PATENT PROPERTIES, INC. AMENDED AND RESTATED OPTION GRANT AGREEMENT Grant No._______Option Grant Agreement • March 15th, 2016 • Walker Innovation Inc. • Patent owners & lessors • New York
You are hereby awarded an option (the “Option”) to purchase Common Stock of Patent Properties, Inc. (“Company”). This Option is subject to the terms and conditions set forth in this Stock Option Grant Agreement (“Grant Agreement”) and in the Company’s Amended & Restated 2006 Long-Term Incentive Plan, as amended (“Plan”), which is attached hereto as Exhibit A. By executing this Grant Agreement, you agree to be bound by all of the Plan’s terms and conditions as if they had been set out in this Grant Agreement. In addition, you recognize and agree that all determinations, interpretations, or other actions respecting the Plan and this Grant Agreement will be made by the Plan Committee, and shall be final, conclusive and binding on all parties, including you and your successors in interest. Capitalized terms not otherwise defined herein are used as are defined in the Plan.
