Document:

Exhibit
10.6

 

Execution
Version

 

STOCKHOLDERS’
AGREEMENT

 

By
and Among

 

C-PAK
PREFCO SVP I, INC.,

 

CAPITAL
PARK HOLDINGS CORP.,

 

and

 

PINEY
LAKE OPPORTUNITIES NON-ECI MASTER FUND LP

 

dated
as of

 

May
3, 2019

 

    	 		 

    	 

    

 

STOCKHOLDERS’ AGREEMENT

 

THIS
STOCKHOLDERS’ AGREEMENT (this “Agreement”), is made as of May 3, 2019, by and among C-PAK PREFCO SVP
I, INC., a Delaware corporation (the “Company”), Capital Park Holdings Corp., a Delaware corporation (“Capital
Park”), and Piney Lake Opportunities NON-ECI Master Fund LP, a Cayman Islands exempted limited partnership (“PLC”).

 

RECITALS

 

WHEREAS,
Capital Park holds all of the outstanding shares of Common Stock;

 

WHEREAS,
PLC holds all of the outstanding shares of Preferred Stock; and

 

WHEREAS,
the Company, PrefCo and PLC desire to enter into this Agreement.

 

NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.
Definitions. Capitalized terms used herein shall have the meaning set forth in the Amended and Restated Certificate of
Incorporation of the Company (the “Certificate of Incorporation”). Any capitalized terms used herein, but not
defined in the Certificate of Incorporation, have the meanings set forth in this Section 1:

 

“Affiliate”
means with respect to any stockholder, (a) any Person that directly or indirectly, through one or more intermediaries, controls,
is controlled by, or is under common control with a stockholder; (b) any entity of which a stockholder is an officer, director,
general partner or trustee, or serves in a similar capacity; or (c) any child, grandchild (whether through marriage, adoption
or otherwise), sibling (whether through adoption or otherwise), parent, or spouse of a stockholder. As used in this definition
of “Affiliate,” the term “control” means possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a Person whether through ownership of voting securities, by contract or
otherwise.

 

“Agreement”
is defined in the preamble.

 

“Attorney-In-Fact”
is defined in Section 2.4.

 

“Bidders”
is defined in Section 2.1(a).

 

“Business”
shall have the meaning set forth in the Loan Agreement.

 

“Capital
Park” is defined in the preamble.

 

“Company”
is defined in the preamble.

 

“Certificate
of Incorporation” is defined in Section 1.

 

“Drag
Along Notice” is defined in Section 2.2.

 

“Drag
Along Sellers” is defined in Section 2.2.

 

“Investment
Bank” is defined in Section 2.1(a).

 

    	 	1	 

    	 

    

 

“Law
Firm” is defined in Section 2.1(a).

 

“Participating
Seller” is defined in Section 2.2.

 

“PLC”
is defined in the preamble.

 

“PLC
Manager” shall have the meaning set forth in the Amended and Restated Limited Liability Company Agreement for C-PAK
Consumer Product Holdings SPV I LLC, dated May 3, 2019.

 

“PrefCo”
is defined in the preamble.

 

“Prospective
Buyer” is defined in Section 2.2.

 

“Transfer”
means any sale, pledge, assignment, encumbrance or other transfer or disposition of any shares of capital stock of the Company
to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process
or otherwise.

 

2.
Sale Trigger Event.

 

2.1
Notwithstanding anything to the contrary contained herein or in the Certificate of Incorporation, upon the occurrence of, and
during the continuation of, any Sale Trigger Event, the Required Preferred Stockholders shall have the right to cause the Company
to effect an Exit Sale. The Required Preferred Stockholders may exercise such right by delivering a Sale Notice to the Company
at any time and from time to time after the occurrence of and during the continuation of a Sale Trigger Event:

 

(a)
If the Required Preferred Stockholders elect to cause an Exit Sale pursuant to this Section 2, then the Company and each
stockholder of the Company shall take all necessary and desirable actions as directed by the Required Preferred Stockholders in
connection with the consummation of any Exit Sale, including: (a) in the case of the Company, engaging a nationally recognized
investment bank selected by the Required Preferred Stockholders (the “Investment Bank”) to establish procedures
to effect the Exit Sale with the objective of achieving the highest practicable value within a reasonable period of time on terms
and conditions satisfactory to the Required Preferred Stockholders in their reasonable discretion; (b) cooperating with the Investment
Bank in accordance with such procedures, including by preparing customary marketing materials approved by the Required Preferred
Stockholders; (c) in the case of the Company, hiring independent nationally recognized legal counsel as may be selected by the
Required Preferred Stockholders to act on behalf of the Company and the stockholders of the Company as legal counsel in connection
with such Exit Sale (the “Law Firm”); (d) cooperating with proposed bidders and their financing sources and
each of their respective representatives and advisors (collectively “Bidders”), and also with the Required
Preferred Stockholders and the Law Firm, in the evaluation of an Exit Sale; (e) facilitating the due diligence process in respect
of any such Exit Sale, including by (A) establishing, populating and maintaining an online “data room”, (B) causing
the senior management team to participate in customary management presentations, site visits, bank meetings and presentations,
road shows, ratings agency presentations, and all such other meetings and conference calls with Bidders requested by the Required
Preferred Stockholders to facilitate the evaluation, structuring, negotiation, documentation, financing and closing of such Exit
Sale; (f) executing a sale contract and other customary documents approved by the Required Preferred Stockholders consistent with
this Agreement; (g) making required governmental filings and taking all other actions necessary to obtain necessary governmental
approvals and third party consents; (h) providing any financial or other information or audit required by the Bidders, including
with respect to “KYC” and other legal compliance matters; and (i) taking all necessary or desirable actions to effect
such Exit Sale to the fullest extent permitted by law.

 

    	 	2	 

    	 

    

 

(b)
The Company shall bear, and promptly pay, all of the costs and expenses (other than taxes) of any actual or proposed Exit Sale
or related process conducted in accordance with the foregoing to the extent such costs are incurred at the direction of the Required
Preferred Stockholders by the Company or stockholder of the Company. The Company shall also provide the holders of Preferred Stock
with the opportunity to participate in the Exit Sale process, including participation in all material meetings, conversations
and correspondence with the Investment Bank, Law Firm, Bidders and/or any applicable governmental or regulatory agencies.

 

2.2
Exercise. If the Required Preferred Stockholders elect to exercise their rights under this Section 2, and such exercise
of rights results in an offer for the Sale of the Company to one or more Bidders, the Required Preferred Stockholders shall thereafter
select and designate a single Bidder as the prospective buyer (the “Prospective Buyer”); provided, however,
that in the event that (i) in the event there are multiple Bidders and (ii) two or more Bidders submit offers which provide for
the payment in full, in cash, of all amounts then due and owing by the Company to PLC and are otherwise equivalent in terms of
committed financing and certainty of closure, then the Company shall designate the Prospective Buyer and thereafter, the Company
shall furnish a written notice of the Prospective Buyer (the “Drag Along Notice”) to each other stockholder
of the Company. The Drag Along Notice shall set forth the principal terms of the proposed Sale of the Company insofar as it relates
to such shares of capital stock of the Company or stockholder of the Company, including, as applicable (x) the shares of capital
stock of the Company or assets to be acquired by the Prospective Buyer, (y) the per share consideration to be received in the
proposed Sale of the Company and (z) the name and address of the Prospective Buyer. If the Prospective Buyer consummates the proposed
Sale of the Company to which reference is made in the Drag Along Notice by purchase of shares of capital stock of the Company,
each other stockholder of the Company (each a “Participating Seller”, and, together with the holders of Preferred
Stock, collectively, the “Drag Along Sellers”) shall be bound and obligated to sell its shares of capital stock
of the Company in the proposed Sale of the Company on the same terms and conditions (other than price, which shall be as set forth
in Section 2.3) and, if applicable, to vote all such shares in favor of such transaction.

 

2.3
Application of Proceeds. The proceeds of any Sale of the Corporation to which this Section 2 applies shall be first
be allocated to the holders of Preferred Stock so that each holder of Preferred Stock receives an amount per share of Preferred
Stock equal to the Redemption Price as of the time of the closing of such Sale of the Company, and then to the holders of Common
Stock on a pro rata basis in proportion to the number of shares of Common Stock held by each holder of Common Stock

 

2.4
Irrevocable Proxy. In order to secure each stockholder’s obligation to vote his, her or its shares of capital stock
of the Company in accordance with the provisions of this Section 2, each stockholder hereby appoints the PLC Manager (the
“Attorney-In-Fact”) as such stockholder’s true and lawful proxy, representative, agent and attorney-in-fact,
with full power of substitution, to vote at any annual or special meeting of the stockholders, or to take any action by written
consent in lieu of such meeting with respect to, or to otherwise take action in respect of, all of the shares of capital stock
of the Company owned or held of record by such stockholder for all such matters as expressly provided for in this Section 2.
Each Attorney-In-Fact, after the Required Preferred Stockholders have elected to exercise their rights under Section 2.1,
subject to the termination of the Exit Sale under Section 2.5, may exercise the irrevocable proxy granted to them hereunder
at any time any stockholder fails to comply with any of the provisions of this Section 2. Each of the proxies and powers
granted by each stockholder pursuant to this Section 2.4 is coupled with an interest and is given to secure the performance
of such stockholder’s obligations under this Agreement. Such proxies and powers shall be irrevocable, shall terminate upon
the termination of this Agreement and shall survive the death, incompetency, disability, bankruptcy or dissolution of such stockholder
and the subsequent holders of his, her or its shares of capital stock of the Company. To effectuate the provisions of this Section
2.4, the Secretary of the Company and of each of its subsidiaries, or, if there shall be no Secretary, then such other officer
or employee of the Company or such subsidiary as the Board of Directors may appoint to fulfill the duties of the Secretary, shall
not record any vote or consent or other action contrary to the terms of this Agreement. The stockholders shall severally, but
not jointly, on a pro rata basis, indemnify and hold harmless, each Attorney-In-Fact from any and all losses, liabilities and
expenses (including the reasonable fees and expenses of counsel) arising out of or related to such Attorney-In-Fact’s service
as the Attorney-In-Fact.

 

    	 	3	 

    	 

    

 

2.5
Waiver of Appraisal Rights. Each stockholder hereby waives, and hereby agrees not to demand or exercise, all appraisal
rights, dissenters rights or similar rights under any applicable law with respect to a transaction subject to this Section
2 as to which any such appraisal rights, dissenters rights or similar rights are, or may be, available.

 

2.6
Closing. At the closing of any Exit Sale effected as a sale of shares of capital stock of the Company, such stockholder
shall deliver to the Company a reasonable instrument of transfer against receipt of the proceeds.

 

3.
Transfers by Stockholders. Except as contemplated by Section 2, no stockholder of the Company may Transfer all or
any part of his, her or its shares of Common Stock to any Person other than Capital Park or a controlled Affiliate of Capital
Park.

 

4.
Protective Provision. For so long as PLC owns any shares of Preferred Stock or any Interests in the SPV, without the prior
vote or written consent of PLC, Capital Park shall not, and shall cause its Affiliates (other than the SPV and its respective
subsidiaries) not to, whether by or as a result of a merger, consolidation or business combination or otherwise, engage in the
Business.

 

5.
Miscellaneous.

 

5.1
Successors and Assigns. The rights, terms and conditions of this Agreement inure to the benefit of and are binding upon
the respective successors and permitted assignees of the parties hereto. Nothing in this Agreement, express or implied, is intended
to confer upon any party other than the parties hereto or their respective successors and permitted assignees any rights, remedies,
obligations or liabilities under or by reason of this Agreement, except as expressly provided herein.

 

5.2
Governing Law. This Agreement shall be governed by the internal law of the State of Delaware without regard to any choice
of law principles.

 

5.3
Counterparts. This Agreement may be executed in counterparts and by facsimile, each of which shall be deemed an original,
but all of which shall constitute one and the same instrument.

 

5.4
Titles and Subtitles; Pronouns. The titles and subtitles used in this Agreement are for convenience only and are not to
be considered in construing or interpreting this Agreement. All pronouns and any variations thereof used herein shall be deemed
to refer to the masculine, feminine, singular or plural, as identity of the person or persons may require.

 

5.5
Notices. Any notice or other document required or permitted to be given or delivered to any party shall be in writing and
sent (a) by e-mail if the sender on the same day sends a confirming copy of such notice by a recognized overnight delivery service
(charges prepaid), (b) by registered or certified mail with return receipt requested (postage prepaid) or (c) by a recognized
overnight delivery service (with charges prepaid). All communications shall be sent to the respective parties at their addresses
as set forth on Schedule A hereto, or to such email address or physical address as subsequently modified by written notice
given in accordance with this Section 5.5.

 

    	 	4	 

    	 

    

 

5.6
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent
of the Company, Capital Park and PLC. Any amendment, termination, or waiver effected in accordance with this Section 5.6
shall be binding on all parties hereto, regardless of whether any such party has consented thereto. No waivers of or exceptions
to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a
further or continuing waiver of any such term, condition, or provision.

 

5.7
Severability. In case any one or more of the provisions contained in this Agreement is for any reason held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision
of this Agreement, and such invalid, illegal, or unenforceable provision shall be reformed and construed so that it will be valid,
legal, and enforceable to the maximum extent permitted by law.

 

5.8
Entire Agreement. This Agreement (including any Schedules hereto) and the agreements referenced herein constitute the full
and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral
agreement relating to the subject matter hereof existing between the parties is expressly canceled.

 

5.9
Jurisdiction. Any legal proceedings arising out of any of the transactions or obligations contemplated by this Agreement
may be brought in the Court of Chancery of the State of Delaware or the United States District Court for the District of Delaware,
and appellate courts therefrom. The parties hereto irrevocably and unconditionally: (a) submit to the jurisdiction of such courts
and agree to take any and all future action necessary to submit to such jurisdiction; (b) waive any obligation which they may
now or hereafter have to the venue of any suit, action or proceeding brought in such courts; and (c) waive any claim that any
such suit, action or proceeding brought in such court has been brought in an inconvenient forum.

 

5.10
Waiver of Jury Trial. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY
AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT
LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND
THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

5.11
Delays or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any party under this Agreement,
upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching
or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar
breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default theretofore or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to
any party, shall be cumulative and not alternative.

 

[Remainder
of Page Intentionally Left Blank]

 

    	 	5	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Stockholders’ Agreement as of the date first written above.

 

	 	C-PAK
    PREFCO SVP I, INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Eric Blue
	 	Name:	Eric
    C. Blue
	 	Title:	President
	 	 	 
	 	CAPITAL
    PARK HOLDINGS CORP.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Eric Blue
	 	Name:	Eric
    C. Blue
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	PINEY
    LAKE OPPORTUNITIES NON-ECI MASTER FUND LP,
	 	a
    Cayman Islands exempted limited partnership
	 	 	 
	 	By:	Piney
    Lake Capital Management LP as Advisor
	 	 	 
	 	By:	/s/
    Michael Lazar
	 	Name:	Michael
    B. Lazar
	 	Title:	President

 

SIGNATURE
PAGE TO STOCKHOLDERS’ AGREEMENT

 

    	 		 

    	 

    

 

SCHEDULE
A

 

SCHEDULE
OF PARTIES

 

C-PAK
PREFCO SVP I, INC.

8117
Preston Road, Suite 300

Dallas,
TX 75225

Attention:
Eric Blue

Email:
eric.blue@capitalpark.net

 

With
a mandatory copy, which shall not constitute notice, to:

 

Locke
Lord LLP

2200
Ross Avenue, Suite 2800

Dallas,
TX 75201

Attention:
Arthur Anthony

Email:
aanthony@lockelord.com

 

Capital
Park Holdings Corp.

8117
Preston Road, Suite 300

Dallas,
TX 75225

Attention:
Eric Blue

Email:
eric.blue@capitalpark.net

 

With
a mandatory copy, which shall not constitute notice, to:

 

Locke
Lord LLP

2200
Ross Avenue, Suite 2800

Dallas,
TX 75201

Attention:
Arthur Anthony

Email:
aanthony@lockelord.com

 

Piney
Lake Opportunities NON-ECI Master Fund LP

 

Four
Greenwich Office Park

Greenwich,
CT 06831

Attention:
Michael C. Cassetta

Facsimile
No.: (203) 307-5988

Email:
notices@piney-lake.com

 

With
a mandatory copy, which shall not constitute notice, to:

 

Proskauer
Rose LLP

One
International Place

Boston,
MA 02110

Attn:
Peter J. Antoszyk

Facsimile
No.: (617) 526-9899

Email:
pantoszyk@proskauer.comExhibit
10.7

 

Execution
Version

 

INVESTORS’
RIGHTS AGREEMENT

 

By
and Among

 

C-PAK
CONSUMER PRODUCT HOLDINGS SPV I LLC,

 

C-PAK
PREFCO SVP I, INC.,

 

and

 

PINEY
LAKE OPPORTUNITIES ECI MASTER FUND LP

 

dated
as of

 

May
3, 2019

 

    	 	 	 

    	 

    

 

INVESTORS’
RIGHTS AGREEMENT

 

THIS
INVESTORS’ RIGHTS AGREEMENT (this “Agreement”), is made as of May 3, 2019, by and among C-PAK Consumer
Product Holdings SPV I, LLC, a Delaware limited liability company (the “Company”), C-PAK PREFCO SVP I, INC.,
a Delaware corporation (“PrefCo”), and Piney Lake Opportunities ECI Master Fund LP, a Cayman Islands exempted
limited partnership (“PLC”).

 

RECITALS

 

WHEREAS,
PrefCo and PLC collectively hold all of the outstanding Common Units;

 

WHEREAS,
PrefCo holds all of the outstanding Preferred Units; and

 

WHEREAS,
the Company, PrefCo and PLC desire to enter into this Agreement.

 

NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.
Definitions. Capitalized terms used herein shall
have the meaning set forth in the Amended and Restated Limited Liability Company Agreement of the Company, by and between the
Company and each of the Persons party thereto (the “LLC Agreement”). Any capitalized terms used herein, but
not defined in the LLC Agreement, have the meanings set forth in this Section 1:

 

“Agreement”
is defined in the preamble.

 

“Company”
is defined in the preamble.

 

“Certificate”
is the Amended and Restated Limited Liability Company Agreement of the Company.

 

“LLC
Agreement” is defined in Section 1.

 

“Notice”
is defined in Section 3.1.

 

“Offered
Interests” is defined in Section 3.

 

“Offered
Units” is defined in Section 3.2.

 

“PLC”
is defined in the preamble.

 

“PrefCo”
is defined in the preamble.

 

“Public
Offering” means any sale of common equity securities of the Company or any Subsidiary of the Company (or, in each case,
any successor thereto) pursuant to an effective registration statement under the Securities Act filed with the Securities and
Exchange Commission or the equivalent thereof in a jurisdiction other than the United States.

 

“Purchaser”
is defined in Section 4.1.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

    	 	 	 

    	 

    

 

“Selling
Member” is defined in Section 4.1.

 

“Tag-Along
Notice” is defined in Section 4.1.

 

“Tag-Along
Units” is defined in Section 4.1.

 

2.
Registration Rights. The Company covenants and
agrees that in connection with an initial Public Offering, the Company and each of PrefCo and PLC will enter into a customary
registration rights agreement with respect to such Member’s Common Units, and such registration rights agreement shall provide
PrefCo and PLC (i) demand rights and (ii) piggyback registration rights, in each case, commensurate with such Member’s Percentage
Interest.

 

3.
Preemptive Rights. Subject to the terms and conditions specified in this Section 3, the Company hereby grants to each of
PrefCo and PLC a right of first offer, proportionate to their respective Percentage Interest, with respect to future sales by
the Company or Subsidiaries of Interests or other equity interests of the Company or any of its Subsidiaries (the “Offered
Interests”); provided, however, that this Section 3 shall not apply to any issuances to an unaffiliated
third party in connection with the Company’s entry into a bona fide joint venture transaction with such unaffiliated third
party so long as such unaffiliated third party agrees to subordinate its interest in such joint venture to the Preferred Units
in a manner satisfactory to the holders of Preferred Units. Each time the Company or any Subsidiary proposes to offer or sell
any Offered Interests, the Company shall first make an offering of such Offered Interests to each of PrefCo and PLC in accordance
with the following provisions:

 

3.1
No later than thirty (30) days prior to selling the Offered Interests, the Company shall deliver written notice (the “Notice”)
to PrefCo and PLC stating (i) its bona fide intention to offer such Offered Interests, (ii) the number and description of such
Offered Interests to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such Offered Interests.

 

3.2
By written notification received by the Company, within twenty (20) days after giving of the Notice, each of PrefCo and PLC may
elect to purchase or obtain, at the price and on the terms specified in the Notice, up to that portion of such Offered Interests
which equals its respective Percentage Interest, and PrefCo and PLC shall thereafter purchase such Offered Interests within five
(5) calendar days following the expiration of such twenty (20) day period.

 

3.3
If either PrefCo or PLC fail to, or indicate in writing that it will not, exercise the option within the period provided in Section
3.2, the Company may, during the thirty (30) day period following the expiration of the period provided in Section 3.2, offer
the Offered Interests not subscribed for PrefCo or PLC to any Person or Persons at a price not less than, and upon terms no more
favorable to the offeree than those specified in the Notice. If the Company does not enter into such an agreement for the sale
of the Offered Interests within such period, or if such agreement is not consummated within sixty (60) days of the execution thereof,
the right provided hereunder shall be deemed to be revived, and such Offered Interests shall not be offered unless first reoffered
to each of PrefCo and PLC in accordance herewith.

 

4.
Tag-Along Rights.

 

4.1
If at any time PrefCo receives a bona fide written offer to sell any or all of its Common Units which it intends to accept (the
Units and interests proposed for sale being the “Tag-Along Units”) to an unaffiliated Person (the “Purchaser”),
PrefCo (the “Selling Member”) shall give the other Members a written notice (the “Tag-Along Notice”)
of the Selling Member’s intent to sell the Tag-Along Units. The Tag-Along Notice shall disclose the identity of the Purchaser,
the Tag-Along Units proposed to be sold, the terms and conditions, including price, of the proposed sale, and any other material
terms and facts relating to the proposed sale. The Tag-Along Notice shall further state that such other Members may participate
in such sale on the terms and conditions applicable to the sale of the Tag-Along Units in accordance with the provisions of this
Section 4.

 

    	 	2	 

     

    

 

4.2
If any other Member wishes to so participate in any sale under this Section 4, it shall notify the Selling Member in writing of
such intention as soon as practicable after, and in any event within ten (10) days after, the date of the Tag-Along Notice and
shall have the right to sell to the Purchaser, on the same terms and conditions as are involved in such sale of Tag-Along Units
by the Selling Member, the number of such Member’s Common Units equal to the number of Common Units owned by such Member
multiplied such Member’s Percentage Interest (such aggregate number of Common Units together with the Tag-Along Units, the
“Offered Units”). The Selling Member and, if participating, any other Member, shall sell to the Purchaser all,
or at the option of the Purchaser, any part of the Offered Units proposed to be sold as described in the Tag-Along Notice at not
less than the price and upon other terms and conditions, if any, not more favorable to the Purchaser than those described in the
Tag-Along Notice; provided, however, that any purchase of Offered Units by the Purchaser shall be made from the
Selling Member and, if participating, any other Member on a pro rata basis based upon number of Tag Along Units and the number
of Common Units requested to be included in such transaction by the Purchaser.

 

4.3
The obligations of the parties pursuant to this Section 4 are subject to the satisfaction of the following conditions:

 

(a)
in connection with any Transfer pursuant to this Section 4, (i) PLC shall not be required to make any representations or warranties
in connection therewith other than with respect to title and ownership to the Units being conveyed by PLC and its authority; (ii)
PLC’s indemnification obligations shall be limited to the lesser of (x) the amount of consideration received by PLC in such
Transfer and (y) PLC’s pro rata portion of such indemnification obligation; (iii) PLC shall only be responsible for any
indemnification obligation on a several (and not joint and several) basis; (iv) PLC’s indemnification obligations shall
be limited to representations and warranties it makes regarding ownership of its equity in the Company; and (v) PLC shall not
be required to enter into or be bound by any restrictive covenants (including non-competition and non-solicitation provisions)
in connection with such Transfer pursuant to this Section 4; and

 

(b)
if within ninety (90) days after the delivery of the Tag-Along Notice, the sale giving rise to the Tag Along Notice has not been
consummated, all the restrictions on Transfer contained in this Agreement at such time shall again be in effect.

 

5.
Miscellaneous.

 

5.1
Binding Effect. The Board of Managers has approved
the execution and delivery of this Agreement by the Company and in doing so has explicitly approved the Transfers of Units contemplated
herein, including, without limitation, pursuant to Section 4, for all purposes, including Section 14 of the LLC Agreement, which
approval is irrevocable and may be relied on by the parties to this Agreement and shall be binding on the Members notwithstanding
any subsequent action with respect thereto purported to be taken by the Board of Managers, the Company or any Member.

 

    	 	3	 

     

    

 

5.2
Successors and Assigns. The rights, terms and conditions of this Agreement inure to the benefit of and are binding upon
the respective successors and permitted assignees (including any Permitted Transferees of Units) of the parties hereto. Nothing
in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective
successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except
as expressly provided herein.

 

5.3
Governing Law. This Agreement shall be governed
by the internal law of the State of Delaware without regard to any choice of law principles.

 

5.4
Counterparts. This Agreement may be executed
in counterparts and by facsimile, each of which shall be deemed an original, but all of which shall constitute one and the same
instrument. 

 

5.5
Titles and Subtitles; Pronouns. The titles and subtitles used in this Agreement are for convenience only and are not to
be considered in construing or interpreting this Agreement. All pronouns and any variations thereof used herein shall be deemed
to refer to the masculine, feminine, singular or plural, as identity of the person or persons may require.

 

5.6
Notices. Any notice or other document required
or permitted to be given or delivered to any party shall be in writing and sent (i) by e-mail if the sender on the same day sends
a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), (b) by registered or certified
mail with return receipt requested (postage prepaid) or (c) by a recognized overnight delivery service (with charges prepaid).
All communications shall be sent to the respective parties at their addresses as set forth on Schedule A hereto, or to
such email address or physical address as subsequently modified by written notice given in accordance with this Section 5.6. 

 

5.7
Amendments and Waivers. Any term of this Agreement
may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and
either retroactively or prospectively) only with the written consent of the Company, PrefCo and PLC. Any amendment, termination,
or waiver effected in accordance with this Section 5.7 shall be binding on all parties hereto, regardless of whether any such
party has consented thereto. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or
more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

5.8
Severability. In case any one or more of the provisions contained in this Agreement is for any reason held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision
of this Agreement, and such invalid, illegal, or unenforceable provision shall be reformed and construed so that it will be valid,
legal, and enforceable to the maximum extent permitted by law.

 

5.9
Entire Agreement. This Agreement (including any
Schedules hereto) and the agreements referenced herein constitute the full and entire understanding and agreement among the parties
with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing
between the parties is expressly canceled. 

 

5.10
Jurisdiction. Any legal proceedings arising out of any of the transactions or obligations contemplated by this Agreement
may be brought in the Court of Chancery of the State of Delaware or the United States District Court for the District of Delaware,
and appellate courts therefrom. The parties hereto irrevocably and unconditionally: (a) submit to the jurisdiction of such courts
and agree to take any and all future action necessary to submit to such jurisdiction; (b) waive any obligation which they may
now or hereafter have to the venue of any suit, action or proceeding brought in such courts; and (c) waive any claim that any
such suit, action or proceeding brought in such court has been brought in an inconvenient forum.

 

    	 	4	 

     

    

 

5.11
Waiver of Jury Trial. EACH PARTY HEREBY WAIVES
ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF.
THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE
TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE),
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES
HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT
SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

5.12
Delays or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any party under this Agreement,
upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching
or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar
breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default theretofore or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to
any party, shall be cumulative and not alternative.

 

[Remainder
of Page Intentionally Left Blank]

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Investors’ Rights Agreement as of the date first written above.

 

	 	C-PAK
    CONSUMER PRODUCT HOLDINGS SPV I LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:	/s/
    Eric Blue                                                           
	 	Name:	Eric
    C. Blue 
	 	Title:	Manager
	 	 	 
	 	C-PAK
    PREFCO SVP I, INC.,
	 	a
Delaware corporation
	 	 	 
	 	By:	/s/
    Eric Blue
	 	Name:	Eric
C. Blue
	 	Title:	Manager
	 	 	 
	 	PINEY
LAKE OPPORTUNITIES ECI MASTER FUND LP,
	 	a
Delaware limited partnership
	 	 	 
	 	By:	Piney
    Lake Capital Management LP as Advisor
	 	 	 
	 	By:	/s/
    Michael Lazar 
	 	Name:	Michael
    B. Lazar
	 	Title:	President

 

Signature
Page to Investors’ Rights Agreement

 

    	 

     

    

 

SCHEDULE
A

 

SCHEDULE
OF PARTIES

 

C-PAK
Consumer Product Holdings SPV I LLC 

8117 Preston Road, Suite 300 

Dallas, TX 75225 

Attention: Eric Blue 

Email: eric.blue@capitalpark.net

 

With
a mandatory copy, which shall not constitute notice, to:

 

Locke
Lord LLP

2200
Ross Avenue, Suite 2800‎

Dallas,
TX 75201‎

Attention:
Arthur Anthony

Email:
aanthony@lockelord.com

 

C-PAK
PREFCO SVP I, INC.

8117
Preston Road, Suite 300‎

Dallas,
TX 75225‎

Attention:
Eric Blue

Email:
eric.blue@capitalpark.net

 

With
a mandatory copy, which shall not constitute notice, to:

 

Locke
Lord LLP

2200
Ross Avenue, Suite 2800‎

Dallas,
TX 75201‎

Attention:
Arthur Anthony

Email:
aanthony@lockelord.com

 

Piney
Lake Opportunities ECI Master Fund LP

Four
Greenwich Office Park

Greenwich,
CT 06831

Attention:
Michael C. Cassetta

Facsimile
No.: (203) 307-5988

Email:
notices@piney-lake.com

 

With
a mandatory copy, which shall not constitute notice, to:

 

Proskauer
Rose LLP

One
International Place

Boston,
MA 02110

Attn:
Peter J. Antoszyk

Facsimile
No.: (617) 526-9899

Email:
pantoszyk@proskauer.com

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