0001558370-19-001422 Sample Contracts

Contract
Restricted Stock Agreement • March 1st, 2019 • Strategic Education, Inc. • Services-educational services • Maryland

STRATEGIC EDUCATION, INC. FORM OF RESTRICTED STOCK AGREEMENT (PERFORMANCE BASED) GRANTED UNDER THE CAPELLA EDUCATION COMPANY 2014 EQUITY INCENTIVE PLAN

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STRATEGIC EDUCATION, INC. FORM OF NONQUALIFIED STOCK OPTION AGREEMENT GRANTED UNDER THE 2018 EQUITY COMPENSATION PLAN
Nonqualified Stock Option Agreement • March 1st, 2019 • Strategic Education, Inc. • Services-educational services • Maryland

Strategic Education, Inc., a Maryland corporation (the "Corporation"), hereby grants an option to purchase shares of its common stock, $.01 par value, (the "Stock") to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment and in the Corporation's 2018 Equity Compensation Plan (the “Plan”).

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