Amendment No. 2 to AquaBounty Technologies, Inc. 2016 Equity Incentive Plan

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

AquaBounty Technologies, Inc. has amended its 2016 Equity Incentive Plan, effective March 3, 2020. The amendment increases the total number of shares of common stock that may be issued under the plan to 1,900,000 shares. This change was approved by the company's Board of Directors and is documented by the company's General Counsel and Secretary.

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EX-10.3 2 exhibit103-2020x04x29.htm EXHIBIT 10.3 Exhibit

AquaBounty Technologies, Inc.
Amendment No. 2 to the
AquaBounty Technologies, Inc.
2016 Equity Incentive Plan
AquaBounty Technologies, Inc., a Delaware corporation (the “Company”), by action of its Board of Directors taken in accordance with the authority granted to it by Section 2(b)(vii) of the AquaBounty Technologies Inc. 2016 Equity Incentive Plan (the “Plan”), hereby amends the Plan in the following respect effective March 3, 2020:
1.    By deleting Section 3(a) of the Plan and inserting in lieu thereof the following:
a.
Share Reserve. Subject to Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Awards will not exceed 1,900,000 shares (the “Share Reserve”).
IN WITNESS WHEREOF, AquaBounty Technologies, Inc. has caused this instrument to be signed in its name by a duly authorized officer on this 3rd day of March, 2020.
AquaBounty Technologies, Inc.


By: /s/ Angela M. Olsen    
Angela M. Olsen
General Counsel and Secretary