Document:

EX-10.21

 Confidential Treatment Requested by The Fresh Market Holdings, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.21 

POMEGRANATE PARENT HOLDINGS, INC. 

c/o Apollo Management VIII, L.P. 

9 West 57th Street 
 New
York, NY 10019 
 November 12, 2019 
 Dan Portnoy

 Re: Grant of Option (Grant Date: November 6, 2019) 

Dear Dan: 
 We are pleased to inform you that you have been
granted an option (the “Option”) to purchase shares of common stock (“Shares”) Pomegranate Parent Holdings, Inc. (the “Company”), on the terms and conditions set forth below. The Fresh Market, Inc.
is an indirect wholly-owned subsidiary of the Company, which in turn is majority-owned by an investment fund controlled by an affiliate of Apollo Global Management LLC. The Option has been granted pursuant to the Company’s Stock Option Plan
(the “Plan”), and the Option and underlying Shares are subject in all respects to the provisions of the Plan. Capitalized terms not otherwise defined in the text are defined in the Plan. 

 

	1.	 Number of Shares subject to the Option: 400,000 

 

	2.	 Exercise Price per Share: $3.30 

 

	3.	 Vesting: The Option shall vest upon the earlier of a Change in Control or any Investor Sale immediately
following which the Investor Percentage falls below 50%, provided that you remain employed through the date of such transaction. 

  

	4.	 Termination of the Option. The Option shall terminate pursuant to the provisions of Section 5 of
the Plan. 

  

	5.	 Release from Transfer Restrictions. The transfer restrictions contained in Section 9(a) of the Plan
shall lapse on a Change in Control. In addition, following any Investor Sale, a number of Shares shall be released from the transfer restrictions contained in Section 9(a) of the Plan as is equal to (i) 400,000 Shares (subject to
adjustment for stock splits etc.) multiplied by the excess of 100% over the Investor Percentage, minus (ii) the number of Shares previously released under this paragraph 5 from the transfer restrictions contained in Section 9(a) of the
Plan (subject to adjustment for stock splits etc.); provided, that if immediately following any Investor Sale, the Investor Percentage falls below 30%, then all of the Shares shall be released from the transfer restrictions; provided further, that
this paragraph 5 shall not be construed as releasing any Shares that are non-transferable by reason of a standstill agreement or related agreement entered into at the request of the managing underwriters of the Qualified Public Offering. For

  

 Confidential Treatment Requested by The Fresh Market Holdings, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

	 	
the avoidance of doubt, the number of Shares released shall be based upon and include all Shares held or which may be acquired by you, including Shares subject to Options upon the subsequent
exercise thereof. Further, following a Qualified Public Offering, there shall be released from the transfer restrictions contained in Section 9(a) of the Plan, Shares having a fair market value equal to the tax withholding obligation due by
reason of exercise of any Option within the thirty day period prior to the date it is scheduled to terminate pursuant to Section 5 of the Plan. For purposes of this letter, (x) “Investor Sale” means of sale of Shares by an Apollo
Investor in connection with or following a Qualified Public Offering, and (y) “Investor Percentage” means the percentage derived by dividing (i) the number of Shares held by all Apollo Investors immediately following the applicable
Investor Sale, by (ii) the number of Shares held by all Apollo Investors as of the date hereof (subject to adjustment for stock splits etc.). 

  

	6.	 Representations. By accepting this Option, you represent, acknowledge and/or agree to the following, and
understand that the Company would not have granted this Option to you but for your representations, acknowledgements and agreements below. 

  

	 	(a)	 Shares Unregistered; Investor Knowledge. You acknowledge and agree that (i) neither the grant of
the Option nor the offer to acquire Shares upon exercise thereof has been registered under applicable securities laws; (ii) there is no established market for the Shares and it is not anticipated that there will be any such market for the
Shares in the foreseeable future; and (iii) your knowledge and experience in financial and business matters are such that you are capable of evaluating the merits and risks of any investment in the Shares. 

 

	 	(b)	 One-Time Benefit. You acknowledge and agree that: (i) this award is a one-time benefit, which does not create any contractual or other right to receive future awards, or benefits in lieu of awards; (ii) all determinations with respect to any such future awards, including, but not
limited to, the times when awards shall be granted, the number of shares subject to each award, the exercise or purchase price, and the time or times when each award shall vest, will be at the sole discretion of the Company; (iii) this award is
not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; and (iv) THAT THIS AWARD
SHALL NOT CREATE A RIGHT TO FURTHER EMPLOYMENT WITH THE COMPANY OR ITS AFFILIATES AND SHALL NOT INTERFERE WITH THE ABILITY OF THE COMPANY OR ANY OF ITS AFFILIATES TO TERMINATE YOUR EMPLOYMENT RELATIONSHIP AT ANY TIME, AND UPON TERMINATION OF YOUR
EMPLOYMENT FOR ANY REASON WHATSOEVER, ANY RIGHTS IN RESPECT OF THE OPTION OR THE UNDERLYING SHARES TO WHICH YOU WOULD 

  
 2 

  

 Confidential Treatment Requested by The Fresh Market Holdings, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

	 	
HAVE BEEN ENTITLED HAD YOUR EMPLOYMENT NOT TERMINATED SHALL LAPSE UPON THE DATE OF TERMINATION UNLESS EXPRESSLY STATED OTHERWISE HEREIN OR THE PLAN, AND YOU SHALL NOT BE ENTITLED TO ANY
COMPENSATION IN RESPECT OF LOSS OF ALL OR ANY OF THE OPTION OR UNDERLYING SHARES. 

  

	 	(c)	 Employee Data Privacy. You consent to the collection, use and transfer of personal data as described in
this paragraph 5(c). You understand that the Company and its Affiliates hold certain personal information about you including, but not limited to, your name, home address and telephone number, date of birth, social security number, salary,
nationality, job title, common shares or directorships held in the Company, details of all other entitlement to common shares awarded, cancelled, exercised, vested, unvested or outstanding in your favor, for the purpose of managing and administering
this award (“Data”). You further understand that the Company and/or its Affiliates will transfer Data among themselves as necessary for the purposes of implementation, administration and management of this award, and that the
Company and/or any of its Affiliates may each further transfer Data to any third parties assisting the Company in such implementation, administration and management, or to any potential acquirer of the Company or its Affiliates. You authorize them
to receive, possess, use, retain and transfer Data in electronic or other form, for the purposes of implementing, administering and managing this award, including any requisite transfer of such Data as may be required for the administration of this
award and/or the subsequent holding common shares on your behalf to a broker or other third party with whom the shares acquired on exercise may be deposited, or, in the case of a potential acquirer, for the purpose of performing diligence on the
Company or its Affiliates. You understand that he or she may, at any time, view the Data, require any necessary amendments to it or withdraw the consent herein in writing by contacting the local human resources representative. 

 

	 	(d)	 Confidentiality. You agree not to disclose or discuss in any way the terms of this award to or with
anyone other than members of your immediate family, or your personal counsel or financial advisors (and you will advise such persons of the confidential nature of this award). 

 

	7.	 Federal Taxes: The Option granted to you is treated as a “nonqualified option” for federal tax
purposes, so when you exercise the Option, the excess of the value of the Shares issued on exercise over the exercise price paid for the Shares is income to you, subject to wage-based withholding and reporting. State and local taxes may also apply.
You should consult your personal tax advisor for more information concerning the tax treatment of your Option. The Company is not making any representations concerning the tax treatment of the Option except that the Company

  
 3 

  

 Confidential Treatment Requested by The Fresh Market Holdings, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

	 	
will not treat the grant of the Option itself as taxable income to you, and is not responsible for any taxes, interest or penalties you incur in connection with your Option, even if the taxing
authorities successfully challenge any position taken by the Company in respect of wage withholding and reporting or otherwise. 

 We are
excited to give you this opportunity to share in our future success. Please indicate your acceptance of this option grant and the terms of the Plan by signing and returning a copy of this letter. 

Sincerely, 
 POMEGRANATE PARENT HOLDINGS, INC. 

 

			
	 By:
  
	 	

	Name:	 	Laurence B. Appel
	Title:	 	Authorized Signatory

  

			
	Agreed to and Accepted by:
	
	 

  

	Name:  Dan Portnoy

  
 4Exhibit 10.18

 

ASPIRE GLOBAL, INC.

14 Jian’an Road

Tangwei Fuyong Town 

Bao’an District, Shenzhen 

Guangdong Province, China

 

[Date]

 

[Name and Address]

 

Re:        Director
Offer Letter

 

Dear __________:

 

Aspire
Global, Inc., a Cayman Islands company (the “Company”) is pleased to offer you a position as a member of the Company’s
Board of Directors (the “Board”).  We believe that your experience qualifies you to be an independent director of the
Company, and we look forward to your future success in this role.

 

This
letter shall constitute an agreement (“Agreement”) between you and the Company and contains all the terms and conditions relating
to the services you are to provide.

 

		1.	Term.  This Agreement shall have an initial
term of one year, beginning on the effective date of the registration statement (the “Registration Statement”) of the Company
on Form F-1 (File No. 333-257293) (the “Appointment Date”). Your term as director shall continue subject to the provisions
in Section 7 below or until your successor is duly elected and qualified.  The position shall be up for re-election each year
at the Company’s annual general meeting and upon re-election, the terms and provisions of this Agreement shall remain in full force
and effect. You agree to execute a consent to serve as a director and have the filed as an exhibit to the Registration Statement.

 

		2.	Services. You shall render services as a member
of the Board in accordance with high professional and ethical standards and in accordance with all applicable laws and rules and regulations
pertaining to your performance hereunder.  You are expected to attend all meetings of the Board called from time to time either
in-person or by telephone.  Should you be elected to serve on a committee of the Board, you shall be required to attend such number
of meetings of such committee as required by its members pursuant to the charter of such committee or as may be called from time to time. 
The services described in this Section 2 shall hereinafter be referred to as your “Duties.”

 

3.       Services
for Others.  You shall be free to represent or perform services for other persons during the term of this Agreement. 
You agree, however, that you do not presently perform and do not intend to perform, during the term of this Agreement, similar Duties,
consulting, or other services for companies whose businesses are or would be, in any way, competitive with the Company (except for companies
previously disclosed by you to the Company in writing).  Should you propose to perform similar duties, consulting, or other services
for any such company, you agree to notify the Company in writing in advance (specifying the name of the organization for whom
you propose to perform such services) and to provide information to the Company sufficient to allow it to determine if the performance
of such services would conflict with areas of interest to the Company. You agree that, in performance of your services for other persons,
you will comply with your non-disclosure covenant in Section 6 of this Agreement and that, in performing your Duties, you will not violate
any non-disclosure covenant that you have with any other person. You represent that you are not a party to any agreement which impairs
your ability to perform the Duties.

 

     

     

    

 

4.       Compensation.

 

4.1.    Cash. 
Commencing on the Appointment Date, and upon each quarter thereof that you remain a director, you shall receive cash compensation of
$______ for a total compensation of $______ per year.  Notwithstanding the foregoing to the contrary, all fees are subject to approval
and/or change as deemed appropriate by the Compensation Committee of the Board.  You shall be reimbursed for reasonable expenses
documented and incurred by you in connection with the performance of your Duties (including travel expenses for meetings you attend in-person
in accordance with the Company’s expense reimbursement policies in effect from time to time).

 

Restricted
Stock. You shall receive a total of $_______ worth of the Company’s Ordinary Shares, valued at the Initial Public Offering
Price (the “IPO Price”), which shares shall be restricted securities, as defined in Rule 144 of the United States Securities
and Exchange Commission pursuant to the Securities Act of 1933, as amended. Such shares shall be issued in ____ equal installments, the
____ installment to be issued on the Closing Date of the Company’s initial public offering and the remaining _____ installments
to be issued _____, ____ and ____ months after the Appointment Date provided that you are a Director on such date. By way of example,
if the Company’s IPO Price is $15 per share, then you shall potentially receive a total of _____ Ordinary Shares. Such shares may,
if the Board or the Compensation Committee so determines, be issued from any equity incentive plan of the Company. You confirm that you
understand the meaning of the term “restricted securities.” You also understand that your sale of such Ordinary Shares and
your purchase and sale of the Company’s Ordinary Shares or other publicly traded securities is subject to the trading restrictions
applicable to directors and insiders as set forth in the Company’s Insider Trading Policy.

 

4.2.       Service
on Board Committee(s).  Should you be named to a committee of the Board, the Compensation Committee of the Board will determine
such additional compensation, if any, for serving on such committee.  However, the Company currently does not plan to provide any
additional compensation to members of Committees of the Board other than the chairmen of such committees. 

 

5.       No
Assignment.  Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned by
you.

 

6.       Confidential
Information; Non-Disclosure.  In consideration of your access to the premises of the Company and/or you access to certain
Confidential Information of the Company, in connection with your business relationship with the Company, you hereby represent and agree
as follows:

 

6.1. Definition. 
For purposes of this Agreement, the term “Confidential Information” means:

 

a.       Any
information that the Company possesses that has been created, discovered, or developed by or for the Company, and that has or could have
commercial value or utility in the business in which the Company is engaged; or

 

b.       Any
information that is related to the business of the Company and is generally not known by non-Company personnel.

 

c.       By
way of illustration, but not limitation, Confidential Information includes trade secrets and any information concerning products,
processes, formulas, designs, inventions (whether or not patentable or registrable under copyright or similar laws, and whether or
not reduced to practice), discoveries, concepts, ideas, improvements, techniques, methods, research, development and test results,
specifications, data, know-how, software, formats, marketing plans, and analyses, business plans and analyses, strategies,
forecasts, customer and supplier identities, characteristics, and agreements and the substance of any discussions at or in
connection with, or memoranda or other documentation provided in connection with, meetings of the Board of Directors or any
Committee thereof and any information and material provided to you by counsel for the Company in your capacity as a director or
Committee member.

 

     

     

    

 

6.2.    Exclusions. 
Notwithstanding the foregoing, the term Confidential Information shall not include:

 

a.       Any
information that becomes generally available to the public other than as a result of a breach of the confidentiality portions of this
Agreement, or any other agreement requiring confidentiality between the Company and you;

 

b.       Information
you receive from a third party in rightful possession of such information who is not restricted from disclosing such information; and

 

c.       Information
known by you prior to receipt of such information from the Company, which prior knowledge can be documented.

 

6.3. Documents. 
You agree that, without the express prior written consent of the Company, you will not remove from the Company’s premises, any notes,
formulas, programs, data, records, machines, or any other documents or items that in any manner contain or constitute Confidential Information,
nor will you make reproductions or copies of same. In the event you receive any such documents or items by personal delivery from any
duly designated or authorized personnel of the Company, you shall be deemed to have received the express written consent of the Company. 
In the event that you receive any such documents or items, other than through personal delivery as described in the preceding sentence,
you agree to inform the Company promptly of your possession of such documents or items.  You shall promptly return any such documents
or items, along with any reproductions or copies to the Company upon the Company’s demand, upon termination of this Agreement, or
upon your termination or resignation, as provided in Section 7 herein.

 

6.4.       No
Disclosure.  You agree that you will hold in trust and confidence all Confidential Information and will not disclose to others,
directly or indirectly, any Confidential Information or anything relating to such information without the prior written consent of the
Company, except as maybe necessary in the course of your business relationship with the Company. You further agree that you will not use
any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your business
relationship with the Company, and that the provisions of this Section 6.4 shall survive termination of this Agreement.

 

7.       Termination
and Resignation.  Your membership on the Company’s Board may be terminated for any or no reason or you may also terminate
your membership on the Board for any or no reason except as provided in the Company’s Memorandum and Articles of Association, as
amended from time to time. Upon the effective date of the termination or resignation, your right to compensation hereunder will terminate
subject to the Company’s obligations to pay you any cash compensation (or equivalent value in ordinary shares of the Company), if
application, that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance
of your Duties as of the effective date of such termination or resignation.

 

     

     

    

 

8. Independent
Contractor. You understand, acknowledge and agree that your relationship with the Company is that of an independent
contractor and nothing in this Agreement is intended to or should be construed to create a relationship other than that of
independent contractor. Nothing in this Agreement shall be construed as a contract of employment/engagement between you and the
Company or as a commitment on the part of the Company to retain you in any capacity, for any period of time or under any specific
terms or conditions, or to continue your service to the Company beyond any period. Except as may be expressly authorized by the
Board of Directors, you shall have no authority to execute agreements on behalf of the Company.

 

9. Governing
Law; Consent to Jurisdiction.  All questions with respect to the construction and/or enforcement of this Agreement,
and the rights and obligations of the parties hereunder, shall be determined in accordance with the laws of New York applicable to agreements
made and to be performed wholly within such state without reference to principles of conflicts of laws. The parties hereby consent to
the jurisdiction of the courts having jurisdiction over matters arising in New York for any proceeding arising out of or relating to this
Agreement. The parties agree that in any such proceeding, each party shall waive, if applicable, inconvenience of forum. TO THE MAXIMUM
EXTENT PEMITTED BY LAW, EACH PARTY WAIVES THE RIGHT TO A TRIAL BY JURY

 

10.       Entire
Agreement; Amendment; Waiver; Counterparts.  This Agreement expresses the entire understanding with respect to the subject
matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof.  Any
term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent of the
parties hereto in the case of an amendment and by the party granting the waiver in the case of a waiver.  Waiver of any term or condition
of this Agreement by a party shall not be construed as a waiver of any subsequent breach or failure of the same term or condition or waiver
of any other term or condition of this Agreement.  The failure of a party at any time to require performance by the other party of
any provision of this Agreement shall not affect the right of such party to require future performance of such provision or any other
provision of this Agreement.  This Agreement may be executed in separate counterparts each of which will be an original and all of
which taken together will constitute one and the same agreement, and may be executed using facsimiles of signatures, and a facsimile of
a signature shall be deemed to be the same, and equally enforceable, as an original of such signature.

 

This Agreement has been
executed and delivered by the undersigned and is made effective as of the date set first set forth above. 

 

	 	Sincerely,
	 	 
	 	ASPIRE GLOBAL, INC.
	 	 
	 	By:	
	 	 	Name: Tuanfang Liu
	 	 	Title: Chief Executive Officer

 

Agreed to and accepted this          day of ______,
2021: 

 

______________________________________

[Director name]

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