Non-Plan Stock Option Grant AgreementPlan Stock Option Grant Agreement • March 15th, 2021 • Clever Leaves Holdings Inc. • Pharmaceutical preparations
Clever Leaves International Inc. (together with all successors thereto, the “Company”), a corporation organized under the laws of British Columbia, hereby grants to the Grantee, an option to purchase, on or prior to the Expiration Date (or such earlier date as provided in Section 3 below), all or any part of the number of Shares of Common Stock of the Company indicated above (the “Underlying Shares,” with such Shares once issued being referred to herein as “Option Shares”) at the Option Price per share indicated above (the “Option”). The Option shall be issued in one tranche exercisable for the Underlying Shares and shall be subject to time-based vesting criteria and the Option grant shall be referred to herein as the “Time-Vested Option.”
