EX-10.24
Kensington Capital Acquisition Corp. VI
Nth Cycle, Inc.
Restricted Stock Agreement
This Restricted Stock Agreement (the “Agreement”) is made this 14thday of August, 2020, between Nth Cycle, Inc., a Delaware corporation (the “Company”), and Megan Patricia O’Connor (the “Stockholder”).
Recitals
WHEREAS, the Stockholder was a member of Nth Cycle, LLC, a Connecticut limited liability company, which converted from a limited liability company into the Company (the “Conversion”) pursuant to a Plan of Conversion, dated August 1, 2020 (the “Plan of Conversion”) and the Certificate of Conversion filed with the Secretary of State of the State of Delaware (the “Delaware Certificate of Conversion”, and together with the Plan of Conversion, the “Conversion Documents”);
WHEREAS, pursuant to the Conversion Documents, subject to the execution of this Agreement, the Stockholder shall receive Three Million Two Hundred Fifty Thousand (3,250,000) shares (the “Shares”) of the Company’s Common Stock, $0.0001 par value per share (the “Common Stock”); and
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