Attached files
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8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit 10.1
AMENDMENT TO THE
RUMBLEON, INC.
2017 STOCK INCENTIVE PLAN
WHEREAS, RumbleOn, Inc., a Nevada
corporation (the "Company") currently maintains and sponsors the
RumbleOn, Inc. 2017 Stock Incentive Plan (the "Plan");
and
WHEREAS, Section 14(k) of the Plan
provides that the Board of the Directors of the Company ("Board")
may amend the Plan from time to time; and
WHEREAS, the Board has determined it to
be in its best interests to amend the Plan as set forth herein;
and
NOW, THEREFORE, effective upon the
Company's Stockholders' approval as set forth in Section 14(k) of
the Plan, the following amendment to the Plan is hereby
adopted:
1. The
last sentence of Section 5(a) of the Plan shall be amended and
restated to read as follows: "The maximum number of shares of
Common Stock that may be issued pursuant to Awards granted under
the Plan shall be 700,000."
2. Section
5(b)(i) of the Plan shall be amended and restated to read as
follows:
"(i)
With respect to the shares of Common Stock issuable pursuant to
this Section, a maximum of 700,000 of such shares may be subject to
grants of Incentive Stock Options;"
3. Except
as modified by this Amendment, all of the terms and conditions of
the Plan shall remain valid and in full force and
effect.
IN WITNESS WHEREOF, the undersigned, a
duly authorized officer of the Company, has executed this
instrument as of the 26th day of August 2020,
on behalf of the Company.
RUMBLEON,
INC.
By:
/s/ Steve R.
Berrard
Name: Steven R. Berrard
Title:
Chief Financial Officer