Document:

Exhibit 10.8

 

Snap
ONE HOLDINGS CORP.

2021 Equity Incentive Plan

 

1.             Purpose.
The purpose of the Snap One Holdings Corp. 2021 Equity Incentive Plan is to provide a means through which the Company and the other members
of the Company Group may attract and retain key personnel and to provide a means whereby directors, officers, employees, consultants and
advisors of the Company and the other members of the Company Group can acquire and maintain an equity interest in the Company, or be paid
incentive compensation measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the
Company Group and aligning their interests with those of the Company’s stockholders.

 

2.             Definitions.
The following definitions shall be applicable throughout the Plan.

 

(a)            “Adjustment
Event” has the meaning given to such term in Section 10(a) of the Plan.

 

(b)           “Affiliate”
means any Person that directly or indirectly controls, is controlled by or is under common control with the Company. The term “control”
(including, with correlative meaning, the terms “controlled by” and “under common control with”), as applied to
any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting or other securities, by contract or otherwise.

 

(c)            “Applicable
Law” means each applicable law, rule, regulation and requirement, including, but not limited to, each applicable U.S. federal,
state or local law, any rule or regulation of the applicable securities exchange or inter-dealer quotation system on which the securities
of the Company may be listed or quoted and each applicable law, rule or regulation of any other country or jurisdiction where Awards
are granted under the Plan or Participants reside or provide services, as each such law, rule and regulation shall be in effect from
time to time.

 

(d)           “Award”
means, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock,
Restricted Stock Unit and Other Equity-Based Award granted under the Plan.

 

(e)            “Award
Agreement” means the document or documents by which each Award is evidenced, which may be in written or electronic form.

 

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

 

(g)           “Cause”
means, as to any Participant, unless the applicable Award Agreement states otherwise, (i) “Cause,” as defined in any
employment, severance, consulting or other similar agreement between the Participant and the Service Recipient in effect at the time of
such Termination; or (ii) in the absence of any such employment, severance, consulting or other similar agreement (or the absence
of any definition of “Cause” contained therein), the Participant’s (A) willful neglect in the performance of the
Participant’s duties for the Service Recipient or willful or repeated failure or refusal to perform such duties; (B) engagement
in conduct, which results in, or could reasonably be expected to result in, material harm to the business or reputation of the Service
Recipient or any other member of the Company Group; (C) conviction of, or plea of guilty or no contest to, (I) any felony (or
similar crime in any non-U.S. jurisdiction for Participants outside the U.S.) or (II) any other crime that results in, or could reasonably
be expected to result in, material harm to the business or reputation of the Service Recipient or any other member of the Company Group;
(D) material violation of the written policies of the Service Recipient or those set forth in the manuals or statements of policy
of the Service Recipient as in effect from time to time (including, but not limited to, those relating to sexual harassment); (E) fraud,
misappropriation or embezzlement related to the Service Recipient or any other member of the Company Group; (F) act of personal dishonesty
that involves personal profit in connection with the Participant’s employment or service to the Service Recipient; or (G) engagement
in any Detrimental Activity; provided, in any case, that a Participant’s resignation after an event that would be grounds
for a Termination for Cause will be treated as a Termination for Cause hereunder.

 

     

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(h)           “Change
in Control” means:

 

(i)             the
acquisition (whether by purchase, merger, consolidation, combination or other similar transaction) by any Person of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 50% (on a fully diluted basis) of either (A) the
Outstanding Common Stock; or (B) the Outstanding Company Voting Securities; provided, however, that for purposes of the Plan,
the following acquisitions shall not constitute a Change in Control: (I) any acquisition by the Company or any Affiliate; (II) any
acquisition by any employee benefit plan sponsored or maintained by the Company or any Affiliate; or (III) in respect of an Award
held by a particular Participant, any acquisition by the Participant or any group of Persons including the Participant (or any entity
controlled by the Participant or any group of Persons including the Participant);

 

(ii)            during
any period of 12 months, individuals who, at the beginning of such period, constitute the Board (the “Incumbent Directors”)
cease for any reason to constitute at least a majority of the members of the Board, provided that any person becoming a director subsequent
to the Effective Date, whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors
then on the Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee
for director, without written objection to such nomination) shall be an Incumbent Director; provided, however, that no individual
initially elected or nominated as a director of the Company as a result of an actual or threatened election contest, as such terms are
used in Rule 14a-12 of Regulation 14A promulgated under the Exchange Act, with respect to directors or as a result of any other actual
or threatened solicitation of proxies or consents by or on behalf of any person other than the Board shall be deemed to be an Incumbent
Director;

 

(iii)           the
consummation of a reorganization, recapitalization, merger, consolidation, or similar corporate transaction involving the Company that
requires the approval of the Company’s stockholders (a “Business Combination”), unless immediately following
such Business Combination: more than 50% of the total voting power of (A) the entity resulting from such Business Combination (the
 “Surviving Company”), or (B) if applicable, the ultimate parent entity that directly or indirectly has beneficial
ownership of sufficient voting securities eligible to elect a majority of the board of directors (or the analogous governing body) of
the Surviving Company, is represented by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business
Combination (or, if applicable, is represented by shares into which the Outstanding Company Voting Securities were converted pursuant
to such Business Combination); or

 

     

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(iv)           the
sale, transfer or other disposition of all or substantially all of the assets of the Company Group (taken as a whole) to any Person that
is not an Affiliate of the Company.

 

(i)             “Code”
means the Internal Revenue Code of 1986, as amended, and any successor thereto. Reference in the Plan to any section of the Code shall
be deemed to include any regulations or other interpretative guidance under such section, and any amendments or successor provisions to
such section, regulations or guidance.

 

(j)             “Committee”
means the Compensation Committee of the Board or any properly delegated subcommittee thereof or, if no such Compensation Committee or
subcommittee thereof exists, the Board.

 

(k)            “Common
Stock” means the common stock of the Company, par value $0.01 per share (and any stock or other securities into which such Common
Stock may be converted or into which it may be exchanged).

 

(l)             “Company”
means Snap One Holdings Corp., a Delaware corporation, and any successor thereto.

 

(m)           “Company
Group” means, collectively, the Company and its Subsidiaries.

 

(n)           “Date
of Grant” means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

 

(o)           “Designated
Foreign Subsidiaries” means all members of the Company Group that are organized under the laws of any jurisdiction other than
the United States of America.

 

(p)           “Detrimental
Activity” means any of the following: (i) unauthorized disclosure or use of any confidential or proprietary information
of any member of the Company Group; (ii) any activity that would be grounds to terminate the Participant’s employment or service
with the Service Recipient for Cause; (iii) a breach by the Participant of any restrictive covenant by which such Participant is
bound, including, without limitation, any covenant not to compete or not to solicit, in any agreement with any member of the Company Group;
or (iv) the Participant’s fraud or conduct contributing to any financial restatements or irregularities, in each case, as determined
by the Committee in its sole discretion.

 

(q)           “Disability”
means, as to any Participant, unless the applicable Award Agreement states otherwise, (i) “Disability,” as defined in
any employment, severance, consulting or other similar agreement between the Participant and the Service Recipient in effect at the time
of Termination; or (ii) in the absence of any such employment, severance, consulting or other similar agreement (or the absence of
any definition of “Disability” contained therein), a condition entitling the Participant to receive benefits under a long-term
disability plan of the Service Recipient or other member of the Company Group in which such Participant is eligible to participate, or,
in the absence of such a plan, the complete and permanent inability of the Participant by reason of illness or accident to perform the
duties of the position at which the Participant was employed or served when such disability commenced. Any determination of whether Disability
exists in the absence of a long-term disability plan shall be made by the Company (or its designee) in its sole and absolute discretion.

 

     

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(r)            “Effective
Date” means         , 2021.

 

(s)            “Eligible
Person” means: any (i) individual employed by any member of the Company Group; provided, however, that no such U.S.
employee covered by a collective bargaining agreement shall be an Eligible Person unless and to the extent that such eligibility is set
forth in such collective bargaining agreement or in an agreement or instrument relating thereto; (ii) director of any member of the
Company Group; or (iii) consultant or advisor to any member of the Company Group, or any other Person, in each case, who may be offered
securities registrable pursuant to a registration statement on Form S-8 under the Securities Act (or, for consultants or advisors
outside of the U.S. may be offered securities consistent with Applicable Law).

 

(t)            “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto. Reference in the Plan to any section
of (or rule promulgated under) the Exchange Act shall be deemed to include any rules, regulations or other interpretative guidance
under such section or rule, and any amendments or successor provisions to such section, rules, regulations or guidance.

 

(u)           “Exercise
Price” has the meaning given to such term in Section 7(b) of the Plan.

 

(v)           “Fair
Market Value” means, as of any date, the fair market value of a share of Common Stock, as reasonably determined by the Company
and consistently applied for purposes of the Plan, which may include, without limitation, the closing sales price on the trading day immediately
prior to or on such date, the average of the high and low sales prices on such date, or a trailing average of previous closing prices
prior to such date.

 

(w)           “GAAP”
has the meaning given to such term in Section 7(d) of the Plan.

 

(x)            “Grant
Date Fair Market Value” means, as of a Date of Grant, (i) if the Common Stock is listed on a national securities exchange,
the closing sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date,
or, if there are no such sales on that date, then on the last preceding date on which such sales were reported; (ii) if the Common
Stock is not listed on any national securities exchange but is quoted in an inter-dealer quotation system on a last-sale basis, the average
between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last preceding
date on which a sale was reported; or (iii) if the Common Stock is not listed on a national securities exchange or quoted in an inter-dealer
quotation system on a last-sale basis, the amount determined by the Committee in good faith to be the fair market value of the Common
Stock; provided, however, as to any Awards granted on or with a Date of Grant of the date of the pricing of the Company’s
initial public offering, “Grant Date Fair Market Value” shall be equal to the per share price at which the Common Stock is
offered to the public in connection with such initial public offering.

 

     

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(y)           “Incentive
Stock Option” means an Option which is designated by the Committee as an incentive stock option as described in Section 422
of the Code and otherwise meets the requirements set forth in the Plan.

 

(z)            “Indemnifiable
Person” has the meaning given to such term in Section 4(e) of the Plan.

 

(aa)          “Non-Employee
Director” means a member of the Board who is not an employee of any member of the Company Group.

 

(bb)         “Nonqualified
Stock Option” means an Option which is not designated by the Committee as an Incentive Stock Option.

 

(cc)          “Option”
means an Award granted under Section 7 of the Plan.

 

(dd)         “Option
Period” has the meaning given to such term in Section 7(c)(ii) of the Plan.

 

(ee)          “Other
Equity-Based Award” means an Award that is not an Option, Restricted Stock or Restricted Stock Unit, that is granted under Section 9
of the Plan and is (i) payable by delivery of Common Stock and/or (ii) measured by reference to the value of Common Stock.

 

(ff)           “Outstanding
Common Stock” means the then-outstanding shares of Common Stock, taking into account as outstanding for this purpose such Common
Stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, the exercise of any similar right
to acquire such Common Stock, and the exercise or settlement of then-outstanding Awards (or similar awards under any prior Equity Incentive
Plans maintained by the Company).

 

(gg)         “Outstanding
Company Voting Securities” means the combined voting power of the then-outstanding voting securities of the Company entitled
to vote generally in the election of directors.

 

(hh)         “Participant”
means an Eligible Person who has been selected by the Committee to participate in the Plan and granted an Award pursuant to the Plan.

 

     

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(ii)            “Performance
Conditions” means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions
or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the
foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures:
(i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before
or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross
profit growth; (v) net operating profit (before or after taxes or other adjustments); (vi) return measures (including, but not
limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures
(including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required
to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization
(including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including,
but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative
expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital
targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales;
(xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention;
(xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring
projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions,
expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations
to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic
objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or
more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute
or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or
business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the
Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared
to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion,
deems appropriate, or as compared to various stock market indices.

  

(jj)            “Permitted
Transferee” has the meaning given to such term in Section 12(b)(ii) of the Plan.

 

(kk)          “Person”
means any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

 

(ll)            “Plan”
means this Snap One Holdings Corp. 2021 Equity Incentive Plan, as it may be amended and/or restated from time to time.

 

(mm)        “Plan
Share Reserve” has the meaning given to such term in Section 6(a) of the Plan.

 

(nn)         “Qualifying
Director” means a Person who is, with respect to actions intended to obtain an exemption from Section 16(b) of the
Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a “non-employee director” within the meaning of Rule 16b-3
under the Exchange Act.

 

(oo)         “Restricted
Period” means the period of time determined by the Committee during which an Award is subject to restrictions, including vesting
conditions.

 

     

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(pp)         “Restricted
Stock” means Common Stock, subject to certain specified restrictions (which may include, without limitation, a requirement that
the Participant remain continuously employed or provide continuous services for a specified period of time), granted under Section 8
of the Plan.

 

(qq)         “Restricted
Stock Unit” means an unfunded and unsecured promise to deliver shares of Common Stock, cash, other securities or other property,
subject to certain restrictions (which may include, without limitation, a requirement that the Participant remain continuously employed
or provide continuous services for a specified period of time), granted under Section 8 of the Plan.

 

(rr)           “Securities
Act” means the Securities Act of 1933, as amended, and any successor thereto. Reference in the Plan to any section of (or rule promulgated
under) the Securities Act shall be deemed to include any rules, regulations or other interpretative guidance under such section or rule,
and any amendments or successor provisions to such section, rules, regulations or guidance.

 

(ss)          “Service
Recipient” means, with respect to a Participant holding a given Award, the member of the Company Group by which the original
recipient of such Award is, or following a Termination was most recently, principally employed or to which such original recipient provides,
or following a Termination was most recently providing, services, as applicable.

 

(tt)           “SAR
Base Price” means, as to any Stock Appreciation Right, the price per share of Common Stock designated as the base value above
which appreciation in value is measured.

 

(uu)         “Stock
Appreciation Right” or “SAR” means an Other-Equity Based Award designated in an applicable Award Agreement
as a stock appreciation right.

 

(vv)         “Sub-Plans”
means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting or facilitating the offering
of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the jurisdiction of the United States of America,
with each such Sub-Plan designed to comply with Applicable Law in such foreign jurisdictions. Although any Sub-Plan may be designated
a separate and independent plan from the Plan in order to comply with Applicable Law, the Plan Share Reserve and the other limits specified
in Section 6(a) of the Plan shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

 

(ww)       “Subsidiary”
means, with respect to any specified Person:

 

(i)             any
corporation, association or other business entity of which more than 50% of the total voting power of shares of such entity’s voting
securities (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’
agreement that effectively transfers voting power) is at the time owned or controlled, directly or indirectly, by that Person or one or
more of the other Subsidiaries of that Person (or a combination thereof); and

 

     

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(ii)            any
partnership (or any comparable foreign entity) (A) the sole general partner (or functional equivalent thereof) or the managing general
partner of which is such Person or a Subsidiary of such Person or (B) the only general partners (or functional equivalents thereof)
of which are that Person or one or more Subsidiaries of that Person (or any combination thereof).

 

(xx)          “Substitute
Awards” has the meaning given to such term in Section 6(e) of the Plan, and shall include any Substitute IPO Awards.

 

(yy)         “Substitute
IPO Awards” means Awards granted in connection with the Company’s initial public offering and in substitution of (i) Class B-1
Units and Class B-2 Units of Crackle Holdings, L.P. granted under the Crackle Holdings, L.P. 2017 Class B Unit Incentive Plan
and (ii) Class A Nonvoting Units of Holdings.

 

(zz)          “Termination”
means the termination of a Participant’s employment or service, as applicable, with the Service Recipient for any reason (including
death or Disability).

 

3.             Effective
Date; Duration. The Plan shall be effective as of the Effective Date. The Plan will continue
in effect until terminated under Section 11; provided, however, that such termination shall not affect Awards then outstanding,
and the terms and conditions of the Plan shall continue to apply to such Awards. Notwithstanding the foregoing (a) no Incentive Stock
Options may be granted after the tenth (10th) anniversary of the Effective Date (or the date of stockholder approval of the
Plan, if earlier), and (ii) Section 6(a) relating to automatic increase in the Plan Share Reserve will no longer apply
following the tenth (10th) anniversary of the Effective Date.

 

4.             Administration.

 

(a)            General.
The Committee shall administer the Plan. To the extent required to comply with the provisions of Rule 16b-3 promulgated under the
Exchange Act (if the Board is not acting as the Committee under the Plan) it is intended that each member of the Committee shall, at the
time such member takes any action with respect to an Award under the Plan that is intended to qualify for the exemptions provided by Rule 16b-3
promulgated under the Exchange Act, be a Qualifying Director. However, the fact that a Committee member shall fail to qualify as a Qualifying
Director shall not invalidate any Award granted by the Committee that is otherwise validly granted under the Plan.

 

(b)            Committee
Authority. Subject to the provisions of the Plan and Applicable Law, the Committee shall have the sole and plenary authority, in addition
to other express powers and authorizations conferred on the Committee by the Plan, to (i) designate Participants; (ii) determine
the type or types of Awards to be granted to a Participant; (iii) determine the number of shares of Common Stock to be covered by,
or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv) determine the terms
and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled in, or exercised
for, cash, shares of Common Stock, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method
or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent,
and under what circumstances the delivery of cash, shares of Common Stock, other securities, other Awards, or other property and other
amounts payable with respect to an Award shall be deferred either automatically or at the election of the Participant or of the Committee;
(vii) interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any
instrument or agreement relating to, or Award granted under, the Plan; (viii) establish, amend, suspend, or waive any rules and
regulations and appoint such agents as the Committee shall deem appropriate for the proper administration of the Plan; (ix) adopt
Sub-Plans; and (x) make any other determination and take any other action that the Committee deems necessary or desirable for the
administration of the Plan.

 

     

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(c)            Delegation.
Except to the extent prohibited by Applicable Law, the Committee may allocate all or any portion of its responsibilities and powers to
any one or more of its members and may delegate all or any part of its responsibilities and powers to any Person or Persons selected by
it. Any such allocation or delegation may be revoked by the Committee at any time. Without limiting the generality of the foregoing, the
Committee may delegate to one or more officers of any member of the Company Group, the authority to act on behalf of the Committee with
respect to any matter, right, obligation, or election which is the responsibility of, or which is allocated to, the Committee herein,
and which may be so delegated in accordance with Applicable Law, except with respect to grants of Awards to Persons (i) who are Non-Employee
Directors, or (ii) who are subject to Section 16 of the Exchange Act.

 

(d)           Finality
of Decisions. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions
under or with respect to the Plan, any Award or any Award Agreement shall be within the sole discretion of the Committee, may be made
at any time and shall be final, conclusive and binding upon all Persons, including, without limitation, any member of the Company Group,
any Participant, any holder or beneficiary of any Award, and any stockholder of the Company.

 

(e)            Indemnification.
No member of the Board or the Committee or any employee or agent of any member of the Company Group (each such Person, an “Indemnifiable
Person”) shall be liable for any action taken or omitted to be taken or any determination made with respect to the Plan or any
Award hereunder (unless constituting fraud or a willful criminal act or omission). Each Indemnifiable Person shall be indemnified and
held harmless by the Company against and from any loss, cost, liability, or expense (including attorneys’ fees) that may be imposed
upon or incurred by such Indemnifiable Person in connection with or resulting from any action, suit or proceeding to which such Indemnifiable
Person may be a party or in which such Indemnifiable Person may be involved by reason of any action taken or omitted to be taken or determination
made with respect to the Plan or any Award hereunder and against and from any and all amounts paid by such Indemnifiable Person with the
Company’s approval, in settlement thereof, or paid by such Indemnifiable Person in satisfaction of any judgment in any such action,
suit or proceeding against such Indemnifiable Person, and the Company shall advance to such Indemnifiable Person any such expenses promptly
upon written request (which request shall include an undertaking by the Indemnifiable Person to repay the amount of such advance if it
shall ultimately be determined, as provided below, that the Indemnifiable Person is not entitled to be indemnified); provided,
that the Company shall have the right, at its own expense, to assume and defend any such action, suit or proceeding and once the Company
gives notice of its intent to assume the defense, the Company shall have sole control over such defense with counsel of the Company’s
choice. The foregoing right of indemnification shall not be available to an Indemnifiable Person to the extent that a final judgment or
other final adjudication (in either case not subject to further appeal) binding upon such Indemnifiable Person determines that the acts,
omissions or determinations of such Indemnifiable Person giving rise to the indemnification claim resulted from such Indemnifiable Person’s
fraud or willful criminal act or omission or that such right of indemnification is otherwise prohibited by Applicable Law or by the organizational
documents of any member of the Company Group. The foregoing right of indemnification shall not be exclusive of or otherwise supersede
any other rights of indemnification to which such Indemnifiable Persons may be entitled under (i) the organizational documents of
any member of the Company Group, (ii) pursuant to Applicable Law, (iii) an individual indemnification agreement or contract
or otherwise, or (iv) any other power that the Company may have to indemnify such Indemnifiable Persons or hold such Indemnifiable
Persons harmless.

 

     

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(f)            Board
Authority. Notwithstanding anything to the contrary contained in the Plan, the Board may, in its sole discretion, at any time and
from time to time, grant Awards and administer the Plan with respect to such Awards. Any such actions by the Board shall be subject to
the applicable rules of the securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted. In
any such case, the Board shall have all the authority granted to the Committee under the Plan.

 

5.             Grants
of Awards; Eligibility. The Committee may, from time to time, grant Awards to one or more Eligible
Persons. Participation in the Plan shall be limited to Eligible Persons.

 

6.             Shares
Subject to the Plan; Limitations.

 

(a)            Share
Reserve. Subject to Section 10 of the Plan, 10,500,000 shares of Common Stock (the “Plan Share Reserve”) shall
be available for Awards under the Plan. Each Award granted under the Plan will reduce the Plan Share Reserve by the number of shares of
Common Stock underlying the Award. Notwithstanding the foregoing, the Plan Share Reserve shall be automatically increased on the first
day of each fiscal year following the fiscal year in which the Effective Date falls by a number of shares of Common Stock equal to the
lesser of (i) the positive difference, if any, between (A) 4% of the Outstanding Common Stock on the last day of the immediately
preceding fiscal year, minus (B) the Plan Share Reserve on the last day of the immediately preceding fiscal year (but in no
case less than zero), and (ii) the number of shares of Common Stock as may be determined by the Board.

 

(b)            Additional
Limits. Subject to Section 10 of the Plan, (i) no more than the number of shares of Common Stock equal to the Plan Share
Reserve may be issued in the aggregate pursuant to the exercise of Incentive Stock Options granted under the Plan; and (ii) during
a single fiscal year, the number of Awards eligible to be made to any Non-Employee Director, taken together with any cash fees paid to
such Non-Employee Director during such fiscal year, shall not exceed a total value of $1,000,000 (calculating the value of any such Awards
based on the grant date fair value of such Awards for financial reporting purposes).

 

(c)            Share
Counting. Other than with respect to Substitute Awards, to the extent that an Award expires or is canceled, forfeited, or terminated
without issuance to the Participant of the full number of shares of Common Stock to which the Award related, the unissued shares underlying
such Award will be returned to the Plan Share Reserve and again be available for grant under the Plan. Shares of Common Stock shall be
deemed to have been issued in settlement of Awards if the Fair Market Value equivalent of such shares is paid in cash; provided, however,
that no shares shall be deemed to have been issued in settlement of a SAR, Other Equity-Based Award or Restricted Stock Unit that only
provides for settlement in, and settles only in, cash. Shares of Common Stock withheld in payment of the Exercise Price, SAR Base Price
or taxes relating to an Award shall constitute shares of Common Stock issued to the Participant and shall reduce the Plan Share Reserve.

 

     

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(d)            Source
of Shares. Shares of Common Stock issued by the Company in settlement of Awards may be authorized and unissued shares, shares of Common
Stock held in the treasury of the Company, shares of Common Stock purchased on the open market or by private purchase or a combination
of the foregoing.

 

(e)            Substitute
Awards. Awards may, in the sole discretion of the Committee, be granted under the Plan in assumption of, or in substitution for, outstanding
awards previously granted by an entity directly or indirectly acquired by the Company or with which the Company combines (“Substitute
Awards”). Substitute Awards shall not be counted against the Plan Share Reserve; provided, that Substitute Awards issued
in connection with the assumption of, or in substitution for, outstanding options intended to qualify as “incentive stock options”
within the meaning of Section 422 of the Code shall be counted against the aggregate number of shares of Common Stock available for
Awards of Incentive Stock Options under the Plan. Subject to applicable stock exchange requirements, available shares under a stockholder-approved
plan of an entity directly or indirectly acquired by the Company or with which the Company combines (as appropriately adjusted to reflect
the acquisition or combination transaction) may be used for Awards under the Plan and shall not reduce the number of shares of Common
Stock available for issuance under the Plan.

 

7.             Options.

 

(a)            General.
Each Option granted under the Plan shall be evidenced by an Award Agreement, which agreement need not be the same for each Participant.
Each Option so granted shall be subject to the conditions set forth in this Section 7, and to such other conditions not inconsistent
with the Plan as may be reflected in the applicable Award Agreement. All Options granted under the Plan shall be Nonqualified Stock Options
unless the applicable Award Agreement expressly states that the Option is intended to be an Incentive Stock Option. Incentive Stock Options
may be granted only to Eligible Persons who are employees of a member of the Company Group. No Option may be treated as an Incentive Stock
Option unless the Plan has been approved by the stockholders of the Company in a manner intended to comply with the stockholder approval
requirements of Section 422(b)(1) of the Code. Any Option intended to be an Incentive Stock Option which does not qualify as
an Incentive Stock Option for any reason, including by reason of grant to an Eligible Person who is not an employee or the Plan not being
properly approved by the stockholders of the Company under Section 422(b)(1) of the Code, then, to the extent of such non-qualification,
such Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan.

 

     

    12

    

 

(b)           Exercise
Price. Except as otherwise provided by the Committee in the case of Substitute Awards, the exercise price (“Exercise Price”)
per share of Common Stock for each Option shall not be less than 100% of the Grant Date Fair Market Value of such share; provided,
however, that in the case of an Incentive Stock Option granted to an employee who, at the time of the grant of such Option, owns stock
representing more than 10% of the voting power of all classes of stock of any member of the Company Group, the Exercise Price per share
shall be no less than 110% of the Grant Date Fair Market Value per share.

 

(c)            Vesting
and Expiration; Termination.

 

(i)             Options
shall vest and become exercisable in such manner and on such date or dates or upon such event or events as determined by the Committee,
including, without limitation, satisfaction of Performance Conditions; provided, however, that notwithstanding any such vesting
dates or events, the Committee may in its sole discretion accelerate the vesting of any Options at any time and for any reason.

 

(ii)            Options
shall expire upon a date determined by the Committee, not to exceed 10 years from the Date of Grant (the “Option Period”);
provided, that if the Option Period (other than in the case of an Incentive Stock Option) would expire on a date when (A) trading
in the shares of Common Stock is prohibited by the Company’s insider trading policy (or Company-imposed “blackout period”),
and (B) the Fair Market Value exceeds the Exercise Price per share on such expiration date, then the Option Period shall be automatically
extended until the 30th day following the expiration of such prohibition. Notwithstanding the foregoing, in no event shall
the Option Period exceed five years from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the
Date of Grant owns stock representing more than 10% of the voting power of all classes of stock of any member of the Company Group.

 

(iii)            Unless
otherwise provided by the Committee, whether in an Award Agreement or otherwise, in the event of: (A) a Participant’s Termination
by the Service Recipient for Cause, all outstanding Options granted to such Participant shall immediately terminate and expire; (B) a
Participant’s Termination due to death or Disability, each outstanding unvested Option granted to such Participant shall immediately
terminate and expire, and each outstanding vested Option shall remain exercisable for one year thereafter (but in no event beyond the
expiration of the Option Period); and (C) a Participant’s Termination for any other reason, each outstanding unvested Option
granted to such Participant shall immediately terminate and expire, and each outstanding vested Option shall remain exercisable for 90
days thereafter (but in no event beyond the expiration of the Option Period).

 

     

    13

    

 

(d)           Method
of Exercise and Form of Payment. No shares of Common Stock shall be issued pursuant to any exercise of an Option until payment
in full of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any Federal,
state, local and non-U.S. income, employment and any other applicable taxes that are required to be withheld under Applicable Law, as
determined in accordance with Section 12(d) hereof. Options which have become exercisable may be exercised by delivery of written
or electronic notice (or telephonic instructions to the extent provided by the Committee) of exercise to the Company (or any third-party
administrator, as applicable) in accordance with the terms of the Option and any other exercise procedure established by the Committee,
accompanied by payment of the Exercise Price. Unless otherwise provided by the Committee, whether in an Award Agreement or otherwise,
the Exercise Price shall be payable: (i) in cash, check, cash equivalent and/or shares of Common Stock valued at the Fair Market
Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership
of a sufficient number of shares of Common Stock in lieu of actual issuance of such shares to the Company); provided, that such
shares of Common Stock are not subject to any pledge or other security interest and have been held by the Participant for at least six
months (or such other period as established from time to time by the Committee in order to avoid adverse accounting treatment applying
generally accepted accounting principles (“GAAP”)); or (ii) by such other method as the Committee may permit,
in its sole discretion, including, without limitation (A) in other property having a fair market value on the date of exercise equal
to the Exercise Price; (B) if there is a public market for the shares of Common Stock at such time, by means of a broker-assisted
 “cashless exercise” pursuant to which the Company is delivered (including telephonically to the extent permitted by the Committee)
a copy of irrevocable instructions to a stockbroker to sell the shares of Common Stock otherwise issuable upon the exercise of the Option
and to deliver promptly to the Company an amount equal to the Exercise Price; or (C) a “net exercise” procedure effected
by withholding the minimum number of shares of Common Stock otherwise issuable in respect of an Option that are needed to pay the Exercise
Price and any Federal, state, local and non-U.S. income, employment and any other applicable taxes that are required to be withheld under
Applicable Law, as determined in accordance with Section 12(d) hereof. Unless otherwise determined by the Committee, any fractional
shares of Common Stock shall be settled in cash.

 

(e)            Notification
upon Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option under the Plan shall
notify the Company in writing immediately after the date the Participant makes a disqualifying disposition of any shares of Common Stock
acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including, without limitation,
any sale) of such shares of Common Stock before the later of (i) the date that is two years after the Date of Grant of the Incentive
Stock Option or (ii) the date that is one year after the date of exercise of the Incentive Stock Option. The Company may, if determined
by the Committee and in accordance with procedures established by the Committee, retain possession, as agent for the applicable Participant,
of any shares of Common Stock acquired pursuant to the exercise of an Incentive Stock Option until the end of the period described in
the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such shares of Common Stock.

 

(f)            Compliance
With Laws, etc. Notwithstanding the foregoing, in no event shall a Participant be permitted to exercise an Option in a manner
which the Committee determines would violate the Sarbanes-Oxley Act of 2002, as it may be amended from time to time, or any other Applicable
Law.

 

     

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8.             Restricted
Stock and Restricted Stock Units.

 

(a)            General.
Each grant of Restricted Stock and Restricted Stock Units shall be evidenced by an Award Agreement. Each Restricted Stock and Restricted
Stock Unit so granted shall be subject to the conditions set forth in this Section 8, and to such other conditions not inconsistent
with the Plan as may be reflected in the applicable Award Agreement.

 

(b)           Stock
Certificates and Book-Entry; Escrow or Similar Arrangement. Upon the grant of Restricted Stock, the Committee shall cause a stock
certificate registered in the name of the Participant to be issued or shall cause share(s) of Common Stock to be registered in the
name of the Participant and held in book-entry form subject to the Company’s directions and, if the Committee determines that the
Restricted Stock shall be held by the Company or in escrow rather than issued to the Participant pending the release of the applicable
restrictions, the Committee may require the Participant to additionally execute and deliver to the Company (i) an escrow agreement
satisfactory to the Committee, if applicable and (ii) the appropriate stock power (endorsed in blank) with respect to the Restricted
Stock covered by such agreement. Subject to the restrictions set forth in this Section 8, Section 12(b) of the Plan and
the applicable Award Agreement, a Participant generally shall have the rights and privileges of a stockholder as to shares of Restricted
Stock, including, without limitation, the right to vote such Restricted Stock. To the extent shares of Restricted Stock are forfeited,
any stock certificates issued to the Participant evidencing such shares shall be returned to the Company, and all rights of the Participant
to such shares and as a stockholder with respect thereto shall terminate without further obligation on the part of the Company. A Participant
shall have no rights or privileges as a stockholder as to Restricted Stock Units.

 

(c)            Vesting;
Termination.

 

(i)             Restricted
Stock and Restricted Stock Units shall vest, and any applicable Restricted Period shall lapse, in such manner and on such date or dates
or upon such event or events as determined by the Committee, including, without limitation, satisfaction of Performance Conditions; provided,
however, that, notwithstanding any such dates or events, the Committee may, in its sole discretion, accelerate the vesting of any
Restricted Stock or Restricted Stock Unit or the lapsing of any applicable Restricted Period at any time and for any reason.

 

(ii)            Unless
otherwise provided by the Committee, whether in an Award Agreement or otherwise, in the event of a Participant’s Termination for
any reason prior to the time that such Participant’s Restricted Stock or Restricted Stock Units, as applicable, have vested, (A) all
vesting with respect to such Participant’s Restricted Stock or Restricted Stock Units, as applicable, shall cease and (B) unvested
shares of Restricted Stock and unvested Restricted Stock Units, as applicable, shall be forfeited to the Company by the Participant for
no consideration as of the date of such Termination.

 

(d)           Issuance
of Restricted Stock and Settlement of Restricted Stock Units.

 

(i)             Upon
the expiration of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in the applicable Award
Agreement shall be of no further force or effect with respect to such shares, except as set forth in the applicable Award Agreement. If
an escrow arrangement is used, upon such expiration, the Company shall issue to the Participant, or the Participant’s beneficiary,
without charge, the stock certificate (or, if applicable, a notice evidencing a book-entry notation) evidencing the shares of Restricted
Stock which have not then been forfeited and with respect to which the Restricted Period has expired (rounded down to the nearest full
share).

 

     

    15

    

 

(ii)            Unless
otherwise provided by the Committee in an Award Agreement or otherwise, upon the expiration of the Restricted Period with respect to any
outstanding Restricted Stock Units, the Company shall issue to the Participant or the Participant’s beneficiary, without charge,
one share of Common Stock (or other securities or other property, as applicable) for each such outstanding Restricted Stock Unit; provided,
however, that the Committee may, in its sole discretion, elect to (A) pay cash or part cash and part shares of Common Stock in
lieu of issuing only shares of Common Stock in respect of such Restricted Stock Units; or (B) defer the issuance of shares of Common
Stock (or cash or part cash and part shares of Common Stock, as the case may be) beyond the expiration of the Restricted Period if such
extension would not cause adverse tax consequences under Section 409A of the Code. If a cash payment is made in lieu of issuing shares
of Common Stock in respect of such Restricted Stock Units, the amount of such payment shall be equal to the Fair Market Value per share
of the Common Stock as of the date on which the Restricted Period lapsed with respect to such Restricted Stock Units.

 

(e)            Legends
on Restricted Stock. Each certificate, if any, or book entry representing Restricted Stock awarded under the Plan, if any, shall bear
a legend or book entry notation substantially in the form of the following, in addition to any other information the Company deems appropriate,
until the lapse of all restrictions with respect to such shares of Common Stock:

 

TRANSFER
OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE SNAP ONE HOLDINGS CORP. 2021 EQUITY INCENTIVE
PLAN AND A RESTRICTED STOCK AWARD AGREEMENT BETWEEN SNAP ONE HOLDINGS CORP. AND THE PARTICIPANT. A COPY OF SUCH PLAN AND AWARD AGREEMENT
IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF SNAP ONE HOLDINGS CORP.

 

9.            Other
Equity-Based Awards. The Committee may grant Other Equity-Based Awards under the Plan to Eligible
Persons, alone or in tandem with other Awards, in such amounts and dependent on such conditions as the Committee shall from time to time
in its sole discretion determine, including, without limitation, satisfaction of Performance Conditions. Each Other Equity-Based Award
granted under the Plan shall be evidenced by an Award Agreement and shall be subject to such conditions not inconsistent with the Plan
as may be reflected in the applicable Award Agreement.

 

     

    16

    

 

10.          Changes
in Capital Structure and Similar Events. Notwithstanding any other provision in the Plan to the
contrary, the following provisions shall apply to all Awards granted hereunder:

 

(a)            General.
In the event of (i) any dividend (other than regular cash dividends) or other distribution (whether in the form of cash, shares of
Common Stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, split-off, spin-off, combination, repurchase or exchange of shares of Common Stock or other securities of the Company, issuance
of warrants or other rights to acquire shares of Common Stock or other securities of the Company, or other similar corporate transaction
or event that affects the shares of Common Stock (including a Change in Control); or (ii) unusual or nonrecurring events affecting
the Company, including changes in applicable rules, rulings, regulations or other requirements, that the Committee determines, in its
sole discretion, could result in substantial dilution or enlargement of the rights intended to be granted to, or available for, Participants
(any event in (i) or (ii), an “Adjustment Event”), the Committee shall, in respect of any such Adjustment Event,
make such proportionate substitution or adjustment, if any, as it deems equitable, to any or all of (A) the Plan Share Reserve, or
any other limit applicable under the Plan with respect to the number of Awards which may be granted hereunder; (B) the number of
shares of Common Stock or other securities of the Company (or number and kind of other securities or other property) which may be issued
in respect of Awards or with respect to which Awards may be granted under the Plan or any Sub-Plan; and (C) the terms of any outstanding
Award, including, without limitation, (I) the number of shares of Common Stock or other securities of the Company (or number and
kind of other securities or other property) subject to outstanding Awards or to which outstanding Awards relate; (II) the Exercise
Price or SAR Base Price with respect to any Option or SAR, as applicable, or any amount payable as a condition of issuance of shares of
Common Stock (in the case of any other Award); or (III) any applicable performance measures; provided, that in the case of
any “equity restructuring” (within the meaning of the Financial Accounting Standards Board Accounting Standards Codification
Topic 718 (or any successor pronouncement thereto)), the Committee shall make an equitable or proportionate adjustment to outstanding
Awards to reflect such equity restructuring.

 

(b)           Change
in Control. Without limiting the foregoing, in connection with any Adjustment Event that is a Change in Control, the Committee may,
in its sole discretion, provide for any one or more of the following:

 

(i)             substitution
or assumption of, acceleration of the vesting of, exercisability of, or lapse of restrictions on, any one or more outstanding Awards;
and

 

(ii)            cancellation
of any one or more outstanding Awards and payment to the holders of such Awards that are vested as of such cancellation (including, without
limitation, any Awards that would vest as a result of the occurrence of such event but for such cancellation or for which vesting is accelerated
by the Committee in connection with such event pursuant to clause (i) above), the value of such Awards, if any, as determined by
the Committee (which value, if applicable, may be based upon the price per share of Common Stock received or to be received by other stockholders
of the Company in such event), including, without limitation, in the case of an outstanding Option or SAR, a cash payment in an amount
equal to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the shares of Common Stock subject
to such Option or SAR over the aggregate Exercise Price or SAR Base Price of such Option or SAR (it being understood that, in such event,
any Option or SAR having a per share Exercise Price or SAR Base Price equal to, or in excess of, the Fair Market Value of a share of Common
Stock subject thereto may be canceled and terminated without any payment or consideration therefor).

 

     

    17

    

 

For purposes of clause (i) above, an award will be considered
granted in substitution of an Award if it has an equivalent value (as determined consistent with clause (ii) above) with the original
Award, whether designated in securities of the acquiror in such Change in Control transaction (or an Affiliate thereof), or in cash or
other property (including in the same consideration that other stockholders of the Company receive in connection with such Change in Control
transaction), and retains the vesting schedule applicable to the original Award.

 

Payments to holders pursuant to clause (ii) above shall be made
in cash or, in the sole discretion of the Committee, in the form of such other consideration necessary for a Participant to receive property,
cash, or securities (or combination thereof) as such Participant would have been entitled to receive upon the occurrence of the transaction
if the Participant had been, immediately prior to such transaction, the holder of the number of shares of Common Stock covered by the
Award at such time (less any applicable Exercise Price or SAR Base Price).

 

(c)           Other
Requirements. Prior to any payment or adjustment contemplated under this Section 10, the Committee may require a Participant
to (i) represent and warrant as to the unencumbered title to the Participant’s Awards; (ii) bear such Participant’s
pro rata share of any post-closing indemnity obligations, and be subject to the same post-closing purchase price adjustments, escrow terms,
offset rights, holdback terms, and similar conditions as the other holders of Common Stock, subject to any limitations or reductions as
may be necessary to comply with Section 409A of the Code; and (iii) deliver customary transfer documentation as reasonably determined
by the Committee.

 

(d)           Fractional
Shares. Unless otherwise determined by the Committee, any adjustment provided under this Section 10 may provide for the elimination
of any fractional share that might otherwise become subject to an Award.

 

(e)            Binding
Effect. Any adjustment, substitution, determination of value or other action taken by the Committee under this Section 10 shall
be conclusive and binding for all purposes.

 

11.           Amendments
and Termination.

 

(a)            Amendment
and Termination of the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any
time; provided, that no such amendment, alteration, suspension, discontinuance or termination shall be made without stockholder
approval if (i) such approval is required under Applicable Law; (ii) it would materially increase the number of securities which
may be issued under the Plan (except for increases pursuant to Section 6 or 10 of the Plan); or (iii) it would materially modify
the requirements for participation in the Plan; provided, further, that any such amendment, alteration, suspension, discontinuance
or termination that would materially and adversely affect the rights of any Participant or any holder or beneficiary of any Award theretofore
granted shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary. Notwithstanding
the foregoing, no amendment shall be made to Section 11(c) of the Plan without stockholder approval.

 

     

    18

    

 

(b)           Amendment
of Award Agreements. The Committee may, to the extent consistent with the terms of the Plan and any applicable Award Agreement, waive
any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted
or the associated Award Agreement, prospectively or retroactively (including after a Participant’s Termination); provided,
that, other than pursuant to Section 10, any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination
that would materially and adversely affect the rights of any Participant with respect to any Award theretofore granted shall not to that
extent be effective without the consent of the affected Participant.

 

(c)           No
Repricing. Notwithstanding anything in the Plan to the contrary, without stockholder approval, except as otherwise permitted under
Section 10 of the Plan, (i) no amendment or modification may reduce the Exercise Price of any Option or the SAR Base Price of
any SAR; (ii) the Committee may not cancel any outstanding Option or SAR and replace it with a new Option or SAR (with a lower Exercise
Price or SAR Base Price, as the case may be) or other Award or cash payment that is greater than the intrinsic value (if any) of the cancelled
Option or SAR; and (iii) the Committee may not take any other action which is considered a “repricing” for purposes of
the stockholder approval rules of any securities exchange or inter-dealer quotation system on which the securities of the Company
are listed or quoted.

 

12.           General.

 

(a)           Award
Agreements. Each Award under the Plan shall be evidenced by an Award Agreement, which shall be delivered to the Participant to whom
such Award was granted and shall specify the terms and conditions of the Award and any rules applicable thereto, including, without
limitation, the effect on such Award of the death, Disability or Termination of a Participant, or of such other events as may be determined
by the Committee. For purposes of the Plan, an Award Agreement may be in any such form (written or electronic) as determined by the Committee
(including, without limitation, a Board or Committee resolution, an employment agreement, a notice, a certificate or a letter) evidencing
the Award. The Committee need not require an Award Agreement to be signed by the Participant or a duly authorized representative of the
Company.

 

(b)           Nontransferability.

 

(i)             Each
Award shall be exercisable only by such Participant to whom such Award was granted during the Participant’s lifetime, or, if permissible
under Applicable Law, by the Participant’s legal guardian or representative. No Award may be assigned, alienated, pledged, attached,
sold or otherwise transferred or encumbered by a Participant (unless such transfer is specifically required pursuant to a domestic relations
order or by Applicable Law) other than by will or by the laws of descent and distribution and any such purported assignment, alienation,
pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against any member of the Company Group; provided,
that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.

 

     

    19

    

 

(ii)            Notwithstanding
the foregoing, the Committee may, in its sole discretion, permit Awards (other than Incentive Stock Options) to be transferred by a Participant,
without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award Agreement to preserve
the purposes of the Plan, to any person who is a “family member” of the Participant, as such term is used in the instructions
to Form S-8 under the Securities Act or any successor form of registration statement promulgated by the Securities and Exchange Commission
(a “Permitted Transferee”); provided, that the Participant gives the Committee advance written notice describing
the terms and conditions of the proposed transfer and the Committee notifies the Participant in writing that such a transfer would comply
with the requirements of the Plan.

 

(iii)           The
terms of any Award transferred in accordance with clause (ii) above shall apply to the Permitted Transferee and any reference in
the Plan, or in any applicable Award Agreement, to a Participant shall be deemed to refer to the Permitted Transferee, except that (A) Permitted
Transferees shall not be entitled to transfer any Award, other than by will or the laws of descent and distribution; (B) Permitted
Transferees shall not be entitled to exercise any transferred Option unless there shall be in effect a registration statement on an appropriate
form covering the shares of Common Stock to be acquired pursuant to the exercise of such Option if the Committee determines, consistent
with any applicable Award Agreement, that such a registration statement is necessary or appropriate; (C) neither the Committee nor
the Company shall be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been
required to be given to the Participant under the Plan or otherwise; and (D) the consequences of a Participant’s Termination
under the terms of the Plan and the applicable Award Agreement shall continue to be applied with respect to the Participant, including,
without limitation, that an Option shall be exercisable by the Permitted Transferee only to the extent, and for the periods, specified
in the Plan and the applicable Award Agreement.

 

(c)            Dividends
and Dividend Equivalents.

 

(i)             The
Committee may, in its sole discretion, provide a Participant as part of an Award with dividends, dividend equivalents, or similar payments
in respect of Awards, payable in cash, shares of Common Stock, other securities, other Awards or other property, on a current or deferred
basis, on such terms and conditions as may be determined by the Committee in its sole discretion, including, without limitation, payment
directly to the Participant, withholding of such amounts by the Company subject to vesting of the Award or reinvestment in additional
shares of Common Stock, Restricted Stock or other Awards.

 

     

    20

    

 

(ii)            Without
limiting the foregoing, unless otherwise provided in the Award Agreement, any dividend otherwise payable in respect of any share of Restricted
Stock that remains subject to vesting conditions at the time of payment of such dividend shall be retained by the Company and remain subject
to the same vesting conditions as the share of Restricted Stock to which the dividend relates and shall be delivered (without interest)
to the Participant within 15 days following the date on which such restrictions on such Restricted Stock lapse (and the right to any such
accumulated dividends shall be forfeited upon the forfeiture of the Restricted Stock to which such dividends relate).

 

(iii)           To
the extent provided in an Award Agreement, the holder of outstanding Restricted Stock Units shall be entitled to be credited with dividend
equivalent payments (upon the payment by the Company of dividends on shares of Common Stock) either in cash or, in the sole discretion
of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such dividends (and interest may, in the
sole discretion of the Committee, be credited on the amount of cash dividend equivalents at a rate and subject to such terms as determined
by the Committee), which accumulated dividend equivalents (and interest thereon, if applicable) shall be payable at the same time as the
underlying Restricted Stock Units are settled following the date on which the Restricted Period lapses with respect to such Restricted
Stock Units, and if such Restricted Stock Units are forfeited, the Participant shall have no right to such dividend equivalent payments
(or interest thereon, if applicable).

 

(d)           Tax
Withholding.

 

(i)             A
Participant shall be required to pay to the Company or one or more of its Subsidiaries, as applicable, an amount in cash (by check or
wire transfer) equal to the aggregate amount of any income, employment and/or other applicable taxes that are required to be withheld
under Applicable Law in respect of an Award. Alternatively, the Company or any of its Subsidiaries may elect, in its sole discretion,
to satisfy this requirement by withholding such amount from any cash compensation or other cash amounts owing to a Participant.

 

(ii)            Without
limiting the foregoing, the Committee may (but is not obligated to), in its sole discretion, permit or require a Participant to satisfy,
all or any portion of the minimum income, employment and/or other applicable taxes that are required to be withheld under Applicable Law
with respect to an Award by (A) the delivery of shares of Common Stock (which are not subject to any pledge or other security interest)
that have been both held by the Participant and vested for at least six months (or such other period as established from time to time
by the Committee in order to avoid adverse accounting treatment under applicable accounting standards) having an aggregate Fair Market
Value equal to such minimum statutorily required withholding liability (or portion thereof); or (B) having the Company withhold from
the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise be retained by, the Participant upon the grant,
exercise, vesting or settlement of the Award, as applicable, a number of shares of Common Stock with an aggregate Fair Market Value equal
to an amount, subject to clause (iii) below, not in excess of such minimum statutorily required withholding liability (or portion
thereof).

 

     

    21

    

 

(iii)           The
Committee, subject to its having considered the applicable accounting impact of any such determination, has full discretion to allow Participants
to satisfy, in whole or in part, any additional income, employment and/or other applicable taxes payable by them with respect to an Award
by electing to have the Company withhold from the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise
be retained by, a Participant upon the grant, exercise, vesting or settlement of the Award, as applicable, shares of Common Stock having
an aggregate Fair Market Value that is greater than the applicable minimum required statutory withholding liability (but such withholding
may in no event be in excess of the maximum statutory withholding amount(s) in a Participant’s relevant tax jurisdictions).

 

(e)            No
Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Group, or other Person, shall
have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a
grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The
terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same
with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated.
Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or
service of the Service Recipient or any other member of the Company Group, nor shall it be construed as giving any Participant any rights
to continued service on the Board. The Service Recipient or any other member of the Company Group may at any time dismiss a Participant
from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly
provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived
any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award
beyond the period provided under the Plan or any Award Agreement, except to the extent of any provision to the contrary in any written
employment contract or other agreement between the Service Recipient and/or any member of the Company Group and the Participant, whether
any such agreement is executed before, on or after the Date of Grant.

 

(f)            International
Participants. With respect to Participants who reside or work outside of the United States of America, the Committee may, in its sole
discretion, amend the terms of the Plan and create or amend Sub-Plans or amend outstanding Awards with respect to such Participants in
order to permit or facilitate participation in the Plan by such Participants, conform such terms with the requirements of Applicable Law
or to obtain more favorable tax or other treatment for a Participant or any member of the Company Group.

 

(g)           Designation
and Change of Beneficiary. To the extent permitted under Applicable Law and by the Company, each Participant may file with the Committee
a written designation of one or more Persons as the beneficiary(ies) who shall be entitled to receive the amounts payable with respect
to an Award, if any, due under the Plan upon the Participant’s death. A Participant may, from time to time, revoke or change the
Participant’s beneficiary designation without the consent of any prior beneficiary by filing a new designation with the Committee.
The last such designation received by the Committee shall be controlling; provided, however, that no designation, or change or
revocation thereof, shall be effective unless received by the Committee prior to the Participant’s death, and in no event shall
it be effective as of a date prior to such receipt. If no beneficiary designation is filed by a Participant, or in the event the Company
determines that any such designation does not comply with Applicable Law, the beneficiary shall be deemed to be the Participant’s
estate.

 

     

    22

    

 

(h)           Termination.
Except as otherwise provided in an Award Agreement, unless determined otherwise by the Committee at any point following such event: (i) neither
a temporary absence from employment or service due to illness, vacation or leave of absence (including, without limitation, a call to
active duty for military service through a Reserve or National Guard unit) nor a transfer from employment or service with one Service
Recipient to employment or service with another Service Recipient (or vice-versa) shall be considered a Termination; and (ii) if
a Participant undergoes a Termination, but such Participant continues to provide services to the Company Group in a non-employee capacity,
such change in status shall not be considered a Termination for purposes of the Plan. Further, unless otherwise determined by the Committee,
in the event that any Service Recipient ceases to be a member of the Company Group (by reason of sale, divestiture, spin-off or other
similar transaction), unless a Participant’s employment or service is transferred to another entity that would constitute a Service
Recipient immediately following such transaction, such Participant shall be deemed to have suffered a Termination hereunder as of the
date of the consummation of such transaction.

 

(i)            No
Rights as a Stockholder. Except as otherwise specifically provided in the Plan or any Award Agreement, no Person shall be entitled
to the privileges of ownership in respect of shares of Common Stock which are subject to Awards hereunder until such shares have been
issued or delivered to such Person.

 

(j)            Government
and Other Regulations.

 

(i)             The
obligation of the Company to settle Awards in shares of Common Stock or other consideration shall be subject to all Applicable Law. Notwithstanding
any terms or conditions of any Award to the contrary, the Company shall be under no obligation to offer to sell or to sell, and shall
be prohibited from offering to sell or selling, any shares of Common Stock pursuant to an Award unless such shares have been properly
registered for sale pursuant to the Securities Act with the Securities and Exchange Commission (or as otherwise permitted under Applicable
Law) or unless the Company has received an opinion of counsel (if the Company has requested such an opinion), satisfactory to the Company,
that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions
of such exemption have been fully complied with. The Company shall be under no obligation to register for sale under the Securities Act
any of the shares of Common Stock to be offered or sold under the Plan. The Committee shall have the authority to provide that all shares
of Common Stock or other securities of any member of the Company Group issued under the Plan shall be subject to such stop-transfer orders
and other restrictions as the Committee may deem advisable under the Plan, the applicable Award Agreement and Applicable Law, and, without
limiting the generality of Section 8 of the Plan, the Committee may cause a legend or legends to be put on certificates representing
shares of Common Stock or other securities of any member of the Company Group issued under the Plan to make appropriate reference to such
restrictions or may cause such Common Stock or other securities of any member of the Company Group issued under the Plan in book-entry
form to be held subject to the Company’s instructions or subject to appropriate stop-transfer orders. Notwithstanding any provision
in the Plan to the contrary, the Committee reserves the right to add, at any time, any additional terms or provisions to any Award granted
under the Plan that the Committee, in its sole discretion, deems necessary or advisable in order that such Award complies with the legal
requirements of any governmental entity to whose jurisdiction the Award is subject.

 

     

    23

    

 

(ii)            The
Committee may cancel an Award or any portion thereof if it determines, in its sole discretion, that legal or contractual restrictions
and/or blockage and/or other market considerations would make the Company’s acquisition of shares of Common Stock from the public
markets, the Company’s issuance of Common Stock to the Participant, the Participant’s acquisition of Common Stock from the
Company and/or the Participant’s sale of Common Stock to the public markets, illegal, impracticable or inadvisable. If the Committee
determines to cancel all or any portion of an Award in accordance with the foregoing, the Company shall, subject to any limitations or
reductions as may be necessary to comply with Section 409A of the Code, (A) in the case of Options, SARs or other Awards subject
to exercise, pay to the Participant an amount equal to the excess of (I) the aggregate Fair Market Value of the shares of Common
Stock subject to such Award or portion thereof canceled (determined as of the applicable exercise date, or the date that the shares would
have been vested or issued, as applicable); over (II) the aggregate Exercise Price or SAR Base Price (in the case of an Option or
SAR, respectively) or any amount payable as a condition of issuance of shares of Common Stock (in the case of any other Award subject
to exercise), or (B) in the case of Restricted Stock, Restricted Stock Units or Other Equity-Based Awards, provide the Participant
with a cash payment or equity subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Restricted
Stock, Restricted Stock Units or Other Equity-Based Awards, or the underlying shares in respect thereof. Any applicable amounts shall
be delivered to the Participant as soon as practicable following the cancellation of such Award or portion thereof.

 

(k)           No
Section 83(b) Elections Without Consent of Company. No election under Section 83(b) of the Code or under a similar
provision of law may be made unless expressly permitted by the terms of the applicable Award Agreement or by action of the Committee in
writing prior to the making of such election. If a Participant, in connection with the acquisition of shares of Common Stock under the
Plan or otherwise, is expressly permitted to make such election and the Participant makes the election, the Participant shall notify the
Company of such election within 10 days after filing notice of the election with the Internal Revenue Service or other governmental authority,
in addition to any filing and notification required pursuant to Section 83(b) of the Code or other applicable provision.

 

(l)            Payments
to Persons Other Than Participants. If the Committee shall find that any Person to whom any amount is payable under the Plan is unable
to care for the Participant’s affairs because of illness or accident, or is a minor, or has died, then any payment due to such Person
or the Participant’s estate (unless a prior claim therefor has been made by a duly appointed legal representative) may, if the Committee
so directs the Company, be paid to the Participant’s spouse, child, relative, an institution maintaining or having custody of such
Person, or any other Person deemed by the Committee to be a proper recipient on behalf of such Person otherwise entitled to payment. Any
such payment shall be a complete discharge of the liability of the Committee and the Company therefor.

 

     

    24

    

 

(m)          Nonexclusivity
of the Plan. Neither the adoption of the Plan by the Board nor the submission of the Plan to the stockholders of the Company for approval
shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable,
including, without limitation, the granting of equity-based awards otherwise than under the Plan, and such arrangements may be either
applicable generally or only in specific cases.

 

(n)           No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind
or a fiduciary relationship between any member of the Company Group, on the one hand, and a Participant or other Person, on the other
hand. No provision of the Plan or any Award shall require the Company, for the purpose of satisfying any obligations under the Plan, to
purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor
shall the Company be obligated to maintain separate bank accounts, books, records or other evidence of the existence of a segregated or
separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan other than as unsecured
general creditors of the Company, except that insofar as they may have become entitled to payment of additional compensation by performance
of services, they shall have the same rights as other service providers under general law.

 

(o)           Reliance
on Reports. Each member of the Committee and each member of the Board shall be fully justified in acting or failing to act, as the
case may be, and shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent
public accountant of any member of the Company Group and/or any other information furnished in connection with the Plan by any agent of
the Company or the Committee or the Board, other than himself or herself.

 

(p)           Relationship
to Other Benefits. No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement,
profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan or as
required by Applicable Law.

 

(q)           Governing
Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of Delaware applicable to contracts
made and performed wholly within the State of Delaware, without giving effect to the conflict of laws provisions thereof. EACH PARTICIPANT
WHO ACCEPTS AN AWARD IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION, OR OTHER PROCEEDING INSTITUTED BY OR AGAINST
SUCH PARTICIPANT IN RESPECT OF THE PARTICIPANT’S RIGHTS OR OBLIGATIONS UNDER THE PLAN OR ANY APPLICABLE AWARD AGREEMENT. In any
action arising under or relating to this Plan or any applicable Award Agreement, the court shall not have the authority to, and shall
not, conduct a de novo review of any determination made by the Committee or the Company but is instead authorized to determine solely
whether the determination was the result of fraud or bad faith under Delaware law.

 

     

    25

    

 

(r)            Severability.
If any provision of the Plan or any Award or Award Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee,
such provision shall be construed or deemed amended to conform to the Applicable Laws, or if it cannot be construed or deemed amended
without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be construed
or deemed stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force
and effect.

 

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

 

(t)            Section 409A
of the Code.

 

(i)             Notwithstanding
any provision of the Plan to the contrary, it is intended that the provisions of the Plan comply with Section 409A of the Code, and
all provisions of the Plan shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties
under Section 409A of the Code. Each Participant is solely responsible and liable for the satisfaction of all taxes and penalties
that may be imposed on or in respect of such Participant in connection with the Plan (including any taxes and penalties under Section 409A
of the Code), and neither the Service Recipient nor any other member of the Company Group shall have any obligation to indemnify or otherwise
hold such Participant (or any beneficiary) harmless from any or all of such taxes or penalties. With respect to any Award that is considered
 “deferred compensation” subject to Section 409A of the Code, references in the Plan to “termination of employment”
(and substantially similar phrases) shall mean “separation from service” within the meaning of Section 409A of the Code.
For purposes of Section 409A of the Code, each of the payments that may be made in respect of any Award granted under the Plan is
designated as separate payments.

 

(ii)            Notwithstanding
anything in the Plan to the contrary, if a Participant is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of
the Code, no payments in respect of any Awards that are “deferred compensation” subject to Section 409A of the Code and
which would otherwise be payable upon the Participant’s “separation from service” (as defined in Section 409A of
the Code) shall be made to such Participant prior to the date that is six months after the date of such Participant’s “separation
from service” or, if earlier, the date of the Participant’s death. Following any applicable six month delay, all such delayed
payments will be paid in a single lump sum on the earliest date permitted under Section 409A of the Code that is also a business
day.

 

     

    26

    

 

(iii)           Unless
otherwise provided by the Committee in an Award Agreement or otherwise, in the event that the timing of payments in respect of any Award
(that would otherwise be considered “deferred compensation” subject to Section 409A of the Code) would be accelerated
upon the occurrence of (A) a Change in Control, no such acceleration shall be permitted unless the event giving rise to the Change
in Control satisfies the definition of a change in the ownership or effective control of a corporation, or a change in the ownership of
a substantial portion of the assets of a corporation pursuant to Section 409A of the Code; or (B) a Disability, no such acceleration
shall be permitted unless the Disability also satisfies the definition of “Disability” pursuant to Section 409A of the
Code.

 

(iv)           This
Section 12(t) shall only apply with respect to Participants to whom Section 409A of the Code is applicable.

 

(u)           Clawback/Repayment.
All Awards shall be subject to reduction, cancellation, forfeiture or recoupment to the extent necessary to comply with (i) any clawback,
forfeiture or other similar policy adopted by the Board or the Committee and as in effect from time to time; and (ii) Applicable
Law. Further, unless otherwise determined by the Committee, to the extent that the Participant receives any amount in excess of the amount
that the Participant should otherwise have received under the terms of the Award for any reason (including, without limitation, by reason
of a financial restatement, mistake in calculations or other administrative error), the Participant shall be required to repay any such
excess amount to the Company.

 

(v)           Detrimental
Activity. Notwithstanding anything to the contrary contained herein, if a Participant has engaged in any Detrimental Activity, as
determined by the Committee, the Committee may, in its sole discretion, provide for one or more of the following:

 

(i)             cancellation
of any or all of such Participant’s outstanding Awards; or

 

(ii)            forfeiture
by the Participant of any gain realized in respect of Awards, and repayment of any such gain promptly to the Company.

 

(w)          Right
of Offset. The Company will have the right to offset against its obligation to deliver shares of Common Stock (or other property or
cash) under the Plan or any Award Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance
account balances, loans, repayment obligations under any Awards, or amounts repayable to the Company pursuant to tax equalization, housing,
automobile or other employee programs) that the Participant then owes to any member of the Company Group and any amounts the Committee
otherwise deems appropriate pursuant to any tax equalization policy or agreement. Notwithstanding the foregoing, if an Award is “deferred
compensation” subject to Section 409A of the Code, the Committee will have no right to offset against its obligation to deliver
shares of Common Stock (or other property or cash) under the Plan or any Award Agreement if such offset could subject the Participant
to the additional tax imposed under Section 409A of the Code in respect of an outstanding Award.

 

(x)            Expenses;
Titles and Headings. The expenses of administering the Plan shall be borne by the Company Group. The titles and headings of the sections
in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or
headings, shall control.

 

***Exhibit 10.12

 

	SNAP ONE HOLDINGS CORP. 2021 EMPLOYEE STOCK PURCHASE PLAN

 

Article I.

PURPOSE

 

The purposes of this Snap
One Holdings Corp. 2021 Employee Stock Purchase Plan (as it may be amended or restated from time to time, the “Plan”)
are to assist Eligible Employees of Snap One Holdings Corp., a Delaware corporation (the “Company”), and its
Designated Subsidiaries in acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an “employee
stock purchase plan” within the meaning of Section 423(b) of the Code, and to help Eligible Employees provide for their
future security and to encourage them to remain in the employment of the Company and its Designated Subsidiaries.

 

Article II.

DEFINITIONS AND CONSTRUCTION

 

Wherever the following terms
are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun
shall include the plural where the context so indicates. Masculine, feminine and neuter pronouns are used interchangeably and each comprehends
the others.

 

2.1          “Administrator”
shall mean the entity that conducts the general administration of the Plan as provided in Article XI. The term “Administrator”
shall refer to the Committee unless the Board has assumed the authority for administration of the Plan as provided in Article XI.

 

2.2          “Applicable
Law” shall mean the requirements relating to the administration of equity incentive plans under U.S. federal and state securities,
tax and other applicable laws, rules and regulations, the applicable rules of any stock exchange or quotation system on which
the Common Stock is listed or quoted and the applicable laws and rules of any foreign country or other jurisdiction where rights
under this Plan are granted.

 

2.3          “Board”
shall mean the Board of Directors of the Company.

 

2.4          “Change
in Control” shall have the meaning set forth in the Snap One Holdings Corp. 2021 Equity Incentive Plan or any successor
plan thereto, in each case, as amended and/or restated from time to time.

 

2.5          “Code”
shall mean the Internal Revenue Code of 1986, as amended and the regulations issued thereunder.

 

2.6          “Common
Stock” shall mean the common stock of the Company, par value $0.01 per share (and any stock or other securities into which
such Common Stock may be converted or into which it may be exchanged pursuant to Article VIII).

 

2.7          “Company”
shall mean Snap One Holdings Corp., a Delaware corporation, or any successor.

 

     

     

    

 

2.8          “Compensation”
of an Eligible Employee shall mean the gross cash compensation received by such Eligible Employee as compensation for services to the
Company or any Designated Subsidiary, including prior week adjustment, overtime payments, commissions, periodic bonuses, vacation pay
and holiday pay, but excluding jury duty pay, funeral leave pay, military leave pay, one-time bonuses (e.g., retention or sign on bonuses),
education or tuition reimbursements, travel expenses, business and moving reimbursements, income received in connection with any stock
options, stock appreciation rights, restricted stock, restricted stock units or other compensatory equity awards, fringe benefits, other
special payments and all contributions made by the Company or any Designated Subsidiary for the Employee’s benefit under any employee
benefit plan now or hereafter established.

 

2.9          “Designated
Subsidiary” shall mean any Subsidiary designated by the Administrator in accordance with Section 11.3(b).

 

2.10        “Effective
Date” shall mean the date the Plan is approved by the Company's stockholders.

 

2.11        “Eligible
Employee” shall mean an Employee who does not, immediately after any rights under this Plan are granted, own (directly or
through attribution) stock possessing 5% or more of the total combined voting power or value of all classes of Common Stock and other
stock of the Company, a Parent or a Subsidiary (as determined under Section 423(b)(3) of the Code). For purposes of the foregoing
sentence, the rules of Section 424(d) of the Code with regard to the attribution of stock ownership shall apply in determining
the stock ownership of an individual, and stock that an Employee may purchase under outstanding options shall be treated as stock owned
by the Employee; provided, however, that the Administrator may provide in an Offering Document that an Employee shall not
be eligible to participate in an Offering Period if: (a) such Employee is a highly compensated employee within the meaning of Section 423(b)(4)(D) of
the Code, (b) such Employee has not met a service requirement designated by the Administrator pursuant to Section 423(b)(4)(A) of
the Code (which service requirement may not exceed two years), (c) such Employee’s customary employment is for 20 hours or
less per week, (d) such Employee’s customary employment is for less than five months in any calendar year and/or (e) such
Employee is a citizen or resident of a foreign jurisdiction and the grant of a right to purchase Common Stock under the Plan to such Employee
would be prohibited under the laws of such foreign jurisdiction or the grant of a right to purchase Common Stock under the Plan to such
Employee in compliance with the laws of such foreign jurisdiction would cause the Plan to violate the requirements of Section 423
of the Code, as determined by the Administrator in its sole discretion; provided, further, that any exclusion in clauses
(a), (b), (c), (d) or (e) shall be applied in an identical manner under each Offering Period to all Employees, in accordance
with Treasury Regulation Section 1.423-2(e).

 

2.12        “Employee”
shall mean any officer or other employee (as defined in accordance with Section 3401(c) of the Code) of the Company or any Designated
Subsidiary. “Employee” shall not include any director of the Company or a Designated Subsidiary who does not render services
to the Company or a Designated Subsidiary as an employee within the meaning of Section 3401(c) of the Code. For purposes of
the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence
approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-1(h)(2). Where
the period of leave exceeds three months and the individual’s right to reemployment is not guaranteed either by statute or by contract,
the employment relationship shall be deemed to have terminated on the first day immediately following such three-month period.

 

2.13        “Enrollment
Date” shall mean the first Trading Day of each Offering Period, unless otherwise specified in the Offering Document.

 

2.14        “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

    2 

     

    

 

2.15        “Fair
Market Value” shall mean, as of any date, the value of a Share of Common Stock determined as follows: (a) if the Common
Stock is listed on any established stock exchange, its Fair Market Value will be the closing sales price for such Common Stock as quoted
on such exchange for such date, or if no sale occurred on such date, the last day preceding such date during which a sale occurred, as
reported in The Wall Street Journal or another source the Administrator deems reliable; (b) if the Common Stock is not traded
on a stock exchange but is quoted on a national market or other quotation system, the closing sales price on such date, or if no sales
occurred on such date, then on the last date preceding such date during which a sale occurred, as reported in The Wall Street Journal
or another source the Administrator deems reliable; or (c) without an established market for the Common Stock, the Administrator
will determine the Fair Market Value in its discretion.

 

2.16        “Fully-Diluted
Shares” shall mean, as of any given date, (i) shares of Common Stock outstanding on such date, (ii) shares of
Common Stock subject to any Awards (as defined under the Omnibus Incentive Plan) or other compensatory equity awards (including stock
options and restricted stock units) outstanding on such date, with (A) performance-based compensatory equity awards calculated at
the “target” level of performance and (B) shares of Common Stock subject to stock options calculated on a “net
exercised” basis as of the applicable date, assuming shares are surrendered having a Fair Market Value on such date equal to the
exercise price of such options (rounded up to the nearest whole Share, and determined without regard to the vested status of the stock
option) and (iii) shares issuable upon the exercise or settlement of other equity securities with respect to which shares of Common
Stock have not actually been issued and the conversion of all convertible securities into shares of Common Stock, in each case, counted
on an as-converted-to shares of Common Stock basis; provided, however, that (i) shares of Common Stock subject to warrants outstanding
on such date and (ii) shares of Common Stock subject to stock options outstanding on such date with a per share exercise price greater
than the Fair Market Value shall, in each case, not be included in the determination of Fully-Diluted Shares.

 

2.17        “Offering
Document” shall have the meaning given to such term in Section 4.1.

 

2.18        “Offering
Period” shall have the meaning given to such term in Section 4.1.

 

2.19        “Parent”
shall mean any corporation, other than the Company, in an unbroken chain of corporations ending with the Company if, at the time of the
determination, each of the corporations other than the Company owns, directly or indirectly, stock possessing 50% or more of the total
combined voting power of all classes of stock in one of the other corporations in such chain.

 

2.20        “Participant”
shall mean any Eligible Employee who has executed a subscription agreement and been granted rights to purchase Common Stock pursuant to
the Plan.

 

2.21        “Plan”
shall mean this Snap One Holdings Corp. 2021 Employee Stock Purchase Plan, as it may be amended from time to time.

 

2.22        “Purchase
Date” shall mean the last Trading Day of each Purchase Period.

 

2.23        “Purchase
Period” shall refer to one or more periods within an Offering Period, as designated in the applicable Offering Document;
provided, however, that, in the event no Purchase Period is designated by the Administrator in the applicable Offering Document,
the Purchase Period for each Offering Period covered by such Offering Document shall be the same as the applicable Offering Period.

 

    3 

     

    

 

2.24        “Purchase
Price” shall mean the purchase price designated by the Administrator in the applicable Offering Document (which purchase
price shall not be less than 85% of the Fair Market Value of a Share on the Enrollment Date or on the Purchase Date, whichever is lower);
provided, however, that, in the event no purchase price is designated by the Administrator in the applicable Offering Document,
the purchase price for the Offering Periods covered by such Offering Document shall be 85% of the Fair Market Value of a Share on the
Enrollment Date or on the Purchase Date, whichever is lower; provided, further, that the Purchase Price may be adjusted
by the Administrator pursuant to Article VIII and shall not be less than the par value of a Share.

 

2.25        “Securities
Act” shall mean the Securities Act of 1933, as amended.

 

2.26        “Share”
shall mean a share of Common Stock.

 

2.27        “Subsidiary”
shall mean any corporation, other than the Company, in an unbroken chain of corporations beginning with the Company if, at the time of
the determination, each of the corporations other than the last corporation in an unbroken chain owns stock, directly or indirectly, possessing
50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain; provided,
however, that a limited liability company or partnership may be treated as a Subsidiary to the extent either (a) such entity is treated
as a disregarded entity under Treasury Regulation Section 301.7701-3(a) by reason of the Company or any other Subsidiary that
is a corporation being the sole owner of such entity, or (b) such entity elects to be classified as a corporation under Treasury
Regulation Section 301.7701-3(a) and such entity would otherwise qualify as a Subsidiary.

 

2.28        “Trading
Day” shall mean a day on which national stock exchanges in the United States are open for trading.

 

Article III.

SHARES SUBJECT TO THE PLAN

 

3.1          Number
of Shares. Subject to Article VIII, the aggregate number of shares of Common Stock that may be issued pursuant to rights granted
under the Plan shall be 750,000 Shares. In addition to the foregoing, subject to Article VIII, on the first day of each calendar
year beginning on and including January 1, 2022 and ending on and including January 1, 2031, the number of Shares available
for issuance under the Plan shall be increased by that number of Shares equal to the lesser of (a) a number of Shares such that
the aggregate number of shares of Common Stock available for grant under the Plan immediately following such increase shall be equal
to 1% of the number of Fully-Diluted Shares on the final day of the immediately preceding calendar year and (b) such smaller number
of Shares as determined by the Board. If any right granted under the Plan shall for any reason terminate without having been exercised,
the Shares not purchased under such right shall again become available for issuance under the Plan.

 

3.2          Stock
Distributed. Any Common Stock distributed pursuant to the Plan may consist, in whole or in part, of authorized and unissued Common
Stock, treasury stock or Common Stock purchased on the open market.

 

Article IV.

Offering Periods; Offering Documents; Purchase dates

 

4.1          Offering
Periods. The Administrator may from time to time grant or provide for the grant of rights to purchase Shares under the Plan to Eligible
Employees during one or more periods (each, an “Offering Period”) selected by the Administrator. The terms
and conditions applicable to each Offering Period shall be set forth in an “Offering Document” adopted by the
Administrator, which Offering Document shall be in such form and shall contain such terms and conditions as the Administrator shall deem
appropriate. The Administrator shall establish in each Offering Document one or more Purchase Periods during such Offering Period during
which rights granted under the Plan shall be exercised and purchases of Shares carried out during such Offering Period in accordance
with such Offering Document and the Plan. The provisions of separate Offering Periods under the Plan need not be identical.

 

    4 

     

    

 

4.2          Offering Documents. Each
Offering Document with respect to an Offering Period shall specify (through incorporation of the provisions of this Plan by reference
or otherwise):

 

(a)          the
length of the Offering Period, which period shall not exceed 27 months;

 

(b)          the
length of the Purchase Period(s) within the Offering Period;

 

(c)          in
connection with each Offering Period that contains only one Purchase Period the maximum number of Shares that may be purchased by any
Eligible Employee during such Offering Period, which, in the absence of a contrary designation by the Administrator, shall be 2,000 Shares;

 

(d)          in
connection with each Offering Period that contains more than one Purchase Period, the maximum aggregate number of Shares which may be
purchased by any Eligible Employee during each Purchase Period, which, in the absence of a contrary designation by the Administrator,
shall be 1,000 Shares; and

 

(e)          such
other provisions as the Administrator determines are appropriate, subject to the Plan.

 

Article V.

ELIGIBILITY AND PARTICIPATION

 

5.1          Eligibility.
Any Eligible Employee who shall be employed by the Company or a Designated Subsidiary on a given Enrollment Date for an Offering Period
shall be eligible to participate in the Plan during such Offering Period, subject to the requirements of this Article V and the
limitations imposed by Section 423(b) of the Code.

 

5.2          Enrollment
in Plan.

 

(a)          Except
as otherwise set forth herein or in an Offering Document or determined by the Administrator, an Eligible Employee may become a Participant
in the Plan for an Offering Period by delivering a subscription agreement to the Company by such time prior to the Enrollment Date for
such Offering Period (or such other date specified in the Offering Document) designated by the Administrator and in such form as the Company
provides.

 

(b)          Each
subscription agreement shall designate a whole percentage of such Eligible Employee’s Compensation to be withheld by the Company
or the Designated Subsidiary employing such Eligible Employee on each payday during the Offering Period as payroll deductions under the
Plan. The designated percentage may not be less than 1% and may not be more than the maximum percentage specified by the Administrator
in the applicable Offering Document (which percentage shall be 15% in the absence of any such designation). The payroll deductions made
for each Participant shall be credited to an account for such Participant under the Plan and shall be deposited with the general funds
of the Company.

 

    5 

     

    

 

(c)            A
Participant may decrease the percentage of Compensation designated in his or her subscription agreement, subject to the limits of this
Section 5.2, or may suspend his or her payroll deductions, at any time during an Offering Period; provided, however,
that the Administrator may limit the number of changes a Participant may make to his or her payroll deduction elections during each Offering
Period in the applicable Offering Document (and in the absence of any specific designation by the Administrator, a Participant shall be
allowed two decreases and one suspension (but no increases) to his or her payroll deduction elections during each Offering Period with
respect to such Offering Period). Any such change or suspension of payroll deductions shall be effective with the first full payroll period
following ten business days after the Company’s receipt of the new subscription agreement (or such shorter or longer period as may
be specified by the Administrator in the applicable Offering Document). In the event a Participant suspends his or her payroll deductions,
such Participant’s cumulative payroll deductions prior to the suspension shall remain in his or her account and shall be applied
to the purchase of Shares on the next occurring Purchase Date and shall not be paid to such Participant unless he or she withdraws from
participation in the Plan pursuant to Article VII.

 

(d)            Except as otherwise set
forth in Section 5.8 or in an Offering Document or determined by the Administrator, a Participant may participate in the Plan only
by means of payroll deduction and may not make contributions by lump sum payment for any Offering Period.

 

5.3            Payroll
Deductions. Except as otherwise provided in the applicable Offering Document or Section 5.8, payroll deductions for a Participant
shall commence on the first payroll following the Enrollment Date and shall end on the last payroll in the Offering Period to which the
Participant’s authorization is applicable, unless sooner terminated by the Participant as provided in Article VII or suspended
by the Participant or the Administrator as provided in Section 5.2 and Section 5.6, respectively.

 

5.4            Effect
of Enrollment. A Participant’s completion of a subscription agreement will enroll such Participant in the Plan for each subsequent
Offering Period on the terms contained therein until the Participant either submits a new subscription agreement, withdraws from participation
under the Plan as provided in Article VII or otherwise becomes ineligible to participate in the Plan.

 

5.5            Limitation
on Purchase of Common Stock. An Eligible Employee may be granted rights under the Plan only if such rights, together with any other
rights granted to such Eligible Employee under “employee stock purchase plans” of the Company, any Parent or any Subsidiary,
as specified by Section 423(b)(8) of the Code, do not permit such employee’s rights to purchase stock of the Company
or any Parent or Subsidiary to accrue at a rate that exceeds $25,000 of the fair market value of such stock (determined as of the first
day of the Offering Period during which such rights are granted) for each calendar year in which such rights are outstanding at any time.
This limitation shall be applied in accordance with Section 423(b)(8) of the Code.

 

5.6            Suspension
of Payroll Deductions. Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code
and Section 5.5 or the other limitations set forth in this Plan, a Participant’s payroll deductions may be suspended by the
Administrator at any time during an Offering Period. The balance of the amount credited to the account of each Participant that has not
been applied to the purchase of Shares by reason of Section 423(b)(8) of the Code, Section 5.5 or the other limitations
set forth in this Plan shall be paid to such Participant in one lump sum in cash as soon as reasonably practicable after the Purchase
Date.

 

5.7            Foreign
Employees. In order to facilitate participation in the Plan, the Administrator may provide for such special terms applicable to Participants
who are citizens or residents of a foreign jurisdiction, or who are employed by a Designated Subsidiary outside of the United States,
as the Administrator may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Such special
terms may not be more favorable than the terms of rights granted under the Plan to Eligible Employees who are residents of the United
States. Moreover, the Administrator may approve such supplements to, or amendments, restatements or alternative versions of, this Plan
as it may consider necessary or appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any other
purpose. No such special terms, supplements, amendments or restatements shall include any provisions that are inconsistent with the terms
of this Plan as then in effect unless this Plan could have been amended to eliminate such inconsistency without further approval by the
stockholders of the Company.

 

    6 

     

    

 

5.8            Leave of Absence. During
leaves of absence approved by the Company meeting the requirements of Treasury Regulation Section 1.421-1(h)(2) under the Code,
a Participant may continue participation in the Plan by making cash payments to the Company on his or her normal payday equal to his
or her authorized payroll deduction.

 

Article VI.

grant and Exercise of rights

 

6.1            Grant
of Rights. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering Period shall be
granted a right to purchase the maximum number of Shares specified under Section 4.2, subject to the limits in Section 5.5,
and shall have the right to buy, on each Purchase Date during such Offering Period (at the applicable Purchase Price), such number of
whole Shares as is determined by dividing (a) such Participant’s payroll deductions accumulated prior to such Purchase Date
and retained in the Participant’s account as of the Purchase Date, by (b) the applicable Purchase Price (rounded down to the
nearest Share). The right shall expire on the earlier of: (x) the last Purchase Date of such Offering Period, (y) last day
of such Offering Period and (z) the date on which such Participant withdraws in accordance with Section 7.1 or Section 7.3.

 

6.2            Exercise
of Rights. On each Purchase Date, each Participant’s accumulated payroll deductions and any other additional payments specifically
provided for in the applicable Offering Document will be applied to the purchase of whole Shares, up to the maximum number of Shares
permitted pursuant to the terms of the Plan and the applicable Offering Document, at the Purchase Price. No fractional Shares shall be
issued upon the exercise of rights granted under the Plan, unless the Offering Document specifically provides otherwise. Any cash in
lieu of fractional Shares remaining after the purchase of whole Shares upon exercise of a purchase right will be carried forward and
applied toward the purchase of whole Shares for the following Offering Period. Shares issued pursuant to the Plan may be evidenced in
such manner as the Administrator may determine and may be issued in certificated form or issued pursuant to book-entry procedures.

 

6.3            Pro
Rata Allocation of Shares. If the Administrator determines that, on a given Purchase Date, the number of Shares with respect to which
rights are to be exercised may exceed (a) the number of Shares that were available for issuance under the Plan on the Enrollment
Date of the applicable Offering Period, or (b) the number of Shares available for issuance under the Plan on such Purchase Date,
the Administrator may in its sole discretion provide that the Company shall make a pro rata allocation of the Shares available for purchase
on such Enrollment Date or Purchase Date, as applicable, in as uniform a manner as shall be practicable and as it shall determine in
its sole discretion to be equitable among all Participants for whom rights to purchase Shares are to be exercised pursuant to this Article VI
on such Purchase Date, and shall either (i) continue all Offering Periods then in effect, or (ii) terminate any or all Offering
Periods then in effect pursuant to Article IX. The Company may make pro rata allocation of the Shares available on the Enrollment
Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional Shares for
issuance under the Plan by the Company’s stockholders subsequent to such Enrollment Date. The balance of the amount credited to
the account of each Participant that has not been applied to the purchase of Shares shall be paid to such Participant, without interest,
in one lump sum in cash as soon as reasonably practicable after the Purchase Date.

 

    7 

     

    

 

6.4            Withholding.
At the time a Participant’s rights under the Plan are exercised, in whole or in part, or at the time some or all of the Shares
issued under the Plan is disposed of, the Participant must make adequate provision for the Company’s federal, state, or other tax
withholding obligations, if any, that arise upon the exercise of the right or the disposition of the Shares. At any time, the Company
may, but shall not be obligated to, withhold from the Participant’s compensation the amount necessary for the Company to meet applicable
withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable
to sale or early disposition of Shares by the Participant.

 

6.5            Conditions to Issuance of
Common Stock. The Company shall not be required to issue or deliver any certificate or certificates for, or make any book entries
evidencing, Shares purchased upon the exercise of rights under the Plan prior to fulfillment of all of the following conditions:

 

(a)            The
admission of such Shares to listing on all stock exchanges, if any, on which the Common Stock is then listed;

 

(b)            The
completion of any registration or other qualification of such Shares under any state or federal law or under the rulings or regulations
of the Securities and Exchange Commission or any other governmental regulatory body, that the Administrator shall, in its absolute discretion,
deem necessary or advisable;

 

(c)            The
obtaining of any approval or other clearance from any state or federal governmental agency that the Administrator shall, in its absolute
discretion, determine to be necessary or advisable;

 

(d)            The
payment to the Company of all amounts that it is required to withhold under federal, state or local law upon exercise of the rights, if
any; and

 

(e)            The
lapse of such reasonable period of time following the exercise of the rights as the Administrator may from time to time establish for
reasons of administrative convenience.

 

Article VII.

WITHDRAWAL; CESSATION OF ELIGIBILITY

 

7.1            Withdrawal.
A Participant may withdraw all but not less than all of the payroll deductions credited to his or her account and not yet used to exercise
his or her rights under the Plan at any time by giving written notice to the Company in a form acceptable to the Company no later than
two weeks prior to the end of the Offering Period or, if earlier, the end of the Purchase Period (or such shorter or longer period as
may be specified by the Administrator in the Offering Document). All of the Participant’s payroll deductions credited to his or
her account during the Offering Period not yet used to exercise his or her rights under the Plan shall be paid to such Participant as
soon as reasonably practicable after receipt of notice of withdrawal and such Participant’s rights for the Offering Period shall
be automatically terminated, and no further payroll deductions for the purchase of Shares shall be made for such Offering Period. If
a Participant withdraws from an Offering Period, payroll deductions shall not resume at the beginning of the next Offering Period unless
the Participant is an Eligible Employee and timely delivers to the Company a new subscription agreement.

 

7.2            Future
Participation. A Participant’s withdrawal from an Offering Period shall not have any effect upon his or her eligibility to
participate in any similar plan that may hereafter be adopted by the Company or a Designated Subsidiary or in subsequent Offering Periods
that commence after the termination of the Offering Period from which the Participant withdraws.

 

7.3            Cessation
of Eligibility. Upon a Participant’s ceasing to be an Eligible Employee for any reason, he or she shall be deemed to have elected
to withdraw from the Plan pursuant to this Article VII and the payroll deductions credited to such Participant’s account during
the Offering Period shall be paid to such Participant or, in the case of his or her death, to the person or persons entitled thereto
under Section 12.4, as soon as reasonably practicable, and such Participant’s rights for the Offering Period shall be automatically
terminated.

 

    8 

     

    

 

Article VIII.

Adjustments upon Changes in Stock

 

8.1            Changes
in Capitalization. Subject to Section 8.3, in the event that the Administrator determines that any dividend or other distribution
(whether in the form of cash, Common Stock, other securities, or other property), Change in Control, reorganization, merger, amalgamation,
consolidation, combination, repurchase, recapitalization, liquidation, dissolution, or sale, transfer, exchange or other disposition
of all or substantially all of the assets of the Company, or sale or exchange of Common Stock or other securities of the Company, issuance
of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event,
as determined by the Administrator, affects the Common Stock such that an adjustment is determined by the Administrator to be appropriate
in order to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under
the Plan or with respect to any outstanding purchase rights under the Plan, the Administrator shall make equitable adjustments, if any,
to reflect such change with respect to (a) the aggregate number and type of Shares (or other securities or property) that may be
issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 and the limitations established
in each Offering Document pursuant to Section 4.2 on the maximum number of Shares that may be purchased); (b) the class(es)
and number of Shares and price per Share subject to outstanding rights; and (c) the Purchase Price with respect to any outstanding
rights.

 

8.2            Other
Adjustments. Subject to Section 8.3, in the event of any transaction or event described in Section 8.1 or any unusual or
nonrecurring transactions or events affecting the Company, any affiliate of the Company, or the financial statements of the Company or
any affiliate (including without limitation any Change in Control), or of changes in Applicable Law or accounting principles, the Administrator,
in its discretion, and on such terms and conditions as it deems appropriate, is hereby authorized to take any one or more of the following
actions whenever the Administrator determines that such action is appropriate in order to prevent the dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan or with respect to any right under the Plan, to facilitate
such transactions or events or to give effect to such changes in laws, regulations or principles:

 

(a)            To
provide for either (i) termination of any outstanding right in exchange for an amount of cash, if any, equal to the amount that would
have been obtained upon the exercise of such right had such right been currently exercisable or (ii) the replacement of such outstanding
right with other rights or property selected by the Administrator in its sole discretion;

 

(b)            To
provide that the outstanding rights under the Plan shall be assumed by the successor or survivor corporation, or a parent or subsidiary
thereof, or shall be substituted for by similar rights covering the stock of the successor or survivor corporation, or a parent or subsidiary
thereof, with appropriate adjustments as to the number and kind of shares and prices;

 

(c)            To
make adjustments in the number and type of Shares (or other securities or property) subject to outstanding rights under the Plan and/or
in the terms and conditions of outstanding rights and rights that may be granted in the future;

 

(d)            To
provide that Participants’ accumulated payroll deductions may be used to purchase Common Stock prior to the next occurring Purchase
Date on such date as the Administrator determines in its sole discretion and the Participants’ rights under the ongoing Offering
Period(s) shall be terminated; and

 

    9 

     

    

 

(e)            To
provide that all outstanding rights shall terminate without being exercised.

 

 

8.3            No Adjustment Under Certain
Circumstances. No adjustment or action described in this Article VIII or in any other provision of the Plan shall be authorized
to the extent that such adjustment or action would cause the Plan to fail to satisfy the requirements of Section 423 of the Code.

 

8.4            No
Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation
of shares of stock of any class, the payment of any dividend, any increase or decrease in the number of shares of stock of any class
or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly provided in the
Plan or pursuant to action of the Administrator under the Plan, no issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number
of Shares subject to outstanding rights under the Plan or the Purchase Price with respect to any outstanding rights.

 

Article IX.

Amendment, modification and termination

 

9.1            Amendment,
Modification and Termination. The Administrator may amend, suspend or terminate the Plan at any time and from time to time; provided,
however, that approval of the Company’s stockholders shall be required to amend the Plan to: (a) increase the aggregate
number, or change the type, of shares that may be sold pursuant to rights under the Plan under Section 3.1 (other than an adjustment
as provided by Article VIII); (b) change the Plan in any manner that would be considered the adoption of a new plan within
the meaning of Treasury Regulation Section 1.423-2(c)(4); or (c) change the Plan in any manner that would cause the Plan to
no longer be an “employee stock purchase plan” within the meaning of Section 423(b) of the Code.

 

9.2            Certain
Changes to Plan. Without stockholder consent and without regard to whether any Participant rights may be considered to have been
adversely affected, to the extent permitted by Section 423 of the Code, the Administrator shall be entitled to change or terminate
the Offering Periods, limit the frequency and/or number of changes in the amount withheld from Compensation during an Offering Period,
establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess
of the amount designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of payroll withholding
elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied
toward the purchase of Common Stock for each Participant properly correspond with amounts withheld from the Participant’s Compensation,
and establish such other limitations or procedures as the Administrator determines in its sole discretion to be advisable that are consistent
with the Plan.

 

9.3            Actions
In the Event of Unfavorable Financial Accounting Consequences. In the event the Administrator determines that the ongoing operation
of the Plan may result in unfavorable financial accounting consequences, the Administrator may, in its discretion and, to the extent
necessary or desirable, modify or amend the Plan to reduce or eliminate such accounting consequence including, but not limited to:

 

(a)            altering
the Purchase Price for any Offering Period including an Offering Period underway at the time of the change in Purchase Price;

 

(b)            shortening
any Offering Period so that the Offering Period ends on a new Purchase Date, including an Offering Period underway at the time of the
Administrator action; and

 

    10 

     

    

 

(c)            allocating
Shares.

 

Such modifications or amendments shall not require stockholder
approval or the consent of any Participant.

 

9.4            Payments
Upon Termination of Plan. Upon termination of the Plan, the balance in each Participant’s Plan account shall be refunded as
soon as practicable after such termination, without any interest thereon.

 

Article X.

TERM OF PLAN

 

The Plan shall be effective
on the Effective Date. The effectiveness of the Plan shall be subject to approval of the Plan by the stockholders of the Company within
12 months following the date the Plan is first approved by the Board. No right may be granted under the Plan prior to such stockholder
approval. No rights may be granted under the Plan during any period of suspension of the Plan or after termination of the Plan.

 

Article XI.

ADMINISTRATION

 

11.1          Administrator.
Unless otherwise determined by the Board, the Administrator of the Plan shall be the Compensation Committee of the Board (or another
committee or a subcommittee of the Board to which the Board delegates administration of the Plan) (such committee, the “Committee”).
The Board may at any time vest in the Board any authority or duties for administration of the Plan.

 

11.2          Action
by the Administrator. Unless otherwise established by the Board or in any charter of the Administrator, a majority of the Administrator
shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present and, subject to
Applicable Law and the Bylaws of the Company, acts approved in writing by a majority of the Administrator in lieu of a meeting, shall
be deemed the acts of the Administrator. Each member of the Administrator is entitled to, in good faith, rely or act upon any report
or other information furnished to that member by any officer or other employee of the Company or any Designated Subsidiary, the Company’s
independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist
in the administration of the Plan.

 

11.3          Authority
of Administrator. The Administrator shall have the power, subject to, and within the limitations of, the express provisions of the
Plan:

 

(a)            To
determine when and how rights to purchase Shares shall be granted and the provisions of each offering of such rights (which need not be
identical).

 

(b)            To
designate from time to time which Subsidiaries of the Company shall be Designated Subsidiaries, which designation may be made without
the approval of the stockholders of the Company.

 

(c)            To
construe and interpret the Plan and rights granted under it, and to establish, amend and revoke rules and regulations for its administration.
The Administrator, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to the
extent it shall deem necessary or expedient to make the Plan fully effective.

 

(d)            To
amend, suspend or terminate the Plan as provided in Article IX.

 

    11 

     

    

 

(e)            Generally,
to exercise such powers and to perform such acts as the Administrator deems necessary or expedient to promote the best interests of the
Company and its Subsidiaries and to carry out the intent that the Plan be treated as an “employee stock purchase plan” within
the meaning of Section 423 of the Code.

 

11.4          Decisions Binding. The
Administrator’s interpretation of the Plan, any rights granted pursuant to the Plan, any subscription agreement and all decisions
and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all parties.

 

Article XII.

MISCELLANEOUS

 

12.1          Restriction
upon Assignment. A right granted under the Plan shall not be transferable other than
by will or the Applicable Laws of descent and distribution, and is exercisable during the Participant’s lifetime only by the Participant.
Except as provided in Section 12.4 hereof, a right under the Plan may not be exercised to any extent except by the Participant.
The Company shall not recognize and shall be under no duty to recognize any assignment or alienation of the Participant’s interest
in the Plan, the Participant’s rights under the Plan or any rights thereunder.

 

12.2          Rights
as a Stockholder. With respect to Shares subject to a right granted under the Plan, a Participant shall not be deemed to be a stockholder
of the Company, and the Participant shall not have any of the rights or privileges of a stockholder, until such Shares have been issued
to the Participant or his or her nominee following exercise of the Participant’s rights under the Plan. No adjustments shall be
made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which
the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein or as determined by the Administrator.

 

12.3          Interest.
No interest shall accrue on the payroll deductions or contributions of a Participant under the Plan.

 

12.4          Designation
of Beneficiary.

 

(a)            A
Participant may, in the manner determined by the Administrator, file a written designation of a beneficiary who is to receive any Shares
and/or cash, if any, from the Participant’s account under the Plan in the event of such Participant’s death subsequent to
a Purchase Date on which the Participant’s rights are exercised but prior to delivery to such Participant of such Shares and cash.
In addition, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s account
under the Plan in the event of such Participant’s death prior to exercise of the Participant’s rights under the Plan. If the
Participant is married and resides in a community property state, a designation of a person other than the Participant’s spouse
as his or her beneficiary shall not be effective without the prior written consent of the Participant’s spouse.

 

(b)            Such
designation of beneficiary may be changed by the Participant at any time by written notice to the Company. In the event of the death of
a Participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant’s
death, the Company shall deliver such Shares and/or cash to the executor or administrator of the estate of the Participant, or if no such
executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such Shares
and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is
known to the Company, then to such other person as the Company may designate.

 

    12 

     

    

 

12.5          Notices.
All notices or other communications by a Participant to the Company under or in connection with the Plan shall be deemed to have been
duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt
thereof.

 

12.6          Equal Rights and Privileges.
Subject to Section 5.7, all Eligible Employees will have equal rights and privileges under this Plan so that this Plan qualifies
as an “employee stock purchase plan” within the meaning of Section 423 of the Code. Subject to Section 5.7, any
provision of this Plan that is inconsistent with Section 423 of the Code will, without further act or amendment by the Company,
the Board or the Administrator, be reformed to comply with the equal rights and privileges requirement of Section 423 of the Code.

 

12.7          Use
of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose,
and the Company shall not be obligated to segregate such payroll deductions.

 

12.8          Reports.
Statements of account shall be given to Participants at least annually, which statements shall set forth the amounts of payroll deductions,
the Purchase Price, the number of Shares purchased and the remaining cash balance, if any.

 

12.9          No
Employment Rights. Nothing in the Plan shall be construed to give any person (including any Eligible Employee or Participant) the
right to employment or service with (or to remain in the employ of) the Company or any Parent or Subsidiary thereof or affect the right
of the Company or any Parent or Subsidiary thereof to terminate the employment of any person (including any Eligible Employee or Participant)
at any time, with or without cause.

 

12.10        Notice
of Disposition of Shares. Each Participant shall give prompt notice to the Company of any disposition or other transfer of any Shares
purchased upon exercise of a right under the Plan if such disposition or transfer is made: (a) within two years from the Enrollment
Date of the Offering Period in which the Shares were purchased or (b) within one year after the Purchase Date on which such Shares
were purchased. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property,
assumption of indebtedness or other consideration, by the Participant in such disposition or other transfer.

 

12.11        Governing
Law. The Plan and any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of
Delaware without regard to conflicts of laws thereof or of any other jurisdiction.

 

12.12        Electronic
Forms. To the extent permitted by Applicable Law and in the discretion of the Administrator, an Eligible Employee may submit any
form or notice as set forth herein by means of an electronic form approved by the Administrator. Before the commencement of an Offering
Period, the Administrator shall prescribe the time limits within which any such electronic form shall be submitted to the Administrator
with respect to such Offering Period in order to be a valid election.

 

*     *     *     *     *

 

    13

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