Document:

Exhibit 10.10

 

Appendix
C

 

Standard
RSU Forms Package

 

Cariloha, Inc.

 

2022
Incentive Award Plan

 

Notice
of Grant

 

Restricted
Stock Unit Award

 

This is to notify you that you have been granted
an award (the “Award”) of restricted stock units (“RSUs”) under the Cariloha, Inc. 2022 Incentive
Award Plan (the “Plan”), subject to the terms and conditions set forth below and in the attached Restricted Stock Unit
Award Agreement (the “Award Agreement”) and the Plan; provided that the Award is conditioned on your acknowledgment
of receipt and acceptance in accordance with Section 17 of the Award Agreement within two weeks after receiving this RSU Notice of
Grant (the “Grant Notice”).

 

Capitalized terms used in this Grant Notice and
the Award Agreement, unless otherwise defined, shall have the meanings set forth in the Plan.

 

Summary of Award Terms

 

Name of grantee: [name] (the “Grantee”)

 

Date of grant: [grant date] (the “Grant Date”)

 

Number of RSUs granted: [number]

 

Settlement date: [settlement date] (the “Settlement
Date”)

 

Vesting commencement date: [date]

 

Vesting schedule: [description of vesting schedule]

 

See the Award Agreement for additional terms governing the Award,
including provisions regarding vesting, forfeiture, and transfer restrictions, among others.

 

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Attachment
1

 

Standard
Restricted Stock Award Forms Package

 

Cariloha, Inc.

 

2022
Incentive Award Plan

 

Restricted
Stock Unit Award Agreement

 

Pursuant to this Restricted Stock Unit Award Agreement
(this “Award Agreement”), and subject to the terms and conditions herein and in the 2022 Incentive Award Plan (the
 “Plan”), which Plan is incorporated by reference into this Award Agreement, Cariloha, Inc. (the “Company,”
which term shall include affiliates thereof unless the context indicates otherwise) grants to the Grantee identified in the RSU Notice
of Grant (the “Grant Notice”) attached hereto (which Grant Notice forms part of this Award Agreement), a restricted
stock units (“RSUs”) award (the “Award”) under the Plan, conditioned on the Grantee’s acknowledgment
of receipt and acceptance in accordance with Section 17 hereof no later than two weeks after receiving the Grant Notice. Grantee’s
failure to timely execute the acknowledgement of receipt and acceptance shall render the Award and this Award Agreement null and void
and of no force and effect.

 

		1.	Grant of RSUs. Subject to the terms and conditions of this Award Agreement and the Plan, on (or
as soon as practicable after) the Settlement Date, the Company will pay to the Grantee an amount equal to the Fair Market Value of one
share of Common Stock as of the Settlement Date, multiplied by the number of vested RSUs granted hereby, subject to applicable withholding
for taxes. The RSUs may be settled in such form as provided in Section 8 hereof.

 

		2.	Certain Definitions. For purposes of this Award Agreement:

 

		(a)	The term “Cause” is to be construed the same as such similar term is defined in any
employment agreement, offer letter, or service provider agreement between the Grantee and the Company as may be in force from time to
time, and in the absence of such agreement or letter, shall mean the Grantee’s (i) failure to reasonably perform the Grantee’s
duties to the Company or to follow the lawful instructions of his or her superiors in a manner that could reasonably be expected to result
in harm to the Company, other than as a result of incapacity due to physical or mental illness or injury, (ii) willful violation
of the Company’s written policies that could reasonably be expected to result in harm to the Company, (iii) engaging in conduct
that is, or could reasonably expected to be, materially damaging to the Company, (iv) willful misconduct or gross negligence that
could reasonably be expected to result in harm to the Company, (v) act of fraud or misappropriation, embezzlement or misuse of funds
or property belonging to the Company, (vi) conviction of, or plea of guilty or no contest to, a felony or any crime involving as
a material element fraud or dishonesty, or (vii) willful breach of a fiduciary duty owed to the Company.

 

		(b)	References to the “Committee” shall have the same meaning provided under the Plan.

 

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		(c)	The Grantee shall be considered to have a termination of Employment pursuant to Section X.B
of the Plan, and the term “Separation Date” means the day on which the Grantee’s termination of Employment occurs.

 

		3.	Vesting. The Award is subject to the vesting terms, if any, set forth in the Grant Notice, except
as may otherwise be provided in this Award Agreement, in the Plan, or in another agreement with the Grantee that expressly supersedes
the provisions of the Award Agreement or the Plan.

 

		4.	Effect of Termination of Employment. If the Grantee has a termination of Employment prior to the
Settlement Date for any reason, all RSUs granted hereby that remain unvested shall be cancelled, terminated, and of no further force and
effect (after giving effect to any applicable vesting acceleration provision) as of the Separation Date.

 

		5.	Forfeiture. The Grantee shall forfeit and cease to have any right or interest in any outstanding
portion of the Award: (i) immediately as of the time the Grantee receives notice of a termination of Grantee’s Employment or
service for Cause, (ii) upon the Grantee’s breach, as determined by the Committee, of any non-disclosure, non-competition,
or non-solicitation restrictive covenant obligation owed to the Company, or (iii) upon the Committee’s determination that any
conduct of the Grantee constitutes grounds for forfeiture under the Plan. Upon the occurrence of a forfeiture event, any outstanding portion
of the Award shall be cancelled, terminated, and of no further force and effect.

 

		6.	Change in Control.

 

		(a)	In the event of a Change in Control, the Award shall be subject to the provisions of Section X.A
of the Plan and this Section 6.

 

		(b)	In the event of a Change in Control of the Company in which the successor company assumes or substitutes
for an Award (or in which the Company is the ultimate parent corporation and continues the Award), if Grantee’s employment with
such successor company (or the Company) or a subsidiary thereof is terminated [OPTION 1 (generally applicable to non-executives) –
for any reason, the Grantee shall forfeit any unvested Award.] [OR OPTION 2 (generally applicable to certain executives) – by the
Company without Cause within _________ months following such Change in Control, the restrictions, limitations, and other conditions applicable
to _____% of any unvested Award shall lapse, and such Award shall become free of all restrictions, limitations, and conditions and become
fully vested and transferable to the full extent of the original grant.]

 

		7.	Time of Settlement. On the Settlement Date, or as soon as practicable thereafter, the Company shall
pay the Grantee the amount payable under the Award, determined in accordance with Section 1. For the avoidance of doubt, no payment
shall be due in respect of any unvested RSUs, which shall automatically be terminated, cancelled, and of no further force and effect as
of the Settlement Date.

 

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		8.	Form of Settlement. In full satisfaction of the RSUs granted hereby, the Company will pay
to the Grantee the amount owed in cash, subject to applicable withholding.

 

		9.	Withholding. The Committee shall have the right to require the Grantee to remit to the Company
in cash an amount sufficient to satisfy any federal, state, and local withholding tax requirements attributable to the Award. Alternatively,
the Company shall have the right to withhold from any payment required to be made in settlement of the Award (whether such settlement
is in cash, in shares of Common Stock, or in a combination thereof) an amount sufficient to satisfy such federal, state, and local withholding
tax requirements.

 

		10.	No Assignment or Transfer. Neither the Award nor any right or interest in any RSUs granted hereunder
may be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or
distribution. No transfer by will or the laws of descent and distribution shall be effective to bind the Company unless the Committee
shall have been furnished with (i) written notice thereof along with such evidence as the Committee may deem necessary to establish
the validity of the transfer and (ii) an agreement by the transferee to comply with all the terms and conditions of the Award that
are or would have been applicable to the Grantee and to be bound by the acknowledgements made by the Grantee in connection with the grant.

 

		11.	Grantee Representations. By accepting the Award, the Grantee represents and acknowledges the following:

 

		(a)	The Grantee has received a copy of the Plan and the prospectus, has reviewed the Plan, the prospectus
and this Award Agreement in their entirety, and has had an opportunity to obtain the advice of independent counsel prior to accepting
the Award.

 

		(b)	The Grantee has had the opportunity to consult with a tax advisor concerning the tax consequences of accepting
and exercising the Award, and understands that the Company makes no representation regarding the tax treatment as to any aspect of the
Award, including the grant, vesting, settlement, or conversion of the Award.

 

		(c)	The Grantee consents to receive the Award-related documents, the Plan, the prospectus and any other Plan-related
documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by
the Company or a third party designated by the Company.

 

		(d)	The Grantee understands that neither the grant of this discretionary Award nor the Grantee’s participation
in the Plan confers any right to continue in the Employment or service of the Company or to receive any other award or amount of compensation,
whether under the Plan or otherwise, and no payment of any award under the Plan will 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.

 

		(e)	The Grantee consents to the collection, use, and transfer, in electronic or other form, of the Grantee’s
personal data by the Company, the Committee, and any third party retained to administer the Plan for the exclusive purpose of administering
the Award and Grantee’s participation in the Plan. The Grantee agrees to promptly notify the Committee of any changes in the Grantee’s
name, address, or contact information during the entire period of Plan participation.

 

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		(f)	Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature
complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission
method and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

		12.	Adjustments. If there is a change in the outstanding shares of Common Stock due to a stock dividend,
split, or consolidation, or a recapitalization, corporate change, corporate transaction, or other similar event relating to the Company,
the Committee may adjust the type or number of shares of Common Stock subject to any outstanding portion of the Award in accordance with
Section IX of the Plan.

 

		13.	Administration; Interpretation. In accordance with the Plan and this Award Agreement, the Committee
shall have full discretionary authority to administer the Award, including discretionary authority to interpret and construe any and all
provisions relating to the Award. Decisions of the Committee shall be final, binding, and conclusive on all parties. In the event of a
conflict between this Award Agreement and the Plan, the terms of the Plan shall prevail.

 

		14.	Section 409A. It is intended that this Award Agreement will comply with Section 409A
of the Code and the interpretive guidance thereunder (“Section 409A”), including, to the maximum extent applicable,
the exceptions for (among others) short-term deferrals, certain stock rights, separation pay arrangements, reimbursements, and in-kind
distributions, and this Award Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such
intent. To the extent that any provision of this Award Agreement would fail to comply with the applicable requirements of Section 409A,
the Company may, in its sole and absolute discretion and without requiring the Grantee’s consent, make such modifications to this
Award Agreement and/or payments to be made thereunder to the extent it determines necessary or advisable to comply with the requirements
of Section 409A. Nothing in this Agreement shall be construed as a guarantee of any particular tax effect for the Award, and the
Company does not guarantee that any compensation or benefits provided under this Award Agreement will satisfy the provisions of Section 409A.

 

		15.	Successors. The terms of this Award Agreement shall be binding upon and inure to the benefit of
the heirs of the Grantee or distributes of the Grantee’s estate and any successor to the Company.

 

		16.	Governing Law; Severability.

 

		(a)	Governing Law. This Award Agreement shall be construed and administered in accordance with the
laws of State of Delaware without regard to its conflict of law principles.

 

		(b)	Severability. Any determination by a court of competent jurisdiction or relevant governmental authority
that any provision or part of a provision in this Award Agreement is unlawful or invalid shall not serve to invalidate any portion of
this Award Agreement not found to be unlawful or invalid, and any provision or part of a provision found to be unlawful or invalid shall
be construed in a manner that will give effect to the terms of such provision or part of a provision to the fullest extent possible while
remaining lawful and valid.

 

		17.	Acknowledgment of Receipt and Acceptance. By signing below (or execution by other means approved
by the Committee, including by electronic signature), the undersigned acknowledges receipt and acceptance of the Award, agrees to the
representations made in Section 11, and indicates his or her intention to be bound by this Award Agreement and the terms of the Plan.

 

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Grantee’s acknowledgment of receipt and acceptance:

 

 

	 	 	 
	 	[Grantee name]	 

 

	 	Date:	 	 

 

 

Company representative

 

 

	 	By	 	 
	 	[name and title of company representative]	 
	 	Cariloha, Inc.	 

 

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Attachment
2

 

Standard
RSU Award Forms Package

 

Cariloha, Inc.

 

2022
Incentive Award Plan

 

    7Exhibit 10.11

 

Appendix
A

 

Cariloha, Inc.

 

Change
in Control Severance Plan

 

Sample
Participation Agreement

 

By this Participation Agreement (the “Agreement”),
the undersigned (the “Executive”) agrees to participate in the Cariloha, Inc. Change in Control Severance Plan,
as it may be amended from time to time (the “Plan”), in accordance with its terms. Capitalized terms not otherwise
defined in this Agreement shall have the meanings given to them in the Plan.

 

WHEREAS: Cariloha, Inc. (the “Company”),
has identified the Executive as an Eligible Employee who may participate in the Plan, subject to the execution of this Agreement indicating
the Executive’s desire to participate in the Plan and acknowledgment of and agreement to the terms and conditions of such participation.

 

THEREFORE: In consideration for the opportunity
to participate in the Plan and become eligible to receive a lump sum payment pursuant to the Plan’s terms equal to the sum of: (i) [number]
months of the Executive’s annual base salary; and (ii) the average of the Executive’s annual bonuses earned, if any,
during the previous three-year period (the “Qualifying Termination Payments”), subject to the application of Section VI
of the Plan regarding potential cutbacks related to sections 280G and 4999 of the Code, the Executive hereby agrees and acknowledges the
following:

 

		1.	General Release of Claims. The Executive acknowledges and agrees that, as a condition of receiving
any Qualifying Termination Payments under the Plan, the Executive will be required to execute (and not revoke) a General Release of claims
against the Company.

 

		2.	Effect on Other Benefits. The Executive acknowledges and agrees that Section IV.C
of the Plan governs the coordination of the benefits provided thereunder, if any, with other Company-provided severance-related benefits,
if any. In this regard, the Executive acknowledges and agrees that the benefits provided under the Plan supersede severance benefits provided
by the Company under any other agreement, plan, program or practice so that the Executive shall not be eligible for any other severance
benefits from the Company for the same employment termination event.

 

		3.	Restrictive Covenants. The Executive acknowledges and agrees that (i) as a condition of participating
in the Plan, the following covenants shall apply in addition to any other restrictive covenants (whether or not of a similar nature) as
may be in effect from time to time under any other agreement between the Executive and the Company, (ii) these covenants are reasonable
under the circumstances and will not interfere with the Executive’s ability to earn a living or otherwise meet the Executive’s
financial obligations, and (iii) in the event of the Executive’s breach of any of the covenants, the Company may, in addition
to pursuing any other remedies it may have in law or in equity, terminate the Executive’s participation in the Plan and/or cease
making any Qualifying Termination Payments thereunder. If the Company determines that the Executive has materially breached a restrictive
covenant obligation owed to the Company, the Company shall have the right to recoup any Qualifying Termination Payments made to the Executive
under the Plan.

 

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		(a)	Non-competition. At all times during the Executive’s employment (or service provider relationship)
with the Company (which term, for purposes of this Agreement, includes any affiliates of the Company as may exist from time to time) and
for a period of [same number as above for months of salary] months thereafter, the Executive agrees not to (without the prior written
consent of the Company) carry on, be engaged in, be employed by, provide substantial services to or have any financial interest in any
business enterprise that offers or provides, or anticipates offering or providing, products or services that, directly or indirectly,
substantially compete with products or services offered or provided by the Company (a “Competitor”); provided that
this sentence shall not be interpreted to restrict the Executive from owning up to 2% of the outstanding voting stock of a publicly traded
company that is or, directly or indirectly, owns a Competitor or 5% of the equity of a privately held entity that is or, directly or indirectly,
owns a Competitor.

 

		(b)	Non-solicitation; Non-interference. At all times during the Executive’s employment (or service
provider relationship) with the Company and for a period of [same number as above for months of salary and 3(a) above] months thereafter,
the Executive agrees not to, directly or indirectly, (i) solicit or hire or encourage the solicitation or hiring of any person who
is (or has been within the previous 12 months) an employee of the Company, or (ii) induce or attempt to induce any current or prospective
customer, client, vendor, partner or joint venturer of the Company to discontinue or reduce their business relationship with the Company
or otherwise materially interfere with such relationship.

 

		(c)	Non-disclosure of Confidential Information. As an employee of the Company, the Executive will acquire
confidential or other competitive information concerning the Company, the use or disclosure of which could cause the Company substantial
loss and damages which could not be readily calculated and for which no remedy at law would be adequate. The Executive agrees, for the
period during and after the Executive’s employment with the Company, not to disclose, except as appropriate in the performance of
the Executive’s duties to the Company, or use for the benefit of the Executive or any third party, any “confidential and proprietary
information” of which the Executive becomes aware by reason of the Executive’s association with the Company, where the term
 “confidential and proprietary information” means any secret or confidential information regarding the Company’s past,
current or prospective business operations, planning, strategies, methods, processes or financial information; product or service development,
marketing, sales, manufacturing, procurement or distribution; personnel management; business relationships; technical advice or knowledge,
inventions, trade secrets, know-how, or proprietary computer programs and systems; or the Company’s other property or interests;
provided that such term does not include information or data that (i) has been voluntarily disclosed to the public by the Company,
(ii) has been independently developed and disclosed by others or (iii) has otherwise entered the public domain through lawful
means.

 

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		(d)	Non-disparagement. The Executive agrees, for the period during and after the Executive’s
employment with the Company, not to make, publish or otherwise transmit any disparaging or defamatory statements, whether written or oral,
regarding the Company or its employees, directors, products, services, operations, procedures or policies; provided that this sentence
shall in no way restrict or prevent the Executive from providing truthful testimony concerning the Company as required by court order
or other legal process.

 

		4.	Return of Company Property. Upon the termination of the Executive’s employment for any reason,
the Executive agrees to (or, in the event of the Executive’s death, hereby directs a representative of the Executive’s estate
to) deliver to the Company all Company property, including without limitation any Company correspondence, materials, records and property
of any kind that are in the Executive’s possession or under the Executive’s control, whether in hard copy, digital or any
other form or medium, without retaining any copies of same without the Company’s written consent.

 

		5.	Severability. The Executive and the Company agree that if any part of this Agreement is declared
by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any portion
of this Agreement not declared to be unlawful or invalid. Any section or part of a section so declared to be unlawful or invalid shall,
if possible, be construed in a manner that will give effect to the terms of such section or part of a section to the fullest extent possible
while remaining lawful and valid.

 

		6.	No Implied Waivers. No waiver or modification of all or any part of this Agreement will be effective
unless set forth in a written document signed by both the Company and Executive expressly indicating their intention to waive or modify
the specified provisions of this Agreement. The Company’s failure to seek to enforce its rights under this Agreement in any instance
shall not be considered a waiver of any then-existing or future breach of this Agreement by the Executive.

 

		7.	Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of
the State of Delaware without regard to its conflict of law principles.

 

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SIGNATURES

 

I, THE “EXECUTIVE,” HAVE READ THIS AGREEMENT AND THE PLAN
CAREFULLY, AND I HEREBY AGREE TO PARTICIPATE IN THE PLAN IN ACCORDANCE WITH ITS TERMS.

 

	 	 	(signature)
	 	 	(print name)
	Date:	 	 

 

	 	Acknowledged and agreed on behalf of the Company by:
	 	 
	 	 
	 	[name], [title]

 

	 	Date:	 

 

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