Purple Innovation, Inc. Option Grant Agreement2017 Equity Incentive Plan • May 30th, 2019 • Purple Innovation, Inc. • Household furniture
This Grant Agreement evidences (i) the grant of a Nonqualified Stock Option (the “Initial Grant”) outside of the Purple Innovation, Inc. 2017 Equity Incentive Plan (the “Plan”) as an inducement grant in accordance with the Nasdaq inducement grant exception found in Nasdaq Listing Rule 5635(c)(4) and (ii) an agreement to grant Nonqualified Stock Options in the future (the “Future Grants”) pursuant to the provisions of the Plan, to the individual whose name appears below (the “Participant”), covering the specific number of shares of stock set forth below and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan):
