Document:

EX-10.6

 Exhibit 10.6 

Verve Therapeutics, Inc. 

RESTRICTED STOCK UNIT AGREEMENT 

Verve Therapeutics, Inc. (the “Company”) hereby grants the following restricted stock units pursuant to its 2021 Stock
Incentive Plan. The terms and conditions attached hereto are also a part hereof. 
 Notice of Grant 

 

	
	Name of recipient (the “Participant”):
	
	Grant Date:
	
	Number of restricted stock units (“RSUs”) granted:
	
	Vesting Start Date:

 Vesting Schedule: 
  

			
	 Vesting Date:
	  	 Number of RSUs that Vest:

		  	
		  	
	All vesting is dependent on the Participant remaining an Eligible Participant, as provided herein.

 This grant of RSUs satisfies in full all commitments that the Company has to the Participant with respect to
the issuance of stock, stock options or other equity securities. 
  

							
	  
	 		 	Verve Therapeutics, Inc.
	Signature of Participant	 		 		 	
	  
	 		 	By:	 	  

	Street Address	 		 		 	Name of Officer
	  
	 		 		 	 Title:

	City/State/Zip Code	 		 	

 Verve Therapeutics, Inc. 

Restricted Stock Unit Agreement 

Incorporated Terms and Conditions 

For valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 

1.    Award of Restricted Stock Units. 

In consideration of services rendered and to be rendered to the Company by the Participant, the Company has granted to the Participant, subject
to the terms and conditions set forth in this Restricted Stock Unit Agreement (this “Agreement”) and in the Company’s 2021 Stock Incentive Plan (the “Plan”), an award with respect to the number of restricted
stock units (the “RSUs”) set forth in the Notice of Grant that forms part of this Agreement (the “Notice of Grant”). Each RSU represents the right to receive one share of common stock, $0.001 par value per
share, of the Company (the “Common Stock”) upon vesting of the RSU, subject to the terms and conditions set forth herein. 

2.    Vesting. 

The RSUs shall vest in accordance with the Vesting Schedule set forth in the Notice of Grant (the “Vesting Schedule”). Any
fractional shares resulting from the application of any percentages used in the Vesting Schedule shall be rounded down to the nearest whole number of RSUs. Upon the vesting of the RSU, the Company will deliver to the Participant, for each RSU that
becomes vested, one share of Common Stock, subject to the payment of any taxes pursuant to Section 7. The Common Stock will be delivered to the Participant as soon as practicable following each vesting date, but in any event within 30
days of such date. 
 3.    Forfeiture of Unvested RSUs Upon Cessation of Service. 

In the event that the Participant ceases to be an employee, director or officer of, or consultant or advisor to, the Company or any other
entity the employees, officers, directors, consultants, or advisors of which are eligible to receive awards under the Plan (an “Eligible Participant”) for any reason or no reason, with or without cause, all of the RSUs that are
unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no further rights with
respect to the unvested RSUs or any Common Stock that may have been issuable with respect thereto. If the Participant provides services to a subsidiary of the Company, any references in this Agreement to provision of services to the Company shall
instead be deemed to refer to service with such subsidiary. 
 4.    Restrictions on Transfer. 

The Participant shall not sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of, by operation of law or otherwise
(collectively “transfer”) any RSUs, or any interest therein. The Company shall not be required to treat as the owner of any RSUs or issue any Common Stock to any transferee to whom such RSUs have been transferred in violation of any of the
provisions of this Agreement. 

 5.    Rights as a Stockholder. 

The Participant shall have no rights as a stockholder of the Company with respect to any shares of Common Stock that may be issuable with
respect to the RSUs until the issuance of the shares of Common Stock to the Participant following the vesting of the RSUs. 

6.    Provisions of the Plan. 

This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Agreement. 

7.    Tax Matters. 

(a)    Acknowledgments; No Section 83(b) Election. The Participant acknowledges that he or she is
responsible for obtaining the advice of the Participant’s own tax advisors with respect to the award of RSUs and the Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents
with respect to the tax consequences relating to the RSUs. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant’s tax liability that may arise in connection with the acquisition,
vesting and/or disposition of the RSUs. The Participant acknowledges that no election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), is available with respect to RSUs. 

(b)    Withholding. The Participant acknowledges and agrees that the Company has the right to deduct from payments
of any kind otherwise due to the Participant any federal, state, local or other taxes of any kind required by law to be withheld with respect to the vesting of the RSUs. At such time as the Participant is not aware of any material nonpublic
information about the Company or the Common Stock and is not prohibited from doing so by the Company’s insider trading policy or otherwise, the Participant shall execute the instructions set forth in Schedule A attached hereto (the
“Automatic Sale Instructions”) as the means of satisfying such tax obligation. If the Participant does not execute the Automatic Sale Instructions prior to an applicable vesting date, then the Participant agrees that if under
applicable law the Participant will owe taxes at such 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 required to be withheld by the Company. The
Company shall not deliver any shares of Common Stock to the Participant until it is satisfied that all required withholdings have been made. 

8.    Miscellaneous. 

(a)    No Right to Continued Service. The Participant acknowledges and agrees that, notwithstanding the fact that
the vesting of the RSUs is contingent upon his or her continued service to the Company, this Agreement does not constitute an express or implied promise of continued service relationship with the Participant or confer upon the Participant any rights
with respect to a continued service relationship with the Company or any affiliate of the Company. 

 (b)    Section 409A. The RSUs awarded pursuant to this Agreement
are intended to be exempt from or comply with the requirements of Section 409A of the Code and the Treasury Regulations issued thereunder (“Section 409A”). The delivery of shares of Common Stock on the
vesting of the RSUs may not be accelerated or deferred unless permitted or required by Section 409A. 

(c)    Participant’s Acknowledgments. The Participant acknowledges that he or she: (i) has read this
Agreement; (ii) has been represented in the preparation, negotiation and execution of this Agreement by legal counsel of the Participant’s own choice or has voluntarily declined to seek such counsel; (iii) understands the terms and
consequences of this Agreement; (iv) is agreeing, in accepting this award, to be bound by any clawback policy that the Company has in place or may adopt in the future; and (iv) is fully aware of the legal and binding effect of this
Agreement. 
 (d)    Governing Law. This Agreement shall be construed, interpreted and enforced in accordance
with the internal laws of the State of Delaware without regard to any applicable conflicts of laws provisions. 

 Schedule A 

Automatic Sale Instructions 
 The
undersigned hereby consents and agrees that any taxes due on a vesting date as a result of the vesting of RSUs on such date shall be paid through an automatic sale of shares as follows: 

(a)    Upon any vesting of RSUs pursuant to Section 2 hereof, the Company shall arrange for the sale of such number
of shares of Common Stock issuable with respect to the RSUs that vest pursuant to Section 2 as is sufficient to generate net proceeds sufficient to satisfy the Company’s minimum statutory withholding obligations with respect to the income
recognized by the Participant upon the vesting of the RSUs (based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such income), and the net proceeds of such sale shall
be delivered to the Company in satisfaction of such tax withholding obligations. 
 (b)    The Participant hereby
appoints the Chief Executive Officer, Chief Financial Officer and General Counsel (or, if none, the Chief Operating Officer), and any of them acting alone and with full power of substitution, to serve as his or her attorneys in fact to arrange for
the sale of the Participant’s Common Stock in accordance with this Schedule A. The Participant agrees to execute and deliver such documents, instruments and certificates as may reasonably be required in connection with the sale of the shares
pursuant to this Schedule A. 
 (c)    The Participant represents to the Company that, as of the date hereof, he or she
is not aware of any material nonpublic information about the Company or the Common Stock and is not prohibited from entering into these Automatic Sale Instructions by the Company’s insider trading policy or otherwise. The Participant and the
Company have structured this Agreement, including this Schedule A, to constitute a “binding contract” relating to the sale of Common Stock, consistent with the affirmative defense to liability under Section 10(b) of the Securities
Exchange Act of 1934 under Rule 10b5-1(c) promulgated under such Act. 
 The Company shall not
deliver any shares of Common Stock to the Participant until it is satisfied that all required withholdings have been made. 
  

			
	  

		
	Participant Name:	 	                                      
                                
	
	Date:EX-10.7

 Exhibit 10.7 

Verve Therapeutics, Inc. 
 AMENDED
AND RESTATED 2021 EMPLOYEE STOCK PURCHASE PLAN 
 The purpose of this Amended and Restated 2021 Employee Stock Purchase Plan (this
“Plan”) is to provide eligible employees of Verve Therapeutics, Inc. (the “Company”) and certain of its subsidiaries with opportunities to purchase shares of the Company’s common stock, $0.001 par value per share (the
“Common Stock”), commencing at such time and on such dates as the Board of Directors of the Company (the “Board”) shall determine. Subject to adjustment under Section 15 hereof, the number of shares of Common Stock that have
been approved for this purpose is the sum of: 
 (a)    433,316 shares of Common Stock; plus 

(b)    an annual increase to be added on the first day of each fiscal year, commencing on January 1,
2022 and continuing for each fiscal year until, and including, January 1, 2031, equal to the least of (i) 1,083,290 shares of Common Stock, (ii) 1% of the outstanding shares on such date and (iii) a number of shares of Common Stock
determined by the Board. 
 This Plan is intended to qualify as an “employee stock purchase plan” as defined in Section 423 of the Internal
Revenue Code of 1986, as amended (the “Code”), and the regulations issued thereunder, and shall be interpreted consistent therewith. 

1.    Administration. The Plan will be administered by the Board or by a committee appointed by the Board (the
“Committee”). The Board or the Committee has authority to make rules and regulations for the administration of the Plan and its interpretation and decisions with regard thereto shall be final and conclusive. 

2.    Eligibility. All employees of the Company and all employees of any subsidiary of the Company (as defined in
Section 424(f) of the Code) designated by the Board or the Committee from time to time (a “Designated Subsidiary”), are eligible to participate in any one or more of the offerings of Options (as defined in Section 9) to purchase
Common Stock under the Plan provided that: 
 (a)    they are customarily employed by the Company or a
Designated Subsidiary for more than 20 hours a week and for more than five months in a calendar year; 

(b)    they have been employed by the Company or a Designated Subsidiary for at least one month
prior to enrolling in the Plan; and 
 (c)    they are employees of the Company or a Designated
Subsidiary on the first day of the applicable Plan Period (as defined below). 

 No employee may be granted an Option hereunder if such employee, immediately after the
Option is granted, owns 5% or more of the total combined voting power or value of the stock of the Company or any subsidiary. For purposes of the preceding sentence, the attribution rules of Section 424(d) of the Code shall apply in
determining the stock ownership of an employee, and all stock that the employee has a contractual right to purchase shall be treated as stock owned by the employee. 

The Company retains the discretion to determine which eligible employees may participate in an offering pursuant to and consistent with
Treasury Regulation Sections 1.423-2(e) and (f). 
 3.    Offerings. The
Company will make one or more offerings (“Offerings”) to employees to purchase stock under this Plan. Offerings will begin at such time and on such dates as the Board shall determine, or the first business day thereafter (such dates, the
“Offering Commencement Dates”). Each Offering Commencement Date will begin a six month period (a “Plan Period”) during which payroll deductions will be made and held for the purchase of Common Stock at the end of the Plan Period.
However, the Board or the Committee may, at its discretion, choose a different Plan Period of not more than twelve (12) months for Offerings. 

4.    Participation. An employee eligible on the Offering Commencement Date of any Offering may participate in such
Offering by completing and forwarding either a written or electronic payroll deduction authorization form to the employee’s appropriate payroll office at least 15 days (or such other number of days as is determined by the Company) prior to the
applicable Offering Commencement Date. The form will authorize a regular payroll deduction from the Compensation received by the employee during the Plan Period. Unless an employee files a new form or withdraws from the Plan, his or her
deductions and purchases will continue at the same rate for future Offerings under the Plan as long as the Plan remains in effect. The Board or the Committee shall determine what constitutes “Compensation” for purpose of the Plan. In the
absence of a determination by the Board or the Committee, the term “Compensation” shall mean the amount of money reportable on the employee’s Federal Income Tax Withholding Statement (or analogous
non-U.S. statement), excluding overtime, shift premium, incentive or bonus awards, allowances and reimbursements for expenses such as relocation allowances for travel expenses, income or gains associated with
the grant or vesting of restricted stock, income or gains on the exercise of Company stock options or stock appreciation rights, and similar items, whether or not shown or separately identified on the employee’s Federal Income Tax Withholding
Statement (or analogous non-U.S. statement), but including, in the case of salespersons, sales commissions to the extent determined by the Board or the Committee. 

5.    Deductions. The Company will maintain payroll deduction accounts for all participating employees. With
respect to any Offering made under this Plan, an employee may authorize a payroll deduction in any percentage amount (in whole percentages) up to a maximum of 15% of the Compensation he or she receives during the Plan Period or such shorter period
during which deductions from payroll are made. The Board or the Committee may, at its discretion, designate a lower maximum contribution rate. The minimum payroll deduction is such percentage of Compensation as may be established from time to time
by the Board or the Committee. 

  
 - 2 - 

 6.    Deduction Changes. An employee may decrease or discontinue
his or her payroll deduction once during any Plan Period, by filing either a written or electronic new payroll deduction authorization form, as determined by the Company. However, an employee may not increase his or her payroll deduction
during a Plan Period. If an employee elects to discontinue his or her payroll deductions during a Plan Period, but does not elect to withdraw his or her funds pursuant to Section 8 hereof, funds deducted prior to his or her election to
discontinue will be applied to the purchase of Common Stock on the Exercise Date (as defined below). 

7.    Interest. Interest will not be paid on any employee accounts, except to the extent that the Board or the
Committee, in its sole discretion, elects to credit employee accounts with interest at such rate as it may from time to time determine. 

8.    Withdrawal of Funds. An employee may at any time prior to the close of business on the fifteenth business day
prior to the end of a Plan Period (or such other number of days as is determined by the Company) and for any reason permanently draw out the balance accumulated in the employee’s account and thereby withdraw from participation in an Offering.
Partial withdrawals are not permitted. The employee may not begin participation again during the remainder of the Plan Period during which the employee withdrew his or her balance. The employee may participate in any subsequent Offering in
accordance with terms and conditions established by the Board or the Committee. 
 9.    Purchase of Shares. 

(a)    Number of Shares. On the Offering Commencement Date for the applicable Plan Period, the Company will grant to
each eligible employee who is then a participant in the Plan an option (an “Option”) to purchase on the last business day of such Plan Period (the “Exercise Date”) at the applicable purchase price (the “Option Price”)
up to that whole number of shares of Common Stock determined by multiplying $2,083 by the number of full months in the Plan Period and dividing the result by the closing price (as determined below) on the Offering Commencement Date; provided,
however, that no employee may be granted an Option which permits his or her rights to purchase Common Stock under this Plan and any other employee stock purchase plan (as defined in Section 423(b) of the Code) of the Company and its
subsidiaries, to accrue at a rate which exceeds $25,000 of the fair market value of such Common Stock (determined at the date such Option is granted) for each calendar year in which the Option is outstanding at any time; and, provided, further,
however, that the Board or the Committee may, in its discretion, in lieu of the number of shares of Common Stock determined by using the formula in the first clause of this Section 9(a), set a fixed maximum number of shares of Common Stock that
each eligible employee may purchase per Plan Period which number shall be subject to the second clause of this Section 9(a). 

(b)    Option Price. The Board or the Committee shall determine the Option Price for each Plan Period, including
whether such Option Price shall be determined based on the lesser of the closing price of the Common Stock on (i) the first business day of the Plan Period or (ii) the Exercise Date, or shall be based solely on the closing price of the
Common Stock on the Exercise Date; provided, however, that such Option Price shall be at least 85% of the applicable closing price. In the absence of a determination by the Board or the Committee, the Option Price will be 85% of the lesser of the
closing price of the Common Stock on (i) the first business day 

  
 - 3 - 

 
of the Plan Period or (ii) the Exercise Date. The closing price shall be (a) the closing price (for the primary trading session) on any national securities exchange on which the Common
Stock is listed or (b) the average of the closing bid and asked prices in the over-the-counter-market, whichever is applicable, as published in The Wall Street
Journal or another source selected by the Board or the Committee; provided that, if the Board or the Committee, in its discretion, determines that the first Plan Period shall begin on the first date that the Common Stock is publicly traded
following the Company’s initial public offering (the “IPO”), the closing price on the Offering Commencement Date of such first Plan Period shall be the price at which the shares of Common Stock are sold by the underwriters to the
public in the IPO as provided for in the underwriting agreement entered into by the Company in connection with the IPO. If no sales of Common Stock were made on such a day, the price of the Common Stock shall be the reported price for the next
preceding day on which sales were made. 
 (c)    Exercise of Option. Each employee who continues to be a
participant in the Plan on the Exercise Date shall be deemed to have exercised his or her Option at the Option Price on such date and shall be deemed to have purchased from the Company the number of whole shares of Common Stock reserved for the
purpose of the Plan that his or her accumulated payroll deductions on such date will pay for, but not in excess of the maximum numbers determined in the manner set forth above. 

(d)    Return of Unused Payroll Deductions. Any balance remaining in an employee’s payroll deduction account
at the end of a Plan Period will be automatically refunded to the employee, except that any balance that is less than the purchase price of one share of Common Stock will be carried forward into the employee’s payroll deduction account for the
following Offering, unless the employee elects not to participate in the following Offering under the Plan, in which case the balance in the employee’s account shall be refunded. 

10.    Issuance of Certificates. Certificates representing shares of Common Stock purchased under the Plan may be
issued only in the name of the employee, in the name of the employee and another person of legal age as joint tenants with rights of survivorship, or (in the Company’s sole discretion) in the name of a brokerage firm, bank, or other nominee
holder designated by the employee. The Company may, in its sole discretion and in compliance with applicable laws, authorize the use of book entry registration of shares in lieu of issuing stock certificates. 

11.    Rights on Retirement, Death or Termination of Employment. If a participating employee’s employment ends
before the last business day of a Plan Period such that the participating employee is no longer employed by the Company or any Designated Subsidiary, no payroll deduction shall be taken from any pay then due and owing to the employee and the
balance in the employee’s account shall be paid to the employee. In the event of the employee’s death before the last business day of a Plan Period, the Company shall, upon notification of such death, pay the balance of the employee’s
account (a) to the executor or administrator of the employee’s estate or (b) if no such executor or administrator has been appointed to the knowledge of the Company, to such other person(s) as the Company may, in its discretion,
designate. If, before the last business day of the Plan Period, the Designated Subsidiary by which an employee is employed ceases to be a subsidiary of the Company, or if the employee is transferred to a subsidiary of the Company that is not a
Designated Subsidiary, the employee shall be deemed to have terminated employment for the purposes of this Plan. 

  
 - 4 - 

 12.    Optionees Not Stockholders. Neither the granting of
an Option to an employee nor the deductions from his or her pay shall make such employee a stockholder of the shares of Common Stock covered by an Option under this Plan until he or she has purchased and received such shares. 

13.    Options Not Transferable. Options under this Plan are not transferable by a participating employee other
than by will or the laws of descent and distribution, and are exercisable during the employee’s lifetime only by the employee. 

14.    Application of Funds. All funds received or held by the Company under this Plan may be combined with other
corporate funds and may be used for any corporate purpose. 
 15.    Adjustment for Changes in Common Stock and
Certain Other Events. 
 (a)    Changes in Capitalization. In the event of any stock split, reverse stock
split, stock dividend, recapitalization, combination of shares, reclassification of shares, spin-off or other similar change in capitalization or event, or any dividend or distribution to holders of Common
Stock other than an ordinary cash dividend, (i) the number and class of securities available under this Plan, (ii) the share limitations set forth in Section 9, and (iii) the Option Price shall be equitably adjusted to the extent
determined by the Board or the Committee. 
 (b)    Reorganization Events. 

(1)    Definition. A “Reorganization Event” shall mean: (a) any merger or consolidation of the
Company with or into another entity as a result of which all of the Common Stock of the Company is converted into or exchanged for the right to receive cash, securities or other property or is cancelled, (b) any transfer or disposition of all
of the Common Stock of the Company for cash, securities or other property pursuant to a share exchange or other transaction or (c) any liquidation or dissolution of the Company. 

(2)    Consequences of a Reorganization Event on Options. In connection with a Reorganization Event, the Board or
the Committee may take any one or more of the following actions as to outstanding Options on such terms as the Board or the Committee determines: (i) provide that Options shall be assumed, or substantially equivalent Options shall be
substituted, by the acquiring or succeeding corporation (or an affiliate thereof), (ii) upon written notice to employees, provide that all outstanding Options will be terminated immediately prior to the consummation of such Reorganization Event
and that all such outstanding Options will become exercisable to the extent of accumulated payroll deductions as of a date specified by the Board or the Committee in such notice, which date shall not be less than ten (10) days preceding the
effective date of the Reorganization Event (or such other number of days as is determined by the Board or the Committee), (iii) upon written notice to employees, provide that all outstanding Options will be cancelled as of a date prior to the
effective date of the Reorganization Event and that all accumulated payroll deductions will be returned to participating employees on such date, (iv) in the event of a Reorganization Event under the terms

  
 - 5 - 

 
of which holders of Common Stock will receive upon consummation thereof a cash payment for each share surrendered in the Reorganization Event (the “Acquisition Price”), change the last
day of the Plan Period to be the date of the consummation of the Reorganization Event and make or provide for a cash payment to each employee equal to (A) (1) the Acquisition Price times (2) the number of shares of Common Stock that the
employee’s accumulated payroll deductions as of immediately prior to the Reorganization Event could purchase at the Option Price, where the Acquisition Price is treated as the fair market value of the Common Stock on the last day of the
applicable Plan Period for purposes of determining the Option Price under Section 9(b) hereof, and where the number of shares that could be purchased is subject to the limitations set forth in Section 9(a), minus (B) the result of
multiplying such number of shares by such Option Price, (v) provide that, in connection with a liquidation or dissolution of the Company, Options shall convert into the right to receive liquidation proceeds (net of the Option Price thereof) and
(vi) any combination of the foregoing. 
 For purposes of clause (i) above, an Option shall be considered assumed if, following
consummation of the Reorganization Event, the Option confers the right to purchase, for each share of Common Stock subject to the Option immediately prior to the consummation of the Reorganization Event, the consideration (whether cash, securities
or other property) received as a result of the Reorganization Event by holders of Common Stock for each share of Common Stock held immediately prior to the consummation of the Reorganization Event (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Common Stock); provided, however, that if the consideration received as a result of the Reorganization Event is not solely common stock of the
acquiring or succeeding corporation (or an affiliate thereof), the Company may, with the consent of the acquiring or succeeding corporation, provide for the consideration to be received upon the exercise of Options to consist solely of such number
of shares of common stock of the acquiring or succeeding corporation (or an affiliate thereof) that the Board determines to be equivalent in value (as of the date of such determination or another date specified by the Board) to the per share
consideration received by holders of outstanding shares of Common Stock as a result of the Reorganization Event. 

16.    Amendment of the Plan. The Board may at any time, and from time to time, amend or suspend this Plan or any
portion thereof, except that (a) if the approval of any such amendment by the shareholders of the Company is required by Section 423 of the Code, such amendment shall not be effected without such approval, and (b) in no event may any
amendment be made that would cause the Plan to fail to comply with Section 423 of the Code. 

17.    Insufficient Shares. If the total number of shares of Common Stock specified in elections to be purchased
under any Offering plus the number of shares purchased under previous Offerings under this Plan exceeds the maximum number of shares issuable under this Plan, the Board or the Committee will allot the shares then available on a pro-rata basis. 
 18.    Termination of the Plan. This Plan may be terminated
at any time by the Board. Upon termination of this Plan all amounts in the accounts of participating employees shall be promptly refunded. 

  
 - 6 - 

 19.    Governmental Regulations. The Company’s obligation
to sell and deliver Common Stock under this Plan is subject to listing on a national stock exchange (to the extent the Common Stock is then so listed or quoted) and the approval of all governmental authorities required in connection with the
authorization, issuance or sale of such stock. 
 20.    Governing Law. The Plan shall be governed by Delaware
law except to the extent that such law is preempted by federal law. 
 21.    Issuance of Shares. Shares may be
issued upon exercise of an Option from authorized but unissued Common Stock, from shares held in the treasury of the Company, or from any other proper source. 

22.    Notification upon Sale of Shares. Each employee agrees, by participating in the Plan, to promptly give the
Company notice of any disposition of shares purchased under the Plan where such disposition occurs within two years after the date of grant of the Option pursuant to which such shares were purchased. 

23.    Special Provisions for First Plan Period. Should the Board or the Committee, in its discretion, determine
that the first Plan Period shall begin on the first date that the Common Stock is publicly traded following the Company’s IPO, the following provisions of this Section 23 shall apply with respect to such first Plan Period notwithstanding
any provision of the Plan to the contrary: 
 Every eligible employee shall automatically become a participant in the Plan for the first
Plan Period at the highest percentage of Compensation permitted under Section 5. No payroll deductions shall be required for the first Plan Period; however, a participant may, at any time after the effectiveness of the Plan’s Registration
Statement on Form S-8, elect to have payroll deductions up to the aggregate amount that would have been credited to his or her account if a deduction of 15% of the Compensation that he or she received on each
pay day during the first Plan Period had been made (the “Maximum Amount”) or decline to participate by filing an appropriate subscription agreement. 

Upon the automatic exercise of a participant’s option on the Exercise Date for the first Plan Period, a participant shall be permitted to
purchase shares with (i) the accumulated payroll deductions in his or her account, if any, (ii) a direct payment from the participant, or (iii) a combination thereof; provided, however that the total amount applied to the purchase may
not exceed the Maximum Amount. 
 24.     Grants to Employees in Foreign Jurisdictions. The Company may, to
comply with the laws of a foreign jurisdiction, grant Options to employees of the Company or a Designated Subsidiary who are citizens or residents of such foreign jurisdiction (without regard to whether they are also citizens of the United States or
resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) with terms that are less favorable (but not more favorable) than the terms of Options granted under the Plan to employees of the Company or a Designated Subsidiary who
are resident in the United States. Notwithstanding the preceding provisions of this Plan, employees of the Company or a Designated Subsidiary who are citizens or residents of a foreign jurisdiction (without regard to whether they are also citizens
of the United States or 

  
 - 7 - 

 
resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded from eligibility under the Plan if (a) the grant of an Option under the Plan to a citizen or
resident of the foreign jurisdiction is prohibited under the laws of such jurisdiction or (b) compliance with the laws of the foreign jurisdiction would cause the Plan to violate the requirements of Section 423 of the Code. The Company may
add one or more appendices to this Plan describing the operation of the Plan in those foreign jurisdictions in which employees are excluded from participation or granted less favorable Options. 

24.    Authorization of Sub-Plans. The Board may from time to time
establish one or more sub-plans under the Plan with respect to one or more Designated Subsidiaries, provided that such sub-plan complies with Section 423 of the
Code. 
 25.    Withholding. If applicable tax laws impose a tax withholding obligation, each affected employee
shall, no later than the date of the event creating the tax liability, make provision satisfactory to the Board for payment of any taxes required by law to be withheld in connection with any transaction related to Options granted to or shares
acquired by such employee pursuant to the Plan. The Company may, to the extent permitted by law, deduct any such taxes from any payment of any kind otherwise due to an employee. 

26.    Effective Date and Approval of Shareholders. The Plan shall take effect as of immediately prior to the
effectiveness of the Company’s registration statement with respect to its IPO, subject to approval by the shareholders of the Company as required by Section 423 of the Code, which approval must occur within twelve months of the adoption of
the Plan by the Board. 
  

	
	Adopted by the Board of Directors on
	June 3, 2021
	
	Approved by the stockholders on
	June 8, 2021
	
	Amended and restated by the Board of Directors on June 10, 2021

  
 - 8 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]