Document:

EX-10.24

 Exhibit 10.24 

FORM OF EMPLOYMENT AGREEMENT 

([NAME]) 
 THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made and entered into by and between COMMERCIAL CREDIT GROUP INC., a Delaware corporation (the “Company”), and [NAME], a resident of
Mecklenburg County, North Carolina (“Employee”), to be effective as of the date (the “Effective Date”) on which an Initial Public Offering of the Company successfully closes. (Employee
and the Company, each may be referred to herein as a “Party,” or collectively as the “Parties”.) This Agreement is contingent upon a successful closing of an Initial Public Offering of
the Company. Until such time as an Initial Public Offering of the Company successfully closes, this Agreement will be void and without effect. Where not otherwise specified in this Agreement, defined terms used herein shall have the meanings
specified in Section 9 hereof. 
 Statement of Purpose 

A. The Company is engaged in the business of providing financing, refinancing, and leasing services to the construction, fleet
transportation, and solid and liquid waste industries across the United States and Canada (the “Business”). 
 B.
Employee has heretofore been employed by the Company, pursuant to a contract of employment dated [date] (and, including all subsequent amendments, if any, thereto, Employee’s “Previous Agreement”). The Company
desires to provide additional benefits to Employee, to which Employee was not previously entitled, as consideration for the covenants in this Agreement and Employee desires to be so employed by the Company under the terms and restrictions set forth
herein. 
 C. As a result of such employment, Employee has had and will continue to have access to Confidential Information and Trade
Secrets (as defined herein). Employee has gained and will continue to gain the ability to influence the goodwill of the Company with customers and others necessary to the success of the Business. Employee recognizes that the Company’s
Confidential Information and Trade Secrets and its customer relationships and goodwill are assets deserving of protection as provided for in the restrictive covenants contained in this Agreement. 

NOW, THEREFORE, for and in consideration of Employee’s employment with the Company on the terms and conditions set forth herein,
and the promises, mutual covenants, and agreements hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree and covenant
as follows: 
 1. Employment. 

(a) At-Will Employment. The Company agrees to employ Employee, and Employee agrees to be employed by the Company, as of the Effective
Date, pursuant to the terms and conditions set forth herein. Employee’s employment under this Agreement shall continue until terminated pursuant to Section 2 hereof. Employee’s employment shall be “at-will,” and nothing in
this Agreement shall alter Employee’s “at-will” status or limit the Company’s or Employee’s right to terminate Employee’s employment with the Company at any time, with or without cause. 

 (b) Employee’s Previous Agreement; Release of Claims. This Agreement supersedes in
its entirety any employment agreement, including the Previous Agreement, or comparable arrangements between the Company and Employee prior to the Effective Date. Employee hereby relinquishes and unconditionally forfeits any claims or entitlement to
any severance pay or other post-termination benefits pursuant to the Previous Agreement, and hereby discharges and releases any claims against the Company relating to Employee’s employment under the Previous Agreement. 

(c) Position. Employee shall be employed in the position listed on Exhibit A and shall perform such services for the Company as
are customarily associated with such position and as may otherwise be assigned to Employee from time to time by the Board of Directors of the Company (the “Board”) (or one or more senior executive officers of
the Company designated by the Board). If duly appointed or elected, Employee also may serve as an officer or director of any of the Company’s Affiliates (as defined below) as may be determined from time to time by the Board. Employee shall
devote his full business time, attention, knowledge and skills exclusively to the affairs of the Company and to his duties hereunder, and shall use his best efforts to promote the success of the Company’s business. Employee shall abide by and
comply with all lawful policies of the Company established from time to time by the Board to the extent not inconsistent with the provisions hereof and shall at all times comply, in all material respects, with all laws, rules and regulations
applicable to Employee in his capacity as an officer of the Company. The foregoing shall not be construed as prohibiting Employee from serving on corporate, civic or charitable boards or committees or making personal investments, so long as such
activities do not materially interfere with the performance of Employee’s obligations to the Company as set forth in this Agreement or as may be determined by the Company from time to time. 

(d) Compensation; Benefits. For all services rendered by Employee under this Agreement, Employee shall be compensated as set forth in
Exhibit A attached to this Agreement. All compensation payable to Employee hereunder is stated in gross amount, and shall be subject to all applicable withholding taxes, other normal payroll and other deductions required or authorized by
law to be withheld. 
 (e) Survival of Employee’s Obligations After Termination. Upon the effective date of the
termination of Employee’s employment with the Company under this Agreement, regardless the date, cause or manner of such termination and regardless of the Party initiating the termination of Employee’s employment (the
“Termination Date”), Employee’s post-employment obligations set forth in Sections 4, 5, 6, 7, 8 and 11 below, shall survive and remain in full force and effect to the extent provided in those Sections. 

2. Termination of Employment. Employee’s employment under this Agreement is subject to termination as follows. 

(a) Termination by Employee’s Death. This Agreement shall be terminated automatically upon Employee’s death. 

(b) Termination as a Result of Disability. The Company may terminate this Agreement effective upon written notice to the Employee in
the event of the Employee’s Disability. As used herein, “Disability” means the inability of the Employee, due to the condition of his physical, mental or emotional health, effectively to perform the essential functions of
Employee’s job with or without reasonable accommodation for a continuous period of more than sixty (60) days or for sixty (60) days in any period of one hundred twenty (120) consecutive days, as determined by a physician retained
by the Company (and the Employee hereby authorizes the disclosure and release to the Company of such determination and all supporting medical records); provided, such physician is board certified in his area of practice and otherwise reasonably
acceptable to Employee or his guardian. If the Employee refuses to 

  
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submit to appropriate examinations by such physician at the request of the Company, the determination of the Employee’s Disability by the Board in good faith will be conclusive as to whether
such Disability exists. This Agreement will not modify Company’s obligations under any applicable laws related to Disability. 
 (c)
Termination by the Company for Cause. The Company may terminate Employee’s employment under this Agreement for “Cause” (as defined below), at any time, effective immediately, upon delivery of written notice to Employee of such
termination. For purposes of this Agreement, “Cause” shall mean any of the following, as determined in good faith but in the sole discretion of the Board: (i) Employee’s fraud, dishonesty, embezzlement
or misappropriation with respect to the business of the Company, (ii) Employee’s deliberate breach of any material terms of this Agreement, (iii) Employee’s willful malfeasance or misfeasance or breach of fiduciary duties to the
Company, (iv) Employee’s failure to follow any specific lawful instructions of the Board (or one or more officers of the Company designated by the Board), (v) conviction of Employee of a felony, (vi) conviction of Employee of a
misdemeanor which involves moral turpitude or which has an adverse effect on the Company, or its respective business, reputation or interests, (vii) alcohol or other substance abuse by Employee that impairs the ability of Employee to perform
his responsibilities hereunder, or (viii) willful or negligent misconduct of Employee which has an adverse effect on the Company, or its respective business, reputation or interests. For purposes of this Section 2(c), a conviction of an
offense shall include a plea of nolo contendere or its equivalent. 
 (d) Termination by the Company Without Cause. The
Company may terminate Employee’s employment under this Agreement upon written notice to the Employee at any time for any reason other than for Cause or the Employee’s Disability. 

(e) Termination by Employee Resignation for Good Reason. Employee may terminate Employee’s employment under this Agreement for
“Good Reason” (as hereinafter defined), if Good Reason exists, effective upon thirty (30) days written notice. For purposes of this Agreement, “Good Reason” means: (i) a material reduction in
the Employee’s base salary and benefits package (other than a reduction in salary or benefits consistent and proportionate with such a reduction applied to all other officers as approved by the Board), (ii) a material diminution of the
Employee’s authority or responsibilities without Employee’s express written consent, (iii) the Company’s material breach of this Agreement, or (iv) a requirement imposed by the Company, without Employee’s express
written consent, that Employee relocate to an employment location that is more than 50 miles from Employee’s employment location on the Effective Date; provided however, that in each case, the Company shall have a period of fifteen
(15) days from the date of Employee’s written notice of termination for Good Reason in which to cure the actions alleged to constitute “Good Reason” under this Section 2(e) (and which if cured, shall not constitute grounds
for Employee to terminate his employment under this Agreement for Good Reason), and provided further, that if the Company thereafter intentionally repeats the breach it previously cured, such breach shall no longer be deemed curable. 

(f) Termination by Employee Resignation other than for Good Reason. Employee may terminate his employment with the Company by
resignation other than for Good Reason upon thirty (30) days written notice to the Company. If Employee so notifies the Company of such termination, the Company shall have the right to accelerate the effective date of such termination to any
date after the Company’s receipt of such notice, but such acceleration will not be deemed to constitute a termination of Employee’s employment by the Company without Cause, and the consequences of such termination will continue to be
governed by this Section 2(f) and Section 3(b) below. 

  
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 3. Effect of Termination. 

(a) Death or Disability. If Employee’s employment under this Agreement is terminated as a result of Employee’s death or by
the Company in the event of Employee’s Disability, Employee, or Employee’s estate, as the case may be, will be entitled to receive the compensation and benefits earned through the Termination Date, plus any payments due under the
Company’s benefit plans (including life insurance, long-term disability, and like plans). Further, if Employee’s employment under this Agreement is terminated as a result of Employee’s death, then the Company shall continue to provide
Employee’s eligible dependents, at no cost to them, for twelve (12) full calendar months following Employee’s death, any health insurance benefits that Employee’s dependents were participating in immediately prior to
Employee’s death, under the terms of the applicable Company benefit plans, provided, however, in the event that the Company’s health insurance plan does not allow such coverage, that applicable law and regulations do not
allow such coverage, or that the Company ceases to sponsor a group health plan for its employees, and for that reason the Company cannot provide such coverage for Employee’s dependents, or otherwise at the option of the Company, the Company
shall make monthly cash payments to Employee’s family in an amount (on an after-tax basis) necessary to obtain substantially equivalent coverage. 

(b) Termination for Cause; Resignation Without Good Reason. If Employee’s Employment under this Agreement is terminated by the
Company for Cause or by Employee’s resignation without Good Reason pursuant to Section 2(f), Employee will be entitled to receive the compensation and benefits earned through the Termination Date. 

(c) Termination Without Cause or By Employee for Good Reason.  

(i) If Employee’s employment under this Agreement is terminated by the Company without Cause, or by Employee for
Good Reason pursuant to Section 2(e), subject to Employee entering into and not revoking a Separation and Release Agreement and releasing all claims in favor of the Company and its Affiliates pursuant to Section 3(d) below, and Employee
fully complying with the covenants set forth in Sections 4, 5, 6, 7, 8 and 11 of this Agreement, Employee shall be entitled to (A) Employee’s base salary and benefits earned through the Termination Date, which have not yet been paid, or
provided, by the Company to Employee; plus (B) a bonus payment in an amount calculated as pro-rata portion (based on the number of days elapsed in the current year at the time of the Termination Date) of the most recent bonus payment actually
paid or accrued and payable by the Company to Employee within the previous fourteen (14) months, if any, payable upon the Termination Date; plus (C) a severance benefit equal to Employee’s annual Base Salary in effect (prior to any
salary reduction resulting in Employee terminating employment for Good Reason) at the time of termination (the amount set forth in Section 3(c)(i)(C) being the “Severance Pay”). Severance Pay shall be payable by the
Company to Employee in accordance with the Company’s customary payroll practices, as in effect from time to time, prorated over a twelve (12) month period, commencing with the first payroll period practicable coinciding with or following
the effective date of the Separation and Release Agreement between Employee and the Company, provided however, that if the Release Consideration Period (defined below) spans two calendar years, the payment of the Severance Pay shall
commence no earlier than January 1 of the second calendar year. 
 (ii) In the event that Employee’s
employment under this Agreement is terminated by the Company without Cause or by Employee for Good Reason as a result of or within twelve (12) months after a Change in Control (as defined below), then notwithstanding subsection (i) above,
Severance Pay shall be the amount equal to the product of (A) the sum of (x) Employee’s annual Base Salary in effect (prior to any salary reduction resulting in Employee terminating 

  
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employment for Good Reason) at the time of termination, plus (y) the amount of the most recent bonus payment actually paid or accrued and payable by the Company to Employee within the
previous fourteen (14) months, if any, multiplied by (B) a factor of one and one-half (1.5). Under such circumstances, Severance Pay shall be payable in accordance with the Company’s customary payroll practices, as in effect from time
to time, prorated over an eighteen (18) month period, commencing with the first payroll period practicable coinciding with or following the effective date of the Separation and Release Agreement between Employee and the Company, provided
however, that if the Release Consideration Period spans two calendar years, the payment of the Severance Pay shall commence no earlier than January 1 of the second calendar year. 

(iii) As used in this Section 3, “Change in Control” means any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), becoming or obtaining rights (whether by means or warrants, options or otherwise)
to become, the “beneficial owner” (as defined in Rule 13(d)(3) and 13(d)(5) of the Exchange Act), directly or indirectly, of more than 50% of the outstanding common stock of the Company. Notwithstanding the foregoing, any initial public
offering made by the Company shall not constitute or be construed as a Change in Control.
 (iv) If Employee’s
employment under this Agreement is terminated by the Company without Cause or by Employee for Good Reason as a result of or within twelve (12) months of a Change in Control, Employee’s right to receive Severance Pay, in any amount, is
additionally conditioned upon Employee not being employed by the buyer or receiver of the Company’s capital stock, the buyer of the assets of the Company, or any successor in interest of the Company following from the Change in Control. 

(v) Stock Options, Restricted Stock and Other Equity Awards. In the event that Employee’s employment under
this Agreement is terminated by the Company without Cause, or by Employee for Good Reason as a result of or within twelve (12) months after a Change in Control, then any outstanding but unexercised stock options held by Employee under any of
the Company’s equity compensation plans and programs will immediately vest and be exercisable and will continue to be exercisable for the remaining original term thereof, and any unvested restricted stock and other equity awards held by
Employee under any of the Company’s equity compensation plans and programs will immediately vest. 
 (vi) In
addition to the Severance Pay provided for in this Section 3(c) and provided that the conditions in Section 3(c)(i) are satisfied, the Company shall continue providing to Employee for a period of twelve (12) months following the
Termination Date (or in the event that Employee is receiving Severance Pay under Section 3(c)(ii), for a period of eighteen (18) months) any health and life insurance benefits under the terms of the applicable Company benefit plans in
which Employee was participating immediately prior to termination of employment, subject to the Company’s continuation of such benefit plans for its employees and to Employee’s timely payment of the cost of such benefits to the same extent
that active employees of the Company are required to pay for such benefits from time to time; provided, however, that in the event that the Company’s health and/or life insurance plans, or that applicable law and regulations, do
not allow such coverage, or otherwise at the option of the Company, the Company shall make monthly cash payments to Employee in an amount (on an after-tax basis) necessary to obtain substantially equivalent
coverage; and provided, further, that such continuation coverage (or payment of cash, if applicable) shall end at such earlier time as Employee becomes eligible for comparable coverage under another employer’s benefit plans. 

  
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 (d) Waiver and Release. In consideration for and as a condition to the payments and
benefits provided and to be provided under this Agreement other than those provided under Section 13 (indemnification), Employee agrees that Employee will, within thirty (30) days after the Termination Date, deliver to the Company a fully
executed release and irrevocable agreement (the “Separation and Release Agreement”) substantially in a form then used by and agreeable to the Company (which shall be supplied by the Company to Employee within ten
(10) days of termination) and which shall fully and irrevocably release and discharge the Company, its Affiliates, and their respective directors, officers, managers, members, shareholders and employees from any and all claims, charges,
complaints, liabilities of any kind, known or unknown, owed to Employee, other than any rights Employee may have under the terms of this Agreement that survive such termination of employment and other than any vested rights of Employee under any of
the Company’s employee benefit plans or programs that, by their terms, survive or are unaffected by such termination of employment. Employee acknowledges and agrees that should the Separation and Release Agreement fail to become effective and
irrevocable within thirty (30) days after the Separate and Release Agreement has been presented to Employee for consideration (such thirty (30) day period being the “Release Consideration Period”) the Company shall
have no obligations to Employee upon his termination of employment except to make payment to Employee of the compensation and benefits earned by him through the Termination Date. 

(e) No Further Obligations. Except as expressly provided above or as otherwise required by law, the Company will have no obligations to
the Employee in the event of the expiration or termination of this Agreement for any reason. 
 4. Protection of Confidential Information.
 
 (a) Employee expressly recognizes and acknowledges that in connection with Employee’s employment with the
Company, Employee will be given access to certain highly-sensitive confidential and proprietary information belonging either to the Company or other parties who may have furnished such information under obligations of confidentiality, relating to
and used in the Company’s Business (collectively, “Confidential Information”). Confidential Information does not include information (i) which is in the public domain through no unauthorized act or
omission of Employee or (ii) which becomes available to Employee on a non-confidential basis from a source other than the Company or its Affiliates without breach of such source’s confidentiality or non-disclosure obligations to the
Company or any of its Affiliates. 
 (b) By way of illustration, Confidential Information shall include, but not be limited to, the
following categories of information and material, regardless of how such information or material may exist from time to time and whether in electronic, print, or other form, including all copies, notes, or other reproductions or replicas thereof,
which constitute valuable, special, and unique assets of the Company or its Affiliates that have been developed or acquired through substantial investments of time, money, and resources: 

(i) any and all information relating to the operation of the Company’s business, including its methods of
operation, technology, risk and financial assessment, or marketing, including, but not limited to, business plans, strategic plans, marketing strategies, forecasts, financial information or data, marketing information or data, research and
development, business account lists, employee lists (including skills, ability and compensation of employees other than Employee), vendor or supplier lists, licensor or licensee lists, contractor lists, records relating to any intellectual property
owned by, controlled, or maintained by the Company, and any and all other records pertaining to the operation of the Company which the Company may, from time to time, designate as confidential or proprietary or that Employee reasonably knows should
be treated or has been treated by the Company as confidential or proprietary and is related to the operation of the Businesses or provision of services by the Company; 

  
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 (ii) any and all information relating to Company customers, including
customer lists, contact information, contractual terms, customer work, payment or billing histories, preferences, customer finances, the specific terms of any agreement or arrangement, whether oral or written, between the Company and a customer
and/or a funding source, and the expiration dates of any such agreement or arrangement; and 
 (iii) any and all
information made available to the Company and its employees by any customer or business associate, on a confidential basis or protected basis and related to the Company’s business. 

(c) Employee agrees that Employee shall not disclose any Confidential Information to any third-party not employed by or otherwise
expressly associated or affiliated with the Company for any reason or purpose whatsoever and will not use such Confidential Information except on behalf of the Company at any time during Employee’s employment with the Company or at any time
after the Termination Date. Employee further agrees to promptly surrender to the Company upon request during Employee’s employment with the Company and immediately upon the Termination Date, all Confidential Information and any other Company
property of any kind, existing in any tangible, print or electronic form, in Employee’s possession or under Employee’s control, including all passwords used by Employee to access facilities, networks, or phone systems of the Company.
Notwithstanding the foregoing, Employee may retain any materials obtained in performance of duties as a director of a corporation, manager of a limited liability company or comparable position. Employee also expressly agrees that immediately upon
the Termination Date, Employee shall cease using any secure website or web portals, e-mail system, or phone system or voicemail service of the Company. 

(d) In addition, during Employee’s employment with the Company and at all times after the Termination Date, Employee shall not
directly or indirectly disclose any Trade Secret (defined below) to any third-party, and shall not use any Trade Secret, directly or indirectly, for Employee or for others, without the prior written consent of the Company. For purposes of this
Agreement, the term “Trade Secret” means any item of Confidential Information that constitutes a trade secret of the Company under the common law or statutory law of the state in which Employee is domiciled. The Parties
acknowledge and agree that this Agreement is not intended to, and does not, alter either the Company’s rights or Employee’s obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices.

 (e) It is acknowledged and agreed that any breach or threatened breach of the provisions of this Section 4 would cause
irreparable injury to the Company and that money damages would not provide an adequate remedy to the Company. In the event of a breach or threatened breach by Employee of this Section, the Company shall be entitled to an injunction restraining
Employee from disclosing any Confidential Information or Trade Secrets, and, further, from accepting any employment with or rendering any services to any such third-party to whom any Confidential Information or Trade Secret has been disclosed or is
threatened to be disclosed by Employee. 
 (f) Nothing contained in this Section 4 shall be construed as prohibiting the Company
from pursuing any other equitable or legal remedies for any such breach or threatened breach, including recovery from Employee of any monetary damages that the Company may suffer by reason of any such breach or threatened breach. 

5. Prohibited Solicitation of Company Customers. In exchange for the consideration provided hereunder, and based on Employee’s access to
Confidential Information and Trade Secrets during 

  
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Employee’s employment with the Company, Employee agrees that during Employee’s employment with the Company and for the full extent of the Restricted Period, Employee shall not directly
or indirectly, alone or in concert with others, solicit, encourage, influence, recruit or induce, or attempt to solicit, encourage, influence, recruit or induce any Company Customer, in an effort to divert, transfer or take away business from the
Company, as these terms are defined below. 
 6. Prohibited Interference with Source Relationships. Employee acknowledges that relationships
between the Company and the equipment vendors and manufacturers through whom it sources business (“Sourcing Partners”), constitute a valuable asset of the Company and may not be converted to Employee’s own use or benefit
or for the use or benefit of any other third-party. Accordingly, Employee hereby agrees that during Employee’s employment with the Company and for the full extent of the Restricted Period, Employee shall not directly or indirectly, alone or in
concert with others, on Employee’s own behalf or on behalf of any other Person, without the Company’s specific prior written consent, solicit, encourage, influence, recruit or induce, or attempt to solicit, encourage, influence, recruit or
induce any Sourcing Partner to reduce, limit, or modify in any manner such Sourcing Partner’s business or relationship with the Company or to divert transfer or take away any business opportunity away from the Company. 

7. Prohibited Solicitation of Company Personnel. Employee acknowledges that relationships between the Company and its employees constitute a
valuable asset of the Company and may not be converted to Employee’s own use or benefit or for the use or benefit of any other third-party. Accordingly, Employee hereby agrees that during Employee’s employment with the Company and for the
full extent of the Restricted Period, Employee shall not directly or indirectly, alone or in concert with others, on Employee’s own behalf or on behalf of any other Person, without the Company’s specific prior written consent, solicit,
encourage, influence, recruit or induce, or attempt to solicit, encourage, influence, recruit or induce any Company Employee to cease working for the Company. 

8. Prohibited Competition with the Company. Employee covenants and agrees that, during Employee’s employment with the Company, and for the
full extent of the Restricted Period, Employee shall not, either alone or as a partner, principal, joint venture, officer, director, member, employee, consultant, agent, independent contractor or stockholder of any Competitor, engage in or assist
others to engage in a Competitive Activity within the Restricted Territory, as these terms are defined below. 
 9. Definitions. For purposes
of this Agreement, the following terms shall have the following meanings: 
 (a) “Affiliate” means any
and all corporations, limited liability companies and other business entities that, directly or indirectly, control, are controlled by or are under common control with the Company, including but not limited to Commercial Credit, Inc. and CCG
Equipment Finance Limited. 
 (b) “Company Customer” means any Person who is or was a customer or
client of the Company or its Affiliates at the time of, or during the 12 month period prior to the Termination Date. 
 (c)
“Company Employee” means any Person who is or was an employee of the Company or its Affiliates at the time of, or during the 12 month period prior to the Termination Date. 

(d) “Competitive Activity” means: (i) engaging in any aspect of the Business that Employee was involved
with on behalf the Company at any time during the last 12 months of Employee’s employment; (ii) engaging in work for a Competitor that is substantially similar to the work Employee performed on behalf of the Company at any time during the
last 12 months of Employee’s employment; or (iii) engaging in any work for a Competitor that is likely to result in Employee’s use or disclosure of any Confidential Information. Notwithstanding the preceding, the beneficial ownership
of less than five 

  
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percent (5%) of the shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or over the counter market or the beneficial
ownership interest of less than five percent (5%) in a pooled investment fund, such as a mutual fund, which owns shares of stock or other equity interests of a Competitor shall not be deemed, in and of itself, Competitive Activity. 

(e) “Competitor” means any company or business, that competes with the Company and its affiliates in the
Business. 
 (f) “Person” means a natural person, partnership, corporation, association, limited
liability company, joint stock company, trust, joint venture, unincorporated organization or any other entity. 
 (g)
“Restricted Period” means a period of one (1) year (i.e., 12 full calendar months), commencing on Employee’s Termination Date; provided, however, that in the event that Employee is receiving
Severance Pay under Section 3(c)(ii), the Restricted Period shall mean a period of eighteen (18) calendar months, commencing on the Termination Date. The Restricted Period shall be extended for the length of time, if any, Employee is in
breach of any provision of this Agreement. 
 (h) “Restricted Territory” means: (i) the
geographic territory assigned to Employee by the Company during the last 12 months of Employee’s employment; (ii) those states and provinces within the United States and Canada in which Employee assisted the Company to engage in the
Business at any time during the last 12 months of Employee’s employment; (iii) those states and provinces within the United States and Canada in which the Company engaged in the Business and had Company Customers at any time during the
last 12 months of Employee’s employment. 
 (i) Employee’s agreement in Sections 5, 6 and 7 that Employee shall not
“solicit, encourage, influence, recruit or induce” means that Employee shall not in any way, directly or indirectly, contact or communicate with any Company Customer, Sourcing Partner or Company Employee,
regardless of who initiates the contact or communication, for the express or implicit purpose of requesting the customer, Sourcing Partner, or employee to cease doing business with or being employed by the Company, to begin doing business with or
being employed by another Person, or to divert business away from the Company to another Person. 
 10. Employee Acknowledgements and Additional
Provisions Concerning Enforcement of Restrictive Covenants. 
 (a) Consideration for Restrictions. Employee acknowledges and
represents that additional consideration for the restrictive covenants contained in this Agreement, above and beyond the consideration provided to Employee for Employee’s employment with the Company prior to the Effective Date, inclusive of
consideration under the Previous Agreement, and above and beyond what Employee would otherwise be entitled to, including but not limited to additional severance compensation, is provided under this Agreement as good and valuable consideration for
the obligations and duties of Employee set forth herein. 
 (b) Reasonableness of Restrictions. Employee acknowledges and represents
that because of the nature of the Business, Employee’s position in the senior leadership of the Company, Employee’s familiarity with the Company’s Confidential Information, its strategic planning, its sources of business and its
personnel, and Employee’s unlimited access to confidential Company Customer information, the restrictive covenants contained in Sections 5, 6, 7 and 8 are reasonable in time, territory, and scope, and in all other respects, and are necessary to
protect the Company’s legitimate business interests. 

  
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 (c) Restrictive Covenants Are Material Elements Of This Agreement. The restrictive
covenants contained in this Agreement constitute a material inducement to the Company entering into this Agreement and agreeing to employ Employee on the terms and conditions stated herein. 

(d) Injunctive Relief. Notwithstanding any other provision of this Agreement, in the event of Employee’s actual or threatened
breach of any provision of Sections 4, 5, 6, 7 or 8 of this Agreement, the Company shall be entitled to an injunction restraining Employee from such breach or threatened breach, it being agreed that any breach or threatened breach of these
restrictive covenants would cause immediate and irreparable injury to the Company and that money damages would not provide an adequate remedy to the Company. Nothing herein shall be construed as prohibiting the Company from pursuing any other
equitable or legal remedies for such breach or threatened breach, including the recovery of monetary damages from Employee. 
 (e)
Accounting for Profits. If the Employee violates any of the Employee’s obligations under Sections 4, 5, 6, 7 or 8 of this Agreement, the Company and Affiliates will be entitled to an accounting and repayment of all profits,
compensation, commissions, remunerations or benefits that the Employee directly or indirectly has realized or may realize as a result of, growing out of or in connection with any such violation. 

(f) Severability and Reformation. If any part or provision of the foregoing restrictive covenant provisions is found to be invalid or
unenforceable by a court of competent jurisdiction because its duration, territory, definition of activities, or definition of information covered is considered to be invalid or unreasonable in scope, the invalid or unreasonable terms shall be
redefined and the Agreement shall be deemed amended to the extent required to render the otherwise unenforceable provision, and the rest of the Agreement, valid and enforceable. If such court declines to amend this Agreement as provided for herein,
the invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of the remaining provisions, which shall be enforced as if the offending provision had not been included in this Agreement. 

11. Additional Post-Termination Covenants. 

(a) Resignation from Offices. Upon the termination of Employee’s employment hereunder, regardless of (A) the date, cause, or
manner of the termination of Employee’s employment with the Company, (B) whether such termination occurs with or without Cause or is a result of Employee’s resignation, or (C) whether the Company provides severance benefits to
Employee under this Agreement, Employee shall resign and does resign his positions as an officer and director of the Company, and as an officer and director of each of the Company’s affiliates, and from all other offices and positions with the
Company and its affiliates, with such resignations to be effective upon the Termination Date. 
 (b) Non-Disparagement. From and
after the Termination Date, Employee agrees not to make any statements to the Company’s employees, customers, vendors, or suppliers or to any public or media source, whether written or oral, regarding Employee’s employment hereunder or
termination from the Company’s employment, except as may be approved in writing by an executive officer of the Company in advance. Employee further agrees not to make any statement (including to any media source, or to the Company’s
suppliers, customers or employees) or take any action that would disrupt, impair, embarrass, harm or affect adversely the Company or any of the employees, officers, directors, or customers of the Company or place the Company or such individuals in
any negative light. 
 (c) Post-Termination Cooperation. From and after the Termination Date, Employee agrees to cooperate with and
provide assistance to the Company and its legal counsel in connection with any litigation (including arbitration or administrative hearings) or investigation affecting the Company, in 

  
 - 10 - 

 
which, in the reasonable judgment of the Company’s counsel, Employee’s assistance or cooperation is needed. Employee shall, when requested by the Company, provide truthful
testimony or other assistance and shall travel at the Company’s request in order to fulfill this obligation. In connection with such litigation or investigation, the Company shall attempt to accommodate Employee’s schedule, shall
reimburse Employee (unless prohibited by law) for any actual loss of wages in connection therewith, shall provide Employee with reasonable notice in advance of the times in which Employee’s cooperation or assistance is needed, and shall
reimburse Employee for any reasonable expenses incurred in connection with such matters. 
 12. The Company’s Rights to Inventions and Other
Intellectual Property.  
 (a) Employee hereby assigns to the Company all of Employee’s rights, title, and
interest (including, but not limited to all patent, trademarks, copyright, and trade secret rights) in and to all Work Product (as defined below) prepared or developed by Employee, made or conceived in whole or in part by Employee within the scope
of Employee’s employment by the Company, or that involve the use of Confidential Information or Trade Secrets within six (6) months thereafter. Employee further acknowledges and agrees that all copyrightable Work Product prepared by
Employee within the scope of Employee’s employment by the Company are “works made for hire” and, consequently, that the Company owns all copyrights thereto. 

(b) Employee represents and warrants to the Company that all work that Employee performs for or has performed for the Company or any
other Affiliated Entity, and all Work Product that Employee produces, which includes, but is not limited to, software, copyrights, trademarks, domain names, domain name registrations, documentation, memoranda, ideas, designs, inventions, processes,
new developments or improvements, and algorithms (“Work Product”), will not knowingly infringe upon or violate any patent, copyright, trade secret, or other property right of Employee’s former employers or
of any other third party. Employee will not disclose to the Company, or use in any of Employee’s Work Product, any confidential or proprietary information belonging to others, unless both the owner thereof and the Company have consented. 

(c) Notwithstanding the other provisions of this Section 12, Employee shall not be required to assign, transfer, or convey to the
Company any of the rights, title, and interest Employee may have in any Work Product that Employee invents, discovers, originates, makes, or conceives during Employee’s employment by the Company if and only if (i) no equipment, supplies,
facilities, Confidential Information, or Trade Secrets are used in the creation of the Work Product, (ii) the Work Product was developed entirely on Employee’s own time, (iii) the Work Product does not relate directly to the Business
or to the Company’s actual or demonstrably anticipated research or development, and (iv) the Work Product does not result in any way from any work performed by Employee for the Company. By signing below, Employee acknowledges receipt of
the attached Exhibit B regarding the Notice of inventions that are excluded from assignment as required by California law. 
 13.
Indemnification. 
 (a) General. Subject to the limitations set forth in this Section 13, the Company shall indemnify
and hold harmless, to the fullest extent permitted by applicable law as it presently exists or may hereafter be amended, Employee if Employee was or is made or is threatened to be made a party to or is otherwise involved in any pending, threatened
or completed action, suit, arbitration, alternative dispute resolution proceeding, investigation, administrative hearing, or other proceeding, whether by or in the right of the Company, or any other person or entity, whether civil, criminal,
administrative or investigative (a “Proceeding”) by reason of the fact that Employee is or was a director, officer, employee or agent of the Company or is or was serving at the request of the Company as a director, manager,

  
 - 11 - 

 
officer, member, employee or agent of any Affiliate of the Company or other enterprise, including service with respect to employee benefit plans, against all cost, expense, liability and loss
(including without limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by Employee or on Employee’s behalf in connection with any
Proceeding and any appeal therefrom. Employee’s rights under this Section 13 shall continue after Employee has ceased acting as a director, manager, officer, member, employee or agent of the Company, an Affiliate or such other enterprise
and shall inure to the benefit of the heirs, executors and administrators of Employee. The Company’s obligation to provide the indemnification set forth in this Section 13(a) shall be subject to Employee having acted in good faith and in a
manner Employee reasonably believed to be in or not opposed to the best interests of the Company, Affiliate or other enterprise for which Employee served, and, with respect to any criminal action or proceeding, having had no reasonable cause to
believe Employee’s conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Employee did not act in
good faith and in a manner which Employee reasonably believed to be in or not opposed to the best interests of the Company, Affiliate or other enterprise for which Employee served, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that Employee’s conduct was unlawful. 
 (b) Advancement of Expenses. Subject to the limitations set
forth in this Section 13, the Company shall pay the reasonable expenses (including reasonable attorneys’ fees) incurred by Employee in defending any Proceeding in advance of its final disposition; provided, however, that such
advancement of expenses shall be made only upon receipt of an undertaking by Employee, in a form approved by the Company, to repay all amounts advanced if it shall ultimately be determined that Employee is not entitled to be indemnified therefor.
Employee agrees to reimburse the Company for all expenses advanced under this Section 13 in the event and only to the extent it shall ultimately be determined by a final adjudication that Employee is not entitled to be indemnified by the
Company for such expenses. 
 (c) Claims for Indemnification or Advancement; Determination of Eligibility. 

(i) Any claim by Employee for indemnification or advancement of expenses under this Agreement shall be made in a writing
delivered to the Company, setting forth in reasonable detail the basis for such indemnification or advancement and the amount requested, and accompanied by appropriate documentation to support the amount so requested (or, in the case of advancement
of expenses to be incurred, the basis on which such amount is to be determined). A claim for advancement may include future expenses reasonably expected to be incurred, provided they are generally described in the claim, and provided that the
Company shall not be required to advance particular expenses covered by the claim until it has received appropriate substantiation that those expenses have been incurred and are appropriately included within the advances approved by the Company
pursuant to this Section 13(c). 
 (ii) Promptly upon its receipt of a written claim for advancement of expenses
to which Employee is entitled hereunder, and within sixty days after its receipt of a written claim for indemnity to which Employee is entitled hereunder, the Company shall pay such advancement (and any future related submissions for advancement of
expenses as they are incurred) or such claim for indemnity in full to or as directed by Employee. If and to the extent it is required by law that the Company make any particular determination as to Employee’s eligibility to receive such
advancements or indemnity, or whether Employee has met the standards set forth in Section 13(a) hereof, the Company shall make such determination as promptly as practicable in good faith and in accordance with such requirements of law, and in
any event within sixty days after its receipt of the claim from Employee. In the event that the Company fails to make such 

  
 - 12 - 

 
determination as to Employee’s eligibility, or makes a determination that Employee is ineligible for indemnification or advancement of expenses hereunder, within such sixty day period, then
Employee may seek such determination from a court of competent jurisdiction. In any such proceeding, the Company shall have the burden of proving that Employee was not entitled to the requested indemnification or advancement of expenses, and any
prior determination by the Company to the contrary shall be to no effect and shall not be given any weight by the court, it being the intention of the parties that any determination by the court as to Employee’s eligibility for and entitlement
to indemnification or advancement of expenses hereunder shall be made de novo based upon the terms of this Agreement and the evidence presented to such court. 

(d) Limitations on Claims. In addition to the limitations on indemnification set forth in Section 13(a) above, the Company shall
not be obligated pursuant to this Agreement: 
 (i) To indemnify or advance expenses to Employee with respect to a
Proceeding initiated by Employee, except (A) for Proceedings authorized or consented to by the Board; or (B) in the event a claim for indemnification or payment of expenses (including attorneys’ fees) made under this Agreement is not
paid in full within sixty days after a written claim therefor has been received by the Company, Employee may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense of
prosecuting such claim, including attorneys’ fees. In any such action, the Company shall have the burden of proving that Employee was not entitled to the requested indemnification or payment of expenses under applicable law or this Agreement.

 (ii) To indemnify Employee for any expenses incurred by Employee with respect to any Proceeding instituted by
Employee to enforce or interpret this Agreement, unless Employee is successful in establishing Employee’s right to indemnification in such Proceeding, in whole or in part; provided, however, that nothing in this
Section 13(d)(ii) is intended to limit the Company’s obligation with respect to the advancement of expenses to Employee in connection with any Proceeding instituted by Employee to enforce or interpret this Agreement, as provided in
Section 13(c) above. 
 (iii) To indemnify Employee in connection with proceedings or claims involving the
enforcement of the provisions of this Agreement (other than as otherwise specifically provided for in this Section 13) or any other employment, severance or compensation plan or agreement that Employee may be a party to, or beneficiary of, with
the Company or any Affiliate. 
 (iv) To indemnify Employee on account of any proceeding with respect to which final
judgment is rendered against Employee for payment or an accounting of profits arising from the purchase or sale by Employee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, any similar successor
statute, or similar provisions of state statutory law or common law. 
 (e) Non-Exclusivity of Rights. The right conferred on
Employee by this Section 13 shall not be exclusive of any other rights which Employee may have or hereafter acquire under any statute, provision of the Company’s certificate of incorporation or bylaws, agreement, vote of stockholders or
disinterested directors or otherwise, or under any insurance maintained by the Company; but such rights in the aggregate shall not entitle Employee to duplicative multiple recoveries. No amendment or alteration of the Company’s Certificate of
Incorporation or Bylaws or any other agreement shall adversely affect the rights provided to Employee under this Section 13. 
 (f)
Savings Clause. If any provision or provisions of this Section 13 shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify 

  
 - 13 - 

 
Employee as to costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil,
criminal, administrative or investigative, including an action by or in the right of the Company, to the full extent permitted by any applicable portion of this Section 13 that shall not have been invalidated and to the full extent permitted by
applicable law. 
 14. No Conflict. Employee represents and warrants that Employee is not subject to any agreement, instrument, order,
judgment or decree of any kind, or any other restrictive agreement of any character, which would prevent Employee from entering into this Agreement or would conflict with the performance of Employee’s duties pursuant to this Agreement. Employee
represents and warrants that Employee will not engage in any activity, which would conflict with the performance of Employee’s duties pursuant to this Agreement. 

15. Notices. Any notice, requests, demands and other communications to be given to a party in connection with this Agreement shall be in writing
addressed to such party at such party’s “Notice Address,” which shall initially be as set forth below: 
  

					
			If to the Company:		Commercial Credit Group, Inc.
					227 West Trade Street, Suite 1450
					Charlotte, NC 28202
					Attn: Chief Legal Officer
			
			If to Employee:		Address on file in the Company’s payroll records

 A party’s Notice Address may be changed or supplemented from time to time by such party by notice thereof
to the other party as herein provided. Any such notice shall be deemed effectively given to and received by a party on the first to occur of (a) the date on which such notice is actually delivered (whether by mail, courier, hand delivery,
electronic or facsimile transmission or otherwise) to such party’s Notice Address and addressed to such party, if such delivery occurs on a business day, or if such delivery occurs on a day which is not a business day, then on the next business
day after the date of such delivery, or (b) the date on which such notice is actually received by such party (or, in the case of a party that is not an individual, actually received by the individual designated in the Notice Address of such
party). For purposes of the preceding sentence, a “business day” is any day other than a Saturday, Sunday or U.S. federal public legal holiday. 

16. Reimbursement of Legal Expenses. Employee shall receive reimbursement from the Company of reasonable legal fees and expenses incurred in
reviewing and negotiating the terms of this Agreement. 
 17. Miscellaneous.  

(a) Waiver of Breach. The waiver by either Party of a breach or violation of any provision of this Agreement shall not operate as, or
be construed to be, a waiver of any subsequent breach of the same or other provision hereof. The failure of either Party to insist, in any one or more instances, upon performance of any of the terms, conditions, or restrictive covenants contained in
this Agreement shall not be construed as a waiver or a relinquishment of any right granted hereunder or of the future performance of any such term or condition, but the obligations of each Party with respect thereto shall continue in full force and
effect. 
 (b) Severability. Subject to the provisions of Section 10(f) allowing for reformation of this Agreement’s
restrictive covenants, any provision of this Agreement that is determined to be invalid or unenforceable by any court of competent jurisdiction will not affect the validity or enforceability of (i) any other provision hereof or (ii) the
invalid or unenforceable provision in any other situation or in any other jurisdiction. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or
unenforceable. 

  
 - 14 - 

 (c) Assignability. Except as otherwise provided herein, this Agreement shall inure to the
benefit of and shall be binding upon Employee, his or her executor, administrators, heirs, and personal representatives and upon the Company and its successors and assigns. The rights, obligations, and duties of Employee hereunder may be assigned by
the Company to any successor or assign of the Company, and such successor or assign is expressly authorized to enforce all the terms and provisions of this Agreement, including without limitation the terms and provisions of Sections 4, 5, 6, 7, 8
and 10 hereof. Employee’s obligations under this Agreement shall not be assignable by Employee. 
 (d) Choice of Law; Consent to
Jurisdiction and Venue. This Agreement shall be governed by the laws of the State of North Carolina without regard to its choice of law rules. The Parties expressly consent to the sole and exclusive venue and jurisdiction of the United States
District Courts for the Western District of North Carolina, or any North Carolina Superior Court, including the North Carolina Business Court, sitting in Mecklenburg County, North Carolina, and each waives any venue or inconvenient forum defense to
any proceeding maintained in such courts, and except as otherwise provided for in this Agreement, each agrees not to bring any proceeding arising out of or relating to this Agreement or Employee’s employment with the Company in any other court.

 (e) Amendments; Entire Agreement. This Agreement contains the entire agreement between the parties with respect to the subject
matter hereof and no agreements, representations, or statements of any party not contained herein shall be binding on such party except as to (i) the provisions of any prior agreement by which Employee agrees to return the property and
information of Company and its Affiliates and (ii) the provisions of any prior agreement by which Employee agrees not to use, disclose or otherwise misappropriate Company’s or its Affiliates’ confidential or trade secret information,
which provisions shall survive and be in addition to the terms of this Agreement. No amendment of any provision of this Agreement will be valid unless the amendment is in writing and signed by the Company and Employee. Without limiting the
generality of the foregoing, the obligations under this Agreement with respect to any termination of employment of Employee, for whatever reason, supersede any severance or related obligations of the Company in any policy, plan or practice of the
Company or any agreement between Employee and the Company. 
 (f) Headings. Section headings in this Agreement are included herein
for convenience of reference only and shall not constitute a part of this Agreement for any other purpose. 
 (g) Counterparts. This
Agreement may be executed by the Parties in multiple counterparts and shall be effective as of the Effective Date when each party shall have executed and delivered a counterpart hereof, whether or not the same counterpart is executed and delivered
by each Party. When so executed and delivered, each such counterpart shall be deemed an original and all such counterparts shall be deemed one and the same document. Transmission of images of signed signature pages by facsimile, e-mail or other
electronic means shall have the same effect as the delivery in person of manually signed documents. 
 (h) Compliance with
Section 409A. This Agreement is intended to comply with Section 409A of Internal Revenue Code of 1986, as amended (“Section 409A”), to the extent applicable. Notwithstanding any provision herein to the
contrary, this Agreement shall be interpreted, operated and administered consistent with this intent.
  

	 	a.	Each separate installment under this Agreement shall be treated as a separate payment for purposes of determining whether such payment is subject to or exempt from compliance with the requirements of
Section 409A.

  
 - 15 - 

	 	b.	For purposes of this Agreement, with respect to payments of any amounts that are considered to be “nonqualified deferred compensation” subject to Section 409A, references to “termination of
employment”, “termination”, or words and phrases of similar import, shall be deemed to refer to Executive’s “separation from service” as defined in Section 409A, and shall be interpreted and applied in a manner
that is consistent with the requirements of Section 409A. 

  

	 	c.	In addition, in the event that Employee is a “specified employee” within the meaning of Section 409A (as determined in accordance with the methodology established by the Company as in effect on the date
of termination of Employee’s employment hereunder), any payment or benefits hereunder that are nonqualified deferred compensation subject to the requirements of Section 409A shall be provided to Employee no earlier than six (6) months
after the date of Employee’s “separation from service” within the meaning of Section 409A. 

[signatures follow on next page] 

  
 - 16 - 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
officer, and Employee has hereunto signed this Agreement, as of the Effective Date. 
  

													
											“The Company”:
						
	 		 		 		 		 		COMMERCIAL CREDIT GROUP INC.
							
			Date:		  
						By:		  

											Name:		
											Title:		
						
											“Employee”:
						
											  

			Date:		  
						[Name]

 [Employment Agreement Signature Page] 

 EXHIBIT A 
  

					
	Employee:		  
		
			
	Position:		  
		

 Compensation and Benefits: 
  

	1.	Base Salary. Commencing with the Effective Date and for all services rendered by Employee during the first year of employment under this Agreement, Employee shall be paid by the Company a salary at an annual rate
of                  ($        .00) (Employee’s “Base Salary”), payable in accordance with the
Company’s customary pay practices, as the same may be established or modified from time to time. Thereafter, Employee’s Base Salary shall be reviewed by the Company periodically, and at least annually, and may be adjusted in accordance
with such reviews, in good faith, but in the sole discretion of the Company. 

  

	2.	Bonuses; Additional Compensation. Employee may be eligible to receive bonuses and to participate in incentive compensation plans of the Company in accordance with any plan or decision that the Board, or any
committee or other person authorized by the Board, may in its sole discretion determine from time to time. 

  

	3.	Stock Plan Participation. Employee shall be allowed participation in any Equity Incentive Plan (“Stock Plan”), consistent with the determination of the Board in its
discretion to offer such Stock Plan. Any such participation shall be subject to the terms and conditions of the Stock Plan as adopted by the Board, and Employee’s agreement to and execution of such restricted stock award agreements and other
ancillary documents as govern the participants of such Stock Plan. 

  

	4.	Reimbursement of Expenses. Employee shall be paid or reimbursed by the Company, in accordance with and subject to the Company’s general expense reimbursement policies and practices and the Company’s
receipt of evidence of such expenses reasonably satisfactory to the Company, for all reasonable travel and other business expenses incurred by Employee in performing his obligations under this Agreement. 

 

	5.	Benefits.  

  

	 	•	 	Participation in the Company’s Employee Benefit Programs and Plans. Employee shall be eligible to participate in the Company’s medical and dental insurance programs, 401(k), and other employee benefit
or welfare plans, programs, or arrangements that the Company has or may from time to time establish or sponsor for the benefit of the Company’s employees, upon Employee meeting any qualifications for participation in such plan(s), program(s),
or arrangement(s). 

  

	 	•	 	Payments To Employee If No Health Plan. If at any time during Employee’s employment under this Agreement the Company ceases to sponsor a group health insurance plan for its employees, then the Company shall
pay Employee (on the first pay day of each calendar month during such period) an after tax amount that will allow Employee to obtain health insurance coverage for himself and his dependents on terms that are substantially equivalent to the terms
Employee and his dependents were receiving coverage under the Company’s group health plan immediately prior to the Company ceasing to sponsor such plan. 

	 	•	 	Paid Time Off Allowance. Employee shall be entitled to twenty-eight (28) days of paid time off (“PTO”) for use during each calendar year of employment under
this Agreement, subject to the Company’s policies as revised from time to time governing the use of such PTO, with such amount to be prorated and accrued for any partial year. PTO days accrued but not taken during a particular calendar year may
not be carried forward and will expire if not used in the year in which they are accrued. 

 EXHIBIT B 

NOTIFICATION REGARDING CERTAIN 

EXCLUSIONS FROM INVENTION ASSIGNMENT 

(California Labor Code Section 2870) 

THIS IS TO NOTIFY you in accordance with California Labor Code Section 2872 that the invention assignment provision in the Agreement
between you and the Company does not apply to certain inventions pursuant to California Labor Code § 2870, which provides as follows: 

“(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights
in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those
inventions that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the
employer’s business, or actual or demonstrably anticipated research or development of the employer; or 
 (2) Result
from any work performed by the employee for the employer. 
 (b) To the extent a provision in an employment agreement purports to require an
employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.”EX-10.1

 Exhibit 10.1 

PERFORMANCE UNIT 
 GRANT
NOTICE AND AWARD AGREEMENT 
 Congratulations! As a key leader in our business, you are in a position to have significant influence on
the outcomes that affect our guests and Pinnacle Entertainment, Inc. (the “Company” or “Pinnacle”). I am pleased to inform you that, in recognition of the role you play in our collective success, you have been
granted Performance Units. This award is subject to the terms and conditions of the 2005 Equity and Performance Incentive Plan, as amended and restated, this Grant Notice and the Performance Unit Award Agreement, which are in all events the
governing documents for your Award. The details of this Award are indicated below. 
  

					
	Grantee:	 	  
	 	
	Date of Grant:	 	  
	 	
	Number of Performance Units:	 	  
	 	
	Performance Period:	 	  
	 	

 Performance Goals and Vesting Factors: 

EBITDA Percentage. The table for determining the EBITDA Percentage (the “EBITDA Table”) for [Year 1] is attached as Exhibit A. The
EBITDA Tables for [Year 2] and [Year 3] shall be established by the Committee within the first 90 days of each such calendar year and shall be incorporated herein and attached as Exhibit B and Exhibit C, respectively. Following the close of the
[Year 2] and [Year 3] calendar years, the EBITDA Table established by the Committee for the next calendar year shall be prepared and distributed to each designated executive. The EBITDA Percentage for each calendar year shall be determined by
interpolating the figures in the applicable EBITDA Table. 
 EBITDA Vesting Factor. The EBITDA Vesting Factor shall be determined, based on the
average of the EBITDA Percentages for the three calendar years in the Performance Period, in accordance with the table attached as Exhibit D (the “EBITDA Vesting Factor Table”) and interpolation of the figures in the EBITDA
Vesting Factor Table, as described in Exhibit D. The EBITDA Vesting Factor shall never exceed             %. 

TSR Vesting Factor. The TSR Vesting Factor shall be determined in accordance with the table below (the “TSR Table”). 

TOTAL SHAREHOLDER RETURN (TSR) PERFORMANCE GOAL 
  

					
	 % of Target
	  	TSR Vesting Factor	 
	 Bottom Third
	  	 	            	% 
	 Middle Third
	  	 	            	% 
	 Top Third
	  	 	            	% 

 The grant of Performance Units can be a great opportunity for individual wealth creation. Through your efforts
and the efforts of your colleagues in running the business better and maximizing growth opportunities, you have the ability to help increase the value of our Company for all shareholders. 

Thank you for all you do each and every day as a leader and owner of the Company. Our focus on driving profitable revenues, eliminating
non-value added expense and investing our capital prudently is collectively building a much stronger Pinnacle. We are establishing a balanced portfolio of properties as we continue to grow nationally and internationally, and are well on our way to
becoming the BEST CASINO ENTERTAINMENT COMPANY IN THE WORLD. 
 It is an exciting time to be part of Pinnacle Entertainment! 

Anthony Sanfilippo 
 Chief
Executive Officer 

  
 - 1 - 

 PERFORMANCE UNIT 

GRANT NOTICE 
 Exhibit A

 [Year 1] EBITDA Table 
  

					
	 EBITDA Plan

(in millions)
	  	EBITDA Percentage	 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 

  
 - 2 - 

 PERFORMANCE UNIT 

GRANT NOTICE 
 [Year 2]
Exhibit B 
  

					
	 EBITDA Plan

(in millions)
	  	EBITDA Percentage	 
	 $            
	  	 	             	% 
	 $            
	  	 	             	% 
	 $            
	  	 	             	% 
	 $            
	  	 	             	% 
	 $            
	  	 	             	% 

  
 - 3 - 

 PERFORMANCE UNIT 

GRANT NOTICE 
 Exhibit C

 [Year 3] EBITDA Table 
  

					
	 EBITDA Plan

(in millions)
	  	EBITDA Percentage	 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 
	 $            
	  	 	            	% 

  
 - 4 - 

 PERFORMANCE UNIT 

GRANT NOTICE 
 Exhibit D

 EBITDA Vesting Factor Table 
  

					
	 3-Year Average

EBITDA Percentage
	  	EBITDA Vesting Factor	 
	 <             %
	  	 	    	% 
	 >             %

(the “Threshold Average EBITDA Percentage”)
	  	 	    	% 
	                 %
	  	 	    	% 
	                 %
	  	 	    	% 
	                 %
	  	 	            	% 
	 >             %

(the “Maximum Average EBITDA Percentage”)
	  	 	            	% 

 The EBITDA Vesting Factor between the Threshold Average EBITDA Percentage and the Maximum Average EBITDA Percentage shall be
determined by interpolation, except in the event that the 3-Year Average EBITDA Percentage is greater than or equal to             % and less than or equal to
            %. 

  
 - 5 - 

 PERFORMANCE UNIT 

AWARD AGREEMENT 
 THIS
PERFORMANCE UNIT AWARD AGREEMENT (together with the above grant notice (the “Grant Notice”), this “Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between Pinnacle
Entertainment, Inc., a Delaware corporation (the “Company”), and the individual identified in the Grant Notice (the “Grantee”). 

A. Pursuant to the Pinnacle Entertainment, Inc. 2005 Equity and Performance Incentive Plan, as amended and restated (the
“Plan”), the Company’s Compensation Committee (the “Committee”) has determined that it is to the advantage and best interest of the Company to grant Performance Units to the Grantee in the number set forth in
the Grant Notice, subject to the terms of this Agreement (this “Award”). 
 B. Capitalized terms used in this Agreement
that are not otherwise defined herein shall have the meanings ascribed to them in the Plan. 
 NOW, THEREFORE, in consideration of the
mutual agreements contained herein, the Grantee and the Company hereby agree as follows: 
 1. Acceptance of Agreement. The Grantee
has reviewed all provisions of the Plan and this Agreement. By electronically accepting this Award according to the instructions provided by the Company’s designated broker, the Grantee agrees that this electronic contract contains the
Grantee’s electronic signature, which the Grantee has executed with the intent to sign and be bound by this Agreement, and that this Award is granted under and governed by the terms and conditions of the Plan and this Agreement. The Grantee
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee on questions relating to the Plan and this Agreement. 

2. Grant and Terms of Performance Units. 

2.1 Grant of Award. The Performance Units granted hereunder shall be subject to the terms and provisions of the Plan and this
Agreement. 
 2.2 Vesting. 

2.2.1 The Grantee may vest in the Performance Units subject to this Award at the end of the performance period set forth in the Grant Notice
(the “Performance Period”). 
 2.2.2 The number of Performance Units that vest as of the end of the Performance Period,
based on the level of attainment of each of the performance goals at the end of the Performance Period and subject to the Committee’s certification of the level of attainment of each of the performance goals for the Performance Period, in
accordance with Section 10.4 of the Plan (the “Committee’s Certification”) and to Sections 3 and 5 below, shall be the product of (i) the total number of Performance Units granted under this Award, (ii) the
applicable EBITDA Vesting Factor from the EBITDA Vesting Table attached as Exhibit D of the Grant Notice, and (iii) the applicable TSR Vesting Factor set forth in the TSR Table in the Grant Notice. The number of Performance Units that vest in a
Performance Period pursuant to this Section 2.2 shall be referred to herein as “Vested Performance Units.” 
 2.2.3
For purposes of this Section 2.2: 
 2.2.3.1 “EBITDA” shall mean on a consolidated basis the Company’s earnings
before interest income and expense, income taxes, depreciation, amortization, pre-opening and development expenses, non-cash share-based compensation, asset impairment costs, write-downs, reserves, recoveries, corporate-level litigation settlement
costs, gain (loss) on sale of certain assets, loss on early extinguishment of debt, gain (loss) on sale of equity security investments, income (loss) from equity method investments, non-controlling interest and discontinued operations. 

  
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 2.2.3.2 The “EBITDA Percentage” for each calendar year during the Performance
Period shall be determined, based on the percentage of the EBITDA target for that calendar year that was achieved based on actual performance will be determined, in accordance with the applicable EBITDA Table attached as Exhibit A, Exhibit B, or
Exhibit C of the Grant Notice. The EBITDA Percentage for each calendar year shall be determined by interpolating the figures in the applicable EBITDA Table. 

2.2.3.3 The “EBITDA Vesting Factor” shall be determined, using the EBITDA Vesting Table set forth in Exhibit D of the Grant
Notice, based on the average of the applicable EBITDA Percentages for the three calendar years in the Performance Period and interpolation of the figures in the EBITDA Vesting Factor Table, as described in Exhibit D. The EBITDA Vesting Factor shall
never exceed 150%. 
 2.2.3.4 “Total Shareholder Return” shall be calculated in the manner described in Exhibit 1
of this Performance Unit Award Agreement. 
 2.2.3.5 In computing EBITDA and Total Shareholder Return of the Company there shall be
excluded the impact of (a) restructurings, discontinued operations, charges for extraordinary items, and corporate transactions involving the Company such as a recapitalization, merger, spinoff, or REIT conversion, (b) any event either not
directly related to the operations of the Company or not within the reasonable control of the Company management, or (c) a change in accounting standards required by generally accepted accounting principles. In addition, objective adjustments
shall be made in determining EBITDA and Total Shareholder Return of the Company for items that will not properly reflect the Company’s operating segments’ financial performance, such as the write-off of debt issuance costs, loss on the
early extinguishment of debt, pre-opening and development costs, gain or loss from asset dispositions or the sale of equity securities, severance expenses, costs of share-based compensation, net merger termination gains, asset or other impairment
charges, litigation settlement costs, items that have traditionally been excluded by the Company in its computation of EBITDA and Total Shareholder Return of the Company for its operating segments, other non-routine items, and acquisitions and
dispositions occurring during the Performance Period. Consistent with the foregoing and as permitted under applicable tax guidance, the Company shall adjust the performance goals to reflect corporate transactions involving the Company such as a
recapitalization, merger, spinoff, or REIT conversion. 
 2.2.4 Notwithstanding the foregoing, based upon the Committee’s review of
the Company’s performance during the Performance Period and such other objective or subjective facts and circumstances as the Committee deems relevant or appropriate, the Committee retains the discretion to decrease, but not to increase, the
number of Performance Units that vest at the end of the Performance Period, even if the performance criteria goals are attained or exceeded. 

2.2.5 To the extent that any Performance Units granted under this Award do not vest pursuant to Section 2.2 after the end of the
Performance Period, the Grantee shall forfeit and have no further rights with respect to the unvested Performance Units, and the Company shall have no obligations with respect to the unvested Performance Units, including any obligation to make any
payment with respect the unvested Performance Units. 
 3. Forfeiture of Performance Units. Subject to the terms of any agreement
between the Grantee and the Company (including but not limited to an applicable employment agreement), if the Grantee’s Continuous Status as an Employee, Director or Consultant terminates for any reason prior to the last day of the Performance
Period, the Grantee shall forfeit and have no further rights with respect to all Performance Units granted under this Award (whether or not vested), and the Company shall have no obligations with respect to any Performance Units granted under this
Award (whether or not vested), including any obligation to make any payment with respect those Performance Units. 
 4. Settlement of
Vested Performance Units. 
 4.1 For each Vested Performance Unit, the Grantee shall be entitled to a cash payment equal to
            dollar ($            ), subject to the Company’s right to withhold from the cash payment any amount necessary to
satisfy applicable tax withholding obligations, as set forth in Section 6.12 below (the total of which is referred to herein as the “Cash Payment”). 

  
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 4.2 The Cash Payment pursuant this Section 4 shall be paid to the Grantee on or after the
January 1st and in no event later than the March 15th immediately following the end of the Performance Period (such period to be
referred to herein as the “Payment Period”), provided further that, the Cash Payment shall be made within 30 days after date on which the Committee’s certification occurs during the Payment Period. Except as provided in
Section 5 below, the Company’s obligation to make the Cash Payment pursuant to this Award is contingent upon the Committee’s Certification occurring within the Payment Period, and the Company shall have no obligation to make, and the
Grantee shall have no right to receive, the Cash Payment pursuant to this Award if the Committee’s Certification does not occur during the Payment Period. 

5. Change of Control. Notwithstanding the foregoing, in the event that a Change of Control (as defined in the Plan) occurs on or before
the end of the Performance Period, the total number of Performance Units granted under this Award shall become 100% vested immediately prior to the consummation of the Change of Control (as if the target goals were earned), and the Cash Payment
pursuant to Section 4 and this Section 5 shall be made to the Grantee on or after the date on which the Change of Control is consummated but no later than the 5th day immediately
following such date, subject to Section 6.12 below. 
 6. General. 

6.1 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware applicable to agreements
made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other jurisdiction. 

6.2 Community Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes of this
Agreement, the Grantee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Award and the parties hereto shall act in all matters as if the Grantee was the sole owner of this
Award. This appointment is coupled with an interest and is irrevocable. 
 6.3 No Employment Rights. Nothing herein contained shall
be construed as an agreement by the Company or any of its subsidiaries, express or implied, to employ the Grantee or contract for the Grantee’s services, to restrict the Company’s or such subsidiary’s right to discharge the Grantee or
cease contracting for the Grantee’s services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between the Grantee and the Company or any of its
subsidiaries. 
 6.4 No Right to Damages. The Grantee will have no right to bring a claim or to receive damages if any portion of
the Grant is forfeited. The loss of existing or potential profit in Awards will not constitute an element of damages in the event of the Grantee’s termination of service for any reason even if the termination is in violation of an obligation of
the Company or a Related Company to the Grantee. 
 6.5 No Rights as Stockholder. The Grantee shall have no rights to vote, receive
dividends or any other rights as a stockholder with respect to the Performance Units granted under this Award, notwithstanding the vesting of any such Performance Units. 

6.6 No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of the provisions of this Agreement shall
be for the benefit of, or enforceable by, any third-party beneficiary. 
 6.7 Successors and Assigns. Except as provided herein to
the contrary, this Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective successors and permitted assigns. 

6.8 No Assignment. Notwithstanding any other provision of this Agreement, the Grantee may not sell, pledge, assign, hypothecate,
transfer or dispose of this Award in any manner. This Award shall not be subject to execution, attachment or other process. Notwithstanding the foregoing, pursuant to Section 12.3 of the Plan, the Cash Payment may be made to the Grantee’s
estate in the event of the death of the Grantee. 

  
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 6.9 Severability. If any provision of this Agreement is held to be invalid, illegal or
unenforceable by any court or arbitrator of competent jurisdiction, then solely as to such jurisdiction and subject to this Section 6.9, that provision shall be limited (“blue-penciled”) to the minimum extent necessary so that this
Agreement shall otherwise remain enforceable in full force and effect in such jurisdiction and without affecting in any way the enforceability of this Agreement in other jurisdictions. To the extent such provision cannot be so modified, the
offending provision shall, solely as to such jurisdiction, be deemed severable from the remainder of this Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve to the maximum permissible extent the intent
and purposes of this Agreement in such jurisdiction and without affecting in any way the enforceability of this Agreement in other jurisdictions. 

6.10 Equitable Relief. The Grantee acknowledges that, in the event of a threatened or actual breach of any of the provisions of this
Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and damage. Accordingly, the Grantee agrees that the Company shall be entitled to injunctive and other equitable
relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement. 
 6.11
Arbitration. 
 6.11.1 General. Any controversy, dispute, or claim between the parties to this Agreement, including any claim
arising out of, in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in accordance with this Section 6.11 and the
then most applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof. Such arbitration shall be administered by the American
Arbitration Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter apply to a court for provisional relief,
including a temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief. Unless mutually agreed by the parties
otherwise, any arbitration shall take place in Las Vegas, Nevada. 
 6.11.2 Selection of Arbitrator. In the event the parties are
unable to agree upon an arbitrator, the parties shall select a single arbitrator from a list of nine arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the option of
the Grantee, from a list of nine persons (which shall be retired judges or corporate or litigation attorneys experienced in stock options and buy-sell agreements) provided by the office of the American Arbitration Association having jurisdiction
over Las Vegas, Nevada. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from the list, with the first to strike being determined by lot. After each party has used
four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected. 

6.11.3 Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration shall extend to
claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, stockholder, employee or agent of each party, or of any of the above, and shall apply as well to claims arising out of
state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to reasonable discovery subject to the discretion of the arbitrator.
The remedial authority of the arbitrator (which shall include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the parties and their
dispute. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled to summary judgment if the matter had been pursued in court
litigation. In the event of a conflict between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

6.11.4 Fees and Costs. Any filing or administrative fees shall be borne initially by the party requesting arbitration. The Company
shall be responsible for the costs and fees of the arbitration, unless the Grantee wishes to contribute (up to 50%) of the costs and fees of the arbitration. Notwithstanding the foregoing, 

  
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the prevailing party in such arbitration, as determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement
from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation), expenses, and attorneys’ fees. 

6.11.5 Award Final and Binding. The arbitrator shall render an award and written opinion, and the award shall be final and binding
upon the parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not affect the validity of the remainder of this Agreement,
and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties, including those arising out of statutory claims, shall
be resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any
subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 
 6.12
Withholding Taxes. The Company has the right to take whatever steps the Company deems necessary or appropriate to comply with all applicable federal, state, local, and employment tax withholding requirements, and the Company’s
obligations to make the Cash Payment upon the settlement of this Award will be conditioned upon compliance with all such withholding tax requirements. Without limiting the generality of the foregoing, upon the settlement of this Award, the Company
will have the right to (i) withhold from the Cash Payment that would be made upon on the settlement of this Award the amount of the Company’s withholding tax liability, (ii) withhold taxes from any other compensation or other amounts
which it may owe to the Grantee or (iii) require the Grantee to pay to the Company the amount of any taxes which the Company may be required to withhold with respect to the Cash Payment on such settlement. 

6.13 Headings. The section headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit,
extend or interpret the scope of this Agreement or of any particular section. 
 6.14 Number and Gender. Throughout this Agreement,
as the context may require, (a) the masculine gender includes the feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the plural tense and number includes the
singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the parties, sections, paragraphs and exhibits of and to this Agreement; and
(e) periods of days, weeks or months mean calendar days, weeks or months. 
 6.15 Electronic Delivery and Disclosure. The
Company may, in its sole discretion, decide to deliver or disclose, as applicable, any documents related to this Award granted under the Plan, future Awards that may be granted under the Plan, the prospectus related to the Plan, the Company’s
annual reports or proxy statements by electronic means or to request the Grantee’s consent to participate in the Plan by electronic means. The Grantee hereby consents to receive such documents delivered electronically or to retrieve such
documents furnished electronically, as applicable, and agrees to participate in the Plan through any online or electronic system established and maintained by the Company or another third party designated by the Company. 

6.16 Data Privacy. The Grantee agrees that all of the Grantee’s information that is described or referenced in this Agreement and
the Plan may be used by the Company, its affiliates and the designated broker and its affiliates to administer and manage the Grantee’s participation in the Plan. 

6.17 Acknowledgments of the Grantee. The Grantee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and Agreement and, by accepting the Notice of Grant, acknowledges and agrees to all of the provisions of the Plan and this Agreement. 

6.18 Internal Revenue Code Section 409A; Taxation. 

  
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 6.18.1 The compensation provided under this Agreement is intended to constitute a short-term
deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) and be exempt from the requirements of Section 409A of the Code (“Section 409A”), and this Agreement shall be interpreted and construed in
accordance with such intent. Where this Agreement specifies a payment or settlement period (for purposes of this Section 6.18, a “payment”), the actual date of payment within such specified period shall be within the sole discretion
of the Company, and the Grantee shall have no right (directly or indirectly) to determine the year in which such payment is made. In the event that the Company determines that any compensation provided hereunder may be subject to the requirement of
Section 409A, the Company (without any obligation to do so or obligation to indemnify the Grantee for any failure to do so) may adopt, without the consent of the Grantee, such amendments to this Agreement or take any other actions that the
Company in its sole discretion determines are necessary or appropriate for such compensation to either (a) be exempt from the requirements of Section 409A or (b) comply with the requirements of Section 409A. 

6.18.2 In the event that any compensation provided under this Agreement is subject to the requirements of Section 409A: 

6.18.2.1 No payment of such compensation that is payable upon the Grantee’s termination of employment shall be made unless the
Grantee’s termination of employment constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). 

6.18.2.2 With regard to such compensation, if the Grantee is deemed at the time of his separation from service to be a “specified
employee” for purposes of Code Section 409A(a)(2)(B)(i), to the extent delayed commencement of any portion of the compensation to which the Grantee is entitled under this Agreement is required in order to avoid a prohibited distribution
under Code Section 409A(a)(2)(B)(i) (any such delayed commencement, a “Payment Delay”), the payment of such compensation shall not be made to the Grantee prior to the earlier of (1) the expiration of the six-month period
measured from the date of the Grantee’s “separation from service” with the Company or (2) the date of the Grantee’s death. Upon the earlier of such dates, all payments deferred pursuant to the Payment Delay shall be paid in
a lump sum to the Grantee, and the payment of any remaining compensation due under this Agreement shall be made as otherwise set forth herein. The determination of whether the Grantee is a “specified employee” for purposes of Code
Section 409A(a)(2)(B)(i) as of the time of his separation from service shall be made by the Company in accordance with the terms of Code Section 409A and applicable guidance thereunder (including without limitation Treasury Regulation
Section 1.409A-1(i) and any successor provision thereto). 
 6.18.3 In no event does the Company guarantee any particular tax
consequences, outcome or tax liability to the Grantee. No provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with the requirements of Section 409A from the Grantee or any other
individual to the Company or its affiliates. 
 6.19 Complete Agreement. The Grant Notice, this Agreement, the Plan, and the
applicable terms of any agreement between the Grantee and the Company (including but not limited to an applicable employment agreement) constitute the parties’ entire agreement with respect to the subject matter hereof and supersede all
agreements, representations, warranties, statements, promises and understandings, whether oral or written, with respect to the subject matter hereof. 

6.20 Waiver of Jury Trial. TO THE EXTENT EITHER PARTY INITIATES LITIGATION INVOLVING THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP
BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY JURY. THIS WAIVER WILL APPLY TO ALL CAUSES OF ACTION THAT ARE OR MIGHT BE INCLUDED IN SUCH ACTION, INCLUDING
CLAIMS RELATED TO THE ENFORCEMENT OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION, OR SIMILAR CAUSES OF ACTION, AND IN CONNECTION WITH ANY LEGAL ACTION INITIATED FOR THE RECOVERY OF
DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS. 

  
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 Exhibit 1 

The following is a summary of the total shareholder return, the total shareholder return peer group and the calculation of total shareholder
return: 
  

			
	 Total Shareholder

Return Peer Group
		 •    S&P Leisure Time Services Select Industry Index (SPSILT)

 
 —     Peer
companies are fixed at the beginning of the performance period
  

—     Stock prices and dividends are collected in accordance with methodology employed
by S&P’s Research Insight database
  

—     If two companies in the index merge, only the performance of the surviving/new
company is included in the final TSR calculation
  

—     If an index company is acquired by a company outside of the index, the original
index company is excluded from the final TSR calculation
  

—     If an index company becomes insolvent during the period it will remain in the
index and be included at the bottom of the percentile ranking

		
	 Total Shareholder

Return Calculation
		 •    Starting and Ending Stock Prices

 
 —     30-day
calendar average stock price used for Pinnacle and index companies to compute beginning and ending stock prices
  

•    Final TSR Calculation

 
 —     [(Final stock
price – beginning stock price) + accumulated dividends] / beginning stock price

  
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