Common use of Notice of Stock Option Exercise Clause in Contracts

Notice of Stock Option Exercise. Date: [ ]2 Spring Bank Pharmaceuticals, Inc. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇-▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Treasurer Dear Sir or Madam: I am the holder of a Nonstatutory Stock Option granted to me under the Spring Bank Pharmaceuticals, Inc. (the “Company”) 2014 Stock Incentive Plan on [ ]3 for the purchase of [ ]4 shares of Common Stock of the Company at a purchase price of $[ ]5 per share. I hereby exercise my option to purchase [ ]6 shares of Common Stock (the “Shares”), for which I have enclosed [ ]7 in the amount of [ ]8. Please register my stock certificate as follows: [Name(s): 9 Address: 2 Enter date of exercise. 3 Enter the date of grant. 4 Enter the total number of shares of Common Stock for which the option was granted. 5 Enter the option exercise price per share of Common Stock. 6 Enter the number of shares of Common Stock to be purchased upon exercise of all or part of the option. 7 Enter “cash”, “personal check” or if permitted by the option or Plan, “stock certificates No. XXXX and XXXX”. 8 Enter the dollar amount (price per share of Common Stock times the number of shares of Common Stock to be purchased), or the number of shares tendered. Fair market value of shares tendered, together with cash or check, must cover the purchase price of the shares issued upon exercise.

Notice of Stock Option Exercise. Date: [ ]2 Spring Bank Pharmaceuticals, Inc. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇-▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Treasurer Dear Sir or Madam: I am the holder of a Nonstatutory an Incentive Stock Option granted to me under the Spring Bank Pharmaceuticals, Inc. (the “Company”) 2014 Stock Incentive Plan on [ ]3 for the purchase of [ ]4 shares of Common Stock of the Company at a purchase price of $[ ]5 per share. I hereby exercise my option to purchase [ ]6 shares of Common Stock (the “Shares”), for which I have enclosed [ ]7 in the amount of [ ]8. Please register my stock certificate as follows: [Name(s): _______________________9 _______________________ Address: _______________________ _______________________] 2 Enter the date of exercise. 3 Enter the date of grant. 4 Enter the total number of shares of Common Stock for which the option was granted. 5 Enter the option exercise price per share of Common Stock. 6 Enter the number of shares of Common Stock to be purchased upon exercise of all or part of the option. 7 Enter “cash”, “personal check” or if permitted by the option or Plan, “stock certificates No. XXXX and XXXX”. 8 Enter the dollar amount (price per share of Common Stock times the number of shares of Common Stock to be purchased), or the number of shares tendered. Fair market value of shares tendered, together with cash or check, must cover the purchase price of the shares issued upon exercise.