ORBSAT CORP RESTRICTED STOCK AGREEMENT (Non-Assignable)Restricted Stock Agreement • February 8th, 2022 • Fernandez Charles M. • Telephone communications (no radiotelephone) • Florida
THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) certifies that on December 16, 2021 (the “Award Date”), Charles M. Fernandez (“Holder”) was awarded a restricted stock award of 101,000 shares of fully paid and non-assessable shares (the “Restricted Shares”) of the common stock (par value $0.0001 per share) of Orbsat Corp (the “Corporation”), a Nevada corporation, which Restricted Shares shall vest and be issued pursuant to the vesting schedule set forth in Paragraph 1(b) below (the “Vesting Schedule”). A determination of the Compensation Committee (the “Committee”) of the Board of Directors of the Corporation (the “Board”) as to any questions which may arise with respect to the interpretation of the provisions of this award shall be final.
