Form of Terran Orbital Corporation Notice of Grant of Restricted Stock Units under the Amended and Restated Terran Orbital Corporation 2014 Equity Incentive Plan, as amended (4 Year Service Condition)

Participant:

Employee ID:

Date of Grant:

Total Number of Units:

 (each a “Unit”), subject to adjustment as provided by the Award Agreement.

Expiration Date:

The seventh (7th) anniversary of the Date of Grant.

Vesting Start Date:

___________

Vested Units:

The vesting of each Unit requires the satisfaction of both the Service Condition (as defined below) and Liquidity Event Condition (as defined below) on or before the Expiration Date. Each Unit will vest and become non-forfeitable on the first date (the “Vesting Date”) on which both of the Service Condition and Liquidity Event Condition have been satisfied with respect to such Unit on or before the Expiration Date, provided that, except as otherwise provided by the Award Agreement, the Participant’s Continuous Service has not terminated before the applicable Vesting Date, as determined by the Board:

The Service Condition will be satisfied for a portion of the Total Number of Units (as defined above) by the Participant’s Continuous Service through the applicable date, as follows, provided, the Participant’s Continuous Service has not been terminated prior to the applicable Service Date (as defined below):

Service Date

1st anniversary of Vesting Start Date

25%

2nd anniversary of Vesting Start Date

25%

3rd anniversary of Vesting Start Date

25%

4th anniversary of Vesting Start Date

25%

The Liquidity Event Condition will be satisfied prior to the Expiration Date upon the first to occur of: (i) the declaration that an Initial Public Offering (as defined in the Award Agreement) is effective provided that the Participant’s Continuous Service has not terminated before such date, and (ii) the time immediately prior to the consummation of a Change in Control (as defined in the Plan), provided that, in either of (i) or (ii), the Participant’s Continuous Service has not terminated before such date.

Except as provided by the Award Agreement, the Settlement Date with respect to each Unit shall be the Vesting Date applicable to such Unit; provided, however, that if the Liquidity Event Condition is satisfied by an effective Initial Public Offering, then the Settlement Date for any Unit that vests and becomes non-forfeitable prior to the lapsing of any lock-up period described in Section 13 of the Award Agreement shall be the first to occur of (i) the date on which such lock-up period lapses and (ii) a date determined by the Board, which, in each of (i) and (ii), shall be no later than the 15th day of the third month following the end of the Applicable Year in which the Unit vests and is non-forfeitable. For this purpose, “Applicable Year” means the calendar year or the Company’s fiscal year, whichever year ends later.

TERRAN ORBITAL CORPORATION

PARTICIPANT

By:

[Officer Name]

Signature

[Officer Title]

Date

Address:

Address