Document:

EX-10.2

 Exhibit 10.2 

Fenix Parts, Inc. 2014 Incentive Stock Plan 

Article 1 
 Purpose

 The purpose of this plan is to recognize and reward participants for their efforts on the Company’s behalf, to motivate
participants by appropriate incentives to contribute to the Company’s attainment of its performance objectives, and to align participants’ interests with those of the Company’s other stockholders through compensation based on the
performance of the Company’s common stock. 
 Article 2 

Definitions 
 Award
means an Option, SAR Award, Restricted Stock Award or RSU Award under the Plan. 
 Award Agreement means a written or electronic
agreement between the Company and a Participant incorporating the terms of an Award to the Participant. 
 Board means the
Company’s Board of Directors. 
 Change of Control is defined in Article 7. The terms “continuing
Director,” “appointed Director” and “elected Director” are also defined in Article 7. 
 Code
means the Internal Revenue Code of 1986, as amended. 
 common stock means the Company’s common stock, par value $.01 per
share. 
 Committee is defined in Section 3.1. Unless the Board designates a different committee, the Compensation
Committee of the Board shall serve as the Committee (as long as all of the members of the Compensation Committee qualify under Section 3.1). 

Company means Fenix Parts, Inc., a Delaware corporation. 

Consultant means any individual who provides bona fide consulting or advisory services to the Company or a
Subsidiary. 
 Director means a director of the Company. 

Eligible Person means, in respect of all types of Awards except ISOs, any Employee, Director or Consultant and, in respect of ISOs, any
Employee. 
 Employee means a full-time or part-time employee of the Company or a Subsidiary. 

Exchange Act means the Securities Exchange Act of 1934, as amended. 

Expiration Date means the last day on which an Option or SAR may be exercised. 

 Fair Market Value means, in respect of a share of common stock as of a given day:

 (a) if shares of common stock are not traded on The Nasdaq Global Market as of the day in question (and the day in
question is not the day preceding the first day that shares of common stock are traded), the Fair Market Value of a share of common stock shall be the share’s fair market value as determined by the Board in a reasonable manner; 

(b) if the day in question is the day preceding the first day that shares of common stock are traded on The Nasdaq Global
Market, the Fair Market Value of a share of common stock shall be the public offering price in the Company’s initial public offering; and 

(c) if shares of common stock are traded on The Nasdaq Global Market as of the day in question, the Fair Market Value of a
share of common stock shall be the last reported sales price of a share of common stock on The NASDAQ Global Market (or if the day in question is not a trading day, the last reported sales price on the most recent trading day). 

Grant Date means, in respect of an Award, the date that the Committee grants the Award or any later date that the Committee specifies
as the effective date of the Award. In the case of an Option granted to an Outside Director pursuant to Section 5.11, the Grant Date shall be the date of the Outside Director’s initial election as a Director or the date of his
re-election as a Director, as the case may be. 
 ISO means an incentive stock option described in §422 of the Code. 

NSO means a nonstatutory stock option (i.e., any stock option other than an ISO). 

Option means an award pursuant to Article 5 of an option to purchase shares of common stock. Unless otherwise specified in
Article 5, the Committee shall designate at the time of grant whether an Option is an ISO or a NSO. 
 Outside Director means
a Director who is not an Employee. 
 Participant means an Eligible Person who holds an Award under the Plan. 

Performance Goals means one or more of the following objective performance goals for the Company, a division or a Subsidiary, measured
over a 12-month or longer period and specified either in absolute terms or in percentage terms relative to a target, base period, index or peer group: 
  

	 	•	 	earnings per share 

  

	 	•	 	earnings before interest, taxes, depreciation and amortization 

  

	 	•	 	revenues 

  

	 	•	 	income from operations 

  

	 	•	 	return on invested capital 

  

	 	•	 	return on assets 

  

	 	•	 	internal rate of return 

  

	 	•	 	return on stockholders’ equity 

  

	 	•	 	total return to stockholders 

 Plan means this plan, as it may be amended. The name of
this Plan is the “Fenix Parts, Inc. 2014 Incentive Stock Plan.” 
 Restricted Shares means shares of common stock
subject to a risk of forfeiture or other restrictions that will lapse if and when specified service requirements, Performance Goals or other conditions are satisfied. 

  
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 Restricted Stock Award means an award of Restricted Shares pursuant to Article
6. 
 Restricted Stock Unit means a contractual right to receive one share of common stock in the future if and when
specified service requirements, Performance Goals or other conditions are satisfied. 
 RSU Award means an award of Restricted
Stock Units pursuant to Article 6. 
 SAR, or stock appreciation right, means a contractual right to receive a payment
representing the excess of the Fair Market Value of a share of common stock on the date that the right is exercised over the exercise price per share of the right. 

SAR Award means an award of a Stand-Alone SAR or Tandem SAR pursuant to Article 5. 

Stand-Alone SAR means an SAR that is not related to an Option. 

share means a share of the Company’s common stock.  

Subsidiary means a “subsidiary corporation” as defined in §424(f) of the Code. 

Tandem SAR means an SAR that is related to an Option. 

Termination Date means, in respect of an Employee, the date of his or her termination of service to the Company or a Subsidiary. An
Employee’s transfer of employment from the Company to a Subsidiary, or from a Subsidiary to the Company or to another Subsidiary, shall not be considered a termination of service. 

Article 3 

Administration 
 3.1
Committee 
 The Board of Directors shall designate a committee of the Board (the “Committee”) to administer the
Plan except in respect of Directors, for whom the full Board of Directors shall administer the Plan. The Committee shall consist of two or more Directors both or all of whom shall be (i) “non-employee directors” as defined in Rule
16b-3 under the Exchange Act, (ii) “independent directors” under the applicable listing standards of The NASDAQ Global Market and (iii) “outside directors” under §162(m) of the Code. 

3.2 Authority 

Subject to the terms of the Plan, the Committee shall have the authority to select the Eligible Persons to whom Awards are to be granted and to
determine the time, type, number of shares, vesting, restrictions, limitations and other terms and conditions of each Award. 
 Awards under
the Plan need not be uniform in respect of different Eligible Persons, whether or not similarly situated. The Committee may consider such factors as it deems relevant in selecting Eligible Persons for Awards and in determining their Awards. 

The Committee may condition the vesting of any Award on the attainment of one or more Performance Goals. Performance Goals may differ from
Participant to Participant and from Award to Award. The Committee shall specify the applicable Performance Goal or Goals in the underlying Award 

  
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Agreement (but in no event later than the latest permissible date to enable the Award to qualify as performance-based compensation under §162(m) of the Code). The Committee’s evaluation
of a Performance Goal’s attainment may be adjusted to exclude any extraordinary events and transactions as described in Accounting Principles Board Opinion No. 30, but in all other respects, the measurement of Performance Goals shall be
determined in accordance with the Company’s financial statements and U.S. generally accepted accounting principles. 
 The Committee
may interpret the Plan, adopt, revise and rescind policies and procedures to administer the Plan, and make all factual and other determinations required for Plan’s administration. 

The Committee’s determinations, interpretations and other actions shall be final and binding. No member of the Committee shall be liable
for any action of the Committee in good faith. 
 3.3 Procedures 

The members of the Committee shall elect a chairman, and the Committee shall meet as necessary at the call of the chairman or any two members
of the Committee. A majority of the members of the Committee shall constitute a quorum, and all actions of the Committee at a meeting at which a quorum is present shall be taken by majority vote. 

A member of the Committee may participate in any meeting of the Committee by a conference telephone call or other means that enable all
persons participating in the meeting to hear one another, and participation in this manner shall constitute his or her presence in person at the meeting. The Committee also may act by the unanimous written consent of its members. 

Article 4 
 Plan
Operation 
 4.1 Effective Date 

This Plan shall become effective if and when approved by the Company’s stockholders. 

4.2 Term 
 This
Plan shall have a term of 10 years, expiring on the tenth anniversary of its approval by the Company’s stockholders (but remaining in effect, however, for outstanding Awards). No Award may be granted under the Plan after its expiration. 

4.3 Maximum Number of Shares 

The maximum total number of shares of common stock for which Awards may be granted under this Plan is 1,375 shares. This maximum shall be
subject to the capitalization adjustments under Section 4.6. 
 The shares for which Options and SARs are granted shall count
against this limit on a 1-for-1 basis, and the shares for which Restricted Stock Awards and RSU Awards are granted shall count against this limit on a 2-for-1 basis (so that each share for which a Restricted Stock Award or RSU Award is granted
reduces by two shares the available number of shares for which Awards may be granted). 
 The shares for which Awards may be granted shall
be shares currently authorized but unissued or shares that the Company currently holds or subsequently acquires as treasury shares, including shares purchased in the open market or in private transactions. 

  
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 4.4 Shares Available for Awards 

The determination of the number of shares of common stock available for Awards under the Plan shall take into account the following: 

(a) If an Option lapses or expires unexercised, the number of shares in respect of which the Option lapsed or expired shall be
added back to the available number of shares for which Awards may be granted. 
 (b) If a Restricted Stock Award or RSU Award
lapses or is forfeited, twice the number of shares in respect of which the Award lapsed or was forfeited shall be added back to the available number of shares for which Awards may be granted. 

(c) If a SAR Award or RSU Award is settled in cash, the number of shares in respect of which the Award was settled in cash
shall not be added back to the available number of shares for which Awards may be granted. 
 (d) If the exercise price of an
Option is paid by delivery of shares of common stock pursuant to Section 5.8, the number of shares issued upon exercise of the Option, without netting the shares delivered in payment of the exercise price, shall be taken into account in
determining the available number of shares for which Awards may be granted. 
 4.5 Individual Limit on Awards 

In any calendar year, the maximum number of shares for which Awards may be granted to any Eligible Person shall not exceed 50,000 shares in the
case of Options and SARS and 50,000 shares in the case of Restricted Stock and RSU Awards, in each case taking into account all similar types of grants and awards under other stock option and equity compensation plans of the Company. These maximums
shall be subject to the capitalization adjustments under Section 4.6. 
 4.6 Capitalization Adjustments 

In the event of a change in the number of outstanding shares of common stock by reason of a stock dividend, stock split, recapitalization,
reorganization or the like, the Committee shall, equitably adjust the following in order to prevent a dilution or enlargement of the benefits or potential benefits intended to be provided under the Plan: (i) the number of shares for which
Awards may be granted under the Plan, (ii) the maximum number of shares for which Awards may be granted to any Eligible Person in a calendar year, (iii) the aggregate number of shares in respect of each outstanding Award and (iv) the
exercise price of each outstanding Option and SAR. The Committee may also make any other equitable adjustments that the Committee considers appropriate. 

Article 5 
 Stock Options
and SARs 
 5.1 Grant 

The Committee may grant an Option or SAR to any Eligible Person. Subject to the terms of this Plan, the Committee shall determine the
restrictions, limitations and other terms and conditions of each Option and SAR Award. 
 The Committee shall designate each Option as
either an ISO or NSO, and shall designate each SAR Award as either a Stand-Alone SAR or a Tandem SAR. A Tandem SAR may not be granted later than the time that its related Option is granted. 

  
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 5.2 Exercise Price 

The Committee shall determine the exercise price of each Option and SAR. The exercise price per share may not be less than the Fair Market
Value of a share of common stock as of the Grant Date of the Option or SAR. 
 Except for capitalization adjustments under
Section 4.6 or as approved by the Company’s stockholders, the exercise price per share of any outstanding Option or SAR may not be reduced, and the Option or SAR may not be surrendered to the Company for cash or as consideration for
the grant of a new Option or SAR with a lower exercise price per share. 
 5.3 Vesting and Term 

The Committee shall determine the time or times at which each Option and Stand-Alone SAR becomes vested. Vesting may be based on continuous
service or on the attainment of Performance Goals or other conditions specified in the Award Agreement. A Tandem SAR shall vest if and to the extent that its related Option vests, and shall expire or be canceled when its related Option expires or is
canceled. No Option or SAR may have an Expiration Date more than 10 years from its Grant Date. 
 Each Option and SAR held by an Employee
shall become fully vested as of his or her Termination Date if the Employee’s termination of employment occurs by reason of his or her death. In addition, the Committee, in its discretion, may accelerate the vesting of an Option or SAR at any
time. 
 5.4 Termination of Employment 

In the case of an Option or SAR held by an Employee whose employment terminates: 

(a) if and to the extent that the Option or SAR is unvested as of the Employee’s Termination Date, the Option or SAR shall
lapse on the Termination Date unless the Employee’s employment terminated by reason of his or her death, in which case the Option or SAR shall become fully vested as of the Employee’s Termination Date; and 

(b) if and to the extent that the Option or SAR is (or becomes) vested as of the Employee’s Termination Date, the Option
or SAR shall expire as specified in the underlying Award Agreement, or if no date is specified, (i) on the earlier of 30 days after the Employee’s Termination Date or the expiration date of the Option or SAR, or (ii) if the
Employee’s employment terminated by reason of his or her death, on the earlier of the first anniversary of the Employee’s death or the expiration date of the Option or SAR. 

The Committee may extend the expiration date of the Option or SAR to any date up to the last day of the term of the Option or SAR. 

5.5 Transferability 

No Option or SAR may be transferred, assigned or pledged, whether by operation of law or otherwise, except (i) as provided in the
underlying Award Agreement or as the Committee otherwise permits, or (ii) as provided by will or the applicable laws of intestacy or (iii) if: 

(a) the transferee is a revocable trust that the employee established for estate planning reasons (in respect of which the
employee is treated as the owner for federal income tax purposes); or 

  
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 (b) the transferee is (i) the spouse of the employee or a child, step-child,
grandchild, parent, sibling or child of a sibling of the employee (each an “eligible transferee”), (ii) a custodian for an eligible transferee under any Uniform Transfers to Minors Act or Uniform Gifts to Minors Act or (iii) a
trust for the primary benefit of one or more eligible transferees. 
 Transfers described in the preceding clause (b) shall be subject
to any restrictions and requirements that the Committee considers appropriate (for example, the transferee’s written agreement to be bound by the terms of the Plan and the underlying Award Agreement). 

No Option or SAR shall be subject to execution, attachment or similar process. 

5.6 Additional ISO Rules 

To the extent that the aggregate fair market value (determined in respect of each ISO on the basis of the Fair Market Value of a share of
common stock on the ISO’s Grant Date) of the underlying shares of all ISOs that become exercisable by an individual for the first time in any calendar year exceeds $100,000, the Options shall be treated as NSOs. This limitation shall be applied
by taking ISOs into account in the order in which they were granted. 
 In the case of an ISO granted to an Employee who at the time of
grant owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company (or any Subsidiary), the exercise price per share may not be less than 110% of the Closing Price on the Grant Date and the ISO may
not have an Expiration Date more than five years from the Grant Date. 
 The Award Agreement underlying an Option that the Committee
designates as an ISO may contain any additional terms, beyond those of this Plan, that the Committee considers necessary or desirable to include to assure that the Option complies with the requirements of §422 of the Code. 

5.7 Manner of Exercise 

A vested Option or SAR may be exercised in full or only partially (but in the case of a partial exercise, only in respect of a whole number of
shares) by (i) written notice to the Committee or its designee stating the number of shares in respect of which the Option or SAR is being exercised and, in the case of an Option, (ii) full payment of the exercise price of those shares.

 5.8 Payment of Exercise Price 

Payment of the exercise price of an Option shall be made by check or, if permitted by the Committee (either in the underlying Award Agreement
or at the time of exercise), by: (i) delivery of shares of common stock having a Fair Market Value on the date of exercise equal to the exercise price; (ii) directing the Company to withhold, from the shares otherwise issuable upon
exercise of the Option, shares having a Fair Market Value on the date of exercise equal to the exercise price; (iii) by an open-market broker-assisted sale pursuant to which the Company is promptly delivered the portion of the sales proceeds
necessary to pay the exercise price; (iv) any combination of these methods of payment; or (v) any other method of payment that the Committee authorizes. 

  
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 5.9 Tandem SARs 

A Tandem SAR shall entitle the Participant to elect to exercise either the SAR or the related Option as to all or any portion of the shares
subject to the SAR and Option. The exercise of a Tandem SAR shall cause the immediate and automatic cancellation of its related Option with respect to the same number of shares, and the exercise, expiration or cancellation of the related Option
(other than by reason of the exercise of the Tandem SAR) shall cause the automatic and immediate cancellation of the Tandem SAR with respect to the same number of shares. 

5.10 Settlement of SARs 

Settlement of a SAR may be made, in the Committee’s discretion, in shares of common stock or in cash, or in a combination of the two,
subject to applicable tax withholding requirements. Any cash payment in settlement of a SAR shall be made on the basis of the Fair Market Value of a share of common stock on the date that the SAR is exercised. 

5.11 Automatic Option Grants to Outside Directors 

Each Outside Director shall be granted an NSO to purchase 40,000 shares of common stock upon his initial election to the Board and shall also
be granted an NSO to purchase 10,000 shares of common stock at each subsequent annual meeting of stockholders at which he is re-elected a Director. Each such Option shall have a 10-year term, shall vest on the first anniversary of the Grant Date and
may be exercised at any time after it becomes vested and prior to its expiration. The exercise price per share of each such Option shall be the Fair Market Value of a share of common stock on the Grant Date. 

Option grants under this Section 5.11 shall be automatic and non-exclusive. Subject to the approval of the full Board of
Directors, Outside Directors may be granted NSOs for their services as members or chairmen of committees of the Board. 
 Article 6

 Restricted Stock 

and Restricted Stock Units 

6.1 Grant 
 The
Committee may issue Restricted Shares or grant Restricted Stock Units to any Eligible Person. Subject to the terms of this Plan, the Committee shall determine the restrictions, limitations and other terms and conditions of each Restricted Stock
Award and RSU Award. 
 6.2 Vesting 

The Committee shall determine the time or times at which each Restricted Stock Award or RSU Award becomes vested. Vesting may be based on
continuous service or on the attainment of specified Performance Goals or other conditions specified in the Award Agreement. 
 Each
Restricted Stock Award and RSU Award held by an Employee shall become fully vested as of his or her Termination Date if the Employee’s termination of employment occurs by reason of his or her death. In addition, the Committee, in its
discretion, may accelerate the vesting of a Restricted Stock Award or RSU Award at any time. 
 6.3 Transferability 

Prior to the vesting of a Restricted Stock Award, the Restricted Shares subject to the Award may not be transferred, assigned or pledged
(except as provided in the Award Agreement or as the Committee permits) and shall not be subject to execution, attachment or similar process. After vesting, the shares may still remain subject to restrictions on transfer under applicable securities
laws and any restrictions imposed by the Award Agreement. The Committee may require each certificate representing Restricted 

  
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Shares to bear a legend making appropriate reference to the restrictions on the shares, and may also require that the certificate, together with a stock power duly endorsed in blank by the
Participant, remain in the Company’s physical custody or in escrow with a third party until all restrictions have lapsed. 
 6.4
Rights as Stockholder 
 Subject to the terms of the Plan and the underlying Award Agreement, a Participant shall have all of the
rights of a stockholder in respect of the Restricted Shares subject to a Restricted Stock Award, including the right to vote the shares and to receive all dividends and other distributions in respect of the shares. The Committee may provide in the
Award Agreement for the payment of dividends and distributions to the Participant when dividends are paid to stockholders generally or at the time of vesting or distribution of the Restricted Shares. 

A Participant shall not have any rights as a stockholder in respect of the shares of common stock subject to a RSU Award until those shares
have been issued and delivered to the Participant pursuant to the terms of the Award. 
 6.5 Settlement of RSU Award 

Settlement of a RSU Award may be made, in the Committee’s discretion, in shares of common stock or in cash, or in a combination of the
two, subject to applicable tax withholding requirements. Any cash payment in settlement of a RSU Award shall be made on the basis of the Fair Market Value of a share of common stock on the date that the shares subject to the Award become issuable to
the Participant. 
 6.6 Deferrals 

The Committee may (but shall not be required to) permit a Participant to elect to defer the delivery of shares upon the vesting or settlement
of a Restricted Stock Award or RSU Award. Any such election shall be for a deferral period and in a manner and on terms that the Committee approves and that comply with the requirements of §409A of the Code. 

Article 7 
 Change of
Control 
 Upon a Change of Control, all outstanding Awards shall become fully vested and exercisable, and all restrictions on the
shares underlying Restricted Stock Awards shall lapse. 
 A “Change of Control” means an event or the last of a series of
related events by which: 
 (a) any Person directly or indirectly acquires or otherwise becomes entitled to vote stock having
51% or more of the voting power in elections for Directors; or 
 (b) during any 24-month period a majority of the members of
the Board of Directors ceases to consist of Directors who were: 
 (1) Directors at the beginning of the period
(“continuing Directors”); or 
 (2) elected to office after the start of the period by the Board of
Directors with the approval of two-thirds of the incumbent continuing Directors (“appointed Directors”); or 

  
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 (3) elected to office after the start of the period by the Company’s
stockholders following nomination for election by the Board of Directors with the approval of two-thirds of the incumbent continuing and appointed Directors (“elected Directors”); or 

(4) elected to office after the start of the period by the Board of Directors with the approval of two-thirds of the incumbent
continuing, appointed and elected Directors; or 
 (5) elected to office after the start of the period by the Company’s
stockholders following nomination for election by the Board of Directors with the approval of two-thirds of the incumbent continuing, appointed and elected Directors; or 

(c) the Company merges or consolidates with another corporation, and holders of outstanding shares of the Company’s common
stock immediately prior to the merger or consolidation do not own stock in the survivor of the merger or consolidation having more than 51% of the voting power in elections for Directors; or 

(d) the Company sells all or a substantial portion of the consolidated assets of the Company and its Subsidiaries, and the
Company does not own stock in the purchaser having more than 51% of the voting power in elections for Directors. 
 As used in this
definition, a “Person” means any “person” as that term is used in sections 13(d) and 14(d) of the Exchange Act, together with all of that person’s “affiliates” and “associates” as those terms are defined
in Rule 12b-2 under the Exchange Act. 
 Article 8 

Miscellaneous Provisions 

8.1 Award Agreement 

Each Award under the Plan shall be evidenced by an Award Agreement which shall be subject to and incorporate the terms of the Plan. 

8.2 Tax Withholding 

The Company may withhold an amount sufficient to satisfy its withholding tax obligations, if any, in connection with any Award under the Plan,
and the Company may defer making any payment or delivery of shares pursuant to the Award unless and until the Participant indemnifies the Company to its satisfaction in respect of its withholding obligation. 

8.3 Amendment and Termination 

The Board may amend, suspend or terminate the Plan at any time. The Company’s stockholders shall be required to approve any amendment that
would (i) materially increase the number of shares of common stock for which Awards may be granted, (ii) increase the number of shares of common stock for which ISOs may be granted (other than an amendment authorized under
Section 4.6), (iii) permit any action that would be treated as a repricing of Awards under applicable stock exchange rules or (iv) otherwise require stockholder approval under any applicable laws, regulations or stock exchange
rules. If the Plan is terminated, the Plan shall remain in effect for Awards outstanding as of its termination. No amendment, suspension or termination of the Plan shall adversely affect the rights of the holder of any outstanding Award without his
or her consent. 

  
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 8.4 Foreign Jurisdictions 

The Committee may adopt, amend and terminate a supplement to the Plan to permit Employees in another country to receive Awards under the
supplement (on terms not inconsistent with the terms of Awards under the Plan) in compliance with that country’s securities, tax and other laws. 

8.5 No Right To Employment 

Nothing in this Plan or in any Award Agreement shall give any person the right to continue in the employ of the Company or any Subsidiary or
limit the right of the Company or Subsidiary to terminate his or her employment. 
 8.6 Notices 

Notices required or permitted under this Plan shall be considered to have been duly given if sent by certified or registered mail addressed to
the Committee at the Company’s principal office or to any other person at his or her address as it appears on the Company’s payroll or other records. 

8.7 Severability 

If any provision of this Plan is held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining
provisions, and the Plan shall be construed and administered as if the illegal or invalid provision had not been included. 
 8.8
Governing Law 
 This Plan and all Award Agreements shall be governed in accordance with the laws of the State of Delaware. 

  
 11EX-10.4

 Exhibit 10.4 
  

 
 Mr. W. Kent Robertson 

c/o Fenix Parts, Inc. 
 12901 SW 132 Avenue 

Miami, Florida 33186 
 Dear Kent: 

I’m pleased to extend this formal offer for you to join Fenix Parts, Inc. as its Chief Executive Officer. Your employment will be effective as of, and is
contingent upon, the closing of Fenix’s IPO. 
 You will report to the Board of Directors. Your compensation will consist of two elements: salary and
bonus. Your annual base salary will be $350,000 per year and will be paid on a bi-weekly basis. You will be eligible to participate in Fenix’s Annual Executive Bonus Plan which includes both cash and stock-based incentive compensation. 

You will be eligible to participate in all of the employee benefits that Fenix provides to its employees, in accordance with the terms of those plans.
Additional benefit information will be available to you upon your employment. 
 The term of your employment will be for one year from the effective date of
your hire, and will be subject to review by Fenix’s board of directors prior to renewal. 
 To compensate your for your efforts on Fenix’s behalf
prior to its IPO, Fenix will accrue your base salary beginning on October 1, 2014, through the date of Fenix’s IPO and will pay you the accrued amount as a “signing bonus” within 30 days of, and contingent upon, the IPO’s
closing. Until 30 days before the completion of our IPO, you may elect to receive the signing bonus in the form of that number of incentive stock options equal to four times the amount of your accrued bonus divided by the public offering price of
Fenix’s common stock sold in the IPO. If you elect to receive stock options, such options will be granted on the date preceding the first day of trading of our common stock and have an exercise price equal to our IPO price. If you elect to
receive options and Fenix does not successfully complete the IPO, Fenix will have no obligation to pay you the accrued salary that you elected not to receive. 

As a condition to your employment with Fenix, you will be required to sign the attached confidentiality, non-solicitation and non-competition agreement. 

Please sign and send a scan or fax of this letter as your acceptance to me as soon as possible via email. 

Sincerely, 
  

					
	 /s/ Scott Pettit
	  		  	11/03/14                                    

	Scott Pettit, on behalf of and as specifically	  		  	Date
	Authorized by the Board of Directors	  		  	
	Of Fenix Parts, Inc.	  		  	
			
	Accepted by:	  		  	
			
	 /s/ W. Kent Robertson
	  		  	11/03/14                                    

	W. Kent Robertson	  		  	Date

 Noncompetition and Confidentiality Agreement 

(W. Kent Robertson) 
 This
Noncompetition and Confidentiality Agreement (this “Agreement”) is entered into as of November 3, 2014 by Fenix Parts, Inc., a Delaware corporation (“Fenix”), and W. Kent Robertson
(“Executive”), with effect commencing on, and expressly conditioned upon the completion of Fenix’s initial public offering and its combination with the Founding Companies (as that term is used in Fenix’s Registration
Statement on form S-1 contemplated to be filed with the United States Securities and Exchange Commission in November 2014 (the “Effective Date”) 

Background: 
 Executive is a
nominee to become a senior executive officer of Fenix. 
 Fenix is engaged in the business of recycling and reselling automotive parts,
components and systems (the “Business”). 
 Fenix requires, as a condition to becoming a senior executive officer of Fenix,
that Executive execute and deliver this Agreement. 
 Now, therefore, in consideration of their mutual promises and intending to be legally
bound, the parties agree as follows: 
  

	 	1.	Definitions 

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

	 	2.	Noncompetition and Nonsolicitation 

 (a) During the Restricted Period (as its duration
may be extended pursuant to Paragraph 2(b)), and subject to the exception in Paragraph 2(d), Executive shall not directly or indirectly do the following (Executive’s “Covenant Not To Compete”). 

(1) engage in or have a financial or other interest in or provide assistance to any Competing Business; 

(2) solicit or attempt to solicit for a Competing Business any customer or account of the Business with whom or with which the
Business did business at any time during the Look-Back Period; or 
 (3) solicit for employment by a Competing Business any
employee of Fenix who was an employee of the Business at any time during the Look-Back Period, regardless of whether the employee is or was a full-time, part-time or temporary employee, or is or was employed on an “at will” basis or
pursuant to a written agreement. 

 (b) The duration of the Restricted Period shall be extended by a length of time equal to (i) the
period during which Executive is in violation of Executive’s Covenant Not To Compete and (ii) without duplication, any period during which litigation that Fenix institutes to enforce Executive’s Covenant Not To Compete is pending (to
the extent that Executive is in violation of Executive’s Covenant Not To Compete during this period). In no event, however, shall any such extension of the Restricted Period exceed one year. 

(c) Subject to Paragraph 2(d), Executive’s Covenant Not To Compete shall apply to Executive regardless of the capacity in which
Executive is acting, that is, whether as a general or limited partner, joint venturer, limited liability company member or manager, officer, director, shareholder, employee, consultant, adviser, principal, agent, lender, seller, Fenix, supplier,
vendor or in any other capacity or role. 
 (d) Executive’s Covenant Not To Compete shall not apply to Executive’s ownership, as a
passive investment, of less than 1.0% of the outstanding shares of stock of any publicly traded corporation or other entity. 
  

	 	3.	Confidentiality 

 (a) Executive shall treat all Confidential Information as secret and
confidential (Executive’s “Confidentiality Obligation”). Except as provided in Paragraph 3(b), Executive shall not under any circumstances directly or indirectly (i) disclose any Confidential Information to a third
party or (ii) use any Confidential Information for his own account, regardless of the capacity in which he is acting. Executive’s Confidentiality Obligation shall continue indefinitely. 

(b) If Executive learns of the reasonable likelihood that Executive will be required to disclose Confidential Information in any civil,
criminal or administrative action or proceeding, Executive shall promptly give written notice of the required disclosure to Fenix at its principal executive offices (currently 12901 S.W. 132nd
Avenue, Miami, Florida 33186) in order to allow Fenix the opportunity to seek a protective order or other appropriate remedy. If Fenix is unsuccessful in obtaining or fails to seek a protective order or other remedy, the Confidential Information
that counsel to Executive advises Fenix and Executive in writing is legally required to be disclosed may be disclosed without liability under this Agreement. 
  

	 	4.	Acknowledgements 

 Executive acknowledges that: 

(a) the intent of this Agreement is, in part, to enable Fenix to protect the goodwill of the Business; 

(b) the consideration that Executive will receive as a senior executive officer of Fenix, consisting of base salary, incentive compensation
and related employee benefits is sufficient to support Executive’s Covenant Not To Compete and Confidentiality Obligation; 
 (c)
Executive’s Covenant Not To Compete and Confidentiality Obligation (i) are imposed in the context of Fenix’s employment of Executive and (ii) are reasonable in scope, geographical area and duration, considering the scope and
geographic area of the activities of the Business and the activities of Fenix; 

 (d) Fenix’s legitimate need for the protection afforded to the Business by Executive’s
Covenant Not To Compete and Confidentiality Obligation is not outweighed by any hardship to Executive or any injury likely to occur to the public or the public interest; and 

(e) Executive’s promises in this Agreement were and are material inducements to Fenix to offer employment to Executive as a senior
executive officer of Fenix. 
  

	 	5.	Enforcement 

 (a) The parties agree that the violation by Executive of Executive’s
Covenant Not To Compete or Executive’s Confidentiality Obligation would result in immediate and irreparable harm to Fenix for which money damages alone would be both difficult to determine and inadequate to compensate Fenix for its injury.
Executive accordingly agrees that if Executive violates either of Executive’s Covenants, Fenix shall be entitled to seek a temporary restraining order, and a preliminary and permanent injunction to prevent Executive’s continued violation,
without the necessity of proving actual damages or posting any bond or other security. 
 (b) This right to injunctive relief shall be in
addition to any other remedies to which Fenix may be entitled. If Fenix prevails in its lawsuit against Executive, Executive shall pay Fenix’s reasonable attorneys’ fees and court costs in prosecuting its lawsuit. If Fenix does not prevail
in its lawsuit against Executive, Fenix shall pay Executive’s reasonable attorneys’ fees and court costs in defending against Fenix’s lawsuit. 
  

	 	6.	Severability 

 The invalidity, illegality or unenforceability of any term or provision
of this Agreement shall not affect the validity and enforceability of the other terms and provisions of this Agreement, and this Agreement shall be construed in all respects as if the invalid or unenforceable term or provision had been omitted. 

 

	 	7.	Counterparts 

 This Agreement may be signed in any number of counterparts (including by
facsimile or portable document format (pdf)), all of which together shall constitute one and the same instrument. 
  

	 	8.	Governing Law and Jurisdiction 

 This Agreement shall be governed by the laws of the
State of Illinois without regard to conflicts-of-law principles or rules that would require this Agreement to be governed by the laws of a different state. Each party consents to the enforcement of this Agreement in the United States District Court
for the Northern District of Illinois, or any state court having subject matter jurisdiction sitting in King County, Washington and consents to the personal jurisdiction of those courts. 

	 	9.	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. 
  

					
	Fenix Parts, Inc.
		
	By:	 	 /s/ Scott Pettit

		 	        Its:	 	 Chief Financial Officer

	
	 /s/ Kent Robertson

	                W. Kent Robertson

 (signature page to W. Kent Robertson noncompetition agreement) 

 Exhibit A 

Definitions 
 Competing
Business means a person, proprietorship, general or limited partnership, joint venture, limited liability company, corporation, trust or other entity, whether proprietary or not-for-profit in nature, that from or at any location anywhere within
the Restricted Area: 
 (a) is engaged in the business of purchasing and dismantling motor vehicles for the recycling
of motor vehicle parts, components or systems ; 
 (b) is engaged in the business of selling recycled motor vehicle parts,
components or systems, or 
 (c) provides any other services that Fenix provided at any time during the Look-Back
Period. 
 Confidential Information means any trade secrets of the Business (as “trade secrets” is defined under the
Illinois Trade Secrets Act) and any other confidential information of any kind as of the Closing Date relating to the Business, in any form or medium and regardless of who prepared the information. 

The term “Confidential Information” includes (but is not limited to): (i) customer information, including information relating
to customer identities, requirements, orders, proposals, prices, quantities and terms; (ii) financial information, including information relating to revenues, sales, costs, margins, borrowings, accounting methods and business prospects; and
(iii) operating information, including procedures, internal policies, manuals and reports, correspondence and communications to or from third parties; (iv) employee compensation and benefits and other information relating to employees; and
(v) information relating to business relationships not already covered by the preceding clauses (i), (ii) and (iii). 
 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 Executive in violation of this Agreement; or (ii) becomes available to
Executive on a non-confidential basis from a source that was not known to be bound by a confidentiality agreement or other contractual, legal or fiduciary obligation of confidentiality in respect of the information. 

Look-Back Period means the two-year period ending on date of termination of Executive’s employment with Fenix. 

Restricted Area means the United States of America. 

Restricted Period means the beginning on the Effective Date and ending on the third anniversary of the date of termination of
Executive’s employment with Fenix.

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