TRANSACTION SETTLEMENT AGREEMENT
Exhibit 10.36
TRANSACTION |
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SETTLEMENT AGREEMENT
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Le présent protocole est conclu entre : (1) ALLURION FRANCE, société par actions simplifiée, immatriculée auprès du Registre du Commerce et des Sociétés de Paris sous le numéro unique d’identification 000 000 000, dont le siège social est situé 0, Xxxxxxxxx Xxxxxxxxxx – 00000 Xxxxx, Xxxxxx, dûment représentée aux présentes, (2) ALLURION TECHNOLOGIES, INC., société de droit du Delaware, Etats-Unis, dont le principal établissement est situé 00 Xxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxxx, dûment représentée aux présentes, (3) Monsieur Xxxxxx XXXXXXX, né le 15 février 1981 à Châlons-en-Champagne, France, de nationalité française et demeurant 00, xxx xxx Xxxxxxx Xxxxxxx – 00000 Xxxxx, Xxxxxx, ci-après désignée "Allurion France", ci-après désignée "Allurion", ci-après désigné "Xxxxxx Xxxxxxx", Allurion France, Allurion et Xxxxxx Xxxxxxx sont ci-après désignés ensemble les "Parties" et individuellement une "Partie".
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This agreement is concluded between: (1) ALLURION FRANCE, a French société par actions simplifiée, registered with the Trade and Companies Register of Paris under the number 000 000 000 whose registered office is located 0, Xxxxxxxxx Xxxxxxxxxx – 00000 Xxxxx, Xxxxxx, duly represented for the purposes hereof, (2) ALLURION TECHNOLOGIES, INC., a company incorporated in Delaware, USA, whose main place of business is 00 Xxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxxx, duly represented for the purposes hereof, (3) Xx. Xxxxxx XXXXXXX, born on 15 February 1981 in Châlons-en-Champagne, France, a French citizen, residing at 00, xxx xxx Xxxxxxx Xxxxxxx – 00000 Xxxxx, Xxxxxx, hereinafter "Allurion France", hereinafter "Allurion ", hereinafter "Xxxxxx Xxxxxxx", Allurion France, Xxxxxxxx and Xxxxxx Xxxxxxx are hereinafter referred to together as the "Parties" and individually as a "Party".
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1. Exposé des faits (A) Allurion France est une société filiale d'Allurion qui en détient 100% des titres et droits de vote.
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1. FACTS (A) Allurion France is a subsidiary of Allurion, which holds 100% of its shares and voting rights.
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(B) Xxxxxx Xxxxxxx et Xxxxxxxx ont conclu à compter du 1er août 2018 un contrat de consulting aux termes duquel Xxxxxx Xxxxxxx assurait la direction commerciale et marketing d'Allurion et des filiales directes et indirectes (ensemble le "Groupe"). Xxxxxx Xxxxxxx initialement domicilié au Royaume-Uni a déménagé en France au cours de l'année 2018. Xxxxxx Xxxxxxx facturait à Allurion ses prestations via sa société personnelle, Xxxxxx Xxxxxxx Consulting.
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(B) Xxxxxx Xxxxxxx and Xxxxxxxx entered into a consulting agreement with effect from August 1st, 2018, which provided notably that Xxxxxx Xxxxxxx was responsible for the sales and marketing management of Allurion and its direct and indirect subsidiaries (together the "Group"). Xxxxxx Xxxxxxx was initially domiciled in the United Kingdom but moved to France during 2018. Mr Xxxxxxx invoiced Xxxxxxxx for his services via his own company, Xxxxxx Xxxxxxx Consulting.
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(C) Comme négocié et agréé dans le contrat de consulting, Allurion a attribué à Xxxxxx Xxxxxxx des stock-options portant sur un total de 190 705 actions d'Allurion.
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(C) As negotiated and agreed in the consulting agreement, Xxxxxxxx granted Xxxxxx Xxxxxxx stock options on a total of 190,705 Allurion shares.
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(D) Le 23 juin 2023, le contrat de consulting xxxxx Xxxxxxxx et Xxxxxx Xxxxxxx a été rompu d'un commun accord avec effet au 1er septembre 2023. Le 26 juin 2023, Xxxxxxxx a nommé Xxxxxx Xxxxxxx Consulting directeur général d'Allurion France à compter du 1er septembre 2023 par décision d'associé unique. Xxxxxx Xxxxxxx Consulting a formellement accepté ces fonctions. Allurion France et Xxxxxx Xxxxxxx Consulting ont conclu le même jour une convention de mandat social à laquelle Xxxxxx Xxxxxxx était également partie.
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(D) On June 23, 2023, the consulting agreement between Xxxxxxxx and Mr Xxxxxxx was terminated by mutual agreement with effect from September 1st, 2023. On June 26th, 2023, Xxxxxxxx appointed Xxxxxx Xxxxxxx Consulting Managing Director of Allurion France with effect from September 1st, 2023, by decision of its sole shareholder. Xxxxxx Xxxxxxx Consulting formally accepted this appointment. Allurion France and Xxxxxx Xxxxxxx Consulting entered on the same day into a corporate office agreement, to which Mr Xxxxxxx was also a party.
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(E) Par email du 17 octobre 2023, le conseil de Xxxxxx Xxxxxxx a adressé un courrier à Allurion France dans lequel il alléguait d'une part que Xxxxxx Xxxxxxx avait été salarié de cette société depuis le 1er août 2018 et d'autre part qu'il estimait que ses conditions et environnement de travail étaient insuffisantes, indiquant qu'il envisageait de saisir le conseil de |
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(E) By email dated October 17th, 2023, Xxxxxx Xxxxxxx'x counsel sent a letter to Allurion France in which he alleged that Xxxxxx Xxxxxxx had been an employee of the company since August 1st 2018 and that he considered that his working conditions and environment were insufficient, indicating that he contemplated legal action for reclassification and judicial |
xxxx'hommes compétent d'une demande de requalification et de résiliation judiciaire de son contrat.
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termination of his contract in front of the competent industrial tribunal.
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(F) Allurion France a répondu au conseil de Xxxxxx Xxxxxxx par email du 30 octobre 2023 qu'il n'avait jamais été salarié de la société, mais qu'il était un des dirigeants du Groupe travaillant, via sa société personnelle Xxxxxx Xxxxxxx Consulting comme il en avait lui-même décidé, hors de tout lien de subordination, et que ses conditions de travail étaient saines et conformes aux règles applicables.
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(F) Allurion France replied to Xxxxxx Xxxxxxx'x counsel by email dated October 30, 2023 that he had never been an employee of the company, but that he was rather one of the Group's senior executives, working through his personal company Xxxxxx Xxxxxxx Consulting as he had decided on his own, outside any subordination relationship, and that his work conditions were safe and compliant with applicable regulations.
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(G) Xxxxxx Xxxxxxx Consulting, Xxxxxx Xxxxxxx et Allurion France sont convenues par accord du 12 décembre 2023 (le "Protocole d'Accord"), des conditions de rupture du mandat social de Xxxxxx Xxxxxxx Consulting et de mettre fin à toute collaboration entre les Parties à compter du 31 décembre 2023 (la "Date de Rupture").
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(G) Xxxxxx Xxxxxxx Consulting, Xxxxxx Xxxxxxx and Xxxxxxxx France have agreed, by a Termination Agreement dated December 12, 2023 (the "Termination Agreement”), to the terms and conditions of the termination of Xxxxxx Xxxxxxx Consulting’s corporate office and to terminate all collaboration between the Parties with effect from December 31, 2023 (the “Termination Date”).
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(H) C’est dans ces circonstances que les parties ont engagé des négociations et sont parvenues à mettre fin à leur différend en effectuant des concessions réciproques en vue d’éviter la publicité, les aléas et les coûts d’un contentieux.
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(H) It was in these circumstances that the Parties entered into negotiations and managed to put an end to their dispute by making reciprocal concessions in order to avoid the publicity, uncertainties and costs of litigation.
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2. CONCESSIONS DES PARTIES
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2. CONCESSIONS OF THE PARTIES
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2.1 Sans que xxxx vaille reconnaissance du bien-fondé des prétentions de Xxxxxx Xxxxxxx, Xxxxxxxx accepte de lui verser, en réparation de tout chef de préjudice et à titre de dommages et intérêts, une indemnité transactionnelle, forfaitaire et définitive d’un montant brut égal à |
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2.1 Without this constituting recognition of the merits of Xxxxxx Xxxxxxx'x claims, Xxxxxxxx agrees to pay him, in compensation for all losses and by way of damages, a lump-sum and final settlement of a gross amount equal to €183,260 (one hundred and eighty three thousand two hundred and sixty euros). |
183 260 € (cent quatre-vingt-trois mille deux cent soixante euros). Xxxxxx Xxxxxxx a décidé d’exercer les stock-options d’Allurion acquises à la Date de Rupture, portant sur 165 539 actions d’Allurion, selon les termes et conditions stipulées dans l’annexe A. Le prix d’exercice de ces stock-options étant du même montant que l’indemnité transactionnelle convenue, le paiement de cette dernière est opéré par compensation avec l’attribution à Xxxxxx Xxxxxxx de 165 539 actions d’Xxxxxxxx.
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Xxxxxx Xxxxxxx has decided to exercise the Allurion stock options vested on the Termination Date, representing 165,539 Allurion shares, in accordance with the terms and conditions set out in Appendix A. As the exercise price of these stock options is the same as the agreed settlement indemnity, the latter is paid by way of set-off with the transfer to Xxxxxx Xxxxxxx of 165,539 Allurion shares.
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2.2 En contrepartie des concessions ci-dessus, Xxxxxx Xxxxxxx renonce irrévocablement à toute action ou prétention envers Allurion France, Allurion ou toute société du Groupe, relative notamment, sans que cette liste soit limitative, à toute requalification en contrat de travail des relations contractuelles ayant existé entre les parties, à toute demande en résultant directement ou indirectement, tout droit relatifs à des stock-options non acquises (étant entendu que toute stock-option non acquises à la Date de Rupture sont caduques et qu'aucune indemnisation n'est due à cet égard) et tous dommages-intérêts ou indemnité de quelque nature que ce soit liée à la formation, à l'exécution ou à la rupture des contrats ayant lié les Parties et plus généralement de toutes relations de travail, de consultant ou de collaboration.
Plus généralement, chacune des parties renonce irrévocablement l'une envers l'autre à tous droits, actions, ou prétentions, nés ou à naître, pouvant être liés à la formation, à l'exécution ou à la rupture des relations contractuelles qui les liaient, quels que soient les droits applicables auxdites relations.
Les Parties confirment qu'elles ne sont plus liées par aucune relation contractuelle ou engagement d'aucune sorte depuis la Date de |
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2.2 In consideration of the above concessions, Xxxxxx Xxxxxxx irrevocably waives any action or claim against Allurion France, Allurion or any company in the Group, relating in particular, but without this list being limitative, to any requalification as an employment contract of the contractual relations which have existed between the parties, any claim arising directly or indirectly therefrom, any right relating to unvested stock-options (it being agreed that any unvested stock options as of the Termination Date are forfeited and no compensation is due with respect thereto) and any damages or indemnity of any nature whatsoever in connection with the formation, performance or termination of contracts between the parties and, more generally, any employment, consulting or collaboration relationship.
More generally, each of the parties irrevocably waives all rights, actions or claims, arising or to arise, which may be related to the formation, performance or termination of the contractual relationship between them, whatever the laws applicable to the said relationship.
The Parties confirm that they are no longer bound by any contractual relationship or any commitment of any nature since the Termination |
Rupture, excepté les engagements résultant du présent accord ou du "Protocole d'Accord".
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Date, except for the commitments resulting from this Agreement and the Termination Agreement.
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2.3 Pendant une durée de cinq (5) ans à compter de la date des présentes, Xxxxxx Xxxxxxx, directement ou par personne interposée, s’engage à ne pas communiquer (notamment via la presse, les réseaux sociaux ou tous autres médias) sur son départ et ses activités au sein du Groupe et à ne pas tenir de propos dénigrants en la présence de toute personne (notamment en présence de prêteurs, investisseurs, établissements financiers, de salariés, de représentants syndicaux, de partenaires, de clients ou de fournisseurs du Groupe) à l’égard d'Allurion, Allurion France, des associés directs et indirects, actuels ou passés d'Allurion et/ou de toute autre société du Groupe (en ce compris leurs salariés, représentants ou mandataires sociaux).
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2.3 For a period of five (5) years from the date hereof, Xxxxxx Xxxxxxx, directly or through an intermediary, undertakes not to communicate (in particular via the press, social networks or any other media) about his departure and his activities within the Group and not to make any disparaging remarks in the presence of any person (in particular in the presence of lenders, investors, financial institutions, employees, union representatives, partners, customers or suppliers of the Group) with regard to Allurion, Allurion France, Xxxxxxxx'x current or former direct or indirect associates and/or any other Group company (including their employees, representatives or corporate officers).
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2.4 Xxxxxx Xxxxxxx s'engage, pour une durée d’un an à compter de la Date de Rupture pour quelque motif que ce soit, à ne pas, directement ou indirectement solliciter, encourager ou prendre toute autre mesure visant à inciter un salarié ou un consultant d'Allurion, Allurion France ou toute autre société du Groupe, à mettre fin à leur contrat de travail ou à leur relation avec ces sociétés afin d'être employé ou de fournir des services à toute autre personne.
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2.4 Xxxxxx Xxxxxxx undertakes, for a period of one year from the Termination Date for any reason whatsoever, not to directly or indirectly solicit, encourage or take any other action to induce any employee or consultant of Allurion, Allurion France or any other Group company to terminate their employment contract or relationship with such companies in order to be employed by or provide services to any other person.
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2.5 Chaque Partie conserve à sa charge les frais des conseils dont elles ont utilisé les services pour les assister dans la négociation et la conclusion du présent accord. Toutefois, à titre de concession supplémentaire, Allurion France prendra à sa charge une partie des frais exposés par Xxxxxx Xxxxxxx à concurrence de 5 000 euros hors taxe, qui seront réglés directement au conseil de Xxxxxx Xxxxxxx sur présentation d'une facture conforme.
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2.5 Each Party shall bear the costs of the counsels whose services it/he has used to assist it/him in the negotiation and conclusion of this Agreement. However, as an additional concession, Allurion France will bear part of the costs incurred by Xxxxxx Xxxxxxx up to a maximum of 5,000 euros before VAT, which will be paid directly to Xxxxxx Xxxxxxx'x counsel on presentation of a corresponding invoice. |
2.6 Chacune des Parties confirme qu'elle n'a, à ce jour, révélé à quiconque sauf à ses conseils l'existence ou le contenu du Protocole et s'engage à continuer à l'avenir à conserver la plus stricte confidentialité à cet égard, sauf autorisation écrite préalable de toutes les Parties.
Nonobstant ce qui précède, Xxxxxxxx peut procéder à une annonce ou à une divulgation publique concernant le présent protocole ou les opérations prévues dans le Protocole si cette annonce ou cette divulgation est requise par : (A) la loi ou la législation en vigueur ; ou (B) toute autorité boursière, organisme de réglementation (y compris, mais sans s’y limiter, la Securities and Exchange Commission aux États-Unis) ou toute institution administrative, que cette obligation ait ou non force de loi. |
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2.6 Each of the Parties confirms that it has not, to date, disclosed to anyone other than its/his counsel the existence or content of this Agreement and undertakes to continue in the future to maintain the strictest confidentiality in this regard, except upon prior agreement in writing of all Parties.
Notwithstanding the foregoing, Allurion may proceed to make a public announcement or disclosures regarding this Agreement or the operations provided for in this Agreement if said announcement or disclosure is required by: (A) law or the current legislation; or (B) any stock market authority, regulatory body (including but not limited to the United States Securities and Exchange Commission) or any administrative institution, whether or not said obligation has the force of law.
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2.7 Le présent protocole vaut transaction ferme, définitive et sans réserve entre les Parties. Les Parties conviennent que le présent protocole est établi conformément aux dispositions des articles 2044 et suivants du Code Civil, et en particulier de l'article 2052 dudit Code aux termes duquel la transaction fait obstacle à l'introduction ou à la poursuite entre les Parties d'une action en justice ayant le même objet. La présente transaction règle définitivement tout litige entre les parties, ceci afin de remplir Xxxxxx Xxxxxxx de tous ses droits, et pour mettre fin à tout différend né ou à naître entre les Parties des rapports de droit ou de fait ayant pu exister entre Xxxxxx Xxxxxxx d'une part et Allurion, Allurion France et toute société du Groupe d'autre part.
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2.7 This Agreement constitutes a firm, final and unconditional settlement agreement between the Parties. The Parties agree that this Agreement has been drawn up in accordance with the provisions of articles 2044 et seq. of the French Civil Code, and in particular article 2052 of said Code, under the terms of which the transaction shall prevent the Parties from instituting or continuing legal proceedings with the same object. The present settlement definitively settles any dispute between the parties, in order to xxxxxx Xxxxxx Xxxxxxx of all his rights, and to put an end to any dispute arising or to arise between the Parties from the legal or de facto relationships that may have existed between Xxxxxx Xxxxxxx on the one hand and Allurion, Allurion France and any Group company on the other.
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Fait en trois exemplaires originaux/in three original copies,
Via Docusign, le _______________, Via Docusign, le ______________
_________________________________ ____________________________
Allurion Technologies Inc. Monsieur/Xx. Xxxxxx Xxxxxxx
Monsieur/Xx. Xxxxxxxx Xxxx, CEO
Via Docusign, le _______________,
_________________________________
Allurion France
MonsieurMr. Xxxxxxxx Xxxx, Président
Annexe A – exercice des stock-options
Appendix A - Exercise of stock options
The following vested options shall be exercised for the amounts set forth herein:
Total shares acquired upon exercise: 165,539
Aggregate purchase price: $197,561.58
Notices of exercise are attached hereto.
STOCK OPTION EXERCISE NOTICE
Attention: Chief Executive Officer
00 Xxxxx Xxxxx, Xxxxx 000
Xxxxxx, XX 00000
Pursuant to the terms of the option agreement between the undersigned and Allurion Technologies, Inc. (the “Company”) dated August 22, 2018 (the “Agreement”) under the Company’s 2010 Stock Incentive Plan (as amended from time to time, the “Plan”), I, Xxxxxx Xxxxxxx, hereby fully exercise such option by including herein payment in the amount of $110,512,87 representing the purchase price for 97,799 Shares. I have chosen the following form(s) of payment:
[ ] 1. Cash
[ ] 2. Personal, certified, or bank check or postal money order payable to Allurion Technologies, Inc.
[ ] 3. Other (as referenced in the Agreement and described in the Plan (please describe)) _____________________________________________________.
In connection with my exercise of the option as set forth above, I hereby represent and warrant to the Company as follows:
Sincerely yours,
Name: Xxxxxx Xxxxxxx
Address:
00, xxx xxx Xxxxxxx Xxxxxxx
00000 Xxxxx, Xxxxxx
Date: December 12, 2023
STOCK OPTION EXERCISE NOTICE
Attention: Chief Executive Officer
00 Xxxxx Xxxxx, Xxxxx 000
Xxxxxx, XX 00000
Pursuant to the terms of the option agreement between the undersigned and Allurion Technologies, Inc. (the “Company”) dated March 5, 2020 (the “Agreement”) under the Company’s 2010 Stock Incentive Plan (as amended from time to time, the “Plan”), I, Xxxxxx Xxxxxxx, hereby partially exercise such option by including herein payment in the amount of $28,008.63 representing the purchase price for 23,939 Shares. I have chosen the following form(s) of payment:
[ ] 1. Cash
[ ] 2. Personal, certified, or bank check or postal money order payable to Allurion Technologies, Inc.
[ ] 3. Other (as referenced in the Agreement and described in the Plan (please describe)) _____________________________________________________.
In connection with my exercise of the option as set forth above, I hereby represent and warrant to the Company as follows:
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Sincerely yours,
Name: Xxxxxx Xxxxxxx
Address:
00, xxx xxx Xxxxxxx Xxxxxxx
00000 Xxxxx, Xxxxxx
Date: December 12, 2023
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STOCK OPTION EXERCISE NOTICE
Attention: Chief Executive Officer
00 Xxxxx Xxxxx, Xxxxx 000
Xxxxxx, XX 00000
Pursuant to the terms of the option agreement between the undersigned and Allurion Technologies, Inc. (the “Company”) dated December 31, 2020 (the “Agreement”) under the Company’s 2020 Stock Incentive Plan (as amended from time to time, the “Plan”), I, Xxxxxx Xxxxxxx, hereby partially exercise such option by including herein payment in the amount of $23,807.00 representing the purchase price for 25,060 Shares. I have chosen the following form(s) of payment:
[ ] 1. Cash
[ ] 2. Personal, certified, or bank check or postal money order payable to Allurion Technologies, Inc.
[ ] 3. Other (as referenced in the Agreement and described in the Plan (please describe)) _____________________________________________________.
In connection with my exercise of the option as set forth above, I hereby represent and warrant to the Company as follows:
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Sincerely yours,
Name: Xxxxxx Xxxxxxx
Address:
00, xxx xxx Xxxxxxx Xxxxxxx
00000 Xxxxx, Xxxxxx
Date: December 12, 2023
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STOCK OPTION EXERCISE NOTICE
Allurion Technologies, Inc.
Attention: Chief Executive Officer
00 Xxxxx Xxxxx, Xxxxx 000
Xxxxxx, XX 00000
Pursuant to the terms of the option agreement between the undersigned and Allurion Technologies, Inc. (the “Company”) dated December 7, 2021 (the “Agreement”) under the Company’s 2020 Stock Incentive Plan (as amended from time to time, the “Plan”), I, Xxxxxx Xxxxxxx, hereby partially exercise such option by including herein payment in the amount of $22,022.32 representing the purchase price for 11,714 Shares. I have chosen the following form(s) of payment:
[ ] 1. Cash
[ ] 2. Personal, certified, or bank check or postal money order payable to Allurion Technologies, Inc.
[ ] 3. Other (as referenced in the Agreement and described in the Plan (please describe)) _____________________________________________________.
In connection with my exercise of the option as set forth above, I hereby represent and warrant to the Company as follows:
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Sincerely yours,
Name: Xxxxxx Xxxxxxx
Address:
Address:
00, xxx xxx Xxxxxxx Xxxxxxx
00000 Xxxxx, Xxxxxx
Date: December 12, 2023
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STOCK OPTION EXERCISE NOTICE
Allurion Technologies, Inc.
Attention: Chief Executive Officer
00 Xxxxx Xxxxx, Xxxxx 000
Xxxxxx, XX 00000
Pursuant to the terms of the option agreement between the undersigned and Allurion Technologies, Inc. (the “Company”) dated December 7, 2021 (the “Agreement”) under the Company’s 2020 Stock Incentive Plan (as amended from time to time, the “Plan”), I, Xxxxxx Xxxxxxx, hereby partially exercise such option by including herein payment in the amount of $13,210.76 representing the purchase price for 7,027 Shares. I have chosen the following form(s) of payment:
[ ] 1. Cash
[ ] 2. Personal, certified, or bank check or postal money order payable to Allurion Technologies, Inc.
[X] 3. Other (as referenced in the Agreement and described in the Plan (please describe)) _____________________________________________________.
In connection with my exercise of the option as set forth above, I hereby represent and warrant to the Company as follows:
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Sincerely yours,
Name: Xxxxxx Xxxxxxx
Address:
00, xxx xxx Xxxxxxx Xxxxxxx
00000 Xxxxx, Xxxxxx
Date: December 12, 0000
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