LIVE OAK BANCSHARES, INC. RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • August 3rd, 2022 • Live Oak Bancshares, Inc. • State commercial banks • North Carolina
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT is made and entered into effective as of May 17, 2022 (the “Date of Grant”), by and between LIVE OAK BANCSHARES, INC., a North Carolina corporation (the “Company”), and [NAME] (the “Grantee”). This Agreement sets forth the terms and conditions associated with the Company’s award to Grantee of restricted stock units payable as described below in shares of Common Stock pursuant to the Company’s 2015 Omnibus Stock Incentive Plan (as amended from time to time, the “Plan”). Capitalized terms not explicitly defined in this Agreement but defined in the Plan will have the meanings ascribed to them under the Plan.
MEMBER INTEREST LETTER Canapi Ventures LOB SLP II, LLCLive Oak Bancshares, Inc. • August 3rd, 2022 • State commercial banks
Reference is made to the Amended and Restated Limited Liability Company Agreement of Canapi Ventures LOB SLP II, LLC (the “Special Limited Partner”) dated as of the date hereof, by and among Canapi LOB MM, LLC (the “Managing Member”) and the other Members set forth in the books and records of the Special Limited Partner (the “SLP Agreement”). All capitalized terms not otherwise defined herein shall have the meanings assigned to them in the SLP Agreement. This letter agreement (this “Interest Letter”) shall constitute your Interest Letter for purposes of the SLP Agreement.
MEMBER INTEREST LETTERLive Oak Bancshares, Inc. • August 3rd, 2022 • State commercial banks
of Canapi Ventures LOB SLP, LLC (the “Special Limited Partner”) dated May 9, 2019, by and among Canapi LOB MM, LLC (the “Managing Member”) and the other Members set forth in the books and records of the Special Limited Partner (the “SLP Agreement”). All capitalized terms not otherwise defined herein shall have the meanings assigned to them in the SLP Agreement. This letter agreement (this “Interest Letter”) shall constitute your Interest Letter for purposes of the SLP Agreement.
