Document:

EX-10.6

 Exhibit 10.6 

WEREWOLF THERAPEUTICS, INC. 

RESTRICTED STOCK AGREEMENT 

Werewolf Therapeutics, Inc. (the “Company”) hereby grants the following award of restricted stock 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 shares of the restricted common stock, $0.0001 par value per share (the “Common Stock”) awarded (“Restricted Shares”):	 	
		
	Vesting Start Date:	 	

 Vesting Schedule: 
  

			
	Vesting Date:	  	Number of Shares that Vest:
		  	
	All vesting is dependent on the Participant remaining an Eligible Participant, as provided herein.

 This restricted stock award 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. 
  

							
	  
	 		  	Werewolf Therapeutics, Inc.
	Signature of Participant	 		  		  	
	  
	 		  		  	
	Street Address	 	        	  	By:	  	  

	  
	 		  		  	 Name of Officer

Title:

	City/State/Zip Code	 	

 Werewolf Therapeutics, Inc. 

Restricted Stock Agreement 

Incorporated Terms and Conditions 
 For
valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 
 1. Issuance of Restricted Shares.

 (a) 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 in this Restricted Stock Agreement (this “Agreement”) and in the Company’s 2021 Stock Incentive Plan (the “Plan”), an award of Restricted Shares as set forth in
the Notice of Grant that forms part of this Agreement (the “Notice of Grant”) effective as of the Grant Date set forth on the Notice of Grant. 

(b) The Restricted Shares will be issued by the Company in book entry form only, in the name of the Participant. The Participant agrees that
the Restricted Shares shall be subject to the forfeiture provisions set forth in Section 3 of this Agreement and the restrictions on transfer set forth in Section 4 of this Agreement. 

2. Vesting Schedule. The Restricted Shares shall vest in accordance with Vesting Schedule set forth in the Notice of Grant (the
“Vesting Schedule”). Any fractional number of Restricted Shares resulting from the application of any percentages used in the Vesting Schedule shall be rounded down to the nearest whole number of Restricted Shares. 

3. Forfeiture of Unvested Restricted Shares Upon Cessation of Service. In the event that the Participant ceases to be an Eligible
Participant (as defined below) for any reason or no reason, with or without cause, all of the Restricted Shares 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 any Restricted Shares that are so forfeited. The Participant shall be an “Eligible Participant” if
he or she is 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 of restricted stock under the Plan.

 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 Restricted Shares, or any interest therein, until such Restricted Shares have vested. The Company shall not be required to (i) transfer on its books any of the
Restricted Shares which have been transferred in violation of any of the provisions of this Agreement or (ii) treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in
violation of any of the provisions of this Agreement. 

 5. Restrictive Legends. 

The book entry account reflecting the issuance of the Restricted Shares in the name of the Participant shall bear a legend or other notation
upon substantially the following terms: 
 “These shares of stock are subject to forfeiture provisions and restrictions on transfer set
forth in a certain Restricted Stock Agreement between the corporation and the registered owner of these shares (or his or her predecessor in interest), and such Agreement is available for inspection without charge at the office of the Secretary of
the corporation.” 
 6. Rights as a Stockholder. Except as otherwise provided in this Agreement, for so long as the Participant
is the registered owner of the Restricted Shares, the Participant shall have all rights as a shareholder with respect to the Restricted Shares, whether vested or unvested, including, without limitation, rights to vote the Restricted Shares and act
in respect of the Restricted Shares at any meeting of shareholders; provided that the payment of dividends on unvested Restricted Shares shall be deferred until, and shall only be paid at, such time as the shares vest. 

7. 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. 
 8. Tax Matters. 

(a) Acknowledgments; 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 acquisition of the Restricted Shares 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 Restricted Shares. 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 Restricted Shares. 
 THE PARTICIPANT ACKNOWLEDGES HE OR SHE SHALL NOT MAKE AN ELECTION UNDER SECTION
83(b) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 
 (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 issuance or vesting of the Restricted Shares. 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 remove the restrictive legend described in Section 5 hereof from any shares of Common Stock until it is satisfied that all required withholdings have been made.

 9. Miscellaneous 

(a) No Right to Continued Service. The Participant acknowledges and agrees that, notwithstanding the fact that the vesting of Restricted
Shares 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. 
 (b) 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 (v) is fully aware of the
legal and binding effect of this Agreement. 
 (c) 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 Restricted Shares on such date
shall be paid through an automatic sale of shares as follows: 
 (a) Upon any vesting of any Restricted Shares pursuant to Section 2
hereof, the Company shall arrange for the sale of such number of the Restricted Shares no longer subject to the transferability restrictions and forfeiture provisions under Section 3 and 4 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 lapse of the transfer restrictions and forfeiture provisions (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 Company’s Chief Executive Officer and Chief Financial Officer, and either 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 remove the restrictive legend described in Section 5 of this Agreement from any Common Stock until it is satisfied
that all required withholdings have been made. 
  

	
	                                      
                              
	
	Participant Name:
                                      
	
	Date:EX-10.7

 Exhibit 10.7 

WEREWOLF THERAPEUTICS, INC. 

RESTRICTED STOCK UNIT AGREEMENT 

Werewolf 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. 
  

							
	  
	 		  	 Werewolf Therapeutics, Inc.

	Signature of Participant	 		  		  	
	  
	 		  		  	
	Street Address	 	        	  	By:	  	  

	  
	 		  		  	 Name of Officer

Title:

	City/State/Zip Code	 	

 Werewolf 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, $0.0001 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 Company’s Chief Executive
Officer and Chief Financial Officer, and either 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: __________________________

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