Document:

AS
AMENDED AND RESTATED

 

Date:
August 4, 2022

 

Mr.
Chan Sidney Soong-Ling

53
Cairnhill Road

#33-01
Cairnhill Plaza

Singapore
229664

 

 

Dear
Mr. Chan

 

 

LETTER
OF EMPLOYMENT

 

We,
ALR Technologies SG Pte. Ltd. (“Company”),
are pleased to offer you employment in the Company on the following terms and conditions (“Agreement”).

 

 

		1.	APPOINTMENT
                                            

 

		1.1	Your
                                            job designation at the Company is Chief Executive Officer. Your main duties and responsibilities
                                            are set out in Schedule B.

 

		1.2	You
                                            shall: 

 

		(a)	use
                                            your best endeavours in the performance of your duties, as may from time to time be assigned
                                            to you; 

 

		(b)	devote
                                            necessary and reasonable amount of your time, attention and abilities to such duties during
                                            the hours of work and at other times as reasonably necessary; 

 

		(c)	perform
                                            your duties faithfully and diligently;

 

		(d)	follow
                                            lawful and reasonable directions given to you by the Company; 

 

		(e)	promote
                                            the interests of the Company; and

 

		(f)	comply
                                            with all applicable laws in the performance of your duties. 

 

		1.3	The
                                            Company may from time to time require you to perform such other reasonable duties in the
                                            interests of the Company and it Affiliates, and the Company will advise you in writing in
                                            advance if this happens. “Affiliates”
                                            means with respect to any entity or person, all entities which are controlling, controlled
                                            by or under common control with such entity or person (including any investment vehicle of
                                            such entity or person), or in relation to an individual, his family and relatives, as well
                                            as any business, company or corporation which they have an interest in. “control”
                                            means the power to elect or appoint a majority of directors or to direct the management of
                                            the first-mentioned entity, or the ownership of more than 50% of the voting rights of the
                                            shares or other equity interests or registered capital of such entity.

 

		1.4	You
                                            shall not during the continuance of your employment be directly or indirectly engaged, interested
                                            or invested in any capacity in any trade, business, occupation or activities that is in direct
                                            conflict with the interests and business of the Company, without the prior approval in writing
                                            of the Company (which may be withheld by the Company at its sole discretion).

 

    	 

    	 

    

 

		1.5	You
                                            shall not during the continuance of your employment accept any gift, gratuity, favour or
                                            benefit of any kind from a customer, client, supplier or prospective customer, client or
                                            supplier of the Company that could reasonably cause influence or create the pressure for
                                            return of a benefit, without the prior approval in writing of the Company (which may be withheld
                                            by the Company at its sole discretion). 

 

 

		2.	COMMENCEMENT
                                            DATE AND TERM OF SERVICE

 

		2.1	Your
                                            appointment shall commence on July 1, 2022 (the “Commencement Date”) and shall
                                            continue unless terminated in accordance with clause 6 or clause 13.2 of the Agreement (as
                                            the case may be).

 

		2.2	This
                                            Agreement is intended to supersede the agreement dated 25 May 2015 between ALR Technologies
                                            Inc. and you, which shall become ineffective from the date of your acceptance of this Agreement.

 

 

		3.	PLACE
                                            OF WORK AND HOURS OF WORK

 

		3.1	You
                                            will be based at the address set out in Schedule A or at such other place as may be determined
                                            by the Company. You may be required to travel on the business of the Company in the performance
                                            of your duties without additional remuneration.

 

		3.2	You
                                            will perform such hours of work as are necessary to perform your duties. Because of the nature
                                            of your position, you agree to work reasonable additional hours (including on weekends and
                                            public holidays) of overtime in order to perform your duties. Your remuneration has been
                                            set taking these factors into account.

 

 

		4.	REMUNERATION

 

		4.1	Your
                                            remuneration is set out in Schedule A, subject to such statutory deductions and/or withholdings
                                            as may be required in accordance with any applicable legislation in force in Singapore, including
                                            but not limited to (a) any Central Provident Fund (“CPF”) contributions,
                                            if any, required under the Central Provident Fund Act (Chapter 36) of Singapore, and (b)
                                            any withholding of salary or any other sum due to you for tax clearance purposes, required
                                            under the Employment Act (Chapter 91) of Singapore.

 

		4.2	The
                                            salary shall be subject to annual review by the Company.

 

		4.3	You
                                            may be eligible for bonus where applicable. The amount of any bonus payments may vary from
                                            time to time. Your eligibility for and amount of bonus payments are within the Company’s
                                            sole and complete discretion. Your eligibility for any bonus is set out in Schedule A.

 

		4.4	You
                                            shall be given an allowance for travel, communications and entertainment as set out in Schedule
                                            A.

 

		4.5	All
                                            personal income tax on salaries, allowances, bonuses and/or perquisites will be borne by
                                            you.

 

		4.6	Any
                                            benefits that you may be entitled to are set out in paragraph 7 and Schedule A.

 

		4.7	The
                                            Company will reimburse you for all reasonable expenses incurred in the performance of your
                                            duties, subject to the Company’s Policies (as
                                            defined in paragraph 12 below).

 

 

		5.	PROBATION

 

(Provision
not applicable.)

 

    	 

    	 

    

 

		6.	TERMINATION

 

		6.1	Either
                                            party may terminate this appointment by giving written notice to the other party. The notice
                                            period is set out in Schedule A. For the avoidance of doubt, any termination by the Company
                                            under this Clause 6 shall be deemed to be a severance and shall be subject to the provisions
                                            of Clause 15.

 

		6.2	If
                                            notice of termination of employment is given by either party, the Company may at its discretion:

 

		(a)	pay
                                            you in lieu of the applicable notice period and require you to stop working from the date
                                            of notice of termination; or

 

		(b)	require
                                            you to work for part of the applicable notice period and pay you in lieu of the balance of
                                            the period,

 

and
you will comply with any such directions if they are given by the Company, including but not limited to any instructions the Company
may give in connection with the handing over of work and the dealing or communication with any of its customers and/or suppliers.

 

		6.3	The
                                            Company shall be entitled to terminate your employment immediately upon written notice (but
                                            without prejudice to the rights and remedies of the Company for any breach of this Agreement
                                            and to your continuing obligations hereunder) in any of the following cases, namely:

 

		(a)	if
                                            you commit any material or persistent breach of any of the provisions contained herein;

 

		(b)	if
                                            you are guilty of any grave misconduct or willful neglect in the discharge of your duties
                                            hereunder;

 

		(c)	if
                                            you commit an act, whether at work or otherwise, which brings the Company into disrepute;
                                            

 

		(d)	if
                                            you become bankrupt or make any arrangement or composition with your creditors;

 

		(e)	if
                                            you become of unsound mind; or

 

		(f)	if
                                            you are convicted of any criminal offence other than an offence which in the reasonable opinion
                                            of the board of directors of the Company does not affect your position at the Company.

 

		6.4	Before
                                            your employment ends or at the request of the Company, you must return to the Company all
                                            property belonging to the Company, including but not limited to access cards, communication
                                            devices, computers, documents (both physical and electronically stored copies), keys and
                                            all other things of every type that were acquired or prepared in connection with Company
                                            business and/or in the course of your employment. Failure to do so by you may result in the
                                            Company making appropriate deductions and/or enforcing all rights it may have under this
                                            Agreement and/or under applicable law against you.

 

		6.5	Where
                                            applicable and to the extent permitted by law, any outstanding advances or other payments
                                            that may be due to the Company by you will be deducted before payment of any amounts is made
                                            to you upon termination of employment.

 

		6.6	You
                                            acknowledge that any salary and/or any bonus to be paid to you at the end of your employment
                                            will be subject to any tax deductions (including but limited to withholding tax) that may
                                            be applicable in accordance with the law for the time being in force.

 

 

    	 

    	 

    

		7.	LEAVE
                                            AND BENEFITS

 

		7.1	You
                                            shall be entitled to the following:

 

		(a)	health
                                            and medical insurance and benefits generally accorded by the Company to employees holding
                                            a similar position, as may be determined by the Company and any other benefits as may be
                                            set out in Schedule A;

 

		(b)	paid
                                            annual leave as set out in Schedule A;

 

		(c)	paid
                                            sick leave as set out in Schedule A, subject to the following provisions:

 

		(i)	you
                                            are entitled to take sick leave if you are unable to attend work due to illness or injury
                                            as certified by a medical practitioner, provided that you notify the Company as soon as practicable
                                            of your absence. For the avoidance of doubt, sick leave includes hospitalisation and out-patient
                                            sick leave; and

 

		(ii)	sick
                                            leave is available only for circumstances where an illness or injury genuinely prevents you
                                            from attending work as certified by a registered medical practitioner. Any abuse of this
                                            entitlement will be considered serious misconduct.

 

		(d)	other
                                            paid and unpaid leave as set out in Schedule A; and

 

		(e)	such
                                            other benefits as may be set out in Schedule A.

 

		7.2	You
                                            may be required to work on gazetted public holidays. For each gazetted public holiday on
                                            which the Company requires you to work, your entitlement is set out in Schedule A.

 

 

		8.	RESTRICTIVE
                                            COVENANTS

 

		8.1	You
                                            hereby agree that for the duration of your employment with the Company and for a period of
                                            six (6) months commencing from your last day of service with the Company, you shall not at
                                            any time:

 

		(a)	on
                                            your own behalf or on the behalf of or in association with a third party or in any capacity
                                            whatsoever, entice or seek to entice away from the Company and/or any of its affiliates,
                                            any directors, officers or employees, whether or not any such person would thereby commit
                                            a breach of his or her contract of service or employment; 

 

		(b)	on
                                            your own behalf or in association of or in association with any third party or in any capacity
                                            whatsoever, solicit or seek to solicit the business of any person, firm, company or party
                                            which at any time has been a customer or client of, or supplier of goods or services to,
                                            the Company and/or any of its affiliates, in competition with the Company and/or any of its
                                            affiliates; and 

 

		(c)	be
                                            engaged, concerned or interested whether directly or indirectly and whether on your own behalf
                                            or on behalf of or in association with any third party or in any capacity, whatsoever, in
                                            operating, performing, carrying on, or being employed by any business that competes with
                                            the business carried on by the Company and/or any of its affiliates for the time being in
                                            any territory which the Company and/or any of its affiliates operate. 

 

		8.2	You
                                            further agree that:

 

		(a)	the
                                            restrictions contained in this paragraph 8 are no greater than is reasonable and necessary
                                            for the protection of the interests of the Company. If any such restriction shall be held
                                            to be void but would be valid if deleted in part or reduced in application, such restriction
                                            shall apply with such deletion or modification as may be necessary to make it valid and enforceable;
                                            

    	 

    	 

    

 

		(b)	your
                                            salary paid under this Agreement includes consideration for the obligations you have agreed
                                            to in paragraphs 8, 9 and 10 and that no other payments will be made to you during the period
                                            of your obligations and/or restrictions under paragraphs 8, 9 and 10;

 

		(c)	you
                                            intend the obligations and/or restrictions under paragraphs 8, 9 and 10 to operate to the
                                            maximum extent; 

 

		(d)	damages
                                            may be inadequate to protect the Company’s interests and the Company is entitled to
                                            seek and obtain injunctive relief, or any other remedy, in any court in connection with the
                                            obligations and/or restrictions under paragraphs 8, 9 and 10; and

 

		(e)	the
                                            obligations and/or restrictions under paragraphs 8, 9 and 10 are separate, distinct and several,
                                            so that the unenforceability of any obligation and/or restriction does not affect the enforceability
                                            of the other obligation and/or restriction. 

 

		8.3	Your
                                            obligations under this paragraph 8 will continue after your employment ends.

 

 

		9.	CONFIDENTIALITY
                                            AND DATA PROTECTION

 

		9.1	You
                                            shall not, during the continuance of your employment, or at any time after its termination:

 

		(a)	disclose
                                            to any person or persons (except to those authorised by the Company to know, or as otherwise
                                            required by law);

 

		(b)	use
                                            for your own purposes or for any purposes other than those of the Company; or

 

		(c)	through
                                            any failure to exercise all due care and diligence cause any unauthorised disclosure of,
                                            

 

any
information about the Company or its business (including but not limited to any idea, concept, trade secret, financial information, customer
and supplier information, process or know-how, procedures, data, marketing plans, business plans, unpublished balance sheets, budgets,
licenses, pricing, costs and customer and supplier lists), such information being “Confidential Information”, that:

 

		(i)	comes
                                            to your notice in the course of your employment; or

 

		(ii)	is
                                            generated by you in the course of performing your duties,

 

that
the Company considers to be confidential (whether or not marked confidential) or is not in the public domain (unless in the public domain
because of a breach of confidentiality).

 

		9.2	You
                                            must, without any limit on your duty of fidelity towards the Company, at all times not use
                                            or disclose any Confidential Information unless the use or disclosure is:

 

		(a)	required
                                            by law; 

 

		(b)	made
                                            as part of the proper performance of your duties under this Agreement; or

 

		(c)	agreed
                                            to by the Company in writing.

 

		9.3	You
                                            must take all reasonable and necessary precautions to maintain the secrecy and prevent disclosure
                                            of Confidential Information. Confidential Information should not be disclosed even within
                                            the Company except as necessary for you to perform your duties or on a need-to-know basis.
                                            Unless you have obtained the Company’s consent in writing, you must not present, publish
                                            or otherwise disclose in any form or media any Confidential Information.

 

    	 

    	 

    

		9.4	All
                                            records, papers, notes, reports, memoranda and all other documents (and all copies thereof)
                                            prepared, kept or obtained by you containing Confidential Information (in both physical and
                                            electronically stored formats) will be and remain the property of the Company and you will
                                            return all of the same that may be in your possession forthwith upon your employment ending.

 

		9.5	You
                                            acknowledge that any disclosure by you of Confidential Information would materially harm
                                            the Company.

 

		9.6	These
                                            restrictions continue to apply after the termination of your employment but shall cease to
                                            apply to Confidential Information which may become available to the public generally (unless
                                            in the public domain because of a breach of confidentiality).

 

		9.7	You
                                            agree and consent that the Company may, where reasonably necessary, access, view, collect
                                            and/or retain any data which is saved, processed, transmitted and/or generated in computing
                                            devices, e-mail services and/or any storage devices provided to you.

 

		9.8	You
                                            agree and consent that the Company may collect, use, disclose and process your personal data
                                            for the purposes of managing and administering your employment with the Company.

 

		9.9	You
                                            will comply with all applicable law in connection with the protection of personal data, including
                                            but limited to the Personal Data Protection Act 2012. You will also comply with the Company’s
                                            Policies (as defined in paragraph 12 below) in connection with personal data protection and/or
                                            privacy. 

 

 

		10.	INTELLECTUAL
                                            PROPERTY

 

		10.1	You
                                            agree that the Company, its Affiliates and/or its assigns own all the IP Rights in the Company’s
                                            Confidential Information. “IP Rights” shall mean any and all worldwide
                                            intellectual property rights, whether registered or unregistered, and similar rights, and
                                            include without limitation patents, utility models, design rights, semiconductor property
                                            rights, copyrights and ancillary copyrights, rights in trade marks, trade names, titles,
                                            trade secrets and know-how, rights deriving from corresponding applications of such rights,
                                            as well as rights in and entitlements to such rights, and other intellectual property and
                                            proprietary rights, but shall not include the IP Rights as set out in Schedule C, which the
                                            Company acknowledges that you own.

 

		10.2	You
                                            agree that the Company will own the IP Rights to any information, inventions, creations or
                                            works of authorship created by you in the course of performing your duties under this Agreement
                                            except as agreed upon in writing between you and the Company. You agree to transfer any such
                                            IP Rights, to the fullest extent legally permissible, to the Company. Where such transfer
                                            is not legally permissible or effective, you hereby grant the Company an exclusive licence
                                            to use such IP Rights for all uses currently known and unknown, without any fee or other
                                            consideration being payable. Such licence is granted as broadly as legally possible and shall
                                            in particular, but without limitation, be unlimited (in respect of duration, territorial
                                            scope and scope of the rights concerned), exclusive, irrevocable and transferable and shall
                                            include the right to grant sub-licences to third parties. In particular, the licence shall
                                            include rights to permanently or temporarily reproduce the works underlying the respective
                                            IP Rights by any means and in any form, in part or in whole (including the loading, displaying,
                                            running, transmission or storage of works for the purposes of execution and processing of
                                            data or transmission to picture, sound and other data storage media) and the right to distribute,
                                            display and present such works and the right to make available such works to the public (for
                                            example via internet), and to transmit and to display the works by any means. The licence
                                            also includes rights to amend, translate, adapt, arrange and otherwise alter the works and
                                            to use such results in the same way as the original works.

 

		10.3	Where
                                            required by the Company, you will perform further deeds, acts or declarations to entitle
                                            the Company and/or its assigns to ensure the licence mentioned above in its favour. You agree
                                            to execute any such further deeds or documents and to undertake any such further acts or
                                            make any requisite declarations forthwith. Any costs accruing in this context shall be borne
                                            by the Company.

 

    	 

    	 

    

		10.4	You
                                            will not infringe any of the Company’s IP Rights during your employment with the Company
                                            and after your employment ends.

 

		10.5	Your
                                            obligations under this paragraph 10 will continue after your employment ends.

 

		11.	HEALTH
                                            AND SAFETY REGULATIONS

The company is committed to provide a safe working environment for all employees. You are required to abide by all health and safety
rules and procedures operating within the Company.

 

		12.	OTHER
                                            TERMS AND CONDITIONS

 

		12.1	Use
                                            of Company Infrastructure: You will use the Company’s technology infrastructure
                                            (including but not limited to computers, electronic devices, software, copying machines and
                                            email accounts) solely for purposes related to the purposes of performing your duties and
                                            reasonable personal use only.

 

		12.2	Company
                                            Policies: The Company has various policies and procedures (collectively “Policies”)
                                            that may be implemented and amended from time to time. You acknowledge that such Policies
                                            are and/or will also be terms and conditions of your contract of employment with the Company.
                                            You must familiarise yourself with these Policies and you agree to comply with them to the
                                            extent that they impose specific obligations on you. You acknowledge the Company’s
                                            right to make changes to the Policies, and to institute new policies and procedures, from
                                            time to time, and agree that such changes or additions will be binding from the time they
                                            are communicated.

 

		12.3	Compliance
                                            with Applicable Law: In addition to this Agreement and to any Policies, your contract
                                            of employment with the Company will also be in accordance with applicable law for the time
                                            being in force.

 

		12.4	Litigation
                                            and Regulatory Cooperation: You shall cooperate fully with the Company in the defence
                                            or prosecution of any claims or actions now in existence or which may be brought in the future
                                            against or on behalf of the Company which relate to events or occurrences that transpired
                                            while you were employed by the Company. Your full cooperation in connection with such claims
                                            or actions shall include, but not be limited to, being available to meet with counsel to
                                            prepare for discovery or trial and to act as a witness on behalf of the Company at mutually
                                            convenient times. You shall also cooperate fully with the Company in connection with any
                                            examination or review of any government authority as any such examination or review relates
                                            to events or occurrences that transpired while you were employed by the Company. If such
                                            cooperation is required after you cease to be employed by the Company, the Company shall
                                            pay you for such cooperation a consulting fee of United States Dollars Two Hundred (US$200.00)
                                            per hour, payable monthly in arrears, and will reimburse you for any reasonable pre-approved
                                            out-of-pocket expenses incurred in connection therewith. The Company shall not reimburse
                                            you the cost of independent legal counsel or the cost of other advisors you may elect to
                                            retain. This provision shall survive expiration or termination of this Agreement, regardless
                                            of the reason for termination of this Agreement.

 

		12.5	Complete
                                            Agreement: This Agreement, the Policies, and any subsequent written amendments or written
                                            agreements, constitute the whole and only agreement between the parties hereto. Neither party
                                            will have any claim against the other with respect to any agreement or understanding, whether
                                            written or oral, made prior to the date hereof.

 

		12.6	No
                                            Assignment: You may not make any assignment of this Agreement or any interest herein,
                                            by operation of law or otherwise, without the prior written consent of the Company, except
                                            that payments to be made to you pursuant to Clauses 15, 16 and 17 below may be assigned by
                                            you, in whole or in part, conditionally or irrevocably, without the consent of the Company
                                            to a charity of your choice. The Company shall be entitled to assign this Agreement without
                                            your consent to any Affiliates of the Company on written notice provided there is no material
                                            change to your terms of employment. This Agreement shall inure to the benefit of and be binding
                                            upon the Company and you, their respective successors, executors, administrators, heirs and
                                            permitted assigns.

 

    	 

    	 

    

		12.7	Enforceability:
                                            If any portion or provision of this Agreement shall to any extent be declared illegal
                                            or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement,
                                            or the application of such portion or provision in circumstances other than those as to which
                                            it is so declared illegal or unenforceable, shall not be affected thereby, and each portion
                                            and provision of this Agreement shall be valid and enforceable to the fullest extent permitted
                                            by law.

 

		12.8	Waiver:
                                            No waiver of any provision hereof shall be effective unless made in writing and signed
                                            by the waiving party. The failure of any party to require the performance of any term or
                                            obligation of this Agreement, or the waiver by any party of any breach of this Agreement,
                                            shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver
                                            of any subsequent breach.

 

		12.9	Amendment:
                                            This Agreement may be amended or modified only by a written instrument signed by you
                                            and by a duly authorized representative of the Company.

 

		12.10	Notices:
                                            Any notices, request, demands and other communications provided for by this Agreement
                                            shall be sufficient if in writing and delivered in person or sent by registered or certified
                                            mail, postage prepaid (in which case notice shall be deemed to have been given on the third
                                            day after mailing), or by overnight delivery by a reliable overnight courier service (in
                                            which case notice shall be deemed to have been given on the day after delivery to such courier
                                            service) to you at the last address you have filed in writing with the Company or, in the
                                            case of the Company, at its main offices, Attention: Board of Directors.

 

		12.11	Governing
                                            Law: It is the intention of the parties hereto that this Agreement and the performance
                                            hereunder be construed in accordance with, and under and pursuant to the laws of Singapore
                                            and that in any action or other proceeding that may be brought arising out of, in connection
                                            with, or by reason of this Agreement, the laws of Singapore shall be applicable without regard
                                            to the jurisdiction in which any action or other proceeding may be instituted.

 

		12.12	Dispute
                                            Resolution: Any dispute arising out of or in connection with this Agreement, including
                                            any question regarding its existence, validity or termination, shall be referred to and finally
                                            resolved by arbitration administered by the Singapore International Arbitration Centre in
                                            accordance with the Arbitration Rules of the Singapore International Arbitration Centre for
                                            the time being in force, which rules are deemed to be incorporated by reference in this Clause.
                                            The seat of the arbitration shall be Singapore. The Tribunal shall consist of one (1) arbitrator.
                                            The language of the arbitration shall be English.

 

		12.13	Acknowledgment
                                            and Consents: You hereby acknowledge, agree and consent as follows:

 

		(a)	all
                                            restrictions contained herein are reasonable and valid and are essential to the protection
                                            of the interests of the Company or of your interests (as the case may be) and the survival
                                            of the respective parties’ activities;

 

		(b)	in
                                            the event of a breach of any provision of this Agreement, the Company will suffer irreparable
                                            harm and monetary damages will not be sufficient to compensate for the breach. Accordingly,
                                            in the event of an anticipated breach, the Company may suffer irreparable harm and monetary
                                            will not be sufficient to compensate for the breach. Accordingly, in the event of a breach
                                            or anticipated breach, the Company may petition a court for preliminary and permanent equitable
                                            relief, including injunctive relief in order to prevent or put an end to any such breach
                                            and for an accounting of all profits and benefits arising out of such breach. Such rights
                                            and remedies shall be cumulative and in addition to any other relief, rights and remedies
                                            which the Company may have under the law, including but not limited to reasonable legal fees;

 

		(c)	nothing
                                            herein shall be construed so as to limit or restrict any remedy at law which the Company
                                            or you may have against the other party for any breach of this Agreement.

 

		12.14	Indemnity:
                                            You hereby agree to indemnify, hold harmless, and defend the Company and its officers, directors,
                                            partners, shareholders, executives, employees, and agents thereof, for and against any and
                                            all claims, actions, judgments, losses, obligations, liabilities, damages, costs and expenses,
                                            including attorneys’ fees, arising from, related to, or having as their basis, this
                                            Agreement; your breach of the terms
of this Agreement; the access to, or disclosure or use of, Confidential Information by you or your agents; and any other fraud, willful
or grossly negligent act or omission by you or your agents.

    	 

    	 

    

 

The
Company hereby agrees to indemnify, hold harmless, and defend you for and against any and all claims, actions, judgments, losses, obligations,
liabilities, damages, costs and expenses, including attorneys’ fees, arising from, related to, or having as their basis your performance
of the services required of you under the terms of this Agreement, with the exception that the Company shall not indemnify you for claims,
actions, judgments, losses, obligations, liabilities, damages, costs or expenses, against you, arising from, related to, or having as
their basis acts or omissions by you or your agent(s) involving fraud, gross incompetence, gross negligence, or willful misconduct.

 

		12.15	Employee
                                            Review: You acknowledge that you have reviewed the contents of this Agreement and fully
                                            understands its terms. You acknowledge that you are fully aware of your right to the advice
                                            of counsel, and that you understand the potentially adverse interest of the parties with
                                            respect to this Agreement. You further acknowledge that no representations have been made
                                            with respect to income or other tax or other consequences of this Agreement to you and that
                                            you have been advised of the importance of seeking independent advice of counsel with respect
                                            to such consequences.

 

 

		13.	AUTHORISATION
                                            TO WORK IN SINGAPORE AND WARRANTIES

 

		13.1	Where
                                            applicable, it is a condition of your employment under this Agreement that you have or continue
                                            to have, as the case may be, the necessary status that permits you to lawfully live and work
                                            in Singapore. Your employment will not commence unless and until you have such status.

 

		13.2	Where
                                            applicable, it is your obligation to obtain or maintain, as the case may be, the entitlement
                                            to live and work in Singapore. However, the Company as a matter of goodwill and in its sole
                                            discretion may assist you in meeting your obligation. Should you lose your lawful entitlement
                                            to live and work in Singapore, this Agreement will terminate with immediate and automatic
                                            effect, with no compensation to you.

 

		13.3	You
                                            warrant that all information provided by you to the Company regarding your experience and
                                            qualifications is accurate and truthful, and that you will provide full and frank disclosure,
                                            including the submission of documentary evidence upon request. You also warrant that you
                                            are competent, qualified and experienced to undertake the position as specified in this Agreement.

 

		14.	OPTIONS

 

		14.1	You
                                            will continue to be eligible for the grant of options to purchase shares of the Company and/or
                                            its Affiliates from time to time, such grant of options as may be approved by the Board of
                                            Directors. Payment of the option purchase price will remain your responsibility.

 

		14.2	Unless
                                            specified otherwise at the time of any option granted, the options will expire five (5) years
                                            after the effective date of such grant. The Company agrees that if the outstanding ordinary
                                            shares of the Company are increased, decreased, changed into or exchanged for a different
                                            number or kind of shares or securities of the Company through reorganisation, recapitalization,
                                            reclassification, stock dividend, stock split, amendment to the Company’s organisational
                                            documents or reverse stock split, an appropriate adjustment will be made in the number and/or
                                            kind of securities allocated to any options granted, without change in the aggregate purchase
                                            price applicable to the unexercised portion of the options, but with a corresponding adjustment
                                            in the price for each share or other security then covered by the options. This Clause 14
                                            will not apply to any sale of shares for value by the Company or to any other transaction
                                            in which the Company received new consideration. In case of any disagreement as to any adjustment
                                            to be made, the decision of the auditors of the Company shall be binding on both parties.

 

		14.3	In
                                            the event this Agreement is terminated by the Company pursuant to Clause 6.3, or voluntarily
                                            by you, all vested and unexercised options will remain exercisable by you at any time prior
                                            to expiration of the option term. Any unvested options as of the effective date of such termination
                                            will be cancelled.

 

    	 

    	 

    

		14.4	In
                                            the event that this Agreement is terminated by the Company pursuant to Clause 6.1 or as a
                                            result of a Constructive Termination (as defined below), all of the remaining unvested options
                                            will become immediately vested and exercisable. You may exercise any remaining options at
                                            any time prior to expiration of the option term.

 

For
the purposes of this Agreement, “Constructive Termination” shall mean:

 

		(a)	Any
                                            material change or re-assignment of your functions, duties, responsibilities or title by
                                            the Company which would result in your position with the Company having less dignity, responsibility,
                                            importance or scope than the position described in this Agreement;

		(b)	Any
                                            breach or default by the Company or of the terms of this Agreement, which breach or default
                                            is not ceased or cured within thirty (30) days or written notice from you specifying such
                                            breach; or 

		(c)	The
                                            failure of the Company to pay you as and when due the compensation required by the terms
                                            of this Agreement.

 

		14.5	In
                                            the event of your death or disability all the remaining unvested options will become immediately
                                            vested and exercisable. Your executor or other personal representative may exercise any remaining
                                            options at any time prior to expiration of the option term.

 

		14.6	In
                                            the event of any conflict between Clauses 14.2 to 14.5 and the terms of any document by the
                                            Company from time to time in connection with the grant of any options to purchase shares
                                            (such document not being connected with this Agreement) (“Grant of Options”),
                                            the terms of the Grant of Options shall prevail.

 

 

		15.	SEVERANCE
                                            BENEFITS

 

		15.1	In
                                            the event this Agreement is terminated by the Company except in accordance with Clause 6.3
                                            or as a result of a Constructive Termination by the Company, you will be entitled to severance
                                            benefits consisting of a lump sum payment equal to twenty-four (24) month’s salary
                                            (which you may be entitled to at the date of any such Constructive Termination) and a continuation
                                            of the other benefits as set out in this Agreement for a period of twenty-four (24) months
                                            from the effective date of termination. 

 

		15.2	Within
                                            five (5) days of any termination of you by the Company for any reason, the Company and/or
                                            its Affiliates will repay all loans, operating lines of credit, promissory notes, accounts
                                            payable, salary payable and other debt facilities, plus accrued interest owed to you, your
                                            spouse and your other family members, unless you waive the requirement in the form of written
                                            notice delivered to the Board of Directors of the Company and/or its Affiliates.

 

 

		16.	INCENTIVE
                                            COMPENSATION

 

		16.1	The
                                            Company agrees to pay you a perpetual commission of one per cent (1.0%) of net sales (defined
                                            as gross sales revenues less discounts) based on the sales of ALRT Products (defined below),
                                            whether occurring during or after the term of this Agreement, sold by the Company or any
                                            entity deriving its rights, directly or indirectly, to offer or sell such products or services
                                            from the Company. The said commission shall be paid by the Company even if you are no longer
                                            an insider, director, officer, employee or consultant of the Company. You may assign the
                                            said commission from time to time to any party at your sole discretion. Any assignee of the
                                            said commission shall also have the right to further assign the same from time to time at
                                            its sole discretion.

 

		16.2	For
                                            the purposes hereof “ALRT Products” means any and all products and services
                                            of the nature or kind for which the Company or any of its subsidiaries receive revenues derived,
                                            directly or indirectly, from
such products or services, including without limitation GluCurve Pet CGM and the Diabetes Solution.

    	 

    	 

    

 

		17.	INTENTIONALLY
                                            BLANK

 

		18.	RESTRICTION
                                            AGAINST ALIENATION

 

The
Company agrees that without your consent it will not sell or otherwise dispose of or alienate all or substantially all of its assets
to a third party or undertake any transaction that results in an entity other than the Company and/or its Affiliates owning all or substantially
all the Company’s assets (such third party or other entity being herein referred to as the “Acquiree”) unless
the Acquiree provides assurances satisfactory to you that it will be bound by the provisions of Clause 17 above.

 

		19.	ACCEPTANCE
                                            OF OFFER

 

We
look forward to you accepting this offer and hope we will achieve a mutually rewarding employment relationship.

 

 

    	 

    	 

    

 

Schedule
A

 

	Date
                                            of commencement:

     
	1
                                            July 2022 or the next business day upon receiving approval from the relevant authorities
                                            to commence employment in Singapore, whichever is later

     

	Job
    designation:	Chief
                                            Executive Officer

     

	You
                                            will report to:

     
	The
    Board of Directors of the Company 
	Salary:
    	US$240,000
                                            per annum paid in equal monthly instalments in the amount of US$20,000 commencing on the
                                            Commencement Date.

     

	Bonus:	To
                                            be determined by the Company at its sole and complete discretion.

     

	Allowance
                                            for travel, communications and entertainment:

     
	The
                                            Company will be responsible for all of your reasonable expenses incurred in the course of
                                            performing services for the Company as contemplated by this Agreement and approved by the
                                            Board of Directors. You agree to provide reasonable documentation with respect to any expenses
                                            for which reimbursement is claimed.

     

	Transport
                                            / vehicle allowance:

     
	You
                                            shall be entitled to a monthly transport / vehicle allowance of US$800.

     

	Club
                                            memberships:

     
	You
                                            shall be entitled to be reimbursed for club memberships of your choice.

     

	Benefits:	The
                                            Company will inform you in writing other benefits that you may be entitled to. Any such benefits
                                            may be varied and/or withdrawn by the Company at any time by giving written notice.

     

	Medical
                                            leave:

     
	Your
    medical leave entitlement is as provided in the table below. The total amount of paid outpatient and hospitalisation leave you may
    take is capped at your hospitalisation leave entitlement.   Length of service Paid medical leave Paid hospitalisation leave
    (inclusive of medical leave)   At least 3 months but less than 4 months   5 days 15 days At least 4 months but less than
    5 months   8 days 30 days At least 5 months but less than 6 months   11 days 45 days At least 6 months 14 days 60 days
     
	Health
    insurance:	You
                                            shall be entitled to supplemental health insurance for yourself and any dependents.

     

    	 

    	 

    

 

	Annual
    leave:	Your
                                            annual leave entitlement is thirty-five (35) days. Any unused leave entitlement shall be
                                            forfeited if it is not used within the calendar year in which it accrues. The Company may
                                            at its sole and complete discretion allow you to utilise unused leave entitlement in the
                                            succeeding calendar year.

     

	Maternity
                                            / adoption / paternity / shared parental leave:

     
	Where
                                            applicable, your maternity / adoption / paternity / shared parental leave entitlement shall
                                            be as provided by applicable law.

     

	Childcare
    leave	Where
                                            applicable, your childcare leave entitlement and your extended childcare leave entitlement
                                            shall be as provided by applicable law.

     

	Unpaid
    infant care	Where
                                            applicable, your unpaid infant care leave entitlement shall be as provided by applicable
                                            law.

     

	Entitlement
                                            for work on public holiday:

     
	You
                                            will be entitled to one (1) day off in lieu to be taken at a mutually convenient time, subject
                                            to the prior approval of the Company.

     

	Paid
                                            days for approved community initiatives and corporate social responsibility initiatives

     
	You
    will be entitled to ten (10) days per year for community and corporate social responsibility initiatives in Singapore. 
	Notice
                                            period for

    termination:

     
	Three
                                            (3) months subject to the conditions of this Agreement.

     

	Place
                                            of work

     
	Initially
                                            at residence. Subsequently at leased facilities once the Company enters into a lease agreement
                                            which is expected to occur effective June 2021. Once the premises are leased the place of
                                            work will be a combination of home residence based and at the Company premises.

     

 

    	 

    	 

    

 

SCHEDULE
B

Scope
of duties

 

Your
duties as Chief Executive Officer of the Company will be as agreed between you and the Board of Directors of the Company from time to
time.

 

 

    	 

    	 

    

 

SCHEDULE
C

IP
Rights owned by Chan Sidney Soong-Ling

 

 

 

    	 

    	 

    

 

To
indicate your acceptance of the offer contained in this letter and all its terms and conditions, please sign and return a duplicate of
this letter to us.

 

 

Yours
sincerely

 

 

/s/
Benjamin Szeto 

 

 

Mr.
Ben Szeto, Company Secretary

For
and on behalf of

ALR
Technologies SG Pte. Ltd.

______________________________________________________________________________________

 

I
have read and fully understood the terms and conditions stated above. I hereby confirm my acceptance of this letter and all its terms
and conditions. I will commence work on the date of commencement as set out in Schedule A.

________________

 

 

Name:
Chan Sidney Soong-Ling Signature: /s/ Chan Sidney Soong-Ling

 

 

NRIC
/ Passport No.: GK921360Date: August 4, 2022exhibit6_psu

      RESTRICTED SHARE UNIT AWARD AGREEMENT  UNDER THE AMENDED AND RESTATED NEW FORTRESS ENERGY INC.  2019 OMNIBUS INCENTIVE PLAN  This Restricted Share Unit Award Agreement (this “Agreement”), effective as of  the date set forth on Schedule A hereto (the “Grant Date”), is made by and between New Fortress  Energy Inc., a Delaware corporation (together with any of its successors or assigns, the  “Company”), and the participant identified on Schedule A hereto (the “Participant”).  Any  capitalized term that is used but not otherwise defined in this Agreement shall have the meaning  assigned to such term in the Amended and Restated New Fortress Energy Inc. 2019 Omnibus  Incentive Plan (the “Plan”).       WHEREAS, the Company has adopted the Plan, pursuant to which the Company  may grant equity awards relating to Class A shares of common stock the Company (the  “Shares”) to certain individuals, including the Participant; and  WHEREAS, the Company has determined that it is in the best interests of the  Company and its shareholders to make a grant of Restricted Share Units relating to Shares (the  “Award Shares”) to the Participant, subject to all of the terms and conditions of the Plan and this  Agreement.  NOW THEREFORE, in consideration of the mutual covenants hereinafter set  forth, the parties agree as follows:  1. Grant of Award Shares.    (a) Subject to the terms and conditions hereof, the Company hereby awards to  the Participant the potential number of Award Shares set forth on Schedule A hereto, and the  Participant hereby accepts the award of such potential number of Award Shares from the  Company.     (b) Each Award Share that becomes vested hereunder represents the right to  receive one Share on the applicable settlement date set forth in Section 3(b) hereof.    2. Restrictions; Forfeiture.  The Award Shares are restricted in that they may  not be sold, transferred or otherwise alienated or hypothecated except as provided in Section 18  of the Plan until these restrictions are removed or expire and Shares are issued to the Participant  as described in Section 3 hereof.  The Award Shares are also restricted in the sense that they may  be forfeited to the Company (the “Forfeiture Restrictions”).    3. Vesting and Settlement of Award Shares.      (a) Standard Vesting.  The Award Shares shall vest and the Forfeiture  Restrictions shall lapse on the date and in the amounts set forth on Schedule A hereto (such date,  the “Vesting Date”), provided that (i) the applicable Performance Goal is achieved in accordance  with the terms and conditions set forth on Schedule A hereto and (ii) the Participant is actively  employed by, or serving in a capacity that is substantially similar to that of an employee of the  

 

    2    Company or any of its Affiliates (such employment or service, “Service”) as of the Vesting Date  and has not given or received notice of the termination of such Service as of the Vesting Date.  Notwithstanding the foregoing, the Participant’s Service shall not be considered to be terminated  or otherwise interrupted in the case of (A) any approved leave of absence (including sick leave,  military leave, or any other authorized personal leave) or (B) any transfer among the Company or  any of its respective Affiliates (collectively “NFE”), or any successor, in the capacity of  employee.  For the avoidance of doubt, if such Participant’s Service is terminated for any reason  on a date that is prior to the Vesting Date, then the Participant will not be entitled to vest in any  portion of the Award Shares, such unvested Award Shares shall be forfeited and no Shares shall  be delivered pursuant to Section 3(b) hereof.  (b) Settlement of Award Shares.  The restrictions on the Award Shares,  including the Forfeiture Restrictions, will expire, and the Shares underlying the Award Shares  that vest in accordance with this Section 3 hereof shall be delivered to the Participant as soon as  practicable following the date on which they vest in accordance with Section 3(a) hereof, but in  no event later than March 15 of the year following the year in which such vesting occurs.  (c) Rights as a Holder of Shares.  Award Shares shall not have any voting  rights or any other rights as a shareholder of the Company prior to the date Shares are issued in  settlement of Award Shares and no distributions or dividends (or equivalent or related payments)  shall be made or accrue in respect of any Award Shares prior to the date on which Shares are  delivered.    4. Protective Covenants.  (a) The Participant acknowledges and agrees that the Participant is subject to  and bound by the protective covenants set forth in each of the Participant’s offer letter from NFE  and the confidentiality and proprietary rights agreement between the Participant and NFE  (together, the “Protective Covenants”) and that the Protective Covenants are incorporated herein  by reference.  The Participant further acknowledges and agrees that (i) as part of the Participant’s  Service with NFE, the Participant will have access to secret and confidential information,  knowledge or data relating to NFE and its business, and will meet and develop relationships with  potential and existing suppliers, financing sources, clients, customers and employees of NFE, (ii)  the foregoing makes it necessary for the protection of NFE’s goodwill that the Participant  comply with the Protective Covenants and this Section 4, (iii) the Award Shares would not have  been granted to the Participant if the Participant had not agreed to comply with the Protective  Covenants and this Section 4 and (iv) the restrictions set forth in the Protective Covenants and  this Section 4 are reasonable.    (b) Non-Disparagement. The Participant agrees that during the  period of the Participant’s Service with NFE and thereafter, the Participant shall not make any  disparaging or defamatory comments regarding NFE or, after the termination of the Participant’s  Service with NFE, make any disparaging or defamatory comments concerning any aspect of such  termination from Service.  The obligations of the Participant under this Section 4(b) shall not  apply to disclosures required by applicable law, regulation or order of any court or governmental  agency.    

 

    3    (c) Remedies.  In addition to any other remedies set forth in this  Agreement, in the event the Company determines, in its sole discretion, that the Participant has  violated the Participant’s obligations under this Section 4, at any time during the Participant’s  Service with NFE, or within one (1) year immediately following termination of such Service for  any reason, the Company shall be entitled to: (i) preliminary and permanent injunctive relief,  without the necessity of proving actual damages or posting of a bond, (ii) damages, (iii)  attorneys’ fees and costs incurred in obtaining relief and (iv) any other legal or equitable relief or  remedy allowed by law.  (d) Modification; Severability.  If any court of competent jurisdiction  finds any provision of this Agreement, and particularly the covenants set forth in this Section 4,  or portion thereof, to not be fully enforceable, it is the intention and desire of the parties that the  provision be fully enforced to the extent the court finds them enforceable and, if necessary, that  the court modify any provisions of this Agreement to the extent deemed necessary by the court to  render them reasonable and enforceable and that the court enforce them to such extent.  To the  extent that such provisions cannot be modified, it is the intention of the parties that the  provisions be severable and that the invalidity of any one or more provisions of this Agreement  shall not affect the legality, validity and enforceability of the remaining provisions of this  Agreement.  (e) Acknowledgment. Pursuant to Section 7 of the Defend Trade  Secrets Act of 2016 (which added 18 U.S.C. § 1833(b)), the Participant acknowledges that the  Participant shall not have criminal or civil liability under any federal or state trade secret law for  the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local  government official, either directly or indirectly, or to an attorney and (ii) solely for the purpose  of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other  document filed in a lawsuit or other proceeding, if such filing is made under seal.  Nothing in this  Agreement, or any other Agreement that the Participant has with the Company, is intended to  conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are  expressly allowed by such Section.  Notwithstanding anything in this Agreement, or any other  Agreement that the Participant has with the Company, to the contrary, the provisions of this  Section 4 do not prohibit the Participant from voluntarily and lawfully initiating communications  with, cooperating with, providing information to, or reporting violations of federal or state law or  regulation to any governmental agency or from making other disclosures that are protected under  the whistleblower provisions of federal or state law or regulation, nor do the confidentiality  obligations require the Participant to notify the Company regarding any such reporting,  disclosure or cooperation with the government.     5. Compliance with Securities Laws.  Notwithstanding any provision of this  Agreement to the contrary, the issuance of Shares will be subject to compliance with all  applicable requirements of federal, state, or foreign law with respect to such securities and with  the requirements of any stock exchange or market system upon which the Shares may then be  listed.  No Shares will be issued hereunder if such issuance would constitute a violation of any  applicable federal, state, or foreign securities laws or other law or regulations or the requirements  of any stock exchange or market system upon which the Shares may then be listed.  In addition,  Shares will not be issued hereunder unless (a) a registration statement under the Securities Act is,  at the time of issuance, in effect with respect to the Shares or (b) in the opinion of legal counsel  

 

    4    to the Company, the Shares issued may be issued in accordance with the terms of an applicable  exemption from the registration requirements of the Securities Act.  THE PARTICIPANT IS  CAUTIONED THAT ISSUANCE OF SHARES UPON THE VESTING OF RESTRICTED  SHARE UNITS GRANTED PURSUANT TO THIS AGREEMENT MAY NOT OCCUR  UNLESS THE FOREGOING CONDITIONS ARE SATISFIED.  The inability of the Company  to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the  Company’s legal counsel to be necessary to the lawful issuance and sale of any Shares subject to  the Award will relieve the Company of any liability in respect of the failure to issue such Shares  as to which such requisite authority has not been obtained.  As a condition to any issuance  hereunder, the Company may require the Participant to satisfy any qualifications that may be  necessary or appropriate to evidence compliance with any applicable law or regulation and to  make any representation or warranty with respect to such compliance as may be requested by the  Company.  6. No Right to Continued Service.  The granting of the Award evidenced  hereby and this Agreement shall impose no obligation on NFE to continue the Service of the  Participant and shall not lessen or affect the right of NFE to terminate the Service of the  Participant.  7. Notices.  Any notice hereunder by the Participant shall be given to the  Company in writing and such notice shall be deemed duly given only upon receipt thereof by the  Secretary of the Company sent by registered or certified mail or email with written confirmation  of receipt requested.  Any notice hereunder by the Company shall be given to the Participant in  writing and such notice shall be deemed duly given only upon receipt thereof at such address or  email address as the Participant may have on file with the Company sent by registered or  certified mail or email with written confirmation of receipt requested.  8. Arbitration.  (a) The parties agree to resolve any controversy, dispute or claim  arising out of or relating to this Agreement (each, a “Dispute”) through good faith confidential  negotiation. To the extent any Dispute cannot be resolved by good faith confidential negotiation,  the Dispute shall be submitted to and decided by final binding arbitration.  The arbitration shall  be administered by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) or a successor  organization, located in New York, New York by a single arbitrator pursuant to its Employment  Arbitration Rules & Procedures then in effect at the time the arbitration is commenced, except as  modified by this Agreement.  Except as otherwise authorized by applicable law, all awards of the  arbitrator shall be binding and non-appealable. The arbitrator’s final award shall be made in  writing and delivered to the parties within thirty (30) calendar days following the close of the  hearing and shall provide a reasoned basis for the resolution of any Dispute and any relief  provided.  Judgment upon the award of the arbitrator may be entered in any court of competent  jurisdiction.  The arbitrator may grant injunctions or other relief.  By entering into this  Agreement, the parties are waiving all rights to have their Disputes heard or decided by a jury or  in a court trial.  Notwithstanding anything else set forth herein, neither party shall be precluded  from applying to a proper court for injunctive relief by reason of the prior or subsequent  commencement of an arbitration proceeding as provided pursuant to this Section.  The parties  waive the right to (i) join or consolidate claims by other individuals or entities against the other  

 

    5    party (including, but not limited to, by becoming a member of a class in a class action) or (ii)  bring, maintain, participate in, receive money from, or arbitrate any claim as part of a class,  representative, multi-plaintiff, or collective action.  If, despite the parties’ express intent to  proceed only in individual arbitration, a court nonetheless orders that a class, representative,  multi-plaintiff, or collective action should proceed, it may proceed only in court.  Any issue  concerning the validity or enforceability of this waiver must be decided only by a court and an  arbitrator shall have no authority to determine the validity or enforceability of this waiver.  The  parties agree that this Section 8 shall be governed by the Federal Arbitration Act, and that the  arbitrator shall apply the laws of the State of New York to the merits of any Dispute, without  regard to the conflicts of laws provisions thereof.  (b) All legal fees and expenses incurred by the prevailing party in  connection with any arbitration pursuant to this Section shall be borne by the non-prevailing  party.  Payment of such legal fees and expenses shall be made by the non-prevailing party within  thirty (30) calendar days after delivery of the prevailing party’s written request for such payment.  9. Governing Law; Submission to Jurisdiction.  This Agreement shall be  governed by and construed in accordance with the laws of the State of New York, without regard  to the conflicts of laws provisions thereof.  Except as otherwise provided in Section 8 hereof, the  parties agree that exclusive jurisdiction shall be in a court of competent jurisdiction in New  York, New York and waive objection to the jurisdiction or to the laying of venue in any such  court.   10. Specific Performance.  The Participant acknowledges and agrees that  NFE’s remedies at law for a breach or threatened breach of the provisions of the Protective  Covenants and this Section 4 would be inadequate and NFE would suffer irreparable damages as  a result of such breach or threatened beach.  In recognition of this fact, the Participant agrees  that, in the event of such a breach or threatened breach, in addition to any remedies at law, NFE,  without posting any bond or needing to prove the inadequacy of monetary damages, shall be  entitled to cease making any payments or providing any benefit otherwise required by this  Agreement and obtain equitable relief in the form of specific performance, temporary restraining  order, temporary or permanent injunction or any other equitable remedy which may then be  available.  11. Tax Withholding.  The Participant may be required, as a condition to the  delivery of any Shares relating to the Award Shares, to pay to NFE, in cash, the amount of any  applicable withholding taxes in respect thereof.  NFE shall be entitled to take such other action  as the Board or any committee thereof deems necessary or appropriate to satisfy all obligations  for the payment of such withholding taxes, including, solely in the Board’s or the applicable  committee’s discretion, the withholding of Shares with a maximum aggregate Fair Market Value  equal to such amount of taxes required to be withheld, determined based on the greatest  withholding rates for federal, state, foreign and/or local tax purposes, including payroll taxes,  that may be utilized without creating adverse accounting treatment with respect to the Award  Shares granted hereunder, as determined by NFE.  12. Award Subject to this Agreement and the Plan.  By entering into this  Agreement the Participant agrees and acknowledges that the Participant has received and read  

 

    6    this Agreement and a copy of the Plan.  The Award is subject to the Plan, as may be amended  from time to time, and the terms and provisions of the Plan are hereby incorporated herein by  reference.  The Participant agrees to be bound by the terms and provisions of the Plan.    13. Waivers and Amendments.  The respective rights and obligations of the  Company and the Participant under this Agreement may be waived (either generally or in a  particular instance, either retroactively or prospectively, and either for a specified period of time  or indefinitely) by the party or parties entitled to the benefit thereof pursuant to a written waiver  executed by such party or parties.  This Agreement may be amended only with the written  consent of the Participant and a duly authorized representative of the Company.  14. Certificates.  All certificates, if any, evidencing Shares or other securities  of the Company delivered under this Agreement shall be subject to such stop transfer orders and  other restrictions as the Company may deem advisable under this Agreement or the rules,  regulations, and other requirements of the Securities and Exchange Commission, any stock  exchange upon which such securities are then listed, and any applicable Federal or state laws,  and the Company may cause a legend or legends to be put on any such certificates to make  appropriate reference to such restrictions.  15. Severability.  If any provision of this Agreement is or becomes or is  deemed to be invalid, illegal, or unenforceable in any jurisdiction, or would disqualify this  Agreement under any law deemed applicable by the Company, such provision shall be construed  or deemed amended to conform to such applicable laws, or if it cannot be construed or deemed  amended without, in the determination of the Company, materially altering the intent of this  Agreement or the Award, such provision shall be stricken as to such jurisdiction and the  remainder of this Agreement and any such Award shall remain in full force and effect.  16. Successors and Assigns.  Except as otherwise expressly provided herein,  the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns,  heirs, executors and administrators of the parties hereto.    17. Signature in Counterparts.  This Agreement may be signed in counterparts,  each of which shall be an original, with the same effect as if the signatures thereto and hereto  were upon the same instrument.   18. Headings.  The titles and headings of the various sections of this  Agreement have been inserted for convenience of reference only and shall not be deemed to be a  part of this Agreement.  19. Further Assurances.  Each party hereto shall do and perform (or shall  cause to be done and performed) all such further acts and shall execute and deliver all such other  agreements, certificates, instruments and documents as either party hereto reasonably may  request in order to carry out the intent and accomplish the purposes of this Agreement and the  consummation of the transactions contemplated thereunder.  20. Section 409A.  The intent of the parties is that payments and benefits  under this Agreement comply with Section 409A of the Code, to the extent subject thereto, and  accordingly, to the maximum extent permitted, this Agreement shall be interpreted and  

 

    7    administered to be in compliance therewith.  Notwithstanding anything contained herein to the  contrary, the Participant shall not be considered to have terminated from Service with NFE for  purposes of any payments under this Agreement (including the delivery of Shares) which are  subject to Section 409A of the Code until the Participant has incurred a “separation from  service” within the meaning of Section 409A of the Code.  Each amount to be paid or benefit to  be provided under this Agreement shall be construed as a separate identified payment for  purposes of Section 409A of the Code.  Without limiting the foregoing and notwithstanding  anything contained herein to the contrary, to the extent required in order to avoid accelerated  taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise be  payable and benefits that would otherwise be provided pursuant to this Agreement (including  delivery of Shares) or any other amounts payable under any plan, program or arrangement of  NFE during the six (6) month period immediately following the Participant’s separation from  service shall instead be paid on the first business day after the date that is six (6) months  following the Participant’s separation from service (or, if earlier, the Participant’s date of death).   NFE makes no representation that any or all of the payments described in this Agreement will be  exempt from or comply with Section 409A of the Code and makes no undertaking to preclude  Section 409A of the Code from applying to any such payments.  21. Consent to Electronic Delivery; Electronic Signature. In lieu of receiving  documents in paper format, the Participant agrees, to the fullest extent permitted by law, to  accept electronic delivery of any documents that the Company may be required to deliver  (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications  and agreements, account statements, annual and quarterly reports and all other forms of  communications) in connection with this and any other award made or offered by the Company.  Electronic delivery may be via a Company electronic mail system or by reference to a location  on a Company intranet to which the Participant has access. The Participant hereby consents to  any and all procedures the Company has established or may establish for an electronic signature  system for delivery and acceptance of any such documents that the Company may be required to  deliver, and agrees that his or her electronic signature is the same as, and shall have the same  force and effect as, his or her manual signature.  22. Clawback. Notwithstanding any other provisions in this Agreement or the  Plan, this Award is subject to recovery under any law, government regulation, stock exchange  listing requirement or pursuant to any policy adopted by the Company, as approved by the  Board, and will be subject to such deductions and clawback as may be required to be made  pursuant to such law, government regulation, stock exchange listing requirement or policy  adopted by the Company.    * * *  

 

    8    SCHEDULE A  AMENDED AND RESTATED  NEW FORTRESS ENERGY INC.  2019 OMNIBUS INCENTIVE PLAN  AWARD SHARE ACCEPTANCE FORM    Subject to the terms and conditions of the Amended and Restated New Fortress Energy  Inc. 2019 Omnibus Incentive Plan (the “Plan”), the Restricted Share Unit Award Agreement (the  “Agreement”) and this Award Share Acceptance Form (this “Acceptance Form”), the Company  hereby awards to the Participant set forth below the potential number of Award Shares set forth  below, which shall vest in full on the Vesting Date set forth below, subject to (i) the applicable  level of achievement of the Performance Goal set forth below and (ii) the Participant’s continued  Service with NFE through (and not having given or received notice of the termination of such  Service as of) the Vesting Date.     Participant:   Grant Date:   Initial Number of Award Shares:   Vesting Date:   Performance Goal:   Number of Award Shares Upon Vesting: See Table Below    The actual number of Award Shares that are eligible to vest in accordance with the terms  and conditions of the Plan, the Agreement and this Acceptance Form (subject to the continued  Service requirement set forth above) shall be equal to the product obtained by multiplying (x) the  initial number of Award Shares set forth above by (y) the applicable multiple set forth in the  following table that corresponds to the performance tier achieved with respect to the FY[  ]  [Performance Metric].  For the avoidance of doubt, if tier 1 performance is not achieved with  respect to the FY[  ] [Performance Metric], then the Award Shares shall not vest and shall be  forfeited in their entirety without any delivery of Shares or other payment to the Participant.    Tiers FY[    ] [Performance Metric]    Applicable  Multiple  Number of  Award Shares  Upon Vesting  1     2     3     4     The final determination of FY[  ] [Performance Metric] will be made by the Plan’s  administrator in its sole and absolute discretion.      The Plan’s administrator shall have the power and authority to make all determinations that  it determines to be necessary or appropriate in its sole discretion with respect to the Agreement  and this Acceptance Form, including (i) all determinations concerning the level of achievement of  

 

    9    the FY[  ] [Performance Metric] and (ii) any adjustments to the meaning of FY[  ] [Performance  Metric].  All determinations made by the Administrator are final.    By executing this Acceptance Form, you hereby agree to accept the number of Award  Shares set forth above and agree to be bound by the terms, conditions and provisions set forth in  the Plan, the Agreement and this Acceptance Form.     ACCEPTED AND AGREED TO AS OF THE GRANT DATE:    PARTICIPANT       [NAME]      NEW FORTRESS ENERGY INC.    By:     Name:  Title:

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