Restricted Stock Agreement限制性股票协议.docx

Restricted Stock Agreement限制性股票协议.docx

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RestrictedStockAgreement限制性股票协议

notice

Thisdocumenthasbeenpreparedforinformationalandillustrationpurposesonly.Itisnotintendedto（a）constitutelegaladvice,（b）createanattorney-clientrelationship,or（c）beadvertisingorasolicitation. Eachperson’sandeachcompany’ssituationishighlyfact-specificandrequiresaknowledgeofbothrelevantstateandfederallaws.Asaresult,anyperson,orcompanythatwouldliketousethisdocumenttocreateanagreementshouldseeklegaladvicefromalicensedattorneyintherelevantjurisdictions. AlphaTechCounsel,S.C.expresslydisclaimsanyandallliabilitywithrespecttoactsoromissionsbasedonthisdocument.Byaccessingorusingthisdocument,youagreetoourtermsandconditions.

THESHARESOFCOMMONSTOCKGRANTEDUNDERTHISRESTRICTEDSTOCKAGREEMENTHAVENOTBEENREGISTEREDUNDERSTATEORFEDERALSECURITIESLAWS.NOSHARESOFCOMMONSTOCKGRANTEDUNDERTHISRESTRICTEDSTOCKAGREEMENTMAYBEOFFEREDORSOLD,PLEDGED,OROTHERWISEDISTRIBUTED,ANDNOSHARESOFCOMMONSTOCKMAYBETRANSFERREDONTHEBOOKSOFTHECOMPANY,EXCEPTINATRANSACTION（I）THAT,INTHEOPINIONOFCOUNSEL,ISSATISFACTORYTOTHECOMPANY,WOULDRESULTINNOVIOLATIONOFSECURITIESLAWSAND（II）THATWOULDCOMPLYWITHTHETRANSFERRESTRICTIONPROVISIONSCONTAINEDORREFERENCEDINTHISRESTRICTEDSTOCKAGREEMENT.

ALPHATECHCLIENT,INC.

RESTRICTEDSTOCKAGREEMENT

*****

Recipient:

Founder1

GrantDate:

August____,2012

NumberofSharesofCommonStock

SubjecttothisRestrictedStockGrant:

600,000

VestingSchedule:

VestingDate

PercentageorFractionofSharesofRestrictedStockVesting

NumberofSharesofRestrictedStockSubjecttoVesting

CumulativeTotalofSharesofRestrictedStockVesting

August_____,2012

25%

150,000

150,000

August_____,2013

25%

150,000

300,000

August_____,2014

25%

150,000

450,000

August_____,2015

25%

150,000

600,000

ThisRestrictedStockAgreement（this“Agreement”）,datedasoftheGrantDatespecifiedabove,isbetweenAlphaTechClient,Inc.,aWisconsincorporation（the“Company”）,andtheRecipientlistedabove.CapitalizedtermsusedbutnotdefinedinthisAgreementhavethemeaningsattributedtotheminAppendix1.

Thepartiesagreeasfollows:

ARTICLEI

GRANTOFSHARES

Grant.AsoftheGrantDate,subjecttothevestingscheduleandothertermscontainedinthisAgreement,theCompanyherebygrantstotheRecipient,andtheRecipientherebyaccepts,600,000sharesofCommonStock（the“Shares”）,inexchangefor$600.00andascompensationfortheRecipient’sfutureservicestotheCompany.

DeliveryofShares.PromptlyfollowingthefullsigninganddeliveryofthisAgreementandsubjecttoSection2.1,theCompanyshallissuetotheRecipientinuncertificatedformtheSharesandshallholdtheUnvestedShares（asdefinedbelow）inescrowinaccordancewiththetermsofArticleIV.

RightsasaShareholder.UponreceiptoftheShares,theRecipienthasalltherightsofashareholderwithrespecttotheShares,subjecttothetermscontainedinthisAgreement.

ARTICLEII

TRANSFERRESTRICTIONS;SECURITIESLAWCOMPLIANCE

TransferRestrictions.TheRecipientshallnotmakeorattempttomakeanydisposition,pledge,gift,assignment,orothertransfer（voluntarilyorinvoluntarily）oftheShareswhiletheSharesareUnvestedShares（asdefinedbelow）.Anysuchtransfer,purportedtransfer,orattemptedtransferwillbevoid.

Legend.InadditiontoanyotherrestrictivelegendrequiredbytheCompany,inordertoreflecttherestrictionsondispositionoftheUnvestedShares,theUnvestedShareswillbearandbesubjecttoarestrictivelegend,similartothefollowing:

“SOMEOFTHESHARESREFERENCEDHEREBYARESUBJECTTOARESTRICTEDSTOCKAGREEMENT,WHICHINCLUDESVESTINGREQUIREMENTSANDRESTRICTIONSONSHARETRANSFERS.THENUMBEROFSHARESSUBJECTTOVESTINGAREASSTATEDINTHERESTRICTEDSTOCKAGREEMENT.ACOPYOFTHERESTRICTEDSTOCKAGREEMENTISONFILEATTHEPRINCIPALOFFICEOFTHECOMPANYANDWILLBEMAILEDTOANYPROPERLYINTERESTEDPERSONWITHOUTCHARGEUPONTHECOMPANY’SRECEIPTOFAWRITTENREQUESTFORIT.ANYSALEORTRANSFERINVIOLATIONOFTHERESTRICTEDSTOCKAGREEMENTWILLBEVOID.”

RestrictedSecurities.TheRecipientmakesthefollowingrepresentationstotheCompany:

TheRecipientisawareoftheCompany'sbusinessaffairsandfinancialconditionandhasacquiredsufficientinformationabouttheCompanytoreachaninformedandknowledgeabledecisiontoacquiretheShares.

TheRecipientisacquiringtheSharesfortheRecipient’sownaccountforinvestment,notwithaviewtoorforsaleinconnectionwith,anydistributionthereof,norwithanypresentintentionofdistributingorsellingthesame.

TheRecipientconfirmsthattheRecipienthasbeeninformedthattheShareshavenotbeen,andwillnotbe,registeredunderstateandfederalsecuritieslaws,andarerestrictedsecuritiesundertheSecuritiesActof1933（the“SecuritiesAct”）.TheRecipientunderstandsthatnoSharesmayberesoldortransferredunlesstheSharesarefirstregisteredunderapplicablestateandfederalsecuritieslawsorunlessanexemptionfromsuchregistrationisavailable.

TheRecipientispreparedtoholdtheSharesforanindefiniteperiodandthattheRecipientisawarethatRule144oftheSecuritiesandExchangeCommissionissuedundertheSecuritiesActisnotpresentlyavailabletoexemptthesaleoftheSharesfromtheregistrationrequirementsoftheSecuritiesAct.

TheRecipientunderstandsthatnopublicmarketnowexistsforanyoftheSharesissuedbytheCompany,andthattheCompanyhasmadenoassurancesthatapublicmarketwilleverexistfortheShares.

Lock-upAgreement.IfrequiredbyanyunderwriterinconnectionwithapublicofferingoftheCompany’sequitysecuritiesinaregistrationstatementundertheSecuritiesAct,theRecipientshallnottransferordisposeoftheShares（otherthansecuritiesincludedintheregistrationstatementorsharespurchasedinthepublicmarketaftertheeffectivedateofregistration）oranyinterestintheSharesduringsuchperiodasisacceptabletotheunderwriterfollowingtheeffectivedateofsuchregistrationstatement.Inaddition,theRecipientshallsignoneormoreagreementsasmayberequestedbyanunderwriterinconnectionwithsuchregistration.Theunderwritersinconnectionwithsuchregistrationareintendedthirdpartybeneficiariesofthissectionandhavetheright,power,andauthoritytoenforcetheprovisionsofthisAgreementasthoughtheywereapartytoit.Inordertoenforcethecovenantscontainedinthissection,theCompanymayimposestop-transferinstructionswithrespecttotheSharesuntiltheendofsuchrestrictedperiod.

ARTICLEIII

VESTING

VestingofShares.ThevestingschedulefortheSharesissetforthonthefirstpageofthisAgreement.AllSharesforwhichtheRecipienthasavestedrightarereferredtohereinas“VestedShares,”andallSharesforwhichtheRecipientdoesnothaveavestedrightarereferredtohereinas“UnvestedShares.”WhileinescrowasprovidedinArticleIV,theUnvestedShareswillcontinuetovestduringtheRecipient’sContinuousService.

AccelerationuponChangeinControl.IfintheeventofaChangeinControl,theRecipientisInvoluntarilyTerminatedbytheCompanyoritssuccessororsurvivingentity（orparentthereof）withinsixmonthsfollowingsuchChangeinControl,then100%oftheUnvestedShareswillimmediatelyandfullyvest.IftheRecipientisInvoluntarilyTerminatedsimultaneouswithaChangeinControl,suchvestingwillbedeemedtooccurimmediatelybeforeconsummationoftheChangeinControl.

ARTICLEIV

ESCROW

DepositoftheUnvestedShares.UponissuanceoftheShares,theRecipientshalldepositanyUnvestedSharesgrantedaspartofsuchissuanceinescrowwiththeCompanytobeheldinaccordancewiththeprovisionsofthisAgreement.

DepositofAdditionalSecuritiesandOtherProperty.ExceptasotherwiseprovidedinthisAgreement,theCompanyshalldepositinescrowanynew,substituted,oradditionalsecuritiesorotherpropertydistributedwithrespecttotheUnvestedShares.

ReleaseofVestedShares.UponthevestingofalloraportionoftheUnvestedShares,theCompanyshallreleasetotheRecipienttheVestedSharesandallsecuritiesandotherpropertyheldinescrowwithrespecttotheUnvestedSharesthathavebecomeVestedShares.IfrequestedtodosobytheCompanyandasaconditiontothereleaseofVestedSharesfromescrow,theRecipientshallsigntheCompany’sthen-currentshareholderagreement,whichwillcontainamongotherprovisionscustomarytransferrestrictionsonCommonStock.

ForfeitureofUnvestedShares.SubjecttoSection3.2,upontheterminationorinterruptionofContinuousServiceoftheRecipientforanyreason,includingbutnotlimitedtodeath,disabilityorretirement,alltheUnvestedShares,andanyrightsorclaimsattachedthereto,securities,andotherpropertyheldinescrowfromadistributionpreviouslymadeonaccountoftheUnvestedShares,willbedeemedimmediatelyforfeitedbytheRecipienttotheCompany.

Assignment.IntheeventofforfeitureoftheUnvestedShares,theRecipientherebyassigns,transfers,andsurrenderstotheCompanyforcancellationtheUnvestedShares,andallrelatedsecuritiesandotherpropertyheldinescrowwithrespecttosuchUnvestedShares,andherebyirrevocablyconstitutesandappointstheCompany’ssecretaryasattorneytocancelsuchstockintherecordsoftheCompanywithfullpowerofsubstitutioninthepremises.Inaddition,intheeventofsuchforfeiture,theRecipientshallexecuteanddeliversuchfurtherdocumentsandinstrumentsanddosuchfurthera