REGENERATION TECHNOLOGIES, INC.
NONQUALIFIED STOCK OPTION GRANT AGREEMENT
This Grant Agreement (the “Agreement”) is entered into this day of by and between REGENERATION
TECHNOLOGIES, INC . , a Delaware corporation (the “Corporation”), and (“Grantee”), effective as of the Grant Date as
defined in Article 1 hereof.
In consideration of the premises, mutual covenants and agreements herein, the Corporation and the Grantee agree as
GRANT OF OPTION
Section 1.1 Grant of Option . The Corporation hereby grants to the Grantee, pursuant to the provisions of the
Regeneration Technologies, Inc. Omnibus Stock Plan (the “Plan”), a nonqualified stock option to purchase shares of Common
Stock, par value of $0.001 per share, of the Corporation (“Stock”), subject to the provisions of this Agreement (the “Option”).
Unless stated otherwise herein, capitalized terms in this Agreement shall have the same meaning as defined in the Plan.
Schedule A, attached hereto and incorporated herein, sets forth the following terms of the Option:
the date the Administrator approved the Option (the “Grant Date”);
the number of shares of Stock which the Grantee may purchase under the Option;
(iii) the exercise price per share (the “Exercise Price”); and
Section 2.1 Vesting Schedule . Unless the Option terminates earlier pursuant to other provisions of this Agreement, the
Option shall vest and become exercisable as provided in the following schedule:
Section 2.2 Acceleration of Vesting . Unless the Option has earlier terminated pursuant to the provision of the Agreement,
vesting of the Option shall be accelerated so that all unvested shares of Stock subject to the Option shall become one hundred
percent (100%) vested in the Grantee upon a Change of Control. For purposes of this Agreement, the term “Change of Control”
shall mean (i) the sale of all or subs