Common use of Optionee Acknowledgment Clause in Contracts

Optionee Acknowledgment. Optionee acknowledges and agrees that the vesting of Shares pursuant to this Option Agreement is earned only by continuing service with the Company. Optionee further acknowledges and agrees that nothing in this Agreement, nor in the Plan shall confer upon the Optionee any right to continue in the service of the Company, nor shall it interfere in any way with Optionee’s right or the Company’s right to terminate Optionee’s service at any time, with or without Cause. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. By executing this Agreement, the Optionee hereby agrees to be bound by all of the terms of both the Plan and this Agreement. FAT Brands Inc. By:____________________________ ________ Date Its:____________________________ ____________________, Optionee ________ Date FAT Brands Inc. Compensation Committee Date of Exercise: Ladies and Gentlemen: This constitutes notice under my stock Option that I elect to purchase the number of Shares for the price set forth below. Type of Option: Non-Qualified Grant Date: Number of Shares as to which Option is exercised: Certificates to be issued in name of: Total exercise price: $ Cash payment delivered herewith: $ By this exercise, I agree (i) to execute or provide such additional documents as FAT Brands Inc. (the “Company”) may reasonably require pursuant to the terms of this Notice of Exercise and the Company’s 2017 Omnibus Equity Incentive Plan (the “Plan”), and (ii) to provide for the payment by me to the Company (in the manner designated by the Company) of the Company’s withholding obligation, if any, relating to the exercise of this Option. Very truly yours, Optionee THIS AGREEMENT made as of ___________, 201_ [insert date on which Committee awards the Restricted Stock] (the “Grant Date”), by and between FAT Brands Inc. (the “Company”), and ___________________ (the “Awardee”).

Optionee Acknowledgment. Optionee acknowledges and agrees that the vesting of Shares pursuant to this Option Agreement is earned only by continuing service with the Company. Optionee further acknowledges and agrees that nothing in this Agreement, nor in the Plan shall confer upon the Optionee any right to continue in the service of the Company, nor shall it interfere in any way with Optionee’s right or the Company’s right to terminate Optionee’s service at any time, with or without Cause. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. By executing this Agreement, the Optionee hereby agrees to be bound by all of the terms of both the Plan and this Agreement. FAT Brands ATTEST: BofI Holding, Inc. By:____________________________ ________ : Date Date Its:____________________________ ____________________: , Optionee ________ Date FAT Brands Inc. Compensation Committee Date of Exercise: Ladies and Gentlemen: This constitutes notice under my stock Option that I elect to purchase the number of Shares for the price set forth below. Type of Option: Non-Qualified Grant Date: Number of Shares as to which Option is exercised: Certificates to be issued in name of: Total exercise price: $ Cash payment delivered herewith: $ By this exercise, I agree (i) to execute or provide such additional documents as FAT Brands BofI Holding, Inc. (the “Company”) may reasonably require pursuant to the terms of this Notice of Exercise and the Company’s 2017 Omnibus Equity 2014 Stock Incentive Plan (the “Plan”), and (ii) to provide for the payment by me to the Company (in the manner designated by the Company) of the Company’s withholding obligation, if any, relating to the exercise of this Option. Very truly yours, Optionee THIS AGREEMENT made as of ___________, 201_ 20[insert date on which Committee awards the Restricted Stock___] (the “Grant Date”), by and between FAT Brands BofI Holding, Inc. (the “Company”), and ___________________ (the “Awardee”).

Optionee Acknowledgment. Optionee acknowledges and agrees that the vesting of Shares pursuant to this Option Agreement is earned only by continuing service with the Company. Optionee further acknowledges and agrees that nothing in this Agreement, nor in the Plan shall confer upon the Optionee any right to continue in the service of the Company, nor shall it interfere in any way with Optionee’s right or the Company’s right to terminate Optionee’s service at any time, with or without Cause. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. By executing this Agreement, the Optionee hereby agrees to be bound by all of the terms of both the Plan and this Agreement. FAT Brands Inc. By:____________________________ ________ Date Its:____________________________ ____________________, Optionee ________ Date FAT Brands Inc. Compensation Committee Date of Exercise: Ladies and Gentlemen: This constitutes notice under my stock Option that I elect to purchase the number of Shares for the price set forth below. Type of Option: Non-Qualified Incentive Stock Option Grant Date: Number of Shares as to which Option is exercised: Certificates to be issued in name of: Total exercise price: $ Cash payment delivered herewith: $ By this exercise, I agree (i) to execute or provide such additional documents as FAT Brands Inc. (the “Company”) may reasonably require pursuant to the terms of this Notice of Exercise and the Company’s 2017 Omnibus Equity Incentive Plan (the “Plan”), and (ii) to provide for the payment by me to the Company (in the manner designated by the Company) of the Company’s withholding obligation, if any, relating to the exercise of this Option. Very truly yours, Optionee THIS AGREEMENT made as of _____________, 201_ [insert date on which Committee awards grants the Restricted StockOption] (the “Grant Date”), by and between FAT Brands Inc. (the “Company”), and ____________________ (the “AwardeeOptionee”).

Optionee Acknowledgment. Optionee acknowledges and agrees that the vesting of Shares pursuant to this Option Agreement is earned only by continuing service with the Company. Optionee further acknowledges and agrees that nothing in this Agreement, nor in the Plan shall confer upon the Optionee any right to continue in the service of the Company, nor shall it interfere in any way with Optionee’s right or the Company’s right to terminate Optionee’s service at any time, with or without Cause. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. By executing this Agreement, the Optionee hereby agrees to be bound by all of the terms of both the Plan and this Agreement. FAT Brands ATTEST: BofI Holding, Inc. By:____________________________ ________ : Date Date Its:____________________________ ____________________: , Optionee ________ Date FAT Brands Inc. Compensation Committee Date of Exercise: Ladies and Gentlemen: This constitutes notice under my stock Option that I elect to purchase the number of Shares for the price set forth below. Type of Option: Non-Qualified Grant Date: Number of Shares as to which Option is exercised: Certificates to be issued in name of: Total exercise price: $ Cash payment delivered herewith: $ By this exercise, I agree (i) to execute or provide such additional documents as FAT Brands BofI Holding, Inc. (the “Company”) may reasonably require pursuant to the terms of this Notice of Exercise and the Company’s 2017 Omnibus Equity 2014 Stock Incentive Plan (the “Plan”), and (ii) to provide for the payment by me to the Company (in the manner designated by the Company) of the Company’s withholding obligation, if any, relating to the exercise of this Option. Very truly yours, Optionee THIS AGREEMENT made as of _____________, 201_ 20[insert date on which Committee awards the Restricted Stock___] (the “Grant Date”), by and between FAT Brands BofI Holding, Inc. (the “Company”), and ____________________ (the “AwardeeOptionee”).