PINEAPPLE ENERGY INC. Restricted Stock Unit Award Agreement (Inducement Grant)Restricted Stock Unit Award Agreement • October 11th, 2022 • Pineapple Energy Inc. • Telephone & telegraph apparatus • Minnesota
Pineapple Energy Inc. (the “Company”) hereby grants an award of Restricted Stock Units (this “Award”) to you, the Participant named below. The terms and conditions of this Award are set forth in this Restricted Stock Unit Award Agreement (Inducement Grant) (this “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages. This Award is made and granted as a stand-alone award and is not granted under or pursuant to the Company’s 2022 Equity Incentive Plan (as the same may be amended from time to time, the “Plan”). However, for convenience purposes, unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Grant Notice (“Grant Notice”) and the Agreement. This Award is an inducement material to the Participant’s entry into employment within the meaning of Nasdaq Listing Rule 5635(c)(4).
