SEC Contract Filing

Filing Date: 2024-08-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_699598.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: right;"><b>Exhibit 10.1</b></p>

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

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Stock Option Grant Agreement</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">THIS AGREEMENT, made as of the [&#9679;], day of [&#9679;], 20__, between SIGA Technologies, Inc. (the &#8220;<u>Company</u>&#8221;) and [NAME] (the &#8220;<u>Participant</u>&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">WHEREAS, the Company has adopted and maintains the SIGA Technologies, Inc. 2010 Stock Incentive Plan, as amended (the &#8220;<u>Plan</u>&#8221;), to establish a flexible vehicle through which the Company may offer equity-based compensation incentives to eligible personnel of the Company and its subsidiaries in order to attract, motivate, reward and retain such personnel and to further align the interests of such personnel with those of the stockholders of the Company;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">WHEREAS, the Plan provides that the Compensation Committee (the &#8220;<u>Committee</u>&#8221;) of the Board of Directors (or the Board of Directors if it so elects) shall administer the Plan and determine the key persons to whom awards shall be granted and the amount and type of such awards,</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:72pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Grant of Stock Option</u>. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Participant has been granted the Option to purchase an aggregate of [&#9679;] shares of Common Stock of the Company (the &#8220;<u>Optioned Shares</u>&#8221;), subject to the terms and conditions of this Agreement and the Plan.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:72pt;">2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Incorporation of Plan; Definitions</u>. All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan, as interpreted by the Committee, shall govern. Except as otherwise provided herein, all capitalized terms used herein shall have the meaning given to such terms in the Plan. For purposes of this Agreement, the following terms shall mean:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 18pt;text-indent:36pt;">(a) &#8220;<u>Change of Control</u>&#8221; shall mean:</p>

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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">the consummation of a transaction or a series of related transactions pursuant to which any &#8220;person&#8221;&nbsp;(as such term is used in Sections&nbsp;13(d) and 14(d)(2) of the Securities Exchange Act of 1934 (&#8220;<u>Exchange Act</u>&#8221;)), other than Executive, Executive&#8217;s designee(s) or &#8220;affiliate(s)&#8221;&nbsp;(as defined in Rule&nbsp;12b-2 under the Exchange Act), or a Permitted Holder, is or becomes the &#8220;beneficial owner&#8221;&nbsp;(as defined in Rule&nbsp;13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing forty percent (40%) or more of the combined voting power of the Company&#8217;s then outstanding securities; or</p>
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