreement. 

The Grantee agrees that this signature page may be attached to any counterpart of the Partnership Agreement. 

 

			
	Signature Line for Grantee:
		
	 	 	 
	Name:                              
           
	Date:                              
           
	  
 Address of Grantee:

		
	 	 	 

 EXHIBIT B 

ELECTION TO INCLUDE IN GROSS INCOME IN YEAR OF 

TRANSFER OF PROPERTY PURSUANT TO SECTION 83(B) 

OF THE INTERNAL REVENUE CODE 
 The
undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, Treasury Regulations Section 1.83-2 promulgated thereunder, and Rev. Proc. 2012-29, 2012-28 IRB, 06/26/2012, to include in
gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property. 
  

	 	1.	The name, address and taxpayer identification number of the undersigned are: 

 Name: (the
“Taxpayer”) 
 Address: 

Social Security No./Taxpayer Identification No.: 

Taxable Year: Calendar Year [            ]. 

 

	 	2.	Description of property with respect to which the election is being made: 

 The election is
being made with respect to [             ] LTIP Units in Prologis, L.P. (the “Partnership”). 
  

	 	3.	The date on which the LTIP Units were transferred is [             ]. The taxable year to which this election relates is calendar year 201__.

  

	 	4.	Nature of restrictions to which the LTIP Units are subject: 

  

	 	(a)	With limited exceptions, until the LTIP Units vest, the Taxpayer may not transfer in any manner any portion of the LTIP Units without the consent of the Partnership. 

 

	 	(b)	The Taxpayer’s LTIP Units are subject to performance-based vesting provisions. With limited exceptions, unvested LTIP Units are forfeited upon a termination of the Taxpayer’s service with the Company or in the
event certain performance-based vesting criteria are not satisfied 

  

	 	(c)	With limited exceptions, until the sixth anniversary of the transfer date, the Taxpayer may not transfer the LTIP Units without the consent of the Partnership. 

 

	 	5.	The fair market value at time of transfer (determined without regard to any restrictions other than a nonlapse restriction as defined in Treasury Regulations Section 1.83-3(h)) of the LTIP Units with respect to
which this election is being made was [$     ] per LTIP Unit. 

	 	6.	The amount paid by the Taxpayer for the LTIP Units was [$            ] per LTIP Unit. 

 

	 	7.	The amount to include in gross income is $0. 

 The undersigned taxpayer will file this election with the
Internal Revenue Service office with which taxpayer files his or her annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were
performed. Additionally, the undersigned will include a copy of the election with his or her income tax return for the taxable year in which the property is transferred. The undersigned is the person performing the services in connection with which
the property was transferred. 
 Dated: [            ] 

 

			
	  

	Name:	 	

 EXHIBIT C 

GRANTEE’S COVENANTS, REPRESENTATIONS AND WARRANTIES 

The Grantee hereby represents, warrants and covenants as follows: 

(a) The Grantee has received and had an opportunity to review the following documents (the “Background Documents”): 

(i) The latest Annual Report to Stockholders that has been provided to stockholders; 

(ii) The Company’s Proxy Statement for its most recent Annual Meeting of Stockholders; 

(iii) The Company’s Report on Form 10-K for the fiscal year most recently ended; 

(iv) The Company’s Form 10-Q for the most recently ended quarter if one has been filed by the Company with the Securities
and Exchange Commission since the filing of the Form 10-K described in clause (iv) above; 
 (v) Each of the
Company’s Current Report(s) on Form 8-K, if any, filed since the later of the end of the fiscal year most recently ended for which a Form 10-K has been filed by the Company; 

(vi) The Thirteenth Amended and Restated Agreement of Limited Partnership of Prologis, L.P., as then amended; 

(vii) The Company’s 2012 Long-Term Incentive Plan; 

(viii) The Company’s 2016 Outperformance Plan; and 

(ix) The Company’s Articles of Incorporation, as then amended. 

The Grantee also acknowledges that any delivery of the Background Documents and other information relating to the Company and the Partnership
prior to the determination by the Partnership of the suitability of the Grantee as a holder of Award LTIP Units shall not constitute an offer of Award LTIP Units until such determination of suitability shall be made. 

(b) The Grantee hereby represents and warrants that 

 (i) The Grantee either (A) is an “accredited investor” as defined
in Rule 501(a) under the Securities Act, or (B) by reason of the business and financial experience of the Grantee, together with the business and financial experience of those persons, if any, retained by the Grantee to represent or advise him
or her with respect to the grant to him or her of LTIP Units, the potential conversion of LTIP Units into common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of Common Stock
(“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment
in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her
its interests, and (III) is capable of bearing the economic risk of such investment. 
 (ii) The Grantee understands that
(A) the Grantee is responsible for consulting his or her own tax advisors with respect to the application of the U.S. federal income tax laws, and the tax laws of any state, local or other taxing jurisdiction to which the Grantee is or by
reason of the award of LTIP Units may become subject, to his or her particular situation; (B) the Grantee has not received or relied upon business or tax advice from the Company, the Partnership or any of their respective employees, agents,
consultants or advisors, in their capacity as such; (C) the Grantee provides or will provide services to the Partnership on a regular basis and in such capacity has access to such information, and has such experience of and involvement in the
business and operations of the Partnership, as the Grantee believes to be necessary and appropriate to make an informed decision to accept this Award of LTIP Units; and (D) an investment in the Partnership and/or the Company involves
substantial risks. The Grantee has been given the opportunity to make a thorough investigation of matters relevant to the LTIP Units and has been furnished with, and has reviewed and understands, materials relating to the Partnership and the Company
and their respective activities (including, but not limited to, the Background Documents). The Grantee has been afforded the opportunity to obtain any additional information (including any exhibits to the Background Documents) deemed necessary by
the Grantee to verify the accuracy of information conveyed to the Grantee. The Grantee confirms that all documents, records, and books pertaining to his or her receipt of LTIP Units which were requested by the Grantee have been made available or
delivered to the Grantee. The Grantee has had an opportunity to ask questions of and receive answers from the Partnership and the Company, or from a person or persons acting on their behalf, concerning the terms and conditions of the LTIP Units.
The Grantee has relied upon, and is making its decision solely upon, the Background Documents and other written information provided to the Grantee by the Partnership or the Company. The Grantee did not receive any tax, legal or financial
advice from the Partnership or the Company and, to the extent it deemed necessary, has consulted with its own advisors in connection with its evaluation of the Background Documents and this Agreement and the Grantee’s receipt of LTIP Units.

 (iii) The LTIP Units to be issued, the Common Units issuable upon conversion of the LTIP Units and any Shares issued in
connection with the redemption of any such Common Units will be acquired for the account of the Grantee for investment only and not with a current view to, or with any intention of, a distribution or resale thereof, in whole or in part, or the grant
of any participation therein, without prejudice, however, to the Grantee’s right (subject to the terms of the LTIP Units, the Plan, the POP and this Agreement) at all times to sell or otherwise dispose of all or any part of his or her LTIP
Units, Common Units or Shares in compliance with the Securities Act, and applicable state securities laws, and subject, nevertheless, to the disposition of his or her assets being at all times within his or her control. 

 (iv) The Grantee acknowledges that (A) neither the LTIP Units to be issued,
nor the Common Units issuable upon conversion of the LTIP Units, have been registered under the Securities Act or state securities laws by reason of a specific exemption or exemptions from registration under the Securities Act and applicable state
securities laws and, if such LTIP Units or Common Units are represented by certificates, such certificates will bear a legend to such effect, (B) the reliance by the Partnership and the Company on such exemptions is predicated in part on the
accuracy and completeness of the representations and warranties of the Grantee contained herein, (C) such LTIP Units, or Common Units, therefore, cannot be resold unless registered under the Securities Act and applicable state securities laws,
or unless an exemption from registration is available, (D) there is no public market for such LTIP Units and Common Units and (E) neither the Partnership nor the Company has any obligation or intention to register such LTIP Units or the
Common Units issuable upon conversion of the LTIP Units under the Securities Act or any state securities laws or to take any action that would make available any exemption from the registration requirements of such laws, except, that, upon the
redemption of the Common Units for Shares, the Company currently intends to issue such Shares under the Plan and pursuant to a Registration Statement on Form S-8 under the Securities Act, to the extent that (I) the Grantee is eligible to
receive such Shares under the Plan at the time of such issuance and (II) the Company has filed an effective Form S-8 Registration Statement with the Securities and Exchange Commission registering the issuance of such Shares. The Grantee hereby
acknowledges that because of the restrictions on transfer or assignment of such LTIP Units acquired hereby and the Common Units issuable upon conversion of the LTIP Units which are set forth in the Partnership Agreement and this Agreement, the
Grantee may have to bear the economic risk of his or her ownership of the LTIP Units acquired hereby and the Common Units issuable upon conversion of the LTIP Units for an indefinite period of time. 

(v) The Grantee has determined that the LTIP Units are a suitable investment for the Grantee. 

(vi) No representations or warranties have been made to the Grantee by the Partnership or the Company, or any officer,
director, shareholder, agent, or affiliate of any of them, and the Grantee has received no information relating to an investment in the Partnership or the LTIP Units except the information specified in this Paragraph (b). 

(c) So long as the Grantee holds any LTIP Units, the Grantee shall disclose to the Partnership in writing such information as may be
reasonably requested with respect to ownership of LTIP Units as the Partnership may deem reasonably necessary to ascertain and to establish compliance with provisions of the Code, applicable to the Partnership or to comply with requirements of any
other appropriate taxing authority. 

 (d) The Grantee hereby agrees to make an election under Section 83(b) of the Code with
respect to the LTIP Units awarded hereunder, and has delivered with this Agreement a completed, executed copy of the election form attached to this Agreement as Exhibit B. The Grantee agrees to file the election (or to permit the Partnership to
file such election on the Grantee’s behalf) within thirty (30) days after the Award of the LTIP Units hereunder with the IRS Service Center at which such Grantee files his or her personal income tax returns, and to file a copy of such
election with the Grantee’s U.S. federal income tax return for the taxable year in which the unvested LTIP Units are awarded to the Grantee. 

(e) The address set forth on the signature page of this Agreement is the address of the Grantee’s principal residence, and the Grantee
has no present intention of becoming a resident of any country, state or jurisdiction other than the country and state in which such residence is sited. 

(f) The representations of the Grantee as set forth above are true and complete to the best of the information and belief of the Grantee, and
the Partnership shall be notified promptly of any changes in the foregoing representations.Exhibit 4.3

 

CALDERA
PHARMACEUTICALS, INC. 

NOTICE
OF STOCK OPTION AGREEMENT

(INCENTIVE
STOCK OPTION OR NONSTATUTORY STOCK OPTION)

 

Caldera
Pharmaceuticals, Inc.(the “Company”), pursuant to its 2005 Stock Option Plan (the “Plan”),
hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below.
This option is subject to all terms and conditions as set forth herein and in the related Option Agreement, the Plan and the Notice
of Exercise, each of which are attached hereto and incorporated herein in their entirety.

 

Optionholder:

Date
of Grant:

Vesting
Commencement Date:

Number
of Shares Subject to Option:

Exercise
Price (Per Share):

Expiration
Date:

 

	Type
    of Grant:	☐ Incentive
    Stock Option1	☐ Nonstatutory
    Stock Option
	 	 	 
	Vesting
    Schedule:	Immediate as to all shares subject to the option
	 	 	 
	Payment:	By one or a combination of the following items (described in the Option Agreement):
	 	 	 
	 	☐
    By cash or check	 
	 	☐
    By delivery of already owned shares 
	 	☐ By
    Cashless Exercise	 

 

Additional
Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Notice,
the Stock Option Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Notice, the Stock
Option Agreement and the Plan set forth the entire understanding between Optionholder and the Company regarding the acquisition
of stock in the Company referred to herein and supersede all prior oral and written agreements on that subject.

 

	CALDERA
PHARMACEUTICALS, INC.	 	
        

        OPTIONHOLDER:

	 	 	 
	By:	                                    	 	                            
	Name:	 	 	Name:
	Date:	 	 	Date:

 

ATTACHMENTS: 2005 Stock Option Plan, Option
Agreement and Notice of Exercise

 

 

1 If this is an Incentive Stock Option,
it (plus other outstanding Incentive Stock Options) cannot be first exercisable for more than $100,000 in value (measured
by exercise price) in any calendar year. Any excess over $100,000 is a Non-statutory Stock Option.

 

     

     

    

 

CALDERA
PHARMACEUTICALS, INC.

STOCK
OPTION AGREEMENT

(INCENTIVE
STOCK OPTION OR NONSTATUTORY STOCK OPTION)

 

Pursuant
to this Option Agreement, Caldera Pharmaceuticals, Inc. (the "Company") has granted you an option under
its 2005 Stock Option Plan (the "Plan") to purchase the number of shares of the Company's Common Stock
indicated in the Notice at the exercise price indicated in the Notice. Defined terms not explicitly defined in this Option Agreement
but defined in the Plan shall have the same definitions as in the Plan.

 

The
details of your option are as follows:

 

1.             VESTING.
Your Option shall fully vest and become exercisable with respect to all of your Option Shares as described in your employment
contract or other service agreement with the Company. For any shares not described in your employment or service agreement or
if you do not have an agreement with the Company, subject to the limitations contained herein, your option will vest as provided
in the Notice, provided that vesting will cease upon the termination of your employment, consulting arrangement or provision of
service for the Company, as applicable. Notwithstanding the foregoing, if you have been continuously employed by the Company or
an Affiliate or providing services to the Company or an Affiliate from the date of Grant until a Change in Control of the Company,
the portion of your outstanding Option which has not become vested at the date of such event shall immediately vest and become
exercisable with respect to 100% of the Shares simultaneously with the consummation of the Change in Control of the Company.

 

2.           
NUMBER OF SHARES AND EXERCISE PRICE. The number of shares of common stock (the “Shares”) subject
to your Option and your exercise price per share referenced in the Notice may be adjusted from time to time for certain events,
including such as stock dividends, split ups, mergers, and the other events specified in the Plan.

 

3.           
METHOD OF PAYMENT. Payment of the exercise price is due in full upon exercise of all or any part of your option. You may
elect to make payment of the exercise price in cash or by check or by delivery to the Company of certificates representing shares
of outstanding common stock of the Company already owned by you that are owned free and clear of any liens, claims, encumbrances
or security interests together with stock powers duly executed and with signature guaranteed. In addition, you may elect to make
payment through a “cashless exercise” such that, without the payment of any funds, you may exercise your Option and
receive the net number of Shares equal to (x) the number of Shares as to which the Option is being exercised, multiplied by (y)
a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined by the Board or a Committee
thereof if a Committee is designated to administer the Plan) less the Exercise Price per Share, and the denominator of which is
such Fair Market Value per Share (the number of net Shares to be received shall be rounded down to the nearest whole number of
Shares). In the event payment is made by delivery of such shares, said shares shall be deemed to have a per share value equal
to the per share market value of the shares on the date of exercise. Notwithstanding the foregoing, you may not exercise your
option by tender to the Company of common stock to the extent such tender would violate the provisions of any law, regulation
or agreement restricting the redemption of the Company's stock.

 

    	 	2	 

     

    

 

4.           
WHOLE
SHARES. You may exercise your Option only for whole shares of common stock.

 

5.           
SECURITIES
LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares
of common stock issuable upon such exercise are then registered under the Securities Act or, if such shares of common stock are
not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements
of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations governing your
option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance
with such laws and regulations.

 

6.           
TERM. You may not exercise your Option before the commencement or after the expiration of its term. The term of your Option
commences on the Date of Grant and unless otherwise specified in the Notice expires upon the earliest of:

 

(a)            Immediately
upon the termination of your employment or consulting arrangement or other arrangement for the provision of services;

 

(b)           
The
Expiration Date indicated in the Notice; or

 

(c)           
The
day before the tenth (10th) anniversary of the Date of Grant.

 

If
your Option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock
Option, the Code requires that at all times beginning on the date of grant of your Option and ending on the day three (3) months
before the date of your Option's exercise, you must be an employee of the Company or an Affiliate, except in the event of your
death or Disability.

 

7.           
EXERCISE.

 

(a)           You
may exercise the vested portion of your Option during its term by delivering a Notice of Exercise (in a form designated by the
Company) together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate,
during regular business hours, together with such additional documents as the Company may then require. Each election to exercise
this Option shall be in writing, signed by you, and delivered or mailed to the Chief Financial Officer of the Company at its principal
office at One Kendall Square, Suite B2002, Cambridge, Massachusetts, 02139. In the event an Option is exercised by the executor
or administrator of your estate, or by the person or person to whom the Option has been transferred by your will or the applicable
laws of descent and distribution, the Company shall be under no obligation to deliver stock thereunder unless and until the Company
is satisfied that the person or person exercising the option is or are your duly appointed executor or administrator or the person
to whom the option has been transferred by your will or by the applicable laws of descent and distribution.

 

(b)          By
exercising your Option you agree that, as a condition to any exercise of your Option, the Company may require you to enter into
an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason
of (1) the exercise of your Option; (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are
subject at the time of exercise; or (3) the disposition of shares of Common Stock acquired upon such exercise.

 

(c)           If
your Option is an Incentive Stock Option, by exercising your Option you agree that you will notify the Company in writing within
fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option
that occurs within two (2) years after the date of your option grant or within one (1) year after such shares of Common Stock
are transferred upon exercise of your Option.

 

    	 	3	 

     

    

 

8.           
PAYMENT.

 

(a)           Payment
in full by a certified or bank check should be made for all the shares of which your option is exercised at the time of such exercise,
and no shares shall be delivered until such payment is made.

 

(b)           Alternatively,
payment may be made by delivering to the Company (i) shares of outstanding Common Stock of the Company together with stock powers
duly executed and with signature guaranteed. In the event payment is made in whole or in part by such shares, said shares shall
be deemed to have a per share value equal to the closing price of the shares on the last trading day immediately preceding the
date the shares are then being issued, or (ii) immediately tendering back to the Company sufficient shares of the Common Stock
acquired through exercise of the Option.

 

(c)           The Company shall not be obligated to deliver any stock unless and until (i)
all applicable Federal and state laws and regulations have been complied with, and (ii) the Shares to be delivered have been listed,
or authorized to be added to the list by the applicable exchange where they are listed; and all legal matters in connection with
the issuance and delivery of the Shares have been approved by counsel for the Company. You shall have no rights as a shareholder
until the stock is actually delivered to you.

 

9.           
TRANSFERABILITY.

 

(a)           If your Option is an Incentive Stock Option, your Option is not transferable, except by will or by the laws of descent and
distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to
the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter
be entitled to exercise your option.

 

(b)           If your Option is a Nonstatutory Stock Option, your Option is not transferable, except (i) by will or by the laws of descent
and distribution; (ii) with the prior written approval of the Company, by instrument to an inter vivos or testamentary
trust, in a form accepted by the Company, in which the option is to be passed to beneficiaries upon the death of the trustor (settlor);
and (iii) with the prior written approval of the Company, by gift, in a form accepted by the Company, to a permitted transferee
under Rule 701 of the Securities Act.

 

(c)           You agree not to effect any public sale or distribution of any equity securities of the Company, or any securities convertible
into or exchangeable or exercisable for such securities, during the seven days prior to and the 180 days after the effectiveness
of any underwritten public offering of the Company’s equity securities (or such longer or shorter period as may be requested
in writing by the managing underwriter and agreed to in writing by the Company) (the “Market Standoff Period”),
except as part of such underwritten registration if otherwise permitted. In addition, you agree to execute any further letters,
agreements and/or other documents requested by the Company or its underwriters which are consistent with the terms of this Section
9(c). The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until
the end of such Market Standoff Period.

 

    	 	4	 

     

    

 

10.         TERMINATION.

 

(a)           If
you are a consultant or directors and your relationship with the Company terminates for any reason your Option shall terminate
immediately. If you are an employee and your relationship with the Company terminates for any reason not listed below, your Option
shall terminate immediately.

 

(b)           If
your employment is terminated by the Company without Cause or by you for any reason other than Retirement your Option shall terminate
on the ninetieth (90th) day after such termination and you may exercise your option prior to such time but only to
the extent to which you were entitled on the date of termination. If your employment is terminated due to Retirement your Option
shall terminate on the ninetieth (90th) day after the date of Retirement and you may exercise your option prior to
such time but only to the extent to which you were entitled on the date of termination. Nothing herein shall be construed as extending
the exercisability of your Option to a date that is after the expiration date of the Option set forth in this Agreement or a date
that is more than ten (10) years after your option is granted.

 

(c)           If
your employment is terminated because of your disability, your option shall terminate one (1) year after such termination and
you may exercise your option prior to such time but only to the extent to which you were entitled on the date of such termination.
Nothing herein shall be construed as extending the exercisability of your Option to a date that is after the expiration date of
the option set forth in this Agreement or a date that is more than ten (10) years after the date your Option is granted.

 

(d)           If
your employment is terminated as a result of your death, your Option shall terminate one (1) year after the anniversary of your
death, and your executor, administrator or other legal representative of your estate or the person or persons to whom your rights
under your Option shall pass by will or the laws of descent and distribution may exercise your option prior to such time but only
to the extent to which you were entitled on the date of termination. Nothing herein shall be construed as extending the exercisability
of your Option to a date to a date that is after the expiration date of the Option set forth in this Agreement or more than ten
(10) years after the date your Option is granted.

 

11.         OPTION NOT A SERVICE CONTRACT. Your Option is not an employment or service contract, and nothing in your option shall
be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate,
or of the Company or an Affiliate to continue your employment. In addition, nothing in your Option shall obligate the Company
or an Affiliate, their respective stockholders, Boards of Directors, officers or employees to continue any relationship that you
might have as a Director or consultant for the Company or an affiliate.

 

12.         WITHHOLDING OBLIGATIONS.

 

(a)           At
the time you exercise your Option, in whole or in part, or at any time thereafter as requested by the Company, you hereby authorize
withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for any sums required
to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an affiliate, if any, which arise
in connection with the exercise of your Option.

 

    	 	5	 

     

    

 

(b)           Upon your request and subject to approval by the Company, in its sole discretion, and compliance with any applicable legal
conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the
exercise of your Option a number of whole shares of Common Stock having a fair market value, determined by the Company as of the
date of exercise based on the closing price of the shares on the last trading day immediately preceding the date the shares are
then being issued, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary
to avoid classification of your Option as a liability for financial accounting purposes). If the date of determination of any
tax withholding obligation is deferred to a date later than the date of exercise of your Option, share withholding pursuant to
the preceding sentence shall not be permitted unless you make a proper and timely election under Section 83(b) of the Code, covering
the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise
deferred, to accelerate the determination of such tax withholding obligation to the date of exercise of your Option. Notwithstanding
the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock determined
as of the date of exercise of your Option that are otherwise issuable to you upon such exercise. Any adverse consequences to you
arising in connection with such share withholding procedure shall be your sole responsibility.

 

(c)           You may not exercise your Option unless the tax withholding obligations of the Company and/or any affiliate are satisfied.
Accordingly, you may not be able to exercise your Option when desired even though your Option is vested, and the Company shall
have no obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow
provided for herein unless such obligations are satisfied.

 

13.           TAX
CONSEQUENCES. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation
programs in a manner that minimizes your tax liabilities. You shall not make any claim against the Company, or any of its Officers,
Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular,
you acknowledge that this Option is exempt from Section 409A of the Code only if the exercise price per share specified in the
Notice is at least equal to the Fair Market Value per share of the Common Stock on the Date of Grant and there is no other impermissible
deferral of compensation associated with the option.

 

14.           NOTICES.
Any notices provided for in your Option or the Plan shall be given in writing and shall be deemed effectively given upon receipt
or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at the last address you provided to the Company.

 

15.           GOVERNING
PLAN DOCUMENT. Your Option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of
your Option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be
promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of your Option and those of
the Plan, the provisions of the Plan shall control.

 

16.           RIGHTS
OF OPTIONEE. This Agreement does not entitle you to any voting rights or, except for the foregoing notice provisions, any
other rights as a shareholder of the Company. No dividends are payable or will accrue on your Option or the Shares purchasable
under this Agreement until, and except to the extent that, your Option are exercised. Upon the surrender of your Option and payment
of the Exercise Price as provided above, the person or entity entitled to receive the shares of the Common Stock issuable upon
such exercise shall be treated for all purposes as the record holder of such shares as of the close of business on the date of
the surrender of your Option for exercise as provided above. Upon the exercise of your Option, you shall have all of the rights
of a shareholder in the Company.

 

17.          GOVERNING
LAW. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Delaware without
giving effect to its principles governing conflicts of law.

 

 

    	 	6	 

     

    

 

NOTICE OF EXERCISE 

 

CALDERA PHARMACEUTICALS, INC.

 

Date of Exercise:                                        

 

 

 

Ladies and Gentlemen:

 

This constitutes notice under my stock
option that I elect to purchase the number of shares for the price set forth below.

 

	 	Type of option (check one): 	 	Incentive ☐	 	Nonstatutory ☐ 	 	 

 

	 	Stock option dated: 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Number of shares as to which option is exercised: 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Certificates to be issued in name of: 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Total exercise price: 	 	$	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Cash payment delivered herewith: 	 	$	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Value of ___ shares of Caldera. Pharmaceuticals, Inc2: 	 	$	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Number of shares of Caldera Pharmaceuticals, Inc. Delivered via cashless exercise	 	 	 	 	 	 

  

By this exercise, I agree:
(i) to provide such additional documents as you may require pursuant to the terms of the 2005 Stock Option Plan; (ii) to provide
for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the exercise
of this option; and (iii) if this exercise relates to an incentive stock option, to notify you in writing within fifteen (15)
days after the date of any disposition of any of the shares of Common Stock issued upon exercise of this option that occurs within
two (2) years after the date of grant of this option or within one (1) year after such shares of Common Stock are issued upon
exercise of this option.

 

 

2
Shares must be valued in accordance with the terms of the option being exercised, and must be owned free and clear
of any liens, claims, encumbrances or security interests. Certificates must be endorsed or accompanied by an executed assignment
separate from certificate.

 

     

     

    

 

I hereby make the following
certifications and representations with respect to the number of shares of Common Stock of the Company listed above (the "Shares"),
which are being acquired by me for my own account upon exercise of the Option as set forth above:

 

I acknowledge that the
Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”),
and are deemed to constitute "restricted securities" under Rule 701 and Rule 144 promulgated under the Securities
Act. I warrant and represent to the Company that I have no present intention of distributing or selling said Shares, except as
permitted under the Securities Act and any applicable state securities laws.

  

I further acknowledge
that all certificates representing any of the Shares subject to the provisions of the Option shall have endorsed thereon appropriate
legends reflecting the foregoing limitations, as well as any legends reflecting restrictions pursuant to the Company's Articles
of Incorporation, Bylaws and/or applicable securities laws.

 

Very truly yours,

 

 

 

     

     

    

 

[Provision for Community Property Jurisdiction]

 

CONSENT

 

The undersigned spouse of
____________________ hereby acknowledges that I have read the foregoing Stock Option Agreement and that I understand its contents.
I am aware that the Agreement provides for the repurchase of my spouse’s shares of Common Stock under certain circumstances
and imposes other restrictions on the Transfer of such Common Stock. I agree that my spouse’s interest in the Common Stock
is subject to this Agreement and any interest I may have in such Common Stock shall be irrevocably bound by this Agreement and
further that the my community property interest, if any, shall be similarly bound by this Agreement.

 

I am aware that the legal,
financial and other matters contained in this Agreement are complex and I am free to seek advice with respect thereto from independent
counsel. I have either sought such advice or determined after carefully reviewing this Agreement that I will waive such right.

 

	Date:
                                  	 	 	 
	 	 	 	 
	 	 	 	 
	Witness	 	Spouse

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