Document:

EX-10.16

 Exhibit 10.16 

FORM OF 
 SUNTX CPI
GROWTH COMPANY, INC. 
 NON-PLAN STOCK OPTION AGREEMENT 

This Non-Plan Stock Option Agreement, dated as of March 31, 2010 (this
“Agreement”), is made and entered into by and between SunTx CPI Growth Company, Inc., a Delaware corporation (the “Company”), and the undersigned Optionee. All capitalized terms used but not otherwise
defined in this Agreement shall have the meaning assigned to them in the attached Appendix. 
 1. Grant of Option. The Company hereby
grants to Optionee, as of the Grant Date and subject to all of the terms and conditions of this Agreement, a Non-Statutory Option (hereinafter, the “Option”) to purchase up to the
number of Option Shares set forth below at the Exercise Price. The Option shall become vested in accordance with Section 2 of this Agreement and thereafter, shall be exercisable, in whole or in part, at any time and from
time to time during the Option Period. The Option is granted in accordance with the following terms: 
  

			
	 (a) Optionee:
	  	[                                    ]
	 (b) Grant Date:
	  	March 31, 2010
	 (c) Number of Class I Option Shares:
	  	[        ]
	 (d) Number of Class II Option Shares:
	  	[        ]
	 (e) Exercise Price:
	  	$143.60 per share
	 (f) Type of Option:
	  	Non-Statutory Stock Option
	 (g) Expiration Date:
	  	March31, 2017.

 2. Vesting. Unless expired as provided in Section 3 of this Agreement, the
Option shall vest as follows: 
 (a) One-third of the Option Shares shall vest and become
exercisable on December 31, 2010; and 
 (b) One-third of the Option Shares shall vest and
become exercisable on December 31, 2011; and 
 (c) the remaining one-third of the Option
Shares shall vest and become exercisable on December 31, 2012; 
 provided, however, that the Option shall become fully vested if, During
Optionee’s Continous Service (i) the Company consummates a merger or consolidation with an unaffiliated third party, (ii) the Company sells all or substantially all of its assets to an unaffiliated third party or (iii) all of the
outstanding capital stock of the Company is sold to an unaffiliated third party (each, a “Liquidity Event”), provided that each such Liquidity Event is approved by the Board and stockholders of the Company; provided,
further, that a transaction shall not constitute a Liquidity 

  
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Event if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportion by the persons who held
the Company’s securities immediately before such transaction. If Optionee’s Continuous Service is terminated by the Company or an affiliate of the Company for cause, the Option (whether or not vested) will expire on the date of
Optionee’s termination of Continuous Service (the “Termination Date”) and be of no further force or effect. If Optionee’s Continuous Service is terminated for any other reason (including death or disability), the
unvested portion of the Option shall terminate and the vested portion shall remain outstanding until one year from the Termination Date, unless exercised earlier in connection with the occurrence of a Liquidity Event. 

As used herein, “Continuous Service” means that the Optionee’s service with the Company or an affiliate of the
Company, whether as an employee, director or consultant, is not interrupted or terminated. The Optionee’s Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the Optionee renders service
to the Company or an affiliate as an employee, consultant or director or a change in the entity for which the Optionee renders such service, provided that there is no interruption or termination of the Optionee’s Continuous Service. For
example, a change in status from an employee of the Company to a consultant of an affiliate of the Company will not constitute an interruption of Continuous Service. 

3. Option Period. The Option shall have a term of seven (7) years measured from the Grant Date and shall accordingly expire at the
close of business on the Expiration Date (hereinafter, the “Option Period”). 
 4. No Transferability. The
Option shall be neither transferable nor assignable by Optionee in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee or, in the event of Optionee’s
incapacity, by Optionee’s legal representative. The terms of the Option shall be binding upon the executors, administrators, successors and assigns of Optionee. 

5. Adjustment in Option Shares. The Option Shares shall be subject to adjustment as follows: 

(a) In connection with any investment by the Fund in the Company prior to the Cut-off Date, the number
of Class I Option Shares shall be adjusted up to a maximum of 40,000 Class I Option Shares following such investment so that the ratio of the number of Class I Option Shares to the sum of the number of shares of Fully-Diluted Common
Stock on the Grant Date plus all shares of Common Stock issued to the Fund after the Grant Date shall equal the ratio of the number of Class I Option Shares on the Grant Date to the number of shares of Fully-Diluted Common Stock on the Grant
Date. 
 (b) At any time before the expiration of the Option Period, if any change is made to the Common Stock by reason of any stock split,
stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to (i) the
total number and/or class of the Option Shares and (ii) the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder. 

  
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 6. Stockholder Rights. The holder of the Option shall not have any stockholder rights with
respect to the Option Shares until such person shall have exercised the Option, paid the Exercise Price, executed the Stockholders Agreement (to the extent it has not been terminated prior thereto) and become the record holder of the Option
Shares. 
 7. Manner of Exercising Option. 

(a) In order to exercise the Option with respect to all or any part of the Option Shares for which the Option is at the time exercisable,
Optionee (or any other person or persons exercising the Option) must take the following actions: 
 (i) Execute and deliver
to the Company the Purchase Agreement for the Option Shares for which the Option is exercised. 
 (ii) Pay the aggregate
Exercise Price for the purchased Option Shares (A) by cash or check made payable to the Company, (B) by cashless exercise pursuant to Section 7(b) below or (C) by any combination of the
foregoing. 
 (iii) Furnish to the Company appropriate documentation that the person or persons exercising the Option (if
other than Optionee) have the right to exercise the Option. 
 (iv) Execute and deliver to the Company such written
representations as may be requested by the Company in order for it to comply with the applicable requirements of federal and state securities laws. 

(v) Make appropriate arrangements with the Company for the satisfaction of all federal, state and local income tax withholding
requirements applicable to the exercise of the Option. 
 (vi) Execute and deliver, and agree to be bound by the terms and
conditions set forth in, the Stockholders Agreement (to the extent it has not been terminated prior thereto). 
 (b) Instead of
paying the Exercise Price in cash or by check, Optionee may, upon written notice to the Company, elect to receive, without the payment by Optionee of any additional consideration, shares equal to the value of the Option or any portion hereof by the
surrender of the Option or such portion to the Company at the office of the Company. Thereupon, the Company shall issue to the Optionee such number of fully paid and nonassessable shares of Common Stock as is computed using the following formula:

  
 3 

					
		 	X = Y (A-B)	 	
		 	A	 	

 where: 

X = the number of Option Shares to be issued to the Optionee (or any other person or persons exercising the Option) pursuant to this
Section 7(b). 
 Y = the number of Option Shares in respect of which the net exercise election is made pursuant to
this Section 7(b). 
 A = the Fair Market Value of one Option Share. 

B = the Exercise Price. 
 (c) As
soon as practical after the Exercise Date, the Company shall issue to or on behalf of Optionee (or any other person or persons exercising the Option) a certificate for the Option Shares, with the appropriate legends affixed thereto. 

(d) In no event may the Option be exercised for any fractional shares. 

8. TRANSFER RESTRICTIONS. ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL BE SUBJECT TO CERTAIN RIGHTS OF FIRST REFUSAL OF
THE COMPANY AND ITS ASSIGNS TO REPURCHASE THOSE SHARES IN ACCORDANCE WITH THE TERMS SPECIFIED IN THE PURCHASE AGREEMENT. 
 9.
Compliance with Laws and Regulations. 
 (a) The exercise of the Option and the issuance of the Option Shares upon such exercise shall
be subject to compliance by the Company and Optionee (or any other person or persons exercising the Option) with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National
Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. 
 (b) The inability of
the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to the Option shall relieve the Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Company, however, shall use its best efforts to obtain all such approvals. 

10. Notices. Any notice required to be given or delivered to the Company under the terms of this Agreement shall be in writing and
addressed to the Company at its principal corporate offices. Any notice required to be given or delivered to Optionee shall be in writing and addressed to Optionee at the address indicated below Optionee’s signature line on the signature page
hereto. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 

  
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 11. Governing Law. The interpretation, performance and enforcement of this Agreement shall
be governed by the laws of the State of Delaware without resort to that State’s conflict-of-laws rules. 

[SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first
indicated above. 
  

					
	COMPANY:
	
	SUNTX CPI GROWTH COMPANY, INC.
		
	By:	 	
                 

	Name:	 	  

	Title:	 	  

	
	OPTIONEE:
	
	  

	[NAME]	 	
		
	Address:	 	  

		 	  

 EXHIBIT A 

NON-PLAN STOCK PURCHASE AGREEMENT 

 APPENDIX 

The following definitions shall be in effect under this Agreement: 

A. “Agreement” shall mean this Non-Plan Stock Option Agreement. 

B. “Board” shall mean the Company’s board of directors. 

C. “Class I Option Shares” shall mean the number of shares of Common Stock subject to
this Option set forth in Section 1(c), as adjusted pursuant to the terms of this Agreement. 
 D. Class II
Option Shares” shall mean the number of shares of Common Stock subject to this Option set forth in Section 1(d), as adjusted pursuant to the terms of this Agreement. 

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

F. “Common Stock” shall mean the Company’s common stock, par value $0.001 per share. 

G. “Common Stock Equivalents” shall mean any shares of capital stock or other rights, warrants, options, convertible
securities or indebtedness, exchangeable securities or other instruments or agreements convertible, exercisable or exchangeable into, directly or indirectly, shares of Common Stock, whether or not the rights to convert or exchange same shall be
immediately exercisable or exercisable upon the passage of time or occurrence of some future event. 
 H. “Company”
shall mean SunTx CPI Growth Company, Inc., a Delaware corporation, and any successor corporation to all or substantially all of the assets or voting stock of SunTx CPI Growth Company, Inc. 

I. “Cut-off Date” shall mean December 31, 2010. 

J. “Exercise Date” shall mean the date on which the Option shall have been exercised in accordance with
Section 7 of this Agreement. 
 K. “Exercise Price” shall mean the exercise price payable
per Option Share, as specified in Section 1.1(e) of this Agreement. 
 L. “Expiration Date”
shall mean the date on which the Option expires, as specified in Section 1.1(g) of this Agreement. 
 M.
“Fair Market Value” per share of Common Stock on any relevant date shall be determined in accordance with the following provisions: 

  
 A-1 

 (i) If the Common Stock is at the time traded on the Nasdaq National Market, then
the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question, as the price is reported by the National Association of Securities Dealers on the Nasdaq National Market and published in The Wall Street
Journal. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 

(ii) If the Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling
price per share of Common Stock on the date in question on the Stock Exchange determined by the Company to be the primary market for the Common Stock, as such price is officially quoted in the composite tape of transactions on such exchange and
published in The Wall Street Journal. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists.

 (iii) If the Common Stock is at the time neither listed on any Stock Exchange nor traded on the Nasdaq National Market,
then the Fair Market Value shall be determined by the Board after taking into account such factors as the Board shall deem appropriate. 
 N.
“Fully Diluted Common Stock” shall mean, at any time, the then outstanding Common Stock plus (without duplication) all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of
future events, upon the exercise, conversion or exchange of all then outstanding Common Stock Equivalents. 
 O.
“Fund” shall mean SunTx CPI Expansion Fund, L.P., a Delaware limited partnership. 
 P. “Grant
Date” shall mean the date of grant of the Option, as specified in Section 1(b) of this Agreement. 

Q. “1934 Act ”shall mean the Securities Exchange Act of 1934, as amended. 

R. “Non-Statutory Option” shall mean an option not intended to satisfy the
requirements of Code Section 422. 
 S. “Option Shares” shall mean the aggregate number of the the Class I
Option Shares and the Class II Option Shares. 
 T. “Optionee” shall mean the person to whom the Option
is granted, as specified in Section 1(a) of this Agreement. 
 U. “Purchase Agreement”
shall mean the Non-Plan Stock Purchase Agreement in substantially the form of Exhibit A to this Agreement. 

V. “Stock Exchange” shall mean the American Stock Exchange or the New York Stock Exchange. 

  
 A-2 

 W. “Stockholders Agreement” shall mean that certain Stockholders
Agreement, dated as of June 8, 2007, by and among the Company and the persons and entities named on Exhibit A thereto, as amended from time to time. 

  
 A-3EX-10.17

 Exhibit 10.17 

FORM OF 
 FIRST AMENDMENT

 TO 
 NON-PLAN STOCK OPTION AGREEMENT 
 This First Amendment (this “Amendment”) to
the Non-Plan Stock Option Agreement, dated July 1, 2011 (the “Option Agreement”), by and between SunTx CPI Growth Company, Inc, a Delaware corporation (the
“Company”), and [                    ]. (the “Optionee”). Capitalized terms used herein but not
defined herein are used as defined in the Option Agreement. 
 RECITALS 

WHEREAS, the Optionee wishes to amend the Option Agreement to modify, among other things, the grant date, the expiration date and the
vesting schedule (collectively, the “Amendments”); and 
 WHEREAS, the Company desires to amend the Option
Agrement to provide for the Amendments. 
 STATEMENT OF AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the
undersigned hereby agree as follows: 
 1. The first sentence of the preamble to the Option Agreement is hereby amended and restated in its
entirety as follows: 
 “This Non-Plan Stock Option Agreement, dated effective as of
July 1, 2011 (this “Agreement”), is made and entered into by and between SunTx CPI Growth Company, Inc., a Delaware corporation (the “Company”), and the undersigned Optionee.” 

2. The last sentence of Section 1 to the Option Agreement is hereby amended and restated in its entirety as follows:

 “The Option is granted in accordance with the following terms: 

 

			
	 (a) Optionee:
	  	[NAME]
	 (b) Grant Date:
	  	July 1, 2011
	 (c) Number of Class I Option Shares:
	  	[        ]
	 (d) Number of Class II Option Shares:
	  	[        ]
	 (e) Exercise Price:
	  	$143.60
	 (f) Type of Option:
	  	Non-Statutory Stock Option
	 (g) Expiration Date:
	  	July 1, 2018”

	 	3.	The first sentence of Section 2 to the Option Agreement is hereby amended and restated in its entirety as follows: 

“Unless expired as provided in Section 3 of this Agreement, the Option shall vest as follows: 

(a) One-third of the Option Shares shall vest and become exercisable on July 1,
2012; and 
 (b) One-third of the Option Shares shall vest and become exercisable on
July 1, 2013; and 
 (c) One-third of the Option Shares shall vest and become
exercisable on July 1, 2014; 
 provided, however; that the Option shall become fully vested if, during Optionee’s
Continuous Service (i) the Company consummates a merger or consolidation with an unaffiliated third party or (ii) the Company sells all or substantially all of its assets to an unaffiliated third party or (iii) all of the outstanding
capital stock of the Company is sold to an unaffiliated third party (each, a “Liquidity Event”), provided that each such Liquidity Event is approved by the Board and stockholders of the Company; provided,
further; that a transaction shall not constitute a Liquidity Event if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportion by the
persons who held the Company’s securities immediately before such transaction.” 
  

	 	4.	Except as expressly provided in this Amendment, all of the terms and conditions of the Option Agreement and the exhibits and schedules thereto remain unchanged and in full force and effect. 

 

	 	5.	This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State. 

 

	 	6.	This Amendment may be executed in separate counterparts each of which will be an original and all of which taken together will constitute one and the same agreement. Delivery of an executed signature page of this
Amendment by facsimile transmission will constitute effective and binding execution and delivery of this Amendment by the executing party. 

[SIGNATURE PAGE FOLLOWS] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 
  

									
	Company:
		
		 	SUNTX CPI GROWTH COMPANY, INC.
			
		 	By:	 	
                 

		 	Name:	 	
		 	Title:	 	
	
	Optionee:
			
		 	By:	 	
                 

		 		 	[NAME]	 		 	
			
	        	 	Address:	 	              

		 		 	              

 Signature Page First Amendmdent to the Option Agreement of [NAME].

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