Document:

2005 Stock Option and Grant Plan

 Exhibit 10.1 
 WALCO INTERNATIONAL HOLDINGS, INC. 
 Amended and Restated 2005 Stock Option and Grant Plan

  

	SECTION 1.	GENERAL PURPOSE OF THE PLAN; DEFINITIONS 

 The name of the plan is the Walco International Holdings, Inc. Amended and Restated 2005 Stock Option and Grant Plan (the “Plan”). The purpose of the Plan is to encourage and enable the officers, employees, directors, consultants
and other key persons of Walco International Holdings, Inc., a Delaware corporation (the “Company”) and its Subsidiaries, upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its business to
acquire a proprietary interest in the Company. It is anticipated that providing such persons with a direct stake in the Company’s welfare will assure a closer identification of their interests with those of the Company, thereby stimulating
their efforts on the Company’s behalf and strengthening their desire to remain with the Company. 
 The following terms shall be defined
as set forth below: 
 “Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder.

 “Award” or “Awards,” except where referring to a particular category of grant under the Plan, shall
include Incentive Stock Options, Non-Qualified Stock Options, Restricted Stock Awards, Unrestricted Stock Awards, or any combination of the foregoing. 
 “Board” means the Board of Directors of the Company or its successor entity. 
 “Cause” has the meaning set forth in the grantee’s employment agreement with the Company or any of its Subsidiaries, or if the grantee is not party to such an employment agreement, means a vote of the Board resolving
that the grantee should be dismissed as a result of (i) the grantee’s refusal or failure to perform (other than by reason of disability), or material negligence in the performance of, his or her duties and responsibilities to the Company
or any of its Subsidiaries or his or her refusal or failure to use his or her best efforts to follow or carry out any reasonable direction of the Company’s chief executive officer or the Board or the chief executive officer or board of
directors of Walco International, Inc.; (ii) material breach by the grantee of any provision of such grantee’s employment agreement or any other agreement between the grantee and the Company or any of its Subsidiaries; (iii) the
commission of fraud, embezzlement, theft or other dishonesty by the grantee with respect to the Company or any of its Subsidiaries; (iv) the grantee’s indictment, conviction or plea of nolo contendere to any felony or any other crime
involving dishonesty, deceit, harassment, theft, fraud or moral turpitude (“indictment,” for these purposes, meaning an indictment, probable cause hearing or any other procedure pursuant to which an initial determination of probable or
reasonable cause with respect to such offense is made); or (v) any conduct that involves a breach of fiduciary obligation 

 
on the part of the grantee or otherwise could reasonably be expected to have a material adverse effect upon the business, interests or reputation of the
Company or any of its Subsidiaries. 
 “Code” means the Internal Revenue Code of 1986, as amended, and any successor Code,
and related rules, regulations and interpretations. 
 “Committee” has the meaning specified in Section 2. 

“Effective Date” means the date on which the Plan is approved by stockholders as set forth at the end of this Plan. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. 
 “Fair Market Value” of the Stock on any given date means the fair market value of the Stock determined in good faith by the Committee;
provided, however, that (i) if the Stock trades on a national securities exchange, the Fair Market Value on any given date is the closing sale price on such date; (ii) if the Stock does not trade on any national securities
exchange but is admitted to trading on the National Association of Securities Dealers, Inc. Automated Quotation System (“NASDAQ”), the Fair Market Value on any given date is the closing sale price as reported by NASDAQ on such date; or if
no such closing sale price information is available, the average of the highest bid and lowest asked prices for the Stock reported on such date. For any date that is not a trading day, the Fair Market Value of the Stock for such date will be
determined by using the closing sale price or the average of the highest bid and lowest asked prices, as appropriate, for the immediately preceding trading day. The Committee can substitute a particular time of day or other measure of closing sale
price if appropriate because of changes in exchange or market procedures. Notwithstanding the foregoing, if the date for which Fair Market Value is determined is the first day when trading prices for the Stock are reported on NASDAQ or trading on a
national securities exchange, the Fair Market Value shall be the “Price to the Public” (or equivalent) set forth on the cover page for the final prospectus relating to the Company’s Initial Public Offering. 
 “Good Reason” has the meaning set forth in the grantee’s employment agreement with the Company or any of its Subsidiaries, or if
the grantee is not party to such an employment agreement, means the occurrence of any of the following events: (i) a substantial adverse change in the nature or scope of the grantee’s responsibilities, authorities, powers, functions or
duties; or (ii) an involuntary reduction in the grantee’s annual base salary except for across-the-board salary reductions similarly affecting all or substantially all management employees. 
 “Incentive Stock Option” means any Stock Option designated and qualified as an “incentive stock option” as defined in
Section 422 of the Code. 
 “Initial Public Offering” means the consummation of the first fully underwritten, firm
commitment public offering pursuant to an effective registration statement under the Act covering the offer and sale by the Company of its equity securities, as a result of or following which the Stock shall be publicly held. 
  

 2 

 “Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock
Option. 
 “Option” or “Stock Option” means any option to purchase shares of Stock granted pursuant to
Section 5. 
 “Restricted Stock Award” means Awards granted pursuant to Section 6. 
 “Stock” means, collectively, the Series A Preferred Stock, par value $0.01 per share, and the Common Stock, par value $0.01 per share,
of the Company, subject to adjustments pursuant to Section 3. 
 “Subsidiary” means any corporation or other entity
(other than the Company) in any unbroken chain of corporations or other entities beginning with the Company if each of the corporations or entities (other than the last corporation or entity in the unbroken chain) owns stock or other interests
possessing 50 percent or more of the economic interest or 50 percent or more of the total combined voting power of all classes of stock or other interests in one of the other corporations or entities in the chain. 
 “Unrestricted Stock Award” means any Award granted pursuant to Section 7. 
  

	SECTION 2.	ADMINISTRATION OF PLAN; COMMITTEE AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS 

 (a) Administration of Plan. The Plan shall be administered by the Board, or at the discretion of the Board, by a committee of the Board, comprised,
except as contemplated by Section 2(c), of not less than two Directors. All references herein to the Committee shall be deemed to refer to the group then responsible for administration of the Plan at the relevant time (i.e., either the Board of
Directors or a committee or committees of the Board, as applicable). 
 (b) Powers of Committee. The Committee shall have the power
and authority to grant Awards consistent with the terms of the Plan, including the power and authority: 
 (i) to select the
individuals to whom Awards may from time to time be granted; 
 (ii) to determine the time or times of grant, and the extent,
if any, of Incentive Stock Options, Non-Qualified Stock Options, Restricted Stock Awards, Unrestricted Stock Awards, or any combination of the foregoing, granted to any one or more grantees; 
 (iii) to determine the number of shares of Stock to be covered by any Award; 
 (iv) to determine and modify from time to time the terms and conditions, including restrictions, not inconsistent with the terms of the
Plan, of any Award, which terms and conditions may differ among individual Awards and grantees, and to approve the form of written instruments evidencing the Awards; 
  

 3 

 (v) to accelerate at any time the exercisability or vesting of all or any portion of any
Award; 
 (vi) to impose any limitations on Awards granted under the Plan, including limitations on transfers, repurchase
provisions and the like and to exercise repurchase rights or obligations; 
 (vii) subject to the provisions of
Section 5(a)(ii), to extend at any time the period in which Stock Options may be exercised; 
 (viii) to determine at any
time whether, to what extent, and under what circumstances distribution or the receipt of Stock and other amounts payable with respect to an Award shall be deferred either automatically or at the election of the grantee and whether and to what
extent the Company shall pay or credit amounts constituting interest (at rates determined by the Committee) or dividends or deemed dividends on such deferrals; and 
 (ix) at any time to adopt, alter and repeal such rules, guidelines and practices for administration of the Plan and for its own acts and
proceedings as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award (including related written instruments); to make all determinations it deems advisable for the administration of the Plan; to decide all disputes
arising in connection with the Plan; and to otherwise supervise the administration of the Plan. 
 All decisions and interpretations of the
Committee shall be binding on all persons, including the Company and Plan grantees. 
 (c) Delegation of Authority to Grant Awards.
The Committee, in its discretion, may delegate to the Chief Executive Officer of the Company all or part of the Committee’s authority and duties with respect to the granting of Awards at Fair Market Value, and in the event of such delegation,
such Chief Executive Officer shall be deemed a one-person Committee of the Board. Any such delegation by the Committee shall include a limitation as to the amount of Awards that may be granted during the period of the delegation and shall contain
guidelines as to the determination of the exercise price of any Option, the conversion ratio or price of other Awards and the vesting criteria. The Committee may revoke or amend the terms of a delegation at any time but such action shall not
invalidate any prior actions of the Committee’s delegate or delegates that were consistent with the terms of the Plan. 
 (d)
Indemnification. Neither the Board nor the Committee, nor any member of either or any delegatee thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and
the members of the Board and the Committee (and any delegatee thereof) shall be entitled in all cases to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, reasonable
attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors’ and officers’ liability insurance coverage which may be in effect from time to time. 
  

 4 

	SECTION 3.	STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION 

 (a) Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be Ninety Thousand (90,000) shares of Series A Preferred Stock and Four Million Seven Hundred Thousand
(4,700,000) shares of Common Stock, subject to adjustment as provided in Section 3(b). For purposes of this limitation, the shares of Stock underlying any Awards which are forfeited, canceled, reacquired by the Company, satisfied without
the issuance of Stock or otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under the Plan. Subject to such overall limitation, shares of Stock may be issued up to such maximum number
pursuant to any type or types of Award; provided, however, that from and after the date the Company becomes subject to the deduction limit imposed by Section 162(m) of the Code, Stock Options with respect to no more than 100,000 shares of Stock
may be granted to any one individual grantee during any one calendar year period. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company and held in its treasury.

 (b) Changes in Stock. Subject to Section 3(c) hereof, if, as a result of any reorganization, recapitalization,
reclassification, stock dividend, stock split (other than the 10:1 stock split effected in September 2005), reverse stock split or other similar change in the Company’s capital stock, the outstanding shares of Stock are increased or decreased
or are exchanged for a different number or kind of shares or other securities of the Company, or additional shares or new or different shares or other securities of the Company or other non-cash assets are distributed with respect to such shares of
Stock or other securities, or, if, as a result of any merger, consolidation or sale of all or substantially all of the assets of the Company, the outstanding shares of Stock are converted into or exchanged for a different number or kind of
securities of the Company or any successor entity (or a parent or subsidiary thereof), the Committee shall make an appropriate or proportionate adjustment in (i) the maximum number of shares reserved for issuance under the Plan, (ii) the
number of Stock Options that can be granted to any one individual grantee, (iii) the number and kind of shares or other securities subject to any then outstanding Awards under the Plan, (iv) the repurchase price per share subject to each
outstanding Restricted Stock Award, and (v) the exercise price and/or exchange price for each share subject to any then outstanding Stock Options under the Plan, without changing the aggregate exercise price (i.e., the exercise price multiplied
by the number of Stock Options ) as to which such Stock Options remain exercisable. The adjustment by the Committee shall be final, binding and conclusive. No fractional shares of Stock shall be issued under the Plan resulting from any such
adjustment, but the Committee in its discretion may make a cash payment in lieu of fractional shares. 
 The Committee may also adjust the
number of shares subject to outstanding Awards and the exercise price and the terms of outstanding Awards to take into consideration material changes in accounting practices or principles, extraordinary dividends, acquisitions or dispositions of
stock or property or any other event if it is determined by the Committee that such adjustment is appropriate to avoid distortion in the operation of the Plan, provided that no such adjustment shall be made in the case of an Incentive
Stock Option, without the consent of the grantee, if it would constitute a modification, extension or renewal of the Option within the meaning of Section 424(h) of the Code. 
  

 5 

 (c) Mergers and Other Sale Events. In the case of and subject to the consummation of (i) the
dissolution or liquidation of the Company, (ii) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger, reorganization or consolidation in which the
outstanding shares of Stock are converted into or exchanged for securities of the successor entity and the holders of the Company’s outstanding voting power immediately prior to such transaction do not own a majority of the outstanding voting
power of the successor entity immediately upon completion of such transaction, (iv) the sale of all or a majority of the outstanding capital stock of the Company to an unrelated person or entity or (v) any other transaction in which, the
owners of the Company’s outstanding voting power prior to such transaction do not own at least a majority of the outstanding voting power of the successor entity immediately upon completion of the transaction (in each case, regardless of the
form thereof, a “Sale Event”), unless otherwise provided in the Award agreement, the Plan and all outstanding Options issued hereunder shall terminate upon the effective time of any such Sale Event, unless provision is made in connection
with such transaction in the sole discretion of the parties thereto for the assumption or continuation of Options theretofore granted (after taking into account any acceleration hereunder) by the successor entity, or the substitution of such Options
with new Options of the successor entity or a parent or subsidiary thereof, with such adjustment as to the number and kind of shares and the per share exercise prices as such parties shall agree (after taking into account any acceleration if any,
hereunder). In the event of such termination, each grantee shall be permitted, within a specified period of time prior to the consummation of the Sale Event as determined by the Committee, to exercise all outstanding Options held by such grantee
which are then exercisable or will become exercisable as of the effective time of the Sale Event; provided, however, that the exercise of Options not exercisable prior to the Sale Event shall be subject to the consummation of the Sale Event. (The
treatment of Restricted Stock Award in connection with any such transaction shall be as specified in the relevant Award agreement.) Notwithstanding anything herein to the contrary, in the event that provision is made in connection with the Sale
Event for the assumption or continuation of Awards, or the substitution of such Awards with new Awards of the successor entity or parent thereof, then, except as the Committee may otherwise determine with respect to particular Awards, any Award so
assumed or continued or substituted therefor shall be deemed vested and exercisable in full upon the date on which the grantee’s employment or service relationship with the Company and its subsidiaries or successor entity, as the case may be,
terminates if such termination occurs (i) within 18 months after such Sale Event and (ii) such termination is by the Company or its Subsidiaries or successor entity without Cause or by the grantee for Good Reason. 
 (d) Substitute Awards. The Committee may grant Awards under the Plan in substitution for stock and stock based awards held by employees, directors
or other key persons of another corporation in connection with a merger or consolidation of the employing corporation with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the employing
corporation. The Committee may direct that the substitute awards be granted on such terms and conditions as the Committee considers appropriate in the circumstances. Any substitute Awards granted under the Plan shall not count against the share
limitation set forth in Section 3(a). 
  

 6 

	SECTION 4.	ELIGIBILITY 

 Grantees in the Plan will be
such full or part-time officers, employees, directors, consultants and other key persons (including prospective employees) of the Company and its Subsidiaries who are responsible for, or contribute to, the management, growth or profitability of the
Company and its Subsidiaries as are selected from time to time by the Committee in its sole discretion. 
  

	SECTION 5.	STOCK OPTIONS 

 Any Stock Option granted
under the Plan shall be pursuant to a Stock Option Agreement which shall be in such form as the Committee may from time to time approve. Option agreements need not be identical. 
 Stock Options granted under the Plan may be either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only to
employees of the Company or any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code. To the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a
Non-Qualified Stock Option. 
 No Incentive Stock Option shall be granted under the Plan after the date which is ten years from the date the
Plan is approved by the Board. 
 (a) Terms of Stock Options. Stock Options granted under the Plan shall be subject to the following
terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable. If the Committee so determines, Stock Options may be granted in lieu of cash
compensation at the grantee’s election, subject to such terms and conditions as the Committee may establish, as well as in addition to other compensation. 
 (i) Exercise Price. The exercise price per share for the Stock covered by a Stock Option shall be determined by the Committee at
the time of grant but shall not be less than 100 percent of the Fair Market Value on the date of grant in the case of Incentive Stock Options. If an employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the
Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation and an Incentive Stock Option is granted to such employee, the option price of such Incentive Stock Option shall
be not less than 110 percent of the Fair Market Value on the grant date. 
 (ii) Option Term. The term of each Stock
Option shall be fixed by the Committee, but no Stock Option shall be exercisable more than ten years after the date the Stock Option is granted. If an employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of
the Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent or subsidiary corporation and an Incentive Stock Option is granted to such employee, the term of such Stock Option shall be no more than
five years from the date of grant. 
  

 7 

 (iii) Exercisability; Rights of a Stockholder. Stock Options shall become
exercisable at such time or times, whether or not in installments, as shall be determined by the Committee at or after the grant date. The Committee may at any time accelerate the exercisability of all or any portion of any Stock Option. An optionee
shall have the rights of a stockholder only as to shares acquired upon the exercise of a Stock Option and not as to unexercised Stock Options. 
 (iv) Method of Exercise. Stock Options may be exercised in whole or in part, by giving written notice of exercise to the Company, specifying the number of shares to be purchased. Payment of the purchase price
may be made by one or more of the following methods to the extent provided in the Award agreement or as otherwise provided by the Committee: 
 (A) In cash, by certified or bank check, or other instrument acceptable to the Committee in U.S. funds payable to the order of the Company in an amount equal to the purchase price of such Option Shares; 
 (B) By the optionee delivering to the Company a promissory note if the Board has expressly authorized the loan of funds to the optionee
for the purpose of enabling or assisting the optionee to effect the exercise of his or her Stock Option; provided that at least so much of the exercise price as represents the par value of the Stock shall be paid other than with a promissory note if
otherwise required by state law; 
 (C) If permitted by the Committee, through the delivery (or attestation to the ownership)
of shares of Stock that have been purchased by the optionee on the open market or have been beneficially owned by the optionee for at least six months and are not then subject to restrictions under any Company plan. Such surrendered shares shall be
valued at Fair Market Value on the exercise date; 
 (D) If permitted by the Committee, by the optionee delivering to the
Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the purchase price; provided that in the event the
optionee chooses to pay the purchase price as so provided, the optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Committee shall prescribe as a condition of such payment
procedure. 
 Payment instruments will be received subject to collection. No certificates for shares of Stock so purchased will be issued to
optionee until the Company has completed all steps required by law to be taken in connection with the issuance and sale of the shares, including without limitation (i) receipt of a representation from the optionee at the time of exercise of the
Option that the optionee is purchasing the shares for the optionee’s own account and not with a view to any sale or distribution thereof, (ii) the legending of any certificate representing the shares to evidence the foregoing
representations and restrictions, and (iii) obtaining from optionee payment or provision for all withholding taxes due as a result of the exercise of the Option. The delivery of certificates representing the shares of Stock to be purchased
pursuant to the exercise of a Stock Option will be contingent upon receipt from the optionee (or a purchaser acting in his 

  

 8 

 
or her stead in accordance with the provisions of the Stock Option) by the Company of the full purchase price for such shares and the fulfillment of any
other requirements contained in the Option Award agreement or applicable provisions of laws. In the event an optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the shares of Stock
transferred to the optionee upon the exercise of the Stock Option shall be net of the number of shares attested to. 
 (b) Annual Limit on
Incentive Stock Options. To the extent required for “incentive stock option” treatment under Section 422 of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the shares of Stock with respect to
which Incentive Stock Options granted under this Plan and any other plan of the Company or its parent and subsidiary corporations become exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. To the extent
that any Stock Option exceeds this limit, it shall constitute a Non-Qualified Stock Option. 
 (c) Non-transferability of Options. No
Stock Option shall be transferable by the optionee otherwise than by will or by the laws of descent and distribution and all Stock Options shall be exercisable, during the optionee’s lifetime, only by the optionee, or by the optionee’s
legal representative or guardian in the event of the optionee’s incapacity. Notwithstanding the foregoing, the Committee, in its sole discretion, may provide in the Award agreement regarding a given Option that the optionee may transfer,
without consideration for the transfer, his or her Non-Qualified Stock Options to members of his or her immediate family, to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners,
provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Option. 
  

	SECTION 6.	RESTRICTED STOCK AWARDS 

 (a) Nature of
Restricted Stock Awards. A Restricted Stock Award is an Award pursuant to which the Company may, in its sole discretion, grant or sell, at such purchase price as determined by the Committee, in its sole discretion, shares of Stock subject to
such restrictions and conditions as the Committee may determine at the time of grant (“Restricted Stock”), which purchase price shall be payable in cash or other form of consideration acceptable to the Committee. Conditions may be based on
continuing employment (or other service relationship) and/or achievement of pre-established performance goals and objectives. The terms and conditions of each such agreement shall be determined by the Committee, and such terms and conditions may
differ among individual Awards and grantees. 
 (b) Rights as a Stockholder. Upon execution of a written instrument setting forth the
Restricted Stock Award and payment of any applicable purchase price, a grantee shall have the rights of a stockholder with respect to the voting of the Restricted Stock, subject to such conditions contained in the written instrument evidencing the
Restricted Stock Award. Unless the Committee shall otherwise determine, certificates evidencing the Restricted Stock shall remain in the possession of the Company until such Restricted Stock is vested as provided in subsection (d) below of this
Section, and the grantee shall be required, as a condition of the grant, to deliver to the Company a stock power endorsed in blank. 
  

 9 

 (c) Restrictions. Restricted Stock may not be sold, assigned, transferred, pledged or otherwise
encumbered or disposed of except as specifically provided herein or in the Restricted Stock Award agreement. If a grantee’s employment (or other service relationship) with the Company and its Subsidiaries terminates under the conditions
specified in the relevant instrument relating to the Award, or upon such other event or events as may be stated in the instrument evidencing the Award, the Company or its assigns shall have the right or shall agree, as may be specified in the
relevant instrument, to repurchase some or all of the shares of Stock subject to the Award at such purchase price as is set forth in such instrument. 
 (d) Vesting of Restricted Stock. The Committee at the time of grant shall specify the date or dates and/or the attainment of pre-established performance goals, objectives and other conditions on which
Restricted Stock shall become vested, subject to such further rights of the Company or its assigns as may be specified in the instrument evidencing the Restricted Stock Award. 
 (e) Waiver, Deferral and Reinvestment of Dividends. The Restricted Stock Award agreement may require or permit the immediate payment, waiver,
deferral or investment of dividends paid on the Restricted Stock. 
  

	SECTION 7.	UNRESTRICTED STOCK AWARDS 

 (a) Grant or
Sale of Unrestricted Stock. The Committee may, in its sole discretion, grant (or sell at par value or such higher purchase price determined by the Committee) an Unrestricted Stock Award to any grantee, pursuant to which such grantee may receive
shares of Stock free of any vesting restrictions (“Unrestricted Stock”) under the Plan. Unrestricted Stock Awards may be granted or sold as described in the preceding sentence in respect of past services or other valid consideration, or in
lieu of any cash compensation due to such individual. 
 (b) Elections to Receive Unrestricted Stock In Lieu of Compensation. Upon the
request of a grantee and with the consent of the Committee, each such grantee may, pursuant to an advance written election delivered to the Company no later than the date specified by the Committee, receive a portion of the cash compensation
otherwise due to such grantee in the form of shares of Unrestricted Stock either currently or on a deferred basis. 
 (c) Restrictions on
Transfers. The right to receive shares of Unrestricted Stock on a deferred basis may not be sold, assigned, transferred, pledged or otherwise encumbered, other than by will or the laws of descent and distribution. 
  

	SECTION 8.	TAX WITHHOLDING 

 (a) Payment by
Grantee. Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other amounts received thereunder first becomes includable in the gross income of the grantee for Federal income tax purposes, pay to the
Company, or make arrangements satisfactory to the Committee regarding payment of, any federal, state, or local taxes of any kind required by law to be withheld with respect to such income. The Company and its Subsidiaries shall, to the extent
permitted by law, have the right 

  

 10 

 
to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company’s obligation to deliver stock certificates to any
grantee is subject to and conditioned on tax obligations being satisfied by the grantee. 
 (b) Payment in Stock. Subject to approval
by the Committee, a grantee may elect to have the minimum required tax withholding obligation satisfied, in whole or in part, by (i) authorizing the Company to withhold from shares of Stock to be issued pursuant to any Award a number of shares
with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due, or (ii) transferring to the Company shares of Stock owned by the grantee with an aggregate Fair Market Value (as of
the date the withholding is effected) that would satisfy the minimum withholding amount due. 
  

	SECTION 9.	TRANSFER, LEAVE OF ABSENCE, ETC. 

 For
purposes of the Plan, the following events shall not be deemed a termination of employment: 
 (a) a transfer to the employment of the
Company from a Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another; or 
 (b) an approved leave of absence for
military service or sickness, or for any other purpose approved by the Company, if the employee’s right to re-employment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or
if the Committee otherwise so provides in writing. 
  

	SECTION 10.	AMENDMENTS AND TERMINATION 

 The Board may,
at any time, amend or discontinue the Plan and the Committee may, at any time, amend or cancel any outstanding Award (or provide substitute Awards at the same or reduced exercise or purchase price or with no exercise or purchase price in a manner
not inconsistent with the terms of the Plan), but such price, if any, must satisfy the requirements which would apply to the substitute or amended Award if it were then initially granted under this Plan for the purpose of satisfying changes in law
or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the holder’s consent. If and to the extent determined by the Committee to be required by the Code to ensure that Incentive
Stock Options granted under the Plan are qualified under Section 422 of the Code, Plan amendments shall be subject to approval by the Company’s stockholders who are eligible to vote at a meeting of stockholders. Nothing in this
Section 10 shall limit the Board’s or Committee’s authority to take any action permitted pursuant to Section 3(c). 
  

	SECTION 11.	STATUS OF PLAN 

 With respect to the portion
of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater than those of a general creditor of the Company unless the Committee shall otherwise

  

 11 

 
expressly determine in connection with any Award or Awards. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements
to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence. 
  

	SECTION 12.	GENERAL PROVISIONS 

 (a) No Distribution;
Compliance with Legal Requirements. The Committee may require each person acquiring Stock pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to distribution thereof.
No shares of Stock shall be issued pursuant to an Award until all applicable securities law and other legal and stock exchange or similar requirements have been satisfied. The Committee may require the placing of such stop-orders and restrictive
legends on certificates for Stock and Awards as it deems appropriate. 
 (b) Delivery of Stock Certificates. Stock certificates to
grantees under this Plan shall be deemed delivered for all purposes when the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail, addressed to the grantee, at the grantee’s last known
address on file with the Company. 
 (c) Other Compensation Arrangements; No Employment Rights. Nothing contained in this Plan
shall prevent the Board from adopting other or additional compensation arrangements, including trusts, and such arrangements may be either generally applicable or applicable only in specific cases. The adoption of this Plan and the grant of Awards
do not confer upon any employee any right to continued employment with the Company or any Subsidiary. 
 (d) Trading Policy
Restrictions. Option exercises and other Awards under the Plan shall be subject to such Company’s insider-trading-policy-related restrictions, terms and conditions as may be established by the Committee, or in accordance with policies set
by the Committee, from time to time. 
 (e) Loans to Award Recipients. The Company shall have the authority to make loans to
recipients of Awards hereunder (including to facilitate the purchase of shares) and shall further have the authority to issue shares for promissory notes hereunder. 
 (f) Designation of Beneficiary. Each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or
after the grantee’s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if
the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate. 
  

 12 

	SECTION 13.	EFFECTIVE DATE OF PLAN 

 This Plan shall
become effective upon approval by the stockholders in accordance with applicable law. Subject to such approval by the stockholders and to the requirement that no Stock may be issued hereunder prior to such approval, Stock Options and other Awards
may be granted hereunder on and after adoption of this Plan by the Board. 
  

	SECTION 14.	GOVERNING LAW 

 This Plan and all Awards and
actions taken thereunder shall be governed by Delaware law, applied without regard to conflict of law principles. 
  

			
	ADOPTED BY BOARD OF DIRECTORS:	  	September 8, 2005
		
	APPROVED BY STOCKHOLDERS:	  	September 8, 2005

  

 13Form of Restricted Stock Award Agreement (Performance Based Vesting)

 Exhibit 10.2 
 Restricted Stock Agreement 
 under the Walco International Holdings, Inc. 
 Amended and Restated 2005 Stock Option and Grant Plan 
 [Performance-Based Vesting] 

 

			
	Name of Grantee:	  	_________________ (the “Grantee”)
		
	No. of Shares:	  	_________ Shares of Common Stock
		
	Grant Date:	  	____________ __, ____ (the “Grant Date”)
		
	Per Share Purchase Price:	  	$________ (the “Per Share Purchase Price”)

 Pursuant to the Walco International Holdings, Inc. Amended and Restated 2005 Stock Option and Grant Plan (the
“Plan”), Walco International Holdings, Inc., a Delaware corporation (together with its successors, the “Company”), hereby grants, sells and issues to the individual named above, who is an officer, employee, director, consultant
or other key person of the Company or any of the Subsidiaries, the Shares (as defined below) at the Per Share Purchase Price, which represents the fair market value per share on the Grant Date, subject to the terms and conditions set forth herein
and in the Plan. The Grantee agrees to the provisions set forth herein and acknowledges that each such provision is a material condition of the Company’s agreement to issue and sell the Shares to him or her. The Company hereby acknowledges
receipt of $[                    ] in full payment for the Shares. All references to share prices and amounts herein shall be equitably
adjusted to reflect stock splits, stock dividends, recapitalizations, mergers, reorganizations and similar changes affecting the capital stock of the Company, and any shares of capital stock of the Company received on or in respect of Shares in
connection with any such event (including any shares of capital stock or any right, option or warrant to receive the same or any security convertible into or exchangeable for any such shares or received upon conversion of any such shares) shall be
subject to this Agreement on the same basis and extent at the relevant time as the Shares in respect of which they were issued, and shall be deemed Shares as if and to the same extent they were issued at the date hereof. 
 1. Definitions. For the purposes of this Agreement, the following terms shall have the following respective meanings. All capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in the Plan. 
 “Bankruptcy” shall mean (i) the
filing of a voluntary petition under any bankruptcy or insolvency law, or a petition for the appointment of a receiver or the making of an assignment for the benefit of creditors, with respect to the Grantee or any Permitted Transferee, or
(ii) the Grantee or any Permitted Transferee being subjected involuntarily to such a petition or assignment or to an attachment or other legal or equitable interest with respect to the Grantee’s or the Permitted Transferee’s assets,
which involuntary petition or assignment or attachment is not discharged within 60 days after its date, and (iii) the Grantee or any Permitted Transferee being subject to a transfer of Shares by operation of law (including by divorce, even if
not insolvent), except by reason of death. 

 “Cause” shall have the meaning set forth in the Grantee’s employment
agreement with the Company or any of its Subsidiaries, or if the Grantee is not party to such an employment agreement, the meaning set forth in the Plan. 
 “Charlesbank” shall mean Charlesbank Equity Fund VI, Limited Partnership, CB Offshore Equity Fund VI, L.P., Charlesbank Equity Coinvestment Fund VI, Limited Partnership and Charlesbank Coinvestment Partners,
Limited Partnership. 
 “Charlesbank Liquidation Event” shall mean any event (including but not limited to any
distribution, dividend, Sale Event, or other liquidity event) as a result of which Charlesbank receives cash and/or Liquid Securities from the Company or from a third party in connection with such third party’s purchase of equity securities of
the Company owned by Charlesbank; provided, however, that any payment of cash to Charlesbank from the Company (i) which is not directly in respect of equity securities of the Company owned by Charlesbank (such as management fees,
consulting fees or expenses reimbursements) or (ii) to make a Permitted Charlesbank Repurchase shall not be deemed a “Charlesbank Liquidation Event.” 
 “Common Stock” shall mean the Company’s Common Stock, par value $0.01 per share, together with any shares into which Common
Stock may be converted or exchanged, as provided above and herein. 
 “Good Reason” shall have the meaning set forth in
the Grantee’s employment agreement with the Company or any of its Subsidiaries, or if the Grantee is not party to such an employment agreement, the meaning set forth in the Plan. 
 “IRR” shall mean the discount rate (expressed as an annualized percentage rounded to the nearest three decimal places and
compounded on an annual basis in accordance with accepted financial practice) which, when used to calculate the net present value, as of June 30, 2005, of the difference between (i) all cash (other than any cash received from the sale of
Liquid Securities) and/or Liquid Securities (valued at Fair Market Value as of the date received) received by Charlesbank from all Charlesbank Liquidation Events minus (ii) all cash invested by Charlesbank in the Company with respect to
the purchase of equity securities of the Company (other than equity securities repurchased by the Company pursuant to a Permitted Charlesbank Repurchase), causes such net present value to equal zero. The “XIRR” function of Microsoft Excel
may be used to determine net present values under this definition. For purposes of calculating IRR, no payments or amounts received by Charlesbank from the Company and its Subsidiaries which (i) are not directly in respect of equity securities
of the Company owned by Charlesbank (such as management fees, consulting fees or expenses reimbursements) or (ii) are received in connection with a Permitted Charlesbank Repurchase, shall be included in the calculation. 
 “Liquid Securities” shall mean freely tradable securities of a company listed on the Nasdaq National Market or the New York Stock
Exchange having a public float with a market value in excess of $2,000,000,000. 
 “Permitted Charlesbank Repurchase”
means the repurchase by the Company of Stock held by Charlesbank (up to an aggregate Fair Market Value of $1,880,000 for all such 

  

 2 

 
repurchases) using the proceeds of sales of Stock to officers or employees of the Company and its Subsidiaries, which sales occurred on or prior to November 1,
2005. 
 “Person” shall mean any individual, corporation, partnership (limited or general), limited liability company,
limited liability partnership, association, trust, joint venture, unincorporated organization or any similar entity. 
 “Restricted Shares” shall initially mean all of the Shares being purchased by the Grantee on the date hereof pursuant to this Agreement, provided that if, as of the date of any Charlesbank Liquidation Event, the
aggregate amount of cash received by Charlesbank from all Charlesbank Liquidation Events up to and including such date equals an amount sufficient to provide Charlesbank with a percentage IRR greater than fifteen percent (15%) on the sum of all
cash invested by Charlesbank in the Company with respect to the purchase of equity securities of the Company (other than equity securities repurchased by the Company pursuant to a Permitted Charlesbank Repurchase), then, if Grantee remains an
employee on each such date, on the date of such Charlesbank Liquidation Event a cumulative percentage of Restricted Shares equal to the percentage determined by multiplying (i) the difference between the percentage IRR calculated as of such
date and fifteen percent (15%) by (ii) ten (10) shall be deemed Vested Shares. Notwithstanding the foregoing, all Vested Shares shall remain Vested Shares (and not become Restricted Shares) despite any decrease in the IRR between
Charlesbank Liquidation Events. 
 “Sale Event” shall mean, regardless of form thereof, consummation of (i) the
dissolution or liquidation of the Company, (ii) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger, reorganization or consolidation in which the
outstanding shares of Stock are converted into or exchanged for securities of the successor entity and the holders of the Company’s outstanding voting power immediately prior to such transaction do not own a majority of the outstanding voting
power of the successor entity immediately upon completion of such transaction, (iv) the sale of all or a majority of the outstanding capital stock of the Company to an unrelated person or entity or (v) any other transaction in which the
owners of the Company’s outstanding voting power immediately prior to such transaction do not own at least a majority of the outstanding voting power of the successor entity immediately upon completion of the transaction; provided,
however, that a Sale Event shall not include any transaction where the holders of capital stock of the Company do not receive consideration with respect to their shares of capital stock of the Company in such transaction and such shares of
capital stock of the Company remain outstanding after the consummation of such transaction. 
 “Shares” shall mean the
number of shares of Common Stock being purchased by the Grantee on the date hereof pursuant to this Agreement and any additional shares of Common Stock or other securities received in respect of the Shares, as a dividend on, or otherwise on account
of, the Shares. 
 “Termination Event” shall mean the termination of the Grantee’s employment with the Company and
its subsidiaries for any reason whatsoever, regardless of the circumstances thereof, and including without limitation upon death, disability, retirement or discharge or resignation for any reason, whether voluntary or involuntary. For purposes
hereof, the Committee’s determination of the reason for termination of the Grantee’s employment shall 

  

 3 

 
be conclusive and binding on the Grantee and the Grantee’s representatives or legatees. Upon a Termination Event, the Grantee shall cease to vest in any
Restricted Shares. 
 “Vested Shares” shall mean all Shares which are not Restricted Shares. 
 2. Purchase and Sale of Shares; Investment Representations. 
 (a) Purchase and Sale. On the date hereof, the Company hereby sells to the Grantee, and the Grantee hereby purchases from the Company, the number of Shares set forth above for the Per Share Purchase Price. 
 (b) Investment Representations. In connection with the purchase and sale of the Shares contemplated by Section 2(a) above, the Grantee
hereby represents and warrants to the Company as follows: 
 (i) The Grantee is purchasing the Shares for the Grantee’s own account
for investment only, and not for resale or with a view to the distribution thereof. 
 (ii) The Grantee has had such an opportunity as
he or she has deemed adequate to obtain from the Company such information as is necessary to permit him or her to evaluate the merits and risks of the Grantee’s investment in the Company and has consulted with the Grantee’s own advisers
with respect to the Grantee’s investment in the Company. 
 (iii) The Grantee has received a copy of the Plan and has read it in
its entirety. 
 (iv) The Grantee has sufficient experience in business, financial and investment matters to be able to evaluate the
risks involved in the purchase of the Shares and to make an informed investment decision with respect to such purchase. 
 (v) The
Grantee can afford a complete loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an indefinite period. 
 (vi) The Grantee understands that the Shares are not registered under the Act (it being understood that the Shares are being issued and sold in reliance on the exemption provided in Rule 701 thereunder or such other applicable
exemption) or any applicable state securities or “blue sky” laws and may not be sold or otherwise transferred or disposed of in the absence of an effective registration statement under the Act and under any applicable state securities or
“blue sky” laws (or exemptions from the registration requirements thereof). The Grantee further acknowledges that certificates representing the Shares will bear restrictive legends reflecting the foregoing. 
 3. Repurchase Right. 
 (a) Repurchase. Upon
the occurrence of (i) a Termination Event or the Bankruptcy of the Grantee, the Company or its assigns shall have the right and option to repurchase all or any portion of the Shares held by the Grantee or any Permitted Transferee as of 

  

 4 

 
the date of such Termination Event or Bankruptcy; and (ii) a Sale Event, the Company or its assigns shall have the right and option to repurchase all or any
portion of the Restricted Shares held by the Grantee or any Permitted Transferee as of immediately prior to such Sale Event (but giving effect to such Sale Event for the purposes of determining the number of Restricted Shares). In addition, upon the
Bankruptcy of any of the Grantee’s Permitted Transferees, the Company or its assigns shall have the right and option to repurchase all or any portion of the Shares held by such Permitted Transferee as of the date of such Bankruptcy. The
purchase and sale arrangements contemplated by the preceding sentences of this Section 3(a) are referred to herein as the “Repurchase.” 
 (b) Repurchase Price. The per share purchase price of the Shares subject to the Repurchase (the “Repurchase Price”) shall be, subject to adjustment as provided above (i) in the case of Shares which are
Vested Shares as of the date of the event giving rise to the Repurchase, the Fair Market Value of such Vested Shares as of such date, and (ii) in the case of Restricted Shares, the Per Share Purchase Price; provided, however, that
if the Grantee’s employment with the Company and its Subsidiaries is terminated by the Company or any of its Subsidiaries for Cause or if the Grantee terminates his or her employment without Good Reason (with such termination by the Grantee
without Good Reason occurring prior to the tenth (10th) anniversary of the Grant Date), the per share purchase price for all of the
Grantee’s Shares, whether Vested Shares or Restricted Shares, shall be the lesser of (x) the Fair Market Value of such Shares as of such date and (y) the Per Share Purchase Price. The Repurchase Right with respect to Vested Shares
shall terminate in accordance with Section 9(a). 
 (c) Closing Procedure. The Company or its assigns shall effect the
Repurchase (if so elected) by delivering or mailing to the Grantee (and/or, if applicable, any Permitted Transferees) written notice within six (6) months after the Termination Event or Bankruptcy, specifying a date within such six-month period
in which the Repurchase shall be effected. Upon such notification, the Grantee and any Permitted Transferees shall promptly surrender to the Company any certificates representing the Shares being purchased, together with a duly executed stock power
for the transfer of such Shares to the Company or the Company’s assignee or assignees. Upon the Company’s or its assignee’s receipt of the certificates from the Grantee or any Permitted Transferees, the Company or its assignee or
assignees shall deliver to him, her or them a check for the Repurchase Price of the Shares being purchased, provided, however, that the Company may pay the Repurchase Price for such shares by offsetting and canceling any indebtedness
then owed by the Grantee to the Company. At such time, the Grantee and/or any holder of the Shares shall deliver to the Company the certificate or certificates representing the Shares so repurchased, duly endorsed for transfer, free and clear of any
liens or encumbrances. The Repurchase right specified herein shall survive and remain in effect as to Restricted Shares following and notwithstanding any public offering by or merger or other transaction involving the Company and certificates
representing such Restricted Shares shall bear legends to such effect, subject to Section 9(a) below. 
 4. Stockholders Agreement; Restrictions on
Transfer. 
 (a) In connection with this Restricted Stock Agreement and the grant of the Shares, Grantee agrees to become a
party to that certain Amended and Restated Stockholders Agreement by and among the Company and the parties thereto, dated as of September [__], 2005 

  

 5 

 
(the “Stockholders Agreement”) and be bound by the terms and conditions of such Stockholders Agreement as a Stockholder (as defined in the Stockholders
Agreement) and a Management Investor (as defined in the Stockholders Agreement). 
 (b) Vested Shares may only be sold, assigned,
transferred, pledged, hypothecated, given away or in any other manner disposed or encumbered, whether voluntarily or by operation of law, in accordance with the terms of the Stockholders Agreement. 
 (c) No Restricted Shares may be sold, assigned, transferred, pledged, hypothecated, given away or in any other manner disposed or encumbered,
whether voluntarily or by operation of law, under any circumstances. 
 5. Legend. Any certificate(s) representing the Shares shall carry
substantially the following legend: 
 “The transferability of this certificate and the shares of stock represented hereby are
subject to the restrictions, terms and conditions (including repurchase and restrictions against transfers) contained in a certain Restricted Stock Agreement dated ____________ __, ____ between the Company and the holder of this certificate (a copy
of which is available at the offices of the Company for examination).” 
 “The shares represented by this certificate have not
been registered under the Securities Act of 1933 or the securities laws of any state. The shares may not be sold or transferred in the absence of such registration or an exemption from registration.” 
 6. Escrow Arrangement. 
 (a) Escrow. In order
to carry out the provisions of Section 3 of this Agreement more effectively, the Company shall hold the Shares in escrow together with separate stock powers executed by the Grantee in blank for transfer. The Company shall not dispose of the
Shares except as otherwise provided in this Agreement. In the event of any repurchase by the Company (or any of its assigns), the Company is hereby authorized by the Grantee, as the Grantee’s attorney-in-fact, to date and complete the stock
powers necessary for the transfer of the Shares being purchased and to transfer such Shares in accordance with the terms hereof. At such time as any Shares are no longer subject to the Company’s repurchase right, the Company shall, at the
written request of the Grantee, deliver to the Grantee (or the relevant Permitted Transferee) a certificate representing such Shares with the balance of the Shares (if any) to be held in escrow pursuant to this Section 6. 
 (b) Remedy. Without limitation of any other provision of this Agreement or other rights, in the event that the Grantee or any other person or
entity is required to sell the Grantee’s Shares pursuant to the provisions of Section 3 of this Agreement and in the further event that he or she refuses or for any reason fails to deliver to the designated purchaser of such Shares the
certificate or certificates evidencing such Shares together with a related stock power, 

  

 6 

 
such designated purchaser may deposit the applicable purchase price for such Shares with a bank designated by the Company, or with the Company’s independent
public accounting firm, as agent or trustee, or in escrow, for the Grantee or other person or entity, to be held by such bank or accounting firm for the benefit of and for delivery to him, her, them or it, and/or, in its discretion, pay such
purchase price by offsetting any indebtedness then owed by the Grantee as provided above. Upon any such deposit and/or offset by the designated purchaser of such amount and upon notice to the person or entity who was required to sell the Shares to
be sold pursuant to the provisions of Section 3, such Shares shall at such time be deemed to have been sold, assigned, transferred and conveyed to such purchaser, the holder thereof shall have no further rights thereto (other than the right to
withdraw the payment thereof held in escrow, if applicable), and the Company shall record such transfer in its stock transfer book or in any appropriate manner. 
 7. Withholding Taxes. The Grantee acknowledges and agrees that the Company or any of its Subsidiaries have the right to deduct from payments of any kind otherwise due to the Grantee, or from the Shares held pursuant to
Section 6 hereof, the minimum federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Grantee. In furtherance of the foregoing the Grantee agrees to elect, in accordance with
Section 83(b) of the Internal Revenue Code of 1986, as amended, to recognize ordinary income in the year of acquisition of the Shares, and to pay to the Company all withholding taxes shown as due on his or her Section 83(b) election form,
or otherwise ultimately determined to be due with respect to such election, based on the excess, if any, of the fair market value of such Shares as of the date of the purchase of such Shares by the Grantee over the purchase price for such Shares.

 8. Assignment. At the discretion of the Board, the Company shall have the right to assign the right to exercise its rights with respect to the
Repurchase, in whole or in part in any particular instance, upon the same terms and conditions applicable to the exercise thereof by the Company, and such assignee or assignees of the Company shall then take and hold any Shares so acquired subject
to such terms as may be specified by the Company in connection with any such assignment. The Grantee may not assign this Agreement without the prior written consent of the Board. 
 9. Miscellaneous Provisions. 
 (a) Termination. The Company’s Repurchase right with
respect to Vested Shares under Section 3 shall terminate upon the closing of the Company’s Initial Public Offering or upon consummation of any Sale Event, in either case as a result of which shares of the Company (or successor entity) of
the same class as the Shares are registered under Section 12 of the Exchange Act of 1934 and publicly traded on NASDAQ/NMS or any national security exchange; provided, however, that all other provisions shall remain in effect
following the same until all of the Shares have become Vested Shares. 
 (b) Record Owner; Dividends. The Grantee, during the
duration of this Agreement, shall be considered the record owners of and shall be entitled to vote the Shares if and to the extent the Shares are entitled to voting rights. The Grantee shall be entitled to receive 

  

 7 

 
all dividends and any other distributions declared on the Shares; provided, however, that the Company is under no duty to declare any such dividends or
to make any such distribution. 
 (c) Equitable Relief. The parties hereto agree and declare that legal remedies are inadequate
to enforce the provisions of this Agreement and that equitable relief, including specific performance and injunctive relief, may be used to enforce the provisions of this Agreement. 
 (d) Change and Modifications. This Agreement may not be orally changed, modified or terminated, nor shall any oral waiver of any of its terms
be effective. This Agreement may be changed, modified or terminated only by an agreement in writing signed by the Company and the Grantee. 
 (e) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflict of law principles. 
 (f) Headings. The headings are intended only for convenience in finding the subject matter and do not constitute part of the text of this
Agreement and shall not be considered in the interpretation of this Agreement. 
 (g) Saving Clause. If any provision(s) of this
Agreement shall be determined to be illegal or unenforceable, such determination shall in no manner affect the legality or enforceability of any other provision hereof. 
 (h) Notices. All notices, requests, consents and other communications shall be in writing and be deemed given when delivered personally, by
telex or facsimile transmission or when received if mailed by first class registered or certified mail, postage prepaid. Notices to the Company or the Grantee shall be addressed as set forth underneath their signatures below, or to such other
address or addresses as may have been furnished by such party in writing to the other. Notices to any holder of the Shares other than the Grantee shall be addressed to the address furnished by such holder to the Company. 
 (i) Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their respective
successors, permitted assigns, and legal representatives. Without limitation of the foregoing, upon any stock-for-stock merger in which the Company is not the surviving entity, shares of the Company’s successor issued in respect of the Shares
shall remain subject to vesting and the Repurchase right of first refusal hereunder. The Company has the right to assign this Agreement, and such assignee shall become entitled to all the rights of the Company hereunder to the extent of such
assignment. 
 (j) Dispute Resolution. Except as provided below, any dispute arising out of or relating to this Agreement or the
breach, termination or validity hereof shall be finally settled by binding arbitration conducted expeditiously in accordance with the J.A.M.S./Endispute Comprehensive Arbitration Rules and Procedures (the “J.A.M.S. Rules”). The arbitration
shall be governed by the United States Arbitration Act, 9 U.S.C. §§1-16, and judgment upon the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of arbitration shall be Boston,
Massachusetts. 
  

 8 

 The parties covenant and agree that the arbitration shall commence within 60 days of the date on which a written demand for
arbitration is filed by any party hereto. In connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party and any third-party witnesses. In addition, each party may take up to
three depositions as of right, and the arbitrator may in his or her discretion allow additional depositions upon good cause shown by the moving party. However, the arbitrator shall not have the power to order the answering of interrogatories or the
response to requests for admission. In connection with any arbitration, each party shall provide to the other, no later than seven (7) business days before the date of the arbitration, the identity of all persons that may testify at the
arbitration and a copy of all documents that may be introduced at the arbitration or considered or used by a party’s witness or expert. The arbitrator’s decision and award shall be made and delivered within six (6) months of the
selection of the arbitrator. The arbitrator’s decision shall set forth a reasoned basis for any award of damages or finding of liability. The arbitrator shall not have power to award damages in excess of actual compensatory damages and shall
not multiply actual damages or award punitive damages or any other damages that are specifically excluded under this Agreement, and each party hereby irrevocably waives any claim to such damages. 
 The parties covenant and agree that they will participate in the arbitration in good faith. This Section 9(j) applies equally to requests for temporary, preliminary or
permanent injunctive relief, except that in the case of temporary or preliminary injunctive relief any party may proceed in court without prior arbitration for the limited purpose of avoiding immediate and irreparable harm. 
 Each of the parties hereto (i) hereby irrevocably submits to the jurisdiction of any United States District Court of competent jurisdiction for the purpose of enforcing the
award or decision in any such proceeding, (ii) hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the
above-named courts, that its property is exempt or immune from attachment or execution (except as protected by applicable law), that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding
is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court, and hereby waives and agrees not to seek any review by any court of any other jurisdiction which may be called upon to grant an enforcement of
the judgment of any such court. Each of the parties hereto hereby consents to service of process by registered mail at the address to which notices are to be given. Each of the parties hereto agrees that its, his or her submission to jurisdiction
and its, his or her consent to service of process by mail is made for the express benefit of the other parties hereto. Final judgment against any party hereto in any such action, suit or proceeding may be enforced in other jurisdictions by suit,
action or proceeding on the judgment, or in any other manner provided by or pursuant to the laws of such other jurisdiction. 
 (k)
Counterparts. For the convenience of the parties and to facilitate execution, this Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document.

 (l) Stock Split. Grantee agrees and acknowledges that the Company completed a 10:1 stock split on September [__], 2005 (the
“Stock Split”) and that the Shares 

  

 9 

 
granted pursuant to this Agreement were granted after the Stock Split and shall not be subject to any adjustments that may take place because of the Stock Split.

 [SIGNATURE PAGE FOLLOWS] 
  

 10 

 IN WITNESS WHEREOF, the Company and the Grantee have executed this Restricted Stock Agreement as of the date first above written.

  

			
	 COMPANY

	
	 WALCO INTERNATIONAL HOLDINGS, INC.

		
	 By:
	 	  
		 	 Name:

		 	 Title:

	
	 GRANTEE:

		
	  	 	  
	 Name:

	
	 Address:

	
	  
	
	  
	
	  

  

	
	 SPOUSE’S CONSENT1

	 I acknowledge that I have read the
 foregoing Restricted Stock Agreement
 and understand the contents thereof.

	
	   
	

  

	1	 	A spouse’s consent is required only if the Grantee’s state of residence is one of the following community property states: Arizona, California, Idaho, Louisiana, New
Mexico, Nevada, Texas, Washington and Wisconsin (check WI statute). 

  

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]