SEC Contract Filing

Filing Date: 2023-11-08

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>4
<FILENAME>ex10-4.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.4</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LIFEMD,
INC. AMENDED AND RESTATED</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESTRICTED
STOCK AWARD AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
AMENDED AND RESTATED AGREEMENT (this &ldquo;Amended <B>Agreement</B>&rdquo;) is made effective as of July 26, 2023 (the &ldquo;<B>Grant
Date</B>&rdquo;) between LifeMD, Inc. (the &ldquo;<B>Company</B>&rdquo;) and Nicholas Alvarez (the &ldquo;<B>Employee</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company desires to grant the Employee, shares of the Company&rsquo;s Common Stock, $0.01 par value (&ldquo;<B>Shares</B>&rdquo;),
subject to certain restrictions as set forth in this Amended Agreement (this &ldquo;<B>Restricted Stock Award</B>&rdquo;), pursuant to
the LifeMD, Inc. 2020 Equity Incentive Plan (the &ldquo;<B>Plan</B>&rdquo;) and any Amendments thereto (capitalized terms not otherwise
defined herein shall have the same meanings as in the Plan);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS<B>,
</B>the Board of Directors (the &ldquo;<B>Board</B>&rdquo;) has determined that it would be to the advantage and best interest of the
Company and its stockholders to grant the Shares herein to the Employee;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
for the avoidance of doubt, the grant set forth further below concerning the three hundred thousand (300,000) restricted shares&mdash;as
originally described in the December 8, 2020 First Amended and Restated Employment Agreement supersedes and voids any grant set forth
in the July 12, 2023 LifeMD, Inc. Restricted Stock Award Agreement (<I>i.e.</I>, the three bulleted &ldquo;100,000 restricted shares&hellip;&rdquo;
provisions in Paragraph 2 therein) concerning these specific 300,000 restricted shares.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Grant of Restricted Shares</U>. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth
in this Amended Agreement, the Company hereby grants to the Employee a new award of 300,000 restricted shares and restructures the milestones
and vesting for the 300,000 restricted shares previously awarded under Section 4(e) [sic] of the Amended and Restated Employment Amendment
(none of which have become earned and vested) (collectively, the &ldquo;Restricted Shares&rdquo;). The Restricted Shares shall vest in
accordance with Section 2 hereof.</FONT></P>

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