AXT, INC. RESTRICTED STOCK AGREEMENTStock Option Agreement • March 22nd, 2010 • Axt Inc • Semiconductors & related devices • Delaware
AXT, Inc. has granted to the Participant named in the Notice of Grant of Restricted Stock Award (the “Grant Notice”) to which this Restricted Stock Agreement (together with the Grant Notice, the “Agreement”) is attached an Award consisting of Shares subject to the terms and conditions set forth in the Grant Notice and this Agreement. The Award has been granted pursuant to and shall in all respects be subject to the terms and conditions of the AXT, Inc. 2007 Equity Incentive Plan (the “Plan ”), as amended to the Date of Grant, the provisions of which are incorporated herein by reference. By signing the Grant Notice, the Participant: (a) acknowledges receipt of and represents that the Participant has read and is familiar with the Grant Notice, this Agreement, the Plan and a prospectus for the Plan in the form most recently registered with the Securities and Exchange Commission (the “Plan Prospectus ”), (b) accepts the Award subject to all of the terms and conditions of the Grant Notice,
