Altisource Asset Management Corporation Preferred Stock Agreement under 2016 Employee Preferred Stock Plan
This agreement is between Altisource Asset Management Corporation and a participant in its 2016 Employee Preferred Stock Plan. The participant acknowledges receipt of preferred stock shares, agrees to be bound by the plan’s terms, and confirms the shares are for personal investment. The participant also agrees not to sell or transfer the shares except by selling them back to the company upon ending employment, as specified in the plan.
Exhibit 10.1
FORM OF PREFERRED STOCK AGREEMENT
ALTISOURCE ASSET MANAGEMENT CORPORATION
The undersigned participant (the “Participant”) of the 2016 Employee Preferred Stock Plan (the “Plan”) of ALTISOURCE ASSET MANAGEMENT CORPORATION (the “Company”), a copy of which is attached hereto as Exhibit A, hereby acknowledges receipt of shares of Class Preferred Stock of the Company (“Preferred Stock”) issued pursuant to the Plan. As required under Section 7 of the Plan, the Participant hereby (i) agrees that such shares of Preferred Stock shall be subject to, and shall be held by [him/her] in accordance with all of the applicable terms and provisions of, the Plan, and (ii) represents and warrants to the Company that [he/she] has acquired such shares of Preferred Stock for investment for [his/her] own account, and (iii) in any event, agrees that [he/she] will not sell or otherwise dispose of said shares other than sales back to the Company upon termination of employment with the Company as required under the provisions of Section 7.02 of the Plan.
The undersigned hereby executes this Preferred Stock Agreement this day of , 201 .
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