Document:

Exhibit 10.17

 

[Participant Name]

RSA

 

Restricted Stock Award

 

(F5 Finishes, Inc. 2019 Incentive Stock
Plan) 

 

Subject to the following terms, F5 Finishes,
Inc., a Delaware corporation (the Company), grants to the following employee of the Company (Grantee), as of the
following grant date (the Grant Date), the following number of restricted shares (the Restricted Shares), which
will become vested in accordance with the following vesting schedule, subject to expiration prior to vesting in accordance with
the terms of this Award:

 

	 	Grantee: 	 	 
	 	 	 	 
	 	Grant Date: 		 
	 	 	 	 
	 	Number of	 	 
	 	Restricted Shares:		 
	 	 	 	 
	 	Vesting Schedule: 		 

  

Terms of Award

 

1. Plan

 

This Award has been granted under F5 Finishes,
Inc. 2019 Incentive Stock Plan (the Plan), which is incorporated in this Award by reference. Capitalized terms used in this
Award without being defined (for example, the term “Committee”) have the same meanings that they have in the Plan.

 

2. Vesting

 

Any unvested portion of the Restricted Shares
shall lapse and be cancelled on Grantee’s Termination Date unless Grantee’s Termination occurs by reason of his or
her death, in which case the Restricted Shares shall become fully vested as of Grantee’s Termination Date.

 

Unless this Award or an individual severance
or employment agreement to which Grantee is a party provides otherwise, the provisions of Article 7 of the Plan with respect to
a Change of Control shall be applicable to this Award.

 

Unless this Award or an individual severance
or employment agreement to which Grantee is a party provides otherwise, the provisions of Article 7 of the Plan with respect to
a Change of Control shall be applicable to this Award.

 

     

     

    

  

3. Stock
Certificates

 

The Company shall be the custodian for all
shares of Restricted Shares. Reasonably promptly following Grantee’s written request after any unvested Restricted Shares
have become vested, the Company shall issue and deliver to Grantee a stock certificate in Grantee’s name representing those
vested Restricted Shares on the Company’s stock records.

 

4. Voting
and Distributions

 

Grantee shall not have the right to vote
Restricted Shares and shall not be entitled to dividends and distributions in respect of Restricted Shares until the Restricted
Shares are vested.

 

5. Tax
Liability

 

Unless Grantee has made a timely election
under section 83(b) of the Code to be taxed as of the Grant Date rather than as the Restricted Shares become vested, the Company
shall have the right, upon the vesting of any Restricted Shares, to deduct or withhold, or require Grantee to remit to the Company,
an amount sufficient to satisfy the federal, state, local and other taxes (including Grantee’s FICA obligation) that the
Company is required to withhold by reason of such vesting.

 

6. Confidentiality
and Nonsolicitation Agreement – Not Applicable if Grantee is an Outside Director 

 

This Award and the grant of the Restricted
Shares are subject to Grantee’s (i) entering into the confidentiality and nonsolicitation agreement which has been provided
to Grantee if Grantee has not previously entered into such agreement in connection with Grantee’s receipt of an Award under
the Plan (the Nonsolicitation Agreement) or (ii) Grantee’s reaffirmation of the Nonsolicitation Agreement that Grantee
previously entered into in connection with Grantee’s receipt of an Award under the Plan.  The Company would not have
granted the Award to Grantee without Grantee’s entering into or reaffirming the Nonsolicitation Agreement.

 

7. Transferability

 

Any unvested portion of the Restricted Shares
may not be sold, transferred, assigned or pledged (whether by operation of law or otherwise), except as provided by will or the
applicable intestacy laws, and shall not be subject to execution, attachment or similar process. Once vested, any sale, transfer,
assignment or pledge of the Restricted Shares is subject to the restrictions on transfer imposed by any applicable state and federal
securities laws.

 

8. Interpretation

 

This Award is subject to the terms of the
Plan, as the Plan may be amended (but except as required by applicable law, no amendment of the Plan after the Grant Date shall
adversely affect Grantee’s rights in respect of the Award without Grantee’s consent).

 

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If there is a conflict or inconsistency
between this Agreement and the Plan, the terms of the Plan shall control. The Committee’s interpretation of this Agreement
and the Plan shall be final and binding.

 

9. No
Right to Continued Employment

 

Nothing in this Award shall be considered
to confer on Grantee any right to continue in the employ of the Company or a Subsidiary or to limit the right of the Company or
a Subsidiary to terminate Grantee’s employment.

 

10. Governing
Law

 

This Award shall be governed in accordance
with the laws of the State of Delaware.

 

11. Recovery
of Compensation

 

This Award is subject to the requirements
of (i) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded
compensation) and any implementing rules and regulations thereunder, (ii) any policies adopted by the Company in accordance with
such rules and regulations or any compensation recovery policy otherwise required by applicable law, and (iii) any clawback policy,
as in effect from time to time, adopted by the Company, all to the extent determined by the Committee to be applicable to Grantee.
In addition, if Grantee receives any amount in excess of what Grantee should have received under the terms of this Award for any
reason (including, without limitation, by reason of a financial restatement, mistake in calculations or other administrative error),
then Grantee shall be required to repay any such excess amount to the Company.

 

12. Binding
Effect

 

This Award shall be binding on the Company
and Grantee and on Grantee’s heirs, legatees and legal representatives.

 

13. Effective
Date

 

This Award shall not become effective until
Grantee’s acceptance of this Award and the acceptance or reaffirmation of the Nonsolicitation Agreement. Upon Grantee’s
acceptance of this Award and the acceptance or reaffirmation of the Nonsolicitation Agreement, this Award shall become effective,
retroactive to the Grant Date, without the necessity of further action by either the Company or Grantee. Notwithstanding the foregoing,
the effectiveness of the Award is not conditional on the acceptance or reaffirmation of the Nonsolicitation Agreement if Grantee
is an Outside Director.

 

 

[Signature page follows]

 

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	 	 	F5 Finishes, Inc.  
	 	 	 	 
	 	 	By	 
	 	 	 	Michael Patton 
	 	 	 	President & Chief Executive Officer

 

Acceptance by Grantee

 

I accept this Restricted Shares Award and
agree to be bound by all of its terms. I acknowledge receipt of a copy of the Plan, and, unless I am an Outside Director, I (i)
agree to enter into the Nonsolicitation Agreement, a copy of which I acknowledge receipt, if I have not previously entered into
such agreement in connection with the receipt of an Award under the Plan or (ii) reaffirm the Nonsolicitation Agreement that I
have previously entered into in connection with the receipt of an Award under the Plan.

 

	 	 	 
	 	 	[signature of Grantee]
	 	 	 
	 		Grantee’s address:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

4Exhibit 10.18

 

Confidentiality and Nonsolicitation Agreement

 

This Confidentiality and Nonsolicitation
Agreement (this Agreement) is entered into by F5 Finishes, Inc., a Delaware corporation (the Company) and [name
of employee], an employee of the Company (Employee), as of ______________, 20__.

 

Background:

 

The Company has granted to Employee an award
(the Award) under the F5 Finishes Inc. 2019 Incentive Stock Plan (the Plan). As a condition of granting the Award,
the Company required Employee to enter into this Agreement, and in consideration of the Company’s grant of the Award, among
other consideration, Employee voluntarily agreed to do so.

 

Now, therefore, in consideration of (i)
the Company’s grant of the Award, (ii) any additional awards under the Plan that the Company may make to Employee in the
future (but which Employee understands the Company is not required to make), (iii) the mutual promises and covenants in this Agreement
and (iv) other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the parties agree
as follows:

 

1. Definitions

 

Certain capitalized terms used in this Agreement
are defined in the attached Exhibit A.

 

2. Confidentiality
Covenant

 

During Employee’s Employment and continuing
indefinitely following the termination of Employee’s Employment, regardless of the reason for or circumstances of Employee’s
termination, Employee shall treat all Confidential Information as secret and confidential (Employee’s Confidentiality
Covenant).

 

Employee shall not under any circumstances
directly or indirectly (i) disclose any Confidential Information to a third party (except as required in the normal course of Employee’s
duties or by a court order or as expressly authorized by an officer of the Company) or (ii) use any Confidential Information for
Employee’s own account.

 

All correspondence, files, records, documents,
memoranda, reports and other items in whatever form or medium containing or reflecting Confidential Information, whether prepared
by Employee or otherwise coming into Employee’s possession, shall remain the Company’s exclusive property. Upon the
termination of Employee’s Employment, or at any other time that the Company requests, Employee shall promptly turn over to
the Company all written or tangible Confidential Information that may be in Employee’s possession or control (including all
copies and summaries and notes derived from Confidential Information).

 

     

     

    

 

3. Nonsolicitation
Covenant

 

Employee agrees that during Employee’s
Employment, and regardless of the reason for or circumstances of Employee’s termination, for a period of 12 months beginning
on the date of termination of Employee’s Employment and ending on the first anniversary of that date, Employee shall not
directly or indirectly do any of the following (Employee’s Nonsolicitation Covenant):

 

(a) solicit
for a Competing Business any customer or account of the Company that Employee had dealings with or supervisory responsibility for,
or had access to Confidential Information relating to, during the 12-month period ending on the date of termination of Employee’s
Employment; or

 

(b) solicit
for employment or hire away any employee of the Company who was a full-time or part-time employee of the Company at any time during
the 12-month period ending on the date of termination of Employee’s Employment, regardless of whether the employee is or
was employed on an “at will” basis or pursuant to a written agreement.

 

The duration of the Nonsolicitation Period
shall be extended by a length of time equal to (i) the period during which Employee is in violation of Employee’s Nonsolicitation
Covenant and (ii) without duplication, any period during which litigation that the Company institutes to enforce Employee’s
Nonsolicitation Covenant is pending (to the extent that Employee is in violation of Employee’s Nonsolicitation Covenant during
this period). In no event, however, shall any such extension of the Nonsolicitation Period exceed 12 months.

 

Notwithstanding the foregoing, if Employee’s
principal place of employment on the date of the Award’s grant to Employee is California, then the provisions of subsection
(a) of this Paragraph 3 shall not be applicable to such Employee.

 

4. Capacity

 

Employee’s Nonsolicitation Covenant
shall apply to Employee regardless of the capacity in which Employee is acting, that is, whether as an employee, sole proprietor,
partner, joint venturer, limited liability company manager or member, shareholder, director, consultant, adviser, principal, agent,
lender, seller, buyer, supplier, vendor or in any other capacity or role.

 

5. Enforcement

 

Employee agrees that Employee’s violation
of either of the covenants in Paragraphs 2 and 3 (Employee’s Covenants) would cause irreparable harm to the Company
for which money damages alone would be both difficult to determine and inadequate to compensate the Company for its injury. Employee
accordingly agrees that if Employee violates either of Employee’s Covenants, the Company shall be entitled to obtain a temporary
restraining order and a preliminary and permanent injunction to prevent Employee’s continued violation, without the necessity
of proving actual damages or posting any bond or other security.

 

This right to injunctive relief shall be
in addition to any other remedies to which the Company may be entitled. If the Company prevails in its lawsuit against Employee,
Employee shall pay the Company’s attorneys’ fees and court costs in prosecuting its lawsuit.

 

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Employee agrees that if the court in which
the Company seeks injunctive relief, or otherwise seeks to enforce any provision of this Agreement, determines that any of Employee’s
Covenants is too broad in scope or geographical area or too long in duration to be valid and enforceable, the scope, area or duration
may be reduced to limits that the court considers reasonable and, as so reduced, the Employee’s Covenant may be enforced
against Employee.

 

6. Acknowledgments

 

The Company and Employee acknowledge and
agree that Employee’s Covenants are reasonably necessary for the protection of the Company’s legitimate business interests
and are reasonably limited in respect of the scope of the activities that they prohibit and in respect of their duration, geographical
area and effect on Employee and the public. The parties acknowledge that the purpose of Employee’s Covenants is simply to
protect the Company from unfair competition by Employee. Nothing in this Agreement is intended to prevent Employee from obtaining
a livelihood.

 

7. Governing
Law

 

The validity, interpretation, performance,
enforcement and remedies of or relating to this Agreement, and the rights and obligations of the parties under this Agreement,
shall be governed by the laws of the State of Delaware, without regard to its choice-of-law rules.

 

8. Severability

 

If any provision of this Agreement is held
invalid, illegal or unenforceable by a court of competent jurisdiction, the provision shall be severed and the other provisions
of this Agreement shall remain in full force and effect, and this Agreement shall be construed as if the severed provision had
never been part of this Agreement.

 

9. Survival

 

Employee’s continuing obligations
under this Agreement shall survive the termination of Employee’s Employment.

 

10. Waiver

 

Any waiver in a particular instance or series
of instances of any provision of this Agreement shall be in writing and signed by both parties. A waiver shall be applicable only
to the particular instance or instances for which it is given and shall not constitute a waiver of the provision in question in
any other instance.

 

11. Binding
Effect

 

This Agreement shall be binding on and shall
inure to the benefit of the parties and their respective heirs, legal representatives, successors and assigns.

 

 

[The parties’ signatures appear
on the following page.] 

 

    3 

     

    

 

	 	 	F5 Finishes, Inc.
	 	 	 	 
	 	 	By	 
	 	 	 	Michael Patton
	 	 	 	President and Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	 	 	[name of employee]

  

 

[signature page to Confidentiality
and Nonsolicitation Agreement]

 

    4 

     

    

 

Exhibit A

Definitions

 

Business means a person, proprietorship,
partnership, joint venture, limited liability company, corporation, enterprise or other entity, whether proprietary or not-for-profit
in nature.

 

Company means F5 Finishes, Inc.,
and includes any corporation, partnership, limited liability company or other entity in which F5 Finishes, Inc. has a direct or
indirect controlling interest.

 

Competing Business means a Business
that from or at any location in the Restricted Area

 

	 	(1)	is engaged in the business of providing commercial flooring solutions, including sales, installation and maintenance services for existing and new commercial buildings, or multi-family residential high-rise buildings; or

 

	 	(2)	provides any other products or services that the Company provided at any time during the two-year period ending on the date of termination of Employee’s employment.

 

Confidential Information means the
Company’s confidential or proprietary information or trade secrets, in any form or medium, relating to the Company’s
business or operations. The term “Confidential Information” includes (but is not limited to) vendor and current and
prospective customer information, operating information, financial information and projections, sales and marketing information
and plans, product and services information, cost, pricing and billing information, budgets, internal procedures, policies and
best practices, business strategy, technology and know-how, personnel records and compensation of employees or other service providers,
the nature and material terms of business opportunities, and mergers and acquisitions information and strategies.

 

The term “Confidential Information”
does not include information that: (i) is or becomes generally available to the public other than as a result of a disclosure by
Employee in violation of this Agreement; (ii) becomes available to Employee on a non-confidential basis from a source other than
the Company or a subsidiary of the Company (provided, in case (ii), that the source of the information was not known to be bound
by a confidentiality agreement or other contractual, legal or fiduciary obligation of confidentiality in respect of the information);
or (iii) is communicated in response to a valid order by a court or other governmental body, as otherwise required by law, or as
necessary to establish the rights of Employee under this Agreement or the Combination Agreement, provided however that, if reasonably
possible, Employee shall give the Company written notice of such prior to any disclosure so that the Company may seek a protective
order or other similar remedy.

 

Employee’s Employment means
the period during which Employee is employed as a full-time or part-time employee of the Company or a subsidiary of the Company
or in which Employee is engaged to provide consulting services to the Company.

 

Restricted Area means anywhere within
a radius of 100 miles of any location from or at which the Company directly, or indirectly through one or more subsidiaries, serviced
a customer or otherwise provided services during the two-year period ending on the date of termination of Employee’s Employment.

 

 

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