Document:

Exhibit 10.6

 

FINAL
FORM

 

STRIPES US HOLDING, INC.

 

2019 OMNIBUS INCENTIVE PLAN

 

	I. INTRODUCTION

 

		1.1	Purposes.
                                            The purposes of the Stripes US Holding, Inc. 2019 Omnibus Incentive Plan
                                            (this “Plan”) are (i) to align the interests of the Company’s
                                            stockholders and the recipients of awards under this Plan by increasing the proprietary interest
                                            of such recipients in the Company’s growth and success, (ii) to advance the interests
                                            of the Company by attracting and retaining officers and employees and non-employee members
                                            of the Board and (iii) to motivate such persons to act in the long-term best interests
                                            of the Company and its stockholders.

 

		1.2	Certain
                                            Definitions.

 

"Agreement”
shall mean the written or electronic agreement evidencing an award hereunder between the Company and the recipient of such award.

 

“Bankruptcy
Proceedings” shall mean the bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware with
respect to In re: Mattress Firm, Inc., et. al., Case No. 18-12241 (CSS).

 

“Board” shall mean
the Board of Directors of the Company.

 

“Cause”
shall mean the occurrence of any of the following: (i) a participant’s material act of dishonesty, willful misconduct or bad
faith in connection with his or her employment with the Company or its Subsidiaries; (ii) a participant’s conviction of a felony;
(iii) the failure of a participant to notify the Board of any material relationships between him and/or any member of his or her
immediate family with any person or entity with whom the Company or any of its Subsidiaries has a material business relationship; (iv) a
material violation of a participant’s obligations of confidentiality or non-competition as set forth in the Company’s employee handbook
or (v) a participant’s material breach of any agreement with the Company or its Subsidiaries (subject to any applicable notice and
cure periods), or a material violation of the code of conduct of the Company or its Subsidiaries.

 

“Code” shall mean
the Internal Revenue Code of 1986, as amended.

 

“Committee”
shall, except as otherwise set forth in Section 1.3 with respect to awards granted to non-employee members of the Board,
mean the Compensation Committee of the Board, or a subcommittee thereof, or such other committee designated by the Board consisting of
three or more members of the Board, one of whom shall be the SEAG Director (as defined in the Stockholders Agreement), provided
that if no such committee exists or has been appointed, then the full Board shall serve as the Committee.

 

“Common Stock”
shall mean the common stock, par value $0.01 per share, of the Company, and all rights appurtenant thereto.

 

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“Company” shall
mean Stripes US Holding, Inc., a corporation, organized under the laws of the State of Delaware, or any successor thereto.

 

“Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended.

 

“Fair Market
Value" shall mean (i) the closing transaction price of a share of Common Stock as reported on the principal national
stock exchange, if any, on which the Common Stock is traded on the date as of which such value is being determined or, if there
shall be no reported transactions for such date, on the next preceding date for which transactions were reported; and (ii) if
the Common Stock is not listed on a national stock exchange or if Fair Market Value for any date cannot be so determined, Fair
Market Value shall be determined by the Committee by whatever means or method as the Committee, in the good faith exercise of its
discretion, shall at such time deem appropriate and in compliance with Section 409A of the Code.

 

“Good
Reason” shall mean (i) a material diminution in the scope of a participant’s duties or authority
that is inconsistent with the participant's  position; (ii) a material reduction in a participant’s annual base
salary or material perquisites (including vacation allowance); provided that, for purposes of the foregoing a 20% change or
greater shall be deemed “material;” or (iii) the required relocation of a participant’s principal place of
employment more than 50 miles from its location as of the date on which an award is granted; provided that, a participant shall
not be deemed to have Good Reason unless (A) the participant has provided the Company with 30 days advance written notice of
his or her intention to terminate for Good Reason and the Company has failed to cure the event or condition in such 30 day period
and (B) the participant resigns no later than 90 days following the occurrence of the condition or event.

 

“Incentive Stock
Option” shall mean an option to purchase shares of Common Stock that meets the requirements of Section 422 of the Code,
or any successor provision, which is intended by the Committee to constitute an Incentive Stock Option (including by reason of the Committee
designating as such in an award).

 

“Nongualified
Stock Option” shall mean an option to purchase shares of Common Stock, which is not an Incentive Stock Option.

 

“Other Stock Award” shall mean
an award granted pursuant to Section 3.4 of this Plan.

 

“Performance Award”
shall mean a right to receive an amount of cash, Common Stock, or a combination of both, contingent upon the attainment of specified
Performance Measures within a specified Performance Period.

 

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“Performance
Measures” shall mean the criteria and objectives, established by the Committee, which shall be satisfied or met (i) as
a condition to the grant or exercisability of all or a portion of an option or SAR or (ii) during the applicable Restriction Period
or Performance Period as a condition to the vesting of the holder’s interest, in the case of a Restricted Stock Award, of the shares
of Common Stock subject to such award, or, in the case of a Restricted Stock Unit Award, Other Stock Award, Performance Award or Phantom
PIK Loan, to the holder’s receipt of the shares of Common Stock subject to such award or of the cash payment with respect to such
award. The Performance Measures may include one or more business criteria, and may relate to the Company, on a consolidated or individual
basis, and/or to specified subsidiaries, business or geographical units or operating areas of the Company. Each such goal may be determined
on a pre-tax or post-tax basis or on an absolute or relative basis, and may include comparisons based on current internal targets, the
past performance of the Company (including the performance of one or more Subsidiaries, divisions, or operating units) or the past or
current performance of other companies or market indices (or a combination of such past and current performance). Performance goals may
include comparisons relating to capital (including, but not limited to, the cost of capital), shareholders’ equity, shares outstanding,
assets or net assets, sales, or any combination thereof. In establishing a Performance Measure or determining the achievement of a Performance
Measure, the Committee may provide that achievement of the applicable Performance Measures may be amended or adjusted to include or exclude
one or more components of any Performance Measure, including, without limitation, foreign exchange gains and losses, asset write-downs,
acquisitions and divestitures, change in fiscal year, unbudgeted capital expenditures, special charges such as restructuring or impairment
charges, debt refinancing costs, extraordinary or noncash items, unusual, infrequently occurring, nonrecurring and/or one-time events
affecting the Company or its financial statements or changes in law or accounting principles. Performance Measures shall be subject to
such other special rules and conditions as the Committee may establish at any time.

"Performance Period”
shall mean any period designated by the Committee during which (i) the Performance Measures applicable to an award shall be
measured and (ii) the conditions to vesting applicable to an award shall remain in effect.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a
joint venture, an unincorporated organization, any other business entity, or a governmental entity.

 

“Phantom PIK
Loan” shall mean a cash incentive granted pursuant to Article V and intended to replicate the value of a PIK
Loan issued by the Company pursuant to the PIK Facility.

 

“Phantom PIK Loan Award” shall
mean an award of Phantom PIK Loans under the Plan.

 

“PIK Facility”
shall mean the PIK Facility Credit Agreement, dated November 21, 2018, among the Company, Delaware Trust Company, as Administrative
Agent, and the lenders that are party thereto, and including the PIK Loans issued thereunder.

 

“PIK Loan” shall mean the PIK Loans
issued under the PIK Facility.

 

“Plan of Reorganization” shall
mean the Plan of Reorganization approved pursuant to the Bankruptcy Proceedings.

 

“Public
Offering” means any sale of the common equity securities of the Company or any of its Subsidiaries ( or a successor
entity thereto) pursuant to an effective registration statement under the Securities Act, filed with the Securities and Exchange Commission;
provided that the following shall not be considered a Public Offering unless occurring concurrently with the sale of common equity
securities pursuant to an effective registration statement under the Securities Act, filed with the Securities and Exchange Commission:
(i) any issuance of common equity securities by the Company or any of its Subsidiaries in connection with a merger or acquisition,
or (ii) any issuance by the Company or any of its Subsidiaries of common equity securities (or rights or options to acquire common
equity securities) of the Company or any Subsidiary to employees of the Company or any of its Subsidiaries as part of an incentive or
compensation plan.

 

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“Restricted Stock”
shall mean shares of Common Stock that are subject to a Restriction Period and which may, in addition thereto, be subject to the
attainment of specified Performance Measures within a specified Performance Period.

 

“Restricted Stock
Award” shall mean an award of Restricted Stock under this Plan.

 

“Restricted
Stock Unit” shall mean a right to receive one share of Common Stock or, in lieu thereof and to the extent set forth
in the applicable Agreement, the Fair Market Value of such share of Common Stock in cash, which shall be contingent upon the expiration
of a specified Restriction Period and which may, in addition thereto, be contingent upon the attainment of specified Performance Measures
within a specified Performance Period.

 

“Restricted Stock
Unit Award” shall mean an award of Restricted Stock Units under this Plan.

 

“Restriction
Period” shall mean any period designated by the Committee during which (i) the Common Stock subject to a
Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except
as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted
Stock Unit Award, Other Stock Award or Phantom PIK Loan Award shall remain in effect.

 

“Sale
of the Company” means any transaction or series of transactions pursuant to which any Person or group of related Persons in the aggregate acquire(s), directly or indirectly, (i) equity securities of the Company and its Subsidiaries
possessing a majority of the voting power of all outstanding equity securities in the Company and its Subsidiaries (whether by
merger, consolidation, reorganization, combination, sale or transfer of the Company and its Subsidiaries’ equity securities)
or (ii) all or substantially all of the assets of the Company and its Subsidiaries determined on a consolidated basis, unless,
in each case, as otherwise determined by the Board; provided that a Public Offering shall not constitute a Sale of the
Company; and provided further that, an event shall not be considered a Sale of the Company unless such event is also a
 “change in ownership,” a “change in effective control” or a “change in the ownership of a substantial
portion of the assets” of the Company within the meaning of Section 409A of the Code.

 

“SAR” shall
mean an award that entitles the holder thereof to receive, upon exercise, shares of Common Stock (which may be Restricted Stock) or,
to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the excess of
the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number
of such SARs that are exercised.

 

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“Securities Act”
shall mean the Securities Act of 1933, as amended, and the regulations promulgated thereunder.

 

“Stock Award”
shall mean a Restricted Stock Award, Restricted Stock Unit Award or Other Stock Award.

 

“Stockholders
Agreement” shall mean the Stockholders Agreement of Stripes US Holding, Inc., dated as of November 21, 2018.

 

“Subsidiary”
shall mean any corporation, limited liability company, partnership, joint venture or similar entity in which the Company owns, directly
or indirectly, an equity interest possessing more than 50% of the combined voting power of the total outstanding equity interests of
such entity.

 

“Tax Date” shall have the meaning
set forth in Section 6.5.

 

“Ten Percent Holder” shall have
the meaning set forth in Section 2. l(a).

 

		1.3	Administration.

 

(a) Authority of
Committee. This Plan shall be administered by the Committee, except to the extent the Board elects to administer this Plan, in
which case references herein to the “Committee” shall be deemed to include references to the “Board.” Any
one or a combination of the following awards may be made under this Plan to eligible persons: (i) options to purchase shares of
Common Stock in the form of Incentive Stock Options or Nonqualified Stock Options; (ii) SARs; (iii) Stock Awards in the
form of Restricted Stock, Restricted Stock Units or Other Stock Awards; (iv) Performance Awards and (v) Phantom PIK Loan
Awards. The Committee shall, subject to the terms of this Plan, select eligible persons for participation in this Plan and determine
the form, amount and timing of each award to such persons and, if applicable, the number of shares of Common Stock subject to an
award, the number of SARs, the number of Restricted Stock Units, the dollar value subject to a Performance Award, the principal
amount of a Phantom PIK Loan, the purchase price or base price associated with the award, the time and conditions of exercise or
settlement of the award and all other terms and conditions of the award, including, without limitation, the form of the Agreement
evidencing the award. The Committee may, in its sole discretion and for any reason at any time, take action such that (i) any
or all outstanding options and SARs shall become exercisable in part or in full, (ii) all or a portion of the Restriction
Period applicable to any outstanding awards shall lapse, (iii) all or a portion of the Performance Period applicable to any
outstanding awards shall lapse and (iv) the Performance Measures (if any) applicable to any outstanding awards shall be deemed
to be satisfied at the target, maximum or any other level. The Committee shall, subject to the terms of this Plan, interpret this
Plan and the application thereof, establish rules and regulations it deems necessary or desirable for the administration of
this Plan and may impose, incidental to the grant of an award, conditions with respect to the award, such as limiting competitive
employment or other activities. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office, shall
conduct the general administration of the Plan with respect to awards granted to non-employee members of the Board, with the grant
of such awards to non-employee members of the Board subject to prior recommendation and approval by the Lender Stockholders acting
through the Representative (as defined in the Stockholders Agreement) and, with respect to such awards, the term
 “Committee” as used in the Plan shall be deemed to refer to the Board. A wards granted under the Plan to officers and
employees of the Company or its Subsidiaries shall be administered on terms and conditions that are no less favorable to such
officers and employees as the terms and conditions of the awards granted to non-employee members of the Board for purposes of Section 6.7,
Section 6.8 and Section 6.16 only.

 

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(b) Delegation.
The Committee may delegate some or all of its power and authority hereunder to the Board (or any members thereof) or, subject to
applicable law, to a subcommittee of the Board, a member of the Board, the Chief Executive Officer or other applicable employee of
the Company as the Committee deems appropriate; provided that, to the extent applicable, the Committee may not
delegate its power and authority to a member of the Board, the Chief Executive Officer or other applicable employee of the Company
with regard to (i) the selection for participation in this Plan of an officer, director or other person subject to
Section 16 of the Exchange Act or decisions concerning the timing, pricing or amount of an award to such an officer, director
or other person, (ii) with respect to grants or awards to non-employee members of the Board, or (iii) with respect to
grants of awards to any individual to whom such authority has been delegated. Further, notwithstanding any other provisions to the
contrary, the termination of any authority delegated pursuant to this Section l.3(b) shall not constitute Good
Reason.

 

(c) Indemnification.
To the extent permitted under applicable law, no member of the Board or Committee, and neither the Chief Executive Officer nor any other
applicable employee to whom the Committee delegates any of its power and authority hereunder, shall be liable for any act, omission,
interpretation, construction or determination made in connection with this Plan in good faith, and the members of the Board and the Committee
and the Chief Executive Officer or other applicable employee shall be entitled to indemnification and reimbursement by the Company in
respect of any claim, loss, damage or expense (including attorneys’ fees) arising therefrom to the full extent permitted by law (except
as otherwise may be provided in the Company’s certificate of incorporation and/or by- laws) and/or under any directors’ and officers’
liability insurance that may be in effect from time to time.

 

1.4       Eligibility. Participants in
this Plan shall consist of non-employee members of the Board and officers and employees of the Company and its Subsidiaries as the Committee,
and persons expected to become non-employee members of the Board or officers and employees of the Company and its Subsidiaries, as the
Committee, in its sole discretion, may select from time to time in consultation with the Chief Executive Officer of the Company. The
Committee’s selection of a person to participate in this Plan at any time shall not require the Committee to select such person to participate
in this Plan at any other time. Except as otherwise provided for in an Agreement, for purposes of this Plan, references to employment
by the Company shall also mean employment by an affiliate of the Company (and with respect to non-employee members of the Board, references
to employment shall mean non-employee service on the Board and references to termination of employment shall mean the time when a non-employee
member of the Board ceases to serve as a member of the Board). The Committee shall determine the extent to which a participant shall
be considered employed during an approved leave of absence.

 

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		1.5	Shares
                                            Available.

 

(a) Share
Reserve. Subject to adjustment as provided in Section 6.7 and to all other limits set forth in this Plan,
(i) 2,281.3 shares of Common Stock shall initially be available for all awards under this Plan to officers and employees of the
Company and its Subsidiaries (based on the capitalization of the Company as of the effectiveness of the Plan of Reorganization and
subject to adjustment pursuant to Section 6.7 in connection with any stock split thereafter), all of which may be issued
under this Plan in connection with Incentive Stock Options and (ii) 273.756 shares of Common Stock shall initially be available
for all awards under this Plan to non-employee members of the Board (based on the capitalization of the Company as of the
effectiveness of the Plan of Reorganization and subject to adjustment pursuant to Section 6.7 in connection with any
stock split thereafter), provided that until shares of Common Stock are issued under clause (ii), no more than 2,212.861
shares of Common Stock may be issued under clause (i), and thereafter such number shall be increased up to the number of shares of
Common Stock set forth in clause (i) on a pro rata basis as additional shares of Common Stock are issued under clause (ii).

 

(b) Recycling of
Shares. To the extent that shares of Common Stock subject to an outstanding option, SAR, Stock Award or Performance Award granted
under this Plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award shall
again be available under this Plan.

 

(c) Source of Shares.
Shares of Common Stock to be delivered under this Plan shall be made available from authorized and unissued shares of Common Stock, or
authorized and issued shares of Common Stock reacquired and held as treasury shares or otherwise or a combination thereof.

 

(d) Dilution of
Stockholders. Capitalized terms in this Section l.5(d) not otherwise defined in this Plan shall have the
meanings set out in the Stockholders Agreement. In accordance with the limitations set out in Section l .5(a). no shares
of Common Stock shall be issued to non-employee members of the Board if such issuance would dilute the SEAG Stockholder’s
proportion of shares held in the Company or the Common Stock reserved for grants to officers and employees under clause (i) of Section l.5(a).
Prior to the issuance of any shares under Section l.5(a)(ii), the Representative, the SEAG Stockholder and the Company
shall agree on an appropriate and reasonable anti-dilution mechanism to ensure that the Voting Power of the SEAG Stockholder is not
reduced as a result of any issuance under Section l .5(a)(ii).

 

		1.6	Limit on Phantom PIK Loan Awards.

 

(a) Limit
on Phantom PIK Loans. The aggregate initial principal value of the Phantom PIK Loans granted under the Plan, determined as of the
date of grant, shall not exceed  (i) with respect to officers and employees of the Company and its Subsidiaries, $16,891,892,
and  (ii) with respect to non-employee members of the Board, $2,027,027. The Phantom PIK Loans granted to non- employee members
of the Board shall reduce the amounts payable to the lenders pursuant to the terms of the PIK Facility.

 

(b) Forfeited
Phantom PIK Loans. To the extent that Phantom PIK Loan Awards are forfeited or terminated, such Phantom PIK Loans shall again be
available under this Plan.

 

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	II. STOCK OPTIONS AND STOCK APPRECIATION RIGHTS

 

2.1          Stock
Options. The Committee may, in its discretion, grant options to purchase shares of Common
Stock to such eligible persons as may be selected by the Committee. Each option, or portion thereof, that is not an Incentive Stock Option,
shall be a Nonqualified Stock Option. To the extent that the aggregate Fair Market Value (determined as of the date of grant) of shares
of Common Stock with respect to which options designated as Incentive Stock Options are exercisable for the first time by a participant
during any calendar year (under this Plan or any other plan of the Company, or any parent or Subsidiary) exceeds the amount (currently
$100,000) established by the Code, such options shall constitute Nonqualified Stock Options.

 

Options shall be subject to
the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of this Plan,
as the Committee shall deem advisable:

 

(a) Number of Shares
and Purchase Price. The number of shares of Common Stock subject to an option and the purchase price per share of Common Stock purchasable
upon exercise of the option shall be determined by the Committee; provided, however, that the purchase price per share of Common
Stock purchasable upon exercise of an option shall not be less than 100% of the Fair Market Value of a share of Common Stock on the date
of grant of such option; provided further, that if an Incentive Stock Option shall be granted to any person who, at
the time such option is granted, owns capital stock possessing more than 10 percent of the total combined voting power of all classes
of capital stock of the Company (or of any parent or Subsidiary) (a “Ten Percent Holder”), the purchase price per
share of Common Stock shall not be less than the price (currently 110% of Fair Market Value) required by the Code in order to constitute
an Incentive Stock Option.

 

(b) Option Period
and Exercisability. The period during which an option may be exercised shall be determined by the Committee; provided, however,
that no option shall be exercised later than ten years after its date of grant; provided further, that (i) if
an Incentive Stock Option shall be granted to a Ten Percent Holder, such option shall not be exercised later than five years after its
date of grant and (ii) such ten-year expiration date may be extended if the exercise of the option is prohibited by applicable law
for more than 90 days immediately preceding the expiration date, but only to the extent such extension complies with Section 409A
of the Code. The Committee may, in its discretion, establish Performance Measures that shall be satisfied or met as a condition to the
grant of an option or to the exercisability of all or a portion of an option. The Committee shall determine whether an option shall become
exercisable in cumulative or non-cumulative installments and in part or in full at any time. An exercisable option, or portion thereof,
may be exercised only with respect to whole shares of Common Stock.

 

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(c) Method of Exercise.
An option may be exercised (i) by giving written notice to the Company specifying the number of whole shares of Common Stock to
be purchased and accompanying such notice with payment therefor in full (or arrangement made for such payment to the Company’s
satisfaction) either (A) in cash, (B) by delivery (either actual delivery or by attestation procedures established by the Company)
of shares of Common Stock having a Fair Market Value, determined as of the date of exercise, equal to the aggregate purchase price payable
by reason of such exercise, (C) authorizing the Company to withhold whole shares of Common Stock that would otherwise be delivered
having an aggregate Fair Market Value, determined as of the date of exercise, equal to the amount necessary to satisfy such obligation,
(D) in
cash by a broker-dealer acceptable to the Company to whom the participant has submitted an irrevocable notice of exercise or (E) a
combination of (A), (B) and (C), in each case to the extent set forth in the Agreement relating to the option and (ii) by executing
such documents as the Company may reasonably request. Any fraction of a share of Common Stock that would be required to pay such purchase
price shall be disregarded and the remaining amount due shall be paid in cash by the participant. No shares of Common Stock shall be
issued and no certificate representing Common Stock shall be delivered until the full purchase price therefor and any withholding taxes
thereon, as described in Section 6.5, have been paid (or arrangement made for such payment to the Company’s satisfaction).

 

		2.2	Stock Appreciation
                                            Rights. The Committee may, in its discretion, grant SARs to such eligible persons
                                            as may be selected by the Committee.

 

SARs shall be subject to the
following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as
the Committee shall deem advisable:

 

(a) Number of SARs
and Base Price. The number of SARs subject to an award shall be determined by the Committee. The base price of an SAR shall be determined
by the Committee; provided, however, that such base price shall not be less than 100% of the Fair Market Value of a share
of Common Stock on the date of grant of such SAR.

 

(b)  Exercise
Period and Exercisability. The period for the exercise of an SAR shall be determined by the Committee; provided, however,
that no SAR shall be exercised later than ten years after its date of grant; provided, further, such ten-year expiration date
may be extended if the exercise of the SAR is prohibited by applicable law for more than 90 days immediately preceding the
expiration date, but only to the extent such extension complies with Section 409A of the Code. The Committee may, in its
discretion, establish Performance Measures that shall be satisfied or met as a condition to the grant of an SAR or to the
exercisability of all or a portion of an SAR. The Committee shall determine whether an SAR may be exercised in cumulative or
non-cumulative installments and in part or in full at any time. An exercisable SAR, or portion thereof, may be exercised only with
respect to whole shares of Common Stock. If an SAR is exercised for shares of Restricted Stock, a certificate or certificates
representing such Restricted Stock shall be issued in accordance with Section 3.2(c), or such shares shall be transferred to
the holder in book entry form with restrictions on the shares duly noted, and the holder of such Restricted Stock shall have such
rights of  a stockholder of the Company as determined pursuant to Section 3.2(d). Prior to the exercise of a
stock-settled SAR, the holder of such SAR shall have no rights as a stockholder of the Company with respect to the shares of Common
Stock subject to such
SAR.

 

(c) Method of Exercise.
An SAR may be exercised (A) by giving written notice to the Company specifying the whole number of SARs that are being exercised
and (B) by executing such documents as the Company may reasonably request. No shares of Common Stock shall be issued and no certificate
representing Common Stock shall be delivered until any withholding taxes thereon, as described in Section 6.5, have been
paid (or arrangement made for such payment to the Company’s satisfaction).

 

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2.3
          Termination of Employment or Service. All of the terms
relating to the exercise, cancellation or other disposition of an option or SAR (i) upon a termination of employment with or
service to the Company of the holder of such option or SAR, as the case may be, whether by reason of disability, retirement, death
or any other reason, or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth in
the applicable award Agreement.

 

2.4
           No Dividend Equivalents. Notwithstanding
anything  an Agreement to the contrary, the holder of an option or SAR shall not be entitled to receive dividend
equivalents with respect to the number of shares of Common Stock subject to such option or SAR.

 

	III. STOCK AWARDS

 

3.1
          Stock Awards. The Committee may, in its discretion, grant
Stock Awards to such eligible persons as may be selected by the Committee. The Agreement relating to a Stock Award shall
specify whether the Stock Award is a Restricted Stock Award, a Restricted Stock Unit Award or, in the case of an Other Stock Award,
the type of award being granted.

  

3.2           Terms
of Restricted Stock Awards. Restricted Stock Awards shall be subject to the following terms and conditions and shall contain
such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a)         Number
of Shares and Other Terms. The number of shares of Common Stock subject to a Restricted Stock Award and the Restriction Period, Performance
Period (if any) and Performance Measures (if any) applicable to a Restricted Stock Award shall be determined by the Committee.

 

(b)          Vesting and Forfeiture. The Agreement relating to a
Restricted Stock Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions of
this Plan, for the vesting of the shares of Common Stock subject to such award (i) if the holder of such award remains
continuously in the employment of the Company during the specified Restriction Period or (ii) if specified Performance Measures
(if any) are satisfied or met during a specified Performance Period, and for the forfeiture of the shares of Common Stock subject to
such award (x) if the holder of such award does not remain continuously in the employment of the Company during the specified
Restriction Period or (y) if specified Performance Measures (if any) are not satisfied or met during a specified Performance
Period.

 

(c)           Stock
Issuance. During the Restriction Period, the shares of Restricted Stock shall be held by a custodian in book entry form with restrictions
on such shares duly noted or, alternatively, a certificate or certificates representing a Restricted Stock Award shall be registered
in the holder’s name and may bear a legend, in addition to any legend that may be required pursuant to Section 6.6,
indicating that the ownership of the shares of Common Stock represented by such certificate is subject to the restrictions, terms and
conditions of this Plan and the Agreement relating to the Restricted Stock Award. All such certificates shall be deposited with the
Company, together with stock powers or other instruments of assignment (including a power of attorney), each endorsed in blank with a
guarantee of signature if deemed necessary or appropriate, which would permit transfer to the Company of all or a portion of the shares
of Common Stock subject to the Restricted Stock Award in the event such award is forfeited in whole or in part. Upon termination of
any applicable Restriction Period (and the satisfaction or attainment of applicable Performance Measures), subject to the Company’s
right to require payment of any taxes in accordance with Section 6.5, the restrictions shall be removed from the requisite
number of any shares of Common Stock that are held in book entry form, and all certificates evidencing ownership of the requisite number
of shares of Common Stock shall be delivered to the holder of such award.

 

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(d)            Rights
with Respect to Restricted Stock Awards. Unless otherwise set forth in the Agreement relating to a Restricted Stock Award, and subject
to the terms and conditions of a Restricted Stock Award, the holder of such award shall have all rights as a stockholder of the Company,
including, but not limited to, voting rights, the right to receive dividends and the right to participate in any capital adjustment applicable
to all holders of Common Stock; provided, however, that, unless otherwise set forth in an Agreement, (i) a distribution
or dividend with respect to shares of Common Stock, including a regular cash dividend, shall be deposited with the Company and shall
be subject to the same restrictions as the shares of Common Stock with respect to which such distribution was made.

 

3.3
           Terms of Restricted Stock Unit Awards. Restricted
Stock Unit Awards shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a)           Number of Shares aud Other Terms. The number of shares of Common Stock subject to a Restricted Stock Unit Award, including the
number of shares that are earned upon the attainment of any specified Performance Measures, and the Restriction Period, Performance Period
(if any) and Performance Measures (if any) applicable to a Restricted Stock Unit Award shall be determined by the Committee.

 

(b)
           Vesting and Forfeiture. The Agreement relating to a Restricted
Stock Unit Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions of this Plan,
for the vesting of such Restricted Stock Unit Award (i) if the holder of such award remains continuously in the employment of the
Company during the specified Restriction Period or (ii) if specified Performance Measures (if any) are satisfied or met during a
specified Performance Period, and for the forfeiture of the shares of Common Stock subject to such award (x) if the holder of such
award does not remain continuously in the employment of the Company during the specified Restriction Period or (y) if specified
Performance Measures (if any) are not satisfied or met during a specified Performance Period.

 

(c)
            Settlement of Vested Restricted Stock Unit
Awards. The Agreement relating to a Restricted Stock Unit Award shall specify (i) whether such award may be settled in
shares of Common Stock or cash or a combination thereof and (ii) whether the holder thereof shall be entitled to receive, on a
current or deferred basis, dividend equivalents, and, if determined by the Committee, interest on, or the deemed reinvestment of, any
deferred dividend equivalents, with respect to the number of shares of Common Stock subject to such award. Unless otherwise set
forth in an Agreement, any dividend equivalents with respect to Restricted Stock Units that are subject to vesting conditions shall
be subject to the same vesting conditions as the underlying awards. Prior to the settlement of a Restricted Stock Unit Award, the
holder of such award shall have no rights as a stockholder of the Company with respect to the shares of Common Stock subject to such
award.

 

    - 11 -

     

    

3.4          Other
Stock Awards. Subject to the limitations set forth in this Plan, the Committee is authorized
to grant other awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related
to, shares of Common Stock, including without limitation shares of Common Stock granted as a bonus and not subject to any vesting conditions,
dividend equivalents, deferred stock units, stock purchase rights and shares of Common Stock issued in lieu of obligations of the Company
to pay cash under any compensatory plan or arrangement, subject to such terms as shall be determined by the Committee. The Committee
shall determine the terms and conditions of such awards, which may include the right to elective deferral thereof, subject to such terms
and conditions as the Committee may specify in its discretion. Unless otherwise set forth in an Agreement, any distribution, dividend
or dividend equivalents with respect to Other Stock Awards that are subject to vesting conditions shall be subject to the same vesting
conditions as the underlying awards.

 

3.5          Termination
of Employment or Service. All of the terms relating to the satisfaction of Performance Measures and the termination of
the Restriction Period or Performance Period relating to a Stock Award, or any forfeiture and cancellation of such award (i) upon
a termination of employment with or service to the Company of the holder of such award, whether by reason of disability, retirement,
death or any other reason, or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth
in the applicable award Agreement.

 

IV. PERFORMANCE AWARDS

 

		4.1	Performance Awards.
                                            The Committee may, in its discretion, grant Performance Awards to such eligible persons as
                                            may be selected by the Committee.

 

4.2           Terms
of Performance Awards. Performance Awards shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem advisable.

 

(a)           Value
of Performance Awards and Performance Measures. The method of determining the value of the Performance Award and the Performance
Measures and Performance Period applicable to a Performance Award shall be determined by the Committee.

 

(b)           Vesting
and Forfeiture. The Agreement relating to a Performance Award shall provide, in the manner determined by the Committee, in its discretion,
and subject to the provisions of this Plan, for the vesting of such Performance Award if the specified Performance Measures are satisfied
or met during the specified Performance Period and for the forfeiture of such award if the specified Performance Measures are not satisfied
or met during the specified Performance Period.

 

    - 12 -

     

    

 

(c)
           Settlement of Vested Performance Awards. The Agreement
relating to a Performance Award shall specify whether such award may be settled in shares of Common Stock (including shares of
Restricted Stock) or cash or a combination thereof. If a Performance Award is settled in shares of Restricted Stock, such shares of
Restricted Stock shall be issued to the holder in book
entry form or a certificate or certificates representing such Restricted Stock shall be issued in accordance with Section 3.2(c)
and the holder of such Restricted Stock shall have such rights as a stockholder of the Company as determined pursuant to Section 3.2(d).
Unless otherwise set forth in an Agreement, any dividends or dividend equivalents with respect to a Performance Award shall be
subject to the same restrictions as such Performance Award. Prior to the settlement of a Performance Award in shares of Common
Stock, including Restricted Stock, the holder of such award shall have no rights as a stockholder of the Company.

 

4.3
          Termination of Employment or Service. All of the terms
relating to the satisfaction of Performance Measures and the termination of the Performance Period relating to a Performance Award,
or any forfeiture and cancellation of such award (i) upon a termination of employment with or service to the Company of the
holder of such award, whether by reason of disability, retirement, death or any other reason, or (ii) during a paid or unpaid
leave of absence, shall be determined by the Committee and set forth in the applicable award Agreement.

 

V. PHANTOM PIK LOAN AWARDS

 

5.1
           Phantom PIK Loans. The Committee may grant a
Phantom PIK Loan Award in tandem with a stock option, SAR, Stock Award or Performance Award and that provides a cash
incentive opportunity that is intended to replicate the amount payable under a PIK Loan issued pursuant to the terms of the PIK
Facility in a principal amount specified by the Committee in the applicable award Agreement and accruing interest, compounding
semi-annually, from the grant date or such other date determined by the Committee until the date of payment at a rate equal to 15%
per annum. The amount accrued under a Phantom PIK Loan shall be calculated in accordance with the terms of the PIK Facility, which
terms are incorporated herein, as though the Phantom PIK Loan constituted a PIK Loan issued thereunder; provided that such
amount shall be paid at the time specified in the applicable award Agreement, rather than at the time specified in the PIK
Facility.

 

		5.2	Terms of Phantom PIK Loan
                                            Awards.

 

(a)           Vesting
and Forfeiture. The Agreement relating to a Phantom PIK Loan Award shall provide, in the manner determined by the Committee, in its
discretion, and subject to the provisions of this Plan, for the vesting of such Phantom PIK Loan Award (i) if the holder of such
award remains continuously in the employment of the Company during the specified Restriction Period or (ii) if specified Performance
Measures (if any) are satisfied or met during a specified Performance Period, and for the forfeiture of such award (x) if the holder
of such award does not remain continuously in the employment of the Company during the specified Restriction Period or (y) if specified
Performance Measures (if any) are not satisfied or met during a specified Performance Period.

 

(b)           Settlement
of Vested Phantom PIK Loan Awards. The Agreement relating to a Phantom PIK Loan Award shall specify the time at which the Phantom
PIK Loan award shall be paid.

 

    - 13 -

     

    

 

5.3
          Termination of Employment or Service. All of the terms relating
to the satisfaction of Performance Measures and the termination of the Restriction Period or Performance Period relating to a Phantom
PIK Loan Award, or any forfeiture and cancellation of such award (i) upon a termination of employment with or service to the Company
of the holder of such award, whether by reason of disability, retirement, death or any other reason, or (ii) during a paid or unpaid
leave of absence, shall be determined by the Committee and set forth in the applicable award Agreement.

VI. GENERAL

 

	6.1	Effective Date and Term of Plan.

 

(a)            Effective
Date. This Plan shall be effective upon approval by the Board.

 

(b)
            Stockholder Approval. This Plan shall be
submitted to the stockholders of the Company for approval and, if approved by the affirmative vote of a majority of the shares of
Common Stock, the Committee may thereafter grant Incentive Stock Options under the Plan. In the event that this Plan is not
approved by the stockholders of the Company, the Plan shall remain in effect, but any Incentive Stock Options granted hereunder
shall be void and of no force or effect.

 

(c)            Timing
of Awards; Termination of Plan. Awards hereunder may be made at any time prior to the termination of this Plan, provided that
no Incentive Stock Option may be granted later than ten years after the date on which this Plan was approved by the Board. This Plan
shall terminate as of the tenth anniversary of its effective date, unless terminated earlier by the Board. Termination of this Plan shall
not affect the terms or conditions of any award granted prior to termination.

 

6.2         Amendments.
The Board may amend this Plan as it shall deem advisable; provided, however, that
(i) no amendment to this Plan shall be effective without the approval of the Company’s stockholders if stockholder approval
is required by applicable law, rule or regulation, and (ii) no amendment may adversely affect any outstanding award without
the consent of such holder.

 

6.3           Agreement.
  Each award under this Plan shall be evidenced by an Agreement setting forth the terms and conditions applicable to
such award. No award shall be valid until an Agreement is executed by the Company and, to the extent required by the Company, executed
or electronically accepted by the recipient of such award. Upon such execution or acceptance and delivery of the Agreement to the Company
within the time period specified by the Company, such award shall be effective as of the effective date set forth in the Agreement.

 

6.4           Non-
Transferability. No award shall be transferable other than by will, the laws of descent and distribution or pursuant to
beneficiary designation procedures approved by the Company or, to the extent expressly permitted in the Agreement relating to such
award, to the holder’s family members, a trust or entity established by the holder for estate planning purposes, a charitable
organization designated by the holder or pursuant to a domestic relations order, in each case, without consideration. Except to the
extent permitted by the foregoing sentence or the Agreement relating to an award, each award may be exercised or settled during the
holder’s lifetime only by the holder or the holder’s legal representative or similar person. Except as permitted by the
second preceding sentence, no award may be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of
(whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell,
transfer, assign, pledge, hypothecate, encumber or otherwise dispose of any award, such award and all rights thereunder shall
immediately become null and void.

 

    - 14 -

     

    

 

6.5           Tax
Withholding. The Company shall have the right to require, prior to the issuance or delivery of any shares of Common Stock
or the payment of any cash pursuant to an award made hereunder, payment by the holder of such award of any federal, state, local or other
taxes that may be required to be withheld or paid in connection with such award. An Agreement may provide that (i) the Company may withhold
whole shares of Common Stock that would otherwise be delivered to a holder, having an aggregate Fair Market Value determined as of the
date on which an obligation to withhold or pay taxes arises in connection with an award (the “Tax Date”), or withhold
an amount of cash, which would otherwise be payable to a holder, in the amount necessary to satisfy any such obligation or (ii) the holder
may satisfy any such obligation by any of the following means (or by other means that the Committee deems appropriate): (A) a cash payment
to the Company; (B) delivery (either actual delivery or by attestation procedures established by the Company) to the Company of previously
owned whole shares of Common Stock having an aggregate Fair Market Value, determined as of the Tax Date, equal to the amount necessary
to satisfy any such obligation; (C) authorizing the Company to withhold whole shares of Common Stock, which would otherwise be delivered
having an aggregate Fair Market Value, determined as of the Tax Date, or withhold an amount of cash, which would otherwise be payable
to a holder, in either case equal to the amount necessary to satisfy any such obligation; (D) in the case of the exercise of an option,
a cash payment by a broker-dealer acceptable to the Company to whom the participant has submitted an irrevocable notice of exercise or
(E) any combination of (A), (B) and (C), in each case to the extent set forth in the Agreement relating to the award or otherwise permitted
by the Committee. Shares of Common Stock to be delivered or withheld may not have an aggregate Fair Market Value in excess of the amount
determined by applying the maximum statutory withholding rate (or, if permitted by the Company, such other rate as will not cause adverse
accounting consequences under the accounting rules then in effect, and is permitted under applicable IRS withholding rules). Any fraction
of a share of Common Stock that would be required to satisfy such an obligation shall be disregarded and the remaining amount due shall
be paid in cash by the holder.

 

6.6           Restrictions
on Shares. Each award made hereunder shall be subject to the requirement that if at any time the Company determines that
the listing, registration or qualification of the shares of Common Stock subject to such award upon any securities exchange or under
any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition
of, or in connection with, the delivery of shares thereunder, such shares shall not be delivered unless such listing, registration, qualification,
consent, approval or other action shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company
may require that certificates evidencing shares of Common Stock delivered pursuant to any award made hereunder bear a legend indicating
that the sale, transfer or other disposition thereof by the holder is prohibited except in compliance with the Securities Act of 1933,
as amended, and the rules and regulations thereunder. The Committee may, as a condition to the grant of any award or the exercise of
any option under this Plan, require a participant to (i) represent in writing that the shares of Common Stock received in connection
with such award or option are being acquired for investment and not with a view to distribution and (ii) make such other representations
and warranties as are deemed appropriate by counsel to the Company.

 

    - 15 -

     

    

 

6.7
           Adjustment. In the event of any equity
restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation
Stock Compensation or any successor or replacement accounting standard) that causes the per share value of shares of Common Stock to
change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary cash dividend,
the number and class of securities available under this Plan, the terms of each outstanding option and SAR (including the number and
class of securities subject to each outstanding option or SAR and the purchase price or base price per share), the terms of each
outstanding Stock Award (including the number and class of securities subject thereto), the terms of each outstanding Performance
Award (including the number and class of securities subject thereto, if applicable, and any Performance Measures) shall be
appropriately adjusted by the Committee, such adjustments to be made in the case of outstanding options and SARs in accordance with
Section 409A of the Code. In the event of any other change in corporate capitalization, including a merger, consolidation,
reorganization, or partial or complete liquidation of the Company, such equitable adjustments described in the foregoing sentence
may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights of
participants. In either case, the decision of the Committee regarding any such adjustment shall be final, binding and
conclusive.

 

		6.8	Changes in Common Stock or Assets
                                            of the Company and Other Corporate Events.

 

(a)           Vesting
of Awards. In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution
(other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of the Company’s
stock or the share price of the Company’s stock (each, a “Corporate Event”), the Committee may, in its sole
discretion, and on such terms and subject to such conditions as it deems appropriate, provide that: (i) all outstanding options
and SARs shall immediately become exercisable in full, (ii) the Restriction Period applicable to all outstanding awards shall immediately
lapse in full and (iii) the Performance Period applicable to all outstanding awards shall immediately lapse in full. Additionally,
the Committee, in its sole discretion, shall be entitled to take any action similar to the foregoing to accelerate the vesting of any
award under this Plan at any time prior to a Corporate Event.

 

(b)           Surrender
and Cancellation. In the event any of Corporate Event, the Committee may, in its sole discretion, and on such terms and subject
to such conditions as it deems appropriate, cause outstanding awards, in whole or in part, to be surrendered to the Company by the
holder, and/or to be immediately cancelled by the Company (e.g., any underwater options or SARs may be cancelled without payment),
and to provide for the holder to receive a cash payment in an amount, if any, equal to (A) in the case of an option or an SAR,
the aggregate number of shares of Common Stock then subject to the portion of such option or SAR surrendered, whether or not vested
or exercisable, multiplied by the excess, if any, of the Fair Market Value of a share of Common Stock as of the date of the
Corporate Event, over the purchase price or base price per share of Common Stock subject to such option or SAR, (B) in the case
of a Stock Award or a Performance Award denominated in shares of Common Stock, the
number of shares of Common Stock then subject to the portion of such award surrendered to the extent the Performance Measures
applicable to such award have been satisfied, whether or not vested, multiplied by the Fair Market Value of a share of Common Stock
as of the date of the Corporate Event, and (C) in the case of a Performance Award denominated in cash or a Phantom PIK Loan
Award, the value of the portion of such award surrendered; provided that the cash payment with respect to an outstanding
award that is subject to Section 409A of the Code shall be accelerated only to the extent permitted under Section 409A of
the Code.

 

    - 16 -

     

    

 

6.9          Deferrals.
The Committee may determine that the delivery of shares of Common Stock or the payment of cash,
or a combination thereof, upon the settlement of all or a portion of any award made hereunder shall be deferred, or the Committee may,
in its sole discretion, approve deferral elections made by holders of awards. Deferrals shall be for such periods and upon such terms
as the Committee may determine in its sole discretion, subject to the requirements of Section 409A of the Code.

 

6.10        No
Right of Participation, Employment or Service. Unless otherwise set forth in an employment agreement, no person shall
have any right to participate in this Plan. Neither this Plan nor any award made hereunder shall confer upon any person any right to
continued employment by or service with the Company, any Subsidiary or any affiliate of the Company or affect in any manner the
right of the Company, any Subsidiary or any affiliate of the Company to terminate the employment or service of any person at any
time without liability hereunder. The grant of an award hereunder shall not confer upon the holder the right to receive any future
or other awards under the Plan, whether or not awards may be granted to similarly situated holders, or the right to receive future
awards upon the same terms or conditions as previously granted.

 

6.11
        Rights as Stockholder. No person shall have any right as a stockholder
of the Company with respect to any shares of Common Stock or other equity security of the Company, which is subject to an award
hereunder unless and until such person becomes a stockholder of record with respect to such shares of Common Stock or equity
security.

 

6.12        Designation
of Beneficiary. To the extent permitted by the Company, a holder of an award may file with the Company a written designation
of one or more persons as such holder’s beneficiary or beneficiaries (both primary and contingent) in the event of the holder’s
death or incapacity. To the extent an outstanding option or SAR granted hereunder is exercisable, such beneficiary or beneficiaries shall
be entitled to exercise such option or SAR pursuant to procedures prescribed by the Company. Each beneficiary designation shall become
effective only when filed in writing with the Company during the holder’s lifetime on a form prescribed by the Company. The spouse
of a married holder domiciled in a community property jurisdiction shall join in any designation of a beneficiary other than such spouse.
The filing with the Company of a new beneficiary designation shall cancel all previously filed beneficiary designations. If a holder
fails to designate a beneficiary, or if all designated beneficiaries of a holder predecease the holder, then each outstanding award held
by such holder, to the extent vested or exercisable, shall be payable to or may be exercised by such holder’s executor, administrator,
legal representative or similar person.

 

    - 17 -

     

    

 

6.13        Awards
Subject to Clawback. The awards granted under this Plan and any cash payment or shares of Common Stock delivered pursuant to
such an award are subject to forfeiture, recovery by the Company or other action pursuant to the applicable award Agreement or any clawback
or recoupment policy that the Company may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and
implementing rules and regulations thereunder, or as otherwise required by law.

 

6.14
        Governing Law/Venue. This Plan, each award hereunder and the
related Agreement, and all determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the Code
or the laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith
without giving effect to principles of conflicts of laws. Unless otherwise provided in the applicable award Agreement, the recipient
of an award under the Plan is deemed to submit to the sole and exclusive jurisdiction and venue of the federal or state courts of
Harris County in the State of Texas to resolve any and all issues that may arise out of or relate to the Plan or any related award
Agreement.

 

6.15
         Foreign Employees. Without amending this Plan, the Committee may
grant awards to eligible persons who are foreign nationals and/or reside outside of the United States on such terms and conditions
different from those specified in this Plan as may in the judgment of the Connnittee be necessary or desirable and to foster promote
achievement of the purposes of this Plan and, in furtherance of such purposes the Committee may make such modifications, amendments,
procedures, subplans and the like as may be necessary or advisable to comply with provisions of laws in other countries or
jurisdictions in which the Company or its Subsidiaries operates or has employees.

 

6.16
         Management Stockholders’ Agreement. In
connection with the grant, vesting and/or exercise of any award under this Plan, the Committee may require a participant to execute
and become a party to a customary management stockholders’ agreement as a condition of such grant, vesting and/or exercise. Such
management stockholders’ agreement may contain restrictions on the transferability of shares of Common Stock acquired under this
Plan (such as a right of first refusal or a prohibition on transfer) and such shares may be subject to customary call rights upon
termination of employment, as well as drag-along and tag-along rights and piggyback registration rights substantially similar to
those contained in the Stockholders Agreement, such agreement to be in a form reasonably acceptable to the Committee in consultation
with the Chief Executive Officer of the Company.

 

6.17         Severability
and Reformation. If any provision of this Plan or any award is, becomes or is deemed to be invalid, illegal or unenforceable
in any jurisdiction or as to any person or award, or would disqualify this Plan or any award under any law deemed applicable by the
Committee, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or
deemed amended without, in the determination of the Committee, materially altering the intent of this Plan or the award, such
provision shall be stricken as to such jurisdiction, person or award and the remainder of this Plan and any such award shall remain
in full force and effect.

 

    - 18 -

     

    

 

6.18         Unfunded
Status of Awards; No Trust of Fund Created. This Plan is intended to constitute an “unfunded” plan for certain incentive
awards. Neither this Plan nor any award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company or any affiliate and a participant or any other person. To the extent that any person acquires a right to receive
payments from the Company or any affiliate pursuant to an award, such right shall be no greater than the right of any general unsecured
creditors of the Company or such affiliate.

 

6.19         Inability
to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder,
shall relieve the Company of any liability in respect of the failure to issue or sell such shares of Common Stock as to which such requisite
authority shall not have been obtained.

 

6.20
         Plan Headings/Interpretation. The headings in this Plan are
for purposes of convenience only and are not intended to define or limit the construction of the provisions hereof. The term “including”
means “including without limitation”. The term “or” means “and/or” unless clearly indicated otherwise.
Reference herein to a “Section” shall be to a section of the Plan unless indicated otherwise. If the context requires, words
of one gender when used in the Plan or an award Agreement shall include the other and words used in the singular or plural shall include
the other.

 

6.21
        Successors and Assignee. This Plan shall be binding on all successors
and assigns of the Company and any participant in this Plan, including without limitation, the estate of such participant and the executor,
administrator or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors.

 

    - 19 -

     

    

 

FIRST AMENDMENT TO

STRIPES US HOLDING, INC.

 

2019 OMNIBUS INCENTIVE PLAN

 

This First
Amendment, made effective as of September 18, 2019, amends that certain Stripes US Holding, Inc. 2019 Omnibus Incentive
Plan dated July 8, 2019 (the “Plan”), as follows:

 

1.    Section l.5(a)(ii) of
the Plan is hereby amended to replace the number “273.756” with the number “307.536”.

 

Except as modified as set forth
in this Amendment, all of the terms and provisions of the Plan remain unchanged and in full force and effect.

 

     

     

    

 

SECOND AMENDMENT TO 

STRIPES US HOLDING, INC.

2019 OMNIBUS INCENTIVE PLAN

 

This Second Amendment,
made effective as of October 26, 2020, amends that certain Stripes US Holding, Inc. 2019 Omnibus Incentive Plan dated July 8,
2019 (the “Plan”), as follows:

 

1.   Section 1.5(a)(ii) of
                                            the Plan is hereby amended to replace the number “307.536” with the number “318.796”.

 

Except as modified as set
forth in this Amendment, all of the terms and provisions of the Plan remain unchanged and in full force and effect.Exhibit 10.7

 

FINAL FORM

 

Stripes
us holding, inc.

2019
omnibus incentive plan

 

Restricted Stock Unit Award and Phantom PIK Award Notice

 

[Name of Holder]

 

Stripes US Holding, Inc., a Delaware
corporation (the “Company”), has granted to you a Restricted Stock Unit Award and Phantom PIK Award pursuant to
the terms and conditions of the Stripes US Holding, Inc. 2019 Omnibus Incentive Plan (the “Plan”) and the
Restricted Stock Unit and Phantom PIK Award Agreement, attached hereto (the “Agreement”). Capitalized terms not
defined herein shall have the meanings specified in the Plan or the Agreement, as applicable. The grant of the Award hereunder is
discretionary, and this grant is not a promise or commitment to grant additional Awards at any later date.

 

	Grant Date:	[●], 2019
	 	 
	Restricted Stock Units:	You have been awarded [●] Restricted Stock Units, subject to adjustment as provided in the Plan, the Agreement and this Notice. Each Restricted Stock Unit that becomes vested shall entitle you to one share of Common Stock, or, in lieu thereof, payment equal to the Fair Market Value of such share of Common Stock in cash, in either case, which shall be issued or paid to you at the time specified in this Notice and the Agreement.
	 	 
	Phantom PIK Award:	In addition to the Restricted Stock Units, the Company has also granted to you a cash incentive opportunity under the Plan that is intended to replicate the amount that would be payable under a PIK Loan issued pursuant to the terms of the PIK Facility in the principal amount of $[●], premiums, if any, and accruing deemed interest (including any make-whole interest), compounding semi-annually, from November 21, 2018 (the effective date of the Plan of Reorganization) until the date of payment at a rate equal to 15% per annum (the “Phantom PIK Award”). The amount accrued under the Phantom PIK Award shall be calculated in accordance with the terms of the PIK Facility, which terms are incorporated herein, as though the Phantom PIK Award constituted a PIK Loan issued thereunder; provided that such amount (both principal, premiums, if any, and deemed interest (including any make-whole interest)) shall be paid at the time specified in the Agreement, rather than at the time specified in the PIK Facility.

 

    - 1 -

     

    

 

Vesting of Award:

 

		(a)	Time-Based Vesting Condition. Fifty percent (50%) of the Restricted Stock Units granted to you
hereunder (the “Time Vesting Units”) and the Phantom PIK Award shall become vested in the following percentages and
on the following dates, subject to your continued employment or other service with the Company or its Subsidiaries through the applicable
date:

 

	 	 	Cumulative Percentage of Time Vesting	 
	Vesting Date	 	Units/Phantom PIK Award Vested	 
	November 21, 2019	 	 	25	%
	November 21, 2020	 	 	50	%
	November 21, 2021	 	 	75	%
	November 21, 2022	 	 	100	%

 

There will be no proportionate or partial
vesting of the Time Vesting Units or the Phantom PIK Award prior to such vesting date and all vesting of the Time Vesting Units and the
Phantom PIK Award will occur only on the applicable vesting dates stated above, subject to your continued employment or other service
with the Company or its Subsidiaries through such vesting date, except as otherwise provided herein or as may be approved by the Committee.

 

		(b)	Performance Vesting Units. Fifty percent (50%) of the Restricted Stock Units granted to you hereunder
(the “Performance Vesting Units”) shall be subject to performance vesting and shall become vested in the following
percentages based on the corresponding Company “Enterprise Value” (as set forth in the following schedule) at the time of
an “Exit Event” (each, as defined below), subject to your continued employment or other service with the Company or its Subsidiaries
through the effective date of the applicable Exit Event:

 

	Enterprise Value	 	 	Less Than
 $900,000,000	 	 		$900,000,000	 	 		$1,200,000,000	 	 		$1,500,000,000	 
	Cumulative Percentage of Performance Vesting Units Vested	 	 	0	%	 	 	50	%	 	 	75	%	 	 	100	%

 

To the extent that the applicable
Enterprise Value achieved in connection with the applicable Exit Event is between $900,000,000 and $1,500,000,000, the percentage of
Performance Vesting Units that will become vested will be calculated using straight-line interpolation.

 

    - 2 -

     

    

 

For purposes of this Restricted Stock
Unit Award and the Phantom PIK Award, the following terms have the meanings set forth below:

 

“Enterprise Value”
means, as of any applicable date, without duplication, the aggregate Fair Market Value of all equity securities of the Company, plus all
outstanding bank debt and other indebtedness of the Company and its Subsidiaries on a consolidated basis, less any cash or cash equivalents
of the Company and its Subsidiaries. In addition, to the extent that, following the Grant Date and prior to the applicable Exit Event,
the Company pays an extraordinary dividend to the shareholders of the Company or makes another distribution of cash or property to the
shareholders of the Company without consideration, the value of which dividend or distribution would not otherwise be included in the
calculation of Enterprise Value upon the subsequent occurrence of an Exit Event, the value of such extraordinary dividend or other distribution
shall be counted toward the Fair Market Value of the equity securities for purposes of calculating Enterprise Value hereunder and determining
the vesting of the Performance Vesting Units upon such Exit Event, provided that in no event shall the operation of this sentence result
in any double counting or duplication of benefits.

 

“Exit Event” means
the first to occur of the consummation of a Sale of the Company and an initial Public Offering.

 

		(c)	Sale of the Company; Board Discretion to Accelerate Vesting.
Upon the consummation of a Sale of the Company, all of the unvested Time Vesting Units and the Phantom PIK Award shall immediately vest
if you are then employed by or providing services to the Company or its Subsidiaries. In addition, the Board may, in its sole discretion,
vest any and/or all of the unvested Restricted Stock Units and the Phantom PIK Award hereunder at such time or such other time or times
and on such other conditions as the Board determines.

 

		(d)	Qualifying Termination of Employment. If your employment with the Company terminates prior to the
date that all of the Time Vesting Units and Phantom PIK Award become vested due to a termination of employment due to your death or due
to disability (within the meaning of the Company’s long-term disability plan), then in any such case, the Time Vesting Units and
Phantom PIK Award shall immediately vest.

 

		(e)	Forfeitures. Except as provided in paragraph (d) above, all vesting of the Restricted
    Stock Units and Phantom PIK Award will cease immediately upon termination of your service with the Company and its Subsidiaries for
    any reason, and the unvested Restricted Stock Units and Phantom PIK Award will be automatically forfeited and cancelled for no value
    upon any such termination without any consideration being paid therefor and otherwise without any further action of the Company
    whatsoever; provided further that, if your employment with the Company or one of its Subsidiaries is terminated
    for Cause, then the vested portion of the Restricted Stock Units and Phantom PIK Award shall also be immediately forfeited by you
    and cancelled by the Company upon the effective date of such termination without any consideration being paid therefor and otherwise
    without any further action of the Company whatsoever.

 

    - 3 -

     

    

 

Settlement of Restricted Stock Units

 

Vested Restricted Stock Units will entitle
you to the issuance or delivery by the Company of an equivalent number of vested shares of Common Stock, or, in lieu thereof, payment
of the Fair Market Value of such shares of Common Stock in cash, in either case, following the applicable Exit Event, provided that such
event occurs on or prior to November 21, 2025 (the “RSU Settlement Condition”). The delivery of shares or payment
in lieu thereof shall be completed no more than 30 days after the date on which the RSU Settlement Condition is satisfied. To the extent
that the RSU Settlement Condition does not occur on or prior to November 21, 2025, all Restricted Stock Units, vested and unvested
alike, will be automatically forfeited and cancelled for no value without any consideration being paid therefor and otherwise without
any further action of the Company whatsoever. For the avoidance of doubt, settlement of the vested Restricted Stock Units within 30 days
following the occurrence of the RSU Settlement Condition is not subject to your continued employment beyond the date that the RSU Settlement
Condition is satisfied, and does not apply to the Phantom PIK Award.

 

Settlement of the Phantom PIK Award

 

Upon the earlier to occur of (i) November 21,
2023 and (ii) a Sale of the Company (the “PIK Award Settlement Condition”), you will be entitled to a cash payment
equal to the amount accrued with respect to the vested portion of your Phantom PIK Award, provided that the PIK Facility is fully paid
at such time or upon a prior acceleration. Payment of such amount shall be made no more than 30 days after the occurrence of the PIK Award
Settlement Condition For the avoidance of doubt, if the PIK Facility is paid to the holders thereof excluding the holders of any Phantom
PIK Awards on a date that is prior to November 21, 2023 and not in connection with a concurrent Sale of the Company, all amounts
due to the holders of Phantom PIK Awards (including any premiums and make whole interest) shall accrue and be held by the Company in trust
for such holders until the PIK Award Settlement Condition is met.

 

    - 4 -

     

    

 

Restricted Stock Unit Bonus Pool

 

In the event that, immediately
prior to the date of an Exit Event, the aggregate number of shares of Common Stock available for awards under the Plan specified in
Section 1.5(a) of the Plan (but not exceeding 10% of the Common Stock on a fully-diluted basis as of November 21,
2018) exceeds the aggregate number of shares of Common Stock subject to awards that have been granted to employees of the Company
under the Plan (such excess, the “Remaining Shares”), to the extent that you remain in the continued employment
of the Company or its Subsidiaries as of the day immediately prior to such Exit Event, you will receive, as of the day immediately
prior to such Exit Event, an additional number of Restricted Stock Units on the same vesting and other terms and conditions
otherwise applicable hereunder (the “Bonus Units”) in an amount equal to the product of (i) (A) 50% of
the Remaining Shares in the event that the Enterprise Value at the time of the Exit Event is at least $1,500,000,000 or
(B) 100% of the Remaining Shares in the event that the Enterprise Value at the time of the Exit Event is at least
$1,800,000,000, multiplied by (ii) a fraction, (x) the numerator of which is the total number of Restricted Stock Units
granted to you hereunder (not including any Bonus Units), and (y) the denominator of which is the total number of shares of
Common Stock subject to all awards granted to employees of the Company under the Plan and remaining outstanding as of the day
immediately prior to such Exit Event. To the extent that the applicable Enterprise Value achieved exceeds $1,500,000,000 but is less
than $1,800,000,000, the applicable percentage in clause (i) above will be adjusted between 50% and 100% using straight-line
interpolation (rounded down to the nearest whole percentage).

 

Phantom PIK Award Bonus Pool

 

In the event that, immediately prior
to the date of an Exit Event, the outstanding aggregate principal balance of all Phantom PIK Awards granted to employees of the Company
under the Plan is less than $16,891,892 (the positive difference, if any, between $16,891,892 and such outstanding aggregate principal
balance to be referred to below as the “Maximum PIK Bonus Pool”), to the extent that you remain in the continued employment
of the Company or its Subsidiaries as of the day immediately prior to such Exit Event, you will receive, as of the day immediately prior
to such Exit Event, an additional Phantom PIK Award with a principal amount determined in accordance with the following sentence on the
same vesting and other terms and conditions otherwise applicable hereunder (the “Bonus PIK Award”). The principal amount
of the Bonus PIK Award will be an amount equal to the product of (i) (A) 50% of the Maximum PIK Bonus Pool in the event that
the Enterprise Value at the time of the Exit Event is at least $1,500,000,000 or (B) 100% of the Maximum PIK Bonus Pool in the event
that the Enterprise Value at the time of the Exit Event is at least $1,800,000,000, multiplied by (ii) a fraction, (x) the numerator
of which is the principal amount of the Phantom PIK Award granted to you hereunder, and (y) the denominator of which is the outstanding
aggregate principal balance of all Phantom PIK Awards granted to employees of the Company under the Plan and remaining outstanding as
of the day immediately prior to such Exit Event. To the extent that the applicable Enterprise Value achieved exceeds $1,500,000,000 but
is less than $1,800,000,000, the applicable percentage in clause (i) above will be adjusted between 50% and 100% using straight-line
interpolation (rounded down to the nearest whole percentage).

 

		Stripes US Holding, Inc.
	 	 
	 	By:	                 
	 	Name:	 
	 	Title:	 

 

    - 5 -

     

    

 

Acknowledgment, Acceptance and Agreement:

 

By accepting this grant, I hereby acknowledge
receipt of the Agreement and the Plan, accept the award granted to me and agree to be bound by the terms and conditions of this Restricted
Stock Unit Award and Phantom PIK Award Notice, the Agreement and the Plan.

 

	 	 
	Holder’s Signature	
	 	 
	 	 
	Date	 

 

    - 6 -

     

    

 

FINAL FORM

 

Stripes
us holding, inc.

2019
omnibus incentive plan

 

RESTRICTED
STOCK UNIT AWARD AND PHANTOM PIK AWARD AGREEMENT

 

Stripes US Holding, Inc.,
a Delaware corporation (the “Company”), hereby grants to the individual (the “Holder”) named in
the Restricted Stock Unit Award and Phantom PIK Award Notice to which this Award Agreement is attached (the “Award Notice”)
as of the grant date set forth in the Award Notice (the “Grant Date”), pursuant to the provisions of the Stripes US
Holding, Inc. 2019 Omnibus Incentive Plan (the “Plan”), an award (the “Award”) with respect
to (i) the number of Restricted Stock Units as defined in and set forth in the Award Notice and (ii) a Phantom PIK Award in
the principal amount set forth in the Award Notice, in each case upon and subject to the restrictions, terms and conditions set forth
in the Award Notice, the Plan and this agreement (this “Agreement”). Capitalized terms not defined herein shall have
the meanings specified in the Plan or the Award Notice, as applicable.

 

1.        Award Subject to Acceptance of Agreement. The Award shall be null and void unless the
Holder accepts this Agreement by executing the Award Notice on or before [●], 2019.

 

2.         Award
Rights.

 

2.1.      Rights as a Stockholder.
Except as provided in Section 2.2 hereof, the Holder shall not be entitled to any privileges of ownership with respect to
the shares of Common Stock subject to the Award unless and until, and only to the extent, such shares become vested pursuant to Section 3
hereof and the Holder becomes a stockholder of record with respect to such shares.

 

2.2.      Dividend
Equivalents. As of each date on which the Company pays a cash dividend to record owners of shares of Common Stock (a
 “Dividend Date”), the number of Restricted Stock Units subject to the Award shall increase by (i) the
product of the total number of Restricted Stock Units subject to the Award that remain unsettled immediately prior to such Dividend
Date multiplied by the dollar amount of the per share cash dividend paid by the Company on such Dividend Date, divided by
(ii) the Fair Market Value of a share of Common Stock on such Dividend Date. Any such additional Restricted Stock Units shall
be subject to the same vesting and settlement conditions and payment terms set forth herein as the Restricted Stock Units to which
they relate.

 

3.         Restriction
Period and Vesting.

 

3.1.      Vesting Conditions.
The Restricted Stock Units and the Phantom PIK Award shall vest in accordance with the vesting conditions set forth in the Award Notice,
and will be subject to the forfeiture and settlement provisions set forth in the Award Notice. The period of time prior to such vesting
shall be referred to herein as the “Restriction Period.”

 

    - 1 -

     

    

 

3.2.     Sale of the Company.
In the event of a Sale of the Company prior to the end of the Restriction Period, all of the unvested Time Vesting Units and Phantom
PIK Award shall immediately vest provided that the Holder is then employed by or providing services to the Company or its Subsidiaries.
In addition, the Committee, in its sole discretion, shall be entitled to take any action to accelerate the vesting of the Restricted
Stock Units and the Phantom PIK Award at any time or from time to time.

 

3.3.     Breach of Restrictive
Covenants. Reference is made to that certain Employment, Confidentiality and Non-Competition Agreement, dated [●], by and between
the Holder and Mattress Firm, Inc., a subsidiary of the Company, attached hereto as Exhibit A, the provisions of which
are hereby incorporated herein by reference (the “Restrictive Covenants Agreement”). If the Holder materially breaches
the provisions of Restrictive Covenants Agreement and does not cure such breach within 30 days after the Company provides written notice
of such breach to the Holder, then all Restricted Stock Units, vested and unvested alike, and the Phantom PIK Award shall be forfeited;
provided that, to the extent that the Holder is still employed or providing services to the Company at the time of such uncured breach,
such forfeiture shall only apply if the Company also exercises its discretion to terminate the employment of the Holder as a result of
such uncured breach for Cause.

 

4.       Settlement
of Award.

 

4.1.     Restricted Stock Units.
Within 30 days after the RSU Settlement Condition is satisfied, the Company shall issue or deliver, subject to the conditions of the
Plan, this Agreement and the Award Notice, the vested shares of Common Stock to the Holder or, in lieu thereof, pay the Holder the Fair
Market Value of such shares of Common Stock in cash. Such issuance or delivery of the vested shares of Common Stock shall be evidenced
by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company. The Company shall pay all
original issue or transfer taxes and all fees and expenses incident to such issuance or delivery, except as otherwise provided in Section 6.
Prior to the issuance to the Holder of the shares of Common Stock subject to the Award, or payment in lieu thereof, the Holder shall
have no direct or secured claim in any specific assets of the Company or in such shares of Common Stock, and will have the status of
a general unsecured creditor of the Company.

 

4.2.     Phantom PIK Award.
To the extent that the PIK Award Settlement Condition is achieved, and to the extent that the Phantom PIK Award has become vested, the
Company shall make a cash payment to the Holder equal to the amount accrued with respect to such vested Phantom PIK Award within 30 days
following the date of satisfaction of the PIK Award Settlement Condition.

 

5.       Transfer
Restrictions and Investment Representation.

 

5.1.     Nontransferability of
Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution. Except to the extent
permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise
disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to
so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall
immediately become null and void.

 

    - 2 -

     

    

 

5.2.     Investment Representation.
The Holder hereby covenants that (a) any sale of any share of Common Stock acquired upon the vesting of the Award shall be made
either pursuant to an effective registration statement under the Securities Act, and any applicable state securities laws, or pursuant
to an exemption from registration under the Securities Act and such state securities laws and (b) the Holder shall comply with all
regulations and requirements of any regulatory authority having control of or supervision over the issuance of the shares and, in connection
therewith, shall execute any documents which the Committee shall in its sole discretion deem necessary or advisable.

 

6.       Additional
Terms and Conditions of Award.

 

6.1.    Withholding Taxes.
As a condition precedent to the issuance or delivery of shares of Common Stock or the payment of cash under this Award, the Company or
an affiliate shall deduct any such amount as the Company or an affiliate may be required, under all applicable federal, state, local,
foreign or other laws or regulations, to withhold and pay over as income or other withholding taxes (the “Required Tax Payments”)
from any amount then or thereafter payable by the Company or an affiliate to the Holder, which may include the withholding of whole shares
of Common Stock which would otherwise be delivered to the Holder having an aggregate Fair Market Value, determined as of the date on
which such withholding obligation arises, equal to the Required Tax Payments, in either case in accordance with such terms, conditions
and procedures that may be prescribed by the Company. Shares of Common Stock withheld may not have a Fair Market Value in excess of the
amount determined by applying the maximum individual statutory tax rate in the Holder’s jurisdiction; provided that the Company
shall be permitted to limit the number of shares so withheld to a lesser number if necessary, in the judgment of the Committee, to avoid
adverse accounting consequences or for administrative convenience; provided, however, that if a fraction of a share of
Common Stock would be required to satisfy the maximum individual statutory rate in the Holder’s jurisdiction, then the number of
shares of Common Stock to be withheld may be rounded up to the next nearest whole share of Common Stock.

 

6.2.     Compliance
with Applicable Law. The Award is subject to the condition that if the listing, registration or qualification of the shares of Common
Stock subject to the Award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the
taking of any other action is necessary or desirable as a condition of, or in connection with, the delivery of shares hereunder, the
shares of Common Stock subject to the Award shall not be delivered, in whole or in part, unless such listing, registration, qualification,
consent, approval or other action shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company
agrees to use reasonable efforts to effect or obtain any such listing, registration, qualification, consent, approval or other action.

 

6.3.     Award Confers No Rights
to Continued Employment. In no event shall the granting of the Award or its acceptance by the Holder, or any provision of the Award
Notice, the Agreement or the Plan, give or be deemed to give the Holder any right to continued employment by the Company, any Subsidiary
or any affiliate of the Company or affect in any manner the right of the Company, any Subsidiary or any affiliate of the Company to terminate
the employment of any person at any time.

 

    - 3 -

     

    

 

6.4.      Successors.
This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons
who shall, upon the death of the Holder, acquire any rights hereunder in accordance with this Agreement or the Plan.

 

6.5.      Notices. All notices,
requests or other communications provided for in this Agreement shall be made, if to the Company, to Stripes US Holding, Inc., Attn:
[●] [Address], and if to the Holder, to the last known mailing address of the Holder contained in the records of the Company. All
notices, requests or other communications provided for in this Agreement shall be made in writing either (a) by personal delivery,
(b) by facsimile or electronic mail with confirmation of receipt, (c) by mailing in the United States mails or (d) by express
courier service. The notice, request or other communication shall be deemed to be received upon personal delivery, upon confirmation of
receipt of facsimile or electronic mail transmission or upon receipt by the party entitled thereto if by United States mail or express
courier service; provided, however, that if a notice, request or other communication sent to the Company is not received
during regular business hours, it shall be deemed to be received on the next succeeding business day of the Company.

 

6.6.     Governing Law. This
Agreement, the Award and all determinations made and actions taken pursuant hereto and thereto, to the extent not governed by the laws
of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving effect
to principles of conflicts of laws.

 

6.7.      Agreement Subject to
the Plan. This Agreement is subject to the provisions of the Plan and the Award Notice and shall be interpreted in accordance therewith.
In the event that the provisions of this Agreement or the Award Notice and the Plan conflict, the Plan shall control. The Holder hereby
acknowledges receipt of a copy of the Plan.

 

6.8.     Entire Agreement.
This Agreement, the Award Notice and the Plan constitute the entire agreement of the parties with respect to the subject matter hereof
and supersede in their entirety all prior undertakings and agreements of the Company and the Holder with respect to the subject matter
hereof, and may not be modified adversely to the Holder’s interest except by means of a writing signed by the Company and the Holder.

 

6.9.     Partial Invalidity.
The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof and this
Agreement shall be construed in all respects as if such invalid or unenforceable provision was omitted.

 

6.10.    Amendment and Waiver.
The Company may amend the provisions of this Agreement at any time; provided that an amendment that would adversely affect the
Holder’s rights under this Agreement shall be subject to the written consent of the Holder. No course of conduct or failure or delay
in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.

 

6.11.    Application of Section 409A
of the Code. The Restricted Stock Unit Award is intended to be exempt from or, failing such exemption, to comply with the requirements
of Section 409A of the Code, and the Phantom PIK Award is intended to comply with the requirements of Section 409A of
the Code, and each such award shall be interpreted and construed accordingly.

 

6.12.   Stockholders Agreement.
Upon receipt of common equity shares, the Holder hereby agrees to join and become a party to that certain
[Management Stockholders Agreement of the Company, dated as of [●]], as may be amended from time to time (the “Management
Stockholders Agreement”), and the Company hereby agrees to accept the Holder as a party to, the Management Stockholders Agreement,
and this Agreement shall serve as the Holder’s joinder to the Management Stockholders Agreement. By virtue of the grant of the Award
hereunder and the Holder’s execution of this Agreement, the Holder shall be deemed to have granted the Holder’s perpetual
and irrevocable power of attorney to the Company, with full right, power and authority to take all actions necessary and/or desirable
on behalf of the Holder to effectuate the provisions of the Stockholders Agreement with respect to all Common Stock owned by the Holder
and as may be acquired by the Holder.

 

    - 4 -

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