Document:

EX-10.9

 Exhibit 10.9 

Execution Version 

OMNIBUS CONSENT, JOINDER AND AMENDMENT NO. 3 TO CREDIT AND SECURITY AGREEMENT 

This OMNIBUS CONSENT, JOINDER AND AMENDMENT NO. 3 TO CREDIT AND SECURITY AGREEMENT (this “Agreement”) is made
as of this 4th day of September, 2018, by and among MOHAWK GROUP, INC., a Delaware corporation (“Mohawk”) and each of its direct and indirect subsidiaries set forth on the signature pages hereto (each being referred to herein
individually as an “Original Borrower”, and collectively as “Original Borrowers”), MOHAWK GROUP HOLDINGS, INC., a Delaware corporation (“New Borrower”, and New Borrower, together with the
Original Borrowers, the “Borrowers”), MIDCAP FUNDING X TRUST, as successor to MidCap Financial Trust (as Agent for Lenders, in such capacity and together with its permitted successors and assigns, “Agent”), MIDCAP
FUNDING V TRUST and MIDCAP FUNDING X TRUST, each individually as a Lender, and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as a Lender. 

RECITALS 

A. Agent, Lenders and Original Borrowers are parties to that certain Credit and Security Agreement, dated as of
October 16, 2017 (as amended by that certain Amendment No. 1 to Credit and Security Agreement and Limited Waiver, dated as of April 5, 2018, that certain Amendment No. 2 to Credit and Security Agreement and Limited Consent, dated
as of August 8, 2018 and as further amended, modified, supplemented and restated from time to time prior to the date hereof, the “Original Credit Agreement” and as the same is amended hereby and as it may be further
amended, modified, supplemented and restated from time to time, the “Credit Agreement”), pursuant to which the Lenders have agreed to make certain advances of money and to extend certain financial accommodations to Borrowers and
certain of their Affiliates in the amounts and manner set forth in the Credit Agreement. 
 B. Borrowers desire to
consummate the acquisition of Mohawk by New Borrower in accordance with the terms of that certain Agreement and Plan of Merger, dated as of March 28, 2018, by and among Mohawk, MGH Merger Sub, Inc., a Delaware corporation (“Merger
Sub”) and New Borrower, a copy of which is attached hereto as Exhibit A (as amended by that certain Amendment No. 1 to the Agreement and Plan of Merger, dated as of April 1, 2018, and as in effect on the date hereof,
the “Merger Agreement”), pursuant to which Mohawk will merge with and into Merger Sub, with Mohawk surviving as a wholly-owned Subsidiary of New Borrower (the “Merger”). 

C. Following the consummation of the Merger, New Borrower will join the Credit Agreement as a Borrower and Original Borrowers
have requested that Agent and the Lenders amend the Credit Agreement and the Pledge Agreement to join New Borrower as a party to the Credit Agreement as a Borrower, as a party to the Pledge Agreement as a Pledgor, and the other applicable Financing
Documents, in each case, on and subject to the terms hereof. 
 D. Pursuant to Section 5.6 of the Credit Agreement, no
Borrower will suffer or permit to occur any Change in Control with respect to itself, any Subsidiary or any Guarantor without the prior written consent of Agent and Required Lenders, as set forth more specifically in the Credit Agreement. 

E. Borrowers have requested, and Agent and the Lenders constituting not less than Required Lenders have agreed, to amend the
Original Credit Agreement to, among other things, (i) consent to the Merger and any Change in Control that may arise as a result of the Merger, (ii) join New Borrower to the Credit Agreement and (iii) amend certain terms of the
Original Credit Agreement related to the Merger, all in accordance with the terms and subject to the conditions set forth herein. 
  

 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing, the terms and conditions set forth in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, the Lenders and Borrowers hereby agree as follows: 

1. Recitals. This Agreement shall constitute a Financing Document and the Recitals and each reference to the
Credit Agreement, unless otherwise expressly noted, will be deemed to reference the Credit Agreement as amended hereby. The Recitals set forth above shall be construed as part of this Agreement as if set forth fully in the body of this Agreement and
capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (including those capitalized terms used in the Recitals hereto). 

2. Limited Consent. At the request of and as an accommodation to the Borrowers, subject to the terms and
conditions set forth herein, including, without limitation, the terms set forth in Section 9, Agent and the Lenders constituting not less than Required Lenders, (a) consent to the merger of Merger Sub with and into Mohawk upon the
consummation of the Merger, (b) notwithstanding the restrictions on Change in Control under Section 5.6 of the Credit Agreement, hereby consent to any Change in Control that may arise as a result of New Borrower’s acquisition of 100%
of the outstanding equity interests of Mohawk pursuant to the Merger Agreement and (c) consent to the joinder of the New Borrower to the Credit Agreement. The consent set forth in this Section 2 is effective solely for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (1) be a consent to any amendment, waiver or modification of any other term or condition of the Credit Agreement or of any other Financing Document;
(2) prejudice any right that Agent or the Lenders have or may have in the future under or in connection with the Credit Agreement or any other Financing Document; (3) constitute a consent to or waiver of any past, present or future Default
or Event of Default or other violation of any provisions of the Credit Agreement or any other Financing Documents, (4) create any obligation to forbear from taking any enforcement action, or to make any further extensions of credit or
(5) establish a custom or course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand. 

3. Joinder. Subject to the satisfaction of the conditions precedent set forth in Section 9 and immediately
following the consummation of the Merger: 
 (a) New Borrower hereby assumes the Obligations under the Credit Agreement and
joins in, adopts and becomes (i) a Borrower under the Credit Agreement, (ii) a Pledgor (as defined in the Pledge Agreement) under the Pledge Agreement, and (iii) party to the other Financing Documents applicable to it as a Borrower.
Each party hereto agrees that all references to “Borrower” or “Borrowers” contained in the Financing Documents are hereby deemed for all purposes to also refer to and include New Borrower as a Borrower, and New Borrower hereby
agrees to comply with all of the terms and conditions of the Financing Documents as if such New Borrower was an original signatory thereto. 

(b) Without limiting the generality of the provisions of subparagraph (a) above, each party agrees that the “Pledged
Collateral” (as defined in the Pledge Agreement) owned by New Borrower as of the date hereof and listed in Exhibit B shall be and become a part of the Pledged Collateral referred to in Pledge Agreement and shall secure all Obligations
referred to and in accordance with said Pledge Agreement. 
 4. Amendments to Original Credit Agreement.
Subject to the terms and conditions of this Agreement, including, without limitation, the conditions to effectiveness set forth in Section 9 below, the Original Credit Agreement is hereby amended as follows: 

  
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 (a) The following definitions are hereby added to Section 1.1 of the
Original Credit Agreement in their respective alphabetic order: 
 “Merger Agreement” has the meaning set
forth in the Third Amendment. 
 “Mohawk Holdco” means Mohawk Group Holdings, Inc., a Delaware corporation.

 “Registration Rights Agreement” means that certain Registration Rights Agreement dated as of
April 6, 2018, by and among Mohawk Holdco, the purchasers, brokers and other persons party thereto. 
 “Third
Amendment” means that certain Omnibus Consent, Joinder and Amendment No. 3 to Credit and Security Agreement, dated as of September 4, 2018, among Borrowers, Agent and Lenders party thereto. 

“Third Amendment Effective Date” means the first date on which all of the conditions set forth in
Section 9 of the Third Amendment are satisfied. 
 (b) The definition of “Change in Control” appearing
in Section 1.1 of the Original Credit Agreement is hereby amended and restated in its entirety as follows: 
 (c)
“Change in Control” means any of the following: (a) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 of the Securities
and Exchange Commission under the Securities Exchange Act of 1934), shall have acquired beneficial ownership of 25% or more on a fully diluted basis of the voting and/or economic interest in the Equity Interests of Mohawk Holdco after the Third
Amendment Effective Date; (b) a majority of the members of the board of directors or other equivalent governing body of Mohawk Holdco cease to be composed of individuals (i) who were members of that board or equivalent governing body on
the Third Amendment Effective Date, (ii) whose election, appointment or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election,
appointment or nomination at least a majority of that board or equivalent governing body or (iii) whose election, appointment or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses
(i) and (ii) above constituting at the time of such election, appointment or nomination at least a majority of that board or equivalent governing body of Mohawk Holdco; (c) Mohawk Holdco shall cease to, directly or indirectly, own and
control one hundred percent (100%) of each class of the outstanding Equity Interests of each Subsidiary of Mohawk Holdco (except to the extent any such Subsidiary becomes party to any merger or consolidation otherwise permitted pursuant to
Section 5.6); and (d) the occurrence of any “Change of Control”, “Change in Control” or terms of similar import under any document or instrument governing or relating to Debt of or equity in such Person. As used herein,
“beneficial ownership” shall have the meaning provided in Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934. 

(d) The definition of “Operative Documents” appearing in Section 1.1 of the Original Credit Agreement is
hereby amended by adding the words “, the Merger Agreement,” immediately following the words “the Financing Documents”. 

(e) A new Section 5.17 is hereby added to the Original Credit Agreement in appropriate numerical order, as follows: 

  
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 “Section 5.17 Registration Events. No Borrower will
permit a “Registration Event” (as such term is defined in Registration Rights Agreement) to occur. 
 (f) A new
Section 5.18 is hereby added to the Original Credit Agreement in appropriate numerical order, as follows: 

“Section 5.18 Mohawk Holdco. Mohawk Holdco will not incur or permit to exist any Debt nor grant or permit to
exist any Liens upon any of its properties or assets nor engage in any operations, business or activity other than (i) owning 100% of the equity interests of Mohawk Parent and all operations incidental thereto, (ii) granting a security
interest in all its assets to Agent, for the benefit of the Lenders and other Permitted Liens, (iii) executing and performing its obligations under the Operative Documents to which it is a party, (iv) fulfilling its obligations under the
Operative Documents to which it is a party, (v) performing administrative, governance and supervisory functions in connection with the operation of the business of its Subsidiaries, (vi) issuing equity interests, including without
limitation pursuant to stock option plans, (v) the Debt and obligations under the Operative Documents, (vi) the maintenance of its corporate existence and corporate governance and other activities reasonably incidental thereto and
(vii) guarantees of obligations of Subsidiaries to the extent permitted by this Agreement.” 
 (g) Attached hereto
as Exhibit C are supplements to the Schedules to the Original Credit Agreement and setting forth the relevant information with respect to New Borrower which are added to the information set forth on Schedules to the Original Credit Agreement
to which they apply and shall be deemed attached thereto and become a part thereof. 
 5. Amendment to Pledge
Agreement. Each Borrower, including New Borrower, hereby agrees that the schedules attached hereto as Exhibit B are true and correct as of the date hereof and reflect the joinder of New Borrower as a Pledgor under the Pledge Agreement
and shall be deemed to be added to the schedules of the same number in the Pledge Agreement and shall be deemed attached thereto and become a part thereof.  

6. Grant of Security Interest. Consistent with the intent of the parties and in consideration of the
accommodations set forth herein, as further security for the prompt payment in full of all Obligations, and without limiting any other grant of a Lien and security interest in a Security Document, New Borrower hereby collaterally assigns and grants
to Agent, for the benefit of itself and Lenders, and subject only to Permitted Liens, a continuing first priority Lien on and security interest in, upon, and to all of New Borrower’s right, title and interest in and to all of such New
Borrower’s assets, including without limitation, all of such New Borrower’s right, title, and interest in and to the following, whether now owned or hereafter created, acquired or arising: 

(a) all goods, Accounts (including health-care insurance receivables), Equipment, Inventory, contract rights or rights to
payment of money, leases, license agreements, franchise agreements, General Intangibles, commercial tort claims (including each such claim listed on Schedule 9.2(d)), documents, instruments (including any promissory notes), chattel paper (whether
tangible or electronic), cash, deposit accounts, securities accounts, fixtures, letter of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property, supporting obligations, and
financial assets, whether now owned or hereafter acquired, wherever located, 
 (b) all of New Borrower’s books and
records relating to any of the foregoing; and 

  
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 (c) any and all claims, rights and interests in any of the above and all
substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 

Notwithstanding the foregoing, the Collateral shall not, at any time, include more than 65% the voting capital stock of any
first tier Restricted Foreign Subsidiary; provided that immediately upon any amendment of the Code that would allow the pledge of a greater percentage of such voting stock without material adverse tax consequences to such Borrower (including
without limitation non-recognition of income if and to the extent the first tier Foreign Subsidiary has earnings and profits in any year following such amendment), “Collateral” shall automatically
and without further action required by, and without notice to, any Person include such greater percentage of voting stock of such first tier Restricted Foreign Subsidiary from that time forward. 

New Borrower hereby authorizes Agent to file UCC-1 financing statements against New
Borrower covering the Collateral owned by New Borrower in such jurisdictions as Agent shall deem necessary, prudent or desirable to perfect and protect the liens and security interests granted to Agent hereunder. 

7. Representations and Warranties; Reaffirmation of Security Interest; Updated Schedules. Each Borrower
hereby (a) confirms that all of the representations and warranties set forth in the Credit Agreement are true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty)
with respect to such Borrower as of the date hereof except to the extent that any such representation or warranty relates to a specific date in which case such representation or warranty shall be true and correct in all material respects as of such
earlier date, and (b) covenants to perform its respective obligations under the Credit Agreement.    Each Borrower confirms and agrees that all security interests and Liens granted to Agent continue in full force and effect,
and all Collateral remains free and clear of any Liens, other than Permitted Liens. Nothing herein is intended to impair or limit the validity, priority or extent of Agent’s security interests in and Liens on the Collateral. Each Borrower
acknowledges and agrees that the Credit Agreement, the other Financing Documents and this Agreement constitute the legal, valid and binding obligation of such Borrower, and are enforceable against such Borrower in accordance with its terms, except
as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles.  

8. Costs and Fees.  

(a) In consideration of Agent’s agreement to enter into this Agreement, Borrowers agree to pay Agent, for the benefit of
all Lenders, an amendment fee in the amount of $50,000 (the “Amendment Fee”). The Amendment Fee shall be due and payable on the Third Amendment Effective Date and, once paid, is
non-refundable. If the Amendment Fee is not paid when due, Borrowers hereby authorize Agent to deduct all of such fees set forth in this Section 8(a) from the proceeds of one or more Revolving Loans made
under the Credit Agreement.  
 (b) Borrowers shall be responsible for the payment of all reasonable and documented out-of-pocket costs and fees of Agent’s counsel incurred in connection with the preparation of this Agreement and any related documents. If Agent or any Lender uses in-house counsel for any of these purposes, Borrowers further agree that the Obligations include reasonable charges for such work commensurate with the fees that would otherwise be charged by outside legal counsel
selected by Agent or such Lender for the work performed.  
 9. Conditions to Effectiveness.
This Agreement shall become effective as of the date on which Agent has received each agreement, document and instrument set forth on the closing 

  
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 checklist prepared by Agent or its counsel, each in form and substance satisfactory to
Agent, including the satisfaction of the following conditions precedent, each to the satisfaction of Agent in its sole discretion:  

(a) Borrowers shall have delivered to Agent this Agreement, duly executed by an authorized officer of each
Borrower; 
 (b) Agent shall have received executed copies of the Merger Agreement and all other material
agreements, documents or instruments pursuant to which the Merger is to be consummated, any schedules to such agreements, documents or instruments and all other material ancillary agreements, instruments and documents to be executed or delivered in
connection therewith, and, to the extent required to be completed prior to the closing of such Merger under the related acquisition agreement, all required regulatory and third party approvals and copies of any environmental assessments; 

(c) the Merger has been consummated (i) in all material respects in accordance with the terms of the
Merger Agreement, (ii) in accordance with applicable Law (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(d) the Merger is not hostile and, if applicable, shall have been approved by the board of directors (or other
similar body) and/or the stockholders or other equity holders of New Borrower (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(e) no Debt or Liens are assumed or created in connection with the Merger (and such parties’ delivery of
their respective signatures hereto shall be deemed to be its certification thereof); 
 (f) Agent shall have
received a duly executed legal opinion of New Borrower’s counsel, addressed to Agent and Lenders, addressing matters Agent may reasonably request; 

(g) Borrowers shall have delivered such other documents, information, certificates, records, permits, and
filings as the Agent may reasonably request, including, without limitation, any agreements, instruments and other documents necessary to ensure that Agent receives a perfected Lien in all entities and assets acquired in connection with the Merger to
the extent required by the Credit Agreement; 
 (h) all of the representations and warranties of Borrowers
set forth in the herein and in the other Financing Documents are true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) with respect to such Borrower as of the date
hereof except to the extent that any such representation or warranty relates to a specific date in which case such representations and warranties were true and correct in all material respects (without duplication of any materiality qualifier in the
text of such representation or warranty) on and as of such date (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(i) no Default or Event of Default shall exist under any of the Financing Documents (and such parties’
delivery of their respective signatures hereto shall be deemed to be its certification thereof); and 
 (j)
Agent shall have received from Borrowers all of the fees owing pursuant to this Agreement, including pursuant to Section 8(a). 

10. Conditions Subsequent. 

(a) On or prior to the date which is 60 days following the Effective Date (as such term is defined in Registration Rights
Agreement) Borrowers shall deliver to Agent evidence satisfactory 

  
 6 

 
to Agent that Borrowers have filed with the SEC a Registration Statement on Form S-1 with respect to the Registrable Shares (as such term is defined in the
Registration Rights Agreement)(the “Registration Statement”) and have otherwise complied with the terms of Section 3(a)(i) of the Registration Rights Agreement. 

(b) Immediately following such declaration (but in any event no later than 135 days after the SEC Filing Date (as such term is
defined in the Registration Rights Agreement), Borrowers shall deliver to Agent evidence satisfactory to Agent that the Registration Statement has been declared effective by the SEC. 

(c) On or prior to the date which is 15 days following the Third Amendment Effective Date (or such longer period as Agent may
agree in its sole discretion) Borrowers shall deliver to Agent an opinion as to matters of Maryland law in form and substance satisfactory to Agent in its reasonable discretion. 

(d) On or prior to the date which is 10 days following the Third Amendment Effective Date (or such longer period as Agent may
agree in its sole discretion) Borrowers shall deliver to Agent the original stock certificate evidencing New Borrower’s ownership of Mohawk and the corresponding original stock power related thereto. 

(e) Each Borrower hereby agrees that failure to comply with the requirements set forth in Sections 10(a), 10(b) and 10(c) shall
constitute an immediate and automatic Event of Default. 
 11. Release. In consideration of the agreements of
Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower, voluntarily, knowingly, unconditionally and irrevocably, with specific and express intent,
for and on behalf of itself and all of its respective parents, subsidiaries, affiliates, members, managers, predecessors, successors, and assigns, and each of their respective current and former directors, officers, shareholders, agents, and
employees, and each of their respective predecessors, successors, heirs, and assigns (individually and collectively, the “Releasing Parties”) does hereby fully and completely release, acquit and forever discharge each of Agent,
Lenders, and each their respective parents, subsidiaries, affiliates, members, managers, shareholders, directors, officers and employees, and each of their respective predecessors, successors, heirs, and assigns (individually and collectively, the
“Released Parties”), of and from any and all actions, causes of action, suits, debts, disputes, damages, claims, obligations, liabilities, costs, expenses and demands of any kind whatsoever, at law or in equity, whether matured or
unmatured, liquidated or unliquidated, vested or contingent, choate or inchoate, known or unknown that the Releasing Parties (or any of them) has against the Released Parties or any of them (whether directly or indirectly), based in whole or in part
on facts, whether or not now known, existing on or before the Third Amendment Effective Date, that relate to, arise out of or otherwise are in connection with: (i) any or all of the Financing Documents or transactions contemplated thereby or
any actions or omissions in connection therewith or (ii) any aspect of the dealings or relationships between or among any or all of the Borrowers, on the one hand, and any or all of the Released Parties, on the other hand, relating to any or
all of the documents, transactions, actions or omissions referenced in clause (i) hereof. Each Borrower acknowledges that the foregoing release is a material inducement to Agent’s and Lender’s decision to enter into this Agreement and
agree to the modifications contemplated hereunder, and has been relied upon by Agent and Lenders in connection therewith.  

12. No Waiver or Novation. The execution, delivery and effectiveness of this Agreement shall not, except as expressly
provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Credit Agreement, the Financing Documents or any other documents, instruments and agreements executed or
delivered in connection with any of the foregoing. Nothing herein is intended or shall be construed as a waiver of any existing 

  
 7 

 Defaults or Events of Default under the Credit Agreement or the other Financing Documents or
any of Agent’s rights and remedies in respect of such Defaults or Events of Default. This Agreement (together with any other document executed in connection herewith) is not intended to be, nor shall it be construed as, a novation of the Credit
Agreement. 
 13. Confidentiality. No Borrower will disclose the contents of this Agreement, the Credit
Agreement or any of the other Financing Documents to any third party (other than to such Borrower’s current and prospective direct and indirect financing sources, acquirors and holders of Debt of Credit Parties and the Credit Parties’
direct and indirect equityholders, and its and their respective attorneys, advisors, directors, managers and officers on a need-to-know basis or as otherwise may be
required by law or in connection with the resolution of a dispute brought hereunder involving a Credit Party and any of Agent, any Lender, any Participant) without Agent’s prior written consent. Each Borrower agrees to inform all such persons
who receive information concerning this Agreement, the Credit Agreement and the other Financing Documents that such information is confidential and may not be disclosed to any other person except as may be required by Law, including to any court or
regulatory agency having jurisdiction over such Borrower, any Lender or the Agent.  
 14. Affirmation.
Except as specifically amended pursuant to the terms hereof, each Borrower hereby acknowledges and agrees that the Credit Agreement and all other Financing Documents (and all covenants, terms, conditions and agreements therein) shall remain in
full force and effect, and are hereby ratified and confirmed in all respects by such Borrower. Each Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit Agreement and the Financing Documents,
notwithstanding any prior course of conduct, waivers, releases or other actions or inactions on Agent’s or any Lender’s part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and
conditions. 
 15. Miscellaneous.  

(a) Reference to the Effect on the Credit Agreement. Upon the effectiveness of this Agreement, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically
amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower. 

(b) GOVERNING LAW. THIS AGREEMENT AND EACH OTHER FINANCING DOCUMENT, AND ALL MATTERS RELATING HERETO OR THERETO OR
ARISING THEREFROM (WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE), SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MARYLAND, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

(c) Incorporation of Credit Agreement Provisions. The provisions contained in Section 11.6
(Indemnification), Section 12.8 (Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.

 (d) Headings. Section headings in this Agreement are included for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose. 
 (e) Counterparts. This Agreement may be signed in any
number of counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and 

  
 8 

 the same instrument. Delivery of an executed counterpart of this Agreement by facsimile or
by electronic mail delivery of an electronic version (e.g., .pdf or .tif file) of an executed signature page shall be effective as delivery of an original executed counterpart hereof and shall bind the parties hereto. 

(f) Entire Agreement. The Credit Agreement, as amended hereby, and the other Financing Documents constitute the entire
agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

(g) Severability. In case any provision of or obligation under this Agreement shall be invalid, illegal or unenforceable
in any applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

(h) Successors/Assigns. This Agreement shall bind, and the rights hereunder shall inure to, the respective successors
and assigns of the parties hereto, subject to the provisions of the Credit Agreement and the other Financing Documents. 
 [SIGNATURES APPEAR
ON FOLLOWING PAGES] 

  
 9 

 IN WITNESS WHEREOF, intending to be legally bound, and intending that this
document constitute an agreement executed under seal, the undersigned have executed this Agreement under seal as of the day and year first hereinabove set forth. 
  

							
	 AGENT:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

 [Signatures Continue on Following Page] 

					
	ORIGINAL BORROWERS:	 	MOHAWK GROUP, INC.
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

		
		 	XTAVA LLC
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                           (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

		
		 	SUNLABZ LLC
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

		
		 	RIF6 LLC
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                           (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

		
		 	VREMI LLC
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

		
		 	HOMELABS LLC
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                           (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title:   Chief Financial Officer

							
		 	VIDAZEN LLC	 	
				
		 	 By:
	 	 /s/ Fabrice Hamaide
	 	 (SEAL)

		 	 Name: Fabrice Hamaide
	 	
		 	Title: Chief Financial Officer	 	
			
		 	 URBAN SOURCE LLC 
	 	
				
		 	 By:
	 	 /s/ Fabrice Hamaide
	 	 (SEAL)

		 	Name: Fabrice Hamaide	 	
		 	 Title: Chief Financial Officer
	 	
			
		 	 ZEPHYRBEAUTY LLC
	 	
				
		 	 By:
	 	 /s/ Fabrice
Hamaide
	 	 (SEAL)

		 	 Name: Fabrice Hamaide
	 	
		 	 Title: Chief Financial Officer
	 	
			
		 	 DISCOCART LLC
	 	
				
		 	 By:
	 	 /s/ Fabrice Hamaide
	 	 (SEAL)

		 	 Name: Fabrice Hamaide
	 	
		 	 Title: Chief Financial Officer
	 	
			
		 	VUETI LLC	 	
				
		 	 By:
	 	 /s/ Fabrice Hamaide
	 	 (SEAL)

		 	 Name: Fabrice Hamaide
	 	
		 	 Title: Chief Financial Officer
	 	
			
		 	 PUNCHED LLC
	 	
				
		 	 By:
	 	 /s/ Fabrice Hamaide
	 	 (SEAL)

		 	 Name: Fabrice Hamaide
	 	
		 	 Title: Chief Financial Officer
	 	

					
		 	 SWEETHOMEDEALZ LLC

			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

		
		 	 KITCHENVOX LLC 

					
			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

		
		 	 EXORIDER LLC

			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

		
		 	 KINETIC WAVE LLC

			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

		
		 	 3GIRLSFROMNY LLC 

			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

		
		 	 CHICALLEY LLC

			
		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 	 Name: Fabrice Hamaide

		 	 Title: Chief Financial Officer

							
		 		 	 BOXWHALE, LLC

				
		 		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                           (SEAL)

		 		 	 Name: Fabrice Hamaide

		 		 	 Title: Chief Financial Officer

			
	 NEW BORROWER:
	 		 	 MOHAWK GROUP HOLDINGS, INC.

				
		 		 	 By:
	 	 /s/ Fabrice Hamaide
                                         
                             (SEAL)

		 		 	 Name: Fabrice Hamaide

		 		 	 Title: Chief Financial OfficerEX-10.10

 Exhibit 10.10 

MOHAWK GROUP, INC. 

TRANSACTION BONUS PLAN 
 1.
PURPOSES. 
 (a) The purpose of this Mohawk Group, Inc. Transaction Bonus Plan (this
“Plan”) is to provide a means by which select Employees of Mohawk Group, Inc. (the “Company”) and its Subsidiaries may be given incentives to remain with the Company and its Subsidiaries through a liquidity
transaction. 
 (b) The Company hereby seeks to retain the services of persons who are now, or who become, Employees of the Company and its
Subsidiaries and to provide incentives for such persons to exert maximum efforts for the success of the Company. 
 2.
DEFINITIONS. 
 (a) “Administrator” means (i) prior to a Sale of the Company, the
Company’s Board of Directors, and (ii) after a Sale of the Company, the entity designated in the Purchase Agreement to act as the representative of the Company’s stockholders under the Purchase Agreement (and in the absence of such a
designation, the Chairman of the Company’s Board of Directors as of immediately prior to the Sale of the Company). 
 (b) “Award
Agreement” has the meaning set forth in Section 5(a) of this Plan. 
 (c) “Cause” shall mean, after the
Effective Date: 
 (1) the Participant has been convicted of, pled guilty or no contest to or entered into a plea agreement
with respect to (x) any felony (under the laws of the United States, any relevant state, or the equivalent of a felony in any international jurisdiction in which the Company does business) or (y) any crime involving dishonesty or moral
turpitude; 
 (2) the Participant has engaged in (A) any willful misconduct (including any violation of federal
securities laws) or gross negligence, or (B) any act of dishonesty, violence or threat of violence, in each case with respect to this clause (B), that would reasonably be expected to result in a material injury to the Corporation; 

(3) the Participant willfully fails to perform the Participant’s duties to the Company and/or willfully fails to comply
with lawful directives of the Company’s board of directors; or 
 (4) the Participant materially breaches any material
contract to which the Participant and the Company are parties; 
 provided that, with respect to clause (4) and if the event
giving rise to the claim of Cause is curable, the Company provides written notice to the Participant of the event within thirty (30) days of the Company learning of the occurrence of such event, and such Cause event remains uncured thirty
(30) days after the Company has provided such written 

 
notice; provided further that any termination of the Participant’s employment or service for “Cause” with respect to clause (4) occurs no later
than thirty (30) days following the expiration of such cure period. 
 (d) “Closing” means the closing of the first to
occur of (i) a Sale of the Company, or (ii) a Qualified IPO. 
 (e) “Code” means the Internal Revenue Code of
1986, as amended, and the regulations promulgated thereunder. 
 (f) “Company” has the meaning set forth in Section 1
of this Plan. 
 (g) “Disability” means, with respect to a Participant, if (a) the Participant is rendered incapable
because of physical or mental illness of satisfactorily discharging his/her duties and responsibilities to the Company for a period of 90 consecutive days and (b) a duly qualified physician chosen by the Company and reasonably acceptable to the
Participant or his/her legal representatives so certifies in writing. 
 (h) “Effective Date” has the meaning set forth in
Section 4 of this Plan. 
 (i) “Employee” means any full-time employee or independent contractor/consultant of the
Company or a Company Subsidiary who has been employed or otherwise under contract by the Company or a Company Subsidiary for at least three months. 

(j) “Good Reason” shall mean, after the Effective Date: 

(1) a material diminution in the nature or scope of the Participant’s responsibilities, duties or authority; 

(2) the Company’s material breach of any material contract to which the Participant and the Company are parties; 

(3) the Company’s relocation of the Participant’s principal place of employment more than fifty (50) miles from
the prior location; or 
 (4) a reduction in the Participant’s base salary or target incentive bonus other than, for
both base salary and target incentive bonus individually, a one-time reduction of not more than ten percent (10%) that also is applied to substantially all executive officers of the Company; 

provided that, in any such case, the Participant provides written notice to the Company of the event giving rise to such claim of
Good Reason within thirty (30) days after the Participant learns of the occurrence of such event, and such Good Reason event remains uncured thirty (30) days after the Participant has provided such written notice;
provided further that any resignation of the Participant’s employment or service for “Good Reason” occurs no later than thirty (30) days following the expiration of such cure period. 

  
 2 

 (k) “Involuntary Termination” means, with respect to a Participant, a
termination of the Participant’s employment or service by the Company or a Company Subsidiary without Cause, the Participant’s resignation for Good Reason, or the termination of the Participant’s employment or service with the Company
and its Subsidiaries due to death or Disability. 
 (l) “Participant” means any Employee who holds outstanding Participation
Units. 
 (m) “Participation Percentage” with respect to a Participant means, on the date of determination, the number of
Participation Units held by the Participant divided by the total number of then outstanding Participation Units. 
 (n)
“Participation Unit” means a bookkeeping entry representing a potential right to receive a payment under this Plan. 
 (o)
“Plan” has the meaning set forth in Section 1(a) of this Plan. 
 (p) “Plan Pool” has the meaning set
forth in Section 4 of this Plan. 
 (q) “Purchase Agreement” means the definitive purchase agreement, agreement and
plan of merger or similar agreement entered into with respect to the Sale of the Company. 
 (r) “Qualified IPO” means
either (i) a firm commitment underwritten public offering (“Underwritten Offering”) pursuant to an effective registration statement filed under the Securities Act of 1933, as amended, covering the offer and sale of the
Company’s common stock or (ii) a transaction pursuant to which the Company reverse merges directly or indirectly with a publicly listed special purpose acquisition company (“Reverse Merger”), and in each case, provided
that in connection with such offering or transaction, the Company’s common stock, or the common stock issued in connection with a Reverse Merger, is listed for trading on The Nasdaq Stock Market LLC, the New York Stock Exchange or another
exchange or marketplace approved by the Administrator, and provided further that the aggregate gross proceeds to the Company or any affiliate thereof in connection with an Underwritten Offering or Reverse Merger are not less than $50,000,000. 

(s) “Sale of the Company” means (i) the accumulation, by means of any transaction or series of related transactions,
whether directly or indirectly, beneficially or of record, by any individual and/or entity of more than 50% the outstanding shares of common stock of the Company, whether by merger, consolidation, sale or other transfer of shares of the
Company’s common stock, so long as the Company’s holders of common stock as of the Effective Date, immediately after such transaction or series of transactions, hold less than 50% of the common stock of the Company or the voting securities
of the surviving or acquiring entity or (ii) a sale of all or substantially all of the assets of the Company, which may include a license transaction; provided, however, that, unless a Qualified IPO has occurred, a transaction shall be a Sale
of the Company only if such transaction is a change in the ownership of the Company or a change in the ownership of a substantial portion of the assets of the Company such that the Sale of the Company is a permissible payment under Treasury
Regulation 1.409A-3(a)(5). 

  
 3 

 3. ADMINISTRATION. 

(a) This Plan shall be interpreted and administered by the Administrator, whose actions shall be final and binding on all persons, including
Participants. 
 (b) The Administrator, in his, her or its sole but reasonable discretion, shall have the power, subject to, and within the
limitations of, the express provisions of this Plan: 
 (1) To determine whether a transaction or related series of transactions constitutes
a Sale of the Company or a Qualified IPO; 
 (2) To determine whether any individual has status as a Participant, the number of Participation
Units to be granted to a Participant (provided, however, no more than 10,000 Participation Units may be granted under this Plan and any grant of Participation Units must be unanimously approved by the Administrator), and whether a Participant is
entitled to payment hereunder; 
 (3) To determine the amount of any payment to be made under this Plan and to make all other calculations
and determinations to be made by the Administrator under this Plan (including, without limitation, any calculations and determinations of any amounts or items set forth in Schedule 1 hereto); 

(4) To determine for a Participant, at the time of grant, any additional terms and conditions of participation in this Plan not inconsistent
with the terms of this Plan, which such additional terms and conditions shall be set forth in the Award Agreement. 
 (5) To take all other
action as may be required hereunder; and 
 (6) To interpret this Plan. 

Each action, interpretation, and determination by the Administrator shall be binding on all Participants (as applicable). Action by the
Administrator approving and effecting a grant of Participation Units may be evidenced by an Award Agreement signed by the Administrator or the Company’s CEO. 

4. EFFECTIVE DATE OF THIS PLAN; ESTABLISHMENT OF
PLAN POOL. 
 (a) This Plan is effective as of July 9, 2018 (the “Effective
Date”). 
 (b) The Plan Pool shall initially be $0 and shall be deemed funded following the Closing pursuant to the funding
mechanics set forth on Schedule 1 (including, without limitation, the funding medium set forth therein). Correspondingly, the Plan Pool shall be deemed reduced as amounts are paid to Participants under this Plan. 

5. ALLOCATION OF PLAN POOL AND VESTING. 

(a) Each award granted by the Administrator under this Plan to a Participant will represent a contractual right to receive, subject to the
terms and conditions of this Plan and the 

  
 4 

 
applicable award agreement evidencing such grant (an “Award Agreement”), payments under this Plan in accordance with the terms and conditions of this Plan. 

(b) The number of Participation Units granted to each Participant shall be set forth in the Participant’s Award Agreement. 

(c) Participation Units may be granted at any time on or before the Closing. Following the Closing, no additional Participation Units may be
granted. 
 (d) The Participation Units granted to any one Participant shall vest in accordance with the following vesting schedule: 

(1) Participation Units shall be deemed vested in nine (9) substantially equal monthly installments on each of the nine (9) monthly
anniversaries of the date of grant, subject to the Participant’s continued employment with the Company or a Company Subsidiary; 
 (2)
Participation Units shall immediately and fully vest upon the occurrence of the Closing if the Participant’s employment or service to the Company and its Subsidiaries had not previously terminated; 

(3) In the event of a Participant’s Involuntary Termination prior to the Closing: 

(1) such Participant’s Participation Units shall immediately and fully vest if the Involuntary Termination was not
unanimously approved by the Administrator; or 
 (2) such Participant’s Participation Units shall vest to the extent
deemed vested if the Involuntary Termination was unanimously approved by the Administrator. 
 (e) Upon the Closing, (1) unvested
Participation Units held by a Participant whose employment or service to the Company was previously terminated, shall be forfeited for no consideration (but only after giving effect to any vesting pursuant to the foregoing clause (d)), and
(2) all Participation Units held by a Participant whose employment previously was terminated for any reason other than an Involuntary Termination shall be forfeited for no consideration. Units forfeited pursuant to the preceding sentence shall
be distributed pro rata to the remaining Participants based on the number of Participation Units each such Participant then holds. 
 6.
PAYMENT/DISTRIBUTIONS – QUALIFIED IPO. 
 (a) Following a Qualified IPO, a
Participant shall be entitled to a payments and distributions under this Plan as follows: 
 (1) On each of the first four six-month anniversaries of the Qualified IPO (i.e., at month 6, month 12, month 18, and month 24, each such date, an “IPO Payment Date”), a Participant shall be entitled to 25% of the
Participant’s Participation Percentage of the Plan Pool; 

  
 5 

 (2) In the event of a Participant’s Involuntary Termination, (i) before the
Qualified IPO, the Participant shall be paid the Participant’s then unpaid Participation Percentage of the Plan Pool on the 45th day following the Qualified IPO (but only after giving effect to any vesting pursuant to Section 5(d)) or,
(ii) after the Qualified IPO, on the date of the Participant’s Involuntary Termination. 
 (b) Notwithstanding any contrary
provision herein, in the event of a termination of Participant’s employment or service following a Qualified IPO other than due to an Involuntary Termination (i.e. voluntary resignation), such Participant’s Participation Units shall be
forfeited for no consideration and amounts remaining to be paid in respect of such Participation Units shall instead be added back to the Plan Pool and shall be paid proportionally to remaining Participants in respect of outstanding Participation
Units, with such payment to any one Participant to be paid proportionally on the remaining IPO Payment Dates or, if earlier, upon the Participant’s Involuntary Termination. 

(c) With respect to any one Participant, following a Qualified IPO, cash payments shall be made first in time, with any non-cash consideration to be paid under the Plan to be paid only after the Participant has been paid all cash consideration the Participant is entitled to receive. Notwithstanding the foregoing, the Administrator
may provide that equivalent cash payment shall be provided in lieu of fractional shares of Company common stock, with the amount of such fractional cash payment determined based on closing price share value on the last trading day immediately prior
to the date of applicable payment. 
 7. PAYMENT/DISTRIBUTIONS – SALE OF
THE COMPANY. 
 Following a Sale of the Company, a Participant who held vested units as of
the Closing (including pursuant to vesting under Section 5(d)) shall be entitled to payments and distributions under this Plan as the Plan Pool is deemed funded, but only through the fifth anniversary of the Closing. Upon each deemed funding
date or event, a Participant shall be paid his or her Participation Percentage of the Plan Pool. 
 8. MISCELLANEOUS
PROVISIONS 
 (a) Payment Rounding. All payments provided under this Plan shall be rounded
down to the nearest whole cent. 
 (b) Tax Withholding. As a condition to receipt of any payment under this Plan, a Participant
must make arrangements reasonably acceptable to the Company to satisfy applicable tax withholding. With respect to cash payments, the Company shall be permitted to deduct applicable withholding from the cash payment. With respect to non-cash payments, in the event a Participant does not make arrangements to satisfy applicable withholding within ten (10) business days following written request of the Company (which such request can be made
no earlier than fifteen (15) business days prior to the applicable payment), the Participant shall forfeit the applicable payment. 

(c) Release of Claims. Notwithstanding any contrary provision herein, all payments hereunder due to a Participant on or following
the Participant’s Involuntary Termination are subject to the Participant (or the Participant’s estate, as applicable) executing and not revoking 

  
 6 

 
the Company’s standard form of general release of all claims, such that the release becomes irrevocably effective within sixty (60) days following the Involuntary Termination. Amounts
shall accrue until such release becomes fully and irrevocably effective, with accrued amounts paid once the release becomes fully and irrevocably effective; provided, however, in the event the foregoing 60-day
period spans two calendar years, in no event will any payment be made in respect of the Participant’s Participation Units prior to January 1 of the second calendar year. Amounts forfeited as a result of failure to satisfy the foregoing
release condition shall be distributed pro rata to the remaining Participants based on the number of Participation Units each such Participant then holds. 

9. AMENDMENT AND TERMINATION OF THIS PLAN.

 (a) The Administrator may terminate or amend this Plan only with the prior written consent of (i) Participants holding at least 70%
of the Participation Units outstanding at that time and (ii) the Administrator. 
 (b) This Plan shall automatically terminate upon the
payment or distribution of all amounts owed to Participants under this Plan and the applicable Award Agreements. 
 (c) This Plan shall
automatically terminate on the 3rd anniversary of the Effective Date if a Closing does not occur prior to such anniversary. 
 10. NO
GUARANTEE OF FUTURE SERVICE. 
 Nothing in this Plan shall
provide any guarantee or promise of continued service of a Participant with the Company. Subject to the rights of Participants as otherwise set forth herein, the Company retains the right to terminate the employment of any Participant at any time,
with or without cause, for any reason or no reason, except as may be restricted by law or contract. 
 11.
SECTION 409A COMPLIANCE. 
 Notwithstanding
other provisions of this Plan, it is intended that no payment be provided under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. In the event that it is reasonably
determined by the Administrator that, as a result of Section 409A of the Code, payments under this Plan may not be made at the time contemplated by the terms of this Plan without causing the Participant to be subject to taxation under
Section 409A of the Code, the Company will make a reasonable effort in good faith so that the Participant will not incur any tax liability under Section 409A of the Code; provided that neither the Company nor any Subsidiary thereof
nor any of their respective owners, directors, officers, employees or representatives shall have any liability to Participants with respect to this Section 11. Each payment in a stream of payments shall be deemed a separate payment for purposes
of Section 409A of the Code. 
 Accordingly, and notwithstanding any contrary provision of this Plan: 

(a) if a Participant’s termination of employment is not a “Separation from Service” within the meaning of
Section 409A of the Code and the regulations and other published guidance thereunder (including §1.409A-1(h)), then, if required in order to 

  
 7 

 
comply with the provisions of Section 409A of the Code, payments to the Participant hereunder shall be delayed until such a Separation from Service occurs; and 

(b) If a Participant is a “Specified Employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code on the
date of the Participant’s Separation from Service (the “Separation Date”), then no payment of non-qualified deferred compensation (within the meaning of Section 409A of the Code)
otherwise to be made as a result of the Participant’s Separation from Service shall be made or commence during the period beginning on the Separation Date and ending on the date that is six months following the Separation Date or, if earlier,
on the date of the Participant’s death. The amount of any payment that would otherwise be paid to the Participant during this period shall instead be paid to the Participant on the first day of the first calendar month following the end of such
six-month period. 
 12. FUNDING. 

This Plan is intended to constitute an “unfunded” program for incentive compensation, and no amounts shall be set aside to fund any
payments hereunder prior to a Closing. The Company’s obligations under this Plan are unfunded and unsecured, and the Participants have no rights other than those of general unsecured creditors of the Company with respect to any payment
hereunder. 
 13. NO ASSIGNMENT OF BENEFITS. 

Except as otherwise determined by the Administrator in its sole discretion, benefits under this Plan are not assignable or transferable by
Participants before they are paid. Benefits will be paid only to the Participants who are entitled to receive them under this Plan. Notwithstanding the foregoing, in the event of the death of a Participant, payments that otherwise would have been
made to the Participant shall instead be provided to the Participant’s estate. 
 14. CHOICE OF
LAW. 
 All questions concerning the construction, validity and interpretation of this Plan will be
governed by the law of the State of Delaware, applicable to contracts to be executed and performed entirely therein, regardless of the laws of any other jurisdiction that might otherwise govern due to applicable conflicts of laws principles. 

15. ARBITRATION. 

Any controversy arising out of or relating to this Plan and/or an Award Agreement, their enforcement or interpretation, or because of an
alleged breach, default, or misrepresentation in connection with any of their provisions, or any other controversy arising out of or related to the Award, including, but not limited to, any state or federal statutory claims, shall be submitted to
arbitration in Manhattan, New York, before a panel of three arbitrators (the “Panel”), selected from Judicial Arbitration and Mediation Services, Inc., or its successor (“JAMS”), or if JAMS is no longer able to
supply the Panel, such Panel shall be selected from the American Arbitration Association; provided, however, that provisional injunctive relief may, but need not, be sought by either party to this Award Agreement, without proof of
damages or the posting of bond, in a 

  
 8 

 
court of law while arbitration proceedings are pending, and any provisional injunctive relief granted by such court shall remain effective until the matter is finally determined by the Panel.
Final resolution of any dispute through arbitration may include any remedy or relief which the Panel deems just and equitable, including any and all remedies provided by applicable state or federal statutes. At the conclusion of the arbitration, the
Panel shall issue a written decision that sets forth the essential findings and conclusions upon which the arbitrator’s award or decision is based. Any award or relief granted by the Panel hereunder shall be final and binding on the parties
hereto and may be enforced by any court of competent jurisdiction. The parties acknowledge and agree that they are hereby waiving any rights to trial by jury in any action, proceeding or counterclaim brought by either of the parties against the
other in connection with any matter whatsoever arising out of or in any way connected with any of the matters referenced in the first sentence above. The parties agree that the Company shall be responsible for payment of the forum costs of any
arbitration hereunder, including the arbitration fees. The parties further agree that in any proceeding with respect to such matters, each party shall bear its own attorney’s fees and costs (other than forum costs associated with the
arbitration) incurred by it, him or her in connection with the resolution of the dispute. Each party will select one arbitrator and the two selected arbitrators will select the third arbitrator. 

16. HEADINGS. 

The headings in this Plan are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning
hereof. 
 17. SUCCESSORS. 

This Plan shall be binding on all successors to the Company or the Company’s business pursuant to a Sale of the Company.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 9 

 SCHEDULE 1 

ACQUISITION POOL SCHEDULE 
 Fund of Plan
Pool 
 The Plan Pool shall be determined as follows: 
  

	 	•	 	 5% of Value (defined below) if total Value is below the historical total amount invested in respect of preferred
equity (determined as of the Closing) (“Level 1”); 

  

	 	•	 	 10% of total Value if total Value equals or exceeds Level 1 and is below a Value of $300,000,000
(“Level 2”); and 

  

	 	•	 	 15% of total Value if Value equals or exceeds $300,000,000; 

provided, however, that, following a Sale of the Company, the Plan Pool shall be deemed funded only as amounts are paid to shareholders. If
any release of funds is not sufficient to fully fund the Plan Pool, the Plan Pool will be reduced to such level as results from 100% of released funds being allocated to the Plan Pool (with an applicable funding
catch-up in the event of a subsequent release of funds). 
 In the event the Closing is due to a Qualified IPO,
“Value” shall be either (i) the Company’s market capitalization using the 30-day average VWAP for the 30 days immediately following, and inclusive of, the date of the Qualified IPO
in the case of an Underwritten Offering or (ii) the post-money valuation of the Company immediately after giving effect to a Reverse Merger. 
 In the
event the Closing is due to a Qualified IPO, the Plan Pool shall be deemed funded 1/3 in cash and 2/3 in Company common stock, with the number of shares of Company common stock determined by dividing 2/3 of Value by the per share Company common
stock price to public in connection with the Qualified IPO. 
 In the event the Closing is due to a Sale of the Company, “Value” shall be
Sale of the Company proceeds paid or distributed to Company stockholders, treating amounts otherwise payable under this Plan as amounts paid to stockholders, with Value increasing upon every release of proceeds to Company stockholders. In the event
of a Sale of the Company transaction where the Company’s holders of common stock as of the Effective Date, immediately after such transaction or series of transactions, shall hold common stock of the Company or the voting securities of the
surviving or acquiring entity, Value shall be the fully diluted number of shares of the Company’s common stock multiplied by the per share price paid to the Company or the selling shareholders, as the case may be. For the avoidance of doubt,
contingency payments and amounts held in escrow shall not be deemed to constitute Value until such amounts are actually released to, and paid to, Company stockholders. 

In the event the Closing is due to a Sale of the Company, the Plan Pool shall be funded with the same form of consideration paid in respect of Company common
stock. In the event that any portion of the Sale of the Company consideration includes non-cash consideration, the Administrator, in his, her, or its sole but reasonable discretion, shall determine the value
of any of such non-cash consideration. 

 All calculations, with respect to the Plan Pool, including, without limitation, determination of Value,
shall be performed by the Administrator in its sole but reasonable discretion.

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