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BORGWARNER INC.
2018 STOCK INCENTIVE PLAN
Restricted Stock Agreement
For Non-Employee Directors

    THIS Restricted Stock Agreement (the “Agreement”) dated as of April 28, 2021, by and between BORGWARNER INC., a Delaware corporation (the “Company”), and Insert Name (the “Director”) is entered into as follows:

WITNESSETH:

    WHEREAS, the Company has established the BorgWarner Inc. 2018 Stock Incentive Plan (the “Plan”), a copy of which is attached hereto, or which has been previously provided to the Director;

    WHEREAS, the Corporate Governance Committee of the Board of Directors of the Company has recommended that the Director be granted shares of Restricted Stock pursuant to the terms of the Plan and the terms of this Agreement, and the Board of Directors of the Company has approved such recommendation.

    NOW, THEREFORE, in consideration of the foregoing and the mutual covenants hereinafter set forth:

1.Award of Restricted Stock.  The Company hereby awards to the Director on this date, XXXX shares of its common stock, par value $.01 (“Stock”), subject to the terms and conditions set forth in the Plan and this Agreement (the “Award”).

2.Issuance of Share Certificates or Book Entry Record.  The Company shall, as soon as administratively feasible after execution of this Agreement by the Director, either (1) issue one or more certificates in the name of the Director representing the shares of Restricted Stock covered by this Award, or (2) direct the Company’s transfer agent for the Stock to make a book entry record showing ownership for the Restricted Stock in the name of the Director, subject to the terms and conditions of the Plan and this Agreement.

3.Custody of Share Certificates During the Restriction Period.  In the event that the Company issues one or more certificates for the Restricted Stock covered by this Award in lieu of book entry, during the Restriction Period described below:

a.The certificate or certificates shall bear the following legend:

“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of the BorgWarner Inc. 2018 Stock Incentive Plan and a Restricted Stock Agreement.  Copies of such Plan and Restricted Stock Agreement are on file at the headquarters offices of BorgWarner Inc.”

b.The certificates shall be held in custody by the Company until the restrictions set forth herein shall have lapsed; and

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c.As a condition to receipt of this Award, the Director hereby authorizes the Company to issue such instructions to the transfer agent as the Company may deem necessary or proper to comply with the intent and purposes of this Agreement and the Plan, including provisions regarding forfeiture, and that this paragraph shall be deemed to constitute the stock power, endorsed in blank, contemplated by Section 8.2 of the Plan.

4.Terms of the Plan Shall Govern.  The Award is made pursuant to, and is subject to, the Plan, including, without limitation, its provisions governing a Change in Control and Cancellation and Rescission of Awards.  In the case of any conflict between the Plan and this Agreement, the terms of the Plan shall control.  Unless otherwise indicated, all capitalized terms contained in this Agreement shall have the meaning assigned to them in the Plan.

5.Restriction Period.  The Restriction Period for the Restricted Stock awarded to the Director under this Agreement shall commence with the date of this Agreement set forth above and shall end, for the percentage of the shares indicated below, on the date when the Restricted Stock shall have vested in accordance with the following schedule:

        Date                        Vested Percentage

         April 28, 2022              100% of the Awarded Shares
                
    During the Restriction Period, the Director shall not be permitted to sell, assign, transfer, pledge or otherwise encumber the Restricted Stock awarded herein.

6.Shareholder Rights.  Subject to the restrictions imposed by this Agreement and the Plan, the Director shall have, with respect to the Restricted Stock covered by this Award, all of the rights of a stockholder of the Company holding Stock, including the right to vote the shares and the right to receive any cash dividends; provided, however, that cash dividends will be automatically reinvested in additional shares of Restricted Stock, the number of which shall be determined by multiplying (i) the number of shares of Restricted Stock that the Director has been issued under this Agreement as of the dividend record date by (ii) the dividend paid on each share of Stock, and dividing the result by (iii) the Fair Market Value of a share of Stock on the dividend payment date.  Such additional shares of Restricted Stock resulting from the reinvestment of dividends shall be subject to the same restrictions, terms and conditions, including the Restriction Period, contained herein.  For the avoidance of doubt, if the Restricted Stock is forfeited, then any dividends paid thereon and treated in accordance with this paragraph shall also be forfeited.

7.Forfeiture of Shares.  Upon the Director’s Termination of Employment during the Restriction Period, all shares of Stock covered by this Award that remain subject to restriction shall be forfeited by the Director; provided, however, that in the event of the Director’s Retirement during the Restriction Period, the Compensation Committee shall have the 
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discretion to waive, in whole or in part, any or all remaining restrictions with respect to any or all of the Restricted Stock covered by this Award.

8.Change in Control.  In the event of a Change in Control, this Award shall be treated in accordance with Section 15 of the Plan.

9.Delivery of Shares.  At the Director’s request, if and when the Restriction Period expires for a share or shares of Restricted Stock without a prior forfeiture, the Company will deliver certificate(s) for such share(s) to the Director.

10.Acquisition of Shares For Investment Purposes Only.  By his or her signature hereto, the Director hereby agrees with the Company as follows:

a.The Director is acquiring the shares of Stock covered by this Award for investment purposes only and not with a view to resale or other distribution thereof to the public in violation of the Securities Act of 1933, as amended (the “1933 Act”), and shall not dispose of any of the shares of the Stock in transactions which, in the opinion of counsel to the Company, violate the 1933 Act, or the rules and regulations thereunder, or any applicable state securities or “blue sky” laws;

b.If any of the shares of Stock covered by this Award shall be registered under the 1933 Act, no public offering (otherwise than on a national securities exchange, as defined in the Exchange Act) of any such shares shall be made by the Director (or any other person) under such circumstances that he or she (or any other such person) may be deemed an underwriter, as defined in the 1933 Act; and

c.The Company shall have the authority to endorse upon the certificate or certificates representing the Stock covered by this Agreement such legends referring to the foregoing restrictions.

11.No Right to Continued Service.  Nothing contained in the Plan or this Agreement shall confer upon the Director any right to continue as a director of the Company.

12.Withholding of Taxes.  If applicable, no later than the date as of which an amount first becomes includible in the Director’s gross income for Federal income tax purposes, the Director shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any Federal, state, local, or foreign taxes of any kind required by law to be withheld.

13.Governing Law.  The Award made and actions taken under the Plan and this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without taking into account its conflict of laws provisions.

14.Acceptance of Award.  By the Director’s signature below, the Director accepts the terms of the Award, as set forth in this Agreement and in the Plan.  Unless the Company otherwise agrees in writing, this Agreement shall not be effective as a Restricted Stock Award if a copy of this Agreement is not signed and returned to the Company.
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15.Binding Effect.  Subject to the limitations stated above, this Agreement shall be binding upon and inure to the benefit of the parties’ respective heirs, legal representatives, successors, and assigns.

*    *    *    *    *
    

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IN WITNESS WHEREOF, BORGWARNER INC. and the Director have executed this Agreement to be effective as of the date first written above.

                        

BORGWARNER INC.
                        
                    
                              By:      

                        
                        
                                                                 Title: Executive Vice President, Chief 
                                   Human Resources Officer

I acknowledge receipt of a copy of the Plan (either as an attachment hereto or that has been previously received by me) and that I have carefully read this Agreement and the Plan.  I agree to be bound by all of the provisions set forth in this Agreement and the Plan.

                                                
Date                        Insert Name
5knwn_ex1020.htm

  
 Exhibit 10.20 
 FIRST AMENDMENT TO
OFFICE LEASE
  
 THIS FIRST AMENDMENT TO OFFICE LEASE (“Amendment”) is made and entered into as of October 7, 2021 (the “Effective Date”), by and between LOGAN BUILDING LLC, a Delaware limited liability company (“Landlord”), and KNOW LABS, INC., a Nevada corporation, f/k/a VISUALANT INCORPORATED (“Tenant”).
  
 RECITALS
  
 A. Landlord and Tenant are parties to that certain Office Lease Agreement dated as of December 13, 2016, as modified by that Confirmation of Lease Commencement dated as of May 17, 2017 (as so modified, the “Lease”), for approximately 943 rentable square feet commonly known as Suites 810 and 815 (the “Premises”) in the Logan Building, located at 500 Union Street, Seattle, Washington (the “Building”). Capitalized terms used and not otherwise defined herein shall have the meanings given in the Lease. Landlord and Tenant may together be referred to herein as the “Parties”.
  
 B. The Parties desire to extend the Term of the Lease and to amend the Lease in certain other respects, all as further provided herein.
  
 AGREEMENT
  
 Landlord and Tenant amend the Lease and agree as follows:
  
 1. Term. The Term of the Lease, prior to giving effect to this Amendment, expires on May 31, 2022.  Landlord and Tenant hereby agree to extend the Term for an additional period of twelve (12) calendar months, so that the Term of the Lease as so extended will expire on May 31, 2023 (“Extended Term”), unless sooner terminated in accordance with the Lease.  All of the terms and conditions of the Lease, as hereby amended, will remain in full force and effect during the Extended Term; provided, however, Lessee shall have no further right to extend the Term of the Lease beyond the Extended Term and any option rights or extension rights contained in the Lease are hereby deleted in their entirety and have no further force or effect.
  
 2. Base Rent.  Base Rent for the Premises shall remain as specified in the Lease through May 31, 2022. The Lease is hereby amended to provide that commencing on June 1, 2022 and continuing thereafter through the expiration of the Extended Term, Base Rent for the Premises shall be as follows: 
  
 	 Month
	  
	 $/RSF/Year
	  
	 Monthly Base Rent

	 06/01/22 – 05/31/23
	  
	 $38.00
	  
	 $2,986.17

  
 3. Additional Rent.  Tenant shall continue to pay each month all Additional Rent, including without limitation Tenant’s Share of Taxes and Tenant’s Share of Expenses, through the remainder of the current Term of the Lease and throughout the Extended Term, in accordance with the terms and conditions set forth in the Lease. During the Extended Term, the Base Year shall remain as set forth in Section 1(H) of the Lease.
  
 4. Security Deposit. Landlord is currently holding a cash Security Deposit in the amount of $5,070.00, which will continue to be governed by Section 7 of the Lease.
  
 5. Acceptance of Premises.  Tenant is already occupying the Premises and agrees to accept the Premises for the Extended Term in its existing “As Is” condition.  Landlord shall have no obligation to make or pay for any improvements or alterations within the Premises in connection with this Amendment.  
   
 6. Miscellaneous.
  
 	  
	 (a)
	Tenant warrants that it has had no dealings with any broker in connection with this Amendment, and Landlord warrants that it has had no dealings with any broker except the Broderick Group in connection with this Amendment. Each party covenants to indemnify and hold harmless the other from all damages, liability and expense (including reasonable attorneys’ fees) arising from any claims or demands of any other broker or finder for any commission alleged to be due such brokers or finders as a result of their relationship to the indemnifying party in connection with this Amendment.
	  
	  
	  

	  
	 (b)
	Landlord and Tenant hereby acknowledge and confirm that the Lease, as amended by this Amendment, is valid and binding and in full force and effect, enforceable against each of them in accordance with its terms.
	  
	  
	  

	  
	 (c)
	This Amendment may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute the same agreement, whether or not all parties execute each counterpart. Signatures transmitted by email or electronic signatures affixed hereto through a nationally-recognized electronic signature service provider such as DocuSign or DocVerify shall have the same effect as delivered original ink signatures. Either party’s or both parties’ signatures may be notarized electronically or by remote online notary as long as such notarization is permitted by and complies with the laws by which this Amendment is governed. If, following execution and delivery of this Amendment through electronic means, either party subsequently determines that it needs or would like to receive a wet-ink signature, whether due to internal considerations, legal concerns, third party requirements or otherwise, within ten (10) days of such party’s written request, the parties shall exchange wet ink signature pages (and acknowledgements, if applicable), but any such subsequent exchange of wet-ink signature pages shall not affect the validity or timing of the electronic signatures or modify the dates or terms of this Amendment in any way, and each party may request such an exchange only once.
	  
	  
	  

	  
	 (d)
	The recitals in the opening paragraphs of this Amendment are incorporated into and are a part of this Amendment.

  7. Requirement for Valid Agreement. Unless and until this Amendment is fully executed and delivered by both Parties, there is not an agreement of any kind between the Parties, concerning the subject matter of this Amendment, that is binding upon either Party or upon which either Party can or should rely.
  
 	 
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 EXECUTED, the day and year first written above.
  
 LANDLORD:
  
 LOGAN BUILDING LLC,
a Delaware limited liability company
  
 By: Unico Boutique Office Portfolio LP,
a Delaware limited partnership,
Manager
  
 By: Unico Boutique Office Portfolio GP LLC,
a Delaware limited liability company,
General Partner
  
 By: Unico Investment Group LLC,
a Delaware limited liability company,
Member
  
 	 	Company Name	
	 	 	 	 
	Date	By:	/s/ Kris Hansen	
	  
	 Name:
	Kris Hansen	 
	 	Title:	Asset Manager	 
	 	 	 	 

  
  
 	 STATE OF WASHINGTON
	 )

	  
	 ) ss:

	 COUNTY OF KING 
	 )

  
 I certify that I know or have satisfactory evidence that _______________________ (is/are) the person(s) who appeared before me, and said person(s) acknowledged that he/she/they signed this instrument, on oath stated that he is / she is / they are authorized to execute the instrument and acknowledged it as the ________________________ of Unico Investment Group LLC, a Delaware limited liability company, the Member of Unico Boutique Office Portfolio GP LLC, a Delaware limited liability company, the General Partner of Unico Boutique Office Portfolio LP, a Delaware limited partnership, the Manager of LOGAN BUILDING LLC, a Delaware limited liability company, the entity that signed the instrument, to be the free and voluntary act of such party for the uses and purposes mentioned in this instrument.
  
 ☐ (Check if applicable) This notarial act involved the use of communication technology.
  
 DATED this ______ day of ____________, 2021.
  
 	  
	  
	  
	  

	  
	  
	 Name:____________________________________________________________________
	  

	  
	  
	 NOTARY PUBLIC in and for the State of WA
	  

	  
	  
	 Residing at________________________________________________________________
	  

	  
	  
	 My appointment expires: _____________________________________________________
	  

  
 	 
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 EXECUTED, the day and year first written above.
  
 TENANT:
  
 KNOW LABS, INC.,
 a Nevada corporation
 	 	Company Name	
	 	 	 	 
		By:	/s/ Ronald P. Erickson	
	  
	 Name:
	Ronald P. Erickson	 
	 	Title:	Chairman of the Board and Interim Chief Financial Officer	 
	 	 	 	 

  
 	 STATE OF _________________________
	 )

	  
	 )ss:

	 COUNTY OF________________________
	 )

  
 I certify that I know or have satisfactory evidence that _____________________________ (is/are) the person(s) who appeared before me, and said person(s) acknowledged that (he/she/they) signed this instrument, on oath stated that (he is/she is /they are) authorized to execute the instrument and acknowledged it as the ____________________ of KNOW LABS, INC., a Nevada corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in this instrument.
  
 ☐ (Check if applicable) This notarial act involved the use of communication technology.
  
 DATED this ______ day of ____________, 2021.
  
 	  
	  
	  
	  

	  
	  
	 Name:____________________________________________________________________
	  

	  
	  
	 NOTARY PUBLIC in and for the State of 
	  

	  
	  
	 Residing at________________________________________________________________
	  

	  
	  
	 My appointment expires: _____________________________________________________
	  

  
 	 
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