RESTRICTED STOCK AGREEMENT
AURA BIOSCIENCES, INC.
AGREEMENT made as of the day of , 20 (the Grant Date), between AURA BIOSCIENCES, INC. (the Company), a Delaware corporation, and (the Participant).
WHEREAS, the Company has adopted the Aura Biosciences, Inc. 2018 Equity Incentive Plan (the Plan) to promote the interests of the Company by providing an incentive for Employees, directors and Consultants of the Company or its Affiliates;
WHEREAS, pursuant to the provisions of the Plan, the Company desires to offer to the Participant shares of the Companys common stock, $0.00001 par value per share (Common Stock), in accordance with the provisions of the Plan, all on the terms and conditions hereinafter set forth;
WHEREAS, the Participant wishes to accept said offer; and
WHEREAS, the parties hereto understand and agree that any terms used and not defined herein have the meanings ascribed to such terms in the Plan.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Terms of Grant. The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, ( ) Shares of the Companys Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(f) hereof, the Granted Shares) at a per share purchase price of $0.00001 (the Purchase Price), or an aggregate of $ receipt of which is hereby acknowledged by the Company.
2.1. Lapsing Forfeiture Right.
(a) Lapsing Forfeiture Right. Except as set forth in Subsections 2.1(b), [(f)] or (g) hereof, in the event that for any reason the Participant is no longer an Employee, director or Consultant of the Company or an Affiliate (the Termination) prior to , 20 , the Participant (or the Participants Survivor) shall, on the date of Termination, immediately forfeit to the Company (or its designee) all of the Granted Shares which have not yet vested in accordance with the schedule set forth below (the Lapsing Forfeiture Right).
The Companys Lapsing Forfeiture Right is as follows:
On the first anniversary of the Vesting Start Date, 25% of the Shares shall be vested; and