Document:

Exhibit 4.3 

Newgioco
Group, Inc.

RSU Award Grant Notice

(2018 Equity Incentive Plan)

Newgioco Group,
Inc. (the “Company”) has awarded to you (the “Participant”) the number of restricted
stock units specified and on the terms set forth below in consideration of your services (the “RSU Award”).
Your RSU Award is subject to all of the terms and conditions as set forth herein and in the Company’s 2018 Equity Incentive
Plan (the “Plan”) and the Award Agreement (the “Agreement”), which are attached
hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the Plan or the
Agreement shall have the meanings set forth in the Plan or the Agreement.

Participant:

Date of Grant:

Vesting Commencement Date:

Number of Restricted Stock Units:

 

Vesting Schedule:
[__________________________________________________________________]. Notwithstanding the foregoing, vesting shall terminate
upon the Participant’s termination of Continuous Service.

 

Issuance
Schedule:One share of Common Stock will be issued for each restricted stock unit which vests at the time set forth in Section
5 of the Agreement.

Participant Acknowledgements: By
your signature below or by electronic acceptance or authentication in a form authorized by the Company, you understand and agree
that:

	The RSU Award is governed by this RSU Award Grant Notice (the “Grant Notice”),
and the provisions of the Plan and the Agreement, all of which are made a part of this document. Unless otherwise provided in the
Plan, this Grant Notice and the Agreement (together, the “RSU Award Agreement”) may not be modified,
amended or revised except in a writing signed by you and a duly authorized officer of the Company.
	You have read and are familiar with the provisions of the Plan, the RSU Award Agreement
and the Prospectus. In the event of any conflict between the provisions in the RSU Award Agreement, or the Prospectus and the terms
of the Plan, the terms of the Plan shall control.
	The RSU Award Agreement sets forth the entire understanding between you and the Company
regarding the acquisition of Common Stock and supersedes all prior oral and written agreements, promises and/or representations
on that subject with the exception of: (i) other equity awards previously granted to you, and (ii) any written employment agreement,
offer letter, severance agreement, written severance plan or policy, or other written agreement between the Company and you in
each case that specifies the terms that should govern this RSU Award.

	
        Newgioco
        Group, Inc.

        By:

        Signature

        Title:

        Date:
	PARTICIPANT:
         

        Signature

        Date:

 

	
         

 

Attachments: RSU Award Agreement, 2018 Equity Incentive Plan

 

 

 

 

 

    	 

    	 

    

Newgioco
Group, Inc.

2018
Equity Incentive Plan

Award
Agreement (RSU Award)

As reflected by
your Restricted Stock Unit Grant Notice (“Grant Notice”) Newgioco Group, Inc. (the “Company”)
has granted you a RSU Award under its 2018 Equity Incentive Plan (the “Plan”) for the number of restricted
stock units as indicated in your Grant Notice (the “RSU Award”). The terms of your RSU Award as specified
in this Award Agreement for your RSU Award (the “Agreement”) and the Grant Notice constitute your “RSU
Award Agreement”. Defined terms not explicitly defined in this Agreement but defined in the Grant Notice or the Plan
shall have the same definitions as in the Grant Notice or Plan, as applicable.

The general terms
applicable to your RSU Award are as follows:

1.                 
Governing Plan Document. Your
RSU Award is subject to all the provisions of the Plan. 

Your RSU Award 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 RSU Award Agreement and the provisions of the Plan, the provisions
of the Plan shall control.

2.                 
Grant of the RSU Award. This
RSU Award represents your right to be issued on a future date the number of shares of the Company’s Common Stock that is
equal to the number of restricted stock units indicated in the Grant Notice subject to your satisfaction of the vesting conditions
set forth therein (the “Restricted Stock Units”). Any additional Restricted Stock Units that become subject
to the RSU Award pursuant to Capitalization Adjustments as set forth in the Plan and the provisions of Section 3 below, if any,
shall be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and
time and manner of delivery as applicable to the other Restricted Stock Units covered by your RSU Award.

3.                 
Dividends. You may become
entitled to receive payments equal to any cash dividends and other distributions paid with respect to a corresponding number of
shares of Common Stock to be issued in respect of the Restricted Stock Units covered by your RSU Award. Any such dividends or distributions
shall be subject to the same forfeiture restrictions as apply to the Restricted Stock Units and shall be paid at the same time
that the corresponding shares are issued in respect of your vested Restricted Stock Units, provided, however that to the extent
any such dividends or distributions are paid in shares of Common Stock, then you will automatically be granted a corresponding
number of additional Restricted Stock Units subject to the RSU Award (the “Dividend Units”), and further
provided that such Dividend Units shall be subject to the same forfeiture restrictions and restrictions on transferability, and
same timing requirements for issuance of shares, as apply to the Restricted Stock Units subject to the RSU Award with respect to
which the Dividend Units relate.

4.                 
Withholding Obligations.

(a)              
As further provided in Section 14 of the Plan, 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, if any, which arise in connection with your RSU Award (the “Withholding
Taxes”) in accordance with the withholding procedures established by the Company. Unless the Withholding Taxes are
satisfied, the Company shall have no obligation to deliver to you any Common Stock in respect of the RSU Award. In the event the
Withholding Obligation of the Company arises prior to the delivery to you of Common Stock or it is determined after the delivery
of Common Stock to you that the amount of the Withholding Obligation was greater than the amount withheld by the Company, you agree
to indemnify and hold the Company harmless from any failure by the Company to withhold the proper amount.

    

    

    

5.                 
Date of Issuance. 

(a)              
To the extent your RSU Award is exempt from application of Section 409A of the Code and
any state law of similar effect (collectively “Section 409A”), the Company will deliver to you a number
of shares of the Company’s Common Stock equal to the number of vested Restricted Stock Units subject to your RSU Award, including
any additional Restricted Stock Units received pursuant to Section 3 above that relate to those vested Restricted Stock Units on
the applicable vesting date(s), or if such date is not a business day, such delivery date shall instead fall on the next following
business day (the “Original Distribution Date”). 

(b)             
Notwithstanding the foregoing, in the event that you are prohibited from selling shares
of the Company’s Common Stock in the public market on the scheduled delivery date by the Trading Policy or otherwise, and
the Company elects not to satisfy its tax withholding obligations by withholding shares from your distribution, then such shares
shall not be delivered on such Original Distribution Date and shall instead be delivered on the first business day when you are
not prohibited from selling shares of the Company’s Common Stock in the open market, but in no event later than the fifteenth
(15th) day of the third calendar month of the calendar year following the calendar year in which the shares covered by the RSU
Award vest. Delivery of the shares pursuant to the provisions of Section 5 is intended to comply with the requirements for the
short-term deferral exemption available under Treasury Regulations Section 1.409A-1(b)(4) and shall be construed and administered
in such manner. 

6.                 
Transferability. Except
as otherwise provided in the Plan, your RSU Award is not transferable, except by will or by the applicable laws of descent and
distribution 

7.                 
Change In control. Your
RSU Award is subject to the terms of any agreement governing a change in control involving the Company.

8.                 
No Liability for Taxes.
As a condition to accepting the RSU Award, you hereby (a) agree to not make any claim against the Company, or any of its Officers,
Directors, Employees or Affiliates related to tax liabilities arising from the RSU Award or other Company compensation and (b)
acknowledge that you were advised to consult with your own personal tax, financial and other legal advisors regarding the tax consequences
of the RSU Award and have either done so or knowingly and voluntarily declined to do so.

9.                 
Severability. If any part
of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or
invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of
this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed in a manner which
will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

10.             
Other Documents. You hereby
acknowledge receipt of or the right to receive a document providing the information required by Rule 428(b)(1) promulgated under
the Securities Act, which includes the Prospectus. In addition, you acknowledge receipt of the Company’s Trading Policy.

11.             
Questions.  If you have
questions regarding these or any other terms and conditions applicable to your RSU Award, including a summary of the applicable
federal income tax consequences please see the Prospectus.Exhibit 4.4

Newgioco
Group, Inc.

RESTRICTED STOCK AWARD GRANT NOTICE

(2018 Equity Incentive Plan)

Newgioco
Group, Inc. (the “Company”) has awarded to you (the “Participant”) the number
of restricted shares of common stock specified and on the terms set forth below in consideration of your services (the “Restricted
Stock Award”). Your Restricted Stock Award is subject to all of the terms and conditions as set forth herein and
in the Company’s 2018 Equity Incentive Plan (the “Plan”) and the Award Agreement (the “Agreement”),
which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined
in the Plan or the Agreement shall have the meanings set forth in the Plan or the Agreement.

Participant:

Date of Grant:

Vesting Schedule:

Number of Restricted Shares Awarded:

Notwithstanding the foregoing,
vesting shall terminate upon the Participant’s termination of Service.

Participant Acknowledgements:
By your signature below or by electronic acceptance or authentication in a form authorized by the Company, you understand and agree
that:

	The Restricted Stock Award is governed
by this Restricted Stock Award Grant Notice (the “Grant Notice”), and the provisions of the Plan and
the Agreement, all of which are made a part of this document. Unless otherwise provided in the Plan, this Grant Notice and the
Agreement (together, the “Restricted Stock Award Agreement”) may not be modified, amended or revised
except in a writing signed by you and a duly authorized officer of the Company.
	You have read and are familiar
with the provisions of the Plan, the Restricted Stock Award Agreement and the Prospectus. In the event of any conflict between
the provisions in the Restricted Stock Award Agreement, or the Prospectus and the terms of the Plan, the terms of the Plan shall
control.
	The Restricted Stock Award Agreement
sets forth the entire understanding between you and the Company regarding the acquisition of Common Stock and supersedes all prior
oral and written agreements, promises and/or representations on that subject with the exception of: (i) other equity awards previously
granted to you, and (ii) any written employment agreement, offer letter, severance agreement, written severance plan or policy,
or other written agreement between the Company and you in each case that specifies the terms that should govern this Restricted
Stock Award.

	
        Newgioco
        Group, Inc.

        By:

        Signature

        Title:

        Date:
	
        Participant:

         

        Signature

        Date:

		Attachments:	Restricted Stock Award Agreement, 2018 Equity Incentive Plan

    	 

    	 

    

 

ADDITIONAL TERMS AND CONDITIONS OF

NEWGIOCO GROUP, INC.

RESTRICTED STOCK AGREEMENT

UNDER THE 2018 STOCK INCENTIVE PLAN
(the “Plan”)

 

1. Restricted
Stock Held in Plan Name. Restricted Stock shall be issued in the name of the Plan and held for the account and benefit of the
Participant. The Committee (as defined in the Plan) shall cause periodic statements of account to be delivered to the Participant,
at such time or times as the Committee may determine in its sole discretion, showing the number of Restricted Stock held by the
Plan on behalf of the Participant. Subject to other Additional Terms and Conditions, the Committee shall cause one or more certificates
to be delivered to the Participant as soon as administratively practicable following the date that all or any portion of the Restricted
Stock become Vested Restricted Stock.

2. Condition
to Delivery of Vested Restricted Stock.

(a) If
Participant makes a timely election pursuant to Section 83(b) of the Code, it is a condition to receiving the Vested Restricted
Stock that Participant must deliver to the Company, within thirty (30) days of making the election pursuant to said Section 83(b)
as to all or any portion of the Restricted Stock, either cash or a certified check payable to the Company in the amount of all
of the tax withholding obligations (whether federal, state or local), imposed on the Company by reason of the making of an election
pursuant to said Section 83(b).

(b) If
the Participant does not make a timely election pursuant to Section 83(b) of the Code as to all of the Restricted Stock, the Participant
may notify the Company in writing, which notice must be received by the Company at least thirty (30) days prior to the date Restricted
Stock become Vested Restricted Stock (or such later date as the Committee may permit), that the Participant wishes to pay in cash
all of the tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of some
or all of the Restricted Stock. As a condition to receiving the Vested Restricted Stock, Participant must deliver to the Company
no later than three (3) business days of the vesting either cash or a certified check payable to the Company in the amount of all
of the tax withholding obligations (whether federal, state or local) imposed on the Company by reason of the vesting of the Vested
Restricted Stock to which the election applies.

(c) If
the Participant does not make a timely election pursuant to Section 83(b) of the Code as provided in Section 2(a), or deliver a
timely election to make a supplemental payment with cash or by certified check for tax withholding obligations as provided in Section
2(b) as to all or a portion of the Vested Restricted Stock, Participant will be deemed to have elected to have the actual number
of Vested Restricted Stock reduced by the smallest number of whole shares of underlying Common Stock which, when multiplied by
the fair market value of the underlying Common Stock, as determined by the Committee, on the date of the vesting event is sufficient
to satisfy the amount of the tax withholding obligations imposed on the Company by reason of the vesting of such Vested Restricted
Stock (the “Withholding Election”). Participant understands and agrees that Participant’s acceptance
of this Restricted Stock Award will be deemed to be Participant’s election to make a Withholding Election pursuant to this
Section 2(c) and such other consistent terms and conditions prescribed by the Committee.

(d) In
addition to the provisions of Sections 2(a)-(c), if Participant is terminated by the Company other than for Cause and has not made
a timely election pursuant to Section 83(b) of the Code, Participant will be deemed to have elected to have the actual number of
Restricted Stock that will vest pursuant to the terms of the Plan reduced by the smallest number of whole shares of the underlying
Common Stock which, when multiplied by the fair market value of the underlying Common Stock, as determined by the Committee, is
sufficient to satisfy the amount of the tax withholding obligations imposed on the Company by reason of the vesting of such Restricted
Stock. The date for the withholding will be the date the tax withholding obligation is imposed on the Company, as determined by
the Company. A stock certificate for such Restricted Stock (net of any tax withholdings) will be issued and held by the Company
and delivered to Participant after the Vesting Date or as otherwise provided herein. Participant understands and agrees that Participant’s
acceptance of this Restricted Stock Award will be deemed to be Participant’s election to make a tax withholding election
pursuant to this Section 2(d) and such other consistent terms and conditions prescribed by the Committee.

(e) The
Committee reserves the right to give no effect to a withholding election under Sections 2(b), (c) or (d) in which case the Participant
will remain obligated as a condition to receiving the Vested Restricted Stock to satisfy applicable tax withholding obligations
with cash or by a certified check in the manner provided by the Committee. If the Committee elects not to give effect to a withholding
election under Sections 2(b), (c) or (d), it shall provide the Participant with written notice reasonably in advance of the applicable
vesting event.

    

    

    

3. Rights
as Stockholder. The Restricted Stock will be held for the Participant by the Company until a disposition of the Restricted
Stock occurs in accordance with Section 4(d). Participant shall have all the rights of a stockholder on shares of Restricted Stock
that vest. With respect to unvested Restricted Stock: (a) Participant shall have the right to vote such shares at any meeting of
stockholders of the Company; (b) Participant shall have and the right to receive, free of vesting restrictions (but subject to
applicable withholding taxes) all cash dividends paid with respect to such shares; and (c) any non-cash dividends and other non-cash
proceeds of such shares, including stock dividends and any other securities issued or distributed in respect of such shares shall
be subject to the same vesting and forfeiture conditions, and the terms of Section 4(d), as the shares of Restricted Stock to which
they relate, and the term “Restricted Stock” when used in this Agreement shall also include any related
stock dividends and other securities issued or distributed in respect of such shares.

4. Vesting,
Forfeiture and Restrictions on Transfer of Restricted Stock.

(a) Generally.
The shares of Restricted Stock which have become Vested Restricted Stock pursuant to the Vesting Schedule shall be considered as
fully earned by the Participant, subject to the further provisions of this Section 4 and any applicable provisions of any employment
agreement between the Participant and the Company (“Employment Agreement”), provided that the Company
shall continue to hold the shares of Vested Restricted Stock on behalf of the Participant or instruct the transfer agent to hold
the shares of Vested Restricted Stock on behalf of the Participant or pending disposition pursuant to Section 4(d). Any Restricted
Stock that do not become Vested Restricted Stock in accordance with the Vesting Schedule or the provisions of this Section 4 as
of the Participant’s termination of Service (as described in Section 4(h) of the Plan) with the Company and/or its affiliates
will be forfeited and transferred back to the Company.

(b) Vesting
and Forfeitures upon Termination of Employment or Service and/or Change in Control.

(i)
Termination by Participant. Except as provided in Section 4(b)(ii), upon a termination of Service prior to the Vesting Date
effected by the Participant all unvested Restricted Stock shall be forfeited as of the effective date of such Termination of Employment.

(ii)
Termination of Service; Change in Control. Subject to the provisions of Section 4(h) of the Plan, the Restricted Stock shall
become vested to the extent and at the time or times set forth in the Vesting Schedule. In the event of a Change in Control, all
Restricted Stock shall become fully vested immediately prior to the effective date of a Change in Control provided Participant
is still providing Services to, the Company or any of its subsidiaries immediately prior to the effective date of the Change in
Control.

(d) Restrictions
on Transfer of Restricted Stock. Except as otherwise provided in the Plan, your Restricted Stock Award is not transferable,
except by will or by the applicable laws of descent and distribution.

(e) Legends.
Subject to Section 5 below, Participant agrees that the Company may endorse any certificates for Restricted Stock or Vested Restricted
Stock with such legends to reflect the restrictions provided for herein or otherwise required by applicable federal or state securities
laws. The Company need not register a transfer of the Restricted Stock and may also instruct its transfer agent not to register
the transfer of the Restricted Stock unless the conditions specified in any legends are satisfied.

5. Removal
of Legend and Transfer Restrictions. Any restrictions, restrictive legends and any related stop transfer instructions may be
removed at the direction of the Committee and the Company shall issue necessary replacement certificates or instruct the transfer
agent to remove such restrictions or legends without that portion of the legend to the Participant as of the date that the Committee
determines that such legend(s) and/or instructions are no longer applicable. Unless otherwise determined at the time of the Grant
of the Restricted Stock and as set forth in the applicable Restricted Stock Agreement, the vesting schedule for the Restricted
Stock will be subject to the provisions of the Plan.

6. Change
in Capitalization.

(a) The
number and kind of Restricted Stock shall be proportionately adjusted to reflect a merger, consolidation, reorganization, recapitalization,
reincorporation, stock split, stock dividend or other change in the capital structure of the Company in accordance with the terms
of the Plan. All adjustments made by the Committee under this Section shall be final, binding, and conclusive upon all parties.

    

    

    

(b)
The existence of the Plan and the Restricted Stock Award shall not affect the right or power of the Company to make or authorize
any adjustment, reclassification, reorganization or other change in its capital or business structure, any merger or consolidation
of the Company, any issue of debt or equity securities having preferences or priorities as to the Common Stock or the rights thereof,
the dissolution or liquidation of the Company, any sale or transfer of all or part of its business or assets, or any other corporate
act or proceeding. 

7. Governing
Law. Except to the extent preempted by any applicable federal law, this Agreement shall be construed and administered in accordance
with the laws of the State of Delaware, without reference to its principles of conflicts of law. The parties shall resolve all
disputes, controversies and differences which may arise between the parties, out of or in relation to or in connection with this
Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope
or applicability of this Agreement to arbitrate, after discussion in good faith attempting to reach an amicable solution. Such
discussion will begin immediately after one party has delivered to the other party a request for discussion. If the dispute, controversy,
or claim cannot be resolved within 14 days following the date on which the request for discussion is delivered, then it will be
finally settled by arbitration held in Deerfield Beach, Florida in accordance with the latest Rules of the American Arbitration
Association. Such arbitration shall be conducted by one arbitrator appointed as follows: each party will appoint one arbitrator
and the appointed arbitrators shall appoint the deciding arbitrator. The arbitration proceeding must take place within 30 days
of such arbitration request, with a final adjudication granted within 7 days of the arbitration proceeding. The decision of the
tribunal shall be final and may not be appealed. The arbitral tribunal may, in its discretion award fees and costs as part of its
award. Judgment on the arbitral award may be entered by any court of competent jurisdiction, including any court that has jurisdiction
over either of the party or any of their assets.

8. Successors.
This Agreement shall be binding upon and inure to the benefit of the heirs, legal representatives, successors, and permitted assigns
of the parties.

9. Notice.
Except as otherwise specified herein, all notices and other communications under this Agreement shall be in writing and shall be
deemed to have been given if personally delivered or if sent by registered or certified United States mail, return receipt requested,
postage prepaid, addressed to the proposed recipient at the last known address of the recipient. Any party may designate any other
address to which notices shall be sent by giving notice of the address to the other parties in the same manner as provided herein.

10. Severability.
In the event that any one or more of the provisions or portion thereof contained in this Agreement shall for any reason be held
to be invalid, illegal, or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions
of this Agreement, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision or portion thereof
had never been contained herein.

11. Entire
Agreement. Subject to the terms and conditions of the Plan, and the applicable provisions of the Employment Agreement (if any),
this Agreement expresses the entire understanding and agreement of the parties with respect to the subject matter. In the event
of any conflict between the provisions of the Plan and the terms of this Agreement, the provisions of the Plan will control. The
Restricted Stock Award has been made pursuant to the Plan and an administrative record is maintained by the Committee indicating
under which plan the Restricted Stock Award is authorized.

12. Violation.
Any disposition of the Restricted Stock or any portion thereof shall be a violation of the terms of this Agreement and shall be
void and without effect.

13. Headings.
Paragraph headings used herein are for convenience of reference only and shall not be considered in construing this Agreement.

14. Specific
Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions
of this Agreement, the party or parties who are thereby aggrieved shall have the right to specific performance and injunction in
addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative.

15. No
Right to Continued Retention. Neither the establishment of the Plan nor the award of Restricted Stock hereunder shall be construed
as giving Participant the right to a continued service relationship with the Company or an affiliate.

16. Definitions.
Any terms which are capitalized herein but not defined herein shall have the meaning set forth in the Plan.

 

*****

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