Document:

Exhibit 10.1

  

   

  
  
     

  

  
  

   

  FTC SOLAR, INC.

    2017 Stock Incentive Plan

    

    Adopted by the Board on January 9, 2017

   

  

      Approved by the Stockholders on January 9, 2017

   

  

  
  
     

  

  
   

  
     

    
      
 

  

  
   

  TABLE OF CONTENTS 

   

  

  	 	 	 	 	Page
	 	 	 	 	 
	SECTION 1.	 	PURPOSE	 	1
	 	 	 	 	 
	SECTION 2.	 	DEFINITIONS	 	1
	2.1  	 	“Award”	 	1
	2.2  	 	“Award Agreement”	 	1
	2.3  	 	“Board”	 	1
	2.4  	 	“Cause”	 	1
	2.5  	 	“Change in Control”	 	2
	2.6  	 	“Code”	 	3
	2.7  	 	“Committee”	 	3
	2.8  	 	“Company”	 	3
	2.9  	 	“Consultant”	 	3
	2.10	 	“Disability”	 	3
	2.11	 	“Employee”	 	3
	2.12	 	“Exchange Act”	 	3
	2.13	 	“Exercise Price”	 	3
	2.14	 	“Fair Market Value”	 	3
	2.15	 	“ISO”	 	3
	2.16	 	“NSO”	 	3
	2.17	 	“Option”	 	3
	2.18	 	“Other Stock Award”	 	3
	2.19	 	“Outside Director”	 	3
	2.20	 	“Parent”	 	3
	2.21	 	“Participant”	 	4
	2.22	 	“Plan”	 	4
	2.23	 	“Purchase Price”	 	4
	2.24	 	“Restricted Stock Award”	 	4
	2.25	 	“Restricted Stock Unit”	 	4
	2.26	 	“Securities Act”	 	4
	2.27	 	“Service”	 	4
	2.28	 	“Share”	 	4
	2.29	 	“Stock”	 	4
	2.30	 	“Stock Appreciation Right” or “SAR”	 	4
	2.31	 	“Subsidiary”	 	4
	2.32	 	“Ten-Percent Stockholder”	 	4
	 	 	 	 	 
	SECTION 3.	 	ADMINISTRATION	 	5
	3.1  	 	General Rule	 	5
	3.2  	 	Board Authority and Responsibility	 	5
	 	 	 	 	 
	SECTION 4.	 	ELIGIBILITY	 	5

   

  
     

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  	SECTION 5.	 	STOCK SUBJECT TO PLAN	 	5
	5.1  	 	Share Limit	 	5
	5.2  	 	Additional Shares	 	5
	5.3  	 	Incentive Stock Option Limit	 	5
	 	 	 	 	 
	SECTION 6.	 	RESTRICTED STOCK	 	6
	6.1  	 	Restricted Stock Award	 	6
	6.2  	 	Duration of Offers and Nontransferability of Rights	 	6
	6.3  	 	Consideration	 	6
	6.4  	 	Vesting Restrictions	 	6
	 	 	 	 	 
	SECTION 7.	 	STOCK OPTIONS	 	6
	7.1  	 	Stock Option Award	 	6
	7.2  	 	Number of Shares; Kind of Option	 	6
	7.3  	 	Exercise Price	 	7
	7.4  	 	Term	 	7
	7.5  	 	Exercisability	 	7
	7.6  	 	Transferability of Options	 	7
	7.7  	 	Exercise of Options on Termination of Service	 	8
	7.8  	 	No Rights as a Stockholder	 	8
	7.9  	 	Modification, Extension and Renewal of Options	 	8
	 	 	 	 	 
	SECTION 8.	 	STOCK APPRECIATION RIGHTS.	 	8
	8.1  	 	Stock Appreciation Right Award	 	8
	8.2  	 	Number of Shares	 	9
	8.3  	 	Exercise Price	 	9
	8.4  	 	Term	 	9
	8.5  	 	Exercisability	 	9
	8.6  	 	Exercise of SARs	 	9
	8.7  	 	Transferability of SARs	 	9
	8.8  	 	Exercise of SARs on Termination of Service	 	9
	8.9  	 	No Rights as a Stockholder	 	10
	8.10	 	Modification, Extension and Renewal of SARs	 	10
	 	 	 	 	 
	SECTION 9.	 	RESTRICTED STOCK UNITS AND OTHER STOCK AWARDS	 	10
	9.1  	 	Restricted Stock Unit Award	 	10
	9.2  	 	Number of Shares; Payment	 	10
	9.3  	 	Vesting Conditions	 	10
	9.4  	 	Settlement of Restricted Stock Units	 	11
	9.5  	 	Transfer Restrictions	 	11
	9.6  	 	No Rights as a Stockholder	 	11
	9.7  	 	Other Stock Awards	 	11
	 	 	 	 	 
	SECTION 10.	 	PAYMENT FOR SHARES	 	11
	10.1	 	General	 	11
	10.2	 	Surrender of Stock	 	11
	10.3	 	Services Rendered	 	11
	10.4	 	Promissory Notes	 	11

   

  
     

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  	10.5	 	Exercise/Sale	 	12
	10.6	 	Exercise/Pledge	 	12
	10.7	 	Net Exercise	 	12
	10.8	 	Other Forms of Payment	 	12
	 	 	 	 	 
	SECTION 11.	 	ADJUSTMENT OF SHARES	 	12
	11.1	 	General	 	12
	11.2	 	Dissolution or Liquidation	 	13
	11.3	 	Mergers, Consolidations and Other Corporate Transactions	 	13
	11.4	 	Reservation of Rights	 	13
	11.5	 	Buyout Provisions	 	14
	 	 	 	 	 
	SECTION 12.	 	REPURCHASE RIGHTS AND TRANSFER RESTRICTIONS	 	14
	12.1	 	Company’s Right to Repurchase Shares	 	14
	 	 	 	 	 
	SECTION 13.	 	WITHHOLDING AND OTHER TAXES	 	14
	13.1	 	General	 	14
	13.2	 	Share Withholding	 	14
	13.3	 	Cashless Exercise/Pledge	 	14
	13.4	 	Other Forms of Payment	 	14
	13.5	 	Employer Fringe Benefit Taxes	 	14
	13.6	 	Section 409A	 	15
	 	 	 	 	 
	SECTION 14.	 	LEGAL AND REGULATORY REQUIREMENTS	 	15
	 	 	 	 	 
	SECTION 15.	 	NO RETENTION RIGHTS	 	15
	 	 	 	 	 
	SECTION 16.	 	DURATION AND AMENDMENTS	 	16
	16.1	 	Term of the Plan	 	16
	16.2	 	Right to Amend or Terminate the Plan	 	16
	16.3	 	Effect of Amendment or Termination	 	16
	 	 	 	 	 
	SECTION 17.	 	EXECUTION	 	16

   

  
     

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  FTC SOLAR, INC.

   

  2017 STOCK INCENTIVE PLAN

   

  SECTION 1.      PURPOSE.

   

  The Plan was adopted by the Board of Directors effective January 9,
      2017. The purpose of the Plan is to offer selected service providers the opportunity to acquire equity in the Company through awards of Options (which may constitute incentive stock options or nonstatutory stock options), Restricted Stock Awards,
      Stock Appreciation Rights, Restricted Stock Units and Other Stock Awards.

   

  The Awards under the Plan are intended to be exempt from the securities
      qualification requirements of the California Corporations Code by satisfying the exemption under section 25102(o) of the California Corporations Code. However, Awards may be made in reliance upon other state securities law exemptions. To the extent
      that other state exemptions are relied upon, the terms of this Plan which are included only to comply with section 25102(o) shall be disregarded to the extent provided in the applicable Award Agreement. In addition, to the extent that section
      25102(o) or the regulations promulgated thereunder are amended to delete any requirements set forth in such law or regulations, the terms of this Plan which are included only to comply with section 25102(o) or the regulations promulgated thereunder
      as in effect prior to any such amendment shall be disregarded to the extent permitted by applicable law.

   

  SECTION 2.      DEFINITIONS.

   

  		2.1	“Award” shall mean, individually or collectively, a grant under the Plan of Options, Restricted Stock Awards, Stock Appreciation Rights, Restricted Stock Units or
            Other Stock Awards.

   

  		2.2	“Award Agreement” shall mean the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan, as
            determined by the Board. The Award Agreement is subject to the terms and conditions of the Plan.

   

  		2.3	“Board” shall mean the Board of Directors of the Company, as constituted from time to time.

   

  		2.4	“Cause” shall mean (i) in the case where the Employee, Consultant or Outside Director does not have an employment agreement, consulting agreement or similar
            agreement in effect with the Company or its affiliate at the time of grant of the Award or where there is such an agreement but it does not define “cause” (or words of like import), conduct related to the Employee’s, Consultant’s or Outside
            Director’s service to the Company or an affiliate for which either criminal or civil penalties against the Employee, Consultant or Outside Director may be sought, misconduct, insubordination, material violation of the Company’s or its
            affiliate’s policies, disclosing or misusing any confidential information or material concerning the Company or an affiliate or material breach of any employment agreement, consulting agreement or similar agreement, or (ii) in the case where
            the Employee, Consultant or Outside Director has an employment agreement, consulting agreement or similar agreement in effect with the Company or its affiliate at the time of grant of the Award that defines a termination for “cause” (or words
            of like import), “cause” as defined in such agreement; provided, however, that with regard to any agreement that defines “cause” on occurrence of or in connection with a change in control, such definition of “cause” shall not apply until a
            change in control actually occurs and then only with regard to a termination thereafter. Notwithstanding the foregoing, in the case of an Award which is intended to comply with section 25102(o) of the California Corporations Code, such event
            must also constitute “cause” under applicable law.

   

  
     

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  		2.5	“Change in Control” shall mean the occurrence of any of the following events:

   

  		(a)	The consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons who
            were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization fifty percent (50%) or more of the voting power of the
            outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity;

   

  		(b)	The consummation of the sale, transfer or other disposition of all or substantially all of the Company’s assets or the stockholders of the
            Company approve a plan of complete liquidation of the Company; or

   

  		(c)	Any “person” (as defined below) who, by the acquisition or aggregation of securities, is or becomes the “beneficial owner” (as defined in Rule
            13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing
            under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that any change in the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction
            in the aggregate number of outstanding shares of Base Capital Stock, and any decrease thereafter in such person’s ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s
            beneficial ownership of any securities of the Company.

   

  For purposes of Section 2.5(c), the term “person” shall have the same meaning as
      when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or
      indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the Stock.

   

  Notwithstanding the foregoing, the term “Change in Control” shall not include (a)
      a transaction the sole purpose of which is to change the state of the Company’s incorporation, (b) a transaction the sole purpose of which is to form a holding company that will be owned in substantially the same proportions by the persons who held
      the Company’s securities immediately before such transaction, (c) a transaction the sole purpose of which is to make an initial public offering of the Company’s Stock or (d) any change in the beneficial ownership of the securities of the Company as a
      result of a private financing of the Company that is approved by the Board.

   

  
     

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  		2.6	“Code” shall mean the Internal Revenue Code of 1986, as amended.

   

  		2.7	“Committee” shall mean the committee designated by the Board, which is authorized to administer the Plan, as described in Section 3 hereof.

   

  		2.8	“Company” shall mean FTC Solar, Inc., a Delaware corporation.

   

  		2.9	“Consultant” shall mean a consultant or advisor who is not an Employee or Outside Director and who performs bona fide services for the Company, a Parent or
            Subsidiary.

   

  		2.10	“Disability” shall mean a condition that renders an individual unable to engage in substantial gainful activity by reason of any medically determinable physical
            or mental impairment.

   

  		2.11	“Employee” shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary and who is an “employee” within the meaning of section
            3401(c) of the Code and regulations issued thereunder.

   

  		2.12	“Exchange Act” shall mean the U.S. Securities and Exchange Act of 1934, as amended.

   

  		2.13	“Exercise Price” shall mean the amount for which one Share may be purchased upon the exercise of an Option, or the amount from which appreciation is measured upon
            exercise of a Stock Appreciation Right, as specified in an Award Agreement.

   

  		2.14	“Fair Market Value” means, with respect to a Share, the market price of one Share of Stock, determined by the Board in good faith. Such determination shall be
            conclusive and binding on all persons.

   

  		2.15	“ISO” shall mean an incentive stock option described in section 422(b) of the Code.

   

  		2.16	“NSO” shall mean a stock option that is not an ISO.

   

  		2.17	“Option” shall mean an ISO or NSO granted under the Plan and entitling the holder to purchase Shares.

   

  		2.18	“Other Stock Award” shall mean an Award based in whole or in part by reference to Stock which is granted pursuant to the terms and conditions of Section 9.7 of the
            Plan.

   

  		2.19	“Outside Director” shall mean a member of the Board of the Company, a Parent or a Subsidiary who is not an Employee.

   

  		2.20	“Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than
            the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the
            adoption of the Plan shall be considered a Parent commencing as of such date.

   

  
     

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  		2.21	“Participant” shall mean the holder of an outstanding Award.

   

  		2.22	“Plan” shall mean the FTC Solar, Inc. 2017 Stock Incentive Plan.

   

  		2.23	“Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan pursuant to a Restricted Stock Award.

   

  		2.24	“Restricted Stock Award” shall mean an award or sale of Shares pursuant to the terms and conditions of Section 6 of the Plan.

   

  		2.25	“Restricted Stock Unit” shall mean an Award of an unfunded and unsecured right to receive Shares (or cash or a combination of Shares and cash, as determined in the
            sole discretion of the Board) upon settlement of the Award, which is granted pursuant to the terms and conditions of Section 9 of the Plan.

   

  		2.26	“Securities Act” shall mean the U.S. Securities Act of 1933, as amended.

   

  		2.27	“Service” shall mean service as an Employee, a Consultant or an Outside Director, subject to such further limitations as may be set forth in the applicable Award
            Agreement. Service shall be deemed to continue during a bona fide leave of absence approved by the Company in writing if and to the extent that continued crediting of Service for purposes of the Plan is expressly required by the terms of such
            leave or by applicable law, as determined by the Company. However, for purposes of determining whether an Option is entitled to ISO status, and to the extent required under the Code, an Employee’s employment will be treated as terminating three
            (3) months after such Employee went on leave, unless such Employee’s right to return to active work is guaranteed by law or by a contract or such Employee immediately returns to active work. The Company determines which leaves count toward
            Service, and when Service terminates for all purposes under the Plan.

   

  		2.28	“Share” shall mean one share of Stock, as adjusted in accordance with Section 11 (if applicable).

   

  		2.29	“Stock” shall mean the common stock of the Company.

   

  		2.30	“Stock Appreciation Right” or “SAR” shall mean a stock appreciation right which is granted pursuant to the terms and conditions of Section 8 of the Plan.

   

  		2.31	“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other
            than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status
            of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date.

   

  		2.32	“Ten-Percent Stockholder” means an individual who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock of the
            Company, its Parent or any of its Subsidiaries. In determining stock ownership for purposes of this Section 2.32, the attribution rules of section 424(d) of the Code shall be applied.

   

  
     

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  SECTION 3.      ADMINISTRATION.

   

  		3.1	General Rule. The Plan shall be administered by the Board. However, the Board may delegate any or all administrative functions under the Plan otherwise exercisable
            by the Board to one or more Committees. Each Committee shall consist of at least one member of the Board who has been appointed by the Board. Each Committee shall have the authority and be responsible for such functions as the Board has
            assigned to it. If a Committee has been appointed, any reference to the Board in the Plan shall be construed as a reference to the Committee to whom the Board has assigned a particular function. To the extent permitted by applicable law, the
            Board may also authorize one or more officers of the Company to designate Employees, other than such authorized officer or officers, to receive Awards and/or to determine the number of such Awards to be received by such persons; provided,
            however, that the Board shall specify the total number of Awards that such officer or officers may so award.

   

  		3.2	Board Authority and Responsibility. Subject to the provisions of the Plan, the Board shall have full authority and discretion to take any actions it deems
            necessary or advisable for the administration of the Plan. All decisions, interpretations and any other actions of the Board with respect to the Plan shall be final and binding on all persons deriving rights under the Plan.

   

  SECTION 4.      ELIGIBILITY.

   

  Only Employees shall be eligible for the grant of ISOs. Only
      Employees, Consultants and Outside Directors shall be eligible for the grant of NSOs, Restricted Stock Awards, Stock Appreciation Rights, Restricted Stock Units or Other Stock Awards.

   

  SECTION 5.      STOCK SUBJECT TO PLAN.

   

  		5.1	Share Limit. Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be Seven Hundred Seventy-Five Thousand (775,000) Shares
            (the “Authorized Share Limit”). The number of Shares which are subject to Options or other rights to acquire Shares pursuant to Awards which are outstanding at any time shall not exceed the number of Shares which then remain available for
            issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or
            treasury Shares.

   

  		5.2	Additional Shares. Shares subject to Awards that are cancelled, forfeited, settled in cash or expire by their terms, and Shares subject to Awards that are used to
            pay withholding obligations or the Exercise Price of an Option, will again be available for grant and issuance in connection with other Awards. However, Shares that have actually been issued under the Plan will not be added back to the number
            of Shares available for issuance under the Plan unless reacquired by the Company pursuant to a forfeiture provision.

   

  		5.3	Incentive Stock Option Limit. Subject to the foregoing limits, the aggregate number of Shares that may be issued under the Plan upon the exercise of ISOs shall not
            exceed ten times the Authorized Share Limit set forth in Section 5.1 (as amended from time to time and as adjusted pursuant to Section 11), plus, only to the extent allowable under section 422 of the Code, any Shares previously issued under the
            Plan that are reacquired by the Company pursuant to a forfeiture provision.

   

  
     

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  SECTION 6.      RESTRICTED STOCK.

   

  		6.1	Restricted Stock Award. Subject to the terms of the Plan, the Board may grant Restricted Stock Awards to Participants in such amounts as the Board, in its sole
            discretion, may determine. Each award or sale of Shares pursuant to a Restricted Stock Award under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. Such award or sale shall be subject to all applicable
            terms and conditions of the Plan and may be subject to any other terms and conditions imposed by the Board, as set forth in the Award Agreement, that are not inconsistent with the Plan. The provisions of such Award Agreements need not be
            identical.

   

  		6.2	Duration of Offers and Nontransferability of Rights. Any right to acquire Shares pursuant to a Restricted Stock Award shall automatically expire if not exercised
            by the Participant within thirty (30) days after the Company communicates the grant of such right to the Participant, unless otherwise determined by the Board. Such right shall be nontransferable and shall be exercisable only by the Purchaser
            to whom the right was granted, except to the extent otherwise determined by the Board in its sole discretion.

   

  		6.3	Consideration. To the extent an Award consists of newly issued Shares, the Award recipient shall furnish consideration having a value not less than the par value
            of such Shares as determined by the Board. Subject to the foregoing in this Section 6.3, the Board shall determine the amount of the Purchase Price in its sole discretion. The Purchase Price shall be payable in a form described in Section 10.

   

  		6.4	Vesting Restrictions. Each award or sale of Shares shall be subject to such vesting and forfeiture conditions as the Board may determine. Such restrictions shall
            be set forth in the applicable Award Agreement and, unless otherwise provided in the Award Agreement, shall apply to any dividends paid with respect to such Shares. The vesting of a Restricted Stock Award granted to a Participant for Service as
            an Outside Director shall be automatically accelerated in full in the event of a Change in Control.

   

  SECTION 7.      STOCK OPTIONS.

   

  		7.1	Stock Option Award. Subject to the terms of the Plan, the Board may grant Options to Participants in such amounts as the Board, in its sole discretion, may
            determine. Each grant of an Option under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other
            terms and conditions imposed by the Board, as set forth in the Option Award Agreement, which are not inconsistent with the Plan. The provisions of the various Option Award Agreements entered into under the Plan need not be identical.

   

  		7.2	Number of Shares; Kind of Option. Each Option Award Agreement shall specify the number of Shares that are subject to the Option and shall provide for the
            adjustment of such number in accordance with Section 11. The Award Agreement shall also specify whether the Option is intended to be an ISO or an NSO.

   

  
     

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  		7.3	Exercise Price. Each Award Agreement shall set forth the Exercise Price, which shall be payable in a form described in Section 10. Subject to the following
            requirements, the Exercise Price under any Option shall be determined by the Board in its sole discretion:

   

  		(a)	Minimum Exercise Price for ISOs. The Exercise Price per Share of an ISO shall not be less than one hundred percent (100%) of the Fair
            Market Value of a Share on the date of grant; provided, however, that the Exercise Price per Share of an ISO granted to a Ten-Percent Stockholder shall not be less than one hundred ten percent (110%) of the Fair Market Value of a Share on the
            date of grant.

   

  		(b)	Minimum Exercise Price for NSOs. The Exercise Price per Share of an NSO shall not be less than one-hundred percent (100%) of the Fair
            Market Value of a Share on the date of grant.

   

  		7.4	Term. Each Award Agreement shall specify the term of the Option. The term of an Option shall in no event exceed ten (10) years from the date of grant. The term of
            an ISO granted to a Ten-Percent Stockholder shall not exceed five (5) years from the date of grant. Subject to the foregoing, the Board in its sole discretion shall determine when an Option shall expire.

   

  		7.5	Exercisability. Each Award Agreement shall specify the date when all or any installment of the Option is to become exercisable; provided, however, that no Option
            shall be exercisable unless the Participant has delivered to the Company an executed copy of the Award Agreement. Subject to the following restrictions, the Board in its sole discretion shall determine when all or any installment of an Option
            is to become exercisable and may, in its discretion, provide for accelerated exercisability in the event of a Change in Control or other events:

   

  		(a)	Options Granted to Outside Directors. The vesting and exercisability of an Option granted to a Participant for Service as an Outside
            Director shall be automatically accelerated in full in the event of a Change in Control.

   

  		(b)	Early Exercise. An Option Award Agreement may permit the Participant to exercise the Option prior to the time that it has become vested
            provided that the Shares acquired on exercise will be treated as unvested and subject to a right of repurchase by the Company and any other restrictions that the Board determines appropriate as set forth in the Award Agreement.

   

  		7.6	Transferability of Options. During a Participant’s lifetime, his or her Options shall be exercisable only by the Participant or by the Participant’s guardian or
            legal representatives, and shall not be transferable other than by beneficiary designation, will or the laws of descent and distribution. Notwithstanding the foregoing, however, to the extent permitted by the Board in its sole discretion, an
            NSO may be transferred by the Participant to a revocable trust or to one or more family members or a trust established for the benefit of the Participant and/or one or more family members to the extent permitted by section 260.140.41(c) of
            Title 10 of the California Code of Regulations and Rule 701 of the Securities Act.

   

  
     

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  		7.7	Exercise of Options on Termination of Service. Each Option shall set forth the extent to which the Participant shall have the right to exercise the Option
            following termination of the Participant’s Service. Each Award Agreement shall provide the Participant with the right to exercise the Option following the Participant’s termination of Service during the Option term, to the extent the Option was
            exercisable for vested Shares upon termination of Service, for at least thirty (30) days if termination of Service is due to any reason other than Cause, death or Disability, and for at least six (6) months after termination of Service if due
            to death or Disability (but in no event later than the expiration of the Option term). If the Participant’s Service is terminated for Cause, the Option Award Agreement may provide that the Participant’s right to exercise the Option terminates
            immediately on the effective date of the Participant’s termination. To the extent the Option was not exercisable for vested Shares upon termination of Service, the Option shall terminate when the Participant’s Service terminates. Subject to the
            foregoing, such provisions shall be determined in the sole discretion of the Board, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service.

   

  		7.8	No Rights as a Stockholder. A Participant, or a transferee of a Participant, shall have no rights as a stockholder with respect to any Shares covered by the Option
            until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of the Option. No adjustments shall be made, except as provided in Section 11.

   

  		7.9	Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Board may modify, extend or renew outstanding Options or may accept the
            cancellation of outstanding Options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for the same or a different number of Shares and at the same or a different Exercise Price,
            or in return for the grant of a different Award for the same or a different number of Shares. The foregoing notwithstanding, except for a modification required to comply with any applicable law, regulation or rule, no modification of an Option
            shall, without the consent of the Participant, materially impair his or her rights or increase the Participant’s obligations under such Option; provided, however, that a modification which may cause an ISO to become an NSO shall not be treated
            as materially impairing a Participant’s rights or increasing a Participant’s obligations under an Award.

   

  SECTION 8.      STOCK APPRECIATION RIGHTS.

   

  		8.1	Stock Appreciation Right Award. Subject to the terms of the Plan, the Board may grant Stock Appreciation Rights to Participants in such amounts as the Board, in
            its sole discretion, may determine. Each grant of a Stock Appreciation Right under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. The Stock Appreciation Right shall be subject to all applicable terms
            and conditions of the Plan and may be subject to any other terms and conditions imposed by the Board, as set forth in the Award Agreement, which are not inconsistent with the Plan. The provisions of the various Stock Appreciation Right Award
            Agreements entered into under the Plan need not be identical.

   

  
     

    -8-

    
      
 

  

   

  		8.2	Number of Shares. Each Award Agreement shall specify the number of Shares to which the SAR pertains and shall provide for the adjustment of such number in
            accordance with Section 11.

   

  		8.3	Exercise Price. Each Award Agreement shall specify the Exercise Price of the SAR. The Exercise Price shall not be less than 100% of the Fair Market Value of a
            Share on the date of grant.

   

  		8.4	Term. Each Award Agreement shall specify the term of the SAR. The term of a SAR shall in no event exceed ten (10) years from the date of grant. Subject to the
            foregoing, the Board in its sole discretion shall determine when an Option shall expire.

   

  		8.5	Exercisability. Each Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable; provided, however, that no SAR shall
            be exercisable unless the Participant has delivered to the Company an executed copy of the Award Agreement. The Board in its sole discretion shall determine when all or any installment of a SAR is to become exercisable and may, in its
            discretion, provide for accelerated exercisability in the event of a Change in Control or other events. The vesting and exercisability of a SAR granted to a Participant for Service as an Outside Director shall be automatically accelerated in
            full in the event of a Change in Control. SARs may be awarded in combination with Options, and such Awards may provide that the SARs will not be exercisable unless the related Options are forfeited.

   

  		8.6	Exercise of SARs. Upon exercise of a SAR, the Participant (or any person having the right to exercise the SAR after his or her death) shall receive from the
            Company (a) Shares, (b) cash or (c) a combination of Shares and cash, as the Board shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate, be equal to the amount by
            which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price.

   

  		8.7	Transferability of SARs. During a Participant’s lifetime, his or her SARs shall be exercisable only by the Participant or by the Participant’s guardian or legal
            representatives, and shall not be transferable other than by beneficiary designation, will or the laws of descent and distribution. Notwithstanding the foregoing, however, to the extent permitted by the Board in its sole discretion, a SAR may
            be transferred by the Participant to a revocable trust or to one or more family members or a trust established for the benefit of the Participant and/or one or more family members to the extent permitted by section 260.140.41(c) of Title 10 of
            the California Code of Regulations and Rule 701 of the Securities Act.

   

  		8.8	Exercise of SARs on Termination of Service. Each SAR shall set forth the extent to which the Participant shall have the right to exercise the SAR following
            termination of the Participant’s Service. Each Award Agreement shall provide the Participant with the right to exercise the SAR following the Participant’s termination of Service during the SAR term, to the extent the SAR was vested upon
            termination of Service, for at least thirty (30) days if termination of Service is due to any reason other than Cause, death or Disability, and for at least six (6) months after termination of Service if due to death or Disability (but in no
            event later than the expiration of the SAR term). If the Participant’s Service is terminated for Cause, the SAR Award Agreement may provide that the Participant’s right to exercise the SAR terminates immediately on the effective date of the
            Participant’s termination. To the extent the SAR was not vested upon termination of Service, the SAR shall terminate when the Participant’s Service terminates. Subject to the foregoing, such provisions shall be determined in the sole discretion
            of the Board, need not be uniform among all SARs issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service.

   

  
     

    -9-

    
      
 

  

   

  		8.9	No Rights as a Stockholder. A Participant, or a transferee of a Participant, shall have no rights as a stockholder with respect to any Shares covered by the SAR
            unless and until such person becomes entitled to receive Shares upon exercise of the SAR. No adjustments shall be made, except as provided in Section 11.

   

  		8.10	Modification, Extension and Renewal of SARs. Within the limitations of the Plan, the Board may modify, extend or renew outstanding SARs or may accept the
            cancellation of outstanding SARs (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price, or in
            return for the grant of a different Award for the same or a different number of Shares. The foregoing notwithstanding, except for a modification required to comply with any applicable law, regulation or rule, no modification of a SAR shall,
            without the consent of the Participant, materially impair his or her rights or increase the Participant’s obligations under such SAR.

   

  SECTION 9.      RESTRICTED STOCK UNITS AND OTHER STOCK AWARDS.

   

  		9.1	Restricted Stock Unit Award. Subject to the terms of the Plan, the Board may grant Restricted Stock Units to Participants in such amounts as the Board, in its sole
            discretion, may determine. Each Award of Restricted Stock Units under the Plan shall be evidenced by an Award Agreement between the Participant and the Company. Such Award shall be subject to all applicable terms and conditions of the Plan and
            any other terms and conditions imposed by the Board, as set forth in the Award Agreement, that are not inconsistent with the Plan. The provisions of the various Restricted Stock Unit Award Agreements entered into under the Plan need not be
            identical.

   

  		9.2	Number of Shares; Payment. Each Restricted Stock Unit Award Agreement shall specify the number of Shares that are subject to the Award and shall provide for the
            adjustment of such number in accordance with Section 11. Unless otherwise provided in the Award Agreement, no consideration other than services shall be required of the Participant for a Restricted Stock Unit Award.

   

  		9.3	Vesting Conditions. Each Award of Restricted Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction
            of the conditions specified in the Award Agreement. The Board may determine, at the time of granting Restricted Stock Units or thereafter, that all or part of such Award shall become vested in the event that a Change in Control occurs with
            respect to the Company. The vesting of a Restricted Stock Unit Award granted to a Participant for Service as an Outside Director shall be automatically accelerated in full in the event of a Change in Control.

   

  
     

    -10-

    
      
 

  

   

  		9.4	Settlement of Restricted Stock Units. Unless otherwise provided in the Award Agreement, Restricted Stock Units shall be settled when they vest. The Award Agreement
            may provide that settlement may be deferred to any later date, provided that the terms of such deferral satisfy the requirements of section 409A of the Code. Settlement of the Restricted Stock Units may be made in the form of cash or whole
            Shares or a combination thereof, as determined by the Board in its sole discretion.

   

  		9.5	Transfer Restrictions. Unless otherwise provided in the Award Agreement, Restricted Stock Units may not be transferred other than by beneficiary designation, will
            or the laws of descent and distribution.

   

  		9.6	No Rights as a Stockholder. A Participant, or a transferee of a Participant, shall have no voting, dividend or other rights as a stockholder with respect to any
            Shares covered by a Restricted Stock Unit Award until such person receives such Shares upon settlement of the Award. Unless the Award Agreement provides otherwise, the Participant shall have no right to be credited with amounts equal to
            dividends paid on Shares subject to the Restricted Stock Unit Award. A Participant shall have no rights under a Restricted Stock Unit Award other than those of a general creditor of the Company.

   

  		9.7	Other Stock Awards. The Board may grant other forms of Award under the Plan that are based in whole or in part on Stock or the value thereof. Subject to the
            provisions of the Plan, the Board shall have authority in its sole discretion to determine the terms and conditions of such Other Stock Awards, including the number of Shares (or the cash equivalent thereof) to be granted pursuant to such
            Awards.

   

  SECTION 10.   PAYMENT FOR SHARES.

   

  		10.1	General. The entire Purchase Price of Shares or Exercise Price of Options issued under the Plan shall be payable in cash, cash equivalents or one of the other
            forms provided in this Section 10, to the extent provided under Applicable Law.

   

  		10.2	Surrender of Stock. To the extent permitted by the Board in its sole discretion, payment may be made in whole or in part by surrendering (in good form for
            transfer), or attesting to ownership of, Shares which have already been owned by the Participant; provided, however, that payment may not be made in such form if such action would cause the Company to recognize any (or additional) compensation
            expense with respect to the Award for financial reporting purposes. Such Shares shall be valued at their Fair Market Value on the date of surrender.

   

  		10.3	Services Rendered. As determined by the Board in its discretion, Shares may be awarded under the Plan in consideration of past or future services rendered to the
            Company, a Parent or Subsidiary.

   

  		10.4	Promissory Notes. To the extent permitted by the Board in its sole discretion, payment may be made in whole or in part with a full-recourse promissory note
            executed by the Participant. The interest rate payable under the promissory note shall not be less than the minimum rate required to avoid the imputation of income for U.S. federal income tax purposes. Shares shall be pledged as security for
            payment of the principal amount of the promissory note, and interest thereon; provided that if the Participant is a Consultant, such note must be collateralized with such additional security to the extent required by applicable laws. In no
            event shall the stock certificate(s) representing such Shares be released to the Participant until such note is paid in full. Subject to the foregoing, the Board shall determine the term, interest rate and other provisions of the note.

   

  
     

    -11-

    
      
 

  

   

  		10.5	Exercise/Sale. To the extent permitted by the Board in its sole discretion, and if a public market for the Shares exists, payment may be made in whole or in part
            by delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of all or part of the Exercise
            Price and any withholding taxes.

   

  		10.6	Exercise/Pledge. To the extent permitted by the Board in its sole discretion, and if a public market for the Shares exists, payment may be made in whole or in part
            by delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker or lender approved by the Company to pledge Shares, as security for a loan, and to deliver all or part of the loan proceeds to the Company in
            payment of all or part of the Exercise Price and any withholding taxes.

   

  		10.7	Net Exercise. To the extent permitted by the Board in its sole discretion, payment of the Exercise Price may be made by a “net exercise” arrangement pursuant to
            which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate Exercise Price (plus tax withholdings, if
            applicable) and any remaining balance of the aggregate Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Participant in cash or other form of
            payment permitted under the Option Award Agreement.

   

  		10.8	Other Forms of Payment. To the extent permitted by the Board in its sole discretion, payment may be made in any other form that is consistent with applicable laws,
            regulations and rules.

   

  SECTION 11.   ADJUSTMENT OF SHARES.

   

  		11.1	General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of an extraordinary dividend payable
            in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a recapitalization, a spin-off, a
            reclassification, or a similar occurrence, the Board shall make appropriate adjustments to the following: (i) the number and class of Shares available for future Awards under Section 5; (ii) the number and class of Shares covered by each
            outstanding Award; (iii) the Exercise Price under each outstanding Award; and (iv) the price of Shares subject to the Company’s right of repurchase; provided, however, that fractions of a Share will not be issued but will either be paid in cash
            at the Fair Market Value of such fraction of a Share or will be rounded down to the nearest whole Share, as determined by the Board.

   

  
     

    -12-

    
      
 

  

   

  		11.2	Dissolution or Liquidation. To the extent not previously exercised or settled, Awards shall terminate immediately prior to the dissolution or liquidation of the
            Company.

   

  		11.3	Mergers, Consolidations and Other Corporate Transactions. In the event that the Company is a party to a merger or other consolidation, or in the event of a
            transaction providing for the sale of all or substantially all of the Company’s stock or assets, or in the event of such other corporate transaction, such as a separation or reorganization, outstanding Awards shall be subject to the agreement
            of merger, consolidation, sale or other corporate transaction, in each case without the Participant’s consent. Subject to compliance with Section 409A of the Code, such agreement may provide, without limitation, for one or more of the
            following: (i) the continuation of the outstanding Awards by the Company, if the Company is a surviving corporation; (ii) the assumption, in whole or in part, of the outstanding Awards by the surviving corporation or a successor entity or its
            parent; (iii) the substitution, in whole or in part, by the surviving corporation or a successor entity or its parent of its own awards for such outstanding Awards; (iv)  exercisability and settlement, in whole or in part, of outstanding Awards
            to the extent vested and exercisable (if applicable) under the terms of the Award Agreement followed by the cancellation of such Awards (whether or not then vested or exercisable) upon or immediately prior to the effectiveness of the
            transaction; or (v) settlement of the intrinsic value of the outstanding Awards to the extent vested and exercisable (if applicable) under the terms of the Award Agreement, with payment made in cash or cash equivalents or property (including
            cash or property subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Awards or the underlying Shares) followed by the cancellation of such Awards (whether or not then vested or exercisable) (and,
            for the avoidance of doubt, if as of the date of the occurrence of the transaction the Board determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such
            Award may be terminated by the Company without payment). For avoidance of doubt, the value of any property, including the value of property provided in settlement of an Award, shall be determined by the Committee and, to extent permitted under
            Section 409A of the Code, the settlement of an Award may provide for payment to be made on a delayed basis and/or contingent basis in recognition of and a reflection of escrows, earn-outs, or other limitations, conditions, contingencies or
            holdbacks applicable to holders of Stock in connection with the transaction. Any acceleration of payment of an amount that is subject to section 409A of the Code will be delayed, if necessary, until the earliest time that such payment would be
            permissible under Section 409A without triggering any additional taxes applicable under Section 409A. The Company will have no obligation to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly.

   

  		11.4	Reservation of Rights. Except as provided in this Section 11, a Participant shall have no rights by reason of any subdivision or consolidation of shares of stock
            of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class,
            shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Award. The grant of an Award pursuant to the Plan shall not affect in any way the right or power of the
            Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

   

  
     

    -13-

    
      
 

  

   

  		11.5	Buyout Provisions. The Board may at any time (a) offer to buy out for a payment in cash or cash equivalents an Award previously granted, or (b) authorize a
            Participant to elect to cash out an Award previously granted, in either case at such time and based upon such terms and conditions as the Board shall establish.

   

  SECTION 12.   REPURCHASE RIGHTS AND TRANSFER RESTRICTIONS.

   

  		12.1	Company’s Right to Repurchase Shares. Shares acquired through an Award shall be subject to such forfeiture conditions, rights of repurchase, rights of first
            refusal and other transfer restrictions as the Board may determine. Such restrictions shall be set forth in the applicable Award Agreement and, unless otherwise provided in the Award Agreement, shall apply to any dividends paid with respect to
            such Shares. Such restrictions shall apply in addition to any restrictions otherwise applicable to holders of Shares generally.

   

  SECTION 13.   WITHHOLDING AND OTHER TAXES.

   

  		13.1	General. A Participant or his or her successor shall pay, or make arrangements satisfactory to the Board for the satisfaction of, any federal, state, local or
            foreign withholding tax obligations that may arise in connection with the Plan. The Company shall not be required to issue any Shares or make any cash payment under the Plan if such obligations are not timely satisfied.

   

  		13.2	Share Withholding. The Board may permit a Participant to satisfy all or part of his or her withholding tax obligations by having the Company withhold all or a
            portion of any Shares that would otherwise be issued to him or her upon exercise or settlement of an Award, or by surrendering all or a portion of any Shares that he or she previously acquired; provided, however, that in no event may a
            Participant surrender Shares in excess of the legally required minimum tax withholding amount. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash. Any payment of taxes by assigning
            Shares to the Company may be subject to restrictions, including any restrictions required by rules of any federal or state regulatory body or other authority. All elections by Participants to have Shares withheld for this purpose shall be made
            in such form and under such conditions as the Board may deem necessary or advisable.

   

  		13.3	Cashless Exercise/Pledge. The Board may provide that if Company Shares are publicly traded at the time of exercise, arrangements may be made to meet the
            Participant’s withholding obligation by cashless exercise or pledge.

   

  		13.4	Other Forms of Payment. The Board may permit such other means of tax withholding as it deems appropriate.

   

  		13.5	Employer Fringe Benefit Taxes. To the extent permitted by applicable federal, state, local and foreign law, a Participant shall be liable for any fringe benefit
            tax that may be payable by the Company and/or the Participant’s employer in connection with any award granted to the Participant under the Plan, which the Company and/or employer may collect by any reasonable method established by the Company
            and/or employer.

   

  
     

    -14-

    
      
 

  

   

  		13.6	Section 409A. Each Award that provides for “nonqualified deferred compensation” within the meaning of section 409A of the Code shall be subject to such additional
            rules and requirements as specified by the Board from time to time in order to comply with Section 409A. If any amount under such an Award is payable upon a “separation from service” (within the meaning of section 409A) to a Participant who is
            then considered a “specified employee” (within the meaning of section 409A), then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after the Participant’s separation from service, or (ii) the
            Participant’s death, but only to the extent such delay is necessary to prevent the Award from being subject to interest, penalties and/or additional tax imposed pursuant to section 409A. In addition, the settlement of any such Award may not be
            accelerated except to the extent permitted by section 409A. The provisions of the Plan and each Award Agreement are intended to comply with or be exempt from the provisions of section 409A and shall be interpreted in a manner consistent
            therewith. Notwithstanding any other provision of the Plan or an Award Agreement to the contrary, the Board may in its sole discretion (but without any obligation to do so) amend the terms of any Award to the extent it determines necessary to
            comply with section 409A.

   

  SECTION 14.   LEGAL AND REGULATORY REQUIREMENTS.

   

  Shares shall not be issued under the Plan unless the issuance and
      delivery of such Shares complies with (or is exempt from) all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and
      regulations and the regulations of any stock exchange on which the Company’s securities may then be listed, and the Company has obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or
      advisable. The Company shall not be liable to a Participant or other persons as to: (a) the non-issuance or sale of Shares as to which the Company has not obtained from any regulatory body having jurisdiction the authority deemed by the Company’s
      counsel to be necessary to the lawful issuance and sale of any Shares under the Plan; and (b) any tax consequences expected, but not realized, by any Participant or other person due to the receipt, exercise or settlement of any Award granted under
      the Plan.

   

  SECTION 15.   NO RETENTION RIGHTS.

   

  No provision of the Plan, or any Award granted under the Plan, shall be
      construed to give any Participant any right to become an Employee or other Service provider, to be treated as an Employee, or to continue in Service for any period of time, or restrict in any way the rights of the Company (or Parent or Subsidiary to
      whom the Participant provides Service), which rights are expressly reserved, to terminate the Service of such person at any time and for any reason, with or without cause.

   

  
     

    -15-

    
      
 

  

   

  SECTION 16.   DURATION AND AMENDMENTS.

   

  		16.1	Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s
            stockholders. In the event that the stockholders fail to approve the Plan within twelve (12) months after its adoption by the Board, any grants, exercises or sales that have already occurred under the Plan shall be rescinded, and no additional
            grants, exercises or sales shall be made under the Plan after such date. The Plan shall terminate automatically ten (10) years after the later of (i) its adoption by the Board, or (ii) the most recent increase in the number of Shares reserved
            under Section 5 (other than pursuant to Section 11) that was approved by stockholders on or within twelve (12) months after the Board’s approval of such increase. The Plan may be terminated on any earlier date pursuant to Section 16.2 below.

   

  		16.2	Right to Amend or Terminate the Plan. The Board may amend, suspend, or terminate the Plan at any time and for any reason. An amendment of the Plan shall not be
            subject to the approval of the Company’s stockholders unless it (i) increases the number of Shares available for issuance under the Plan (except as provided in Section 11) or (ii) materially changes the class of persons who are eligible for the
            grant of Awards.

   

  		16.3	Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise or settlement of an Award
            granted prior to such termination. Except as otherwise permitted by the Plan or an Award Agreement or as required to comply with any applicable law, regulation or rule, the termination of the Plan, or any amendment thereof, shall not have a
            material adverse effect on any Award previously granted under the Plan without the holder’s consent; provided, however, that an amendment which may cause an ISO to become an NSO shall not be treated as having a material adverse effect on an
            Award.

   

  SECTION 17.   EXECUTION.

   

  To record the adoption of the Plan by the Board on January 9, 2017,
      effective on such date, the Company has caused its authorized officer to execute the same.

   

  [signature page follows]

   

  
     

    -16-

    
      
 

  

   

  	 	FTC SOLAR, INC.
	 	 	 
	 	By	/s/ David Springer
	 	 	David Springer, CEO

   

  Signature Page to Stock Incentive Plan of FTC Solar, Inc. 

  
    
      

  

  FIRST AMENDMENT TO THE FTC SOLAR, INC. 2017 STOCK INCENTIVE PLAN

  

  

  WHEREAS, the board of directors of FTC Solar, Inc. (the “Board”) has approved amending the FTC Solar, Inc. 2017 Stock Incentive Plan, as
    amended from time to time (the “2017 Plan”) to increase the authorized share limit under the 2017 Plan.

  

  

  NOW, THEREFORE, RESOLVED that Section 5.1 of the Plan (Share Limit) is hereby amended to read as
    follows: “Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be One Million Seven Hundred Seventy-Five Thousand (1,775,000) Shares (the “Authorized Share Limit”),” including shares subject to awards granted
    prior to the date hereof.

  

  

  SECOND AMENDMENT TO THE FTC SOLAR, INC. 2017 STOCK INCENTIVE PLAN

  

  

  WHEREAS, FTC Solar, Inc., a Delaware corporation (the “Company”) has established the FTC Solar, Inc.
    2017 Stock Incentive Plan (the “2017 Plan”); and

  

  

  WHEREAS, One Million Seven Hundred Seventy-Five Thousand (1,775,000) shares were previously reserved for issuance under the 2017 Plan; and

  

  

  WHEREAS, the Company desires to amend the 2017 Plan to increase the authorized share limit under the 2017 Plan.

  

  

  NOW, THEREFORE, pursuant to the amendment authority provided in Section 16.2 thereof, the 2017 Plan is hereby amended as set forth below.

  

  

  1.          Amendment.  The first sentence
      of Section 5.1 of the Plan (Share Limit) is hereby amended to read as follows:

  

  

   “Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be Two Million Nine Hundred Seventy-Five Thousand and Eighty
    (2,975,080) Shares (the “Authorized Share Limit”),” including shares subject to awards granted prior to the date hereof.

  

  

  2.          Effect on 2017 Plan.  Except as
      expressly amended hereby, the 2017 Plan shall remain unchanged and in full force and effect.

  

  

  3.          Effective Date.  The effective
      date of this amendment shall be the date on which it is adopted by the Board of Directors of the Company, subject to the approval of the stockholders of the Company.

  

  

  THIRD AMENDMENT TO THE FTC SOLAR, INC. 2017 STOCK INCENTIVE PLAN

  

  

  WHEREAS, FTC Solar, Inc., a Delaware corporation (the “Company”) has established the FTC Solar, Inc.
    2017 Stock Incentive Plan, as amended (the “2017 Plan”); and

  
    
      

  

  WHEREAS, Two Million Nine Hundred Seventy-Five Thousand and Eighty (2,975,080) shares were previously reserved for issuance under the 2017
    Plan pursuant to the increase of 1,000,000 shares to the initial share reserve of 775,000 shares by Amendment No. 1 and the increase of 1,200,080 shares by Amendment No. 2, each of which has been approved by the stockholders of the Company; and

  

  

  WHEREAS, the Company desires to amend the 2017 Plan to increase the authorized share limit under the 2017 Plan.

  

  

  NOW, THEREFORE, pursuant to the amendment authority provided in Section 16.2 thereof, the 2017 Plan is hereby amended as set forth below.

  

  

  1.          Amendment.  The first sentence
      of Section 5.1 of the Plan (Share Limit) is hereby amended to read as follows:

  

  

   “Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be Two Million Nine Hundred Ninety-Three Thousand and Eighty
    (2,993,080) Shares (the “Authorized Share Limit”), including shares subject to awards granted prior to the date hereof.”

  

  

  2.          Effect on 2017 Plan.  Except as
      expressly amended hereby, the 2017 Plan shall remain unchanged and in full force and effect.

  

  

  3.          Effective Date.  The effective
      date of this amendment shall be the date on which it is adopted by the Board of Directors of the Company, subject to the approval of the stockholders of the Company.

  
    
      

  

  
    FOURTH AMENDMENT TO THE FTC SOLAR, INC. 2017 STOCK INCENTIVE PLAN

    

    

    Increase in Share Reserve

    

    

    WHEREAS, FTC Solar, Inc., a Delaware corporation (the “Company”) has established the FTC Solar,
      Inc. 2017 Stock Incentive Plan, as amended from time to time (the “2017 Plan”); and

    

    

    WHEREAS, 2,993,080 shares were previously reserved for issuance under the 2017 Plan; and

    

    

    WHEREAS, the Company desires to amend the 2017 Plan to increase the authorized share limit under the 2017 Plan by a total of 133,132
      shares.

    

    

    NOW, THEREFORE, pursuant to the amendment authority provided in Section 16.2 thereof, the 2017 Plan is hereby amended as set forth below.

    

    

    	

          	1.	
            Amendment. The first sentence of Section 5.1 of the Plan (Share Limit) is hereby amended to read as follows:

          

    

    

    	

          	2.	
            “Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be Three Million One Hundred Twenty-Six Thousand Two Hundred and Twelve (3,126,212) Shares (the “Authorized Share Limit”), including shares
              subject to awards granted prior to the date hereof.

          

    

    

    	

          	3.	
            Effect on 2017 Plan. Except as expressly amended hereby, the 2017 Plan shall remain unchanged and in full force and effect.

          

    

    

    	

          	4.	
            Effective Date. The effective date of this amendment shall be April 5, 2021, subject to the approval of the stockholders of the Company.

          

    

    

    Approval of Change in Control Treatment

    

    

    WHEREAS, the Company desires to conform the treatment of outstanding awards under the 2017 Plan upon the occurrence of a change in control
      of the Company to the treatment set forth in the Company’s 2021 Stock Incentive Plan.

    

    

    NOW, THEREFORE, pursuant to the amendment authority provided in Section 16.2 thereof, the 2017 Plan is hereby amended, effective
      immediately, as set forth below.

    

    

    	

          	1.	
            Section 2.5 (Change in Control) is hereby amended to read as follows:

          

    

    

    “Change in Control” means, unless otherwise defined in an Award Agreement, an event set forth in any one of the following paragraphs shall
      have occurred:

    
      
        

    

    
    (i)          any Person (or any group of
        Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned
        by such Person any securities acquired directly from the Company or its Affiliates) representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a
        Beneficial Owner in connection with a transaction described in clause (I) of paragraph (ii) below;

    

    

    (ii)          there is consummated a
        merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other entity, other than (I) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately prior
        to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other
        fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary, more than fifty percent (50%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding
        immediately after such merger or consolidation and (B) immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the Company, the entity surviving such
        merger or consolidation or, if the Company or the entity surviving such merger or consolidation is then a subsidiary, the ultimate parent thereof, or (II) a merger or consolidation effected to implement a recapitalization of the Company (or similar
        transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its
        Affiliates) representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities;

    

    

    (iii)          the shareholders of the
        Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition
        by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are owned by shareholders of the Company following the completion of such
        transaction in substantially the same proportions as their ownership of the Company immediately prior to such sale or (B) a sale or disposition of all or substantially all of the Company’s assets immediately following which the individuals who
        comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent thereof; or

    

    

    (iv)          the following individuals
        cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an
        actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders
        was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or
        recommended.

    
      2

      
        

    

    
    Notwithstanding the foregoing, for each Award that constitutes deferred compensation under Section 409A of the Code, and to the extent required to avoid
      accelerated taxation and/or tax penalties under Section 409A of the Code, a Change in Control shall be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a change
      in ownership of a substantial portion of the assets of the Company shall also be deemed to have occurred under Section 409A of the Code.

    

    

    	

          	2.	
            Section 18 (Change in Control) is hereby added to read as follows:

          

    

    

    Except as provided in the applicable Award Agreement, and except in any case where more favorable treatment is provided for in the Plan, in
      the event that (a) a Change in Control occurs and (b) either (x) an outstanding Award is not assumed or substituted in connection therewith or (y) an outstanding Award is assumed or substituted in connection therewith and the Participant’s employment
      or service is terminated by the Company, its successor or an Affiliate thereof without Cause or by the Participant for good reason (if applicable) on or after the effective date of the Change in Control but prior to twelve (12) months following the
      Change in Control, then:

    

    

    	

          	(i)	
            any unvested or unexercisable portion of any Award carrying a right to exercise shall become fully vested and exercisable; and

          

    

    

    (ii)          the restrictions, deferral
        limitations, payment conditions and forfeiture conditions applicable to an Award granted under the Plan shall lapse and such Awards shall be deemed fully vested and any performance conditions imposed with respect to such Awards shall be deemed to
        be achieved at target performance levels.

    

    

    For purposes of this Section 18, an outstanding Award shall be considered to be assumed or substituted for if, following the Change in
      Control, the Award remains subject to the same terms and conditions that were applicable to the Award immediately prior to the Change in Control except that, if the Award related to Shares, the Award instead confers the right to receive common stock
      of the acquiring entity (or such other security or entity as may be determined by the administrator, in its sole discretion, pursuant to Section 11 hereof).

     

    

    
      3

      
        

    

    
      FIFTH AMENDMENT TO THE FTC SOLAR, INC. 2017 STOCK INCENTIVE PLAN

      

      

      Increase in Share Reserve

      

      

      WHEREAS, FTC Solar, Inc., a Delaware corporation (the “Company”) has established the FTC Solar, Inc. 2017 Stock Incentive Plan, as amended from time to time (the “2017 Plan”); and

      

      

      WHEREAS, 3,126,212 shares were previously reserved for issuance under the 2017 Plan; and

      

      

      WHEREAS, the Company desires to amend the 2017 Plan to increase the authorized share limit under the 2017 Plan by a total of 72,500 shares.

      

      

      NOW, THEREFORE, pursuant to the amendment authority provided in Section 16.2 thereof, the 2017 Plan is hereby amended as set forth below.

      

      

      	

            	1.	
              Amendment. The first sentence of Section 5.1 of the Plan (Share Limit) is hereby amended to read as follows:

            

      

      

      	

            	2.	
              “Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be Three Million One Hundred Ninety-Eight Thousand Seven Hundred and Twelve (3,198,712) Shares (the “Authorized Share Limit”), including
                shares subject to awards granted prior to the date hereof.

            

      

      

      	

            	3.	
              Effect on 2017 Plan. Except as expressly amended hereby, the 2017 Plan shall remain unchanged and in full force and effect.

            

      

      

      	

            	4.	
              Effective Date. The effective date of this amendment shall be April 13, 2021, subject to the approval of the stockholders of the Company.

            

      

      

    

     

    

    4Exhibit 10.2

      

      

      FTC SOLAR, INC.

      2021 STOCK INCENTIVE PLAN

      

      

      	Section 1.	
              Purpose of Plan.

            

      

      

      The name of the Plan is the FTC Solar, Inc. 2021 Stock Incentive Plan (the “Plan”). The purposes of the Plan are to provide an additional incentive to selected officers, employees, non-employee directors, and
        consultants of the Company or its Affiliates (as hereinafter defined) whose contributions are essential to the growth and success of the business of the Company and its Affiliates, in order to strengthen the commitment of such persons to the
        Company and its Affiliates, motivate such persons to faithfully and diligently perform their responsibilities and attract and retain competent and dedicated persons whose efforts will result in the long-term growth and profitability of the Company
        and its Affiliates. To accomplish such purposes, the Plan provides that the Company may grant Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Bonuses, Other Stock-Based Awards, Cash Awards or any combination of
        the foregoing.

      

      

      	Section 2.	
              Definitions.

            

      

      

      For purposes of the Plan, the following terms shall be defined as set forth below:

      

      

      (a)          “Administrator” means the Board, or, if and to the extent the Board does not administer the Plan, the Committee in accordance with
          Section 3 hereof.

      

      

      (b)          “Affiliate” means a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is
          under common control with, the Person specified.

      

      

      (c)          “Award” means any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Stock Bonus, Other Stock-Based Award
          or Cash Award granted under the Plan.

      

      

      (d)          “Award Agreement” means any written agreement, contract or other instrument or document evidencing an Award, including through
          electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the Plan. Each Participant who is granted an Award shall enter into an Award Agreement with the
          Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion.

      

      

      (e)          “Base Price” has the meaning set forth in Section 8(b) hereof.

      

      

      (f)          “Beneficial Owner” (or any variant thereof) has the meaning defined in Rule 13d-3 under the Exchange Act.

      

      

      (g)          “Board” means the Board of Directors of the Company.

      

      

      (h)          “Cash Award” means an Award granted pursuant to Section 12 hereof.

      

      

      
        
          

      

      
      

      

       

      (i)          “Cause” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
          agreement with the Participant or, if any such agreement does not define “Cause,” Cause means (i) the commission of an act of fraud or dishonesty by the Participant in the course of the Participant’s employment or service; (ii) the
          indictment of, or conviction of, or entering of a plea of nolo contendere by, the Participant for a crime constituting a felony or in respect of any act of fraud or dishonesty; (iii) the commission of an act by the Participant which would make
          the Participant or the Company (including any of its Subsidiaries or Affiliates) subject to being enjoined, suspended, barred or otherwise disciplined for violation of federal or state securities laws, rules or regulations, including a statutory
          disqualification; (iv) gross negligence or willful misconduct in connection with the Participant’s performance of his or her duties in connection with the Participant’s employment by or service to the Company (including any Subsidiary or
          Affiliate for whom the Participant may be employed by or providing services to at the time) or the Participant’s failure to comply with any of the restrictive covenants to which the Participant is subject; (v) the Participant’s willful failure to
          comply with any material policies or procedures of the Company as in effect from time to time, provided that the Participant shall have been delivered a copy of such policies or notice that they have been posted on a Company website prior
          to such compliance failure; or (vi) the Participant’s failure to perform the material duties in connection with the Participant’s position, unless the Participant remedies the failure referenced in this clause (vi) no later than ten (10) days
          following delivery to the Participant of a written notice from the Company (including any of its Subsidiaries or Affiliates) describing such failure in reasonable detail (provided that the Participant shall not be given more than one
          opportunity in the aggregate to remedy failures described in this clause (vi)).

      

      

      (j)          “Change in Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase
          or other reorganization or corporate transaction or event; (ii) special or extraordinary dividend or other extraordinary distribution (whether in the form of cash, Common Stock, or other property), stock split, reverse stock split, subdivision or
          consolidation; (iii) combination or exchange of shares; or (iv) other change in corporate structure, which, in any such case, the Administrator determines, in its sole discretion, affects the Common Stock such that an adjustment pursuant to
          Section 5 hereof is appropriate.

      

      

      (k)          “Change in Control” means, unless otherwise defined in an Award Agreement, an event set forth in any one of the following
          paragraphs shall have occurred:

      

      

      (1)          any Person (or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act) is
          or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing more than
          fifty percent (50%) of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (I) of paragraph (2) below;

      

      

      (2)          there is consummated a merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other
          entity, other than (I) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being
          converted into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary, more than
          fifty percent (50%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation and (B) immediately following which the individuals who
          comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the Company, the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger or consolidation is
          then a subsidiary, the ultimate parent thereof, or (II) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of
          securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing fifty percent (50%) or more of the combined voting power of the
          Company’s then outstanding securities;

      

      

      
        2

        
          

      

      

      

       

      (3)          the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement
          for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of
          the combined voting power of the voting securities of which are owned by shareholders of the Company following the completion of such transaction in substantially the same proportions as their ownership of the Company immediately prior to such
          sale or (B) a sale or disposition of all or substantially all of the Company’s assets immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the
          entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent thereof; or

      

      

      (4)          the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the
          date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the
          election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who
          either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended.

      

      

      Notwithstanding the foregoing, for each Award that constitutes deferred compensation under Section 409A of the Code, and to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, a Change in
        Control shall be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company shall also be
        deemed to have occurred under Section 409A of the Code.

      

      

      (l)          “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.

      

      

      (m)          “Committee” means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the
          Board, the Committee shall be composed entirely of individuals who meet the qualifications of (i) a “non-employee director” within the meaning of Rule 16b-3 and (ii) any other qualifications required by the applicable stock exchange on which the
          Common Stock is traded. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in the Plan shall be exercised by the Committee.

      

      

      (n)          “Common Stock” means the Class A common stock, $0.0001 par value per share, of the Company.

      

      

      (o)          “Company” means FTC Solar, Inc., a Delaware corporation (or any successor company, except as the term “Company” is used in
          the definition of “Change in Control” above).

      

      

      (p)          “Consultant” means a consultant or advisor who is not an Employee or Non-Employee Director and who performs bona fide services for
          the Company, a Parent or Subsidiary.

      

      

      (q)          “Disability” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
          agreement with the Participant or, if any such agreement does not define “Disability,” Disability means, with respect to any Participant, that such Participant, as determined by the Administrator in its sole discretion, is (i) unable to engage in
          any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) by
          reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period
          of not less than three (3) months under an accident and health plan covering employees of the Company or an Affiliate thereof.

      

      

      
        3

        
          

      

      

      

       

      (r)          “Effective Date” has the meaning set forth in Section 20 hereof.

      

      

      (s)          “Eligible Recipient” means an Employee, Non-Employee Director or Consultant of the Company or any Affiliate of the Company who has
          been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a
          Stock Appreciation Right means an Employee, Non-Employee Director, or Consultant of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A
          of the Code.

      

      

      (t)          “Employee” means any individual who is a common-law employee of the Company, a Parent or a Subsidiary and who is an “employee”
          within the meaning of section 3401(c) of the Code and regulations issued thereunder, including without limitation the officers of the Company.

      

      

      (u)          “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

      

      

      (v)          “Exercise Price” means, with respect to any Option, the per share price at which a holder of such Option may purchase such shares
          of Common Stock issuable upon the exercise of such Option.

      

      

      (w)          “Fair Market Value” of Common Stock or another security as of a particular date shall mean the fair market value as determined by
          the Administrator in its sole discretion; provided, however, (i) if the Common Stock or other security is admitted to trading on a national securities exchange, the fair market value on any date shall be the closing sale price
          reported on the date of grant, or if no shares were traded on such date, on the last preceding date for which there was a sale of a share of Common Stock or other security on such exchange, or (ii) if the Common Stock or other security is then
          traded in an over-the-counter market, the fair market value on any date shall be the average of the closing bid and asked prices for such share of Common Stock or other security in such over-the-counter market for the last preceding date on which
          there was a sale of such share of Common Stock or other security in such market.

      

      

      (x)          “Free Standing Right” has the meaning set forth in Section 8(a) hereof.

      

      

      (y)          “Good Reason” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
          agreement with the Participant; provided that if no such agreement exists or if such agreement does not define “Good Reason,” Good Reason and any provision of the Plan that refers to Good Reason shall not be applicable to such
          Participant.

      

      

      (z)          “ISO” means an Option intended to be and designated as an “incentive stock option” within the meaning of Section 422 of the Code.

      

      

      (aa)          “Non-Employee Director” means a member of the Board of the Company, a Parent or a Subsidiary who is not an Employee.

      

      

      (bb)          “Nonqualified Stock Option” means an Option that is not designated as an ISO.

      

      

      (cc)          “Option” means an option to purchase shares of Common Stock granted pursuant to Section 7 hereof. The term “Option” as used
          in the Plan includes the terms “Nonqualified Stock Option” and “ISO.”

      

      

      (dd)          “Other Stock-Based Award” means an Award granted pursuant to Section 10 hereof.

      

      

      (ee)          “Participant” means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for
          in Section 3 hereof, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case may be.

      

      

      (ff)          “Person” has the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof.

      

      

      
        4

        
          

      

      

      

       

      (gg)          “Plan” has the meaning set forth in Section 1 hereof.

      

      

      (hh)          “Related Right” has the meaning set forth in Section 8(a) hereof.

      

      

      (ii)          “Restricted Stock” means Shares granted pursuant to Section 9 hereof subject to certain restrictions that lapse at the end of a
          specified period or periods.

      

      

      (jj)          “Restricted Stock Unit” means the right, granted pursuant to Section 9 hereof, to receive an amount in cash or Shares (or any
          combination thereof) equal to the Fair Market Value of a Share subject to certain restrictions that lapse at the end of a specified period or periods.

      

      

      (kk)          “Rule 16b-3” has the meaning set forth in Section 3(a) hereof.

      

      

      (ll)          “Shares” means Common Stock reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to
          a merger, consolidation or other reorganization) security.

      

      

      (mm)          “Stock Appreciation Right” means the right to receive, upon exercise of the right, the applicable amounts as described in Section
          8 hereof.

      

      

      (nn)          “Stock Bonus” means a bonus payable in fully vested shares of Common Stock granted pursuant to Section 11 hereof.

      

      

      (oo)          “Subsidiary” means, with respect to any Person, as of any date of determination, any other Person as to which such first Person
          owns or otherwise controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest or managing member or similar interest of such other Person.

      

      

      (pp)          “Transfer” has the meaning set forth in Section 18 hereof.

      

      

      	Section 3.	
              Administration.

            

      

      

      (a)          The Plan shall be administered by the Administrator and shall be administered in accordance with the requirements of Rule 16b-3 under the
          Exchange Act (“Rule 16b-3”), to the extent applicable.

      

      

      (b)          Pursuant to the terms of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the authority
          delegated to it by the Board, shall have the power and authority, without limitation:

      

      

      (1)          to select those Eligible Recipients who shall be Participants;

      

      

      (2)          to determine whether and to what extent Awards are to be granted hereunder to Participants;

      

      

      (3)          to determine the number of Shares to be covered by each Award granted hereunder;

      

      

      (4)          to determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder (including, but not
          limited to, (i) the restrictions applicable to Restricted Stock or Restricted Stock Units and the conditions under which restrictions applicable to such Restricted Stock or Restricted Stock Units shall lapse, (ii) the performance goals and
          periods applicable to Awards, (iii) the Exercise Price of each Option and the Base Price of each Stock Appreciation Right, (iv) the vesting schedule applicable to each Award, (v) the number of Shares or amount of cash or other property subject to
          each Award and (vi) subject to the requirements of Section 409A of the Code (to the extent applicable), any amendments to the terms and conditions of outstanding Awards, including, but not limited to, extending the exercise period of such Awards
          and accelerating the vesting schedule of such Awards);

      

      

      
        5

        
          

      

      

      

       

      (5)          to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern all written instruments evidencing
          Awards;

      

      

      (6)          to determine the Fair Market Value in accordance with the terms of the Plan;

      

      

      (7)          to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination of the
          Participant’s employment or service for purposes of Awards granted under the Plan;

      

      

      (8)          to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from
          time to time deem advisable;

      

      

      (9)          to prescribe, amend and rescind rules and regulations relating to sub-plans established for the purpose of satisfying
          applicable foreign laws or qualifying for favorable tax treatment under applicable foreign laws, which rules and regulations may be set forth in an appendix or appendices to the Plan; and

      

      

      (10)          to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating
          thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically granted under the Plan or necessary and advisable in the administration of the Plan.

      

      

      (c)          All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all Persons,
          including the Company and the Participants. No member of the Board or the Committee, nor any officer or employee of the Company or any Subsidiary thereof acting on behalf of the Board or the Committee, shall be personally liable for any action,
          omission, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee and each and any officer or employee of the Company and of any Subsidiary thereof acting on their
          behalf shall, to the maximum extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination or interpretation.

      

      

      (d)          The Administrator may, in its sole discretion, delegate its authority, in whole or in part, under this Section 3 (including, but not
          limited to, its authority to grant Awards under the Plan, other than its authority to grant Awards under the Plan to any Participant who is subject to reporting under Section 16 of the Exchange Act) to one or more officers of the Company, subject
          to the requirements of applicable law or any stock exchange on which the Shares are traded.

      

      

      	Section 4.	
              Shares Reserved for Issuance; Certain Limitations

            

      

      

      (a)          Share Reserve.

      

      

      (1)          The maximum number of shares of Common Stock reserved for issuance under the Plan shall be 14,210,526 (the “Share Reserve”)
          (subject to adjustment as provided Section 5); provided, however the Share Reserve will automatically increase on January 1st of each calendar year
          (each, an “Evergreen Date”), prior to the tenth anniversary of the Effective Date, in an amount equal to the lesser of (i) 4% of the total number of shares of Common Stock outstanding on the December 31st immediately preceding the applicable Evergreen Date and (ii) a number of shares of Common Stock determined by the Administrator.

      

      

      (2)          All of and up to 14,210,526 (subject to adjustment as provided in Section 5 hereof) may be granted as ISOs.

       
      
        6

        
          

      

      

      

       

      (b)          Share Issuance and Counting.  Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares
          that shall have been or may be reacquired by the Company in the open market, in private transactions or otherwise. If any Shares subject to an Award are forfeited, cancelled, exchanged or surrendered or if an Award otherwise terminates or expires
          without a distribution of Shares to the Participant, the Shares with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or expiration, again be available for Awards under the Plan.
          Notwithstanding the foregoing, Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with the exercise of any Option or Stock Appreciation Right under the Plan or the payment of any
          purchase price with respect to any other Award under the Plan, as well as any Shares exchanged by a Participant or withheld by the Company or any Subsidiary to satisfy the tax withholding obligations related to any Award under the Plan, shall not
          be available for subsequent Awards under the Plan, and notwithstanding that a Stock Appreciation Right is settled by the delivery of a net number of shares of Common Stock, the full number of shares of Common Stock underlying such Stock
          Appreciation Right shall not be available for subsequent Awards under the Plan. In addition, (i) to the extent an Award is denominated in shares of Common Stock, but paid or settled in cash, the number of shares of Common Stock with respect to
          which such payment or settlement is made shall again be available for grants of Awards pursuant to the Plan and (ii) shares of Common Stock underlying Awards that can only be settled in cash shall not be counted against the aggregate number of
          shares of Common Stock available for Awards under the Plan.

      

      

      (c)          Certain Limitations. No Participant who is a Non-Employee Director shall be granted (i) Awards during any calendar year that, when
          aggregated with such Non-Employee Director’s cash fees with respect to such calendar year, exceed $750,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for the Company’s financial
          reporting purposes) or (ii) initial Awards upon the election of the Non-Employee Director to the Board exceeding $750,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for the Company’s
          financial reporting purposes).

      

      

      	Section 5.	
              Equitable Adjustments.

            

      

      

      (a)          In the event of any Change in Capitalization (including a Change in Control), an equitable substitution or proportionate adjustment shall
          be made, in each case, as may be determined by the Administrator, in its sole discretion, in (i) the aggregate number of shares of Common Stock reserved for issuance under the Plan, (ii) the kind and number of securities subject to, and the
          Exercise Price or Base Price of, any outstanding Options and Stock Appreciation Rights granted under the Plan, (iii) the kind, number and purchase price of shares of Common Stock, or the amount of cash or amount or type of other property, subject
          to outstanding Restricted Stock, Restricted Stock Units, Stock Bonuses and Other Stock-Based Awards granted under the Plan or (iv) the performance goals and performance periods applicable to any Awards granted under the Plan; provided, however,
          that any fractional shares resulting from the adjustment shall be eliminated. Such other equitable substitutions or adjustments shall be made as may be determined by the Administrator, in its sole discretion.

      

      

      (b)          Without limiting the generality of the foregoing, in connection with a Change in Capitalization (including a Change in Control), the
          Administrator may provide, in its sole discretion, but subject in all events to the requirements of Section 409A of the Code, for the cancellation of any outstanding Award in exchange for payment in cash or other property having an aggregate Fair
          Market Value equal to the Fair Market Value of the shares of Common Stock, cash or other property covered by such Award, reduced by the aggregate Exercise Price or Base Price thereof, if any; provided, however, that if the
          Exercise Price or Base Price of any outstanding Award is equal to or greater than the Fair Market Value of the shares of Common Stock, cash or other property covered by such Award, the Board may cancel such Award without the payment of any
          consideration to the Participant.

      

      

      (c)          The determinations made by the Administrator or the Board, as applicable, pursuant to this Section 5 shall be final, binding and
          conclusive.

      

      

      	Section 6.	
              Eligibility.

            

      

      

      The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that qualify as Eligible Recipients.

      

      

      
        7

        
          

      

      

      

       

      	Section 7.	
              Options.

            

      

      

      (a)          General. Each Participant who is granted an Option shall enter into an Award Agreement with the Company, containing such terms and
          conditions as the Administrator shall determine, in its sole discretion, which Award Agreement shall set forth, among other things, the Exercise Price of the Option, the term of the Option and provisions regarding exercisability of the Option,
          and whether the Option is intended to be an ISO or a Nonqualified Stock Option (and in the event the Award Agreement has no such designation, the Option shall be a Nonqualified Stock Option). The provisions of each Option need not be the same
          with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted under the Plan shall be subject to the terms and conditions set forth in this Section 7 and
          shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement.

      

      

      (b)          Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in its sole
          discretion at the time of grant, but, except as provided in the applicable Award Agreement, in no event shall the exercise price of an Option be less than one hundred percent (100%) of the Fair Market Value of the related shares of Common Stock
          on the date of grant.

      

      

      (c)          Option Term. The maximum term of each Option shall be fixed by the Administrator, but no Option shall be exercisable more than ten
          (10) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the Plan and the Award Agreement.

      

      

      (d)          Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including the
          attainment of performance goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide that any Option shall be exercisable only in installments, and the Administrator may waive such
          installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine in its sole discretion. Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a
          fraction of a share.

      

      

      (e)          Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying the
          number of whole Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or its equivalent, as determined by the Administrator. As determined by the Administrator, in its sole
          discretion, with respect to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration received under any cashless exercise procedure approved by the Administrator (including the withholding of
          Shares otherwise issuable upon exercise, referred to as “net exercise,” with a Fair Market Value up to or equal to (but not exceeding) the applicable aggregate Exercise Price with the remainder paid in cash or other form of payment permitted by
          the Award Agreement), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised,
          (iii) in any other form of consideration approved by the Administrator and permitted by applicable law or (iv) by any combination of the foregoing.

      

      

      (f)          ISOs. The terms and conditions of ISOs granted hereunder shall be subject to the provisions of Section 422 of the Code and the
          terms, conditions, limitations and administrative procedures established by the Administrator from time to time in accordance with the Plan. At the discretion of the Administrator, ISOs may be granted only to an employee of the Company, its
          “parent corporation” (as such term is defined in Section 424(e) of the Code) or its subsidiary corporation (as such term is defined in Section 424(e) of the Code).

      

      

      (i)          ISO Grants to 10% Stockholders. Notwithstanding anything to the contrary in the Plan, if an ISO is granted to a Participant who
          owns shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company, its “parent corporation” (as such term is defined in Section 424(e) of the Code) or a Subsidiary of the Company, the term of the ISO
          shall not exceed five (5) years from the time of grant of such ISO and the Exercise Price shall be at least one hundred and ten percent (110%) of the Fair Market Value of the Shares on the date of grant.

      

      

      
        8

        
          

      

      

      

       

      (ii)          $100,000 Per Year Limitation For ISOs. To the extent the aggregate Fair Market Value (determined on the date of grant) of the
          Shares for which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess ISOs shall be treated as Nonqualified Stock Options.

      

      

      (iii)          Disqualifying Dispositions. Each Participant awarded an ISO under the Plan shall notify the Company in writing promptly after
          the date the Participant makes a “disqualifying disposition” of any Share acquired pursuant to the exercise of such ISO. A “disqualifying disposition” is any disposition (including any sale) of such Shares before the later of (i) two years after
          the date of grant of the ISO and (ii) one year after the date the Participant acquired the Shares by exercising the ISO. The Company may, if determined by the Administrator and in accordance with procedures established by it, retain possession of
          any Shares acquired pursuant to the exercise of an ISO as agent for the applicable Participant until the end of the period described in the preceding sentence, subject to complying with any instructions from such Participant as to the sale of
          such Shares.

      

      

      (iv)          Expiration Date. Notwithstanding provisions of Section 20 hereof, the term of any ISO granted hereunder shall not extend beyond
          the 10th anniversary of the date the Board adopted the Plan.

      

      

      (g)          Rights as Stockholder. Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends,
          dividend equivalents or distributions or any other rights of a stockholder with respect to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for such Shares and has satisfied
          the requirements of Section 16 hereof.

      

      

      (h)          Termination of Employment or Service. In the event of the termination of employment or service with the Company and all Affiliates
          thereof of a Participant who has been granted one or more Options, such Options shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement.

      

      

      (i)          Other Change in Employment or Service Status. An Option shall be affected, both with regard to vesting schedule and termination, by
          leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant, in the discretion of the
          Administrator.

      

      

      	Section 8.	
              Stock Appreciation Rights.

            

      

      

      (a)          General. Stock Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction with all or part
          of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or times at
          which, grants of Stock Appreciation Rights shall be made, the number of Shares to be awarded, the Base Price, and all other conditions of Stock Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted for more Shares
          than are subject to the Option to which it relates. The provisions of Stock Appreciation Rights need not be the same with respect to each Participant. Stock Appreciation Rights granted under the Plan shall be subject to the following terms and
          conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

      

      

      (b)          Base Price. Except as provided in the applicable Award Agreement, each Stock Appreciation Right shall be granted with a base price
          that is not less than one hundred percent (100%) of the Fair Market Value of the related shares of Common Stock on the date of grant (such amount, the “Base Price”).

      

      

      (c)          Rights as Stockholder. Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends,
          dividend equivalents or distributions or any other rights of a stockholder with respect to the Shares, if any, subject to a Stock Appreciation Right until such Stock Appreciation Right has been exercised and settled in the form of Shares and the
          Participant and has satisfied the requirements of Section 16 hereof.

      

      

      
        9

        
          

      

      

      

       

      (d)          Exercisability.

      

      

      (1)          Stock Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and
          conditions as shall be determined by the Administrator in the applicable Award Agreement.

      

      

      (2)          Stock Appreciation Rights that are Related Rights shall be exercisable only at such time or times and to the extent that the Options to
          which they relate shall be exercisable in accordance with the provisions of Section 7 hereof and this Section 8.

      

      

      (e)          Consideration Upon Exercise.

      

      

      (1)          Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number of Shares
          equal in value to (i) the excess of the Fair Market Value of a share of Common Stock as of the date of exercise over the Base Price per share specified in the Free Standing Right, multiplied by (ii) the number of Shares in respect of which the
          Free Standing Right is being exercised.

      

      

      (2)          A Related Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise and
          surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares equal in value to (i) the excess of the Fair Market Value of a share of Common Stock as of the date of exercise over the Exercise Price
          specified in the related Option, multiplied by (ii) the number of Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the
          Related Rights have been so exercised.

      

      

      (3)          Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a Stock Appreciation Right in cash (or in any
          combination of Shares and cash), to the extent set forth in the Award Agreement.

      

      

      (f)          Termination of Employment or Service.

      

      

      (1)          In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has been granted
          one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement.

      

      

      (2)          In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has been granted
          one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the related Options.

      

      

      (g)          Term.

      

      

      (1)          The term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more than ten
          (10) years after the date such right is granted.

      

      

      (2)          The term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable more than
          ten (10) years after the date such right is granted.

      

      

      (h)          Other Change in Employment or Service Status. Stock Appreciation Rights shall be affected, both with regard to vesting schedule and
          termination, by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant, in the
          discretion of the Administrator.

      

      

      
        10

        
          

      

      

      

       

      	Section 9.	
              Restricted Stock and Restricted Stock Units.

            

      

      

      (a)          General. Restricted Stock and Restricted Stock Units may be issued under the Plan. The Administrator shall determine the Eligible
          Recipients to whom, and the time or times at which, Restricted Stock or Restricted Stock Units shall be made; the number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted Stock or
          Restricted Stock Units; the period of time prior to which Restricted Stock or Restricted Stock Units become vested and free of restrictions on Transfer (the “Restricted Period”); the performance goals (if any); and all other conditions of
          the Restricted Stock and Restricted Stock Units. If the restrictions, performance goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Stock or Restricted Stock Units, in
          accordance with the terms of the grant. The provisions of Restricted Stock or Restricted Stock Units need not be the same with respect to each Participant.

      

      

      (b)          Awards and Certificates.

      

      

      (1)          Except as otherwise provided in Section 9(b)(3) hereof, (i) each Participant who is granted an Award of Restricted Stock may, in the
          Company’s sole discretion, be issued a stock certificate in respect of such Restricted Stock; and (ii) any such certificate so issued shall be registered in the name of the Participant, and shall bear an appropriate legend referring to the terms,
          conditions, and restrictions applicable to any such Award. The Company may require that the stock certificates, if any, evidencing Restricted Stock granted hereunder be held in the custody of the Company until the restrictions thereon shall have
          lapsed, and that, as a condition of any award of Restricted Stock, the Participant shall have delivered a stock transfer form, endorsed in blank, relating to the Shares covered by such award. Certificates for shares of unrestricted Common Stock
          may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired without forfeiture in respect of such Restricted Stock.

      

      

      (2)          With respect to an Award of Restricted Stock Units to be settled in Shares, at the expiration of the Restricted Period, stock certificates
          in respect of the shares of Common Stock underlying such Restricted Stock Units may, in the Company’s sole discretion, be delivered to the Participant, or his or her legal representative, in a number equal to the number of shares of Common Stock
          underlying the Award of Restricted Stock Units.

      

      

      (3)          Notwithstanding anything in the Plan to the contrary, any Restricted Stock or Restricted Stock Units to be settled in Shares (at the
          expiration of the Restricted Period) may, in the Company’s sole discretion, be issued in uncertificated form.

      

      

      (4)          Further, notwithstanding anything in the Plan to the contrary, with respect to Restricted Stock Units, at the expiration of the Restricted
          Period, Shares (either in certificated or uncertificated form) or cash, as applicable, shall promptly be issued to the Participant, unless otherwise deferred in accordance with procedures established by the Company in accordance with Section 409A
          of the Code, and such issuance or payment shall in any event be made no later than March 15th of the calendar year following the year of vesting or within such other period as is required to avoid accelerated taxation and/or tax penalties under
          Section 409A of the Code.

      

      

      (c)          Restrictions and Conditions. The Restricted Stock and Restricted Stock Units granted pursuant to this Section 9 shall be subject to
          the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or, subject to Section 409A of the Code where applicable, thereafter:

      

      

      
        11

        
          

      

      

      

       

      (1)          The Award Agreement may provide for the lapse of restrictions in installments and may accelerate or waive such restrictions in whole or in
          part based on such factors and such circumstances as set forth in the Award Agreement, including, but not limited to, the attainment of certain performance related goals, the Participant’s termination of employment or service with the Company or
          any Affiliate thereof, or the Participant’s death or Disability. Notwithstanding the foregoing, upon a Change in Control, the outstanding Awards shall be subject to Section 13 hereof.

      

      

      (2)          Except as provided in the applicable Award Agreement, the Participant shall generally have the rights of a stockholder of the Company with
          respect to shares of Restricted Stock during the Restricted Period, including the right to vote such shares and to receive any dividends declared with respect to such shares; provided, however, that except as provided in the
          applicable Award Agreement, any dividends declared during the Restricted Period with respect to such shares shall only become payable if (and to the extent) the underlying Restricted Shares vest. Except as provided in the applicable Award
          Agreement, the Participant shall generally not have the rights of a stockholder with respect to shares of Common Stock subject to Restricted Stock Units during the Restricted Period; provided, however, that, subject to Section
          409A of the Code, an amount equal to any dividends declared during the Restricted Period with respect to the number of shares of Common Stock covered by Restricted Stock Units may, to the extent set forth in an Award Agreement, be provided to the
          Participant at the time (and to the extent) that shares of Common Stock in respect of the related Restricted Stock Units are delivered to the Participant.

      

      

      (d)          Termination of Employment or Service. The rights of Participants granted Restricted Stock or Restricted Stock Units upon
          termination of employment or service with the Company and all Affiliates thereof for any reason during the Restricted Period shall be set forth in the Award Agreement.

      

      

      (e)          Form of Settlement. The Administrator reserves the right in its sole discretion to provide (either at or after the grant thereof)
          that any Restricted Stock Unit represents the right to receive the amount of cash per unit that is determined by the Administrator in connection with the Award, to the extent set forth in the Award Agreement.

      

      

      	Section 10.	
              Other Stock-Based Awards.

            

      

      

      Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Common Stock, including but not limited to dividend equivalents, may be granted either alone or in addition to other Awards
        (other than in connection with Options or Stock Appreciation Rights) under the Plan. Any dividend or dividend equivalent awarded hereunder shall be subject to the same restrictions, conditions and risks of forfeiture as the underlying Awards and
        shall only become payable if (and to the extent) the underlying Awards vest. Subject to the provisions of the Plan, the Administrator shall have sole and complete authority to determine the individuals to whom and the time or times at which such
        Other Stock-Based Awards shall be granted, the number of shares of Common Stock to be granted pursuant to such Other Stock-Based Awards, or the manner in which such Other Stock-Based Awards shall be settled (e.g., in shares of Common Stock, cash or
        other property), or the conditions to the vesting and/or payment or settlement of such Other Stock-Based Awards (which may include, but not be limited to, achievement of performance criteria) and all other terms and conditions of such Other
        Stock-Based Awards.

      

      

      	Section 11.	
              Stock Bonuses.

            

      

      

      In the event that the Administrator grants a Stock Bonus, the Shares constituting such Stock Bonus shall, as determined by the Administrator, be evidenced in uncertificated form or by a book entry record or a
        certificate issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such Stock Bonus is payable.

      

      

      	Section 12.	
              Cash Awards.

            

      

      

      The Administrator may grant Awards that are payable solely in cash, as deemed by the Administrator to be consistent with the purposes of the Plan, and such Cash Awards shall be subject to the terms, conditions,
        restrictions and limitations determined by the Administrator, in its sole discretion, from time to time. Cash Awards may be granted with value and payment contingent upon the achievement of performance goals.

      

      

      
        12

        
          

      

      

      

       

      	Section 13.	
              Change in Control Provisions.

            

      

      

      Except as provided in the applicable Award Agreement, in the event that (a) a Change in Control occurs and (b) either (x) an outstanding Award is not assumed or substituted in connection therewith or (y) an outstanding
        Award is assumed or substituted in connection therewith and the Participant’s employment or service is terminated by the Company, its successor or an Affiliate thereof without Cause or by the Participant for Good Reason (if applicable) on or after
        the effective date of the Change in Control but prior to twelve (12) months following the Change in Control, then:

      

      

      (a)          any unvested or unexercisable portion of any Award carrying a right to exercise shall become fully vested and exercisable; and

      

      

      (b)          the restrictions, deferral limitations, payment conditions and forfeiture conditions applicable to an Award granted under the Plan shall
          lapse and such Awards shall be deemed fully vested and any performance conditions imposed with respect to such Awards shall be deemed to be achieved at target performance levels.

      

      

      For purposes of this Section 13, an outstanding Award shall be considered to be assumed or substituted for if, following the Change in Control, the Award remains subject to the same terms and conditions that were
        applicable to the Award immediately prior to the Change in Control except that, if the Award related to Shares, the Award instead confers the right to receive common stock of the acquiring entity (or such other security or entity as may be
        determined by the Administrator, in its sole discretion, pursuant to Section 5 hereof).

      

      

      	Section 14.	
              Amendment and Termination.

            

      

      

      The Board may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would adversely affect the rights of a Participant under any Award theretofore granted without such
        Participant’s consent. Unless the Board determines otherwise, the Board shall obtain approval of the Company’s stockholders for any amendment to the Plan that would require such approval in order to satisfy any rules of the stock exchange on which
        the Common Stock is traded or other applicable law. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Section 5 hereof and the immediately preceding sentence, no such amendment
        shall adversely affect the rights of any Participant without his or her consent. In addition, the Administrator shall, without the approval of the stockholders of the Company, have the authority to (a) amend any outstanding Option or Stock
        Appreciation Right to reduce its exercise price per Share, or (b) cancel any Option or Stock Appreciation Right in exchange for cash or another Award.

      

      

      	Section 15.	
              Unfunded Status of Plan.

            

      

      

      The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any
        rights that are greater than those of a general creditor of the Company.

      

      

      	Section 16.	
              Withholding Taxes.

            

      

      

      As a condition to acceptance of any Award under the Plan, a Participant authorizes withholding from payroll and any other amounts payable to such Participant, and otherwise agrees to make adequate provision for
        (including), any sums required to satisfy any U.S. federal, state, local and/or foreign tax or social insurance contribution withholding obligations of the Company or an Affiliate, if any, which arise in connection with the exercise, vesting or
        settlement of such Award, as applicable. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient to satisfy any applicable withholding tax requirements related thereto as
        determined by the Company. Whenever Shares or property other than cash are to be delivered pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any related
        taxes to be withheld and applied to the tax obligations as determined by the Company; provided that, with the approval of the Administrator, a Participant may satisfy the foregoing requirement by either (i) electing to have the Company
        withhold from such delivery Shares or other property, as applicable, or (ii) by delivering already owned unrestricted shares of Common Stock, in each case, having a value not exceeding the applicable taxes to be withheld and applied to the tax
        obligations as determined by the Company. Such already owned and unrestricted shares of Common Stock shall be valued at their Fair Market Value on the date on which the amount of tax to be withheld is determined and any fractional share amounts
        resulting therefrom shall be settled in cash. Such an election may be made with respect to all or any portion of the Shares to be delivered pursuant to an award. The Company may also use any other method of obtaining the necessary payment or
        proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Award as determined by the Company.

      

      

      
        13

        
          

      

      

      

       

      	Section 17.	
              Transfer of Awards.

            

      

      

      Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift,
        transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the
        provisions of the Plan or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted or withheld in the sole discretion of the Administrator or except for estate planning purposes,
        subject to the Participant’s and/or the transferee’s execution of any additional documentation reasonably required by the Company. Any purported Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award
        Agreement shall be null and void ab initio, and shall not create any obligation or liability of the Company, and any Person purportedly acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award
        Agreement shall not be entitled to be recognized as a holder of any shares of Common Stock or other property underlying such Award. Unless otherwise determined by the Administrator in accordance with the provisions of the immediately preceding
        sentence, an Option or Stock Appreciation Right may be exercised, during the lifetime of the Participant, only by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s guardian or legal
        representative.

      

      

      	Section 18.	
              Continued Employment or Service.

            

      

      

      Neither the adoption of the Plan nor the grant of an Award hereunder shall confer upon any Eligible Recipient any right to continued employment or service with the Company or any Affiliate thereof, as the case may be,
        nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time.

      

      

      	Section 19.	
              Effective Date.

            

      

      

      The Plan was adopted by the Board on April 16, 2021, was approved by its stockholders as of April 16, 2021 and became effective on [  ], 2021 (“Effective Date”).

      

      

      	Section 20.	
              Term of Plan.

            

      

      

      No Award shall be granted pursuant to the Plan on or after the tenth (10th) anniversary of the Effective Date, but Awards theretofore
        granted may extend beyond that date.

      

      

      	Section 21.	
              Securities Matters and Regulations.

            

      

      

      (a)          Notwithstanding anything herein to the contrary, the obligation of the Company to sell or deliver Common Stock with respect to any Award
          granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or
          appropriate by the Administrator. The Administrator may require, as a condition of the issuance and delivery of certificates evidencing shares of Common Stock pursuant to the terms hereof, that the recipient of such shares make such agreements
          and representations, and that such certificates bear such legends, as the Administrator, in its sole discretion, deems necessary or advisable.

      

      

      (b)          Each Award is subject to the requirement that, if at any time the Administrator determines that the listing, registration or qualification
          of Common Stock issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection
          with, the grant of an Award or the issuance of Common Stock, no such Award shall be granted or payment made or Common Stock issued, in whole or in part, unless such listing, registration, qualification, consent or approval has been effected or
          obtained free of any conditions not acceptable to the Administrator.

      

      

      
        14

        
          

      

      

      

       

      (c)          In the event that the disposition of Common Stock acquired pursuant to the Plan is not covered by a then current registration statement
          under the Securities Act and is not otherwise exempt from such registration, such Common Stock shall be restricted against transfer to the extent required by the Securities Act or regulations thereunder, and the Administrator may require a
          Participant receiving Common Stock pursuant to the Plan, as a condition precedent to receipt of such Common Stock, to represent to the Company in writing that the Common Stock acquired by such Participant is acquired for investment only and not
          with a view to distribution.

      

      

      	Section 22.	
              Notification of Election Under Section 83(b) of the Code.

            

      

      

      If any Participant shall, in connection with the acquisition of shares of Common Stock under the Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such
        election in accordance with the regulations under Section 83 of the Code.

      

      

      	Section 23.	
              No Fractional Shares.

            

      

      

      No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional
        shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

      

      

      	Section 24.	
              Beneficiary.

            

      

      

      A Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time, amend or revoke such designation. If no designated
        beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.

      

      

      	Section 25.	
              Paperless Administration.

            

      

      

      In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or
        interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.

      

      

      	Section 26.	
              Severability.

            

      

      

      If any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the
        Plan.

      

      

      	Section 27.	
              Clawback.

            

      

      

      (a)          Each Award granted under the Plan shall be subject to any applicable recoupment policy maintained by the Company or
          any of its Affiliates as in effect from time to time.

      

      

      (b)          Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any law, government
          regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the
          Company pursuant to any such law, government regulation or stock exchange listing requirement).

      

      

      
        15

        
          

      

      

      

       

      	Section 28.	
              Section 409A of the Code.

            

      

      

      The Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with Section 409A of the Code, and, accordingly, to the maximum extent permitted, the
        Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, the Participant shall
        not be considered to have terminated employment or service with the Company for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have incurred a “separation
        from service” from the Company and its Affiliates within the meaning of Section 409A of the Code. Any payments described in the Plan that are due within the “short term deferral period” as defined in Section 409A of the Code shall not be treated as
        deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any of its
        Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and penalty interest charges imposed under Section 409A of the Code, the settlement and payment of such awards (or other
        amounts) shall instead be made on the first business day after the date that is six (6) months following such separation from service (or upon the Participant’s death, if earlier). Each amount to be paid or benefit to be provided under this Plan
        shall be construed as a separate identified payment for purposes of Section 409A of the Code. The Company makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with Section 409A of
        the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties incurred under Section 409A of the Code.

      

      

      	Section 29.	
              Governing Law.

            

      

      

      The Plan shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of law of such state.

      

      

      	Section 30.	
              Titles and Headings.

            

      

      

      The titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.

      

      

      	Section 31.	
              Successors.

            

      

      

      The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor
        corporation or organization succeeding to substantially all of the assets and business of the Company.

      

      

      	Section 32.	
              Relationship to other Benefits.

            

      

      

      No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare, or other benefit plan of the Company or any
        Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.

      

      

      	Section 33.	
              Provisions for Foreign Participants.

            

      

      

      The Administrator may modify Awards granted to Participants who are nationals of a country other than the United States or employed or residing outside the United States, establish subplans or procedures under the Plan
        or take any other necessary or appropriate action to address applicable law, including (a) differences in laws, rules, regulations or customs of such jurisdictions with respect to tax, securities, currency, employee benefit or other matters, (b)
        listing and other requirements of any non-U.S. securities exchange, and (c) any necessary local governmental or regulatory exemptions or approvals.

      

      

    

  

  16

  
    
      

  

  
    
      Exhibit A

      

      

      FORM OF RESTRICTED STOCK UNIT AGREEMENT

      

      

      
        

        
          

        

      

      

      

      FTC SOLAR, INC.

      

      

      [FORM OF] RESTRICTED STOCK UNIT AGREEMENT

      

      

      THIS RESTRICTED STOCK UNIT AGREEMENT is made effective as of _______________ (the "Grant Date") between FTC Solar, Inc., a Delaware corporation (the "Company"), and _________________
        (the "Participant") pursuant to the FTC Solar, Inc. 2021 Stock Incentive Plan (as amended or amended and restated from time to time, the "Plan").

      

      

      WHEREAS, the Company desires to grant to the Participant an award denominated in units (the "Restricted Stock Units") of its Common Stock; and

      

      

      WHEREAS, the Restricted Stock Units are being issued under and subject to the Plan, and any terms used herein have the same meanings as under the Plan.

      

      

      NOW, THEREFORE, in consideration of the following mutual covenants and for other good and valuable consideration, the parties agree as follows:

      

      

      1.          Grant of Restricted Stock Units.  The Company hereby grants to the Participant ________ Restricted Stock Units upon the terms and conditions and subject to all the limitations
        and restrictions set forth herein and in the Plan, which is incorporated herein by reference. The Participant acknowledges receipt of a copy of the Plan. Each Restricted Stock Unit is a notional amount that represents one share of Common Stock
        (subject to adjustment from time to time in accordance with Section 5 of the Plan in the event of any stock split, subdivision, stock dividend or other similar event affecting the Common Stock). Each Restricted Stock Unit constitutes the right
        (subject to the terms, conditions and vesting schedule under this Agreement and subject to the terms and conditions of the Plan) to receive a distribution of one share of Common Stock (subject to adjustment from time to time in accordance with
        Section 5 of the Plan in the event of any stock split, subdivision, stock dividend or other similar event affecting the Common Stock).

      

      

      2.          Purchase Price.  The purchase price of the Restricted Stock Units shall be deemed to be $0.00 per share.

      

      

      3.          Awards Subject to Acceptance of Agreement.  The Award granted hereunder shall be null and void unless the Participant accepts and executes this Agreement, including such
        acceptances and execution through the On-line Platform (as hereinafter defined).

      

      

      4.          Rights as a Stockholder.  The Participant shall not have any rights of a stockholder as a result of receiving an Award under this Agreement, including, but not limited to, any
        right to vote the shares of Common Stock to be issued hereunder, unless and until (and only to the extent) the Restricted Stock Units have vested and, thereafter, the shares of Common Stock have been distributed pursuant to Sections 5 and 7 hereof.

      

      

      5.          Vesting of Restricted Stock Units.

      

      

      (a)          The Restricted Stock Units shall become vested in accordance with the vesting schedule approved by the Board (or any Committee designated thereby) and as notified to the Participant
        through the On-Line Platform or the vesting schedule to which the Participant and the Company have each approved or accepted through the On-Line Platform (the "Vesting Schedule"), so long as the Participant is providing services to the
        Company at all times from the Grant Date through each such vesting date included in the Vesting Schedule. The Vesting Schedule is incorporated herein and made part of this Agreement.

      

      

      
        

        2

        
          

        

      

      

      

      (b)          For purposes of this Agreement, each date on which any portion of the Restricted Stock Units become vested pursuant to this Section 5 shall be referred to as a "Vesting Date".

      

      

      6.          Termination Provisions.

      

      

      (a)          Termination Prior to Vesting.  Notwithstanding Section 5, if the Participant ceases to be an Employee prior to a Vesting Date for any reason, any unvested Restricted Stock Units
        shall be forfeited by the Participant[; provided, however, that such termination will not result in forfeiture, and the Restricted Stock Units instead will vest as of the Participant's termination from
        service, if the Participant's status as an Employee is terminated involuntarily by the Company without Cause or by the Participant for Good Reason within twelve months following a Change in Control.]

      

      

      7.          Settlement of Restricted Stock Units.

      

      

      (a)          Subject to the terms of the Plan and this Agreement, Restricted Stock Units shall be settled in shares of Common Stock.  Certificates representing shares of Common Stock in connection
        with vested Restricted Stock Units will be issued to the Participant within a reasonable time following the applicable Vesting Date, but in no event shall the Shares be issued later than the date that is later than March 15 of the year following
        the end of the calendar year in which such Vesting Date occurs.

      

      

      8.          Withholding Taxes.

      

      

      (a)          As a condition to acceptance of any shares of Common Stock in settlement of the Restricted Stock Units, the Participant authorizes withholding from payroll and any other amounts
        payable to such Participant, and otherwise agrees to make adequate provision for (including), any sums required to satisfy any U.S. federal, state, local and/or foreign tax or social insurance contribution withholding obligations (the "Required
          Tax Payments") of the Company or an Affiliate, if any, which arise in connection with the Award. If the Participant shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion, deduct any
        Required Tax Payments from any amount then or thereafter payable by the Company to the Participant.

      

      

      (b)          The Participant may elect, subject to Company approval, to satisfy his or her obligation to advance the Required Tax Payments with respect to the Restricted Stock Unit Award by any of
        the following means: (1) a cash payment to the Company pursuant to Section 8(a), (2) delivery (either actual delivery or by attestation procedures established by the Company) to the Company of previously owned whole shares of Common Stock (which
        the Participant has held for at least six months prior to the delivery of such shares or which the Participant purchased on the open market and for which the Participant has good title, free and clear of all liens and encumbrances) having a Fair
        Market Value, determined as of the date the obligation to withhold or pay taxes first arises in connection with the Award (the "Tax Date"), equal to the Required Tax Payments, (3) authorizing the Company to withhold from the shares of Common
        Stock otherwise to be delivered to the Participant pursuant to the Award, a number of whole shares of Common Stock having a Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments, (4) a cash payment following the
        Participant's sale of (or by a broker-dealer acceptable to the Company through which the Participant has sold) a number of shares of Common Stock with respect to which the Required Tax Payments have arisen having a Fair Market Value determined as
        of the Tax Date equal to the Required Tax Payments, or (5) any combination of (1), (2), (3) and (4). Any fraction of a Share which would be required to satisfy such an obligation shall be disregarded and the remaining amount due shall be paid in
        cash by the Participant.  No certificate representing a share of Common Stock shall be delivered until the Required Tax Payments have been satisfied in full.

      

      

      
        

        3

        
          

        

      

      

      

      9.          Compliance with Applicable Law.  The Restricted Stock Unit Award is subject to the condition that if the listing, registration or qualification of the Common Stock to be issued
        upon the vesting of the Award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the vesting of
        the Restricted Stock Units or delivery of shares hereunder, the Restricted Stock Units subject to the Award shall not vest or the shares of Common Stock will not be delivered unless such listing, registration, qualification, consent or approval
        shall have been effected or obtained, free of any conditions not approved by the Company (which approval will not be unreasonably withheld).

      

      

      10.          Market Stand-Off Agreement.  Participant agrees that Participant shall not Transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or
        similar transaction with the same economic effect as a sale of, any Common Stock (or other securities) of the Company held by the Participant (other than those included in the registration) during the one hundred eighty (180) day period following
        the effective date of the initial registration statement of the Company filed under the Securities Act of 1933, as amended (the "1933 Act"), in connection with the Initial Public Offering (or such longer period as the underwriters or the
        Company shall request in order to facilitate compliance with FINRA Rule 2711 or NYSE Member Rule 472 or any successor or similar rule or regulation) and during the ninety (90) day period following the effective date of any subsequent registration
        statement of the Company filed under the 1933 Act (or such longer period as the underwriters or the Company shall request in order to facilitate compliance with FINRA Rule 2711 or NYSE Member Rule 472 or any successor or similar rule or
        regulation); provided that such restrictions with respect to any subsequent registration shall terminate one year after the effective date of the Initial Public Offering. The foregoing provisions shall not
        apply to the sale of any securities to an underwriter pursuant to an underwriting agreement. The underwriters in connection with any public offering subject to the foregoing provisions are intended third party beneficiaries and shall have the right
        to enforce the provisions hereof as though they were a party hereto. The provisions hereof shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or Rule 145 transactions on Form S-4, or similar forms
        that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the securities subject to the provisions hereof until the end of the applicable periods. If requested, the Participant agrees to execute a
        market stand-off agreement with the underwriters in customary form.

      

      

      11.          Miscellaneous.

      

      

      (a)          Successors.  The provisions of this Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Except as otherwise expressly
        provided in this Agreement to the contrary, the provisions of this Agreement shall inure to the benefit of and be binding upon the Participant and the Participant's successors and assigns.

      

      

      
        

        4

        
          

        

      

      

      

      (b)          No Employment or Service Contract. Nothing in this Agreement shall confer upon Participant any right to continue in the service of the Company (or any affiliated entity) for any
        period of time or restrict in any way the rights of the Company (or any affiliated entity) or the Participant to terminate the services of the Participant at any time for any reason, with or without cause.  [If the Participant has a written
        employment agreement with the Company or any Affiliate which contains different or additional provisions relating to Plan awards, or otherwise conflicts with the terms of this Agreement, the provisions of the employment agreement will govern.]

      

      

      (c)          Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision
        or of any other provision hereof.

      

      

      (d)          Notices.  All notices under this Agreement must be in writing and shall be deemed given when delivered personally or by confirmed facsimile or email, one (1) day after being
        sent by nationally recognized courier service, or three (3) days after being sent by prepaid certified mail, to the address of the party to be noticed as set forth herein or such other address as such party last provided to the other party by
        written notice.

      

      

      (e)          Governing Law.  This Agreement will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of
        law of such state.

      

      

      (f)          Counterparts; Facsimile; Electronic Signatures; Electronic Delivery.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of
        which together shall constitute one instrument. This Agreement may be executed and delivered by facsimile or electronic transmission (including by means of signature, acceptance or approval via an on-line or electronic system established and
        maintained by the Company or a third party designated by the Company (the "On-line Platform"), and upon such delivery, the facsimile or electronic transmission (including by means of a signature, acceptance or approval via the On-line
        Platform) shall have the same effect as if an original signature had been delivered to the other party.  This Agreement shall also be deemed to be updated, modified, amended or completed, as applicable, by any terms relating to the Restricted Stock
        Units under this Agreement that are accepted, agreed or approved through the On-line Platform by the Company and the Participant, including any term that completes a "blank" in this document.  The Company also may, in its sole discretion, decide to
        deliver by email, through the On-line Platform or other electronic means any documents related to the Participant's current or future participation in the Plan, this Agreement, the Restricted Stock Units, any other securities of the Company or any
        other Company-related documents, including notices to stockholders required by applicable law, the Company's Certificate of Incorporation and/or Bylaws. The Participant hereby: (i) consents to receive such documents by email, through the On-line
        Platform or other electronic means, (ii) consents to the use of electronic signatures or signatures, acceptances or approvals obtained through the On-line Platform, and (iii) if applicable, agrees to participate in the Plan and/or receive any such
        documents related to the Plan through the On-line Platform. The Company may deliver the above-described documents to the Participant by sending a communication to the Participant's email address on file with the Company or delivery made through the
        On-line Platform.

      

      

      
        

        5

        
          

        

      

      

      

      (g)          Transfers.  Restricted Stock Units may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and
        distribution.

      

      

      (h)          Severability.  Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable, or enforceable only if modified, such holding shall not
        affect the validity of the remainder of this Agreement, the balance of which shall continue to be binding upon the parties hereto with any such modification (if any) to become a part hereof and treated as though contained in this original
        Agreement.  Moreover, if one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to scope, activity, subject or otherwise so as to be unenforceable, in lieu of severing such unenforceable
        provision, such provision or provisions shall be construed by the appropriate judicial body by limiting or reducing it or them, so as to be enforceable to the maximum extent compatible with the applicable law as it shall then appear, and such
        determination by such judicial body shall not affect the enforceability of such provisions or provisions in any other jurisdiction.

      

      

      (i)          Code Section 409A; Reformation.

      

      

      (i)          The intent of the parties is that the payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended ("Section

          409A"), to the extent subject thereto, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith or exempt therefrom.  Without limiting the foregoing and notwithstanding anything
        contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this
        Agreement or any other arrangement between the Participant and the Company during the six-month period immediately following the Participant's separation from service shall instead be paid on the first business day after the date that is six months
        following the Participant's separation from service (or, if earlier, the Participant's date of death).  All payments under this Agreement shall be considered to be separate payments for purposes of Section 409A.  The Company makes no representation
        that any or all of the payments described in this Agreement will be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to any such payment.  The Participant shall be solely responsible for the
        payment of any taxes and penalties incurred under Section 409A of the Code.

      

      

      (ii)          If any provision of this Agreement or the Plan shall be invalid or unenforceable, in whole or in part, or as applied to any circumstance, under the laws of any
        jurisdiction that may govern for such purpose, or if any provision of this Agreement or the Plan needs to be interpreted to comply with the requirements of Section 409A of the Code, then such provision shall be deemed to be modified or restricted,
        or so interpreted, to the extent and in the manner necessary to render the same valid and enforceable, or to the extent and in the manner necessary to be interpreted in compliance with such requirements of the Code, either generally or as applied
        to such circumstance, or shall be deemed excised from this Agreement or the Plan, as the case may require, and this Agreement or the Plan shall be construed and enforced to the maximum extent permitted by law as if such provision had been
        originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be.

      

      

      
        

        6

        
          

        

      

      

      

      (j)          Restricted Stock Unit Agreement Subject to Plan.  This Agreement is made pursuant to all of the provisions of the Plan, which is incorporated herein by this reference, and is
        intended, and shall be interpreted in a manner, to comply therewith.  In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern.  The Participant hereby
        acknowledges receipt of a copy of the Plan.  The Participant hereby acknowledges that all decisions, determinations and interpretations of the Administrator in respect of the Plan, this Agreement and the Restricted Stock Units shall be final and
        conclusive.

      

      

      (k)          Headings.  Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation upon or descriptive of the contents of any such Section.

      

      

      (l)          Entire Agreement.  Except as may be set forth in an employment agreement between the Company and the Participant, this Agreement and the Plan contain the entire agreement and
        understanding among the parties as to the subject matter hereof, and supersede any other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof.

      

      

      [remainder of page intentionally left blank]

      

      

      
        

        7

        
          

        

      

      

      

      IN WITNESS WHEREOF, the Company and the Participant have caused this Agreement to be executed on its and his or her behalf effective the day and year first above written.

      

      

      	
              COMPANY:

               

              FTC SOLAR, INC.

            	
              PARTICIPANT:

               

            
	 	 
	
              Accepted and executed via the On-Line Platform

            	
              Accepted and executed via the On-Line Platform

            
	 	 
	
              Address: As set forth in the On-Line Platform

            	
              Address: As set forth in the On-Line Platform

            

      

      

      

      

      Signature Page to Restricted Stock Unit Agreement

      
        

        
          

        

      

      

      

      Exhibit B

      

      

      FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

      

      

      
        

        
          

        

      

      

      

      FTC SOLAR, INC.

      

      

      [FORM OF] NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

      

      

      THIS NON-QUALIFIED STOCK OPTION AWARD AGREEMENT is made effective as of _______________ (the "Grant Date") between FTC Solar, Inc., a Delaware corporation (the "Company"), and
        _________________ (the "Participant") pursuant to the FTC Solar, Inc. 2021 Stock Incentive Plan (as amended or amended and restated from time to time, the "Plan").

      

      

      WHEREAS, the Company desires to grant to the Participant an option (the "Option") to purchase shares of Common Stock; and

      

      

      WHEREAS, Options are being issued under and subject to the Plan, and any terms used herein have the same meanings as under the Plan.

      

      

      NOW, THEREFORE, in consideration of the following mutual covenants and for other good and valuable consideration, the parties agree as follows:

      

      

      1.          Grant of Non-Qualified Stock Option.  The Company hereby grants to the Participant, pursuant to the terms of this Agreement and the Plan, an option to purchase [●] Shares at an
        exercise price of $[ ] per share that will vest on the satisfaction of the conditions set forth in Section 4(a) of this Agreement (the "Option").

      

      

      2.          Awards Subject to Acceptance of Agreement. The Award granted hereunder shall be null and void unless the Participant accepts and executes this Agreement, including such
        acceptances and execution through the On-line Platform (as defined below).

      

      

      3.          Voting and Other Rights.  The Participant shall have no rights of a stockholder with respect to the Shares subject to the Option (including the right to vote and the right to
        receive distributions or dividends) unless and until Shares are issued in respect of the exercise of the Option in accordance with Sections 5 and 6 hereof.

      

      

      4.          Vesting.

      

      

      (a)          The Shares subject to the Option shall vest and become exercisable upon satisfying the vesting schedule approved by the Board (or any Committee designated thereby) and as notified to
        the Participant through the On-Line Platform (as hereinafter defined) or the vesting schedule to which the Participant and the Company have each approved or accepted through the On-Line Platform (the "Vesting Schedule"), so long as the
        Participant is providing services to the Company at all times from the Grant Date through each such vesting date included in the Vesting Schedule. The Vesting Schedule is incorporated herein and made part of this Agreement.

      

      

      (b)          If the Participant's service is terminated for any reason, (i) the Shares subject to the Option that have not satisfied the vesting requirement as of the date of termination shall be
        forfeited without payment of any consideration and all rights of the Participant with respect to such Shares subject to the Option shall immediately terminate, and (ii) neither the Participant nor any of the Participant's successors, heirs,
        assigns, or personal representatives shall thereafter have any further rights or interests in such forfeited Shares subject to the Option[; provided, however, that such
            termination will not result in forfeiture, and Options instead will vest as of the Participant's termination from service, if the Participant's status as an Employee is terminated involuntarily by the Company without Cause or by the Participant
            for Good Reason within twelve months following a Change in Control].

      

      

      

      
        

        2

        
          

        

      

      

      

      5.          Timing of Exercise.  Following the vesting of the Option as set forth in Section 4 hereof, the Participant may exercise all or any portion of such Option at any time prior to the
        10th anniversary of the Grant Date.

      

      

      6.          Method of Exercise.  The Participant may exercise the Option by giving written notice of exercise to the Company specifying the number of Shares to be purchased, accompanied by
        payment in full of the aggregate exercise price of the Shares so purchased in cash or its equivalent; provided, that, notwithstanding the foregoing, the Participant shall be permitted, at his or her
        election, to satisfy payment of the aggregate exercise price of such Shares by cashless exercise or net share settlement, pursuant to which the Company shall be authorized to withhold from the shares of Common Stock otherwise to be delivered to the
        Participant pursuant to the Award, a number of whole shares of Common Stock having a Fair Market Value, determined as of the date of exercise, equal to the aggregate exercise price of the Shares with respect to which the Option is being exercised.

      

      

      7.          Withholding Taxes.

      

      

      (a)          As a condition to the exercise of Options, the Participant authorizes withholding from payroll and any other amounts payable to such Participant, and otherwise agrees to make adequate
        provision for (including), any sums required to satisfy any U.S. federal, state, local and/or foreign tax or social insurance contribution withholding obligations (the "Required Tax Payments") of the Company or an Affiliate, if any, which
        arise in connection with the Award. If the Participant shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by
        the Company to the Participant.

      

      

      (b)          The Participant may elect to satisfy his or her obligation to advance the Required Tax Payments with respect to the Option by any of the following means: (1) a cash payment to the
        Company pursuant to Section 7(a), (2) delivery (either actual delivery or by attestation procedures established by the Company) to the Company of previously owned whole shares of Common Stock (which the Participant has held for at least six months
        prior to the delivery of such shares or which the Participant purchased on the open market and for which the Participant has good title, free and clear of all liens and encumbrances) having a Fair Market Value, determined as of the date the
        obligation to withhold or pay taxes first arises in connection with the Award (the "Tax Date"), equal to the Required Tax Payments, (3) authorizing the Company to withhold from the shares of Common Stock otherwise to be delivered to the
        Participant pursuant to the Award, a number of whole shares of Common Stock having a Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments, (4) a cash payment following the Participant's sale of (or by a broker-dealer
        acceptable to the Company through which the Participant has sold) a number of shares of Common Stock with respect to which the Required Tax Payments have arisen having a Fair Market Value determined as of the Tax Date equal to the Required Tax
        Payments, or (5) any combination of (1), (2), (3) and (4). Any fraction of a share of Common Stock which would be required to satisfy such an obligation shall be disregarded and the remaining amount due shall be paid in cash by the Participant.  No
        certificate representing a share of Common Stock shall be delivered until the Required Tax Payments have been satisfied in full.

      

      

      
        

        3

        
          

        

      

      

      

      8.          Compliance with Applicable Law.  The Options are subject to the condition that if the listing, registration or qualification of the Common Stock to be issued upon the exercise of
        the Option upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the exercise of the Options or
        delivery of shares hereunder, the shares of Common Stock will not be delivered unless such listing, registration, qualification, consent or approval shall have been effected or obtained, free of any conditions not approved by the Company (which
        approval will not be unreasonably withheld).

      

      

      9.          Miscellaneous.

      

      

      (a)          Successors.  The provisions of this Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Except as otherwise expressly
        provided in this Agreement to the contrary, the provisions of this Agreement shall inure to the benefit of and be binding upon the Participant and the Participant's successors and assigns.

      

      

      (b)          No Employment or Service Contract. Nothing in this Agreement shall confer upon Participant any right to continue in the service of the Company (or any affiliated entity) for any
        period of time or restrict in any way the rights of the Company (or any affiliated entity) or the Participant to terminate the services of the Participant at any time for any reason, with or without cause.

      

      

      (c)          Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision
        or of any other provision hereof.

      

      

      (d)          Notices.  All notices under this Agreement must be in writing and shall be deemed given when delivered personally or by confirmed facsimile or email, one (1) day after being
        sent by nationally recognized courier service, or three (3) days after being sent by prepaid certified mail, to the address of the party to be noticed as set forth herein or such other address as such party last provided to the other party by
        written notice.

      

      

      (e)          Governing Law.  This Agreement will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of
        law of such state.

      

      

      (f)          Counterparts; Facsimile; Electronic Signatures; Electronic Delivery.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of
        which together shall constitute one instrument. This Agreement may be executed and delivered by facsimile or electronic transmission (including by means of signature, acceptance or approval via an on-line or electronic system established and
        maintained by the Company or a third party designated by the Company (the "On-line Platform"), and upon such delivery, the facsimile or electronic transmission (including by means of a signature, acceptance or approval via the On-line
        Platform) shall have the same effect as if an original signature had been delivered to the other party.  This Agreement shall also be deemed to be updated, modified, amended or completed, as applicable, by any terms relating to the Options under
        this Agreement that are accepted, agreed or approved through the On-line Platform by the Company and the Participant, including any term that completes a "blank" in this document.  The Company also may, in its sole discretion, decide to deliver by
        email, through the On-line Platform or other electronic means any documents related to the Participant's current or future participation in the Plan, this Agreement, the Options, any other securities of the Company or any other Company-related
        documents, including notices to stockholders required by applicable law, the Company's Certificate of Incorporation and/or Bylaws. The Participant hereby: (i) consents to receive such documents by email, through the On-line Platform or other
        electronic means, (ii) consents to the use of electronic signatures or signatures, acceptances or approvals obtained through the On-line Platform, and (iii) if applicable, agrees to participate in the Plan and/or receive any such documents related
        to the Plan through the On-line Platform. The Company may deliver the above-described documents to the Participant by sending a communication to the Participant's email address on file with the Company or delivery made through the On-line Platform.

      

      

      
        

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      (g)          Transfers.  The Options may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.

      

      

      (h)          Severability; Reformation.  Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable, or enforceable only if modified, such
        holding shall not affect the validity of the remainder of this Agreement, the balance of which shall continue to be binding upon the parties hereto with any such modification (if any) to become a part hereof and treated as though contained in this
        original Agreement.  Moreover, if one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to scope, activity, subject or otherwise so as to be unenforceable, in lieu of severing such
        unenforceable provision, such provision or provisions shall be construed by the appropriate judicial body by limiting or reducing it or them, so as to be enforceable to the maximum extent compatible with the applicable law as it shall then appear,
        and such determination by such judicial body shall not affect the enforceability of such provisions or provisions in any other jurisdiction.  If any provision of this Agreement or the Plan needs to be interpreted to comply with the requirements of
        Section 409A of the Code, then such provision shall be deemed to be modified or restricted, or so interpreted, to the extent and in the manner necessary to render the same valid and enforceable, or to the extent and in the manner necessary to be
        interpreted in compliance with such requirements of the Code, either generally or as applied to such circumstance, or shall be deemed excised from this Agreement or the Plan, as the case may require, and this Agreement or the Plan shall be
        construed and enforced to the maximum extent permitted by law as if such provision had been originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be.

      

      

      (i)          Option Award Agreement Subject to Plan.  This Agreement is made pursuant to all of the provisions of the Plan, which is incorporated herein by this reference, and is intended,
        and shall be interpreted in a manner, to comply therewith.  In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern.  The Participant hereby acknowledges receipt
        of a copy of the Plan.  The Participant hereby acknowledges that all decisions, determinations and interpretations of the Administrator in respect of the Plan, this Agreement and the Option shall be final and conclusive.

      

      

      
        

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      (j)          Headings.  Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation upon or descriptive of the contents of any such Section.

      

      

      (k)          Entire Agreement.  Except as may be set forth in an employment agreement between the Company and the Participant, this Agreement and the Plan contain the entire agreement and
        understanding among the parties as to the subject matter hereof, and supersede any other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof.

      

      

      [remainder of page intentionally left blank]

      

      

      
        

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      IN WITNESS WHEREOF, the Company and the Participant have caused this Agreement to be executed on its and his or her behalf effective the day and year first above written.

      

      

      	
              COMPANY:

               

              FTC SOLAR, INC.

            	
              PARTICIPANT:

            
	 	 
	
              Accepted and executed via the On-Line Platform

            	
              Accepted and executed via the On-Line Platform

            
	 	 
	
              Address: As set forth in the On-Line Platform

            	
              Address: As set forth in the On-Line Platform

            

      

      

      Signature Page to Options Award Agreement

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