Document:

ex10305

                                                                                                                                                                                                                                        April 2, 2019                            FORM OF 2019 Long Term Incentive Award Letter   Dear First Name,   I am pleased to inform you that you have received a Grant of Units in the amounts set forth below. These  Units entitle you to receive Constellium Shares (or a cash equivalent, at Constellium’s discretion), subject  to the terms and conditions set forth in this Award Letter, in the Constellium 2018 Long Term Incentive  Award Agreement (the “Award Agreement”) and the 2013 Constellium Equity Incentive Plan (the “Plan”).  Capitalized Terms used in this Award Letter, unless so defined herein, shall have the meanings found in  the Award Agreement or Plan.    Grant Date                                       April 1, 2019    Award Value                                      $XX,XXX     Restricted Stock Units (RSUs)                    Y,YYY    Vesting Date                                     April 1, 2022    Vesting Period                                   From the Grant Date through the Vesting Date   Please note that the vesting of the RSUs and the delivery of Shares (or a cash equivalent in respect of such  RSUs) is subject to the satisfaction of the Continued Service Condition.    You acknowledge that you have received a copy of, or have online access to, the Award Agreement and  the Plan, and hereby accept the Units granted, subject to all the terms and provisions of this Award Letter,  the Award Agreement and the Plan. The Board or the Committee shall determine whether an event has  occurred  resulting  in  the  forfeiture  of  your  Units  and  any  Shares  issuable  thereunder  and  all  such  determinations shall be final and conclusive. You also acknowledge that this award and similar awards are  made on a selective basis and are, therefore, to be kept confidential.    Very truly yours                                    Agreed and Accepted                                                                                    Ryan Jurkovic                                       First Name Last Name  Senior Vice President                                   Chief Human Resources Officer                       Date (mm/dd/yyyy):                                                                         2019 LTIP Award Letter                                                      Last Name, First Nameex10306

                                                                                                                                                                                                                                                                                              April 2, 2019                                 FORM OF 2019 Long Term Incentive Award Letter     Dear First Name,    I am pleased to inform you that you have received a Grant of Units in the amounts set forth below. These  Units entitle you to receive Constellium Shares (or a cash equivalent, at Constellium’s discretion), subject  to the terms and conditions set forth in this Award Letter, in the Constellium 2018 Long Term Incentive  Award Agreement (the “Award Agreement”) and the 2013 Constellium Equity Incentive Plan (the “Plan”).  Capitalized Terms used in this Award Letter, unless so defined herein, shall have the meanings found in  the Award Agreement or Plan.     Grant Date                                       April 1, 2019   Award Value                                      $X,XXX,XXX   Total Units Granted                              TOTAL (= YYY,YYY + ZZZ,ZZZ)    Restricted Stock Units (RSUs)                   YYY,YYY    Performance Share Units (PSUs) - Base Amount    ZZZ,ZZZ                                                    S&P MidCap 400 Materials Index;    Indices/Comparator Group                                                    S&P SmallCap 600 Materials Index   Initial price on the Grant Date                  CSTM share price: $8.68 (20-day average)   Vesting Date                                     April 1, 2022   Vesting Period / Performance Period              From the Grant Date through the Vesting Date    Please note that the vesting of the RSUs and PSUs and the delivery of Shares (or a cash equivalent in  respect of such RSUs and PSUs) is subject to the satisfaction of the Continued Service Condition. The  vesting of the PSUs is, in addition, subject to the satisfaction of the Performance Condition. The level of  achievement of the Performance Condition shall be determined by comparing the Constellium TSR to the  average of the TSRs of the two Indices (i.e., the Comparator Group) at the end of the relevant Performance  Period as follows:      Performance Condition Achievement Level           Number of Shares underlying PSUs   Constellium TSR is below the average of the two                                                     PSU Base Amount x 0%   25th percentile TSRs of the Comparator Group   Constellium TSR is at the average of the two 25th                                                     PSU Base Amount x 25%   percentile TSRs of the Comparator Group   Constellium TSR is between the average of the                                                     PSU Base Amount x (linear interpolation between   two 25th percentile TSRs & the average of the two                                                     25% and 100%)   median TSRs of the Comparator Group   Constellium TSR is at the average of the two                                                     PSU Base Amount x 100%   median TSRs of the Comparator Group   Constellium TSR is between the average of the                                                     PSU Base Amount x (linear interpolation between   two median TSRs & the average of the two 75th                                                     100% and 200%)   percentile TSRs of the Comparator Group   Constellium TSR is at or above the average of the                                                     PSU Base Amount x 200%   two 75th percentile TSRs of the Comparator Group               2019 LTIP Award Letter                                                      Last Name, First Name    

 

                                        Notwithstanding  the  foregoing,  if  the  Constellium  TSR  is  negative,  the  number  of  Shares  (or  a  cash  equivalent) eligible to be delivered in respect of the PSUs shall be capped at 100% of the Base Amount.    You acknowledge that you have received a copy of, or have online access to, the Award Agreement and  the Plan, and hereby accept the Units granted, subject to all the terms and provisions of this Award Letter,  the Award Agreement and the Plan. The Board or the Committee shall determine whether an event has  occurred  resulting  in  the  forfeiture  of  your  Units  and  any  Shares  issuable  thereunder  and  all  such  determinations shall be final and conclusive. You also acknowledge that this award and similar awards are  made on a selective basis and are, therefore, to be kept confidential.     Very truly yours                                    Agreed and Accepted                                                                                                                                  Ryan Jurkovic                                       First Name Last Name  Senior Vice President                                  Chief Human Resources Officer                       Date (mm/dd/yyyy):                                                                                                                                                                                                                                                            2019 LTIP Award Letter                                                      Last Name, First NameOrgenesis Inc.: Exhibit 4.1 - Filed by newsfilecorp.com

Exhibit 4.1
DESCRIPTION OF THE REGISTRANT'S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934
As of March 9, 2020, Orgenesis Inc. ("Orgenesis," "we," "us" or the "Company") had one class of securities registered under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"):  Common Stock, $0.0001 par value per share ("Common Stock").  Each of the Company's securities registered under Section 12(b) of the Exchange Act are listed on The Nasdaq Capital Market.
General
As of the date of this Annual Report on Form 10-K, our authorized capital stock consists of 145,833,334 shares of common stock, $0.0001 par value per share.  As of March 9, 2020, there were 18,361,050 shares of our common stock outstanding.
In addition, as of the date of this Annual Report on Form 10-K, we had issued and outstanding:
	options to purchase 2,200,000 shares of our common stock, at a weighted average exercise price of $4.20 per share; and

	warrants to purchase 1,327,428 shares of our common stock, at a weighted average exercise price of $5.65 per share.

The following summary description of our capital stock is based on the provisions of our certificate of incorporation and bylaws, the applicable provisions of the Nevada Revised Business Corporations Act, and the agreements described below.  This information may not be complete in all respects and is qualified entirely by reference to the provisions of our certificate of incorporation and bylaws, Nevada law and such agreements.
Common Stock
Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the stockholders including the election of directors. Except as otherwise required by law the holders of our common stock possess all voting power. According to our bylaws, when a quorum is present or represented at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy shall be sufficient to elect members of the Board of Directors or to decide any question brought before such meeting, unless the question is one upon which by express provision of the statutes or of the Articles of Incorporation, a different vote is required in which case such express provision shall govern and control the decision of such question.. Our bylaws provide that stockholders holding at least 33.3% of the shares entitled to vote, represented in person or by proxy, constitute a quorum at the meeting of our stockholders. Our bylaws also provide that any action which may be taken by the vote of the stockholders at a meeting may be taken without a meeting if authorized by the written consent of stockholders holding at least a majority of the voting power, unless the provisions of the statutes or of the Articles of Incorporation require a greater proportion of voting power to authorize such action in which case such greater proportion of written consents shall be required.
Our articles of incorporation and bylaws do not provide for cumulative voting in the election of directors. Because the holders of our common stock do not have cumulative voting rights and directors are generally to be elected by a majority of the votes casts with respect to the directors at any meeting of our stockholders for the election of directors, holders of more than fifty percent, and in some cases less than 50%, of the issued and outstanding shares of our common stock can elect all of our directors. 
Dividend Rights
The holders of our common stock are entitled to receive such dividends as may be declared by our board of directors out of funds legally available for dividends. Our board of directors is not obligated to declare a dividend. Any future dividends will be subject to the discretion of our board of directors and will depend upon, among other things, future earnings, the operating and financial condition of our company, its capital requirements, general business conditions and other pertinent factors. We do not anticipate that dividends will be paid in the foreseeable future.

Miscellaneous Rights and Provisions
In the event of our liquidation or dissolution, whether voluntary or involuntary, each share of our common stock is entitled to share ratably in any assets available for distribution to holders of our common stock after satisfaction of all liabilities.
Our common stock is not convertible or redeemable and has no preemptive, subscription or conversion rights. There are no conversions, redemption, sinking fund or similar provisions regarding our common stock.
Our common stock, after the fixed consideration thereof has been paid or performed, are not subject to assessment, and the holders of our common stock are not individually liable for the debts and liabilities of our company.
Our bylaws provide that our board of directors may amend our bylaws by a majority vote of our board of directors including any bylaws adopted by our stockholders, but our stockholders may from time to time specify particular provisions of these bylaws, which must not be amended by our board of directors. Our current bylaws were adopted by our board of directors. Therefore, our board of directors can amend our bylaws to make changes to the provisions relating to the quorum requirement and votes requirements to the extent permitted by the Nevada Revised Statutes.
Transfer Agent and Registrar 
The transfer agent and registrar for our common stock is Securities Transfer Corporation located at 2591 Dallas Parkway, Suite 102, Frisco, TX 75034.

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