Document:

Exhibit 10.15.2 

 

BUTTERFLY NETWORK, INC.

 

Stock Option Grant Notice

Stock Option Grant under the Company’s

2020 Equity Incentive Plan

 

	1.	Name and Address of Participant:
	 	 
	2.	Date of Option Grant:
	 	 
	3.	Type of Grant:
	 	 
	4.	Maximum Number of Shares for
	 	which this Option is exercisable:
	 	 
	5.	Exercise (purchase) price per share:
	 	 
	6.	Option Expiration Date:
	 	 
	7.	Vesting Schedule: This Option shall become exercisable (and the Shares issued upon exercise shall be vested) as follows provided the Participant is an Employee, director or Consultant of the Company or of an Affiliate on the applicable vesting date:

 

[INSERT VESTING PROVISIONS]

 

The foregoing rights
are cumulative and are subject to the other terms and conditions of this Agreement and the Plan.

 

The Company and the
Participant acknowledge receipt of this Stock Option Grant Notice and agree to the terms of the Stock Option Agreement attached
hereto and incorporated by reference herein, the Company’s 2020 Equity Incentive Plan and the terms of this Option Grant
as set forth above.

 

	 	BUTTERFLY NETWORK, INC.
	 	 
	 	By:	 
	 	 	Name:       
	 	 	Title:       
	 	 
	 	 
	 	Participant

 

 

     

     

    

 

BUTTERFLY NETWORK, INC. 

 

STOCK OPTION AGREEMENT - INCORPORATED
TERMS AND CONDITIONS

 

AGREEMENT (this “Agreement”)
made as of the date of grant set forth in the Stock Option Grant Notice by and between Butterfly Network, Inc. (the “Company”),
a Delaware corporation, and the individual whose name appears on the Stock Option Grant Notice (the “Participant”).

 

WHEREAS, the Company
desires to grant to the Participant an Option to purchase shares of its Class A common stock, $$0.0001 par value per share (the
 “Shares”), under and for the purposes set forth in the Company’s 2020 Equity Incentive Plan (the “Plan”);

 

WHEREAS, the Company
and the Participant understand and agree that any terms used and not defined herein have the same meanings as in the Plan; and

 

WHEREAS, the Company
and the Participant each intend that the Option granted herein shall be of the type set forth in the Stock Option Grant Notice.

 

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree
as follows:

 

1.                 
GRANT OF OPTION. The Company hereby grants to the Participant the right and option to purchase all or any part of
an aggregate of the number of Shares set forth in the Stock Option Grant Notice, on the terms and conditions and subject to all
the limitations set forth herein, under United States securities and tax laws, and in the Plan, which is incorporated herein by
reference. The Participant acknowledges receipt of a copy of the Plan.

 

2.                 
EXERCISE PRICE. The exercise price of the Shares covered by the Option shall be the amount per Share set forth in
the Stock Option Grant Notice, subject to adjustment, as provided in the Plan, in the event of a stock split, reverse stock split
or other events affecting the holders of Shares after the date hereof (the “Exercise Price”). Payment shall be made
in accordance with Paragraph 10 of the Plan.

 

3.                 EXERCISABILITY OF OPTION. Subject to the terms and conditions set forth in
this Agreement and the Plan, the Option granted hereby shall become vested and exercisable as set forth in the Stock Option
Grant Notice and is subject to the other terms and conditions of this Agreement and the Plan.

 

4.                 
TERM OF OPTION. This Option shall terminate on the Option Expiration Date as specified in the Stock Option Grant
Notice and, if this Option is designated in the Stock Option Grant Notice as an ISO and the Participant owns as of the date hereof
more than 10% of the total combined voting power of all classes of capital stock of the Company or an Affiliate, such date may
not be more than five years from the date of this Agreement, but shall be subject to earlier termination as provided herein or
in the Plan.

 

     

     

    

 

If the Participant ceases
to be an Employee, director or Consultant of the Company or of an Affiliate for any reason other than the death or Disability of
the Participant, or termination of the Participant for Cause (the “Termination Date”), the Option to the extent then
vested and exercisable pursuant to Section 3 hereof as of the Termination Date, and not previously terminated in accordance with
this Agreement, may be exercised within three months after the Termination Date, or on or prior to the Option Expiration Date as
specified in the Stock Option Grant Notice, whichever is earlier, but may not be exercised thereafter except as set forth below.
In such event, the unvested portion of the Option shall not be exercisable and shall expire and be cancelled on the Termination
Date.

 

If this Option is designated
in the Stock Option Grant Notice as an ISO and the Participant ceases to be an Employee of the Company or of an Affiliate but continues
after termination of employment to provide service to the Company or an Affiliate as a director or Consultant, this Option shall
continue to vest in accordance with Section 3 above as if this Option had not terminated until the Participant is no longer providing
services to the Company. In such case, this Option shall automatically convert and be deemed a Non-Qualified Option as of the date
that is three months from termination of the Participant's employment and this Option shall continue on the same terms and conditions
set forth herein until such Participant is no longer providing service to the Company or an Affiliate.

 

Notwithstanding the foregoing,
in the event of the Participant’s Disability or death within three months after the Termination Date, the Participant or
the Participant’s Survivors may exercise the Option within one year after the Termination Date, but in no event after the
Option Expiration Date as specified in the Stock Option Grant Notice.

 

In the event the Participant’s
service is terminated by the Company or an Affiliate for Cause, the Participant’s right to exercise any unexercised portion
of this Option even if vested shall cease immediately as of the time the Participant is notified his or her service is terminated
for Cause, and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if subsequent to the Participant’s
termination, but prior to the exercise of the Option, the Administrator determines that, either prior or subsequent to the Participant’s
termination, the Participant engaged in conduct which would constitute Cause, then the Participant shall immediately cease to have
any right to exercise the Option and this Option shall thereupon terminate.

 

In the event of the Disability
of the Participant, as determined in accordance with the Plan, the Option shall be exercisable within one year after the Participant’s
termination of service due to Disability or, if earlier, on or prior to the Option Expiration Date as specified in the Stock Option
Grant Notice. In such event, the Option shall be exercisable:

 

		(a)	to the extent that the Option has become exercisable but has not been exercised as of the date
of the Participant’s termination of service due to Disability; and

 

		(b)	in the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion
through the date of the Participant’s termination of service due to Disability of any additional vesting rights that would
have accrued on the next vesting date
had the Participant not become Disabled. The proration shall be based upon the number of days accrued in the current vesting period
prior to the date of the Participant’s termination of service due to Disability.

 

    2 

     

    

 

In the event of the death
of the Participant while an Employee, director or Consultant of the Company or of an Affiliate, the Option shall be exercisable
by the Participant’s Survivors within one year after the date of death of the Participant or, if earlier, on or prior to
the Option Expiration Date as specified in the Stock Option Grant Notice. In such event, the Option shall be exercisable:

 

		(x)	to the extent that the Option has become exercisable but has not been exercised as of the date
of death; and

 

		(y)	in the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion
through the date of death of any additional vesting rights that would have accrued on the next vesting date had the Participant
not died. The proration shall be based upon the number of days accrued in the current vesting period prior to the Participant’s
date of death.

 

5.          METHOD OF EXERCISING OPTION. Subject to the terms and conditions of this Agreement, the Option may be exercised by
written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto (or in such other
form acceptable to the Company, which may include electronic notice). Such notice shall state the number of Shares with respect
to which the Option is being exercised and shall be signed by the person exercising the Option (which signature may be provided
electronically in a form acceptable to the Company). Payment of the Exercise Price for such Shares shall be made in accordance
with Paragraph 10 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received,
provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent,
which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky”
laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register
in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant
shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of
the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the
written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by
any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise
the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

 

6.          PARTIAL
EXERCISE. Exercise of this Option to the extent above stated may be made in part at any time and from time to time within
the above limits, except that no fractional share shall be issued pursuant to this Option.

 

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7.         NON-ASSIGNABILITY.
The Option shall not be transferable by the Participant otherwise than by will or by the laws of descent and distribution. If
this Option is a Non-Qualified Option then it may also be transferred pursuant to a qualified domestic relations order as
defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as
provided above in this paragraph, the Option shall be exercisable, during the Participant’s lifetime, only by the
Participant (or, in the event of legal incapacity or incompetency, by the Participant’s guardian or representative) and
shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject
to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition
of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment
or similar process upon the Option shall be null and void.

 

8.           NO
RIGHTS AS STOCKHOLDER UNTIL EXERCISE. The Participant shall have no rights as a stockholder with respect to Shares subject
to this Agreement until registration of the Shares in the Company’s share register in the name of the Participant. Except
as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall
be made for dividends or similar rights for which the record date is prior to the date of such registration.

 

9.         ADJUSTMENTS.
The Plan contains provisions covering the treatment of Options in a number of contingencies such as stock splits and mergers.
Provisions in the Plan for adjustment with respect to stock subject to Options and the related provisions with respect to successors
to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference.

 

10.         TAXES.
The Participant acknowledges and agrees that (i) any income or other taxes due from the Participant with respect to this Option
or the Shares issuable pursuant to this Option shall be the Participant’s responsibility; (ii) the Participant was free
to use professional advisors of his or her choice in connection with this Agreement, has received advice from his or her professional
advisors in connection with this Agreement, understands its meaning and import, and is entering into this Agreement freely and
without coercion or duress; (iii) the Participant has not received and is not relying upon any advice, representations or assurances
made by or on behalf of the Company or any Affiliate or any employee of or counsel to the Company or any Affiliate regarding any
tax or other effects or implications of the Option, the Shares or other matters contemplated by this Agreement; and (iv) neither
the Administrator, the Company, its Affiliates, nor any of its officers or directors, shall be held liable for any applicable
costs, taxes, or penalties associated with the Option if, in fact, the Internal Revenue Service were to determine that the Option
constitutes deferred compensation under Section 409A of the Code.

 

If this Option is
designated in the Stock Option Grant Notice as a Non-Qualified Option or if the Option is an ISO and is converted into a
Non-Qualified Option and such Non-Qualified Option is exercised, the Participant agrees that the Company may withhold from
the Participant’s remuneration, if any, the minimum statutory amount of federal, state and local withholding taxes
attributable to such amount that is considered compensation includable in such person’s gross income. At the
Company’s discretion, the amount required to be withheld may be withheld in cash from such remuneration, or in kind
from the Shares otherwise deliverable to the Participant on exercise of the Option. The Participant further agrees that, if
the Company does not withhold an amount from the Participant’s remuneration sufficient to satisfy the Company’s
income tax withholding obligation, the Participant will reimburse the Company on demand, in cash, for the amount
under-withheld.

 

    4 

     

    

 

11.             
PURCHASE FOR INVESTMENT. Unless the offering and sale of the Shares to be issued upon the particular exercise of
the Option shall have been effectively registered under the Securities Act, the Company shall be under no obligation to issue the
Shares covered by such exercise unless the Company has determined that such exercise and issuance would be exempt from the registration
requirements of the Securities Act and until the following conditions have been fulfilled:

 

(a)         The
person(s) who exercise the Option shall warrant to the Company, at the time of such exercise, that such person(s) are acquiring
such Shares for their own respective accounts, for investment, and not with a view to, or for sale in connection with, the distribution
of any such Shares, in which event the person(s) acquiring such Shares shall be bound by the provisions of the following legend
which shall be endorsed upon any certificate(s) evidencing the Shares issued pursuant to such exercise:

 

“The shares represented
by this certificate have been taken for investment and they may not be sold or otherwise transferred by any person, including a
pledgee, unless (1) either (a) a Registration Statement with respect to such shares shall be effective under the Securities Act
of 1933, as amended, or (b) the Company shall have received an opinion of counsel satisfactory to it that an exemption from registration
under such Act is then available, and (2) there shall have been compliance with all applicable state securities laws;” and

 

(b)         If the Company so requires, the Company shall have received an opinion of its counsel that the Shares may be issued upon
such particular exercise in compliance with the Securities Act without registration thereunder. Without limiting the generality
of the foregoing, the Company may delay issuance of the Shares until completion of any action or obtaining of any consent, which
the Company deems necessary under any applicable law (including without limitation state securities or “blue sky” laws).

 

12.             
RESTRICTIONS ON TRANSFER OF SHARES.

 

(a)        The
Participant agrees that in the event the Company proposes to offer for sale to the public any of its equity securities and such
Participant is requested by the Company and any underwriter engaged by the Company in connection with such offering to sign an
agreement restricting the sale or other transfer of Shares, then it will promptly sign such agreement and will not transfer, whether
in privately negotiated transactions or to the public in open market transactions or otherwise, any Shares or other securities
of the Company held by him or her during such period as is determined by the Company and the underwriters, not to exceed 180 days
following the closing of the offering, plus such additional period of time as may be required to comply with FINRA rules or similar
rules thereto promulgated by another regulatory authority (such period, the “Lock-Up Period”). Such agreement shall
be in writing and in form and substance reasonably satisfactory to the Company and such underwriter and pursuant to customary
and prevailing terms and conditions. Notwithstanding whether the Participant has signed such an agreement, the Company may impose
stop-transfer instructions with respect to the Shares or other securities of the Company subject to the foregoing restrictions
until the end of the Lock-Up Period.

 

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(b)         The Participant acknowledges and agrees that neither the Company, its stockholders nor its directors and officers, has any
duty or obligation to disclose to the Participant any material information regarding the business of the Company or affecting the
value of the Shares before, at the time of, or following a termination of the service of the Participant by the Company, including,
without limitation, any information concerning plans for the Company to make a public offering of its securities or to be acquired
by or merged with or into another firm or entity.

 

13.          NO OBLIGATION TO MAINTAIN RELATIONSHIP. The Participant acknowledges that: (i) the Company is not by the Plan or
this Option obligated to continue the Participant as an employee, director or Consultant of the Company or an Affiliate; (ii) the
Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of the Option is
a one-time benefit which does not create any contractual or other right to receive future grants of options, or benefits in lieu
of options; (iv) all determinations with respect to any such future grants, including, but not limited to, the times when options
shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be
exercisable, will be at the sole discretion of the Company; (v) the Participant’s participation in the Plan is voluntary;
(vi) the value of the Option is an extraordinary item of compensation which is outside the scope of the Participant’s employment
or consulting contract, if any; and (vii) the Option is not part of normal or expected compensation for purposes of calculating
any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments.

 

14.          IF OPTION IS INTENDED TO BE AN ISO. If this Option is designated in the Stock Option Grant Notice as an ISO so that
the Participant (or the Participant’s Survivors) may qualify for the favorable tax treatment provided to holders of Options
that meet the standards of Section 422 of the Code then any provision of this Agreement or the Plan which conflicts with the Code
so that this Option would not be deemed an ISO is null and void and any ambiguities shall be resolved so that the Option qualifies
as an ISO. The Participant should consult with the Participant’s own tax advisors regarding the tax effects of the Option
and the requirements necessary to obtain favorable tax treatment under Section 422 of the Code, including, but not limited to,
holding period requirements.

 

Notwithstanding
the foregoing, to the extent that the Option is designated in the Stock Option Grant Notice as an ISO and
is not deemed to be an ISO pursuant to Section 422(d) of the Code because the aggregate Fair Market Value (determined as of the
Date of Option Grant) of any of the Shares with respect to which this ISO is granted becomes exercisable for the first time during
any calendar year in excess of $100,000, the portion of the Option representing such excess value shall be treated as a Non-Qualified
Option and the Participant shall be deemed to have taxable income measured by the difference between the then Fair Market Value
of the Shares received upon exercise and the price paid for such Shares pursuant to this Agreement. 

 

Neither the Company
nor any Affiliate shall have any liability to the Participant, or any other party, if the Option (or any part thereof) that
is intended to be an ISO is not an ISO or for any action taken by the Administrator, including without limitation the
conversion of an ISO to a Non-Qualified Option.

 

    6 

     

    

 

15.           NOTICE
TO COMPANY OF DISQUALIFYING DISPOSITION OF AN ISO. If this Option is designated in the Stock Option Grant Notice as an ISO
then the Participant agrees to notify the Company in writing immediately after the Participant makes a Disqualifying Disposition
of any of the Shares acquired pursuant to the exercise of the ISO. A Disqualifying Disposition is defined in Section 424(c) of
the Code and includes any disposition (including any sale) of such Shares before the later of (a) two years after the date the
Participant was granted the ISO or (b) one year after the date the Participant acquired Shares by exercising the ISO, except as
otherwise provided in Section 424(c) of the Code. If the Participant has died before the Shares are sold, these holding period
requirements do not apply and no Disqualifying Disposition can occur thereafter.

 

16.         NOTICES.
Any notices required or permitted by the terms of this Agreement or the Plan shall be given by recognized courier service, facsimile,
registered or certified mail, return receipt requested, addressed as follows:

 

If to the Company:

 

[ADDRESS

Attention: ]

 

If to the Participant at the address set forth on the Stock
Option Grant Notice

 

or to such other address or addresses of which notice in the
same manner has previously been given. Any such notice shall be deemed to have been given upon the earlier of receipt, one business
day following delivery to a recognized courier service or three business days following mailing by registered or certified mail.

 

17.         GOVERNING
LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
giving effect to the conflict of law principles thereof. For the purpose of litigating any dispute that arises under this Agreement,
the parties hereby consent to exclusive jurisdiction in Connecticut and agree that such litigation shall be conducted in the state
courts of Connecticut or the federal courts of the United States for the District of Connecticut.

 

18.          
BENEFIT OF AGREEMENT. Subject to the provisions of the Plan and the other provisions hereof, this Agreement shall
be for the benefit of and shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

19.         ENTIRE
AGREEMENT. This Agreement, together with the Plan, embodies the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings
relating to the subject matter hereof (with the exception of acceleration of vesting provisions contained in any other
agreement with the Company). No statement, representation, warranty, covenant or agreement not expressly set forth in this
Agreement shall affect or be used to interpret, change or restrict, the express terms and provisions of this Agreement.
Notwithstanding the foregoing in all events, this Agreement shall be subject to and governed by the Plan.

 

    7 

     

    

 

20.             
MODIFICATIONS AND AMENDMENTS. The terms and provisions of this Agreement may be modified or amended as provided in
the Plan.

 

21.             
WAIVERS AND CONSENTS. Except as provided in the Plan, the terms and provisions of this Agreement may be waived, or
consent for the departure therefrom granted, only by written document executed by the party entitled to the benefits of such terms
or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other
terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific
instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

 

22.             
DATA PRIVACY. By entering into this Agreement, the Participant: (i) authorizes the Company and each Affiliate, and
any agent of the Company or any Affiliate administering the Plan or providing Plan recordkeeping services, to disclose to the Company
or any of its Affiliates such information and data as the Company or any such Affiliate shall request in order to facilitate the
grant of options and the administration of the Plan; (ii) to the extent permitted by applicable law waives any data privacy rights
he or she may have with respect to such information, and (iii) authorizes the Company and each Affiliate to store and transmit
such information in electronic form for the purposes set forth in this Agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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Exhibit A

 

NOTICE OF EXERCISE OF STOCK OPTION

 

Form for Shares registered in
the United States

 
	To:	Butterfly Network, Inc.

 

IMPORTANT NOTICE: This form of Notice of Exercise may only be
used at such time as the Company has filed a Registration Statement with the Securities and Exchange Commission under which the
issuance of the Shares for which this exercise is being made is registered and such Registration Statement remains effective.

 

Ladies and Gentlemen:

 

I hereby exercise my
Stock Option to purchase _________ shares (the “Shares”) of the Class A common stock, $0.0001 par value, of Butterfly
Network, Inc. (the “Company”), at the exercise price of $________ per share, pursuant to and subject to the terms of
that Stock Option Grant Notice dated _______________, 202_.

 

I understand the nature
of the investment I am making and the financial risks thereof. I am aware that it is my responsibility to have consulted with competent
tax and legal advisors about the relevant national, state and local income tax and securities laws affecting the exercise of the
Option and the purchase and subsequent sale of the Shares.

 

I am paying the option
exercise price for the Shares as follows:

 

_________________________________________

 

Please issue the Shares (check one):

 

  ̈
to me; or

 

  ̈
to me and ____________________________, as joint tenants with right of survivorship,

 

at the following address:

 

	 	 	 
	 	 	 
	 	 	 

 

    Exhibit A-1

     

    

 

My mailing address
for stockholder communications, if different from the address listed above, is:

 

	 	 	 
	 	 	 
	 	 	 

 

 

	 	Very truly yours,
	 	 
	 	Participant (signature)
	 	 
	 	 
	 	Print Name
	 	 
	 	 
	 	Date

 

    Exhibit A-2Exhibit 10.15.3

 

BUTTERFLY NETWORK, INC.

 

Restricted Stock Unit Award Grant Notice

Restricted Stock Unit Award Grant under
the Company’s

2020 Equity Incentive Plan

 

1.             Name and Address of Participant:

 

2.             Date
of Grant of

Restricted Stock Unit Award:

 

3.            Maximum
Number of Shares underlying

Restricted Stock Unit Award:

 

 4.            Vesting of Award: This Restricted Stock Unit Award shall vest as follows provided the Participant is an Employee, director or Consultant of the Company or of an Affiliate on the applicable vesting:

 
	Number
    of Restricted Stock Units	 	Vesting Date

 

 

 

[INSERT
VESTING PROVISIONS]

 

The Company and the Participant acknowledge
receipt of this Restricted Stock Unit Award Grant Notice and agree to the terms of the Restricted Stock Unit Agreement attached
hereto and incorporated by reference herein, the Company’s 2020 Equity Incentive Plan and the terms of this Restricted Stock
Unit Award as set forth above.

 

	 	BUTTERFLY NETWORK, INC.
	 	 
	 	By:	                         
	 	Name:
	 	Title:
	 	 
	 	 
	 	Participant

 

     

     

    

 

BUTTERFLY NETWORK, INC.

 

RESTRICTED STOCK UNIT AGREEMENT –

 

INCORPORATED TERMS AND CONDITIONS

 

AGREEMENT made as of
the date of grant set forth in the Restricted Stock Unit Award Grant Notice between Butterfly Network, Inc. (the “Company”),
a Delaware corporation, and the individual whose name appears on the Restricted Stock Unit Award Grant Notice (the “Participant”).

 

WHEREAS, the Company
has adopted the 2020 Equity Incentive Plan (the “Plan”), to promote the interests of the Company by providing an incentive
for Employees, directors and Consultants of the Company and its Affiliates;

 

WHEREAS, pursuant to
the provisions of the Plan, the Company desires to grant to the Participant restricted stock units (“RSUs”) related
to the Company’s Class A common stock, $.0001 par value per share (“Common Stock”), in accordance with the provisions
of the Plan, all on the terms and conditions hereinafter set forth; and

 

WHEREAS, the Company
and the Participant understand and agree that any terms used and not defined herein have the meanings ascribed to such terms in
the Plan.

 

NOW, THEREFORE, in
consideration of the promises and the mutual covenants contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.             
Grant of Award. The Company hereby grants to the Participant an award for the number of RSUs set forth in the Restricted
Stock Unit Award Grant Notice (the “Award”). Each RSU represents a contingent entitlement of the Participant to receive
one share of Common Stock, on the terms and conditions and subject to all the limitations set forth herein and in the Plan, which
is incorporated herein by reference. The Participant acknowledges receipt of a copy of the Plan.

 

2.            
Vesting of Award.

 

(a)              
Subject to the terms and conditions set forth in this Agreement and the Plan, the Award granted hereby shall vest as set
forth in the Restricted Stock Unit Award Grant Notice and is subject to the other terms and conditions of this Agreement and the
Plan. On each vesting date set forth in the Restricted Stock Unit Award Grant Notice, the Participant shall be entitled to receive
such number of shares of Common Stock equivalent to the number of RSUs as set forth in the Restricted Stock Unit Award Grant Notice
provided that the Participant is providing service to the Company or an Affiliate on such vesting date. Such shares of Common Stock
shall thereafter be delivered by the Company to the Participant within [five] days of the applicable vesting date and in accordance
with this Agreement and the Plan.

 

(b)               Except
as otherwise set forth in this Agreement, if the Participant ceases to be providing services for any reason by the Company or
by an Affiliate (the “Termination”) prior to a vesting date set forth in the Restricted Stock Unit Award Grant
Notice, then as of the date on which the Participant’s employment or service terminates, all unvested RSUs shall
immediately be forfeited to the Company and this Agreement shall terminate and be of no further force or effect.

 

     

     

    

 

3.            
Prohibitions on Transfer and Sale. This Award (including any additional RSUs received by the Participant as a result
of stock dividends, stock splits or any other similar transaction affecting the Company’s securities without receipt of consideration)
shall not be transferable by the Participant otherwise than (i) by will or by the laws of descent and distribution, or (ii) pursuant
to a qualified domestic relations order as defined by the Internal Revenue Code or Title I of the Employee Retirement Income Security
Act or the rules thereunder. Except as provided in the previous sentence, the shares of Common Stock to be issued pursuant to this
Agreement shall be issued, during the Participant’s lifetime, only to the Participant (or, in the event of legal incapacity
or incompetence, to the Participant’s guardian or representative). This Award shall not be assigned, pledged or hypothecated
in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any
attempted transfer, assignment, pledge, hypothecation or other disposition of this Award or of any rights granted hereunder contrary
to the provisions of this Section 3, or the levy of any attachment or similar process upon this Award shall be null and void.

 

4.            
Adjustments. The Plan contains provisions covering the treatment of RSUs and shares of Common Stock in a number of
contingencies such as stock splits. Provisions in the Plan for adjustment with respect to this Award and the related provisions
with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference.

 

5.            
Securities Law Compliance. The Participant specifically acknowledges and agrees that any sales of shares of Common
Stock shall be made in accordance with the requirements of the Securities Act of 1933, as amended. The Company does not currently
have an effective registration statement on file with the Securities and Exchange Commission with respect to the Common Stock to
be granted hereunder. Without an effective registration statement with respect to the Common Stock to be granted hereunder, Participant
will not be able to transfer or sell any of the shares of Common Stock issued to the Participant pursuant to this Agreement unless
exemptions from registration or filings under applicable securities laws are available. Furthermore, despite registration, applicable
securities laws may restrict the ability of the Participant to sell his or her Common Stock, including due to the Participant’s
affiliation with the Company. The Company shall not be obligated to either issue the Common Stock or permit the resale of any shares
of Common Stock if such issuance or resale would violate any applicable securities law, rule or regulation.

 

6.             
Rights as a Stockholder. The Participant shall have no right as a stockholder, including voting and dividend rights,
with respect to the RSUs subject to this Agreement.

 

7.            
Incorporation of the Plan. The Participant specifically understands and agrees that the RSUs and the shares of Common
Stock to be issued under the Plan will be issued to the Participant pursuant to the Plan, a copy of which Plan the Participant
acknowledges he or she has read and understands and by which Plan he or she agrees to be bound. The provisions of the Plan are
incorporated herein by reference.

 

    2

     

    

 

8.           
 Tax Liability of the Participant and Payment of Taxes. The Participant acknowledges and agrees that any income or
other taxes due from the Participant with respect to this Award or the shares of Common Stock to be issued pursuant to this Agreement
or otherwise sold shall be the Participant’s responsibility. Without limiting the foregoing, the Participant agrees that
if under applicable law the Participant will owe taxes at each vesting date on the portion of the Award then vested the Company
shall be entitled to immediate payment from the Participant of the amount of any tax or other amounts required to be withheld by
the Company by applicable law or regulation. Any taxes or other amounts due shall be paid, at the option of the Administrator as
follows:

 

(a)              
through reducing the number of shares of Common Stock entitled to be issued to the Participant on the applicable vesting
date in an amount equal to the statutory minimum of the Participant’s total tax and other withholding obligations due and
payable by the Company. Fractional shares will not be retained to satisfy any portion of the Company’s withholding obligation.
Accordingly, the Participant agrees that in the event that the amount of withholding required would result in a fraction of a share
being owed, that amount will be satisfied by withholding the fractional amount from the Participant’s paycheck;

 

(b)              
requiring the Participant to deposit with the Company an amount of cash equal to the amount determined by the Company to
be required to be withheld with respect to the statutory minimum amount of the Participant’s total tax and other withholding
obligations due and payable by the Company or otherwise withholding from the Participant’s paycheck an amount equal to such
amounts due and payable by the Company; or

 

(c)              
if the Company believes that the sale of shares can be made in compliance with applicable securities laws, authorizing,
at a time when the Participant is not in possession of material nonpublic information, the sale by the Participant on the applicable
vesting date of such number of shares of Common Stock as the Company instructs a registered broker to sell to satisfy the Company’s
withholding obligation, after deduction of the broker’s commission, and the broker shall be required to remit to the Company
the cash necessary in order for the Company to satisfy its withholding obligation. To the extent the proceeds of such sale exceed
the Company’s withholding obligation the Company agrees to pay such excess cash to the Participant as soon as practicable.
In addition, if such sale is not sufficient to pay the Company’s withholding obligation the Participant agrees to pay to
the Company as soon as practicable, including through additional payroll withholding, the amount of any withholding obligation
that is not satisfied by the sale of shares of Common Stock. The Participant agrees to hold the Company and the broker harmless
from all costs, damages or expenses relating to any such sale. The Participant acknowledges that the Company and the broker are
under no obligation to arrange for such sale at any particular price. In connection with such sale of shares of Common Stock, the
Participant shall execute any such documents requested by the broker in order to effectuate the sale of shares of Common Stock
and payment of the withholding obligation to the Company. The Participant acknowledges that this paragraph is intended to comply
with Section 10b5-1(c)(1)(i)(B) under the Exchange Act.

 

It is the
Company’s intention that the Participant’s tax obligations under this Section 8 shall be satisfied through the
procedure of Subsection (c) above, unless the Company provides notice of an alternate procedure under this Section, in its
discretion. The Company shall not deliver any shares of Common Stock to the Participant until it is satisfied that all
required withholdings have been made.

 

    3

     

    

 

9.            
Participant Acknowledgements and Authorizations.

 

The Participant acknowledges the
following:

 

(a)              
The Company is not by the Plan or this Award obligated to continue the Participant as an employee, director or consultant
of the Company or an Affiliate.

 

(b)              
The Plan is discretionary in nature and may be suspended or terminated by the Company at any time.

 

(c)              
The grant of this Award is considered a one-time benefit and does not create a contractual or other right to receive any
other award under the Plan, benefits in lieu of awards or any other benefits in the future.

 

(d)              
The Plan is a voluntary program of the Company and future awards, if any, will be at the sole discretion of the Company,
including, but not limited to, the timing of any grant, the amount of any award, vesting provisions and the purchase price, if
any.

 

(e)              
The value of this Award is an extraordinary item of compensation outside of the scope of the Participant’s employment
or consulting contract, if any. As such the Award is not part of normal or expected compensation for purposes of calculating any
severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar
payments. The future value of the shares of Common Stock is unknown and cannot be predicted with certainty.

 

(f)               
The Participant (i) authorizes the Company and each Affiliate and any agent of the Company or any Affiliate administering
the Plan or providing Plan recordkeeping services, to disclose to the Company or any of its Affiliates such information and data
as the Company or any such Affiliate shall request in order to facilitate the grant of the Award and the administration of the
Plan; and (ii) authorizes the Company and each Affiliate to store and transmit such information in electronic form for the purposes
set forth in this Agreement.

 

10.          
Notices. Any notices required or permitted by the terms of this Agreement or the Plan shall be given by recognized
courier service, facsimile, registered or certified mail, return receipt requested, addressed as follows:

 

If to the Company:

 

[ADDRESS

Attention: ]

 

If to the
Participant at the address set forth on the Restricted Stock Unit Award Grant Notice or to such other address or addresses of
which notice in the same manner has previously been given. Any such notice shall be deemed to have been given on the earliest
of receipt, one business day following delivery by the sender to a recognized courier service, or three business days
following mailing by registered or certified mail.

 

    4

     

    

 

11.          
Assignment and Successors.

 

(a)              
This Agreement is personal to the Participant and without the prior written consent of the Company shall not be assignable
by the Participant otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of
and be enforceable by the Participant’s legal representatives.

 

(b)              
This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

 

12.          
Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware,
without giving effect to the conflict of law principles thereof. For the purpose of litigating any dispute that arises under this
Agreement, whether at law or in equity, the parties hereby consent to exclusive jurisdiction in [Connecticut] and agree that such
litigation will be conducted in the state courts of [Connecticut] or the federal courts of the United States for the District of
[Connecticut].

 

13.          
Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction,
then such provision or provisions shall be modified to the extent necessary to make such provision valid and enforceable, and to
the extent that this is impossible, then such provision shall be deemed to be excised from this Agreement, and the validity, legality
and enforceability of the rest of this Agreement shall not be affected thereby.

 

14.          
Entire Agreement. This Agreement, together with the Plan, constitutes the entire agreement and understanding between
the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings
relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement not expressly set forth in
this Agreement shall affect or be used to interpret, change or restrict the express terms and provisions of this Agreement provided,
however, in any event, this Agreement shall be subject to and governed by the Plan.

 

15.         
Modifications and Amendments; Waivers and Consents. The terms and provisions of this Agreement may be modified or
amended as provided in the Plan. Except as provided in the Plan, the terms and provisions of this Agreement may be waived, or consent
for the departure therefrom granted, only by written document executed by the party entitled to the benefits of such terms or provisions.
No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions
of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for
the purpose for which it was given, and shall not constitute a continuing waiver or consent.

 

16.           Section
409A. The Award of RSUs evidenced by this Agreement is intended to be exempt from the nonqualified deferred compensation
rules of Section 409A of the Code as a “short term deferral” (as that term is used in the final regulations and
other guidance issued under Section 409A of the Code, including Treasury Regulation Section 1.409A-1(b)(4)(i)), and shall be
construed accordingly.

 

    5

     

    

 

17.             
Data Privacy. By entering into this Agreement, the Participant: (i) authorizes the Company and each Affiliate, and
any agent of the Company or any Affiliate administering the Plan or providing Plan recordkeeping services, to disclose to the Company
or any of its Affiliates such information and data as the Company or any such Affiliate shall request in order to facilitate the
grant of options and the administration of the Plan; (ii) to the extent permitted by applicable law waives any data privacy rights
he or she may have with respect to such information, and (iii) authorizes the Company and each Affiliate to store and transmit
such information in electronic form for the purposes set forth in this Agreement.

 

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