Exhibit 10.13


 





	 	Austin
    Trust (Steven P. Colmar, Trustee)
	 	NSO












 


Stock Option Agreement


 


(Nonstatutory Stock Option)


 


Subject to the terms and conditions set forth
in this Stock Option Agreement, Flooring Consolidation Corp., a Delaware corporation (the “Company”),
grants to The Austin Trust dated January 1, 2006 (“Grantee”) on April 15, 2019 (the “Grant Date”)
a nonstatutory stock option (the “Option”) to purchase a maximum of 116 shares of the Company’s common
stock, par value $.01 per share (the “Option Shares”), at $1.00 per share (the “Exercise Price”).


 


Terms of Option


 


1.
Definitions


 


As used in this Stock Option Agreement, the
following terms have these meanings:


 


“Board” means the Company’s
Board of Directors.


 


“Code” means the Internal Revenue
Code of 1986, as in effect and as amended from time to time, or any successor statute thereto, together with any rules, regulations
and interpretations promulgated thereunder or with respect thereto.


 


“Common Stock” means the
Company’s common stock, par value $.01 per share.


 


“Compensation Committee”
means the Compensation Committee of the Board, or such other committee of the Board as is established from time to time in the
sole discretion of the Board, to administer the Option.


 


“Expiration Date” is defined
in Section 6.


 


“IPO” means the initial public
offering of the Company’s Common Stock pursuant to a registered underwritten public offering.


 


“IPO Price” means the price
per share to the public as set forth in the final prospectus included within the registration statement on Form S-1 filed with
the U.S. Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act for the initial public offering of
the Company’s Common Stock.


 


“Section” refers to a section
in this Stock Option Agreement, unless otherwise specified.


 


“Securities Act” means the
Securities Act of 1933.


 


“Share Issuance Date” is
defined in Section 5.


 






     


     


    

 


“Tranche” is defined in Section
5.


 


“Vesting Date” is defined
in Section 2.


 


“Vested Option Shares” is
defined in Section 2.


 


2.
Vesting and Exercisability


 


The Option shall vest upon the closing of an
IPO, the date of which shall be deemed to be the “Vesting Date,” but shall vest only in the number of Option
Shares specified below (the “Vested Option Shares”):


 


(a) if
the IPO Price is $7.50 or less, 116 of the Option Shares;


 


(b) if
the IPO Price is $8.00 or less (but greater than $7.50), 81.25 of the Option Shares;


 


(c) if
the IPO Price is $8.50 or less (but greater than $8.00), 50.75 of the Option Shares; or


 


(b) if
the IPO Price is less than $9.00 (but greater than $8.50), 23.75 of the Option Shares.


 


If the IPO Price is at least $9.00 or if an
IPO closing does not occur prior to the Expiration Date, all of the Option Shares shall be forfeited, and this Stock Option Agreement
shall terminate.


 


3.
Manner of Exercise


 


The Option may be exercised one or more times
at any time after vesting, but in any case no later than the applicable Share Issuance Date for any Tranche with respect to which
the Option is being exercised, in respect of a whole number of Vested Option Shares (and only in respect of a whole number) by:


 


(a) a
written notice of exercise delivered to the Secretary of the Company or his designated agent at the Company’s principal executive
offices; together with


 


(b) full
payment of the Exercise Price of the Option Shares in respect of which the Option is exercised; and


 


(c) full
payment of an amount equal to the Company’s federal, state and local withholding tax obligation, if any, in connection with
the Option’s exercise.


 


Notwithstanding the date(s) of Grantee’s
exercise of the Option, Vested Option Shares may only be delivered to Grantee in accordance with the Share Issuance Schedule provided
for in Section 5 of this Stock Option Agreement.


 






    2


     


    

 


4.
Manner of Payment


 


Grantee’s payment of the Exercise Price
of the Vested Option Shares in respect of which the Option is exercised, and payment of the Company’s withholding tax obligation,
if any, in connection with the exercise, shall be made by check or by a wire transfer of immediately available funds. Payment also
may be made in any other manner specifically permitted by the Board (or the Committee, if the Committee is administering the Option)
at the time of exercise.


 


5.
Share Issuance Schedule


 


After exercise in accordance with Section 3,
the Company shall issue to Grantee the Option Shares, in installments of no more than one-third (1/3) (each, a “Tranche”)
of the Vested Option Shares, on each of the first, second and third anniversaries of the Vesting Date (each, a “Share
Issuance Date”), or as soon as practicable thereafter (not to exceed thirty (30) days after the applicable Share Issuance
Date). Any Vested Option Shares in any Tranche with respect to which payment is not received prior to the applicable Share Issuance
Date for the Tranche shall expire unexercised.


 


6.
Expiration Date of Option


 


Unless earlier terminated or expired in accordance
with the terms of this Stock Option Agreement, the Option shall expire and shall no longer be exercisable if unvested after the
expiration of 18 months from the Grant Date (the “Expiration Date”).


 


7.
Covenant re Authorized Shares


 


The Company hereby covenants that upon vesting
of the Option Shares, it will have reserved for issuance and will maintain a sufficient number of authorized but unissued shares
of Common Stock to enable the Company to issue and deliver all of the Option Shares.


 


8.
Transferability


 


The Option may not be transferred, assigned
or pledged (whether by operation of law or otherwise), except as provided by will or the applicable laws of intestacy. The Option
shall not be subject to execution, attachment or similar process.


 


9.
No Stockholder Rights


 


Grantee shall not have any rights as a stockholder
of the Company (including a right to any dividends) in respect of any of the Option Shares unless and until Option Shares are issued
to Grantee in accordance with the Share Issuance Schedule. No adjustment will be made for dividends or other rights for which the
record date is prior to the date such stock certificate or certificates are issued


 






    3


     


    

 


10.
Unregistered Shares and Restrictive Legends


 


Grantee hereby represents and warrants to the
Company that Grantee understands, and Grantee hereby agrees, that (a) the Option and Option Shares, if acquired hereunder, are
and will be, respectively, acquired by the Grantee solely for Grantee’s own account, for investment purposes only, with no view
to the distribution of same; (b) the Option and the Option Shares that may be acquired hereunder are not and will not, respectively,
be registered under the Securities Act, or any applicable state securities or “blue sky” laws and may not be sold or
otherwise transferred or disposed of in the absence of (i) an effective registration statement under the Securities Act and under
any applicable state securities or “blue sky” laws or (ii) exemptions from the registration requirements thereof; (c)
the Option Shares that may be acquired hereunder shall bear restrictive legends to this effect; (d) the exemption from registration
under the Securities Act pursuant to Rule 144, if relied upon by Grantee, prohibits Grantee’s sale of the Option Shares that
may be acquired hereunder prior to 6 months (and in certain cases 1 year) after Grantee has acquired ownership of the Shares, subject
to satisfaction of certain other Rule 144 conditions; and (e) the Option is a non-qualified stock option, which does not meet the
requirements of Code Section 422.


 


11.
Code Section 409A Compliance


 


To the extent applicable, it is intended that
this Stock Option Agreement comply with the requirements of Code Section 409A and any related regulations or other guidance promulgated
thereto, and the agreement shall be interpreted and administered accordingly. To the extent that any provision of this Stock Option
Agreement violates Code Section 409A as it may be applicable, the Company may, at any time and without Grantee’s consent,
modify the terms of the Option as it determines appropriate to avoid the imposition on Grantee of interest or penalties under Code
Section 409A.


 


12.
Adjustments Upon Changes In Capital Structure


 


In the event of any change in the shares of
Common Stock by reason of a stock dividend, stock split, stock consolidation, recapitalization, reorganization, merger, split up
or the like, a pro rata automatic adjustment in the number of Option Shares and the exercise price of the Option Shares shall be
made. The Board shall use its discretion and judgment as may otherwise be necessary to determine the appropriate adjustments to
be made to preserve the benefit to Grantee of the Option, with its decision to be final and binding.


 


Notwithstanding the above, in the event of any
of the following:


 


 (a) The Company is merged
or consolidated with another entity;


 


 (b) All or substantially
all of the assets of the Company  are acquired by another person;


 


 (c) The reorganization or
liquidation of the Company; or


 


 (d) The Company entering
into a written agreement to undergo an event described in clauses (a), (b) or (c) above;


 


then the Board may, in its sole discretion, cancel the Option and
this Stock Option Agreement and cause Grantee to be paid, in cash or shares (including any shares of a successor or acquirer),
or any combination thereof, the value of the Option as determined by the Board, with such value based upon the excess of the value
of a share of Common Stock over the exercise price per share.


 






    4


     


    

 


13.
Administration


 


Subject to the terms and conditions of this
Stock Option Agreement, the Board (or the Committee, if the Committee is administering the Option) shall make all determinations
necessary or advisable for the implementation and administration of this Stock Option Agreement including, without limitation,
correcting any technical defect(s) or technical omission(s), or reconciling any technical inconsistency(ies), in the agreement
and/or any other applicable agreement.


 


14.
Governing Law


 


This Stock Option Agreement shall be governed
by, and construed in accordance with, the laws of the State of Delaware.


 


15.
Binding Effect


 


This Stock Option Agreement shall be binding
on the Company and its successors and on Grantee and Grantee’s heirs, legatees and legal representatives.


 


16.
Effective Date


 


Upon Grantee’s acceptance of this Stock
Option Agreement, this Stock Option Agreement shall become effective, retroactive to the Grant Date, without the necessity of further
action by either the Company or Grantee.


 


17.
Counterparts


 


This Stock Option Agreement may be executed
in one or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same
agreement. Facsimile copies of signed signature pages shall be binding originals


 


* * * * *





 






    5


     


    

 


IN WITNESS WHEREOF, the Company has caused
this Stock Option Agreement to be executed by its duly authorized officer, and Grantee has hereunto set his hand, all as of the
Grant Date specified above.


 


		 	Flooring Consolidation Corp.



  


	 	By	/s/ Richard Rees
	 	 	Name: 	Richard Rees
	 	 	Title:	Authorized Officer




 


Acceptance by Grantee


 


I accept this Stock Option Agreement and agree
to be bound by all of its terms.


 


	 	The Austin Trust dated January 1, 2006
	 	 	 
	 	By	/s/ Steven P. Colmar
	 	 	Steven P. Colmar, not individually but solely as Trustee




 


[Signature Page for Stock
Option Agreement]


 


 


6