Form of Digital Angel Corporation
Restricted Stock Award Agreement
THIS RESTRICTED STOCK AWARD AGREEMENT is made as of the Grant Date set forth above
by and between Digital Angel Corporation, a Delaware corporation (the “Company”), and the individual named
above (the “Participant”) pursuant to the terms of the Amended and Restated Digital Angel Corporation
Transition Stock Option Plan, as such Plan may be amended from time to time (the “Plan”).
The Company desires, by granting to the Participant shares of the Company’s common stock, par value
$0.005 per share (the “Common Stock”), as hereinafter provided, to provide Participant with incentive to
achieve corporate objectives.
NOW, THEREFORE, in consideration of the provision of services by Participant to the Company, the
mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereby agree as follows:
Grant of Shares of Restricted Stock . The Company hereby grants to the Participant the
number of shares of Common Stock set forth above (the “Restricted Stock”) on the terms and conditions set
forth in this Agreement.
Number of Shares of Restricted Stock
Restricted Stock Award Reference No.:
Restrictions on Transfer; Forfeiture .
The shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise
encumbered by the Participant until such shares of Restricted Stock are vested as hereinafter provided.
Any attempt to dispose of shares of Restricted Stock in a manner contrary to these restrictions shall be
void and of no force or effect.
If the Participant’s active employment