SEC Contract Filing

Filing Date: 2024-04-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex_637901.htm
<DESCRIPTION>EXHIBIT 10.4
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<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: right;">EXHIBIT 10.4</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>TILRAY BRANDS, INC. </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:small-caps;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>Performance Stock Award Grant Notice</b><b> </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>(</b><b><u>2024 EBITDA Performance Award</u></b><b>)</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>(AMENDED AND RESTATED 2018 EQUITY INCENTIVE PLAN) </b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 8pt;">Tilray Brands, Inc. (the &#8220;<b><i>Company</i></b>&#8221;), pursuant to its Amended and Restated 2018 Equity Incentive Plan (as amended, the &#8220;<b><i>Plan</i></b>&#8221;), hereby awards to Participant a Performance Stock Award in the amount set forth below, which represents a contingent right to receive a cash payment or its equivalent in shares of Common Stock, at the Company&#8217;s option (the &#8220;<b><i>2024 EBITDA Performance Award</i></b>&#8221; or &#8220;<b><i>Performance Award</i></b>&#8221;). The 2024 EBITDA Performance Award is subject to all of the terms and conditions as set forth in this Performance Award Grant Notice (this &#8220;<b><i>Grant Notice</i></b>&#8221;), and in the Plan and the 2024 EBITDA Performance Award Agreement (the &#8220;<b><i>Award Agreement</i></b>&#8221;), attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein shall have the meanings set forth in the Plan or the Award Agreement. In the event of any conflict between the terms in this Grant Notice or the Award Agreement and the Plan, the terms of the Plan shall control.</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">Participant:</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">[Executive name]</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">Date of Grant:</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">April 5, 2024</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">Measurement Period:</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 9pt;">June 1, 2023 to May 31, 2026</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">Amount of Performance Award<u><sup style="vertical-align:top;line-height:120%;">[1]</sup></u>&nbsp;</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 40pt;">$---</p>
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