Document:

Exhibit 10.24

 

GREENSKY TRADE CREDIT, LLC

 

EQUITY INCENTIVE PLAN

 

THIS GREENSKY TRADE CREDIT, LLC EQUITY INCENTIVE
PLAN (this “Plan”) is made effective as of July 30, 2015 (the “Effective Date”), by GREENSKY TRADE
CREDIT, LLC, a limited liability company organized and existing under the laws of the State of Georgia (the “Company”).

 

R E C I T A L S

 

A.     The Company wishes to advance the interests
of the Company and its Affiliates by providing an equity-based incentive to attract and retain qualified and competent persons
who provide services to the Company and/or its Affiliates and upon whose efforts and judgment the success of the Company and its
Affiliates is largely dependent, by enabling such persons to acquire an equity interest in and participate in the long-term growth
and financial success of the Company and its Affiliates.

 

B.     The Company may grant awards of Incentive
Units to Participants pursuant to the terms and conditions of the Operating Agreement, this Plan, the Participant’s Services
Agreement, if any, and the applicable Grant Agreement. The Operating Agreement, this Plan, the Participant’s Services Agreement,
if any, and the applicable Grant Agreement are collectively referred to herein as the “Company Governing Documents.”

 

C.     It is intended that this Plan constitute
a written compensatory benefit plan (or written compensation contract) under Rule 701 of the Securities Act for the benefit of
the Participants under this Plan.

 

A G R E E M E N T S

 

NOW, THEREFORE, in consideration of
the premises and mutual covenants set forth herein, the Company hereby adopts this Plan pursuant to the following terms and provisions:

 

1.         Definitions. Certain defined terms contained in this Plan have the meanings ascribed to such terms in Appendix
1 hereto. Capitalized terms not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Operating
Agreement.

 

2.         Incentive Units Subject to this Plan.

 

(a)          Subject to adjustment and/or increase as set forth in Section 5 of this Plan, the number of Incentive Units that
may be awarded to Participants pursuant to the terms of the Company Governing Documents shall not in the aggregate exceed 425,260.23,
which Incentive Units may consist of grants of (i) Class A Units, (ii) Options and/or (iii) Profits Interests. Notwithstanding
the foregoing, however, Profits Interests granted under the Plan in return for the Participant’s agreement to cap the value
of any outstanding Options (granted under the Plan or otherwise) held by such Participant shall not reduce the number of Incentive
Units that may be awarded under the Plan.

    	 

    	

    

(b)          Notwithstanding Section 2(a) hereof, (i) any awards of Incentive Units that are forfeited by a Participant and (ii)
any Vested Incentive Units originally issued under this Plan that are repurchased by the Company shall again be available for award
under this Plan. The number of Incentive Units to which this Plan is subject may be increased to the extent and in the manner set
forth in the Operating Agreement.

 

3.         Eligibility. The Administrator may designate any Manager, executive or other service provider of the Company
and/or any of its Affiliates as a Participant in this Plan in accordance with the terms and conditions of the Company Governing
Documents.

 

4.         Terms of Incentive Units.

 

(a)          General. Subject to the provisions of this Plan and the Operating Agreement, each Grant Agreement shall be in such
form and shall contain such terms and conditions, including vesting terms, as the Administrator shall deem appropriate. The provisions
of separate Grant Agreements need not be identical, and successive grants may be made to a Participant whether or not any award
of Incentive Units previously granted to the Participant remains outstanding. Each Grant Agreement shall specify (i) the type of
Incentive Unit awarded, e.g., Class A Units, Options or Profits Interests, (ii) the number of Incentive Units with respect to which
the award is subject and (iii) the Exercise Price or Profits Interest Threshold, if applicable, pertaining to such award, subject
to the limitations and conditions set forth in Section 2. In no event may the Exercise Price or Profits Interest Threshold
of an Incentive Unit be less than the Liquidation FMV of the underlying Units as of the date of grant of the Incentive Unit.

 

(b)          Vesting. Unless otherwise determined by the Administrator, each award of Incentive Units granted under this Plan
shall vest and be subject to forfeiture pursuant to the terms and conditions set forth in the Company Governing Documents and may
(but is not required to) provide for accelerated vesting in accordance with the terms and conditions of the Company Governing Documents
in the event of a Sale of the Business and/or the Participant’s (i) death, (ii) Disability (as defined in the Operating Agreement)
or (iii) termination of the provision of services or employment with the Company or any of its Affiliates by the Company or an
Affiliate without Cause or by the Participant for Good Reason.

 

(c)          Consideration. Each grant of an award of Incentive Units may be made without any additional consideration or in consideration
of a payment by the Participant, as may be specified in the applicable Grant Agreement for such grant. Unless the Company Governing
Documents provide otherwise, the Participant will be required to pay all required consideration, including without limitation the
Exercise Price, if applicable, in cash or cash equivalent; provided, however, that the Administrator may, in its
sole discretion, permit the Participant to pay any required consideration, in whole or in part, by promissory note or delivery
or withholding of Vested Incentive Units having a Liquidation FMV on the date of payment equal to the consideration the Participant
is required to pay.

 

(d)          Joinder to Operating Agreement. As a condition to the grant of an award of Incentive Units under this Plan and any
applicable Grant Agreement, to the extent a Participant has not already executed the signature page of the Operating Agreement
or joinder agreement thereto, the Participant shall execute a joinder agreement to the Operating Agreement

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agreeing to be bound by the terms of the Operating Agreement;
provided, however, that if the Participant refuses to sign such joinder agreement, the Participant will forfeit such
grant pursuant to this Plan, and the applicable Grant Agreement shall be null and void ab initio and of no force or effect,
and the Company shall have no obligations to the Participant with respect to the forfeited award of Incentive Units.

 

(e)          Section 83(b) Election. As a condition to each grant of an award of Profits Interests under the Plan, such Participant
in respect of the Participant’s award of Profits Interests will be required to file an election pursuant to Section 83(b)
of the Code with respect to such award of Profits Interests; provided, however, that if the Participant refuses or
fails to timely file such election pursuant to Section 83(b) of the Code, the Participant will forfeit the award of Profits Interests
granted under this Plan, the applicable Grant Agreement shall be null and void ab initio and of no force and effect and
the Company will have no obligations to the Participant with respect to the forfeited award of Profits Interests.

 

(f)           Distributions. Each Participant shall be entitled to receive distributions, if any, with respect to the Participant’s
Incentive Units pursuant to the terms and conditions of the Company Governing Documents (including, without limitation, Article
VI of the Operating Agreement).

 

5.         Adjustments.

 

(a)               
General. Subject to the terms and conditions of the Company Governing Documents, in the event that the Administrator
determines in its reasonable discretion that any sale or other extraordinary distribution (whether in the form of cash, Membership
Units, securities or other property), recapitalization, reorganization, merger, consolidation, issuance or exchange involving Incentive
Units, other ownership interests or other securities of the Company, any incorporation of the Company or any parent or any other
transaction or event affects the Incentive Units such that an adjustment is determined by the Administrator in its reasonable discretion
to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under this Plan or provide for continuation or assumption of the Incentive Units by the surviving entity or its parent, then the
Administrator shall make or provide for, in such manner as it deems equitable, adjustments in any or all of: (i) the number of
the Incentive Units, other ownership interests or other securities of the Company (or number and kind of other securities or property
subject to awards) with respect to which awards may be made under this Plan and the applicable Exercise Price or Profits Interest
Threshold, if any, or (ii) the number of Incentive Units, other ownership interests or other securities of the Company (or number
and kind of other securities or property subject to awards) and the applicable Exercise Price or Profits Interest Threshold, if
any, subject to outstanding awards made under this Plan; provided, however, that any such adjustment that would materially
and adversely affect the Participants’ Incentive Units granted under their respective Grant Agreements shall require the
prior written consent of a majority-in-interest of such materially and adversely affected Participants; and provided, further
that for the avoidance of doubt, the issuance of additional Units or Incentive Units in the Company will not trigger any adjustments
pursuant to this Section 5.

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(b)          Liquidity Event. In connection with the occurrence of a Liquidity Event, unless otherwise set forth in an applicable
Grant Agreement, the Administrator is authorized (but not obligated) to make adjustments in the terms and conditions of outstanding
Incentive Units, including the following (or any combination thereof): (i) continuation or assumption of such outstanding Incentive
Units under this Plan by the Company (if it is the surviving entity) or by the surviving entity or its parent; (ii) substitution
by the surviving entity or its parent of Incentive Units or other stock or securities of the surviving entity or its parent with
substantially the same terms as the outstanding Incentive Units; (iii) accelerated vesting of outstanding Incentive Units immediately
prior to the occurrence of such event, (iv) cancellation (other than in connection with an Initial Public Offering) of any outstanding
Incentive Units that are not (and will not become) vested on or prior to the Liquidity Event (with or without any payment therefore)
or (v) cancellation and redemption (other than in connection with an Initial Public Offering) of any outstanding Incentive Units
that are (or will become) vested on or prior to the Liquidity Event for payment equal to the Liquidation FMV of the Incentive Units,
which, in case of an Option, shall mean the value equal to (A) the number of Vested Incentive Units subject to the Option multiplied
by (B) the amount, if any, by which the Liquidation FMV of the underlying Class A Units exceeds the Exercise Price of the Option.
If the Incentive Unit is not vested on or prior to the Liquidity Event or the Liquidation FMV of the underlying Class A Units does
not exceed the Exercise Price of the Option on the date of the Liquidity Event, the Administrator may cancel such Incentive Units
on the date of the Liquidity Event (other than in connection with an Initial Public Offering) without any payment of consideration
therefor.

 

(c)          No Limitation on Other Rights. Without limiting the generality of the foregoing, the existence of outstanding awards
granted under this Plan shall not affect in any manner the right or power of the Company or any of its Affiliates to make, authorize
or consummate:

 

(i)                
any or all adjustments, recapitalizations, reorganizations or other changes in its capital structure or its business;

 

(ii)              
any merger or consolidation;

 

(iii)            
its dissolution or liquidation;

 

(iv)            
any sale, transfer or assignment of all or any part of its assets or business;

 

(v)              
the payment of any distribution to its Members or other equity owners; or

 

(vi)            
any other act, proceeding or transaction, whether of a similar character or otherwise.

 

6.         Transferability of Awards. No award of Incentive Units shall be subject to alienation, assignment, pledge, levy,
charge or other transfer other than as set forth in the Company Governing Documents. Each grant of Incentive Units shall provide
that, during the period or periods of vesting, the transferability of the Incentive Units shall be prohibited or restricted in
the manner specified in the Company Governing Agreements (which restrictions

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may include, without limitation, rights of first refusal in
the Company, tag-along rights or drag-along rights). Any attempt to make any such prohibited transfer shall be void and shall void
the Participant’s award, and the Participant will have no further rights with respect to such awards.

 

7.         Administration.

 

(a)          Powers and Duties. This Plan shall be administered by the Administrator. Subject to the terms of this Plan, the Operating
Agreement, and applicable law, and in addition to other express powers and authorizations conferred on the Administrator by this
Plan, the Administrator shall have full power and authority to:

 

(i)                
designate Participants;

 

(ii)              
designate those Affiliates or other entities whose Managers, executives and other service providers may participate in this
Plan;

 

(iii)            
determine the number and type of Incentive Units to be awarded, or with respect to which payments, rights or other matters
are to be calculated in connection with any award under this Plan;

 

(iv)            
determine the terms and conditions of any award under this Plan, including the Exercise Price or Profits Interest Threshold,
if applicable, as well as vesting and restrictive covenants, if any; provided, however, if a Participant is a party
to a Services Agreement, such restrictive covenants shall be as provided in the Participant’s Service Agreement;

 

(v)              
determine and/or increase the vested portion of any award under this Plan;

 

(vi)            
determine whether, to what extent, and under what circumstances awards under this Plan may be settled in cash, Membership
Units or other securities or other property, or suspended and the method or methods by which the awards under this Plan may be
settled or suspended;

 

(vii)          
make appropriate adjustments in order to minimize any adverse accounting impact of any award of Incentive Units under this
Plan;

 

(viii)        
interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in this Plan and any instrument
or agreement relating to, or any award made under this Plan, subject to the provisions of the Company Governing Documents;

 

(ix)            
establish, amend, suspend or waive such rules and regulations and appoint such agents or advisors as it shall deem appropriate
for the proper administration of this Plan, and the Administrator or any person to whom duties or powers have been delegated as
aforesaid, may employ one or more persons to render advice with respect to any responsibility the Administrator or such person
may have under the Plan; and

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(x)              
 make any other determination or take any other action that the Administrator, in its sole discretion, deems necessary or
desirable for the administration of this Plan; provided, that if any such determination or action would materially and adversely
affect the Participants’ interests granted under their respective Grant Agreements, such determination or action shall require
the prior written consent of a majority-in-interest of such materially and adversely affected Participants; provided, however,
that for the avoidance of doubt, the creation or issuance of additional awards or Incentive Units or any other class or series
of Membership Units (including any amendments to the Company Governing Documents that may be required to establish the rights and
preferences of, and restrictions applicable to, any such other class or series of such additional awards) shall not of itself constitute
a variation, modification or abrogation of the class rights of the holders of any class or series of outstanding awards and shall
not be regarded as an impairment of the Participant’s rights that would require the Participant’s prior written consent.

 

(b)          Actions Binding. Subject to the terms of the Operating Agreement, unless otherwise expressly provided in this Plan,
all designations, determinations, interpretations and other decisions under or with respect to this Plan, any award made under
this Plan or any document evidencing any and all Incentive Units shall be within the sole discretion of the Administrator, may
be made at any time and shall be final, conclusive and binding upon all Persons, including the Company, any of its participating
Affiliates, any Participant, any holder of Incentive Units and any holder or beneficiary of any award made under this Plan and
any Member. Such designations, determinations, interpretations and decisions by the Administrator need not be the same with respect
to each Participant (whether or not such Participants are similarly situated).

 

(c)          No Liability. No member of the Administrator shall be liable for any action or determination made in good faith with
respect to this Plan or any award made under this Plan.

 

(d)          Withholding or Deduction for Taxes. A Participant may be required to pay to the Company or any of its Affiliates,
and the Company and its Affiliates shall have the right and are hereby authorized to withhold from any payment due or transfer
made under any Grant Agreement or under this Plan, the amount (in cash or, at the election of the Company, securities or other
property) of any applicable federal, state, local or foreign withholding taxes in respect of Incentive Units or any payment or
transfer under a Grant Agreement or this Plan and to take such other action as may be necessary in the opinion of the Administrator
to satisfy all obligations for the payment of such taxes; provided, that notwithstanding anything to the contrary in the
forgoing, in connection with any payment under this Plan or any applicable grant agreement made in Membership Units or Incentive
Units, the Company may, in its sole discretion, satisfy any withholding requirement, in whole or in part, by having the Company
withhold vested Class A Units or vested Incentive Units having a Liquidation FMV on the date the tax is to be determined equal
to the minimum statutory total withholding tax that could be imposed on the transaction.

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8.         Miscellaneous.

 

(a)          Impact on Other Benefits. This Plan shall not be construed to impact or cause the denial of any benefits to which
any Participant may be entitled under any other benefit plan of the Company or any of its Affiliates. Notwithstanding anything
to the contrary contained in the foregoing, neither this Plan nor any award granted under this Plan shall form any part of a Participant’s
compensation or count as compensation for any purpose under any other benefit plan of the Company or any of its Affiliates, or
otherwise.

 

(b)          No Right to Awards or Other Rights. No Person shall have any claim to receive any award under this Plan. There is
no obligation for uniformity of treatment of Participants regarding the number of Incentive Units awarded or the manner in which
awards are made. The terms and conditions made under this Plan need not be the same with respect to each Participant. Except as
otherwise provided in the Operating Agreement or any Grant Agreement, any action taken hereunder shall not be construed as conferring
upon any Participant any right (i) of ownership in the Company or any Affiliate; (ii) to participate in the management of the business
and affairs of the Company or any of the Company’s Affiliates; or (iii) to vote on or approve any matters requiring the consent
or approval of any Member(s) of the Company.

 

(c)          Delegation. Subject to the terms of this Plan, the Operating Agreement, the provisions of any Grant Agreement and
applicable law, the Administrator may delegate to one or more officers or managers of the Company or any of its Affiliates, or
to a committee of such officers or managers, the authority, subject to such terms and limitations as the Administrator shall determine,
to award Incentive Units or to make adjustments, in accordance with the provisions of Section 5, with respect to Incentive
Units held by Participants.

 

(d)          Acceleration of Exercisability and Vesting. The Administrator shall have the power to accelerate the time at which
Incentive Units, or any part thereof, will vest in accordance with this Plan, notwithstanding the provisions in the applicable
Grant Agreement stating the time or times during which it will vest.

 

(e)          Other Transactions. Subject to the terms and conditions of the Company Governing Documents, in connection with a
merger, acquisition or other such similar transaction, the Administrator may grant under this Plan any award in exchange for the
surrender and cancellation of an award that was not granted under this Plan (including but not limited to an award that was granted
by the Company or any of its Affiliates, or by another corporation or entity that is acquired by the Company or any of its Affiliates
by merger or otherwise), and any such award or combination of awards so granted under this Plan may or may not cover the same number
of equity interests as had been covered by the canceled award and shall be subject to such other terms, conditions and discretion
as would have been permitted under the Company Governing Documents had the canceled award not been granted.

 

(f)           Other Laws. The Administrator may refuse to issue or transfer any Incentive Units if, acting in its sole discretion,
it determines that the issuance or transfer of such Incentive Units would violate the Operating Agreement or any applicable law
or regulation. Without limiting the generality of the foregoing, no award of Incentive Units hereunder shall be construed as an
offer to sell securities of the Company, and no such offer shall be outstanding,

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unless and until the Company in its sole discretion has determined
that any such offer, if made, would be in compliance with all applicable securities laws.

 

(g)          Severability. If any provision of this Plan or any award made hereunder is, becomes or is deemed to be invalid, illegal
or unenforceable in any jurisdiction or as to any Person or award, or would disqualify this Plan or any award under any law deemed
applicable by the Administrator, such provision shall be constructed or deemed amended to conform to all applicable laws, or if
it cannot be construed or deemed amended without, in the determination of the Administrator, materially altering the intent of
this Plan or the award, such provision shall be stricken as to such jurisdiction, Person or award and the remainder of this Plan
and any such award shall remain in full force and effect.

 

(h)          Governing Law. This Plan, all Grant Agreements, all awards and any and all claims or causes of action, disputes,
controversies or legal proceedings (whether in contract, tort, equity or under any other theory) arising out of, under, pursuant
to, or in any way relating to this Plan, any Grant Agreement or the transactions contemplated hereby and thereby or the negotiation,
execution, performance or enforcement hereof or thereof, including any and all claims (whether in contract, tort, equity or under
any other theory) as to the scope, validity, enforcement, interpretation, construction, and effect hereof and thereof, shall be
governed by and enforced with the laws of the State of Georgia, without regard to the conflicts of law principles that would result
in the application of any law other than the law of the State of Georgia. The Company and each Participant in each such Participant’s
Grant Agreement will agree to the foregoing and will further agree that any suit, action or proceeding against the other arising
out of or relating to this Plan, the Participant’s award and Grant Agreement shall only be brought in any federal or state
court located in the State of Georgia, and each party will agree to submit to the exclusive jurisdiction of such courts for the
purpose of any such suit, action or proceeding, and waives any objection related thereto. The Company and the Participant will
further agree that service of any process, summons, notice or document by U.S. registered mail to such party’s respective
address as provided in the Participant’s Grant Agreement shall be effective service of process for any action, suit or proceeding
in the State of Georgia with respect to any matters to which it has submitted to jurisdiction in the Participant’s Grant
Agreement.

 

(i)           Headings and Subheadings; Rule of Construction. Headings and subheadings in this Plan are inserted for convenience
only and are not to be considered in the construction or interpretation or this Plan or any provision thereof. The word “including”
means “including, without limitation.”

 

(j)           Interpretation. The terms defined in the singular shall have a comparable meaning when used in the plural, and vice
versa.

 

(k)          Gender. The masculine, as used herein, shall be deemed to include the feminine and the singular to include plural,
except where the context requires a different construction.

 

(l)           Amendment to the Operating Agreement. Neither the adoption of this Plan nor any award made hereunder shall restrict
in any way any amendment to the Operating Agreement in accordance with the terms of the Operating Agreement.

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(m)         Amendment and Termination. The Administrator may amend, alter, suspend, discontinue, or terminate this Plan or any
portion thereof at any time; provided, that any such amendment, alteration, suspension, discontinuance or termination that
would materially and adversely affect the rights of any Participant shall not to that extent be effective without the written consent
of a majority-in-interest of all such materially and adversely affected Participants, taking in account, for such purpose, all
such outstanding Incentive Units, whether or not then vested; provided, further, that such consent shall not be required
with respect to an amendment made to conform this Plan to applicable law or the Operating Agreement, as currently in effect or
as the Operating Agreement may subsequently be amended, restated, supplemented or otherwise modified. Nothing in this Plan or in
any Grant Agreement shall require the consent of any holder of any Incentive Units to any amendment of the Operating Agreement.
For the avoidance of doubt, the creation or issuance of additional awards, Membership Units or Incentive Units of the same or any
other class or series (including any amendments to the Company Governing Documents that may be required to establish the rights
and preferences of, and restrictions applicable to, any such other class or series of such additional awards) shall not of itself
constitute a variation, modification or abrogation of the class rights of the holders of any class or series of outstanding awards
and shall not be regarded as an impairment of the Participant’s rights that would require the Participant’s prior written
consent. Termination of this Plan will not affect the rights of the Participant or its successors under any awards outstanding
hereunder at the time of such termination.

 

(n)          Conflict Between this Plan and the Operating Agreement. This Plan and any Grant Agreement are subject to the Operating
Agreement, the terms and provision of which are hereby incorporated herein by reference. In the event of a conflict between any
term or provision contained herein or in a Grant Agreement and a term or provision of the Operating Agreement, the applicable terms
and provisions of the Operating Agreement will govern and prevail.

 

(o)          No Employment or Service Contract. Neither this Plan nor any award granted under this Plan shall (i) confer upon
any person any right to employment or other service or continuance of employment or other service by the Company or any of its
Affiliates, (ii) constitute a contract of employment or service or impose on the Company or any of its Affiliates any obligations
to retain the Participant as an employee or other service provider of the Company or any of its Affiliates, (iii) change the status
of the Participant’s employment or service, or (iv) change the Company or any of its Affiliates’ policies regarding
termination of employment or service. For purposes of this Plan, the continuous employment or service of the Participant with the
Company or any of its Affiliates shall not be deemed interrupted, and the Participant shall not be deemed to have ceased to provide
services or to be employed by the Company or any of its Affiliates, by reason of (i) the transfer of his or her service or employment
among the Company or any of its Affiliates or (ii) the change in the Participant’s relationship from employment to other
service or from other service to employment. Further, absence on leave approved in accordance with the policies, procedures and
practices of the Company or any of its Affiliates shall not be considered interruption or termination of service of any Participant
for any purposes of this Plan or awards granted hereunder.

 

(p)          No Tax Minimization Obligation. The Company has no duty or obligation to minimize the tax consequences of any Incentive
Units granted to a Participant under this Plan.

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(q)          Compliance with Section 409A of the Code. This Plan and any Grant Agreement is intended to be exempt from or comply
with, and shall be administered in a manner that is intended to be exempt from or comply with, Section 409A of the Code and shall
be construed and interpreted in accordance with such intent; to the extent that a payment and/or benefit under the Plan is subject
to Section 409A of the Code, it shall be paid in a manner that will comply with Section 409A of the Code, including proposed, temporary
or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect
thereto. Any provision of this Plan or any Grant Agreement that would cause a payment and/or benefit to fail to be exempt from
or satisfy Section 409A of the Code shall have no force and effect until amended to be exempt from or comply with Section 409A
of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code). Notwithstanding the foregoing,
the Company and its Affiliates shall not be liable to any Participant or any other Person if an award of Incentive Units fails
to be exempt from or comply with Section 409A of the Code.

 

(r)           This Plan shall be unfunded and shall not create (or be construed to create) a trust or separate fund.

 

(s)          Participants shall provide the Company with written statement setting forth the name and contact information of the Participant’s
Beneficiary.

 

(t)           The Company is an intended third party beneficiary under this Plan and shall have the rights, power, and authority to enforce
the provisions of this Plan.

 

9.         Effective Date and Termination Date. This Plan is effective as of the Effective Date, and shall terminate on
(and no further awards shall be granted on or after) the tenth (10th) anniversary of the Effective Date, unless sooner terminated.
Notwithstanding the preceding sentence, this Plan shall continue in effect in respect of all awards which are outstanding as of
such termination date.

 

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Appendix 1

 

Definitions

 

(a)          “Administrator” means the Managers of the Company except that the Managers may designate another person
to perform some or all of the Managers’ functions under this Plan; provided that the authority of any person appointed by
the Managers will be subject to such terms and conditions as the Managers may prescribe and will be coextensive with, and not in
lieu of, the authority of the Managers.

 

(b)          “Affiliate” has the meaning ascribed to such term in the Operating Agreement.

 

(c)          “Award Schedule” means the award schedule attached to the Grant Agreement applicable to an award of Incentive
Units granted under this Plan to a Participant, which sets forth, in the case of a Participant, the Participant’s name, the
number of Incentive Units being granted, the vesting schedule or other terms and conditions that the Administrator has specified
for such Incentive Units, including, any Exercise Price or Profits Interest Threshold, if applicable.

 

(d)          “Beneficiary” means the Person or Persons designated by the Participant, in a writing provided to the
Company prior to the Participant’s death, to receive amounts payable to the Participant under the Company Governing Documents
upon the Participant’s death. In the absence of such a written beneficiary designation, the Beneficiary shall be the Participant’s
surviving spouse, or, if none, the Participant’s estate.

 

(e)          “Cause” as a reason for termination of a Participant’s provision of services shall have the meaning
given to such term in the Participant’s Services Agreement. If the Participant is not a party to a Services Agreement or
is not a party to a Services Agreement in which such term is defined, then unless otherwise defined in the applicable Grant Agreement,
“Cause” means (i) the negligent or willful continued failure of the Participant to substantially perform the
Participant's duties with the Company or any Affiliate (other than any such failure resulting from any mental or physical impairment
of the Participant, but specifically including any material failure by the Participant to meet reasonable performance expectations
set forth by the Company or any Affiliate); (ii) the failure of the Participant to abide by the reasonable and lawful directives
of the Managers of the Company, (iii) the Participant's commitment of any act which, if prosecuted, would constitute a felony,
or the Participant's commitment or conviction of, or plea of no contest to, any crime involving dishonesty, fraud or moral turpitude;
(iv) any conduct by the Participant that causes material harm to the business, standing or reputation of the Company or any Affiliate
or Company’s Members; or (v) any material breach by the Participant of any material obligations the Participant may owe to
the Company or any Affiliate or Company’s Members.

 

(f)           “Class A Units” shall have the meaning ascribed to such term in the Operating Agreement.

 

(g)          “Code” means the Internal Revenue Code of 1986, as amended from time to time.

    	 

    	

    

(h)          “Company Governing Documents” has the meaning ascribed to such term in the recitals of this Plan.

 

(i)           “Effective Date” has the meaning ascribed to such term in the introductory paragraph of this Plan.

 

(j)           “Exercise Price” shall mean the exercise price per Class A Unit purchasable under an Option, which shall
be determined by the Administrator at the time of grant of the Option. The exercise price may not be less than the Liquidation
FMV of the underlying Class A Unit as of the date of grant of the Option.

 

(k)          “Good Reason” shall have the meaning assigned such term in the Participant’s Services Agreement.
If the Participant is not a party to a Services Agreement in which such term is defined, then unless otherwise defined in the applicable
Grant Agreement, “Good Reason” means, without the Participant’s written consent, and only with respect
to the Participant’s employment with the Company or any of its Affiliates:

 

(i)                
any action taken by the Company or any of its Affiliates which results in a material reduction in the Participant’s
authority, duties or responsibilities;

 

(ii)              
the assignment to the Participant of duties that are materially inconsistent with Participant’s authority, duties
or responsibilities;

 

(iii)            
any material decrease in the Participant’s base salary or annual bonus opportunity;

 

(iv)            
the relocation of the Participant’s current place of employment, or any requirement that Participant relocate outside
of the Participant’s current metropolitan area; provided, however, this subsection (iv) shall not apply in the case of business
travel which requires the Participant to relocate temporarily for periods of 30 days or less;

 

(v)              
the failure by the Company or any Affiliate to pay to the Participant any portion of the Participant’s base salary
or annual bonus within 10 days after the date the same is due; or

 

(vi)            
any material failure by the Company or any Affiliate to comply with the terms of the Participant’s Services Agreement.

 

Notwithstanding the above, and without limitation,
“Good Reason” shall not include any resignation by the Participant where Cause for the Participant’s termination
by the Company or an Affiliate exists. The Participant must give the Company or Affiliate notice of any event or condition that
would constitute “Good Reason” within 30 days of the event or condition which would constitute “Good Reason,”
and upon the receipt of such notice the Company or Affiliate shall have 30 days to remedy such event or condition. If such event
or condition is not remedied within such 30-day period, any termination of employment or service by the Participant for “Good
Reason” must occur within 30 days after the period for remedying such condition or event has expired.

    	12

    	

    

(l)           “Grant Agreement” has the meaning ascribed to such term in the Operating Agreement.

 

(m)         “Grant Date” means the date specified by the Administrator on which a grant of an award under this Plan
shall become effective and is granted pursuant to this Plan. The Grant Date shall not be earlier than the date on which the Administrator
takes action with respect thereto.

 

(n)          “Initial Public Offering” shall have the same meaning ascribed to such term in the Operating Agreement.

 

(o)          “Liquidity Event” has the same meaning ascribed to such term in the Operating Agreement.

 

(p)          “Liquidation FMV” shall mean the amount that would be received in respect of such Incentive Unit if all
the Company’s assets were sold at fair market value and the proceeds distributed in complete liquidation of the Company.

 

(q)          “Member” has the same meaning ascribed to such term in the Operating Agreement.

 

(r)          “Membership Units” or “Units” shall have the same meanings ascribed to such terms
in the Operating Agreement.

 

(s)          “Operating Agreement” means that Fourth Amended and Restated Operating Agreement of the Company, dated
as of October 31, 2014, as may be amended, restated, supplemented or otherwise modified from time to time.

 

(t)          “Options” shall mean an Incentive Unit comprised of an option to purchase Class A Units in accordance
with the terms and conditions set forth in the Grant Agreement.

 

(u)          “Participant” shall mean such Person who is eligible for and selected by the Administrator to receive,
as determined by the Administrator, an award of Incentive Units under the Plan, and who has executed a Grant Agreement.

 

(v)          “Person” has the meaning ascribed to such term in the Operating Agreement.

 

(w)         “Plan” means this GreenSky Trade Credit, LLC Equity Incentive Plan as herein set forth and as it may
be amended, restated, supplemented or otherwise modified from time to time as provided herein.

 

(x)          “Profits Interest Threshold” shall have the same meaning ascribed to such term in the Operating Agreement.
The Profits Interest Threshold shall be (i) reduced, as appropriate, for cash or property distributed pursuant to the terms of
the Operating Agreement and (ii) adjusted to take into account any additional Capital Contributions made to the Company by any
Member, to the minimum extent necessary as determined by the Administrator, in good

    	13

    	

    

faith, to prevent any such distributions resulting in any inequitable
dilution in any outstanding Profits Interests and to prevent any such Capital Contributions from causing holders of Profits Interests
from recognizing income solely as the result of such Capital Contributions.

 

(y)          “Profits Interests” shall have the same meaning ascribed to such term in the Operating Agreement.

 

(z)          “Sale of the Business” shall have the same meaning ascribed to such term in the Operating Agreement.

 

(aa)        “Securities Act” shall have the meaning ascribed to such term in the Operating Agreement.

 

(bb)        “Services Agreement” means an employment agreement, a consulting agreement or other agreement between
a Participant and the Company or any of its Affiliates setting forth the terms of employment or provision of consulting services
or other key provisions in connection with or related thereto.

    	14Exhibit 10.25

 

GREENSKY, LLC

 

CLASS A UNIT OPTION
AGREEMENT

 

THIS
CLASS A UNIT OPTION AGREEMENT (this “Option Agreement”) is entered into as of __________, _____, by and
between GreenSky, LLC, f/k/a GreenSky Trade Credit, LLC, a Georgia limited liability company (“GreenSky”),
and _____ (“Employee”).

 

W I T N E S S E T H:

 

WHEREAS,
in connection with Employee’s service with GreenSky, GreenSky desires to grant to Employee certain options to purchase Class A
Units in GreenSky; and

 

WHEREAS,
these Options are being granted pursuant to the Amended and Restated Operating Agreement of GreenSky dated as of August 25, 2016
(the “Operating Agreement”) and have been approved by the Managers of GreenSky.

 

Therefore, the parties hereto agree as follows:

 

1.          Grant
of Option. GreenSky hereby grants to Employee the right and option to purchase from GreenSky, on the terms and
subject to the conditions set forth in this Option Agreement,  _____ Class A Units of GreenSky (such units, the
“Option Units”; such option, the “Option”). The date of grant of the Option (the
“Grant Date”) is __________, ______. The Options will become vested as set forth in Section 3
below and be deemed exercised as set forth in Section 4 below. Unless otherwise provided herein, the terms that are defined
in the Operating Agreement and not defined herein shall have the meanings attributed to them under the Operating
Agreement.

 

2.          Exercise Price of the Option. The exercise price for the Option Units per Class
A Unit (the “Exercise Price”), will be equal to $_____, the fair market value of a Class A Unit on the Grant Date
as determined by the Company based on a recent, independent valuation.

 

3.          Vesting of the Option. Subject to the earlier expiration or termination of this
Option in accordance with its terms, the Options granted under this Option Agreement will become vested as follows:

 

(a)    
The Options will become vested with respect to twenty percent (20%) of the underlying Class
A Units on the first (1st) anniversary of the Grant Date, provided Employee remains in the continuous service of GreenSky from
the Grant Date through such date.

 

(b)   
The Options will become vested with respect to an additional twenty percent (20%) of the underlying
Class A Units on the second (2nd) anniversary of the Grant Date, provided Employee remains in the continuous service of GreenSky
from the Grant Date through such date.

 

(c)    
The Options will become vested with respect to an additional twenty percent (20%) of the underlying
Class A Units on the third (3rd) anniversary of the Grant Date, provided Employee remains in the continuous service of GreenSky
from the Grant Date through such date.

    	 

    	

    

(d)   
The Options will become vested with respect to an additional twenty percent (20%) of the underlying
Class A Units on the fourth (4th) anniversary of the Grant
Date, provided Employee remains in the continuous service of GreenSky from the Grant Date through such date.

 

(e)    
The Options will become vested with respect to the final twenty percent (20%) of the underlying
Class A Units on the fifth (5th) anniversary of the Grant
Date, provided Employee remains in the continuous service of GreenSky from the Grant Date through such date.

 

Notwithstanding
the foregoing, the Options will become vested with respect to one hundred percent (100%) of the underlying Class A Units on a Sale
of the Business (as defined in the Operating Agreement), to the extent not previously vested, provided (i) Employee remains in
the continuous service of GreenSky from the Grant Date until the Sale of the Business or the termination of the Options in connection
with the Sale of the Business, and (ii) to the extent requested by the Company, Employee agrees to continue working for the Company
for ninety (90) days following the Sale of the Business on no less favorable terms and conditions as in effect prior thereto.

 

		4.	Exercise of Option.

 

(a)        Subject
to Section 27 below, the Option shall be deemed exercised, to the extent vested, as set forth in this Section 4. To the extent
still outstanding and not previously deemed exercised, the Option shall be deemed exercised for the then vested Option Units on
the earlier of (i) the date which is ten (10) years following the Grant Date, (ii) the thirtieth (30th) day following
the termination of Employee’s service with GreenSky and (iii) the Sale of the Business provided that, to the extent Section
409A of the Internal Revenue Code of 1986, as amended (the “Code”), applies and it is necessary to avoid non-compliance
therewith, the Sale of the Business constitutes a change in the ownership or effective control of GreenSky, or in the ownership
of a substantial portion of the assets of GreenSky, within the meaning of Section 409A of the Code. Except as otherwise set forth
below, the Class A Units to be delivered upon the deemed exercise of the Option shall be delivered to Employee, or Employee’s
successor on Employee’s death, no later than thirty (30) days following the day that the Option is deemed exercised. Notwithstanding
anything herein to the contrary, the Option may not be exercised (or deemed exercised) by Employee or Employee’s successor
on Employee’s death, at a time selected by Employee or Employee’s successor on Employee’s death, in Employee’s
or Employee’s successor’s discretion, but can only be exercised upon the occurrence of a “deemed exercise”
as set forth in this subsection 4(a).

 

(b)        For purposes of this Section 4, it shall not be considered a termination of Employee’s
service with GreenSky if the termination of Employee’s service with GreenSky does not constitute a “separation from service”
within the meaning of Section 409A of the Code.

 

(c)        Notwithstanding anything herein to the contrary, if at the time of the deemed exercise of
the Option, the fair market value of the Class A Units is equal to or less than the Exercise Price, then the Option shall not be
deemed exercised, and the Option will terminate and expire at such time without any delivery of Class A Units or other payment
therefor. Additionally, the Option shall terminate and expire after the delivery of all Class A Units that are required to be

    	2

    	

    

delivered hereunder or the time at which no Class
A Units will be delivered or other payments made in lieu thereof.

 

(d)        The Option shall be deemed exercised for the vested Option Units at the time described above.
Employee or Employee’s successor on Employee’s death may make payment of the applicable Exercise Price by cash, check
or such other medium of payment as the Managers may permit. If the Managers so permit, payment of the Exercise Price may be made
(i) by surrendering (actually or by attestation) Class A Units to GreenSky that Employee already owns (valuing the Class A Units
at their fair market value as of the date of payment); (ii) by means of a “net exercise procedure” (valuing the Class
A Units at their fair market value as of the date of payment); (iii) by such other medium of payment as the Managers in their discretion
may authorize or (iv) by any combination of the foregoing. If payment is in the form of Class A Units, then the certificates representing
those Class A Units must be duly executed in blank by Employee or Employee’s successor on Employee’s death or must
be accompanied by a power duly executed in blank suitable for purposes of transferring the Class A Units to GreenSky. Fractional
Class A Units may be accepted in payment of the Exercise Price. GreenSky shall not issue the Class A Units until full payment for
them has been made. If Employee does not pay the Exercise Price by the time the Option is deemed exercised, GreenSky, in its sole
discretion, may treat Employee or Employee’s successor on Employee’s death as having elected to pay the Exercise Price
by means of a “net exercise procedure” and GreenSky will withhold from the Class A Units to be delivered to Employee
that number of Class A Units (valued at their fair market value on the date of payment) which equals the applicable Exercise Price.
Notwithstanding the foregoing, however, GreenSky is not required to exercise such discretion, and if Employee or Employee’s
successor on Employee’s death does not pay the applicable Exercise Price by the time the Option is deemed exercised, all
rights Employee or Employee’s successor has in the Option shall expire and be forfeited, the Option shall not be deemed exercised
and the Option will terminate and expire at such time without any delivery of Class A Units or other payment therefor.

 

(e)        As a further condition precedent to the deemed exercise of the Option, Employee or Employee’s
successor, as applicable, shall comply with all regulations and the requirements of any regulatory authority having control of,
or supervision over, the issuance of Class A Units and accordingly shall execute any documents that the Managers of GreenSky, in
their sole discretion, deem necessary or advisable to effect such compliance prior to the time the Option is deemed exercised.

 

(f)        To the extent the Option is to be deemed exercised on the Sale of the Business, GreenSky will
take commercially-reasonably measures to notify Employee of such deemed exercise at least thirty (30) days prior to the Sale of
the Business, so as to permit Employee to pay the Exercise Price and remit applicable tax withholdings by the close of business
on the day prior to the Sale of the Business.

 

5.          Non-Transferability of Option. Employee shall not assign or transfer the Option,
other than by will or the laws of descent and distribution. No right or interest of Employee or any successor on Employee’s
death in this Option shall be subject to any lien or any obligation or liability of Employee or any successor on Employee’s
death.

    	3

    	

    

6.          Termination
of Option.

 

(a)    
The portion of the vested Option that is not deemed exercised pursuant to Section 4 as of
the thirtieth (30th) day following the date of termination
of Employee’s service with GreenSky will terminate automatically at the close of business on that date (or if termination of Employee’s
service is by GreenSky for Cause, retroactive to the date GreenSky provided Employee with written notice of Employee’s failure
that constituted Cause). For purposes of this Agreement, “Cause” means (1) the negligent or willful continued failure
of Employee to substantially perform Employee’s duties with GreenSky (other than any such failure resulting from any mental or
physical impairment of Employee, but specifically including any material failure by Employee to meet reasonable performance expectations
set forth by GreenSky); (2) the failure to abide by the reasonable and lawful directives of the Managers of the Company, (3) Employee’s
commitment of any act which, if prosecuted, would constitute a felony, or Employee’s commitment or conviction of, or plea of no
contest to, any crime involving dishonesty, fraud or moral turpitude; (4) any conduct by Employee that causes material harm to
the business, standing or reputation of GreenSky or its Members; or (5) any material breach by Employee of any material obligations
Employee may owe to GreenSky or its Members.

 

(b)   
This Option Agreement and any portion of the vested Option not either terminated pursuant
to subsection 6(a) or already deemed exercised will terminate automatically and without further notice at the close of business
on the day prior to the day the Option would be deemed exercised in the event Employee or Employee’s successor on Employee’s
death has not paid the Exercise Price or applicable tax withholdings prior to such time.

 

(c)    
In no event may the Option be deemed exercised after termination pursuant to subsections 6(a)
or 6(b) above.

 

(d)   
The portion of the Option that is not vested at such time will terminate automatically at
the close of business on the date of termination of Employee’s service with GreenSky (or if termination of Employee’s
service is by GreenSky for Cause, retroactive to the date GreenSky provided Employee with written notice of Employee’s failure
that constituted Cause).

 

(e)    
The Company shall have the right, upon notice to Employee, to substitute a profits interest
for part or all of the Option, including through the capping of the Option and issuing a profits interest in substitution for future
appreciation, provided that the Option is treated substantially similarly to other outstanding options to purchase Class A Units
held by other Managers and employees of the Company.

 

7.          Investment Representations. GreenSky may require Employee or Employee’s
successor on Employee’s death, as a condition of exercising the Option, to give written assurances in substance and form
satisfactory to GreenSky to the effect that Employee or Employee’s successor on Employee’s death is acquiring the Class
A Units for Employee’s own account for investment and not with any present intention of selling or otherwise distributing
them, and to such other effect as GreenSky deems necessary or appropriate in order to comply with applicable federal and state
securities laws.

    	4

    	

    

8.          Compliance with Law. The Option is subject to the requirement that, if at any
time counsel to GreenSky determines that the listing, registration or qualification of Class A Units upon any securities exchange
or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition
of, or in connection with, the issuance or purchase of the Class A Units, then the Option may not to be deemed exercised unless
the listing, registration, qualification, consent or approval has been effected or obtained on conditions acceptable to the Managers.
Nothing in this Option Agreement will be deemed to require GreenSky to apply for or to obtain the listing, registration, qualification,
consent or approval.

 

9.          Recapitalization.
If the outstanding Class A Units are changed into or exchanged for a different number or kind of units or other securities of
GreenSky by reason of any recapitalization, reclassification, unit split, unit dividend, combination, subdivision or similar transaction,
then, subject to any required action by GreenSky’s Members, the number of Option Units, the kind of units or other securities
of GreenSky subject to the Option and the Exercise Price are to be proportionately adjusted. All adjustments made by the Managers
under this Section 9 will be final, conclusive and binding upon all parties. Notwithstanding the foregoing, however, the issuance
by the Company of Units of any class, or securities convertible into Units of any class, for cash or property, or for labor or
services, either upon direct sale or issuance or upon the exercise of rights or warrants to subscribe therefore, or upon conversion
of Units or other obligations of the Company, shall not affect, and no adjustment by reason thereof shall be made with respect
to, this Option, any Option Units covered under this Option Agreement or any Class A Units acquired pursuant to this Option.

 

10.          Reorganization. If, while all or any portion of the Option remains outstanding,
GreenSky proposes to merge or consolidate with another entity, whether or not GreenSky is to be the surviving entity, or form a
holding company, or if GreenSky proposes to liquidate or sell or otherwise dispose of substantially all of its assets or substantially
all of the outstanding Units of GreenSky are to be sold, or a Sale of the Business occurs, then the Managers may, in their sole
discretion, either (a) make appropriate provision for the protection of the Option by the substitution on an equitable basis of
(i) appropriate units or securities of the surviving entity or its parent in the merger or consolidation or of the other reorganized
entity that will be issuable in respect to the Option Units, or (ii) any alternative consideration as the Managers, in good faith,
may determine to be equitable in the circumstances; and, in either case, require in connection therewith the surrender of the Option
so replaced; or (b) in the case of a Sale of the Business, provide that the unexercised portion of the Option, to the extent vested,
will be deemed exercised, to the extent permitted by Section 409A of the Code if it applies and to the extent reservation or exercise
of such authority does not result in adverse accounting consequences to GreenSky. In any such case, the Managers may, in their
discretion, accelerate the date on which the Option, in whole or in part, becomes vested.

 

11.          Rights as Member. Neither Employee nor Employee’s successor on Employee’s
death will have any of the rights or privileges of a Member of GreenSky in respect of any of the Option Units unless and until
the Option has been deemed exercised, the Option Units have been fully paid, all applicable tax withholdings have been satisfied
and the name of Employee or Employee’s successor on Employee’s death has been entered as the owner of record on GreenSky’s
books. Notwithstanding any of the other provisions of this Agreement, Employee or Employee’s successor on Employee’s death
shall not become a Member and owner of record on GreenSky’s

    	5

    	

    

books of the Class A Units
to be delivered pursuant to the deemed exercise of the Option unless and until Employee or Employee’s successor on Employee’s
death has executed a written joinder agreement to the Operating Agreement by the time the Option is deemed exercised. All Class
A Units that Employee or Employee’s successor on Employee’s death acquires pursuant to the Option shall be subject to the
terms of the Operating Agreement.

 

12.          Withholding of Taxes. GreenSky’s obligation to deliver Class A Units upon
the deemed exercise of the Option is subject to satisfaction by Employee or Employee’s successor on Employee’s death
of any applicable federal, state and local income and employment tax withholding requirements in a manner and form satisfactory
to GreenSky. In accordance with procedures that the Managers may establish, the Managers, to the extent applicable law permits,
may allow Employee or Employee’s successor on Employee’s death to pay any such amounts (i) by surrendering (actual
or by attestation) Class A Units that the Employee or Employee’s successor on Employee’s death already owns (but only
for the minimum required withholding); (ii) by means of a “net exercise” procedure (but only for the minimum required
withholding); (iii) by such other medium of payment as the Managers in their discretion shall authorize; or (iv) by any combination
of the foregoing. Notwithstanding any other provision of this Agreement, the Option shall be forfeited and terminated without any
delivery of the Class A Units or any other payment therefore if Employee or Employee’s successor on Employee’s death
does not satisfy any applicable federal, state and local income and employment tax withholding requirements in a manner and form
satisfactory to GreenSky by the time the Option is deemed exercised.

 

13.          No Special Service Rights. No provision in this Option Agreement will be deemed
to grant to Employee any right with respect to Employee’s continued service with, or other engagement by, GreenSky or interfere
in any way with the ability of GreenSky at any time to terminate Employee’s service or other engagement.

 

14.          Interpretation of this Option Agreement. All decisions and interpretations made
by the Managers with regard to any question arising under this Option Agreement will be binding and conclusive on all parties.

 

15.          Choice of Law. This Option Agreement is to be governed by the internal law,
and not the laws of conflicts, of the State of Georgia.

 

16.          Successors and Assigns. Subject to Section 5, this Option Agreement is to bind
and inure to the benefit of and be enforceable by Employee and Employee’s respective heirs, executors, personal representatives,
successors and assigns and GreenSky and its respective successors and assigns.

 

17.          Notices. Any notice provided for in this Option Agreement must be in writing
and is to be either delivered by nationally recognized overnight carrier or by hand or by messenger, and shall be addressed to
the intended recipient at such recipient’s address appearing in the Exhibits to the Operating Agreement or, at the Company’s principal
office, in case of notices to the Company, or at such other address as such intended recipient party shall furnish to the sending
party. Each such notice or other communication shall for all purposes of this Agreement be treated as effective or having been
given when delivered or when delivery is refused.

    	6

    	

    

18.          Severability. Whenever possible, each provision of this Option Agreement is
to be interpreted in a manner as to be effective and valid under applicable law, but if any provision of this Option Agreement
is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any particular jurisdiction,
that invalidity, illegality or unenforceability is not to affect any other provision or any other jurisdiction, and this Option
Agreement shall be reformed, construed and enforced in the particular jurisdiction as if the invalid, illegal or unenforceable
provision had never been contained herein.

 

19.          Complete Agreement. This Option Agreement embodies the complete agreement and
understanding between the parties with respect to the subject matter hereof and effective as of its date supersedes and preempts
any prior understandings, agreements or representations by or between the parties, written or oral, that may have related to the
subject matter hereof in any way.

 

20.          Amendment and Waiver. Subject to the next sentence, the provisions of this Option
Agreement may be amended or waived only with the prior written consent of GreenSky and Employee, and no course of conduct or failure
or delay in enforcing the provisions of this Option Agreement is to affect the validity, binding effect or enforceability of this
Option Agreement. GreenSky unilaterally may waive any provision of this Option Agreement in writing to the extent that the waiver
does not adversely affect the interests of Employee under this Option Agreement, but the waiver is not to operate as or be construed
to-be a subsequent waiver of the same provision or a waiver of any other provision of this Option Agreement.

 

21.          No Representations Contrary to this Option Agreement. The terms of Employee’s
grant of the Option hereunder are set forth in this Option Agreement, which cannot be changed by the promises of any individual
employee, officer, director or Manager of GreenSky. Only GreenSky may change the terms of this Option Agreement, and then only
through a written amendment made in accordance with Section 20 of this Option Agreement. No promises (oral or written) that are
contrary to the terms of this Option Agreement are binding upon GreenSky or its Managers (whether such promises were made prior
to the date hereof or are made after the date hereof).

 

22.          Section 409A. It is intended that this Option be exempt from, or comply with,
the requirements applicable to nonqualified deferred compensation subject to Section 409A of the Code. For purposes of this Option
Agreement, any action taken with respect to the Option shall be undertaken in a manner that will not negatively affect the status
of the Option as exempt from, or in compliance with, treatment as deferred compensation subject to Section 409A of the Code, unless
such action otherwise complies with Section 409A of the Code to the extent necessary to avoid noncompliance. Notwithstanding the
foregoing, neither GreenSky, the Managers nor any of their representatives or agents shall be liable to Employee in the event the
Option fails to comply with, or otherwise be exempt from, Section 409A of the Code.

 

23.          Operating Agreement. As a condition to the deemed exercise of the Option, Employee
shall execute such documents that GreenSky may require to evidence the fact Employee agrees that Employee’s acquisition of the
Class A Units is subject to the terms and conditions of the Operating Agreement, as amended from time to time, and that Employee
shall be bound by the Operating Agreement in the same manner as if Employee were an original signatory thereto.

    	7

    	

    

24.          Administration. This Agreement shall be administered by the Managers. The Managers
may from time to time adopt rules and regulations for carrying out the intent and operation of this Option. The determination of
the Managers and its interpretation and construction of any provision of this Agreement shall be final and conclusive on Employee
and the Manager’s interpretation and construction of any provision of the Option shall be final and conclusive on all persons.

 

25.          GreenSky Call Rights. GreenSky or its assignee shall have the option (but not
the obligation) to repurchase all or any portion of the Class A Units delivered to Employee or Employee’s successor on Employee’s
death pursuant to the terms of this Option, on the terms and conditions set forth below, on and after the termination of Employee’s
service with GreenSky for any reason whatsoever (the “Termination Date”). GreenSky or its assignee may elect, on and
after the Termination Date, to repurchase any of the Class A Units delivered to Employee or Employee’s successor on Employee’s
death pursuant to the exercise of the Option by giving Employee or Employee’s successor on Employee’s death written
notice of exercise of its repurchase right hereunder no earlier than six (6) months following the date the Option is deemed exercised
(or such other date as is necessary to avoid adverse accounting consequences as the result of GreenSky’s repurchase right
hereunder). GreenSky or its assignee shall have the option to repurchase the Class A Units from Employee or Employee’s successor
on Employee’s death, as the case may be, at their then repurchase price as defined herein (the “Repurchase Price”).
Repurchase Price shall mean, on any given date, the product of (a) five (5) multiplied by (b) the earnings before interest, taxes,
depreciation and amortization of GreenSky for the four (4) fiscal quarters of GreenSky most recently completed at least thirty
(30) days prior to the date of the determination, less (c) GreenSky’s total debt, with the result divided by the number of
outstanding Units (and profits interest) on a fully diluted basis. For these purposes, earnings before interest, taxes, depreciation,
and amortization shall be determined in a manner consistent with the manner used by GreenSky in preparing its audited annual financial
statements. Notwithstanding the foregoing definition of “Repurchase Price,” however, in no event may the Repurchase Price
be greater than the fair market value of the Class A Units as of the date of the determination and, for any determination made
on or after a Sale of the Business, the Repurchase Price will be determined consistent with the methodology used to determine the
fair market value of the Class A Units in the Sale of the Business. The Repurchase Price shall be payable, at the option of GreenSky
or its assignee, by check or wire transfer. Notwithstanding the foregoing, GreenSky or its assignee shall have the right to pay
all or any portion of the Repurchase Price by issuing to Employee or Employee’s successor on Employee’s death an unsecured
promissory note which shall accrue interest at the national prime rate as reflected in The Wall Street Journal on the date
of exercise of the repurchase right and shall be payable in twelve (12) equal monthly installments of principal and interest, commencing
one (1) month following the date of exercise of the repurchase right. Employee or Employee’s successor on Employee’s
death hereby acknowledges that any Class A Units delivered to Employee or Employee’s successor on Employee’s death
pursuant to the Option may not be sold or otherwise transferred other than as set forth in the Operating Agreement or by operation
of law.

 

26.          Accord and Satisfaction. Employee agrees to be bound by this Option Agreement
in order to receive the grant of the Option hereunder. By signing this Option Agreement, Employee accepts the grant of the Option
described herein as a final accord and satisfaction of any and all rights Employee has, or may have, to acquire any Class A Units
or other Membership Interests (as

    	8

    	

    

defined in the Operating Agreement)
of GreenSky, or to receive an option to acquire the same, including without limitation any such rights conferred pursuant to any
offer letter, employment agreement, option or similar agreement between GreenSky and Employee or pursuant to any other oral or
written communication by GreenSky or its Managers, employees, officers or directors to Employee or otherwise.

 

27.          General Release. For and in consideration of the grant of the Option hereunder,
Employee hereby releases, acquits, and forever discharges GreenSky and all affiliates, parents, subsidiaries, partners, joint ventures,
owners, and shareholders, and all of their officers, directors, employees, representatives, and agents, and all successors and
assigns thereof (each a “Released Party”), from any and all claims, charges, complaints, demands, liabilities, obligations,
promises, agreements, controversies, damages, actions, causes of action, suits, rights, entitlements, costs, losses, debts, and
expenses (including attorneys’ fees and legal expenses), of any nature whatsoever, known or unknown, which Employee now has,
had, or may hereafter claim to have had against GreenSky or any other Released Party, of any kind or nature whatsoever, arising
from any act, omission, transaction, matter, or event which has occurred or is alleged to have occurred up to the date Employee
executes this Option Agreement.

 

The
claims knowingly and voluntarily released herein include, but are not limited to, all (i) claims relating in any way to Employee’s
employment with GreenSky, whether such claims are now known or are later discovered, including claims under the Age Discrimination
in Employment Act, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 1981, the Americans with Disabilities Act, the Family
and Medical Leave Act, the Fair Labor Standards Act or other federal or state wage and hour laws, the Employee Retirement Income
Security Act, (ii) claims for breach of contract or infliction of emotional distress, (iii) claims under any other federal or state
law pertaining to employment or employment benefits, (iv) claims relating to any rights to acquire Class A Units or other Membership
Interests in GreenSky or options to acquire same, and (v) any other claims of any kind based on any contract, tort, ordinance,
regulation, statute, or constitution; provided, however, that nothing in this Option Agreement shall be interpreted to release
any claims which Employee may have for workers compensation benefits. Employee acknowledges that this Option Agreement may be pled
as a complete defense and shall constitute a full and final bar to any claim based on any such act, omission, transaction, matter,
or event which has occurred or is alleged to have occurred up to the date Employee executes this Option Agreement.

 

Employee
acknowledges that Employee has read and understands this Option Agreement, that Employee has been provided a period of
twenty-one (21) calendar days to consider its terms, and that Employee has been advised in writing to discuss its terms with
an attorney or other advisor before executing it. This Option Agreement will not become effective and enforceable until seven
(7) days after Employee executes it. Employee further understands that Employee may revoke this Option Agreement within seven
(7) calendar days after having signed it by delivering written notice of revocation to General Counsel, GreenSky, LLC,
5565 Glenridge Connector, Suite 700, Atlanta, GA 30342. If the end of such revocation period falls on a Saturday, Sunday
or legal holiday in the State of Georgia, the revocation period shall be extended until the next day that is not a Saturday,
Sunday or legal holiday in the State of Georgia. Notwithstanding anything contained herein to the contrary, Employee
understands and agrees that, if Employee fails to sign this Option Agreement on or before the expiration of twenty-one (21)
days after the day Employee received it, or if Employee revokes the Option Agreement before the expiration of the
revocation

    	9

    	

    

period, this Option Agreement
shall be canceled and void, and neither party shall have any rights or obligations arising under it, and Employee will not be entitled
to receive any payments or benefits under this Option Agreement not otherwise payable absent this Option Agreement. Notwithstanding
any other provision of this Option Agreement, the Option shall not be deemed exercised until the expiration of thirty (30) days
after the date hereof. Any deemed exercise that would otherwise occur during such thirty (30) days shall be deemed to have occurred
on the thirty- first (31st) day after the date hereof.

 

The parties are signing this Option Agreement as
of the date stated above.

 

	 	GREENSKY:
	 	 
	 	GREENSKY, LLC
	 	 
	 	By: 

	 	Name: 

	 	Title: 

 

	 	EMPLOYEE:
	 	 
	 	 
	 	Name:

    	10

    	

    

 

GREENSKY TRADE CREDIT, LLC

AMENDMENT OF CLASS A UNIT OPTION AGREEMENT

 

THIS AMENDMENT OF CLASS A
UNIT OPTION AGREEMENT (this Amendment”) is entered into as of October 1, 2015, by and between GREENSKY TRADE
CREDIT, LLC, a Georgia limited liability company (“GreenSky”) and ____________________
(“Employee”). Capitalized terms used herein but not defined shall have the same meanings ascribed to
such terms in the Amended and Restated Operating Agreement of GreenSky Trade Credit, LLC dated as of October 31, 2014, as
amended, restated, supplemented or otherwise modified from time to time (the “Operating Agreement”). 

 

R E C I T A L S 

 

A.                GreenSky
previously granted to Employee the right and option (the “Option”) to purchase from GreenSky _____ Class A
Units of GreenSky on the terms and subject to the conditions set forth in the GreenSky Trade Credit, LLC Class A Unit
Option Agreement dated as of ________, 20__, (the “Option Agreement”).

 

B.                
GreenSky now proposes to grant to Employee certain Incentive Units in GreenSky contingent
on Employee’s agreement to amend the Option Agreement to provide that the number of Class A Units that Employee may acquire
under the Option Agreement shall be limited to that number of Class A Units whose aggregate Liquidation FMV equals the number of
Class A Units with respect to which the Option is vested multiplied by the per-Incentive Unit Profits Interest Threshold of the
Incentive Units awarded to Employee, contemporaneously herewith, under the GreenSky Trade Credit, LLC Incentive Unit Grant Agreement
dated October 1, 2015 (the “Grant Agreement”), a copy of which is attached hereto.

 

NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

A G R E E M E N T S  

 

1.                 
Grant of Incentive Units. Contemporaneously
with, and contingent upon, entering into this Amendment, GreenSky has granted to Employee _____ Incentive Units pursuant to the
Grant Agreement. The Incentive Units have a Profits Interest Threshold of $76.00 per Incentive Unit.

 

2.                 
Amendment of Option. Employee’s Option
Agreement is hereby amended to provide that the maximum number of Class A Units that Employee can purchase under the Option Agreement
shall be capped at that number of Class A Units whose Liquidation FMV equals the number of Class A Units with respect to which
the Option is vested multiplied by the Profits Interest Threshold of $76.00 per Incentive Unit.

 

3.                 
Exercise Price. In conjunction with the cap
on the number of Class A Units that can be purchased under the Option, the Exercise Price of the Option will be adjusted so that
the Exercise Price per Class A Unit shall be the amount that equals (i) the Exercise Price set forth in the Option Agreement multiplied
by the number of Class A Units with respect to which the Option is vested prior to taking into account the limitation set forth
in Section 2 above divided by (ii) the maximum aggregate Class A Units with respect to which the Option is vested at the time
of exercise taking into account the limitation set

    	11

    	

    

forth in Section 2 above. The purpose of this adjustment
is to cap the economic value of the Option to the amount that equals the Liquidation FMV of the underlying Class A Units at the
time of this Amendment over the Exercise Price of the Option before the adjustment described in this Section 3. The terms of this
Amendment shall be construed to effectuate such intent.

 

4.                 
Forfeiture. Notwithstanding any other provision
of this Amendment, should this Amendment not be effective, the parties agree that the grant of Incentive Units described above
shall be forfeited, the Grant Agreement will be null and void ab initio and of no force or effect, and GreenSky shall have
no obligation to Employee with respect to the forfeited Incentive Units.

 

5.                 
Miscellaneous. The terms of the Option shall
remain in effect as set forth originally except for the changes set forth in this Amendment.

 

The parties are signing this Amendment as of the
date set forth above.

 

	 	GREENSKY TRADE CREDIT, LLC
	 	 
	 	By: 

	 	Name: Robert Partlow
	 	Title: Chief Financial Officer 

 

	 	EMPLOYEE
	 	 
	 	 	By: 

	 	 	Name: 

	 	 	Address: 

    	12

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