Common use of Grant of Option; Vesting Clause in Contracts

Grant of Option; Vesting. (a) Subject to the terms and conditions of this Agreement and the Xiao-I Corporation 2023 Share Incentive Plan (the “Plan”), the Company hereby grants to the Optionee the right and option (this “Option”) to purchase all or any part of an aggregate of _________________________ (____) American Depository Shares (the “Shares”) of the Company, at a price per share of _________________ [currency], which is not less than one hundred percent (100%) of the Fair Market Value of an American Depository Share of the Company on the date the Option is granted (the “Exercise Price”). In the case of change in the capital structure of the Company occurring after the date hereof, the number of Shares and the Exercise Price may be adjusted as set forth in Article 9 of the Plan, as applicable. (b) Subject to the terms of this Agreement, this Option shall vest and become exercisable in the following amounts on each of the following dates: ____% on _____________, 20___; ____% on _________________, 20___; and ____% on _____________, 20___. (c) Except as provided in Section 2 of this Agreement, if the Optionee’s employment or service with the Company terminates for any reason, this Option, to the extent not then vested, shall immediately terminate without consideration.

Grant of Option; Vesting. (a) Subject to the terms and conditions of this Agreement and the Xiao-I Corporation 2023 Share Kura Sushi USA, Inc. 2018 Incentive Plan Compensation Plan, as amended from time to time (the “Plan”), the Company hereby grants to the Optionee the right and option (this “Option”) to purchase all or any part of an aggregate of _________________________ (____) American Depository Shares shares (the “Shares”) of the Company, Common Stock of the Company at a price per share of $_________________ [currency]_, which is not less than one hundred percent (100%) of the Fair Market Value of an American Depository a Share of the Common Stock of the Company on the date the Option is granted (the “Exercise Price”). In the case of any stock split, stock dividend, or like change in the capital structure of the Company Shares occurring after the date hereof, the number of Shares and the Exercise Price may shall be adjusted as set forth in Article 9 Section 9(c) of the Plan, as applicable. (b) Subject to the terms of this Agreement, this Option shall vest and become exercisable in the following amounts on each of the following dates: [____% ____________ equal installments on each of _____________, 20___; ____% on , _________________, 20___; and ____% on , _____________, 20___, [and] _____________, 20___ [and _____________, 20___] [upon the date of grant]. (c) Except as provided in Section 2 of this Agreement, if the Optionee’s employment or service with the Company Continuous Service terminates for any reason, this Option, to the extent not then vested, shall immediately terminate without consideration.