NON-QUALIFIED INDUCEMENT STOCK OPTION GRANT NOTICE AND STOCK OPTION AGREEMENTNon-Qualified Inducement Stock Option Agreement • August 14th, 2020 • Dasan Zhone Solutions Inc • Telephone & telegraph apparatus • Delaware
As an inducement material to the decision by the individual listed below (“Participant”) to accept employment with DASAN Zhone Solutions, Inc., a Delaware corporation (the “Company”), and pursuant to that certain employment agreement entered into by and between Participant and the Company, dated as of August 1, 2020, the Company hereby grants to Participant an option to purchase the number of shares of the common stock of the Company set forth below (the “Option”). This Option is subject to all of the terms and conditions set forth in this Non-Qualified Inducement Stock Option Grant Notice (the “Grant Notice”) and in the Non-Qualified Inducement Stock Option Agreement attached hereto as Exhibit A (the “Agreement”), which is incorporated herein by reference. This Option is made and granted as a stand-alone award and is not granted under or pursuant to the DASAN Zhone Solutions, Inc. 2017 Incentive Award Plan (as amended from time to time, the “Plan”). However, for convenience purposes,
