0001628280-22-020355 Sample Contracts

Form of New Hire Incentive Stock Option Award Agreement Under the 2022 Plan Vericel Corporation 2022 Omnibus Incentive Plan Incentive Stock Option Award Agreement
Incentive Stock Option Award Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances) • Michigan

AWARD AGREEMENT (the “Agreement”), effective as of [[GRANTDATE]] (the “Grant Date”), is entered into by and between Vericel Corporation, a Michigan corporation (the “Company”), and [[FIRSTNAME]] [[LASTNAME]] (the “Participant”).

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Form of Non-Qualified Stock Option Award Agreement for Non-Employee Directors Under the 2022 Plan Vericel Corporation 2022 Omnibus Incentive Plan Non- Qualified Stock Option Award Agreement for Non-Employee Directors
Non-Qualified Stock Option Award Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances) • Michigan

AWARD AGREEMENT (the "Agreement"), effective as of [[GRANTDATE]] (the “Grant Date”), is entered into by and between Vericel Corporation, a Michigan corporation (the “Company”), and [[FIRSTNAME]] [[LASTNAME]] (the “Participant”).

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Vericel Corporation 2022 Omnibus Incentive Plan Restricted Stock Unit Award Agreement for Company Employees
Restricted Stock Unit Award Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances) • Michigan

Pursuant to the Vericel Corporation 2022 Omnibus Incentive Plan as amended through the date hereof (the “Plan”), Vericel Corporation (the “Company”) hereby grants an award of the number of Restricted Stock Units listed above (an “Award”) to the Participant named above. Each Restricted Stock Unit shall relate to one share of common stock, no par value per share (each, a “Share”) of the Company.

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Vericel Corporation 2022 Omnibus Incentive Plan Restricted Stock Unit Award Agreement for Non-Employee Directors
Restricted Stock Unit Award Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances) • Michigan

Pursuant to the Vericel Corporation 2022 Omnibus Incentive Plan as amended through the date hereof (the “Plan”), Vericel Corporation (the “Company”) hereby grants an award of the number of Restricted Stock Units listed above (an “Award”) to the Participant named above. Each Restricted Stock Unit shall relate to one share of common stock, no par value per share (each, a “Share”) of the Company.

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Third Amendment to Dispensing Agreement
Dispensing Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances)

This Third Amendment to the July 26, 2018 Dispensing Agreement (“Agreement”) between Vericel Corporation (“Vericel” or “Client’) and AllCare Plus Pharmacy LLC (“AllCare”) shall be effective as of May 16, 2022 (“Effective Date”).

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EIGHTH AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • August 3rd, 2022 • Vericel Corp • Biological products, (no disgnostic substances)

This Eighth Amendment to the Distribution Agreement ("Eighth Amendment") is between Vericel Corporation ("Vericel") and Orsini Pharmaceutical Services, LLC. (“Orsini"). This Eighth Amendment is effective May 15, 2022 ("Effective Date").

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