Document:

MANDALAY DIGITAL GROUP, INC.

AMENDED AND RESTATED 2011 EQUITY INCENTIVE
PLAN

 

NOTICE OF GRANT 

AND 

RESTRICTED
STOCK AGREEMENT

 

You have been granted the number of shares
of Restricted Common Stock of Mandalay Digital Group, Inc. (the “Company”), as set forth below (“Common Shares”),
subject to the terms and conditions of the Mandalay Digital Group, Inc. Amended and Restated 2011 Equity Incentive Plan (“Plan”),
and this Notice of Grant and Restricted Stock Agreement including the attachments hereto (collectively, “Notice and Agreement”).
Unless otherwise defined in the Notice and Agreement, terms with initial capital letters shall have the meanings set forth in the
Plan.

 

	
        Participant:

         
	 
	Home Address:	 
	 	 
	
        Soc. Sec. No:

         
	 
	Number of shares of Restricted Common Stock Granted:	 
	 	 
	Grant Date:	 
	 	 
	Period of Restriction and Release of Common Shares from Company’s Return Right (see Sections 2 and 3 of attached Agreement)	[Insert vesting schedule]
	 	 

 

By signing below, you accept this grant
of Common Shares and you hereby represent that you: (i) agree to the terms and conditions of this Notice and Agreement and the
Plan; (ii) have reviewed the Plan and the Notice and Agreement in their entirety, and have had an opportunity to obtain the advice
of legal counsel and/or your tax advisor with respect thereto; (iii) fully understand and accept all provisions hereof; (iv) agree
to accept as binding, conclusive, and final all of the Administrator’s decisions regarding, and all interpretations of, the
Plan and the Notice and Agreement; and (v) agree to notify the Company upon any change in your home address indicated above.

 

	
        AGREED AND ACCEPTED:

         

	
         

        Signature:
	 
	
         

        Print Name:
	 

 

    	-1-

    	 

    

MANDALAY DIGITAL GROUP, INC.

AMENDED AND RESTATED 2011 EQUITY INCENTIVE
PLAN

 

RESTRICTED STOCK AGREEMENT

 

1.Grant of Restricted Stock.
The Company has granted to you the number of shares of Restricted Common Stock specified in the Notice of Grant on the preceding
page (“Notice of Grant”), subject to the following terms and conditions. In consideration of such grant, you
agree to be bound by the terms and conditions hereof, and by the terms and conditions of the Plan.

 

2. Period of Restriction. During
the Period of Restriction specified in the Notice of Grant, the Common Shares shall remain subject to the Company’s Return
Right (defined in Section 3). The Period of Restriction shall expire and the Company’s Return Right shall lapse as to the
Common Shares granted in the amount(s) and on the date(s) specified in the Notice of Grant (each, a “Release Date”);
provided, however, that no Common Shares shall be released on any Release Date if the Participant has ceased Continuous Status
as an Employee, Consultant or Director on or prior to such date. Any and all Common Shares subject to the Company’s Return
Right at any time shall be defined in this Notice and Agreement as “Unreleased Common Shares.” 

 

3.Return of Restricted
Stock to Company. If Participant ceases Continuous Status as an Employee, Consultant or Director for any reason (a “Return
Event”), the Company shall become the legal and beneficial owner of the Unreleased Common Shares and all rights and interests
therein or relating thereto, and the Company shall have the right to retain and transfer such Unreleased Common Shares to its own
name. The Participant shall continue to own any Common Shares subject to the terms of the Plan and this Notice and Agreement with
respect to which the Participant has Continuous Status as an Employee, Consultant or Director through the Release Date(s) specified
in the Notice of Grant for such Common Shares.

 

4.Restriction on Transfer. Except
for the transfer of the Common Shares to the Company or its assignees contemplated by this Notice and Agreement, none of the Common
Shares or any beneficial interest therein shall be transferred, encumbered or otherwise disposed of in any way until the Release
Date for such Common Shares set forth in this Notice and Agreement. In addition, as a condition to any
transfer of the Common Shares after such Release Date, the Company may, in its discretion, require: (i) that the Common Shares
shall have been duly listed upon any national securities exchange or automated quotation system on which the Company's Common Stock
may then be listed or quoted; (ii) that either (a) a registration statement under the Securities Act of 1933, as amended (“Securities
Act”) with respect to the Common Shares shall be effective, or (b) in the opinion of counsel for the Company, the proposed
purchase shall be exempt from registration under the Securities Act and the Participant shall have entered into agreements with
the Company as reasonably required; and (iii) fulfillment of any other requirements deemed necessary by counsel for the Company
to comply with Applicable Law.

 

5.Retention of Common Shares.
To ensure the availability for delivery of the Participant's Unreleased Common Shares upon their return to the Company pursuant
to this Notice and Agreement, the Company shall retain possession of the share certificates representing the Unreleased Common
Shares, together with a stock assignment duly endorsed in blank, attached hereto as Exhibit A. The Company shall hold the
Unreleased Common Shares and related stock assignment until the Release Date for such Common Shares. In addition, the Company may
require the spouse of Participant, if any, to execute and deliver to the Company the Consent of Spouse in the form attached hereto
as Exhibit B. When a Return Event or Release Date occurs, the Company shall promptly deliver the certificate for the applicable
Common Shares to the Company or to the Participant, as the case may be.

 

    	-2-

    	 

    

6.Stockholder Rights. Subject
to the terms hereof, the Participant shall have all the rights of a stockholder with respect to the Common Shares while they are
retained by the Company pursuant to Section 5, including without limitation, the right to vote the Common Shares and to receive
any cash dividends declared thereon. If, from time to time prior to the Release Date, there is (i) any stock dividend, stock split
or other change in the Common Shares, or (ii) any merger or sale of all or substantially all of the assets or other acquisition
of the Company, any and all new, substituted or additional securities to which the Participant shall be entitled by reason of the
Participant's ownership of the Common Shares shall be immediately subject to the terms of this Notice and Agreement and included
thereafter as “Common Shares” for purposes of this Notice and Agreement.

 

7.Legends. The share certificate
evidencing the Common Shares, if any, issued hereunder shall be endorsed with the following legend (in addition to any legend required
under applicable state securities laws):

 

THE COMMON SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER AND OBLIGATIONS TO RETURN TO THE COMPANY, AS SET FORTH IN AN AGREEMENT BETWEEN
THE COMPANY AND THE HOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.

 

8.U.S. Tax Consequences. The
Participant has reviewed with the Participant's own tax advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Notice and Agreement. The Participant is relying solely on such advisors and
not on any statements or representations of the Company or any of its employees or agents. The Participant understands that the
Participant (and not the Company) shall be responsible for the Participant's own tax liability that may arise as a result of the
transactions contemplated by this Notice and Agreement. The Participant understands that for U.S. taxpayers, Section 83 of the
Internal Revenue Code of 1986, as amended (the "Code"), taxes as ordinary income the difference between the purchase
price for the Common Shares, if any, and the fair market value of the Common Shares as of the date any restrictions on the Common
Shares lapse. In this context, “restriction” includes the right of the Company to the return of the Common Shares upon
a Return Event. The Participant understands that if he/she is a U.S. taxpayer, the Participant may elect to be taxed at the time
the Common Shares are awarded as Restricted Stock rather than when and as the Return Right expires by filing an election under
Section 83(b) of the Code with the IRS within 30 days from the date of acquisition. The form for making this election is attached
as Exhibit C hereto.

 

THE PARTICIPANT ACKNOWLEDGES THAT IT IS
THE PARTICIPANT'S SOLE RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), IF APPLICABLE, EVEN
IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT'S BEHALF.

 

9.General.

 

(a) This Notice and Agreement shall
be governed by and construed under the laws of the State of Delaware. The Notice and Agreement and the Plan, which is incorporated
herein by reference, represents the entire agreement between the parties with respect to the shares of Restricted Common Stock
granted to the Participant. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions
of this Notice and Agreement, the terms and conditions of the Plan shall prevail.

 

    	-3-

    	 

    

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

 

(c)The rights of the Company under
this Notice and Agreement and the Plan shall be transferable to any one or more persons or entities, and all covenants and agreements
hereunder shall inure to the benefit of, and be enforceable by the Company's successors and assigns. The rights and obligations
of the Participant under this Notice and Agreement may only be assigned with the prior written consent of the Company.

 

(d)The Participant agrees upon request
to execute any further documents or instruments necessary or desirable to carry out the purposes or intent of this Notice and Agreement.

 

(e) PARTICIPANT ACKNOWLEDGES AND AGREES
THAT THE RELEASE OF COMMON SHARES PURSUANT TO THIS AGREEMENT SHALL BE EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE, CONSULTANT
OR DIRECTOR, AND NOT THROUGH THE ACT OF BEING HIRED, APPOINTED OR OBTAINING COMMON SHARES HEREUNDER.

 

 

#####

 

    	-4-

    	 

    

EXHIBIT A

 

ASSIGNMENT SEPARATE FROM CERTIFICATE

 

 

FOR VALUE RECEIVED I, __________________________,
hereby sell, assign and transfer unto _______________________________________(__________) Common Shares of Mandalay Digital Group,
Inc. standing in my name of the books of said corporation represented by Certificate No. ________ herewith and do hereby irrevocably
constitute and appoint _____________________________ to transfer the said stock on the books of the within named corporation with
full power of substitution in the premises.

 

This Stock Assignment may be used only
in accordance with the Notice of Grant and the Restricted Stock Agreement between Mandalay Digital Group, Inc. and the undersigned
dated_____________, 20__.

 

 

Dated: _______________, 20___

 

	 	Signature: ______________________________

	 	Print Name: ______________________________

 

  

 

INSTRUCTIONS:

 

Please DO NOT fill in any blanks
other than the signature lines.

The purpose of this assignment is to
enable the Company to receive the return of the Common Shares as set forth in the Notice and Agreement, without requiring additional
signatures on the part of the Participant.

 

    	-5-

    	 

    

 

EXHIBIT B

 

CONSENT OF SPOUSE

 

 

I, ____________________, spouse of ___________________,
have read and approve the foregoing Notice of Grant and Restricted Stock Agreement (the “Notice and Agreement”). In
consideration of the Company's grant to my spouse of the Common Shares of Mandalay Digital Group, Inc. as set forth in the Notice
and Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights under the Notice and
Agreement and agree to be bound by the provisions of the Notice and Agreement insofar as I may have any rights in said Notice and
Agreement or any Common Shares issued pursuant thereto under the community property laws or similar laws relating to marital property
in effect in the state or country of our residence as of the date of the signing of the foregoing Notice and Agreement.

 

 

Dated: _______________, 20__

 

 

	 	Signature
of Spouse

	 	Print
Name: ______________________________

  

    	-6-

    	 

    

EXHIBIT C

 

ELECTION UNDER SECTION 83(b)

OF THE U.S. INTERNAL REVENUE CODE OF
1986

 

 

The undersigned taxpayer hereby elects,
pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in taxpayer's gross income for the current
taxable year the amount of any compensation taxable to taxpayer in connection with his or her receipt of the property described
below:

 

1.      
The name, address, taxpayer identification number and taxable year of the undersigned are as follows:

 

	Name:	 
	Spouse:	 
	Taxpayer I.D. No.:	 
	Address:	 
	 	 
	Tax Year:	 

 

2.The property with respect to which
the election is made is described as follows: __________________(________) shares of the common stock (“Common Shares”)
of Mandalay Digital Group, Inc. (the "Company").

 

3. The date on which the property was
transferred is ______________, 20__.

 

4. The property is subject to the following
restrictions:

 

The Common Shares are required to be returned
to the Company in the event that the undersigned ceases to perform services for the Company through certain dates specified in
the Notice of Grant and Restricted Stock Agreement between me and the Company dated as of ___________, 20__. This right lapses
with regard to a portion of the Common Shares based on my Continued Status as an Employee, Consultant or Director over time.

 

5. The fair market value at the time
of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of such
property is: $______________________.

 

6. The amount (if any) paid for such
property is: none.

 

The undersigned has submitted a copy of
this statement to the person for whom the services were performed in connection with the undersigned's receipt of the above-described
property. The transferee of such property is the person performing the services in connection with the transfer of said property.
The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner.

 

	Dated: ___________________, 20__	 
	 	Signature of Taxpayer

 

The undersigned spouse of taxpayer joins
in this election.

 

	Dated: ___________________, 20__	 
	 	Signature of Taxpayer

 

    	-7-MANDALAY DIGITAL GROUP, INC.
	AMENDED AND RESTATED 2011 EQUITY INCENTIVE PLAN
	 
	NOTICE OF GRANT AND STOCK OPTION AGREEMENT
	 

 

	Name:	 	 	Option Number:	 
	Address:	 	 	Plan Name:	Amended and Restated 2011
 Equity Incentive Plan
	Employee ID:	 	 	 	 

 

Effective
__________, 20__, (“Grant Date”), you have been granted [incentive/non-qualified] stock option to purchase ___________(
________) shares of Mandalay Digital Group, Inc. common stock at an Exercise Price of $ ______ per share pursuant to the Mandalay
Digital Group, Inc. Amended and Restated 2011 Equity Incentive Plan (the “Plan”). Except as otherwise defined
herein, terms with initial capital letters shall have the same meanings
set forth in the Plan. A copy of the Plan is attached to this Notice and Agreement. The terms and conditions of the Plan are incorporated
herein by this reference.

 

[Insert vesting schedule]

 

By accepting this grant and exercising
any portion of the Option, you represent that you: (i) agree to the terms and conditions of this Notice and Agreement and the Plan;
(ii) have reviewed the Plan and the Notice and Agreement in their entirety, and have had an opportunity to obtain the advice of
legal counsel and/or your tax advisor with respect thereto; (iii) fully understand and accept all provisions hereof; (iv) agree
to accept as binding, conclusive, and final all of the Administrator’s decisions regarding, and all interpretations of, the
Plan and the Notice and Agreement; and (v) agree to notify the Company upon any change in your home address indicated above.

 

Please return a signed copy of
this Notice of Grant and Stock Option Agreement to [insert contact name and address], and retain a copy for your records.

  

	For Mandalay Digital Group, Inc.:	 
	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 
	Participant:	 
	 	 
	By:	 	 
	 	Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}]]