Document:

Exhibit
10.20

 

STOCK
OPTION AGREEMENT FOR NON-U.S. OPTIONEES

 

THIS
AGREEMENT, dated as of the date indicated on Schedule B hereto (the “Grant Date”), is made by
and between Renaissance Parent Corp., a corporation existing under the laws of Delaware (hereinafter referred to as the “Company”)
and the individual whose name is set forth on the signature page hereof, who is an employee of the Company or a Subsidiary or
Affiliate of the Company (hereinafter referred to as the “Optionee”). Any capitalized terms herein not otherwise
defined in Article I shall have the meaning set forth in the 2013 Stock Incentive Plan for Key Employees of Renaissance Parent
Corp. and its Subsidiaries, as such Plan may be amended from time to time (the “Plan”).

 

WHEREAS,
the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement;
and

 

WHEREAS,
the Committee has determined that it would be to the advantage and best interest of the Company and its shareholders to grant
the Option provided for herein to the Optionee as an incentive for increased efforts during his term of office with the Company
or its Subsidiaries or Affiliates, and has advised the Company thereof and instructed the undersigned officers to issue said Option;

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto do hereby agree as follows:

 

ARTICLE
I

DEFINITIONS

 

Whenever
the following terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates
to the contrary.

 

Section
1.1.           Cause

 

“Cause”
shall mean, with respect to an Optionee: (i) a material breach by the Optionee of the terms of the Company’s policies, the
terms of which have previously been provided to such Optionee; (ii) any act of theft, misappropriation, embezzlement, fraud or
similar conduct by the Optionee involving the Company or any of its Affiliates; (iii) the Optionee’s failure to act in accordance
with any specific lawful instructions given to the Optionee by the Board (or any committee thereof) in connection with the performance
of the Optionee’s duties for the Company or any subsidiary of the Company, which continues beyond ten (10) Business Days
after a written demand for substantial performance is delivered to the Optionee by the Company (the “Cure Period”);
(iv) any damage of a material nature to the business or property of the Company or any Affiliate caused by Optionee’s willful
or grossly negligent conduct which continues beyond the Cure Period (to the extent that, in the Board’s reasonable judgment,
such breach can be cured); (v) any intentional misconduct by the Optionee which is reasonably likely to be materially damaging
to the Company without a reasonable good faith belief by the Optionee that such conduct was in the best interests of the Company;
(vi) the conviction or the plea of nolo contendere or the equivalent in respect of any felony or a misdemeanor involving an act
of dishonesty, moral turpitude, deceit, or fraud by the Optionee; or (vii) a knowing and material breach of the Management Stockholder’s
Agreement or the Optionee’s other written agreements with the Company which continues beyond the Cure Period (to the extent
that, in the Board’s reasonable judgment, such breach can be cured). A termination for Cause shall be effective when the
Company has given the Optionee written notice of its intention to terminate for Cause, describing those acts or omissions that
are believed to constitute Cause, and has given the Optionee the Cure Period within which to respond.

 

    

     

    

 

Section
1.2.           Disability

 

“Disability”
shall mean “Disability” as such term is defined in any Other Relevant Agreement between the Optionee and the Company
or any Subsidiary thereof, or, if there is no such agreement or no such term defined therein, “Disability” for purposes
of eligibility for benefits under the long-term disability plan of the Company or any Subsidiary thereof, as applicable.

 

Section
1.3.           EBITDA

 

“EBITDA”
shall have the meaning as set forth on Schedule A attached hereto.

 

Section
1.4.           Fiscal Year

 

“Fiscal
Year” shall mean each of the fiscal years of the Company set forth on Schedule A attached hereto.

 

Section
1.5.           Good Reason

 

“Good
Reason” shall mean: (i) a material adverse change in the Optionee’s position causing it to be of materially less stature,
responsibility, or authority or the assignment to the Optionee of any material duties inconsistent with the customary duties of
the Optionee’s position, in each case without the Optionee’s written consent (provided that if, after an Initial Public
Offering, the Company or its successor entity ceases to be a publicly traded entity, such fact shall not constitute a change in
the Optionee’s existing position), (ii) the relocation of the offices at which the Optionee is principally employed to a
location which is more than 50 miles from the offices at which the Optionee is principally employed immediately prior to such
relocation, or (iii) a reduction, without the Optionee’s written consent, in the Optionee’s base salary or the target
bonus amount the Optionee is eligible to earn under the Company’s current annual incentive plan or any successor or replacement
annual incentive plan that the Company adopts (such current plan or any such successor or replacement plan, the “Annual
Incentive Plan”); provided, however, that nothing herein shall be construed to guarantee the Optionee’s bonus
for any year if the applicable performance targets are not met; and provided further, that it shall not constitute Good Reason
hereunder if the Company makes an appropriate pro rata adjustment to the applicable bonus and targets under the Annual Incentive
Plan in the event of a change in the Company’s fiscal year.

 

Unless the Optionee
provides written notification of an event described in clauses (i) or (ii) above within ninety (90) days after the Optionee knows
or has reason to know of the occurrence of any such event, the Optionee shall be deemed to have consented thereto and such event
shall no longer constitute Good Reason for purposes of this Agreement. If the Optionee provides such written notification to the
Company (or such subsidiary of the Company as may be specified in the Stock Option Agreement), the Company shall have ten (10)
Business Days from the date of receipt of such notice to effect a cure of the event described therein and, upon cure thereof by
the Company to the reasonable satisfaction of the Optionee, such event shall no longer constitute Good Reason for purposes of
this Agreement. Notwithstanding the foregoing, any event described in clauses (i) or (ii) above must be an event that would result
in a material negative change in the Optionee’s employment relationship with the Company and thus effectively constitute
an involuntary termination of employment for purposes of Section 409A of the Code.

 

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Section
1.6.           Management Stockholder’s Agreement

 

“Management
Stockholder’s Agreement” shall mean that certain Management Stockholder’s Agreement between the Optionee and
the Company.

 

Section
1.7.           Option

 

“Option”
shall mean the aggregate of the Time Option and the Performance Option, as granted under Section 2.1 of this Agreement.

 

Section
1.8.           Performance Option

 

“Performance
Option” shall mean the right and option to purchase, on the terms and conditions set forth herein, all or any part of an
aggregate of the number of Shares set forth on Schedule B hereof opposite the term Performance Option.

 

Section
1.9.           Sale Participation Agreement

 

“Sale
Participation Agreement” shall mean that certain Sale Participation Agreement between the Optionee and KKR Renaissance Aggregator
L.P.

 

Section
1.10.         Sponsor IRR

 

“Sponsor
IRR” shall mean, as of a Change in Control, the cumulative
internal rate of return of the Sponsor (which in no circumstances includes any fees paid to the Sponsor or expenses reimbursed
to the Sponsor from time to time (“Sponsor Fees”)) on the Sponsor’s aggregate amount of cash invested
in (and the initial gross asset value of any property (other than money) contributed to) the Company by the Sponsor, directly
or indirectly, from time to time in respect of such investment, determined on a fully diluted basis, assuming inclusion of all
Shares underlying all then outstanding Time Options and Performance Options.

 

Section
1.11.          Sponsor MOIC

 

“Sponsor
MOIC” shall mean, as of a Change in Control, the result obtained by dividing (i) the cash consideration received by the
Sponsor (other than any Sponsor Fees) as of the Change in Control by (ii) the aggregate amount of cash invested in (and the initial
gross asset value of any property (other than money) contributed to) the Company by the Sponsor, directly or indirectly, from
time to time in respect of such investment.

 

Section
1.12.         Time Option

 

“Time
Option” shall mean the right and option to purchase, on the terms and conditions set forth herein, all or any part of an
aggregate of the number of Shares set forth on Schedule B hereof opposite the term Time Option.

 

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ARTICLE
II

 

GRANT OF OPTIONS

 

Section
2.1.           Grant of Options

 

For
good and valuable consideration, on and as of the Grant Date, the Company irrevocably grants to the Optionee the following Stock
Options: (a) the Time Option and (b) the Performance Option, in each case on the terms and conditions set forth in this Agreement.

 

Section
2.2.           Exercise Price

 

Subject
to Section 2.4, the exercise price of the Shares covered by the Option (the “Exercise Price”) shall be as set
forth on Schedule B hereof, which shall be the Fair Market Value on the Grant Date.

 

Section
2.3.           No Guarantee of Employment

 

Nothing
in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ or service relationship of
the Company or any Subsidiary or Affiliate or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries
or Affiliates, which are hereby expressly reserved, to terminate the employment of the Optionee at any time for any reason whatsoever.

 

Section
2.4.           Certain Adjustments to Stock Options 

 

The
Option shall be subject to, and the Company, the Committee and the Optionee shall have such rights as are specified under, the
adjustment provisions of Sections 8 and 9 of the Plan, as applicable.

 

ARTICLE
III

 

PERIOD OF EXERCISABILITY

 

Section
3.1.           Commencement of Exercisability

 

(a)       So
long as the Optionee continues to be employed by the Company or any other Service Recipients through each applicable vesting date
specified below, the Option shall become exercisable pursuant to the following schedules:

 

(i)                Time
Option. The Time Option shall become vested and exercisable with respect to 20% of the Shares subject to such Option on the
last day of each of the Fiscal Years 2016, 2017, 2018, 2019 and 2020 respectively.

 

(ii)               Performance
Option.

 

		(A)	If the
                                         Company achieves the applicable EBITDA targets as set forth for each of the Fiscal Years
                                         2016 through 2020 as set forth on Schedule A attached hereto (each an “Annual
                                         Performance Target”), then the Performance Option shall be eligible to become
                                         vested and exercisable with respect to 20% of the Shares subject to such Option at the
                                         end of each such Fiscal Year.

 

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		(B)	Notwithstanding
                                         the foregoing, in the event that the Annual Performance Target is not achieved in a particular
                                         Fiscal Year (a “Missed Year”), then that 20% portion of the Performance
                                         Option that was eligible to vest but failed to vest due to the Company’s failure
                                         to achieve its Annual Performance Target in the Missed Year shall nevertheless also vest
                                         and become exercisable at the end of any subsequent Fiscal Year if at the end
                                         of such subsequent Fiscal Year, the Cumulative Performance Target set forth on Schedule
                                         A for such Fiscal Year is achieved or exceeded. Any part of the Performance Option
                                         that does not vest pursuant to Section 3.1(a)(ii)(A) or (B) shall remain outstanding
                                         as an unvested Option subject to vesting pursuant to Section 3.1(b) until such Option
                                         otherwise terminates pursuant to this Agreement.

 

(b)            Effect
of Change in Control. Notwithstanding any of Section 3.1(a) above:

 

(i)       immediately
prior to any Change in Control, any then unvested portion of the Time Option shall become immediately vested and exercisable as
to 100% of the Shares subject to such Time Option; and

 

(ii)       immediately
prior to any Change in Control, any then unvested portion of the Performance Option shall become immediately vested and exercisable
as to 100% of the Shares subject to such Performance Option, but only if, and to the extent that, as a result of such Change
in Control, the Sponsor has achieved a Sponsor IRR of 22.5% and a Sponsor MOIC of 2.5x.

 

(c)           Forfeit
of Unvested Options on Termination of Employment. No Option shall become exercisable as to any additional Shares following
the termination of employment of the Optionee for any reason and any Option that is unexercisable as of the Optionee’s termination
of employment shall immediately expire without payment therefor. For the purposes of this Agreement, if the termination of the
Optionee’s employment is subject to a notice period, the date such notice is given will be deemed to be the Optionee’s
termination date.

 

Section
3.2.           Expiration of Option

 

Except
as otherwise provided in Section 5 or Section 6 of the Management Stockholder’s Agreement, the Optionee may not exercise
any vested portion of the Option to any extent after the first to occur of the following events:

 

(a)       The
tenth anniversary of the Grant Date;

 

(b)       The
first anniversary of the date of the termination of the Optionee’s employment with the Company and all Service Recipients,
if the Optionee’s employment is terminated by reason of death or Disability;

 

(c)       Immediately
upon the date of the termination of the Optionee’s employment by the Company and all Service Recipients for Cause;

 

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(d)       Thirty
(30) days after the date of the termination of the Optionee’s employment by the Company and all Service Recipients by the
Optionee without Good Reason (except due to death or Disability);

 

(e)       One-hundred
eighty (180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without
Cause (except due to death or Disability);

 

(f)       One-hundred
eighty (180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients
by the Optionee for Good Reason;

 

(g)       The
date the Option is terminated pursuant to a Change in Control or Section 4 or 5 of the Management Stockholder’s Agreement;
or

 

(h)       Notwithstanding
any of the foregoing, immediately or on such date established, if the Committee so determines pursuant to Section 9 of the Plan.

 

ARTICLE
IV

 

EXERCISE OF OPTION

 

Section
4.1.           Person Eligible to Exercise

 

During
the lifetime of the Optionee, only the Optionee (or his or her duly authorized legal representative) may exercise an Option or
any portion thereof. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when an Option
becomes unexercisable under Section 3.2, be exercised by his personal representative or by any person empowered to do so under
the Optionee’s will or under the then applicable laws of descent and distribution.

 

Section
4.2.           Partial Exercise

 

Any
exercisable portion of an Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any
time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided, however,
that any partial exercise shall be for whole Shares only.

 

Section
4.3.           Manner of Exercise

 

An
Option, or any exercisable portion thereof, may be exercised solely by delivering to the Company at the addresses set out in Schedule
C all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2:

 

(a)       Notice
in writing signed by the Optionee or the other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee;

 

(b)       Full
payment (in cash by wire transfer, if the Optionee so elects in the notice of exercise through the withholding of Shares (any
such Shares valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Stock Option in a
manner that is compliant with applicable law or other form of payment if agreed by the Company) of the Exercise Price for the
Shares with respect to which such Option or portion thereof is exercised;

 

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(c)       Full
payment (in cash by wire transfer or, if vested Options are being exercised during the exercise periods specified in any of Sections
3.2(b), (e) or (f), as applicable, or if otherwise so agreed by the Company, through the withholding of Shares in the same manner
as provided in Section 4.3(b) above) to satisfy the Tax-Related Items (as defined in Section 4.5 below) with respect to which
such Option or portion thereof is exercised;

 

(d)       A
bona fide written representation and agreement, in a form satisfactory to the Committee, signed by the Optionee or other person
then entitled to exercise such Option or portion thereof, stating that the Shares are being acquired for his own account, for
investment and without any present intention of distributing or reselling said shares or any of them except as may be permitted
under (i) the U.S. Securities Act of 1933, as amended (the “Act”), and then applicable rules and regulations
thereunder and (ii) the Management Stockholder’s Agreement, and that the Optionee or other person then entitled to exercise
such Option or portion thereof will indemnify the Company against and hold it free and harmless from any loss, damage, expense
or liability resulting to the Company if any sale or distribution of the shares by such person is contrary to the representation
and agreement referred to above; provided, however, that the Committee may, in its reasonable discretion, take whatever
additional actions it deems reasonably necessary to ensure the observance and performance of such representation and agreement
and to effect compliance with the Act, if applicable and any other federal or state securities laws or regulations; and

 

(e)       In
the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by any person or persons other than the Optionee,
appropriate proof of the right of such person or persons to exercise the Option.

 

Without limiting
the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it, to the extent required under
Section 3 of the Management Stockholder’s Agreement, to the effect that any subsequent transfer of shares acquired on exercise
of an Option does not violate the Act or other applicable laws, and may issue stop-transfer orders covering such shares. Share
certificates evidencing stock issued on exercise of this Option shall bear an appropriate legend referring to the provisions of
subsection (d) above and the agreements herein. The written representation and agreement referred to in subsection (d) above shall,
however, not be required if the shares to be issued pursuant to such exercise have been registered under the Act and/or other
applicable laws, and such registration is then effective in respect of such shares.

 

Section
4.4.           Conditions to Issuance of Stock Certificates/Registration
of Issuance of Shares

 

The
Shares deliverable upon the exercise of an Option, or any portion thereof, may be either non-issued and/or previously authorized
but unissued shares to the extent legally permitted or issued shares, which have then been reacquired by the Company. Such shares
when issued shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates
for Shares purchased and as the case may be subscribed for (if certified, or if not certified, register the issuance of such shares
on its books and records) upon the exercise of an Option or portion thereof prior to fulfillment of all of the following conditions:

 

(a)       The
obtaining of approval or other clearance from any state or federal governmental agency which the Committee shall, in its reasonable
and good faith discretion, determine to be necessary or advisable;

 

(b)       The
execution by the Optionee of the Management Stockholder’s Agreement and the Sale Participation Agreement if the Optionee
is not already a party to such agreements; and

 

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(c)       The
payment in full to the Company of the Exercise Price for the Shares for which the Option is exercised as provided in Section 4.3(c).

 

         As
soon as practicable after fulfillment of the conditions in this Section 4.4, the Company shall issue the Shares deliverable upon
the exercise of the Option to the Optionee (either by delivery of a certificate for such Shares, or if not certificated by registering
the issuance of such Shares on its books and records) and shall enter the Optionee’s ownership of such Shares into the register
of registered shares of the Company.

 

Section
4.5.          Responsibility for Taxes

 

Regardless
of any action the Company or the Service Recipients take with respect to any or all income tax, social insurance, payroll tax,
payment on account or other tax-related items related to the Optionee’s participation in the Plan and legally applicable
to the Optionee (“Tax-Related Items”), the Optionee acknowledges that the ultimate liability for all Tax-Related
Items is and remains the Optionee’s responsibility and may exceed the amount actually withheld by the Company or the Service
Recipients. The Optionee further acknowledges that the Company and/or the Service Recipients (1) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Options, including, but not limited to,
the grant, vesting or exercise of the Options, the delivery of Shares upon exercise of the Options, the subsequent sale of Shares
acquired under the Plan and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the
terms of the Options or any aspect of the Options to reduce or eliminate the Optionee’s liability for Tax-Related Items
or achieve any particular tax result. Further, if the Optionee has become subject to tax in more than one jurisdiction between
the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the
Company and/or the Service Recipients (or the Subsidiary or Affiliate formerly employing or retaining the Optionee, as applicable)
may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

 

Prior
to any relevant taxable or tax withholding event, as applicable, the Optionee will pay or make adequate arrangements satisfactory
to the Company and/or the Service Recipients to satisfy all Tax-Related Items. In this regard, the Optionee authorizes the Company
and/or the Service Recipients, or their respective agents, at their discretion, to satisfy the obligations with regard to all
Tax-Related Items by one or a combination of the following:

 

(a)       withholding
from the Optionee’s wages or other cash compensation paid to the Optionee by the Company and/or the Service Recipients;
or

 

(b)       withholding
from proceeds of the sale of Shares delivered upon exercise of the Options either through a voluntary sale or through a mandatory
sale arranged by the Company (on the Optionee’s behalf pursuant to this authorization); or

 

(c)       withholding
of Shares otherwise issuable upon exercise of the Options.

 

Depending
on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates, including maximum applicable rates, in which case the Optionee will
receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent. If the obligation
for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Optionee is deemed to have been issued the
full number of Shares subject to the exercised Options, notwithstanding that a number of the Shares are held back solely for the
purpose of paying the Tax-Related Items due as a result of any aspect of the Optionee’s participation in the Plan.

 

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Finally,
the Optionee shall pay to the Company or the Service Recipients any amount of Tax-Related Items that the Company or the Service
Recipients may be required to withhold or account for as a result of the Optionee’s participation in the Plan that cannot
be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale
of Shares, if the Optionee fails to comply with the Optionee’s obligations in connection with the Tax-Related Items.

 

Section
4.6.           Rights as Stockholder

 

The
holder of an Option shall not be, nor have any of the rights or privileges of, a stockholder of the Company in respect of any
Shares purchasable upon the exercise of the Option or any portion thereof unless and until such Shares shall have been issued
by the Company to such holder (in case of issuance of new Shares) and/or the Shares have otherwise been recorded in the register
of registered shares of the Company as owned by such holder (and then only to the extent such Shares are held directly by the
holder).

 

ARTICLE
V

 

MISCELLANEOUS

 

Section
5.1.           Administration

 

The
Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations
and determinations made by the Committee shall be final and binding upon the Optionee, the Company and all other interested persons.
No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with
respect to the Plan or the Option. In its absolute discretion, the Board may at any time and from time to time exercise any and
all rights and duties of the Committee under the Plan and this Agreement.

 

Section
5.2.           Option Not Transferable

 

Neither
the Option nor any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Optionee
or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment
or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be
null and void and of no effect; provided, however, that this Section 5.2 shall not prevent transfers by will or by the applicable
laws of descent and distribution.

 

Section
5.3.           Notices

 

All
notices and other communications provided for herein shall be in writing. Any notice or other communication hereunder shall be
deemed duly given (i) upon electronic confirmation of facsimile, (ii) one Business Day following the date sent when sent by overnight
delivery, and (iii) five (5) Business Days following the date mailed when mailed by registered or certified mail return receipt
requested and postage prepaid, in each case as follows: Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of its Board, and any notice to be given to the Optionee shall be addressed to him at
the address given beneath his signature hereto. By a notice given pursuant to this Section 5.3, either party may hereafter designate
a different address for notices to be given to him. Any notice, which is required to be given to the Optionee, shall, if the Optionee
is then deceased, be given to the Optionee’s personal representative if such representative has previously informed the
Company of his status and address by written notice under this Section 5.3.

 

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Section
5.4.           Nature of Grant

 

In
accepting the Option, the Optionee acknowledges, understands and agrees that:

 

(a)       the
Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time;

 

(b)       the
grant of the Options is voluntary and occasional and does not create any contractual or other right to receive future grants,
or benefits in lieu of Options, even if Options have been granted in the past;

 

(c)       all
decisions with respect to future grants of Options, if any, will be at the sole discretion of the Company;

 

(d)       the
Options and the Shares subject to the Options are not intended to replace any pension rights or compensation;

 

(e)       the
Optionee is voluntarily participating in the Plan;

 

(f)       the
Option and any Shares acquired under the Plan and the income and value of same, are not part of normal or expected compensation
for any purpose, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;

 

(g)       the
future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

 

(h)       if
the underlying Shares do not increase in value, the Option will have no value;

 

(i)       if
the Optionee exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below
the Exercise Price;

 

(j)       no
claim or entitlement to compensation or damages shall arise from forfeiture of the Options resulting from termination of the Optionee’s
employment or other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of
employment laws in the jurisdiction where the Optionee is employed or the terms of the Optionee’s employment agreement,
if any), and in consideration of the grant of the Option to which the Optionee is otherwise not entitled, the Optionee irrevocably
agrees never to institute any claim against the Company, any of its Subsidiaries or Affiliates or the Service Recipients, waives
his or her ability, if any, to bring any such claim, and releases the Company, its Subsidiaries, Affiliates and the Service Recipients
from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then,
by participating in the Plan, the Optionee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute
any and all documents necessary to request dismissal or withdrawal of such claim;

 

(k)       for
purposes of the Option, the Optionee’s employment or service relationship will be considered terminated as of the date the
Optionee is no longer actively providing services to the Company or one of its Subsidiaries or Affiliates (regardless of the reason
for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the
Optionee is employed or the terms of the Optionee’s employment agreement, if any), and unless otherwise expressly provided
in this Agreement or determined by the Company, (i) the Optionee’s right to vest in the Option under the Plan, if any, will
terminate as of such date and will not be extended by any notice period (e.g., the Optionee’s period of service would not
include any contractual notice period or any period of “garden leave” or similar period mandated under employment
laws in the jurisdiction where the Optionee is employed or the terms of the Optionee’s employment agreement, if any); and
(ii) the period (if any) during which the Optionee may exercise the Option after such termination of the Optionee’s employment
or service relationship will commence as of such date and will not be extended by any notice period mandated under employment
laws in the jurisdiction where the Optionee is employed or terms of the Optionee’s employment agreement, if any; the Committee
shall have the exclusive discretion to determine when the Optionee is no longer actively providing services for purposes of this
Option grant (including whether the Optionee may still be considered to be providing services while on a leave of absence);

 

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(l)       unless
otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Agreement do
not create any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor to be exchanged,
cashed out or substituted for, in connection with any corporate transaction affecting the shares of the Company; and

 

(m)       neither
the Company, the Service Recipients nor any Subsidiary or Affiliate shall be liable for any foreign exchange rate fluctuation
between the Optionee’s local currency and the United States Dollar that may affect the value of the Option or of any amounts
due to the Optionee pursuant to the exercise of the Option or the subsequent sale of any Shares acquired upon exercise.

 

Section
5.5.           No Advice Regarding Grant.

 

The
Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Optionee’s
participation in the Plan, or the Optionee’s acquisition or sale of the underlying Shares. The Optionee is hereby advised
to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before
taking any action related to the Plan.          

 

Section
5.6.           Data Privacy

 

The
Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the
Optionee’s personal data as described in this Agreement and any other Option materials by and among, as applicable, the
Service Recipients, the Company and its Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and
managing the Optionee’s participation in the Plan.

 

The
Optionee understands that the Company and the Service Recipients may hold certain personal information about the Optionee, including,
but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares or directorships held in the Company, details of all Options
or any other entitlement to shares awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s favor,
for the exclusive purpose of implementing, administering and managing the Plan (“Data”). 

 

The
Optionee understands that Data will be transferred to any third parties assisting the Company with the implementation, administration
and management of the Plan. The Optionee understands that the recipients of the Data may be located in the United States or elsewhere,
and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the
Optionee’s country. The Optionee understands that he or she may request a list with the names and addresses of any potential
recipients of the Data by contacting his or her local human resources representative. The Optionee authorizes the Company, its
Subsidiaries, Affiliates, the Service Recipients and any other possible recipients which may assist the Company (presently or
in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data,
in electronic or other form, for the sole purpose of implementing, administering and managing his or her participation in the
Plan. The Optionee understands that Data will be held only as long as is necessary to implement, administer and manage the Optionee’s
participation in the Plan. The Optionee understands that he or she may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein,
in any case without cost, by contacting in writing his or her local human resources representative. Further, the Optionee understands
that he or she is providing the consents herein on a purely voluntary basis. If the Optionee does not consent, or later seeks
to revoke his or her consent, the Optionee’s employment status or service and career with the Service Recipients will not
be adversely affected; the only adverse consequence of refusing or withdrawing the Optionee’s consent is that the Company
would not be able to grant Options or other equity awards to Optionee or administer or maintain such awards. Therefore, the Optionee
understands that refusing or withdrawing his or her consent may affect the Optionee’s ability to participate in the Plan.
For more information on the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee understands
that he or she may contact his or her local human resources representative.

 

    11

     

    

 

Section
5.7.           Titles; Pronouns

 

Titles
are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
The masculine pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates.

 

Section
5.8.           Applicability of Plan, Management Stockholder’s Agreement
and Sale Participation Agreement; Forfeiture upon Failure to Accept

 

The
Option and the Shares issued to the Optionee upon exercise of the Option shall be subject to all of the terms and provisions of
the Plan, the Management Stockholder’s Agreement and the Sale Participation Agreement, to the extent applicable to the Option
and such Shares. By accepting the Option (including through electronic means), the Optionee agrees to be bound by the terms, conditions,
and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating
to the Plan. Unless otherwise provided in the grant notice, the Optionee’s rights under the Option will lapse thirty (30)
days from the Grant Date, and the Option will be forfeited on such date if the Optionee shall not have accepted this Agreement
by such date.

 

Section
5.9.           Amendment

 

Subject
to Section 10 of the Plan, this Agreement may be amended only by a writing executed by the parties hereto, which specifically
states that it is amending this Agreement.

 

Section
5.10.         Governing Law

 

The
laws of the State of New York applicable to contracts executed and to be performed entirely in such state shall govern the interpretation,
validity, and performance of the terms of this Agreement.

 

    12

     

    

 

Section
5.11.         Dispute Resolution

 

In
the event of any controversy among the parties hereto arising out of, or relating to, this Agreement which cannot be settled amicably
by the parties, such controversy shall be finally, exclusively, and conclusively settled by mandatory arbitration conducted expeditiously
in accordance with the American Arbitration Association rules by a single independent arbitrator. Such arbitration process shall
take place in New York, New York, United States. The decision of the arbitrator shall be final and binding upon all parties hereto
and shall be rendered pursuant to a written decision, which contains a detailed recital of the arbitrator’s reasoning. Judgment
upon the award rendered may be entered in any court having jurisdiction thereof. In the event of any arbitration or other disputes
with regard to this Agreement or any other document or agreement referred to herein, each party hereto shall pay its own legal
fees and expenses, unless otherwise determined by the arbitrator.

 

Section
5.12.         Severability

 

The
provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable,
in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

 

Section
5.13.         Waiver

 

The
Optionee acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed
as a waiver of any other provision of this Agreement, or of any subsequent breach of this Agreement.

 

Section
5.14.         Language

 

If
the Optionee has received the Agreement or any other document related to the Plan translated into a language other than English
and if the meaning of the translated version is different than the English version, the English version will control.

 

Section
5.15.         Electronic Delivery and Acceptance

 

The
Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by
electronic means. The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the
Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

 

Section
5.16.         Appendix

 

Notwithstanding
any provisions in this Agreement, for Optionees who reside or transfer to a jurisdiction outside the United States or are or become
otherwise subject to the laws of a country other than the United States, the Option shall be subject to the additional terms and
conditions set forth in Appendix I for the Optionee’s country, if any. If the Optionee relocates to one of
the countries included in Appendix I after the Grant Date, the special terms and conditions for such country will
apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or
advisable for legal or administrative reasons. For the avoidance of doubt, Appendix I constitutes part of this Agreement.

 

    13

     

    

 

Section
5.17.         Imposition of Other Requirements

 

The
Company reserves the right to impose other requirements on the Optionee’s participation in the Plan, on the Options and
on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative
reasons, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the
foregoing.

 

[Signatures
on next pages.]

 

    14

     

    

 

IN
WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto. 

	 	 	 	 
	 	 	Renaissance
    Parent Corp.
	 	 	 
	 	 	By:	 
	 	 	 	 
	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature
Page of Stock Option Agreement]

 

    

     

    

 

	 	 	 
	 	 	OPTIONEE:
	 	 	 
	 	 	[Name]
	 	 	 
	 	 	ADDRESS:
	 	 	 
	 	 	 

 

[Signature
Page of Stock Option Agreement]

 

    

     

    

 

APPENDIX
I

 

COUNTRY-SPECIFIC
TERMS AND CONDITIONS

 

Terms and
Conditions

 

This Appendix I
includes special terms and conditions applicable to Optionees who reside in the countries below. These terms and conditions are
in addition to, or, if so indicated, in place of, the terms and conditions set forth in the Agreement.

 

If the Optionee
is a citizen or resident of a country other than the one in which Optionee is currently working, is considered a resident of another
country for local law purposes or transfers employment and/or residency between countries after the Grant Date, the Company shall,
in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to the Optionee.

 

Notifications

 

This Appendix I
also includes information regarding exchange controls and certain other issues of which the Optionee should be aware with respect
to the Optionee’s participation in the Plan. The information is based on the securities, exchange control and other laws
in effect in the respective countries as of May 2014. Such laws are often complex and change frequently. As a result, the Company
strongly recommends that the Optionee not rely on the information noted herein as the only source of information relating to the
consequences of the Optionee’s participation in the Plan because the information may be out of date at the time the Optionee
acquires Shares or sells Shares acquired under the Plan.

 

In addition, the
information is general in nature and may not apply to the Optionee’s particular situation, and the Company is not in a position
to assure the Optionee of any particular result. Accordingly, the Optionee is advised to seek appropriate professional advice
as to how the relevant laws in the Optionee’s country may apply to his or her situation.

 

Finally, if the
Optionee is a citizen or resident of a country other than the one in which Optionee is currently working, is considered a resident
of another country for local law purposes or transfers employment and/or residency between countries after the Grant Date, the
information contained herein may not be applicable in the same manner to the Optionee.

 

Australia

 

This
scheme is a scheme to which Subdivision 83A-C of the Income Tax Assessment Act 1997 applies (subject to the conditions in that
Act).

 

Austria

 

Notifications

 

Exchange
Control Information. If the Optionee holds Shares obtained through the Plan outside of Austria,
the Optionee must submit a report to the Austrian National Bank. An exemption applies if the value of the Shares as of any given
quarter does not meet or exceed €30,000,000 or as of December 31 does not meet or exceed €5,000,000. If the former threshold
is exceeded, quarterly obligations are imposed, whereas if the latter threshold is exceeded, annual reports must be given. The
annual reporting date is as of December 31 and the deadline for filing the annual report is January 31 of the following year.

 

    I-1

     

    

 

When Shares are
sold, there may be exchange control obligations if the cash received is held outside Austria. If the transaction volume of all
the Optionee’s accounts abroad meets or exceeds €3,000,000, the movements and balances of all accounts must be reported
monthly, as of the last day of the month, on or before the fifteenth day of the following month.

 

Bahrain

 

No
country-specific terms apply.

 

Belgium

 

Terms
and Conditions

 

Tax
Considerations. The Optionee will receive a separate offer letter, acceptance/rejection form and undertaking in addition to
the Agreement. The Optionee should refer to the offer letter for a more detailed description of the tax consequences of choosing
to accept the Option.

 

Notifications

 

Foreign Asset/Account
Reporting Information. The Optionee is required to report any security (e.g., Shares acquired under the Plan) or bank
accounts (including brokerage accounts) opened and maintained outside Belgium on his or her annual tax return.

 

Brazil

 

Terms
and Conditions

 

Compliance with
the Law. In accepting the grant of the Options, the Optionee acknowledges his or her agreement to comply with applicable Brazilian
laws and to pay any and all applicable tax associated with the Options and the sale of the Shares acquired under the Plan.

 

Notifications

 

Exchange
Control Information. If the Optionee is a resident or domiciled in Brazil, he or she will be
required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate
value of such assets and rights is equal to or greater than U.S.$100,000. Assets and rights that must be reported include Shares.

 

Canada

 

Terms and
Conditions

 

Effect of Termination
of Service. The following provision replaces Section 5.4(k) of the Agreement in its entirety:

 

(k)       for
purposes of the Option, the Optionee’s employment or service relationship will be considered terminated as of the earlier
of (a) the date that the Optionee is no longer actively providing services, or (b) the date upon which the Optionee receives a
notice of termination (regardless of the reason for such termination and whether or not later found to be invalid or in breach
of employment laws in the jurisdiction where the Optionee is employed or the terms of the Optionee’s employment agreement,
if any), and unless otherwise expressly provided in this Agreement or determined by the Company, (i) the Optionee’s right
to vest in the Option under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g.,
the Optionee’s period of service would not include any contractual notice period or any period of “garden leave”
or similar period mandated under employment laws in the jurisdiction where the Optionee is employed or the terms of the Optionee’s
employment agreement, if any); and (ii) the period (if any) during which the Optionee may exercise the Option after such termination
of the Optionee’s employment or service relationship will commence as of such date and will not be extended by any notice
period mandated under employment laws in the jurisdiction where the Optionee is employed or terms of the Optionee’s employment
agreement, if any; the Committee shall have the exclusive discretion to determine when the Optionee is no longer actively providing
services for purposes of this Option grant (including whether the Optionee may still be considered to be providing services while
on a leave of absence);

 

    I-2

     

    

 

The following provisions
will apply if the Optionee is a resident of Québec:

 

English Language
Provision. The parties acknowledge that it is their express wish that the present Agreement, as well as all documents, notices
and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up
in English.

 

Les parties reconnaissent
avoir exigé la rédaction en anglais de la présente convention, ainsi que de tous documents, avis et procédures
judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement
à, la présente convention.

 

Data Privacy.
This provision supplements Section 5.6 of the Agreement:

 

The Optionee hereby
authorizes the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel,
professional or not, involved in the administration and operation of the Plan. The Optionee further authorizes the Company, any
related company and the administrator of the Plan to disclose and discuss the Plan with their advisors. The Optionee further authorizes
the Company and any related company to record such information and to keep such information in the Optionee’s employee file.

 

Notifications

 

Foreign Asset/Account
Reporting Information. The Optionee is required to report any foreign property (including Options and Shares) on form T1135
(Foreign Income Verification Statement) if the total value of the foreign property exceeds C$100,000 at any time in the year.
The form must be filed by April 30 of the following year. The Optionee is advised to consult with his or her personal legal advisor
to ensure compliance with applicable reporting obligations.

 

Czech
Republic

 

Notifications

 

Exchange Control
Information. The Czech National Bank (“CNB”) may require the Optionee to fulfill certain notification duties
in relation to the Shares acquired under the Plan and the opening and maintenance of a foreign account. However, because exchange
control regulations change frequently and without notice, the Optionee should consult his or her personal legal advisor prior
to exercising the Options to ensure compliance with current regulations. It is the Optionee’s responsibility to comply with
applicable Czech exchange control laws.

 

    I-3

     

    

 

Finland

 

No
country-specific terms apply.

 

France

 

Terms and
Conditions

 

Consent to Receive
Information in English. By accepting the Options, the Optionee confirms having read and understood the Plan and the Agreement,
including all terms and conditions included therein, which were provided in the English language. The Optionee accepts the terms
of those documents accordingly.

 

En acceptant
cette Options, le Titulaire des Options confirme avoir lu et compris le Plan et le Contrat y relatifs, incluant tous leurs termes
et conditions, qui ont été transmis en langue anglaise. Le Titulaire des Options accepte les dispositions de ces
documents en connaissance de cause.

 

Notifications

 

Tax Notification.
The Options are not intended to qualify for favorable tax or social security treatment in France.

 

Foreign Asset/Account
Reporting Information. If the Optionee holds Shares outside of France or maintains a foreign bank account, then the Optionee
is required to report such to the French tax authorities when filing his or her annual tax return.

 

Germany

 

Notifications

 

Exchange Control
Information. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If the Optionee
uses a German bank to transfer a cross-border payment in excess of €12,500 in connection with the sale of Shares acquired
under the Plan or the receipt of dividends paid on such shares, the Optionee must complete the appropriate report. In addition,
the Optionee must report on an annual basis, Shares that exceed 10% of the total shares or voting capital of the Company.

 

Hong
Kong

 

Terms
and Conditions

 

Sale
of Shares. In the event the Option vests and is exercised within six months of the Grant Date, the Optionee agrees that the
Optionee will not dispose of any Shares acquired prior to the six-month anniversary of the Grant Date.

 

Notifications

 

SECURITIES
LAW WARNING: The Option and Shares issued at exercise do not constitute a public offering of securities under Hong Kong
law and are available only to employees of the Company or its Subsidiaries and Affiliates. The Agreement, the Plan and other incidental
Option documentation have not been prepared in accordance with and are not intended to constitute a “prospectus” for
a public offering of securities under the applicable securities legislation in Hong Kong, nor has the Option documentation been
reviewed by any regulatory authority in Hong Kong. The Option is intended only for the personal use of each eligible employee
and may not be distributed to any other person. If the Optionee is in any doubt about any of the contents of the Agreement or
the Plan, the Optionee should obtain independent professional advice.

 

    I-4

     

    

 

India

 

Notifications

 

Exchange Control
Information. The Optionee understands that he or she must repatriate to India any proceeds from the sale of Shares acquired
under the Plan within 90 days of receipt. The Optionee must obtain a foreign inward remittance certificate (“FIRC”)
from the bank where the foreign currency is deposited and maintain the FIRC as evidence of the repatriation of funds in the event
the Reserve Bank of India or the Service Recipients requests proof of repatriation.

 

Foreign Asset/Account
Reporting Information. The Optionee is required to declare foreign bank accounts and any foreign financial assets (including
Shares acquired under the Plan and, possibly, Options) in the Optionee’s annual tax return.

 

Indonesia

 

Notifications

 

Exchange
Control Information. If the Optionee remits funds into or out of Indonesia (e.g., the Exercise Price, proceeds from
the sale of Shares), the Indonesian Bank through which the transaction is made will submit a report on the transaction to the
Bank of Indonesia for statistical reporting purposes. For transactions of U.S.$10,000 or more, a description of the transaction
must be included in the report. Although the bank through which the transaction is made is required to make the report, the Optionee
must complete a “Transfer Report Form.” The Transfer Report Form will be provided to the Optionee by the bank through
which the transaction is made.

 

Italy

 

Terms
and Conditions

 

Data
Privacy. The following provision replaces Section 5.6 of the Agreement in its entirety.

 

The
Optionee understands that the Company and the Service Recipients may hold certain personal information about the Optionee, including
the Optionee’s name, home address and telephone number, date of birth, social insurance number or other identification number,
salary, nationality, job title, any shares or directorships held in the Company, details of all Options or any other entitlement
to shares awarded, canceled, exercised, vested, unvested or outstanding in Optionee’s favor, for the exclusive purpose of
managing and administering the Plan (“Data”).

 

The
Optionee also understands that providing the Company with the Optionee’s Data is necessary for the performance of the Agreement
and that the Optionee’s refusal to provide such Data would make it impossible for the Company to perform its contractual
obligations and may affect the Optionee’s ability to participate in the Plan. The Controller of personal data processing
is Gardner Denver Inc. with registered offices at 222 East Erie Street, Suite 500, Milwaukee, WI 53202, United States of America,
and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Gardner Denver S.r.l. with registered offices
at Via Tevere, 6, Lonate Pozzolo, 21015 Varese, Italy. The Optionee understands that the Optionee’s Data will not be publicized,
but it may be transferred to banks, other financial institutions or brokers and/or their agents involved in the management and
administration of the Plan. The Optionee further understands that the Company and/or any subsidiary will transfer Data amongst
themselves as necessary for the purpose of implementation, administration and management of Optionee’s participation in
the Plan, and that the Company and/or any subsidiary may each further transfer Data to third parties assisting the Company in
the implementation, administration and management of the Plan, including any requisite transfer to a broker or another third party
with whom the Optionee may elect to deposit any shares acquired pursuant to this Agreement. Such recipients may receive, possess,
use, retain and transfer the Data in electronic or other form, for the purposes of implementing, administering and managing Optionee’s
participation in the Plan. The Optionee understands that these recipients may be located in the European Economic Area, or elsewhere,
such as the United States or Asia. Should the Company exercise its discretion in suspending all necessary legal obligations connected
with the management and administration of the Plan, it will delete the Optionee’s Data as soon as it has accomplished all
the necessary legal obligations connected with the management and administration of the Plan.

 

    I-5

     

    

 

The
Optionee understands that Data processing related to the purposes specified above shall take place under automated or non-automated
conditions, anonymously when possible, that comply with the purposes for which Data is collected and with confidentiality and
security provisions as set forth by applicable Italian data privacy laws and regulations, with specific reference to Legislative
Decree no. 196/2003.

 

The
processing activity, including communication, the transfer of Optionee’s Data abroad, including outside of the European
Economic Area, as herein specified and pursuant to applicable Italian data privacy laws and regulations, does not require the
Optionee’s consent thereto as the processing is necessary to performance of contractual obligations related to implementation,
administration and management of the Plan. The Optionee understands that, pursuant to Section 7 of the Legislative Decree no.
196/2003, the Optionee has the right to, including but not limited to, access, delete, update, ask for rectification of the Optionee’s
Data and stop, for legitimate reason, the Data processing. Furthermore, the Optionee is aware that Optionee’s Data will
not be used for direct marketing purposes. In addition, the Data provided can be reviewed and questions or complaints can be addressed
by contacting Optionee’s human resources department.

 

Plan
Document Acknowledgement. In accepting the Option, the Optionee acknowledges that he or she has received a copy of the Plan
and the Agreement and has reviewed the Plan and the Agreement, including the Appendix I, in their entirety and fully understands
and accepts all provisions of the Plan and the Agreement, including the Appendix I.

 

The
Optionee further acknowledges that he or she has read and specifically and expressly approves the following sections of the Agreement:
Expiration of Option; Responsibility for Taxes; Governing Law; Dispute Resolution; Nature of Grant; Language; and the Data Privacy
section included in this Appendix I.

 

Notifications

 

Foreign Asset/Account
Reporting Information. If the Optionee is an Italian resident and holds investments or financial assets outside of Italy (e.g.,
cash, Options, Shares) during any fiscal year which may generate income taxable in Italy (or if the Optionee is the beneficial
owner of such an investment or asset even if the Optionee does not directly hold the investment or asset), the Optionee is required
to report such investments or assets on his or her annual tax return for such fiscal year (on UNICO Form, RW Schedule, or on a
special form if the Optionee is not required to file a tax return).

 

    I-6

     

    

 

Japan

 

Notifications

 

Exchange Control
Information. If the Optionee remits more than ¥30 million for the purchase of Shares in a single transaction, the Optionee
must file a Payment Report with the Ministry of Finance (through the Bank of Japan or the bank carrying out the transaction).
The precise reporting requirements vary depending on whether the relevant payment is made through a bank in Japan. If the Optionee
intends to acquire Shares whose value exceeds ¥100 million in a single transaction, the Optionee must also file a Report Concerning
Acquisition of Shares (“Securities Acquisition Report”) with the Ministry of Finance through the Bank of Japan
within 20 days of acquiring the Shares. The forms to make these reports can be acquired from the Bank of Japan.

 

A Payment Report
is required independently from a Securities Acquisition Report. Therefore, if the total amount that the Optionee pays upon a one-time
transaction for exercising the Option and acquiring Shares exceeds ¥100 million, the Optionee must file both a Payment Report
and a Securities Acquisition Report.

 

Foreign Asset/Account
Reporting Information. The Optionee is required to report details of any assets held outside of Japan as of December 31st
(including Shares acquired under the Plan), to the extent such assets have a total net fair market value exceeding ¥50
million. Such report will be due by March 15th each year. The Optionee should consult with his or her personal tax advisor as
to whether the reporting obligation applies to the Optionee and whether the Optionee will be required to report details of his
or her outstanding Options, as well as Shares, in the report.

 

Netherlands

 

No
country-specific terms apply.

 

Poland

 

Notifications

 

Exchange
Control Information. Polish residents are obliged to file quarterly reports to the National
Bank of Poland with information on transactions and balances regarding their rights to Shares (such as Options) and Shares if
the total value (calculated individually or together with other assets/liabilities possessed abroad) exceeds PLN 7 million.

 

Polish
residents also are required to transfer funds through a bank account in Poland if the transferred amount in any single transaction
exceeds a specified threshold (currently €15,000). Polish residents are required to store documents connected with foreign
exchange transactions for a period of five years from the date the exchange transaction was made.

 

Republic
of Korea

 

Notifications

 

Exchange Control
Information. If the Optionee remits funds out of South Korea to purchase Shares under the Plan, the remittance must be “confirmed”
by a foreign exchange bank in South Korea. This is an automatic procedure, i.e., the bank does not need to “approve”
the remittance, and it should take no more than a single day to process. The Optionee likely will need to present to the bank
processing the transaction the following supporting documents evidencing the nature of the remittance: (i) the Agreement; (ii)
the Plan; and (iii) the Optionee’s certificate of employment. This confirmation is not necessary for cashless exercises
since there is no remittance out of South Korea.

 

    I-7

     

    

 

In addition, if
the Optionee realizes U.S.$500,000 or more from the sale of Shares in a single transaction, Korean exchange laws require the Optionee
to repatriate the proceeds to Korea within eighteen months of the sale.

 

Foreign Asset/Account
Reporting Information. If the Optionee is a Korean resident, the Optionee must declare all of his or her foreign financial
accounts (e.g., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authority and file a report with respect
to such accounts if the value of such accounts exceeds KRW 1 billion (or an equivalent amount in foreign currency). The Optionee
should consult with his or her personal tax advisor to determine the Optionee’s personal reporting obligations.

 

Singapore

 

Notifications

 

Securities Law
Notice. The Option is being granted pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the
Singapore Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Plan has not been lodged or registered
as a prospectus with the Monetary Authority of Singapore. The Optionee should note that the Option is subject to section 257 of
the SFA and the Optionee will not be able to make any subsequent sale in Singapore of the Shares acquired through the exercise
of the Options or any offer of such sale in Singapore unless such sale or offer is made pursuant to the exemptions under Part
XIII Division (1) Subdivision (4) (other than section 280) of the SFA.

 

Director Notification
Obligation. If the Optionee is a director, associate director or shadow director of a Singapore Subsidiary or Affiliate, the
Optionee is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation
to notify the Singaporean Subsidiary or Affiliate in writing when the Optionee receives an interest (e.g., Shares) in the
Company or any related companies. In addition, the Optionee must notify the Singapore Subsidiary or Affiliate when the Optionee
sells Shares of the Company or any related company (including when the Optionee sells Shares acquired through the exercise of
his or her Options). These notifications must be made within two Business Days of acquiring or disposing of any interest in the
Company or any related company. In addition, a notification must be made of the Optionee’s interests in the Company or any
related company within two Business Days of becoming a director.

 

South
Africa

 

Terms and
Conditions

 

Responsibility
for Taxes. The following provision supplements Section 4.5 of the Agreement:

 

By accepting the
Option, the Optionee agrees that, immediately upon exercise of the Option, he or she will notify the Service Recipients of the
amount of any gain realized. If the Optionee fails to advise the Service Recipients of the gain realized upon exercise, he or
she may be liable for a fine. The Optionee will be solely responsible for paying any difference between the actual tax liability
and the amount withheld by the Service Recipients.

 

    I-8

     

    

 

Notifications

 

Tax Clearance
Certificate for Cash Exercises. If the Optionee exercises the Option using a cash exercise method, the Optionee must obtain
and provide to the Service Recipients, or any third party designated by the Service Recipients or the Company, a Tax Clearance
Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department
of the South African Revenue Service (“SARS”). The Optionee must renew this Tax Clearance Certificate every
twelve months, or such other period as may be required by the SARS. If the Optionee exercises by a cashless exercise method whereby
no funds are remitted out of South Africa, no Tax Clearance Certificate is required.

 

Exchange Control
Information. The Optionee should consult his or her personal advisor to ensure compliance with applicable exchange control
regulations in South Africa; as such regulations are subject to frequent change. The Optionee is responsible for ensuring compliance
with all exchange control laws in South Africa.

 

Spain

 

Terms
and Conditions

 

Labor
Law Acknowledgment. This provision supplements Section 5.4 of the Agreement:

 

In
accepting the Option, the Optionee acknowledges that he or she consents to participation in the Plan and has received a copy of
the Plan.

 

The
Optionee understands and agrees that, as a condition of the grant of the Option, the Optionee’s termination of employment
or service for any reason (including for the reasons listed below) will automatically result in the forfeiture and loss of that
portion of the Option that may have been granted to the Optionee and that was not vested on the date of termination of the Optionee’s
employment or service.

 

In
particular, unless otherwise provided in the Agreement, the Optionee understands and agrees that the unvested portion of the Option
will be cancelled without entitlement to the underlying Shares or to any amount as indemnification if the Optionee terminates
employment or service by reason of, including, but not limited to: resignation, death, disability, retirement, disciplinary dismissal
adjudged to be with Cause, disciplinary dismissal adjudged or recognized to be without Cause, individual or collective layoff
on objective grounds, whether adjudged to be with Cause or adjudged or recognized to be without Cause, material modification of
the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute,
Article 50 of the Workers’ Statute, unilateral withdrawal by the Service Recipients, and under Article 10.3 of Royal Decree
1382/1985.

 

Furthermore,
the Optionee understands that the Company has unilaterally, gratuitously and in its sole discretion decided to grant Options under
the Plan to individuals who may be employees of the Company or its Subsidiaries and Affiliates throughout the world. The decision
is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise
bind the Company or a Subsidiary or Affiliate on an ongoing basis. Consequently, the Optionee understands that the Option is granted
on the assumption and condition that the Option and the Shares issued upon exercise of the Option shall not become a part of any
employment contract (either with the Company or a Service Recipient) and shall not be considered a mandatory benefit, salary for
any purposes (including severance compensation) or any other right whatsoever. In addition, the Optionee understands that the
grant of the Option would not be made to the Optionee but for the assumptions and conditions referred to above; thus, the Optionee
acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met
for any reason, then any grant of Options shall be null and void.

 

    I-9

     

    

 

Notifications

 

Exchange Control
Information. To participate in the Plan, the Optionee agrees to comply with exchange control regulations in Spain. The acquisition
of Shares under the Plan must be declared for statistical purposes to the Dirección General de Comercio e Inversiones
(the “DGCI”). Because the Optionee will not acquire the Shares through the use of a Spanish financial institution,
the Optionee agrees to make the declaration by filing a D-6 form with the DGCI. Generally, the D-6 form must be filed each January
while the Shares are owned. In addition, the sale of Shares must also be declared on D-6 form filed with the DGCI in January,
unless the sale proceeds exceed the applicable threshold (currently €1,502,530), in which case, the filing is due within
one month after the sale.

 

When receiving foreign
currency payments derived from the ownership of Shares (e.g., sale proceeds) exceeding €50,000, the Optionee agrees to inform
the financial institution receiving the payment of the basis upon which such payment is made. The Optionee will need to provide
the institution with the following information: (i) the Optionee’s name, address, and fiscal identification number; (ii)
the name and corporate domicile of the Company; (iii) the amount of the payment; the currency used; (iv) the country of origin;
(v) the reasons for the payment; and (vi) further information that may be required.

 

Further, the Optionee
is required to electronically declare to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any
foreign instruments (including Shares acquired under the Plan), and any transactions with non-Spanish residents (including any
payments of Shares made to the Optionee pursuant to the Plan) if the balances in such accounts together with the value of such
instruments as of December 31, or the volume of transactions with non-Spanish residents during the prior or current year, exceed
€1,000,000. Once the €1,000,000 threshold has been surpassed in either respect, the Optionee will generally be required
to report all foreign accounts, foreign instruments and transactions with non-Spanish residents, even if the relevant threshold
has not been crossed for an individual item. Generally, the Optionee will only be required to report on an annual basis (by January
20 of each year); however, if the balances in the Optionee’s foreign accounts together with value of his or her foreign
instruments or the volume of transactions with non-Spanish residents exceed €100,000,000, more frequent reporting will be
required.

 

Foreign Asset/Account
Reporting Information. To the extent that the Optionee holds rights or assets (e.g., cash or Shares held in a bank or brokerage
account) outside of Spain with a value in excess of €50,000 per type of right or asset as of December 31 each year, the Optionee
is required to report information on such rights and assets on his or her tax return for such year (or at any time during the
year in which the Optionee sells or disposes of such right or asset). After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by
more than €20,000. The Optionee should consult with his or her personal tax and legal advisors to ensure compliance with
applicable reporting obligations.

 

Sweden

 

No
country-specific terms apply.

 

    I-10

     

    

 

Switzerland

 

Notifications

 

Securities
Law Notice. The grant of the Option and participation in the Plan is considered a private offering in Switzerland; therefore,
the offer is not subject to registration in Switzerland.

 

Thailand

 

Notifications

 

Exchange
Control Information. If the Optionee remits funds out of Thailand to purchase Shares, it is the Optionee’s responsibility
to comply with any applicable exchange control laws. Under current exchange control regulations, the Optionee may remit funds
out of Thailand up to U.S.$1,000,000 per year to purchase Shares (and otherwise invest in securities abroad) by submitting an
application to an authorized agent, (i.e., a commercial bank authorized by the Bank of Thailand to engage in the purchase,
exchange and withdrawal of foreign currency). The application includes the Foreign Exchange Transaction Form, a letter describing
the Option, and a copy of the Plan and related documents. If Optionee uses a cashless method of exercise that does not involve
remitting any funds out of Thailand, this requirement does not apply.

 

When
the Optionee sells Shares issued to Optionee at exercise of the Option, if the amount of Optionee’s proceeds is U.S.$50,000
or more, the Optionee must (i) specifically report the inward remittance to the Bank of Thailand on a foreign exchange transaction
form, and (ii) immediately repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days
of repatriation. If the Optionee fails to comply with these obligations, the Optionee may be subject to penalties assessed by
the Bank of Thailand. The Optionee should consult his or her personal advisor before taking action with respect to remittance
of proceeds from the sale of Shares into Thailand. The Optionee is responsible for ensuring compliance with all exchange control
laws in Thailand.

 

United
Arab Emirates

 

Notifications

 

Securities
Law Notice. This Agreement, the Plan, and other incidental communication materials are intended
for distribution only to employees of the Company and its Subsidiaries or Affiliates for the purposes of an employee compensation
or reward scheme.

 

The
Dubai International Financial Centre, Emirates Securities and Commodities Authority and or the Central Bank has no responsibility
for reviewing or verifying any documents in connection with this statement. Neither the Ministry of Economy nor the Dubai Department
of Economic Development have approved this statement nor taken steps to verify the information set out in it, and have no responsibility
for it.

 

The
securities to which this statement relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers
of the securities offered should conduct their own due diligence on the securities.

 

If
the Optionee does not understand the contents of the Agreement or the Plan, he or she should consult an authorized financial adviser.

 

    I-11

     

    

 

United
Kingdom

 

Terms and
Conditions

 

Responsibility
for Taxes. The following provision supplement Section 4.5 of the Agreement and applies if the Shares are considered readily
convertible assets under U.K. law at the time of exercise:

 

The Optionee agrees
that if the Service Recipients or the Company does not withhold or otherwise collect the full amount of income tax that the Optionee
owes due to the vesting or exercise of the Options or the release, assignment or cancellation of the Options from the Optionee
within 90 days of the end of the U.K. tax year during which the event giving rise to the income tax liability occurs or such other
period as required by U.K. law (the “Due Date”), then the amount that should have been withheld or collected
shall constitute a loan owed by the Optionee to the Service Recipients, effective on the Due Date. The Optionee agrees that the
loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue & Customs (the “HMRC”)
and it will be immediately due and repayable by the Optionee and the Company and/or the Service Recipients may recover it at any
time thereafter by any of the means referred to in Section 4.5 of the Agreement.

 

Notwithstanding
the foregoing, if the Optionee is an officer or executive director (as within the meaning of Section 13(k) of the Exchange Act),
the terms of the provision above will not apply. In the event that the Optionee is an officer or executive director and income
tax is not collected from or paid by the Optionee by the Due Date, the amount of any uncollected income tax may constitute a benefit
to the Optionee on which additional income tax and National Insurance Contributions (“NICs”) may be payable.
The Optionee understands that he or she will be responsible for reporting any income tax and NICs due on this additional benefit
directly to HMRC under the self-assessment regime and for reimbursing the Company and/or the Service Recipients (as appropriate)
the value of any employee NICs due on this additional benefit, which the Company and/or the Service Recipients may recover at
any time thereafter by any of the means referred to in Section 4.5 of the Agreement.

 

Section
431 Election. It shall be a term of the Options that the Optionee shall jointly with the Service
Recipients enter into the joint election within Section 431 of the U.K. Income Tax (Earnings and Pensions) Act 2003 (“ITEPA
2003”) prior to delivery of the Shares in respect of computing any tax charge on the acquisition of “Restricted
Securities” (as defined in Sections 423 and 424 of ITEPA 2003), and that the Optionee will not revoke any such election
at any time. This election will be to treat the Shares the Optionee acquires upon exercise as if they were not Restricted Securities
(for U.K. tax purposes only). If the Optionee does not enter into the 431 Election in accordance with these instructions, the
Company may, in its sole discretion, refuse to deliver Shares upon exercise of the Options.

 

    I-12

     

    

 

Schedule
A to the Stock Option Agreement 

Annual
and Cumulative Performance Targets

 

The
Annual and Cumulative Performance Targets are based on the Company’s achievement of the following EBITDA targets for the
following Fiscal Years:

 

	Performance
    Targets	2016	2017	2018	2019	2020
	EBITDA	$400,000,000	$	$	$	$
	Cumulative
    Target	 	$	$	$	$

 

“EBITDA”
shall mean earnings before interest, taxes, depreciation and amortization plus transaction, management and/or similar fees paid
to the Sponsor and/or its Affiliates. The Board may, following consultation with the Chief Executive Officer of the Company (the
“CEO”), in its discretion, adjust the calculation of EBITDA to reflect, to the extent not contemplated in the management
plan, any extraordinary or one-time events, including, without limitation, acquisitions, divestitures, major capital investment
programs, changes in accounting standards, stock expense related to the issuance of Options, or other extraordinary or unusual
events or occurrences, or any costs or expenses incurred during such period relating to environmental remediation, litigation
or other disputes in respect of events and exposures that occurred prior to the Closing Date. Without limiting the foregoing,
if the Company makes an acquisition in any year, the Annual Performance Target for such year and the Cumulative Performance Target,
if any, for such year and subsequent years will be adjusted fairly and appropriately, in consultation with the CEO, which adjustment
may reflect the amount of EBITDA in the plan for the target presented to the Board at the time the acquisition is approved by
the Board. Annual Performance Targets and Cumulative Performance Targets may also be fairly and appropriately adjusted by the
Board, in consultation with the CEO, for any divestitures, major capital investment programs and any change in GAAP promulgated
by accounting standard setters. In the event that any of the foregoing action is taken, such adjustment shall reflect the amount
deemed reasonably necessary by the Board, in the exercise of its good faith judgment to accurately reflect the effect such event
has on such Annual Performance Targets and Cumulative Performance Targets. The intent of such adjustments is to keep the probability
of achieving the Annual Performance Targets and Cumulative Performance Targets the same as if the event triggering such adjustment
had not occurred. The Board will use reasonable efforts to provide that the determination of any necessary adjustment shall be
made within 60 days following the completion or closing of such event.

 

    A-1

     

    

 

Schedule
B to the Stock Option Agreement

	 	 
	Grant
    Date:             May 10, 2016	 
	 	 
	Exercise
    Price of Options:	$6.50
	 	 
	Option
    Grants:	 
	 	 
	Total Option Grant:	Shares
	 	 
	Aggregate number of Shares 	 
	for which the Time Option granted
    hereunder is 	 
	exercisable:	50% of total Option Grant
	 	 
	Aggregate number of Shares	 
	for which the Performance Option	 
	granted hereunder is exercisable:	50% of total Option Grant

 

    B-1

     

    

 

Schedule
C to the Stock Option Agreement: Notice of Exercise

 

		A.	To
                                         the Company

 

Renaissance
Parent Corp.  

c/o
Gardner Denver, Inc. 

222
East Erie Street, Suite 500 

Milwaukee,
WI 53202 

Attention:
General Counsel

 

    C-1Exhibit 10.21

 

STOCK OPTION AGREEMENT

 

THIS AGREEMENT, dated as of the date indicated on Schedule
B hereto (the “Grant Date”), is made by and between Renaissance Parent Corp., a corporation existing
under the laws of Delaware (hereinafter referred to as the “Company”) and the individual whose name is set forth
on the signature page hereof, who is an employee of the Company or a Subsidiary or Affiliate of the Company (hereinafter referred
to as the “Optionee”). Any capitalized terms herein not otherwise defined in Article I shall have the meaning
set forth in the 2013 Stock Incentive Plan for Key Employees of Renaissance Parent Corp. and its Subsidiaries, as such Plan may
be amended from time to time (the “Plan”).

 

WHEREAS, the Company wishes to carry out the Plan, the terms
of which are hereby incorporated by reference and made a part of this Agreement; and

 

WHEREAS, the Committee has determined that it would be to
the advantage and best interest of the Company and its shareholders to grant the Option provided for herein to the Optionee as
an incentive for increased efforts during his term of office with the Company or its Subsidiaries or Affiliates, and has advised
the Company thereof and instructed the undersigned officers to issue said Option;

 

NOW, THEREFORE, in consideration of the mutual covenants
herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby
agree as follows:

 

ARTICLE
I

DEFINITIONS

 

Whenever the following terms are used in this Agreement,
they shall have the meaning specified below unless the context clearly indicates to the contrary.

 

Section 1.1.            Cause

 

“Cause” shall mean, with respect to an
Optionee: (i) a material breach by the Optionee of the terms of the Company’s policies, the terms of which have previously
been provided to such Optionee; (ii) any act of theft, misappropriation, embezzlement, fraud or similar conduct by the Optionee
involving the Company or any of its Affiliates; (iii) the Optionee’s failure to act in accordance with any specific lawful
instructions given to the Optionee by the Board (or any committee thereof) in connection with the performance of the Optionee’s
duties for the Company or any subsidiary of the Company, which continues beyond ten (10) Business Days after a written demand for
substantial performance is delivered to the Optionee by the Company (the “Cure Period”); (iv) any damage of
a material nature to the business or property of the Company or any Affiliate caused by Optionee’s willful or grossly negligent
conduct which continues beyond the Cure Period (to the extent that, in the Board’s reasonable judgment, such breach can be
cured); (v) any intentional misconduct by the Optionee which is reasonably likely to be materially damaging to the Company without
a reasonable good faith belief by the Optionee that such conduct was in the best interests of the Company; (vi) the conviction
or the plea of nolo contendere or the equivalent in respect of any felony or a misdemeanor involving an act of dishonesty, moral
turpitude, deceit, or fraud by the Optionee; or (vii) a knowing and material breach of the Management Stockholder’s Agreement
or the Optionee’s other written agreements with the Company which continues beyond the Cure Period (to the extent that, in
the Board’s reasonable judgment, such breach can be cured). A termination for Cause shall be effective when the Company has
given the Optionee written notice of its intention to terminate for Cause, describing those acts or omissions that are believed
to constitute Cause, and has given the Optionee the Cure Period within which to respond.

  

    	 	 	 

     

    

 

Section 1.2.            Disability

 

“Disability” shall mean “Disability”
as such term is defined in any Other Relevant Agreement between the Optionee and the Company or any subsidiary thereof, or, if
there is no such agreement or no such term defined therein, “Disability” for purposes of eligibility for benefits under
the long-term disability plan of the Company or any subsidiary thereof, as applicable.

 

Section 1.3.            EBITDA

 

“EBITDA” shall have the meaning as set forth
on Schedule A attached hereto.

 

Section 1.4.            Fiscal Year

 

“Fiscal Year” shall mean each of the fiscal
years of the Company set forth on Schedule A attached hereto.

 

Section 1.5.            Good Reason

 

“Good Reason” shall mean: (i) a material adverse
change in the Optionee’s position causing it to be of materially less stature, responsibility, or authority or the assignment
to the Optionee of any material duties inconsistent with the customary duties of the Optionee's position, in each case without
the Optionee’s written consent (provided that if, after an Initial Public Offering, the Company or its successor entity ceases
to be a publicly traded entity, such fact shall not constitute a change in the Optionee’s existing position), (ii) the relocation
of the offices at which the Optionee is principally employed to a location which is more than 50 miles from the offices at which
the Optionee is principally employed immediately prior to such relocation, or (iii) a reduction, without the Optionee’s written
consent, in the Optionee’s base salary or the target bonus amount the Optionee is eligible to earn under the Company’s
current annual incentive plan or any successor or replacement annual incentive plan that the Company adopts (such current plan
or any such successor or replacement plan, the “Annual Incentive Plan”); provided, however, that nothing herein
shall be construed to guarantee the Optionee’s bonus for any year if the applicable performance targets are not met; and
provided further, that it shall not constitute Good Reason hereunder if the Company makes an appropriate pro rata adjustment to
the applicable bonus and targets under the Annual Incentive Plan in the event of a change in the Company’s fiscal year.

 

Unless the Optionee provides written notification of an event described in
clauses (i) or (ii) above within ninety (90) days after the Optionee knows or has reason to know of the occurrence of any such
event, the Optionee shall be deemed to have consented thereto and such event shall no longer constitute Good Reason for purposes
of this Agreement. If the Optionee provides such written notification to the Company (or such subsidiary of the Company as may
be specified in the Stock Option Agreement), the Company shall have ten (10) Business Days from the date of receipt of such notice
to effect a cure of the event described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Optionee,
such event shall no longer constitute Good Reason for purposes of this Agreement. Notwithstanding the foregoing, any event described
in clauses (i) or (ii) above must be an event that would result in a material negative change in the Optionee’s employment
relationship with the Company and thus effectively constitute an involuntary termination of employment for purposes of Section
409A of the Code.

  

    	 	 2	 

     

    

 

Section 1.6.            Management Stockholder’s
Agreement

 

“Management Stockholder’s Agreement” shall
mean that certain Management Stockholder’s Agreement between the Optionee and the Company.

 

Section 1.7.            Option

 

“Option” shall mean the aggregate of the Time
Option and the Performance Option, as granted under Section 2.1 of this Agreement.

 

Section 1.8.            Performance Option

 

“Performance Option” shall mean the right and
option to purchase, on the terms and conditions set forth herein, all or any part of an aggregate of the number of Shares set forth
on Schedule B hereof opposite the term Performance Option.

 

Section 1.9.            Sale Participation Agreement

 

“Sale Participation Agreement” shall mean that
certain Sale Participation Agreement between the Optionee and KKR Renaissance Aggregator L.P.

 

Section 1.10.            Sponsor IRR

 

“Sponsor
IRR” shall mean, as of a Change in Control, the cumulative internal rate of return of the Sponsor (which in no circumstances
includes any fees paid to the Sponsor or expenses reimbursed to the Sponsor from time to time (“Sponsor Fees”))
on the Sponsor’s aggregate amount of cash invested in (and the initial gross asset value of any property (other than money)
contributed to) the Company by the Sponsor, directly or indirectly, from time to time in respect of such investment, determined
on a fully diluted basis, assuming inclusion of all Shares underlying all then outstanding Time Options and Performance Options.

 

Section 1.11.            Sponsor MOIC

 

“Sponsor MOIC” shall mean, as of a Change in
Control, the result obtained by dividing (i) the cash consideration received by the Sponsor (other than any Sponsor Fees) as of
the Change in Control by (ii) the aggregate amount of cash invested in (and the initial gross asset value of any property (other
than money) contributed to) the Company by the Sponsor, directly or indirectly, from time to time in respect of such investment.

 

Section 1.12.            Time Option

 

“Time Option” shall mean the right and option
to purchase, on the terms and conditions set forth herein, all or any part of an aggregate of the number of Shares set forth on
Schedule B hereof opposite the term Time Option.

 

    	 	 3	 

     

    

 

ARTICLE
II

GRANT OF OPTIONS

 

Section 2.1.            Grant of Options

 

For good and valuable consideration, on and as of the Grant
Date, the Company irrevocably grants to the Optionee the following Stock Options: (a) the Time Option and (b) the Performance Option,
in each case on the terms and conditions set forth in this Agreement.

 

Section 2.2.            Exercise Price

 

Subject to Section 2.4, the exercise price of the Shares
covered by the Option (the “Exercise Price”) shall be as set forth on Schedule B hereof, which shall
be the Fair Market Value on the Grant Date.

 

Section 2.3.            No Guarantee of Employment

 

Nothing in this Agreement or in the Plan shall confer upon
the Optionee any right to continue in the employ or service relationship of the Company or any Subsidiary or Affiliate or shall
interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which are hereby expressly
reserved, to terminate the employment of the Optionee at any time for any reason whatsoever, with or without cause, subject to
the applicable provisions of, if any, the Optionee’s employment agreement with the Company or any Subsidiary or Affiliate
or offer letter provided by the Company or any Subsidiary or Affiliate to the Optionee.

 

Section 2.4.            Certain Adjustments to Stock
Options 

 

The Option shall be subject to, and the Company, the Committee
and the Optionee shall have such rights as are specified under, the adjustment provisions of Sections 8 and 9 of the Plan, as applicable.

 

ARTICLE
III

PERIOD OF EXERCISABILITY

 

Section 3.1.             Commencement of Exercisability

 

(a)       So
long as the Optionee continues to be employed by the Company or any other Service Recipients through each applicable vesting date
specified below, the Option shall become exercisable pursuant to the following schedules:

 

(i)                  Time Option.
The Time Option shall become vested and exercisable with respect to 20% of the Shares subject to such Option on the last day of
each of the Fiscal Years 2016, 2017, 2018, 2019 and 2020, respectively.

 

(ii)                 Performance
Option.

 

		(A)	If the Company achieves the applicable EBITDA targets as set forth for each of the Fiscal Years 2016 through 2020 as set forth
on Schedule A attached hereto (each an “Annual Performance Target”), then the Performance Option
shall be eligible to become vested and exercisable with respect to 20% of the Shares subject to such Option at the end of each
such Fiscal Year; provided that:

 

    	 	 4	 

     

    

 

		1)	In the event that the Annual Performance Target in respect of Fiscal Year 2017 is not achieved, but the Company’s EBITDA
in respect of Fiscal Year 2017 is at least $ , then one-quarter (1/4) of the Performance Options eligible to vest in respect of
Fiscal Year 2017 shall vest and become exercisable at the end of Fiscal Year 2017, and with respect to the remaining three-quarters
(3/4) of the Performance Options eligible to vest in respect of Fiscal Year 2017 (the “Unvested 2017 Options”),
one-half (1/2) of such Unvested 2017 Options shall vest and become exercisable at the end of Fiscal Year 2019 if the Company’s
EBITDA in respect of Fiscal Year 2019 is at least $ and one-half (1/2) of the Unvested 2017 Options shall vest and become exercisable
at the end of Fiscal Year 2020 if the Company’s EBITDA in respect of Fiscal Year 2020 is at least $ ; provided, that
if the Cumulative Performance Target in respect of a subsequent Fiscal Year is achieved or exceeded, then any unvested portion
of the Unvested 2017 Options shall vest and become exercisable at the end of such subsequent Fiscal Year; and

 

		2)	in the event that the Annual Performance Target in respect of Fiscal Year 2018 is not achieved, but the Company’s EBITDA
in respect of Fiscal Year 2018 is at least $ , then one-quarter (1/4) of the Performance Options eligible to vest in respect of
Fiscal Year 2018 shall vest and become exercisable at the end of Fiscal Year 2018, and with respect to the remaining three-quarters
(3/4) of the Performance Options eligible to vest in respect of Fiscal Year 2018 (the “Unvested 2018 Options”),
one-half (1/2) of such Unvested 2018 Options shall vest and become exercisable at the end of Fiscal Year 2019 if the Company’s
EBITDA in respect of Fiscal Year 2019 is at least $ and one-half (1/2) of the Unvested 2018 Options shall vest and become exercisable
at the end of Fiscal Year 2020 if the Company’s EBITDA in respect of Fiscal Year 2020 is at least $ ; provided, that
if the Cumulative Performance Target in respect of a subsequent Fiscal Year is achieved or exceeded, then any unvested portion
of the Unvested 2018 Options shall vest and become exercisable at the end of such subsequent Fiscal Year.

 

    	 	 5	 

     

    

 

		(B)	Notwithstanding the foregoing, in the event that the Annual Performance Target is not achieved in a particular Fiscal Year
(a “Missed Year”), then that 20% portion of the Performance Option that was eligible to vest but failed to vest
due to the Company’s failure to achieve its Annual Performance Target in the Missed Year shall nevertheless also vest and
become exercisable at the end of any subsequent Fiscal Year if at the end of such subsequent Fiscal Year, the Cumulative
Performance Target set forth on Schedule A for such Fiscal Year is achieved or exceeded. Any part of the Performance
Option that does not vest pursuant to Section 3.1(a)(ii)(A) or (B) shall remain outstanding as an unvested Option subject
to vesting pursuant to Section 3.1(b) until such Option otherwise terminates pursuant to this Agreement.

 

(b)         Effect
of Change in Control. Notwithstanding any of Section 3.1(a) above:

 

(i)       immediately
prior to any Change in Control, any then unvested portion of the Time Option shall become immediately vested and exercisable as
to 100% of the Shares subject to such Time Option; and

 

(ii)       immediately
prior to any Change in Control, any then unvested portion of the Performance Option shall become immediately vested and exercisable
as to 100% of the Shares subject to such Performance Option, but only if, and to the extent that, as a result of such Change
in Control, the Sponsor has achieved a Sponsor IRR of 22.5% and a Sponsor MOIC of 2.5x.

 

(c)         Forfeit
of Unvested Options on Termination of Employment. No Option shall become exercisable as to any additional Shares following
the termination of employment of the Optionee for any reason and any Option that is unexercisable as of the Optionee’s termination
of employment shall immediately expire without payment therefor. For the purposes of this Agreement, if the termination of the
Optionee’s employment is subject to a notice period, the date such notice is given will be deemed to be the Optionee’s
termination date.

 

Section 3.2.            Expiration of Option

 

Except as otherwise provided in Section 5 or Section 6 of
the Management Stockholder’s Agreement, the Optionee may not exercise any vested portion of the Option to any extent after
the first to occur of the following events:

 

(a)       The
tenth anniversary of the Grant Date;

 

(b)       The
first anniversary of the date of the termination of the Optionee’s employment with the Company and all Service Recipients,
if the Optionee’s employment is terminated by reason of death or Disability;

 

(c)       Immediately
upon the date of the termination of the Optionee’s employment by the Company and all Service Recipients for Cause;

 

(d)       Thirty
(30) days after the date of the termination of the Optionee’s employment by the Company and all Service Recipients by the
Optionee without Good Reason (except due to death or Disability);

 

    	 	 6	 

     

    

 

(e)       One-hundred
eighty (180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without
Cause (except due to death or Disability);

 

(f)       One-hundred
eighty (180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by
the Optionee for Good Reason;

 

(g)       The
date the Option is terminated pursuant to a Change in Control or Section 4 or 5 of the Management Stockholder’s Agreement;
or

 

(h)       Notwithstanding
any of the foregoing, immediately or on such date established, if the Committee so determines pursuant to Section 9 of the Plan.

 

ARTICLE
IV

EXERCISE OF OPTION

 

Section 4.1.            Person Eligible to Exercise

 

During the lifetime of the Optionee, only the Optionee (or
his or her duly authorized legal representative) may exercise an Option or any portion thereof. After the death of the Optionee,
any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable under Section 3.2, be exercised
by his personal representative or by any person empowered to do so under the Optionee’s will or under the then applicable
laws of descent and distribution.

 

Section 4.2.            Partial Exercise

 

Any exercisable portion of an Option or the entire Option,
if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof
becomes unexercisable under Section 3.2; provided, however, that any partial exercise shall be for whole Shares only.

 

Section 4.3.            Manner of Exercise

 

An Option, or any exercisable portion thereof, may be exercised
solely by delivering to the Company at the addresses set out in Schedule C all of the following prior to the time
when the Option or such portion becomes unexercisable under Section 3.2:

 

(a)       Notice
in writing signed by the Optionee or the other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee;

 

(b)       Full
payment (in cash by wire transfer, if the Optionee so elects in the notice of exercise through the withholding of Shares (any such
Shares valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Stock Option in a manner
that is compliant with applicable law or other form of payment if agreed by the Company) of the Exercise Price for the Shares with
respect to which such Option or portion thereof is exercised;

 

(c)       Full
payment (in cash by wire transfer or, if vested Options are being exercised during the exercise periods specified in any of Sections
3.2(b), (e) or (f), as applicable, or if otherwise so agreed by the Company, through the withholding of Shares in the same manner
as provided in Section 4.3(b) above) to satisfy the minimum withholding tax obligation with respect to which such Option or portion
thereof is exercised;

 

    	 	 7	 

     

    

 

(d)       A
bona fide written representation and agreement, in a form satisfactory to the Committee, signed by the Optionee or other person
then entitled to exercise such Option or portion thereof, stating that the Shares are being acquired for his own account, for investment
and without any present intention of distributing or reselling said shares or any of them except as may be permitted under (i)
the Securities Act of 1933, as amended (the “Act”), and then applicable rules and regulations thereunder and
(ii) the Management Stockholder’s Agreement, and that the Optionee or other person then entitled to exercise such Option
or portion thereof will indemnify the Company against and hold it free and harmless from any loss, damage, expense or liability
resulting to the Company if any sale or distribution of the shares by such person is contrary to the representation and agreement
referred to above; provided, however, that the Committee may, in its reasonable discretion, take whatever additional
actions it deems reasonably necessary to ensure the observance and performance of such representation and agreement and to effect
compliance with the Act, if applicable and any other federal or state securities laws or regulations; and

 

(e)       In
the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by any person or persons other than the Optionee,
appropriate proof of the right of such person or persons to exercise the option.

 

Without limiting the generality of the foregoing, the Committee may require
an opinion of counsel acceptable to it, to the extent required under Section 3 of the Management Stockholder’s Agreement,
to the effect that any subsequent transfer of shares acquired on exercise of an Option does not violate the Act or other applicable
laws, and may issue stop-transfer orders covering such shares. Share certificates evidencing stock issued on exercise of this Option
shall bear an appropriate legend referring to the provisions of subsection (d) above and the agreements herein. The written representation
and agreement referred to in subsection (d) above shall, however, not be required if the shares to be issued pursuant to such exercise
have been registered under the Act and/or other applicable laws, and such registration is then effective in respect of such shares.

 

Section 4.4.            Conditions to Issuance of
Stock Certificates/Registration of Issuance of Shares

 

The Shares deliverable upon the exercise of an Option, or
any portion thereof, may be either non-issued and/or previously authorized but unissued shares to the extent legally permitted
or issued shares, which have then been reacquired by the Company. Such shares when issued shall be fully paid and nonassessable.
The Company shall not be required to issue or deliver any certificate or certificates for Shares purchased and as the case may
be subscribed for (if certified, or if not certified, register the issuance of such shares on its books and records) upon the exercise
of an Option or portion thereof prior to fulfillment of all of the following conditions:

 

(a)       The
obtaining of approval or other clearance from any state or federal governmental agency which the Committee shall, in its reasonable
and good faith discretion, determine to be necessary or advisable;

 

(b)       The
execution by the Optionee of the Management Stockholder’s Agreement and the Sale Participation Agreement if the Optionee
is not already a party to such agreements; and

 

(c)       The
payment in full to the Company of the Exercise Price for the Shares for which the Option is exercised as provided in Section 4.3(c).

 

    	 	 8	 

     

    

 

 As soon as practicable after fulfillment of the conditions
in this Section 4.4, the Company shall issue the Shares deliverable upon the exercise of the Option to the Optionee (either
by delivery of a certificate for such Shares, or if not certificated by registering the issuance of such Shares on its books and
records) and shall enter the Optionee's ownership of such Shares into the register of registered shares of the Company.

 

Section 4.5.              Rights as Stockholder

 

The holder of an Option shall not be, nor have
any of the rights or privileges of, a stockholder of the Company in respect of any Shares purchasable upon the exercise of the
Option or any portion thereof unless and until such Shares shall have been issued by the Company to such holder (in case of issuance
of new Shares) and/or the Shares have otherwise been recorded in the register of registered shares of the Company as owned by such
holder (and then only to the extent such Shares are held directly by the holder).

 

ARTICLE
V

MISCELLANEOUS

 

Section 5.1.            Administration

 

The Committee shall have the power to interpret the Plan
and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee
shall be final and binding upon the Optionee, the Company and all other interested persons. No member of the Committee shall be
personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the Option. In
its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee
under the Plan and this Agreement.

 

Section 5.2.            Option Not Transferable

 

Neither the Option nor any interest or right therein or
part thereof shall be liable for the debts, contracts or engagements of the Optionee or his successors in interest or shall be
subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition
be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings
(including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that
this Section 5.2 shall not prevent transfers by will or by the applicable laws of descent and distribution.

 

Section 5.3.            Notices

 

All notices and other communications provided for herein
shall be in writing. Any notice or other communication hereunder shall be deemed duly given (i) upon electronic confirmation of
facsimile, (ii) one Business Day following the date sent when sent by overnight delivery, and (iii) five (5) Business Days following
the date mailed when mailed by registered or certified mail return receipt requested and postage prepaid, in each case as follows:
Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of its Board,
and any notice to be given to the Optionee shall be addressed to him at the address given beneath his signature hereto. By a notice
given pursuant to this Section 5.3, either party may hereafter designate a different address for notices to be given to him. Any
notice, which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s
personal representative if such representative has previously informed the Company of his status and address by written notice
under this Section 5.3.

 

    	 	 9	 

     

    

 

Section 5.4.            Titles; Pronouns

 

Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of this Agreement. The masculine pronoun shall include the feminine
and neuter, and the singular the plural, where the context so indicates.

 

Section 5.5.            Applicability
of Plan, Management Stockholder’s Agreement and Sale Participation Agreement; Forfeiture upon Failure to Accept

 

The Option and the Shares issued to the Optionee upon exercise
of the Option shall be subject to all of the terms and provisions of the Plan, the Management Stockholder’s Agreement and
the Sale Participation Agreement, to the extent applicable to the Option and such Shares. By accepting the Option (including through
electronic means), the Optionee agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement,
and the Company’s policies, as in effect from time to time, relating to the Plan. The Optionee’s rights under the Option
will lapse thirty (30) days from the Grant Date, and the Option will be forfeited on such date if the Optionee shall not have accepted
this Agreement by such date.

 

Section 5.6.            Amendment

 

Subject to Section 10 of the Plan, this Agreement may be
amended only by a writing executed by the parties hereto, which specifically states that it is amending this Agreement.

 

Section 5.7.            Governing Law

 

The laws of the State of New York applicable to contracts
executed and to be performed entirely in such state shall govern the interpretation, validity, and performance of the terms of
this Agreement.

 

Section 5.8.            Dispute Resolution

 

In the event of any controversy among the parties hereto
arising out of, or relating to, this Agreement which cannot be settled amicably by the parties, such controversy shall be finally,
exclusively, and conclusively settled by mandatory arbitration conducted expeditiously in accordance with the American Arbitration
Association rules by a single independent arbitrator. Such arbitration process shall take place in New York, New York, United States.
The decision of the arbitrator shall be final and binding upon all parties hereto and shall be rendered pursuant to a written decision,
which contains a detailed recital of the arbitrator’s reasoning. Judgment upon the award rendered may be entered in any court
having jurisdiction thereof. In the event of any arbitration or other disputes with regard to this Agreement or any other document
or agreement referred to herein, each party hereto shall pay its own legal fees and expenses, unless otherwise determined by the
arbitrator.

 

[Signatures on next pages.]

 

    	 	 10	 

     

    

 

IN WITNESS WHEREOF, this Agreement has been executed and
delivered by the parties hereto.

	 	 	 	 
	 	RENAISSANCE PARENT CORP.

 

	 	By:	 	 
	 	 	 	 
	 	Name: 	 	 
	 	 	 	 
	 	Title:	 	 

 

[Signature Page of Stock Option
Agreement]

 

    	 	 	 

     

    

 

	 	OPTIONEE:
	 	 
	 	[Name]
	 	 
	 	ADDRESS:
	 	 
	 	 

 

[Signature Page
of Stock Option Agreement]

 

    	 	 	 

     

    

 

Schedule A to the Stock Option Agreement

Annual and Cumulative Performance Targets

 

The Annual and Cumulative Performance Targets are based
on the Company’s achievement of the following EBITDA targets for the following Fiscal Years:

  

	Performance
    

    Targets	2016	2017	2018	2019	2020
	EBITDA	$400,000,000	$	$	$	$
	Cumulative Target	 	$	$	$	$

 

“EBITDA” shall mean earnings before interest, taxes, depreciation
and amortization plus transaction, management and/or similar fees paid to the Sponsor and/or its Affiliates. The Board may, following
consultation with the Chief Executive Officer of the Company (the “CEO”), in its discretion, adjust the calculation
of EBITDA to reflect, to the extent not contemplated in the management plan, any extraordinary or one-time events, including, without
limitation, acquisitions, divestitures, major capital investment programs, changes in accounting standards, stock expense related
to the issuance of Options, or other extraordinary or unusual events or occurrences, or any costs or expenses incurred during such
period relating to environmental remediation, litigation or other disputes in respect of events and exposures that occurred prior
to the Closing Date. Without limiting the foregoing, if the Company makes an acquisition in any year, the Annual Performance Target
for such year and the Cumulative Performance Target, if any, for such year and subsequent years will be adjusted fairly and appropriately,
in consultation with the CEO, which adjustment may reflect the amount of EBITDA in the plan for the target presented to the Board
at the time the acquisition is approved by the Board. Annual Performance Targets and Cumulative Performance Targets may also be
fairly and appropriately adjusted by the Board, in consultation with the CEO, for any divestitures, major capital investment programs
and any change in GAAP promulgated by accounting standard setters. In the event that any of the foregoing action is taken, such
adjustment shall reflect the amount deemed reasonably necessary by the Board, in the exercise of its good faith judgment to accurately
reflect the effect such event has on such Annual Performance Targets and Cumulative Performance Targets. The intent of such adjustments
is to keep the probability of achieving the Annual Performance Targets and Cumulative Performance Targets the same as if the event
triggering such adjustment had not occurred. The Board will use reasonable efforts to provide that the determination of any necessary
adjustment shall be made within 60 days following the completion or closing of such event.

    	 	C-1	 

     

    

  

Schedule B to the Stock Option Agreement

 

	Grant Date: [●]	 	 
	 	 	 
	Exercise Price of Options:	$7.00	 
	 	 	 
	Option Grants:	 	 
	 	 	 
	Total Option Grant:	 	Shares
	 	 	 
	Aggregate number of Shares for which
    the Time Option granted hereunder is exercisable:	50% of total Option Grant
	 	 	 
	Aggregate number of Shares for which
    the Performance Option granted hereunder is exercisable:	50% of total Option Grant

 

    	 	C-2	 

     

    

 

Schedule C to the Stock Option Agreement: Notice
of Exercise

 

		A.	To the Company

 

Renaissance Parent Corp. 

c/o Gardner Denver, Inc.

222 East Erie Street, Suite 500

Milwaukee, WI 53202

Attention: General Counsel

 

    	 	C-1

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