(1)
Ms. Kiriaku's employment offer, finalized on October 27, 2021,
includes a restricted stock grant of 7,500 shares of common stock
of the Issuer under the FreedomHolding Corp. 2019 Equity Incentive
Plan and pursuant to an effective registration statement on Form
S-8. The grant is subject to the vesting condition of continued
employment with the Issuer through the applicable vesting date,
except upon the occurrence of certain events, such as death,
disability, change in control of the Issuer, or termination by the
Issuer not for cause. Assuming the vesting condition is satisfied,
the restricted stock grant will vest as
follows:
|
Year of
Grant
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
Number
of Shares
|
1,500
|
1,500
|
1,500
|
1,500
|
1,500
|
|
Date of
Vesting
|
October
27, 2023
|
October
27, 2023
|
October
27, 2024
|
October
27, 2025
|
October
27, 2026
|
Ms.
Kiriaku has the right to vote the shares in any matter brought for
a vote of the Issuer's common stock.