EX-10.3
WRAP TECHNOLOGIES, INC.
PERFORMANCE-BASED RESTRICTED STOCK AWARD AGREEMENT
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WRAP TECHNOLOGIES, INC.
2017 EQUITY COMPENSATION PLAN
1. Grant of Award. Pursuant to the Wrap Technologies, Inc. 2017 Equity Compensation Plan (the “Plan”) for Employees, Directors, and Consultants of Wrap Technologies, Inc., a Delaware corporation (the “Company”), the Company grants to Scot Cohen (the “Participant”) an Award of Restricted Stock in accordance with Section 7(b) of the Plan (this “Award”). The number of shares of Common Stock awarded under this Restricted Stock Award Agreement (the “Agreement”) is 4,000,000 shares (the “Awarded Shares”); provided, however, that in the event that stockholder approval of an increase in shares of Common Stock reserved for issuance under the Plan (the “Stockholder Approval”) is not obtained by the Company prior to March 15, 2027, 1,600,000 of the Awarded Shares shall be null and void and shall be forfeited in accordance with Section 4 below (the “Stockholder Approval Requirement”). The “Date of Grant” of this Award
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