Document:

Exhibit 10.6

 

Galaxy Digital Holdings Ltd.

 

Long Term Incentive Plan Share Unit Agreement

 

This Long Term Incentive Plan Share Unit Agreement (the “Agreement”)
confirms the grant by Galaxy Digital Holdings Ltd. of Share Units in the form of RSUs, which represent the right of the Participant to
receive, subject to the satisfaction of certain conditions, either (a) Shares, (b) a cash settlement or (c) a combination thereof, in
an amount determined in accordance with this Agreement and pursuant to the Galaxy Digital Holdings Ltd. Long Term Incentive Plan, as
such may be amended from time to time in accordance with its terms (the “Plan,” or “LTIP”). All capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Plan.

 

Participant:

Global ID:

Award Type:

Plan Name:

 

Award Date:

Award Expiration Date:

 

Total Granted:

Award Price:

 

Vesting Schedule

 

	Shares/Options
    Awarded	Vest
    Date
	 	 
	 	 
	 	 
	 	 

 

Subject to the terms of the Plan, and except as otherwise provided
in the Plan (including, without limitation, Section 5 and Section 6 of the Plan) or, if applicable, in the Participant’s written
employment agreement, offer letter or consulting agreement with the Corporation or an Affiliate, in order to Vest in all or any portion
of the RSUs, the Participant must remain Employed (which includes any term of office or service with the Corporation or an Affiliate),
and not have Terminated, prior to the applicable Vesting Date.

 

    

     

    

 

Participant Acknowledgement

 

The
Participant acknowledges that:

 

		1.	The Participant (i) has received and
                                            reviewed a copy of the Plan, (ii) agrees to be subject to, and bound by, the terms of the
                                            Plan and (iii) agrees that the Participant’s abovementioned participation is voluntary
                                            and has not been induced by expectation of engagement, appointment, Employment, continued
                                            engagement or continued Employment, as the case may be.

 

		2.	The Board shall have the authority in its sole and absolute discretion
                                            to administer the Plan and to exercise all the powers and authorities either specifically
                                            granted to it under the Plan or necessary or advisable in the administration of the Plan,
                                            subject to and not inconsistent with the express provisions of this Plan. Subject to the
                                            Plan, any Grant made pursuant to the Plan may be amended, modified or terminated by the Board;
                                            provided, that no amendment to the Plan or Grants made pursuant to the Plan may be made without
                                            the consent of a Participant if it adversely alters or impairs the rights of the Participant
                                            in respect of any Grant previously granted to such Participant under the Plan, except that
                                            Participant consent shall not be required where the amendment is required for purposes of
                                            compliance with Applicable Law. The Board may, in its discretion, subject to Applicable Law,
                                            and the terms of the Plan, delegate its powers, rights and duties under the Plan.

 

		3.	Any Award Price and/or the Aggregate Grant Value set forth in this Agreement
                                            are for informational purposes only, and are not a promise or guaranty of any current or
                                            future value with respect to the Grant or the Share Units

 

		4.	The terms and provisions of Participants’ Grant Agreements need not
                                            be identical.

 

		5.	The Share Units have been granted to
                                            the Participant under the Plan and are subject to all of the terms and conditions of the
                                            Plan to the same effect as if all of such terms and conditions were set forth in this Agreement,
                                            except as expressly modified by this Agreement in accordance with the Plan; provided, that
                                            any Award Expiration Date set forth in this Agreement shall not apply to the Share Units
                                            granted under this Agreement.

 

		6.	The Participant agrees that in accordance with the provisions of the Plan,
                                            the Corporation or an Affiliate will be able to comply with the applicable obligations under
                                            any federal, provincial, state or local law relating to the withholding of tax or other required
                                            deductions, and the Corporation or an Affiliate shall withhold or cause to be withheld from
                                            any amount payable to a Participant, either under this Plan, or otherwise, such amount as
                                            may be necessary to permit the Corporation or an Affiliate to so comply. The Corporation
                                            and any Affiliate may also satisfy any liability for any such withholding obligations, on
                                            such terms and conditions as the Corporation may determine in its sole discretion, by (a)
                                            selling on such Participant’s behalf, or requiring such Participant to sell, any Shares,
                                            and retaining any amount payable which would otherwise be provided or paid to such Participant
                                            in connection with any such sale, or (b) requiring, as a condition to the delivery of Shares
                                            hereunder, that such Participant make such arrangements as the Corporation may require so
                                            that the Corporation and its Affiliates can satisfy such withholding obligations, including
                                            requiring such Participant to remit an amount to the Corporation or an Affiliate in advance,
                                            or reimburse the Corporation or any Affiliate for, any such withholding obligations. Notwithstanding
                                            the foregoing, the Board may provide for other methods of withholding in any Grant Agreement
                                            or as otherwise determined by the Board.

 

    

     

    

 

		7.	The Plan and this Agreement are intended
                                            to comply with Section 409A of the Code, and they will be construed and administered in a
                                            manner consistent with avoiding taxes and penalties under Section 409A of the Code. Notwithstanding
                                            the foregoing, neither the Corporation, nor the Board nor any person connected with the Plan
                                            make any representation, commitment or guaranty of the tax treatment of the Share Units,
                                            and Participant remains solely liable for all taxes, penalties and interest that may arise
                                            in connection with the Share Units.

 

		8.	The Participant consents to the holding and processing of personal data
                                            provided by the Participant to the Corporation or to any third party service provider for
                                            all purposes relating to the operation of the Plan, including (i) administering and maintaining
                                            records of the Participant; (ii) providing information to the Corporation, its agents, and
                                            any third party administrators of the Plan; and (iii) transferring information about the
                                            Participant to a country or territory outside his or her home country that may not provide
                                            the same statutory protection for the information as the Participant’s home country.

 

		9.	The Share Units do not carry any voting
                                            rights.

 

		10.	The adoption of the Plan and any reservation
                                            of Shares or cash amounts by the Corporation to discharge its obligations thereunder or hereunder
                                            shall not be deemed to create a trust or other funded arrangement. Except upon the issuance
                                            of any Shares pursuant to a Grant, any rights of a Participant under the Plan shall be those
                                            of a general unsecured creditor of the Corporation, and neither a Participant nor the Participant’s
                                            permitted transferees or estate shall have any other interest in any assets of the Corporation
                                            or any Affiliate by virtue of the Plan.

 

		11.	(i) Until such time as determined
                                            otherwise by Corporation, any Share Unit issued pursuant to this Grant may, at the election
                                            of the Corporation, be settled in cash rather than Shares if, at the time of settlement,
                                            the Participant is neither a “knowledgeable employee” within the meaning of the
                                            U.S. Investment Company Act of 1940, as amended, and the rules, regulations and interpretations
                                            of the U.S. Securities and Exchange Commission (the “SEC”) thereunder
                                            (the “Investment Company Act”), or a “qualified purchaser”
                                            within the meaning of the Investment Company Act, and (ii) the Corporation, in its sole discretion,
                                            may issue any such Shares subject to restrictions on transferability if the Corporation determines,
                                            in its sole discretion, that the absence of such restrictions could result in the Corporation
                                            being an unregistered “investment company” that would be required to register
                                            with the SEC under the Investment Company Act.

 

		12.	The Participant agrees that if the
                                            Participant is an Executive Officer, without prior written approval of the Toronto Stock
                                            Exchange and compliance with all applicable securities legislation, the securities represented
                                            by this Agreement and the securities issuable upon the settlement hereof, if settled prior
                                            to the four (4) month anniversary of the Grant Date, may not be sold, transferred, hypothecated
                                            or otherwise traded on or through the facilities of the Toronto Stock Exchange or otherwise
                                            in Canada or to or for the benefit of a Canadian resident until such four (4) month anniversary
                                            of the Grant Date.

 

This Agreement shall be binding upon and enure to
the benefit of the Corporation, its successors and assigns and the Participant and any other person who acquires the Participant’s
rights in respect of the Share Units granted hereunder pursuant to Applicable Laws and the terms of the Plan.Exhibit 10.7

 

Galaxy Digital Holdings Ltd.

 

Long Term Incentive Plan Option Agreement

 

This Long Term Incentive Plan Option Agreement (the “Agreement”)
confirms the grant by Galaxy Digital Holdings Ltd. of such number of Options as set out in this Agreement. Options granted under this
Agreement represent the right of the Participant to purchase, on the terms provided herein and in accordance with this Agreement and
pursuant to the Galaxy Digital Holdings Ltd. Long Term Incentive Plan, as such may be amended from time to time in accordance with its
terms (the “Plan,” or “LTIP”), a Share at the Exercise Price set out in this Agreement. All capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Plan. Unless otherwise specified herein, all references
to money amounts are to Canadian currency.

 

Participant:

Global ID:

Award Type

Plan Name:

 

Award Date:

Award Expiration Date:

 

Total Granted:

Award Price:

 

Vesting Schedule

 

	Shares/Options
    Awarded	Vest
    Date
	 	 
	 	 
	 	 
	 	 

 

Subject to the terms of the Plan, and except as otherwise provided
in the Plan (including, without limitation, Section 5 and Section 6 of the Plan) or, if applicable, in the Participant’s written
employment agreement, offer letter or consulting agreement with the Corporation or an Affiliate, in order to Vest in all or any portion
of the Option, the Participant must remain Employed (which includes any term of office or service with the Corporation or an Affiliate),
and not have Terminated, prior to the applicable Vesting Date

 

    

     

    

 

Participant Acknowledgement

 

The
Participant acknowledges that:

 

		1.	The Participant (i) has received and
                                            reviewed a copy of the Plan, (ii) agrees to be subject to, and bound by, the terms of the
                                            Plan and (iii) agrees that the Participant’s abovementioned participation is voluntary
                                            and has not been induced by expectation of engagement, appointment, Employment, continued
                                            engagement or continued Employment, as the case may be.

 

		2.	The Board shall have the authority in its sole and absolute discretion
                                            to administer the Plan and to exercise all the powers and authorities either specifically
                                            granted to it under the Plan or necessary or advisable in the administration of the Plan,
                                            subject to and not inconsistent with the express provisions of this Plan. Subject to the
                                            Plan, any Grant made pursuant to the Plan may be amended, modified or terminated by the Board;
                                            provided, that no amendment to the Plan or Grants made pursuant to the Plan may be made without
                                            the consent of a Participant if it adversely alters or impairs the rights of the Participant
                                            in respect of any Grant previously granted to such Participant under the Plan, except that
                                            Participant consent shall not be required where the amendment is required for purposes of
                                            compliance with Applicable Law. The Board may, in its discretion, subject to Applicable Law,
                                            and the terms of the Plan, delegate its powers, rights and duties under the Plan.

 

		3.	The terms and provisions of Participants’ Grant Agreements need not
                                            be identical.

 

		4.	The Options have been granted to the Participant under the Plan and are
                                            subject to all of the terms and conditions of the Plan to the same effect as if all of such
                                            terms and conditions were set forth in this Agreement, except as expressly modified by this
                                            Agreement in accordance with the Plan.

 

		5.	The Participant agrees that in accordance with the provisions of the Plan,
                                            the Corporation or an Affiliate will be able to comply with the applicable obligations under
                                            any federal, provincial, state or local law relating to the withholding of tax or other required
                                            deductions, and the Corporation or an Affiliate shall withhold or cause to be withheld from
                                            any amount payable to a Participant, either under this Plan, or otherwise, such amount as
                                            may be necessary to permit the Corporation or an Affiliate to so comply. The Corporation
                                            and any Affiliate may also satisfy any liability for any such withholding obligations, on
                                            such terms and conditions as the Corporation may determine in its sole discretion, by (a)
                                            selling on such Participant’s behalf, or requiring such Participant to sell, any Shares,
                                            and retaining any amount payable which would otherwise be provided or paid to such Participant
                                            in connection with any such sale, or (b) requiring, as a condition to the delivery of Shares
                                            hereunder, that such Participant make such arrangements as the Corporation may require so
                                            that the Corporation and its Affiliates can satisfy such withholding obligations, including
                                            requiring such Participant to remit an amount to the Corporation or an Affiliate in advance,
                                            or reimburse the Corporation or any Affiliate for, any such withholding obligations. Notwithstanding
                                            the foregoing, the Board may provide for other methods of withholding in any Grant Agreement
                                            or as otherwise determined by the Board.

 

		6.	The Plan and this Agreement are intended to comply with Section 409A of
                                            the Code, and they will be construed and administered in a manner consistent with avoiding
                                            taxes and penalties under Section 409A of the Code. Notwithstanding the foregoing, neither
                                            the Corporation, nor the Board nor any person connected with the Plan make any representation,
                                            commitment or guaranty of the tax treatment of the Options, and
Participant remains solely liable for all taxes, penalties and interest that may arise in connection with the Options.

 

    

     

    

 

		7.	The Participant consents to the holding and processing of personal data
                                            provided by the Participant to the Corporation or to any third party service provider for
                                            all purposes relating to the operation of the Plan, including (i) administering and maintaining
                                            records of the Participant; (ii) providing information to the Corporation, its agents, and
                                            any third party administrators of the Plan; and (iii) transferring information about the
                                            Participant to a country or territory outside his or her home country that may not provide
                                            the same statutory protection for the information as the Participant’s home country.

 

		8.	The Options do not carry any voting
                                            rights.

 

		9.	The adoption of the Plan and any reservation
                                            of Shares or cash amounts by the Corporation to discharge its obligations thereunder or hereunder
                                            shall not be deemed to create a trust or other funded arrangement. Except upon the issuance
                                            of any Shares pursuant to a Grant, any rights of a Participant under the Plan shall be those
                                            of a general unsecured creditor of the Corporation, and neither a Participant nor the Participant’s
                                            permitted transferees or estate shall have any other interest in any assets of the Corporation
                                            or any Affiliate by virtue of the Plan.

 

		10.	(i) Until such time as determined
                                            otherwise by Corporation, any Option issued pursuant to this Grant may, at the election of
                                            the Corporation, be settled in cash rather than Shares if, at the time of settlement, the
                                            Participant is neither a “knowledgeable employee” within the meaning of the U.S.
                                            Investment Company Act of 1940, as amended, and the rules, regulations and interpretations
                                            of the U.S. Securities and Exchange Commission (the “SEC”) thereunder
                                            (the “Investment Company Act”), or a “qualified purchaser”
                                            within the meaning of the Investment Company Act, and (ii) the Corporation, in its sole discretion,
                                            may issue any such Shares subject to restrictions on transferability if the Corporation determines,
                                            in its sole discretion, that the absence of such restrictions could result in the Corporation
                                            being an unregistered “investment company” that would be required to register
                                            with the SEC under the Investment Company Act.

 

		11.	The Participant agrees that if the
                                            Participant is an Executive Officer, without prior written approval of the Toronto Stock
                                            Exchange and compliance with all applicable securities legislation, the securities represented
                                            by this Agreement and the securities issuable upon the exercise hereof, if exercised prior
                                            to the four (4) month anniversary of the Grant Date, may not be sold, transferred, hypothecated
                                            or otherwise traded on or through the facilities of the Toronto Stock Exchange or otherwise
                                            in Canada or to or for the benefit of a Canadian resident until such four (4) month anniversary
                                            of the Grant Date.

 

This Agreement shall be binding upon and enure to
the benefit of the Corporation, its successors and assigns and the Participant and any other person who acquires the Participant’s
rights in respect of the Options granted hereunder pursuant to Applicable Laws and the terms of the Plan.

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