EX-10.2





 Exhibit 10.2 

5.11 ABR CORP. 
 2016 STOCK OPTION
PLAN 
 1. Purpose of Plan. The Purpose of this 2016 5.11 ABR Corp. Stock Option Plan (this “Plan”) is to
advance the interests of 5.11 ABR Corp., a Delaware corporation (the “Company”) and its stockholders by providing a means whereby employees and directors of the Company or any direct or indirect subsidiary of the Company may
be given an opportunity to purchase shares of Common Stock of the Company, par value $0.001 per share (the “Shares”), under options granted under this Plan, to the end that the Company and its direct and indirect subsidiaries
may retain present personnel upon whose judgment, initiative and efforts the successful conduct of the business of the Company and its direct and indirect subsidiaries largely depends, and may attract new personnel. 

2. Shares Subject to this Plan. Subject to the limitations and restrictions set forth in any applicable stockholders’ agreement to
which the Company is a party, the aggregate number of Shares of the Company for which options may be granted under this Plan shall be 9,375,000; provided, however, that whatever number of Shares shall remain reserved for issuance pursuant to this
Plan at the time of any stock split, stock dividend, or other change in the Company’s capitalization shall be appropriately and proportionately adjusted to reflect such stock dividend, stock split or other change in capitalization. Such Shares
shall be made available from authorized but unissued or reacquired Shares of the Company. Any Shares for which an option is granted hereunder that are released from such option for any reason shall become available for other options to be granted
under this Plan. 
 3. Administration of this Plan. This Plan shall be administered by the Board of Directors of the Company (the
“Board”) or, if established by the Board and for so long as it is duly constituted, the Compensation Committee of the Board (the “Compensation Committee”) under the supervision of the Board (references
herein to the “Compensation Committee” shall mean the “Board” for any period of time or times during which the Compensation Committee is not duly constituted or is inactive). Subject to the express provisions of this Plan, the
Compensation Committee shall have 












 
conclusive authority to construe and interpret this Plan and any stock option agreement entered into by and between the Company and an optionee thereunder (each, an “Option
Agreement”), and to establish, amend, and rescind rules and regulations for its administration. The Compensation Committee may amend this Plan and any Option Agreement without any additional consideration to affected grantees to the
extent necessary to avoid the imposition of penalties on holders of options granted under this Plan under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), even if those amendments reduce,
restrict or eliminate rights granted under this Plan or Option Agreements (or both) before those amendments. Every action, decision, interpretation or determination by the Board or Compensation Committee with respect to the application or
administration of this Plan shall be final and binding upon the Company and each person holding any option granted under this Plan. 
 4.
Granting of Options. 
 (a) The Compensation Committee from time to time shall designate from among the employees and/or directors of
the Company or any direct or indirect subsidiary of the Company those individuals to whom options to purchase Shares shall be granted under this Plan and the number of Shares which shall be subject to each option so granted. Such options shall be “non-statutory options,” which do not qualify as incentive stock options under Section 422 of the Code. The Compensation Committee shall direct an appropriate officer of the Company to execute and
deliver Option Agreements to optionees reflecting the grant of options. All actions of the Compensation Committee under this Paragraph 4 shall be conclusive. 

5. Option Period. Options granted under this Plan shall have such term as the Compensation Committee shall determine; provided,
however, that no option granted under this Plan may be exercised later than ten (10) years from the date of grant. 
 6. Option
Price. The Compensation Committee may grant stock options under this Plan in one or more tranches, each containing such number of Shares as the Compensation Committee may in its discretion determine to be in the interest of the Company. The
option price per Share, which may vary from tranche to tranche, shall be fixed at the date of grant by the Compensation Committee and 

  
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set forth in the Option Agreements, but shall be no less than the per Share fair market value of the Shares on the date of grant. The option price must be payable in cash; provided that an option
holder may satisfy the exercise price of option Shares exercised in connection with a change of control of the Company by delivering to the Company securities of the Company, which may include Shares obtained through the exercise of the option,
having a fair market value equal to the aggregate exercise price. The date on which the Compensation Committee approves the granting of an option (with the identity of the employee or director receiving the option, the maximum number of Shares
subject to the option and the minimum exercise price all fixed) shall be the date on which the option is granted; provided that there is no unreasonable delay in giving notice of the grant to the optionee. Upon exercise of an option, the applicable
optionee shall pay promptly to the Company any amount necessary to satisfy applicable federal, state or local tax requirements, which withholding obligation may be satisfied by delivering to the Company securities of the Company, which may include
shares obtained through the exercise of the applicable option, having a fair market value equal to the withholding obligation. In the event the amount of such withholding obligation is not paid promptly, the Company shall have the right to apply
from the purchase price paid any taxes required by law to be withheld by the Company with respect to such payment and the number of Shares to be issued by the Company will be reduced accordingly. 

7. Option Agreements. The Option Agreements in which option rights are granted to an employee or director shall be in the applicable
form (consistent with this Plan) from time to time approved by the Compensation Committee and shall be signed on behalf of the Company by the Chairman of the Board, the President or any Vice President of the Company other than the employee who is a
party thereto, and shall be dated as of the date of the grant of the option, as determined in Paragraph 6 hereof. No Option Agreement shall contain any feature for the deferral of compensation (other than the deferral of recognition of income until
the exercise of the option). 

  
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 8. Amendment and Termination of this Plan. The Company, by action of the Board or the
Compensation Committee, reserves the right to amend, modify, or terminate at any time this Plan, or, by action of the Board or the Compensation Committee with the consent of the optionee, to amend, modify or terminate any outstanding Option
Agreement, except that the Company may not, without further stockholder approval, increase the total number of Shares as to which options may be granted under this Plan (except increases attributable to the adjustments authorized in Paragraph 2
hereof), change the employees or class of employees eligible to receive options, or materially increase the benefits accruing to participants under this Plan. Moreover, no action may be taken by the Company (without the consent of the optionee) that
will impair or adversely alter the validity or terms of, or rights under, any option then outstanding. 
 9. Effective Date of Plan.
This Plan shall be effective upon adoption of the Plan by the Board. This Plan shall be submitted to the stockholders of the Company for their approval within twelve (12) months of the approval by the Board and, if such approval is not
obtained, this Plan shall terminate. Options may be granted prior to the obtaining of such stockholder approval but the exercise of such options shall be conditioned upon such stockholder approval. 

10. Expiration of Plan. Options may be granted under this Plan at any time prior to ten (10) years from the adoption of the Plan
by the Board, on which date this Plan shall expire but without affecting any options then outstanding. 
 11. Stockholders’
Agreement. No optionee shall be entitled to receive Shares upon the exercise of an option unless and until such person has fully complied with any and all obligations and covenants set forth in the Option Agreement to which such person is a
party and/or has become a party to and bound by that certain Stockholders’ Agreement of the Company, dated as of August 31, 2016 by and among the Company and its stockholders, as the same may be amended from time to time (the
“Stockholders’ Agreement”), by executing and delivering an additional holder signature page thereto. To facilitate the enforcement of the rights and obligations agreed to in the Stockholders’ Agreement, any person
granted options pursuant to this Plan shall, upon exercise of his or her option, acknowledge the rights and obligations under the Stockholders’ Agreement and agree that the Company shall hold such person’s Shares received upon the exercise
of an option for the benefit of that person. If any person granted options pursuant to this Plan fails to comply with all obligations and covenants set forth in the Option Agreement and such failure shall remain unremedied for a period of ten
(10) days after receipt of written notice of such failure from the Company, then his or her option shall ipso facto lapse and shall thereafter be void and unenforceable. 

  
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 12. Fair Market Value. For purposes of this Plan, the fair market value of each Share
on any relevant date shall be determined as follows: 
 (a) If the Shares are traded on an established securities market (including the
NASDAQ National Market System), the reported “closing price” on the relevant date, if it is a trading day; otherwise on the immediately preceding trading day; or 

(b) If the Shares are not traded on an established securities market, the fair market value, as determined by the Compensation Committee in
good faith under a reasonable valuation method, as of the valuation date coinciding with or, if none, most recently preceding the relevant date, provided that it is no more than twelve (12) months before the relevant date. Such fair market
valuation determination shall be made in a manner consistent with the rules prescribed under Section 409A of the Code. 
 13. Tax
Treatment Not Warranted. Notwithstanding any other provision of this Plan, the tax treatment of options under this Plan, or the Shares received upon the exercise of options, under this Plan shall not be, and is not, warranted or guaranteed.
Neither the Company, the Board, the Compensation Committee, any subsidiary, nor any of their respective delegatees shall be held liable for any taxes, penalties or other monetary amounts owed by a participant or any optionee under this Plan, the
participant’s or optionee’s survivors, including, without limitation, personal representatives, heirs, executors and administrators, or any other person as a result of a grant, modification, or amendment of an option or Option Agreement or
the adoption, modification, amendment, or administration of this Plan. 
 14. Governing Law. This Plan and related Option Agreements
shall be governed by and construed in accordance with the laws of the State of Delaware without regard to the conflicts of law principles thereof. 

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 IN WITNESS WHEREOF, this Plan is executed as of August 31, 2016. 

 

			
	5.11 ABR CORP.
		
	By:	 	/s/ Zach Sawtelle
	Name:	 	Zach Sawtelle
	Title:	 	Assistant Secretary



  
 [Signature Page to the
2016 Stock Option Plan]