Document:

Second Amendment to Mark Irion Employment Agreement

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 Exhibit 10.5 
 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Second Amendment to Employment Agreement (the “Amendment”) is entered into and effective as of the 8th of July 2005 (the “Effective Date”), by and among Neff Corp., a Delaware corporation (the “Company”), Neff Rental LLC, a Delaware limited liability company and a direct, wholly-owned
subsidiary of the Company, Neff Finance Corp., a Delaware corporation and a direct, wholly-owned subsidiary of Neff Rental LLC, Neff Rental, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Neff Rental LLC, and Mark H. Irion, an
individual (the “Executive” and collectively with the Company, Neff Rental LLC, Neff Finance Corp. and Neff Rental, Inc., the “Parties”). 
 Recitals 
 WHEREAS, the Executive and the Company entered into an Employment Agreement,
effective as of March 1, 2000 (the “Original Agreement”), where the Company and the Executive agreed to employ the Executive as Chief Financial Officer of the Company; and 
 WHEREAS, the Executive and the Company entered into the First Amendment to the Original Agreement, effective as of January 31, 2005 (the
“First Amendment”); and 
 WHEREAS, the Executive and the Company desire to add Neff Rental LLC, Neff Finance Corp. and Neff
Rental, Inc. as parties to the Original Agreement and the First Amendment. 
 NOW THEREFORE, in consideration of the mutual covenants and
agreements set forth in this Amendment, and for other good and valuable consideration, the receipt and adequacy of which are acknowledged, the Parties agree as follows: 
 Terms and Conditions 
 As of the Effective Date, the Original Agreement and the First
Amendment are hereby amended to add Neff Rental LLC, Neff Finance Corp. and Neff Rental, Inc. as “Parties” (as the term is defined in each of the Original Agreement and First Amendment). 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, the Company, Neff Rental LLC, Neff Finance Corp. and Neff Rental, Inc. have caused this Agreement to
be executed by its duly authorized officer and the Executive has executed this Agreement as of the day and year first above written. 
  

			
	NEFF CORP.
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	NEFF RENTAL LLC
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	NEFF FINANCE CORP.
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	NEFF RENTAL, INC.
		
	By:	 	 /s/

	Name:	 	
	Title:	 	
	
	EXECUTIVE
	
	 /s/

	Mark Irion

 Second Amendment to Mark Irion Employment AgreementThird Amendment to Mark Irion Employment Agreement

 Exhibit 10.6 
 THIRD AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (the
“Amendment”) is entered into as of May 31, 2007 by and between Mark Irion (the “Executive”), and Neff Corp., a corporation organized and existing under the laws of the State of Tennessee (the “Company”).

 WHEREAS, Executive is currently employed as Chief Financial Officer of the Company pursuant to an employment agreement dated March 1,
2000, between Executive and Neff Corp. (the “Employment Agreement”), as first amended on January 31, 2005 and as next amended on July 8. 2005; and 
 WHEREAS, in connection with the transactions contemplated by that certain Agreement and Plan of Merger by and among LYN Holdings LLC, LYN Holdings Corp. LYN Acquisition Corp., and Neff Corp. dated March 31 2007,
pursuant to which the Company will merge with and into Neff Corp., with Neff Corp. remaining the surviving entity (the “Merger”); and 
 WHEREAS, in connection with the Merger, the Executive, LYN Holdings LLC, and LYN Holdings Corp. executed a letter agreement dated March 31, 2007 (the “Equity Commitment Letter”) which, among other things provided for changes
to the Executive’s severance rights otherwise contained in the Employment Agreement; and 
 WHEREAS, in connection with the foregoing,
the Company wishes to formally amend the terms of the Employment Agreement to reflect those changes to the Employment Agreement agreed to under the Equity Commitment Letter, and as set forth herein, to be effective as of the closing of the Merger;
and 
 WHEREAS, the Company and Executive agree to enter into such amendment on the terms set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants and obligations contained herein, and intending to be legally bound, the parties, subject to the
terms and conditions set forth herein, agree, effective as of the closing of the Merger, as follows: 
 1. Definitions. Capitalized terms not defined
herein shall have the meaning set forth in the Employment Agreement. 
 2. Amendment. Section 1 of the Employment Agreement shall be deleted in
its entirety and replaced with the following language: “Term. Subject to the provisions for termination set forth in Section 8, the initial term of employment under this Agreement shall be for a period of three (3) years
commencing on May 31, 2007 and shall be automatically extended for additional one (1) year periods following such initial three-year period, unless one of the Parties shall give written notice to the other on or before the date which is
six (6) months prior to the expiration of the current term of the Agreement of such Party’s election not to so extend this Agreement.” 

 Section 9 of the Employment Agreement shall be amended: (a) by deleting any reference contained therein to
“18 months” and replacing it with “36 months”; and (b) by deleting any reference contained therein to “1.5 times” and replacing it with “3 times”. 
 3. General. 
 (a) This Amendment shall be governed and
construed as to its validity, interpretation and effect by the laws of the State of Florida, without reference to its conflicts of laws provisions, and the arbitration provisions of the Employment Agreement shall apply to any dispute with respect to
this Amendment. 
 (b) This Amendment may be executed in any number of counterparts, and each such counterpart shall be deemed to be an
original instrument, but all such counterparts together shall constitute one and the same instrument. 
 [Remainder of page
intentionally left blank.] 
  

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 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed the day and year first written above.

  

					
	 COMPANY
	 	
		
	NEFF CORP.	 	
			
	By:	 	 /s/ Graham Hood
	 	
	Name:	 	Graham Hood	 	
	Title:	 	President, Chief Executive Officer	 	
		
	EXECUTIVE	 	
		
	 /s/ Mark Irion
	 	
	Mark Irion	 	
	Title:	 	Chief Financial Officer	 	

  

 32007 Stock Option Plan

 Exhibit 10.7 
 2007 STOCK OPTION PLAN 
 OF 
 LYN HOLDINGS CORP. 
 LYN Holdings Corp., a Delaware corporation (the
“Company”), hereby adopts this 2007 Stock Option Plan of LYN Holdings Corp. The purposes of the 2007 Plan are as follows: 
 (1) To further the growth, development and financial success of the Company and its Subsidiaries (as defined herein), by providing additional incentives to Employees, Consultants and Independent Directors (as such terms are defined below)
of the Company and its Subsidiaries who have been or will be given responsibility for the management or administration of the Company’s (or one of its Subsidiaries’) business affairs, by assisting them to become owners of Common Stock (as
defined herein), thereby benefiting directly from the growth, development and financial success of the Company and its Subsidiaries. 
 (2)
To enable the Company (and its Subsidiaries) to obtain and retain the services of the type of professional, technical and managerial Employees, Consultants and Independent Directors considered essential to the long-range success of the Company (and
its Subsidiaries) by providing and offering them an opportunity to become owners of Common Stock under Options (as defined herein), including, in the case of certain Employees, Options that are intended to qualify as “incentive stock
options” under Section 422 of the Code (as defined herein). 
 ARTICLE I. 
 DEFINITIONS 
 Whenever the
following terms are used in the 2007 Plan, they shall have the meaning specified below unless the context clearly indicates to the contrary. The singular pronoun shall include the plural where the context so indicates. 
 Section 1.1 “2007 Plan” shall mean this 2007 Stock Option Plan of LYN Holdings Corp., as amended from time to time. 
 Section 1.2 “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by,
or under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 
 Section 1.3 “Board” shall mean the Board of Directors of the Company. 
 Section 1.4
“Code” shall mean the Internal Revenue Code of 1986, as amended. 
 Section 1.5 “Committee” shall mean
the Committee appointed as provided in Section 6.1. 
 Section 1.6 “Common Stock” shall mean the common stock, par
value $0.01 per share, of the Company. 
 Section 1.7 “Company” shall mean LYN Holdings Corp., a Delaware corporation.
In addition, “Company” shall mean any corporation assuming, or issuing new employee stock options in substitution for, Incentive Stock Options outstanding under the 2007 Plan in a transaction to which Section 424(a) of the Code
applies. 

 Section 1.8 “Consultant” shall mean any consultant or adviser if: (a) the
consultant or adviser renders bona fide services to the Company or a Subsidiary; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do
not directly or indirectly promote or maintain a market for the Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Company or a Subsidiary to render such services. 

Section 1.9 “Corporate Event” shall mean, as determined by the Committee (or by the Board, in the case of Options granted to
Independent Directors) in its sole discretion, any transaction or event described in Section 7.1(a) or any unusual or nonrecurring transaction or event affecting the Company, any Affiliate of the Company, or the financial statements of the
Company or any Affiliate of the Company, or any change in applicable laws, regulations, or accounting principles. 
 Section 1.10
“Director” shall mean a member of the Board. 
 Section 1.11 “Eligible Representative” for an Optionee
shall mean such Optionee’s personal representative or such other person as is empowered under the deceased Optionee’s will or the then applicable laws of descent and distribution to represent the Optionee hereunder. 
 Section 1.12 “Employee” shall mean, with respect to any entity, any employee of such entity (as defined in accordance with the
regulations and revenue rulings then applicable under Section 3401(c) of the Code). 
 Section 1.13 “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 Section 1.14 “Fair Market Value” of a share of Common
Stock as of a given date shall be: 
 (a) The average of the closing prices of a share of Common Stock on the principal exchange on which such
shares are then trading, if any (or as reported on any composite index which includes such principal exchange), for the period of ten consecutive trading days ending on the most recent trading day prior to such determination date; or 
 (b) If Common Stock is not traded on an exchange, the average of the mean between the closing representative bid and asked prices for a share of Common
Stock for the period of ten consecutive trading days ending on the most recent trading day prior to such determination date as reported by Nasdaq or, if Nasdaq is not then in existence, by its successor quotation system; or 
 (c) If Common Stock is not publicly traded on an exchange and not quoted on Nasdaq or a successor quotation system, the fair market value of a share of
Common Stock as determined in good faith by the Board in its sole discretion, with reference to the most recent valuation of the Common Stock requested by the Board and performed by an independent 

  

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valuation consultant or appraiser of nationally recognized standing (which may be the Company’s independent accounting firm) selected by the Board in
consultation with the Company’s Chief Executive Officer and with such adjustment to the appraisal by said independent valuation consultant or appraiser to such given date as the Board, acting in good faith, in its sole discretion deems
appropriate. 
 Section 1.15 “Incentive Stock Option” shall mean an Option that conforms to the applicable provisions
of Section 422 of the Code and that is designated as an Incentive Stock Option by the Committee. 
 Section 1.16
“Independent Director” shall mean a member of the Board who is not an Employee of the Company or any of its Subsidiaries. 
 Section 1.17 “Initial Public Offering” shall mean the first issuance by the Company of any class of common equity securities that is required to be registered (other than on a Form S-8) under Section 12 of the
Exchange Act. 
 Section 1.18 “Non-Qualified Stock Option” shall mean an Option which is not an “incentive stock
option” within the meaning of Section 422 of the Code. 
 Section 1.19 “Officer” shall mean an officer of the
Company, as defined in Rule 16a-l(f) under the Exchange Act, as such Rule may be amended from time to time. 
 Section 1.20
“Option” shall mean an option granted under the 2007 Plan to purchase Common Stock. Subject to Section 3.2, an Option shall, as determined by the Committee, be either an Incentive Stock Option or a Non-Qualified Stock Option.

 Section 1.21 “Optionee” shall mean an Employee, Consultant or Independent Director to whom an Option is granted
under the 2007 Plan. 
 Section 1.22 “Person” shall mean an individual, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, governmental authority or other entity of whatever nature. 
 Section 1.23 “Rule 16b-3” shall mean that certain Rule 16b-3 promulgated under the Exchange Act, as such Rule may be amended from time to time. 
 Section 1.24 “Securities Act” shall mean the Securities Act of 1933, as amended. 
 Section 1.25 “Stock Option Agreement” shall have the meaning set forth in Section 4.1. 
 Section 1.26 “Stockholders Agreement” shall mean an agreement by and between the Optionee and the Company which contains certain
restrictions and limitations applicable to the shares of Common Stock acquired upon Option exercise (and/or to other shares of Common Stock, if any, held by the Optionee during the term of such agreement), the terms of which shall be determined by
the Board in its discretion. 
  

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 Section 1.27 “Subsidiary” of any entity shall mean any corporation in an unbroken
chain of corporations beginning with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. 
 Section 1.28 “Termination of Consultancy” shall mean the time when the engagement of an
Optionee as a Consultant to the Company or a Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, by resignation, discharge, death or retirement, but excluding a termination where there is a
simultaneous commencement of employment with the Company or any Subsidiary. The Committee, in its sole discretion, shall determine the effect of all matters and questions relating to Termination of Consultancy. 
 Section 1.29 “Termination of Directorship” shall mean the time when an Optionee who is an Independent Director ceases to be a
Director for any reason, including but not by way of limitation, a termination by resignation, failure to be elected or appointed, death or retirement. The Board, in its sole discretion, shall determine the effect of all matters and questions
relating to Termination of Directorship. 
 Section 1.30 “Termination of Employment” shall mean the time when the
employee-employer relationship between an Optionee and the Company (or one of its Subsidiaries) is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by resignation, discharge, death or
retirement, but excluding a termination where there is a simultaneous reemployment by the Company (or one of its Subsidiaries). The Committee shall determine the effect of all matters and questions relating to Termination of Employment, including,
but not by way of limitation, the question of whether a Termination of Employment resulted from a discharge for good cause, and all questions of whether a particular leave of absence constitutes a Termination of Employment; provided,
however, that, with respect to Incentive Stock Options, a leave of absence shall constitute a Termination of Employment if, and to the extent that, such leave of absence interrupts employment for the purposes of Section 422(a)(2) of the
Code and the then applicable regulations and revenue rulings under Section 422(a)(2) of the Code. 
 ARTICLE II. 
 SHARES SUBJECT TO PLAN 
 Section 2.1 Shares Subject to Plan. The shares of stock subject to Options shall be shares of Common Stock. Subject to Section 7.1, the aggregate number of such shares which may be issued upon exercise of Options shall not
exceed 2,683,550 shares of Common Stock. 
 Section 2.2 Unexercised Options. If any Option (or portion thereof) expires or is
canceled without having been fully exercised, the number of shares of Common Stock subject to such Option (or portion thereof) but as to which such Option was not exercised prior to its expiration or cancellation may again be optioned hereunder,
subject to the limitations of Section 2.1. 
  

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 ARTICLE III. 
 GRANTING OF OPTIONS 
 Section 3.1 Eligibility. Subject to Section 3.2, any
(a) Employee of the Company or one of its Subsidiaries; (b) Consultant; or (c) Independent Director shall be eligible to be granted Options. 
 Section 3.2 Qualification of Incentive Stock Options. Notwithstanding Section 3.1, no Incentive Stock Option shall be granted to any person who is not an Employee of the Company or one of its
Subsidiaries. 
 Section 3.3 Granting of Options to Employees and Consultants. 
 (a) The Committee shall from time to time: 
 (i) Select from among the Employees and Consultants of the Company and any of its Subsidiaries (including those to whom Options have been previously granted under the 2007 Plan) such of them as in its opinion should be granted Options;

 (ii) Determine the number of shares of Common Stock to be subject to such Options granted to such Employees and Consultants and, subject
to Section 3.2, determine whether such Options are to be Incentive Stock Options or Non-Qualified Stock Options; and 
 (iii) Determine
the terms and conditions of such Options, consistent with the 2007 Plan. 
 (b) Upon the selection of an Employee or Consultant of the
Company or any of its Subsidiaries to be granted an Option pursuant to Section 3.3(a), the Committee shall instruct the corporate secretary or another authorized Officer of the Company to issue such Option and may impose such conditions on the
grant of such Option as it deems appropriate. Without limiting the generality of the preceding sentence, the Committee may require as a condition to the grant of an Option to such an Employee or Consultant that such Employee or Consultant surrender
for cancellation some or all of the unexercised Options which have been previously granted to him or her. An Option the grant of which is conditioned upon such surrender may have an Option price lower (or higher) than the Option price of the
surrendered Option, may cover the same (or a lesser or greater) number of shares as the surrendered Option, may contain such other terms as the Committee deems appropriate and shall be exercisable in accordance with its terms, without regard to the
number of shares, price, period of exercisability or any other term or condition of the surrendered Option. 
 Section 3.4 Granting
of Option to Independent Directors. 
 (a) The Board shall from time to time: 
 (i) Select from among the Independent Directors (including those to whom Options have previously been granted under the 2007 Plan) such of them as in its
opinion should be granted Options; 
  

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 (ii) Determine the number of shares of Common Stock to be subject to such Options granted to such
selected Independent Directors; and 
 (iii) Determine the terms and conditions of such Options, consistent with the 2007 Plan;
provided, however, that all Options granted to Independent Directors shall be Non-Qualified Stock Options. 
 (b) Upon the
selection of an Independent Director to be granted an Option pursuant to Section 3.4(a), the Board shall instruct the corporate secretary or another authorized Officer of the Company to issue such Option and may impose such conditions on the
grant of such Option as it deems appropriate. Without limiting the generality of the preceding sentence, the Board may require as a condition to the grant of an Option to an Independent Director that the Independent Director surrender for
cancellation some or all of the unexercised Options which have been previously granted to him or her. An Option the grant of which is conditioned upon such surrender may have an Option price lower (or higher) than the Option price of the surrendered
Option, may cover the same (or a lesser or greater) number of shares as the surrendered Option, may contain such other terms as the Board deems appropriate and shall be exercisable in accordance with its terms, without regard to the number of
shares, price, period of exercisability or any other term or condition of the surrendered Option. 
 ARTICLE IV. 
 TERMS OF OPTIONS 
 Section 4.1 Stock Option Agreement. Each Option shall be evidenced by a written Stock Option Agreement, which shall be executed by the Optionee and an authorized Officer of the Company and which shall contain such terms and
conditions as the Committee (or the Board, in the case of Options granted to Independent Directors) shall determine, consistent with the 2007 Plan. Stock Option Agreements evidencing Incentive Stock Options shall contain such terms and conditions as
may be necessary to qualify such Options as “incentive stock options” within the meaning of Section 422 of the Code. 
 Section 4.2 Exercisability of Options. (a) Each Option shall become exercisable according to the terms of the applicable Stock Option Agreement; provided, however, that by a resolution adopted after an Option
is granted the Committee (or the Board, in the case of Options granted to Independent Directors) may, on such terms and conditions as it may determine to be appropriate, accelerate the time at which such Option or any portion thereof may be
exercised. 
 (b) Except as otherwise provided in the applicable Stock Option Agreement, no portion of an Option which is unexercisable at
Termination of Employment, Termination of Consultancy or Termination of Directorship, as applicable, shall thereafter become exercisable. 
 (c) To the extent that the aggregate Fair Market Value of stock with respect to which “incentive stock options” (within the meaning of Section 422 of the Code, but without regard to Section 422(d) of the Code) are
exercisable for the first time by an Optionee during any calendar year (under the 2007 Plan and all other incentive stock option plans of the Company or any Subsidiary thereof) exceeds $100,000, such options shall be treated and taxable as
Non-Qualified Stock Options. The rule set forth in the preceding sentence shall be applied by taking 

  

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options into account in the order in which they were granted, and the stock issued upon exercise of options shall designate whether such stock was acquired
upon exercise of an Incentive Stock Option. For purposes of these rules, the Fair Market Value of stock shall be determined as of the date of grant of the Option granted with respect to such stock. 
 Section 4.3 Option Price. The price of the shares subject to each Option shall be set by the Committee (or the Board, in the case of Options
granted to Independent Directors); provided, however, that the price per share shall be not less than 100% of the Fair Market Value of such shares on the date such Option is granted; and provided, further, that in the
case of an Incentive Stock Option granted to an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company, the price per share shall not be
less than 110% of the Fair Market Value of such shares on the date such Incentive Stock Option is granted. 
 Section 4.4 Expiration
of Options. No Option may be exercised to any extent by anyone after the first to occur of the following events: 
 (a) The expiration of
ten years from the date the Option was granted; or 
 (b) With respect to an Incentive Stock Option in the case of an Optionee owning (within
the meaning of Section 424(d) of the Code), at the time the Incentive Stock Option was granted, more than 10% of the total combined voting power of all classes of stock of the Company or any Subsidiary, the expiration of five years from the
date the Incentive Stock Option was granted. 
 Section 4.5 At-Will Employment. Nothing in the 2007 Plan or in any Stock Option
Agreement hereunder shall confer upon any Optionee any right to continue in the employ of, or as a Consultant for, the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are
hereby expressly reserved, to discharge any Optionee at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Optionee and the Company or any Subsidiary.

 ARTICLE V. 
 EXERCISE OF OPTIONS 
 Section 5.1 Person Eligible to Exercise. During the lifetime of the Optionee, only
he or she may exercise an Option (or any portion thereof); provided, however, that the Optionee’s Eligible Representative may exercise such Optionee’s Option during the period of his or her disability (as defined in
Section 22(e)(3) of the Code) notwithstanding that an Option so exercised may not qualify as an Incentive Stock Option. After the death of the Optionee, any exercisable portion of an Option may, prior to the time when such portion becomes
unexercisable under the 2007 Plan or the applicable Stock Option Agreement, be exercised by his or her Eligible Representative. 
 Section 5.2 Partial Exercise. At any time and from time to time prior to the time when the Option becomes unexercisable under the 2007 Plan or the applicable Stock Option Agreement, the exercisable portion of an Option may be
exercised in whole or in part; provided, 

  

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however, that the Company shall not be required to issue fractional shares and the Committee (or the Board, in the case of Options granted to
Independent Directors) may, by the terms of the Option, require any partial exercise to exceed a specified minimum number of shares. 
 Section 5.3 Manner of Exercise. An exercisable Option, or any exercisable portion thereof, may be exercised solely by delivery to the corporate secretary of all of the following prior to the time when such Option or such portion
becomes unexercisable under the 2007 Plan or the applicable Stock Option Agreement: 
 (a) Notice in writing signed by the Optionee or his or
her Eligible Representative, stating that such Option or portion is exercised, and specifically stating the number of shares with respect to which the Option is being exercised; 
 (b) A copy of the Stockholders Agreement signed by the Optionee or Eligible Representative, as applicable; 
 (c) Full payment for the shares with respect to which such Option or portion is thereby exercised: 
 (i) In cash or by personal, certified, or bank cashier check; or 
 (ii) With the consent of the Committee (or the Board, in the case of Options to Independent Directors), (A) shares of Common Stock which have been owned by the Optionee for at least six months duly endorsed for
transfer to the Company with a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof; (B) except with respect to Incentive Stock Options, shares of the Common Stock issuable
to the Optionee upon the exercise of the Option, with a Fair Market Value on the date of Option exercise equal to the aggregate Option price of the shares with respect to which such Option or portion is thereby exercised; (C) following an
Initial Public Offering, delivery of a notice that the Optionee has placed a market sell order with a broker with respect to shares of Common Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient
portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; or (D) any combination of the consideration listed in this subsection (c); 
 (d) The payment to the Company (in cash or by personal, certified or bank cashier check or by any other means of payment approved by the Committee) of
all amounts necessary to satisfy any and all federal, state and local tax withholding requirements arising in connection with the exercise of the Option; 
 (e) Such representations and documents as the Committee (or the Board, in the case of Options granted to Independent Directors) deems necessary or advisable to effect compliance with all applicable provisions of the
Securities Act, Exchange Act and any other federal or state securities laws or regulations. The Committee (or the Board, in the case of Options granted to Independent Directors) may, in its sole discretion, also take whatever additional actions it
deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop-transfer orders to transfer agents and registrars; and 
  

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 (f) In the event that the Option or portion thereof shall be exercised pursuant to Section 5.1 by
any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the Option or portion thereof. 
 Section 5.4 Conditions to Issuance of Stock Certificates. The shares of stock issuable and deliverable upon the exercise of an Option, or any portion thereof, may be either previously authorized but unissued shares or issued
shares which have then been reacquired by the Company. A certificate of shares will be delivered to the Optionee at the Company’s principal place of business within thirty days of receipt by the Company of the written notice and payment, unless
an earlier date is agreed upon. Notwithstanding the above, the Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of any Option or portion thereof prior to fulfillment of
all of the following conditions: 
 (a) The admission of such shares to listing on any and all stock exchanges on which such class of stock is
then listed; 
 (b) The execution by the Optionee and delivery to the Company of the Stockholders Agreement; 
 (c) The completion of any registration or other qualification of such shares under any state or federal law or under the rulings or regulations of the
Securities and Exchange Commission or any other governmental regulatory body, which the Committee (or the Board, in the case of Options granted to Independent Directors) shall, in its sole discretion, deem necessary or advisable; 
 (d) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee (or the Board, in the case of
Options granted to Independent Directors) shall, in its sole discretion, determine to be necessary or advisable; and 
 (e) The payment to
the Company of all amounts which it is required to withhold under federal, state or local law in connection with the exercise of the Option. 
 Section 5.5 Rights as Stockholders. The holder of an Option shall not be, nor have any of the rights or privileges of, a stockholder of the Company in respect of any shares purchasable upon the exercise of any part of an Option
unless and until such holder has signed the Stockholders Agreement and certificates representing such shares have been issued by the Company to such holder. 
 Section 5.6 Transfer Restrictions. Shares acquired upon exercise of an Option shall be subject to the terms and conditions of a Stockholders Agreement. In addition, the Committee (or the Board, in the case
of Options granted to Independent Directors), in its sole discretion, may impose further restrictions on the transferability of the shares purchasable upon the exercise of an Option as it deems appropriate. Any such restriction shall be set forth in
the respective Stock Option Agreement and may be referred to on the certificates evidencing such shares. The Committee may require an Employee to give the Company prompt notice of any disposition of shares of stock, acquired by exercise of an
Incentive Stock Option, within two years from the date of granting such Option or one year after the transfer of such shares to such Employee. The Committee may direct that the certificates evidencing shares acquired by exercise of an Incentive
Stock Option refer to such requirement. 
  

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 ARTICLE VI. 
 ADMINISTRATION 
 Section 6.1 Committee. Prior to an Initial Public Offering, the
Committee shall be the Compensation Committee of the Board. Following an Initial Public Offering, if any, the full Board shall administer the 2007 Plan unless and until there is appointed a Compensation Committee (or another committee or a
subcommittee of the Board assuming the functions of the Committee under the 2007 Plan) that shall consist solely of two or more Independent Directors appointed by and holding office at the pleasure of the Board, each of whom is both a
“non-employee director” as defined by Rule 16b-3 and an “outside director” for purposes of Section 162(m) of the Code. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may
resign at any time by delivering written notice to the Board. Vacancies in the Committee may be filled by the Board in its sole discretion. Any action required or permitted to be taken by the Committee hereunder or under any Stock Option Agreement
may be taken by the Board. 
 Section 6.2 Delegation of Authority. The Committee may, but need not, from time to time delegate
some or all of its authority to grant Options under the 2007 Plan to a committee or subcommittee consisting of one or more members of the Committee or of one or more Officers of the Company; provided, however, that the Committee may
not delegate its authority to grant Options to individuals (a) who are subject on the date of the grant to the reporting rules under Section 16(a) of the Exchange Act, (b) whose compensation the Committee determines is, or may become,
subject to the deduction limitations set forth in Section 162(m) of the Code or (c) who are Officers of the Company who are delegated authority by the Committee hereunder. Any delegation hereunder shall be subject to the restrictions and
limits that the Committee specifies at the time of such delegation, and the Committee may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 6.2 shall serve in
such capacity at the pleasure of the Committee. 
 Section 6.3 Duties and Powers of the Committee. It shall be the duty of the
Committee to conduct the general administration of the 2007 Plan in accordance with its provisions. The Committee shall have the power to interpret the 2007 Plan and the Options and to adopt such rules for the administration, interpretation and
application of the 2007 Plan as are consistent therewith and to interpret, amend or revoke any such rules. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office, shall conduct the general administration of the
2007 Plan with respect to Options granted to Independent Directors. Any such interpretations and rules in regard to Incentive Stock Options shall be consistent with the terms and conditions applicable to “incentive stock options” within
the meaning of Section 422 of the Code. All determinations and decisions made by the Committee under any provision of the 2007 Plan or of any Option granted thereunder shall be final, conclusive and binding on all persons. 
 Section 6.4 Compensation, Professional Assistance, Good Faith Actions. The members of the Committee shall receive such compensation, if any,
for their services hereunder 

  

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as may be determined by the Board. All expenses and liabilities incurred by the members of the Committee or the Board in connection with the administration
of the 2007 Plan shall be borne by the Company. The Committee or the Board may employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Committee, the Company and its Officers and Directors shall be entitled to rely upon
the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Committee and the Board in good faith shall be final and binding upon all Optionees, the Company and all other
interested persons. No member of the Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the 2007 Plan or the Options, and all members of the Board shall be fully protected by the
Company in respect to any such action, determination or interpretation. 
 ARTICLE VII. 
 OTHER PROVISIONS 
 Section 7.1 Changes in Common Stock; Disposition of Assets and Corporate Events. (a) Subject to Section 7.1(d), in the event that the Committee (or the Board, in the case of Options granted to Independent Directors)
reasonably determines that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Common Stock or other securities of the
Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Committee’s reasonable discretion (or in the case of Options granted to
Independent Directors, the Board’s sole discretion), affects the Common Stock such that an adjustment is determined by the Committee (or the Board, in the case of Options granted to Independent Directors) to be appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the 2007 Plan or with respect to an Option, then the Committee (or the Board, in the case of Options granted to Independent Directors) shall, in such
manner as it may deem equitable, adjust any or all of: 
 (i) The number and kind of shares of Common Stock (or other securities or property)
with respect to which Options may be granted under the 2007 Plan (including, but not limited to, adjustments of the limitations in Section 2.1 on the maximum number and kind of shares which may be issued); 
 (ii) The number and kind of shares of Common Stock (or other securities or property) subject to outstanding Options; 
 (iii) The exercise price with respect to any Option; and 
 (iv) The financial or other “targets” specified in each Stock Option Agreement for determining the exercisability of Options. 
 (b) Subject to Section 7.1(d) and the terms of outstanding Stock Option Agreements, upon the occurrence of a Corporate Event, the Committee (or the Board, in the case 

  

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of options granted to Independent Directors), in its sole discretion, is hereby authorized to take any one or more of the following actions whenever the
Committee (or the Board, in the case of Options granted to Independent Directors) determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the
2007 Plan or with respect to any Option under the 2007 Plan, to facilitate such Corporate Event or to give effect to such changes in laws, regulations or principles: 
 (i) In its sole discretion, and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the case of Options granted to Independent Directors) may provide, either by the terms of the
applicable Stock Option Agreement or by action taken prior to the occurrence of such Corporate Event and either automatically or upon the Optionee’s request, for either the purchase of any such Option for an amount of cash, securities, or other
property equal to the amount that could have been attained upon the exercise of the vested portion of such Option (and such additional portion of the Option as the Board or Committee may determine) immediately prior to the occurrence of such
transaction or event, or the replacement of such vested (and other) portion of such Option with other rights or property selected by the Committee (or the Board, in the case of Options granted to Independent Directors) in its sole discretion;

 (ii) In its sole discretion, the Committee (or the Board, in the case of Options granted to Independent Directors) may provide, either by
the terms of the applicable Stock Option Agreement or by action taken prior to the occurrence of such Corporate Event, that the Option (or any portion thereof) cannot be exercised after such event; 
 (iii) In its sole discretion, and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the case of Options granted to
Independent Directors) may provide, either by the terms of the applicable Stock Option Agreement or by action taken prior to the occurrence of such Corporate Event, that for a specified period of time prior to such Corporate Event, such Option shall
be exercisable as to all shares covered thereby or a specified portion of such shares, notwithstanding anything to the contrary in the 2007 Plan or the applicable Stock Option Agreement; 
 (iv) In its sole discretion, and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the case of Options granted to
Independent Directors) may provide, either by the terms of the applicable Stock Option Agreement or by action taken prior to the occurrence of such Corporate Event, that upon such event, such Option (or any portion thereof) be assumed by the
successor or survivor corporation, or a parent or subsidiary thereof (including without limitation any common parent of the Company and any other company or companies), or shall be substituted for by similar options, rights or awards covering the
stock of the successor or survivor corporation, or a parent or subsidiary thereof (including without limitation any common parent of the Company and any other company or companies), with appropriate adjustments as to the number and kind of shares
and prices; and 
 (v) In its sole discretion, and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the
case of Options granted to Independent Directors) may make adjustments in the number and type of shares of Common Stock (or other securities or property) subject to outstanding Options (or any portion thereof) and/or in the terms and conditions of
(including the exercise price), and the criteria included in, outstanding Options and Options which may be granted in the future. 
  

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 (c) Subject to Section 7.1(d), the Committee (or the Board, in the case of Options granted to
Independent Directors) may, in its sole discretion, include such further provisions and limitations in any Stock Option Agreement as it may deem equitable and in the best interests of the Company and its Affiliates. 
 (d) With respect to Incentive Stock Options, no adjustment or action described in this Section 7.1 or in any other provision of the 2007 Plan shall
be authorized to the extent that such adjustment or action would cause the 2007 Plan to violate Section 422(b)(1) of the Code or any successor provisions thereto, unless the Committee determines that the 2007 Plan and/or the Options are not to
comply with Section 422(b)(1) of the Code. The number of shares of Common Stock subject to any Option shall always be rounded up to the next higher whole number. 
 Section 7.2 Options Not Transferable. No Option or interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Optionee or his or her successors in interest or
shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any
other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that nothing in this Section 7.2 shall prevent transfers by will or by
the applicable laws of descent and distribution. 
 Section 7.3 Amendment, Suspension or Termination of the Plan. The 2007 Plan
may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board or the Committee. However, without stockholder approval within 12 months before or after such action no action of the
Board or the Committee may, except as provided in Section 7.1, increase any limit imposed in Section 2.1 on the maximum number of shares which may be issued on exercise of Options, reduce the minimum Option price requirements of
Section 4.3(a), or extend the limit imposed in this Section 7.3 on the period during which options may be granted. Except as provided by Section 7.1, neither the amendment, suspension nor termination of the 2007 Plan shall, without
the consent of the holder of the Option, alter or impair any rights or obligations under any Option theretofore granted. No Option may be granted during any period of suspension nor after termination of the 2007 Plan, and in no event may any Option
be granted under the 2007 Plan after the expiration of ten years from the date the 2007 Plan is adopted by the Board. 
 Section 7.4
Effect of Plan Upon Other Option and Compensation Plans. The adoption of the 2007 Plan shall not affect any other compensation or incentive plans in effect for the Company or any Affiliate. Nothing in the 2007 Plan shall be construed to limit
the right of the Company or any Affiliate (a) to establish any other forms of incentives or compensation for directors or employees of the Company (or any Affiliate); or (b) to grant or assume options otherwise than under the 2007 Plan in
connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of
any corporation, firm or association. 
  

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 Section 7.5 Approval of Plan by Stockholders. The 2007 Plan will be submitted for the
approval of the Company’s stockholders within 12 months after the date of the Board’s initial adoption of the 2007 Plan. No Option may be exercised to any extent by anyone unless and until the 2007 Plan is so approved by the stockholders,
and if such approval has not been obtained by the end of said 12-month period, the 2007 Plan and all Options theretofore granted shall thereupon be canceled and become null and void. 
 Section 7.6 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of the
2007 Plan. 
 Section 7.7 Conformity to Section 409A of the Code and Securities Laws. 
 (a) Without limiting the generality of the foregoing, to the extent applicable, notwithstanding anything herein to the contrary, this Plan and Awards
issued hereunder shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other guidance
that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that the Committee determines that any amounts payable hereunder will be taxable to a Participant under Section 409A of the
Code and related Department of Treasury guidance prior to payment to such Participant of such amount, the Company may (a) adopt such amendments to the Plan and Awards and appropriate policies and procedures, including amendments and policies
with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards hereunder and/or (b) take such other actions as the Committee determines
necessary or appropriate to avoid the imposition of an additional tax under Section 409A of the Code. 
 (b) The 2007 Plan is intended to
conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder to the extent the Company or any Optionee is
subject to the provisions thereof. Notwithstanding anything herein to the contrary, the 2007 Plan shall be administered, and Options shall be granted and may be exercised, only in such a manner as to conform to such laws, rules and regulations. To
the extent permitted by applicable law, the 2007 Plan and Options granted hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 Section 7.8 Governing Law. To the extent not preempted by federal law, the 2007 Plan shall be construed in accordance with and governed by
the internal laws of the State of Delaware, without regard to the principles of conflicts of law thereof, or principles of conflicts of law of any other jurisdiction which could cause the application of the laws of any jurisdiction other than the
State of Delaware. 
 Section 7.9 Severability. In the event any portion of the 2007 Plan or any action taken pursuant thereto
shall be held illegal or invalid for any reason, the illegality or invalidity shall not 

  

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affect the remaining parts of the 2007 Plan, and the 2007 Plan shall be construed and enforced as if the illegal or invalid provisions had not been included,
and the illegal or invalid action shall be null and void. 
 * * * * * 
 I hereby certify that the foregoing 2007 Plan was duly adopted by the Board of Directors of LYN Holdings Corp. as of May 31, 2007.

 Executed as of May 31, 2007. 
  

			
	 /s/ Mark Irion
	 	
	Officer	 	

  

 15

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