TERRAN ORBITAL CORPORATIONSubstitute Stock Option Agreement • August 10th, 2022 • Terran Orbital Corp • Guided missiles & space vehicles & parts • California
Terran Orbital Corporation, a Delaware corporation (together with any successor thereto, the “Company”), has granted to the Participant (named below) this option (this “Option”) pursuant to the terms of the Company’s 2021 Omnibus Incentive Plan (as may be amended or restated from time to time, the “Plan”) and this Substitute Stock Option Agreement (the “Option Agreement”). In accordance with the Merger Agreement (as defined in the Plan), this Option substitutes and restates in its entirety the Participant’s previous stock option award corresponding to this Option (the “Previous Award”) granted under the Amended and Restated Terran Orbital Corporation 2014 Equity Incentive Plan, and the applicable award agreement thereunder, on the Date of Original Grant set forth below. Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to such term in the Plan.
