Common use of Equity Issuance Clause in Contracts

Equity Issuance. On the Effective Date, the Company shall issue to Executive 45,720 shares of restricted common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Equity Award”), pursuant to the Award Agreement as attached hereto as Exhibit A (the “Award Agreement”) and the HeartCore Enterprises, Inc. 2021 Equity Incentive Plan. The Equity Award shall vest in four tranches, with 25% of the shares vesting at the end of each year of the Term, subject to earlier vesting or forfeiture as set forth herein and in the Award Agreement.

Equity Issuance. On the Effective Date, the Company shall issue to Executive 45,720 13,092 shares of restricted common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Equity Award”), pursuant to the Award Agreement as attached hereto as Exhibit A (the “Award Agreement”) and the HeartCore Enterprises, Inc. 2021 Equity Incentive Plan. The Equity Award shall vest in four tranches, with 25% of the shares vesting at the end of each year of the Term, subject to earlier vesting or forfeiture as set forth herein and in the Award Agreement.

Equity Issuance. On the Effective Date, the Company shall issue to Executive 45,720 9,072 shares of restricted common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Equity Award”), pursuant to the Award Agreement as attached hereto as Exhibit A (the “Award Agreement”) and the HeartCore Enterprises, Inc. 2021 Equity Incentive Plan. The Equity Award shall vest in four tranches, with 25% of the shares vesting at the end of each year of the Term, subject to earlier vesting or forfeiture as set forth herein and in the Award Agreement.

Equity Issuance. On the Effective Date, the Company shall issue to Executive 45,720 6,481 shares of restricted common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Equity Award”), pursuant to the Award Agreement as attached hereto as Exhibit A (the “Award Agreement”) and the HeartCore Enterprises, Inc. 2021 Equity Incentive Plan. The Equity Award shall vest in four tranches, with 25% of the shares vesting at the end of each year of the Term, subject to earlier vesting or forfeiture as set forth herein and in the Award Agreement.

Equity Issuance. On the Effective Date, the Company shall issue to Executive 45,720 11,455 shares of restricted common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Equity Award”), pursuant to the Award Agreement as attached hereto as Exhibit A (the “Award Agreement”) and the HeartCore Enterprises, Inc. 2021 Equity Incentive Plan. The Equity Award shall vest in four tranches, with 25% of the shares vesting at the end of each year of the Term, subject to earlier vesting or forfeiture as set forth herein and in the Award Agreement.