Document:

EX-10.9

 Exhibit 10.9 

 

LATCH, INC. 

2021 INCENTIVE AWARD PLAN 

RESTRICTED STOCK UNIT GRANT NOTICE 

Capitalized terms not specifically defined in this Restricted Stock Unit Grant Notice (the “Grant Notice”) have the
meanings given to them in the 2021 Incentive Award Plan (as may be amended from time to time, the “Plan”) of Latch, Inc. (the “Company”). 

The Company has granted to the participant listed below (“Participant”) the Restricted Stock Units described in this
Grant Notice (the “RSUs”), subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement attached as Exhibit A (the “Agreement”), both of which are incorporated into
this Grant Notice by reference. 
  

			
		
	Participant:	  	See E*TRADE
		
	Grant Date:	  	See E*TRADE
		
	Number of RSUs:	  	See E*TRADE
		
	Vesting Commencement Date:	  	See E*TRADE
		
	Vesting Schedule:	  	See E*TRADE

 By accepting (whether in writing, electronically or otherwise) the RSUs, Participant agrees to be bound by the
terms of this Grant Notice, the Plan and the Agreement. Participant has reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully
understands all provisions of the Plan, this Grant Notice and the Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this
Grant Notice or the Agreement. 
  

							
	LATCH, INC.	 		  	PARTICIPANT
				
	By:	 	  
	 		  	  

	Name:	 	  
	 		  	See E*TRADE
	Title:	 	  
	 		  	

 Exhibit A 

RESTRICTED STOCK UNIT AGREEMENT 

Capitalized terms not specifically defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant
Notice, in the Plan. 
 ARTICLE I. 

GENERAL 

1.1    Award of RSUs. The Company has granted the RSUs to Participant effective as of the grant date set forth in
the Grant Notice (the “Grant Date”). Each RSU represents the right to receive one Share or, at the option of the Company, an amount of cash, in either case, as set forth in this Agreement. Participant will have no right to
the distribution of any Shares or payment of any cash until the time (if ever) the RSUs have vested. 

1.2    Incorporation of Terms of Plan. The RSUs are subject to the terms and conditions set forth in this Agreement
and the Plan, which is incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control. 

1.3    Unsecured Promise. The RSUs will at all times prior to settlement represent an unsecured Company obligation
payable only from the Company’s general assets. 
 ARTICLE II. 

VESTING; FORFEITURE AND SETTLEMENT 

2.1    Vesting; Forfeiture. The RSUs will vest according to the vesting schedule in the Grant Notice except that
any fraction of an RSU that would otherwise be vested will be accumulated and will vest only when a whole RSU has accumulated. In the event of Participant’s Termination of Service for any reason, all unvested RSUs will immediately and
automatically be cancelled and forfeited, except as otherwise determined by the Administrator or provided in a binding written agreement between Participant and the Company. 

2.2    Settlement. 

(a)    RSUs will be paid in Shares or cash at the Company’s option as soon as administratively practicable after the
vesting of the applicable RSU, but in no event more than sixty (60) days after the RSU’s vesting date. Notwithstanding the foregoing, the Company may delay any payment under this Agreement that the Company reasonably determines would
violate Applicable Law until the earliest date the Company reasonably determines the making of the payment will not cause such a violation (in accordance with Treasury Regulation
Section 1.409A-2(b)(7)(ii)), provided the Company reasonably believes the delay will not result in the imposition of excise taxes under Section 409A. 

(b)    If an RSU is paid in cash, the amount of cash paid with respect to the RSU will equal the Fair Market Value of a
Share on the day immediately preceding the payment date. 

 ARTICLE III. 

TAXATION AND TAX WITHHOLDING 

3.1    Representation. Participant represents to the Company that Participant has reviewed with Participant’s
own tax advisors the tax consequences of this Award and the transactions contemplated by the Grant Notice and this Agreement. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its
agents. 
 3.2    Tax Withholding. 

(a)    The Company has the right and option, but not the obligation, to treat Participant’s failure to provide timely
payment in accordance with the Plan of any withholding tax arising in connection with the RSUs as Participant’s election to satisfy all or any portion of the withholding tax by requesting the Company retain Shares otherwise issuable under the
Award. 
 (b)    Participant acknowledges that Participant is ultimately liable and responsible for all taxes owed in
connection with the RSUs, regardless of any action the Company or any Subsidiary takes with respect to any tax withholding obligations that arise in connection with the RSUs. Neither the Company nor any Subsidiary makes any representation or
undertaking regarding the treatment of any tax withholding in connection with the awarding, vesting or payment of the RSUs or the subsequent sale of Shares. The Company and the Subsidiaries do not commit and are under no obligation to structure the
RSUs to reduce or eliminate Participant’s tax liability. 
 ARTICLE IV. 

OTHER PROVISIONS 

4.1    Adjustments. Participant acknowledges that the RSUs, the Shares subject to the RSUs are subject to
adjustment, modification and termination in certain events as provided in this Agreement and the Plan. 

4.2    Forfeiture and Claw-Back. Participant acknowledges and agrees that the RSUs (including any proceeds, gains
or other economic benefit actually or constructively received by Participant upon any receipt RSUs) shall be subject to the provisions of any claw-back policy implemented by the Company or any Subsidiary, including, without limitation, any claw-back
policy adopted to comply with the requirements of applicable law, including without limitation the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder. 

4.3    Notices. Any notice to be given under the terms of this Agreement to the Company must be in writing and
addressed to the Company in care of the Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address or facsimile number. Any notice to be given under the terms of this Agreement to Participant
must be in writing and addressed to Participant (or, if Participant is then deceased, to the Designated Beneficiary) at Participant’s last known mailing address, email address or facsimile number in the Company’s personnel files. By a
notice given pursuant to this Section, either party may designate a different address for notices to be given to that party. Any notice will be deemed duly given when actually received, when sent by email, when sent by certified mail (return receipt
requested) and deposited 

  
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with postage prepaid in a post office or branch post office regularly maintained by the United States Postal Service, when delivered by a nationally recognized express shipping company or upon
receipt of a facsimile transmission confirmation. 
 4.4    Titles. Titles are provided herein for convenience
only and are not to serve as a basis for interpretation or construction of this Agreement. 
 4.5    Conformity to
Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary
to conform to Applicable Laws. 
 4.6    Successors and Assigns. The Company may assign any of its rights under
this Agreement to single or multiple assignees, and this Agreement will inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in this Agreement or the Plan, this Agreement will be
binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

4.7    Limitations Applicable to Section 16 Persons. Notwithstanding any other
provision of the Plan or this Agreement, if Participant is a Section 16 Person, the Plan, the Grant Notice, this Agreement and the RSUs will be subject to any additional limitations set forth in any applicable exemptive rule under
Section 16 of the Exchange Act (including any amendment to Rule 16b-3) that are requirements for the application of such exemptive rule. To the extent Applicable Laws permit, this Agreement will be deemed
amended as necessary to conform to such applicable exemptive rule. 
 4.8    Entire Agreement. The Plan, the
Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter
hereof. 
 4.9    Agreement Severable. In the event that any provision of the Grant Notice or this Agreement is
held illegal or invalid, the provision will be severable from, and the illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement. 

4.10    Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other
than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any
assets. Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares
as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreement. 

4.11    Not a Contract of Employment. Nothing in the Plan, the Grant Notice or this Agreement confers upon
Participant any right to continue in the employ or service of the Company or any Subsidiary or interferes with or restricts in any way the rights of the Company and its 

  
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Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without Cause, except to the extent
expressly provided otherwise in a written agreement between the Company or a Subsidiary and Participant. 

4.12    Counterparts. The Grant Notice may be executed in one or more counterparts, including by way of any
electronic signature, subject to Applicable Law, each of which will be deemed an original and all of which together will constitute one instrument. 

4.13    Restrictions. In the event the Shares are no longer registered with the United States Securities and
Exchange Commission (as determined by the Administrator), any Shares acquired in respect of the RSUs shall be subject to such terms and conditions as the Administrator shall determine, including, without limitation, restrictions on the
transferability, repurchase rights, the right of the Company to require that Shares be transferred in the event of certain transactions, rights of first refusal, tag-along rights, bring-along rights,
redemption and co-sale rights and voting requirements. Such terms and conditions may be additional to those contained in the Plan and may, as determined by the Administrator, be contained in an exercise
notice, securityholders’ agreement or in such other agreement as the Administrator shall determine, in each case in a form determined by the Administrator. The Administrator may condition the issuance of such Shares on the Participant’s
consent to such terms and conditions and the Participant’s entering into such agreement or agreements. 

*  *  *  *  * 

  
 A-4RCB CAPITAL                                               May 25, 2021
                                                                                                                                        

 

The purpose of this Non-Exclusive Consulting Agreement is to set forth the Terms of our Agreement with respect to the compensation RCB Capital   or its Designees (Fox Chase Capital Partners LLC) are to receive for assisting and advising Applife Digital Solutions. Inc., symbol “ALDS”. or related entities (the "Company") in obtaining Financing as well as Consulting and Due Diligence Services (collectively, "Consulting Services").

 

Our Consulting Services will primarily be focused on four groups: Private Equity Firms; Hedge Funds; Venture Capital Firms investing in Public Cos. and Family Offices. It is expected that, if an Investment takes place, such Investment may be in the form of Common Stock with and without Warrants and or Convertible Securities / Debentures (collectively" Investor"). 

 

At closing of an Investment / Financing ("Consulting Services"), Fox Chase Capital Partners LLC  will receive, by Wire Transfer, from the Company, a Cash Consulting Services Fee of 5% (five percent) of the total Capital provided and to be provided (Fees shall be paid to Fox Chase Capital Partners LLC. within three business days of when such Capital is received by the Company) to the Company by Investor (Investors) introduced to the Company by RCB.  Company shall not pay any expenses that have not been pre-approved in writing by the Company

 

This Agreement is to be applied to any and all transactions and Consulting Services, present and future, between RCB and the Company and Investors introduced to the Company by RCB, including subsequent, follow-up, renegotiated and new transactions (Non-Circumvention). The Company Agrees that it will not engage in any type of Agreements or Services / Financings with such Investors who are introduced to the Company by RCB without RCB being compensated as per this Agreement as well as RCB being a part of any and all such Agreements and or Services / Financings with those Investors. 

 

It is understood that RCB is not a Broker Dealer and all payments will be made to its designee, Fox Chase Capital Partners LLC. - 

a broker dealer registered with FINRA.   RCB will have no authority to enter into any commitments on the Company's behalf or to hold any funds or securities in connection with the Financing and Consulting Services.

 

The Term of this Agreement is for a period of twelve (12) months from the Date of Signing unless terminated earlier in writing on thirty days prior written notice or extended in writing and Agreed to by both parties. This Agreement and any and all Fees due to Fox Chase shall survive the Termination of this Agreement in the event the Company is Funded by Investors introduced to the Company by RCB who Fund the Company after the Termination of this Agreement.

 

This Agreement is governed by the laws of the United States in the State of New York. In the event of any proceeding arising or related to this Agreement, the prevailing party shall be entitled to recover from the losing party all of its costs and expenses incurred in connection with such proceeding, including court costs, collection costs, attorney fees and the highest interest rate allowable under New York Law. If you are in Agreement to the foregoing, please sign and date below.

 

Applife Digital Solutions, Inc. (symbol ALDS)

By:_/s/ Matthew Reid____________________ 

NAME:  Matthew Reid                                          DATE: May 25, 2021

TITLE:   CEO               

 

RCB Capital

 

By:__/s/ Joe Stanley_____________________ 

 

NAME:   Joe Stanley                                       DATE:  June 2, 2021

TITLE: Partner

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