Unit Award Agreement, by and between Phoenix Equity Holdings, LLC and Sean Goodnight, dated as of December 4, 2024

Exhibit 10.6

PHOENIX EQUITY HOLDINGS, LLC

2024 LONG-TERM INCENTIVE PLAN

UNIT AWARD AGREEMENT

Phoenix Equity Holdings, LLC (the “Company”) hereby grants to Sean Goodnight (the “Participant”) the following award of Units (the “Award”), pursuant and subject to the terms and conditions of this Unit Award Agreement (this “Agreement”), the Limited Liability Company Agreement of the Company (as amended, the “LLC Agreement”) and the Phoenix Equity Holdings, LLC 2024 Long-Term Incentive Plan (as may be amended, the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.

GRANT NOTICE

Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows:

Number of and Class of Units: 53,570.00 Class A Units in the aggregate in the Company, subject to adjustment as provided in the Plan, this Agreement, and the LLC Agreement.

Number of and Class of Units: 210,930.00 Class B Units in the aggregate in the Company, subject to adjustment as provided in the Plan, this Agreement, and the LLC Agreement.

Grant Date: December 4, 2024

Forfeiture of Award: The Award shall be subject to forfeiture as set forth below in this Agreement.

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TERMS AND CONDITIONS OF AWARD

1. Grant. The Company hereby grants to the Participant, as of the Grant Date set forth in the Grant Notice (the “Grant Date”), an Award of Units as set forth in the Grant Notice, subject to all of the terms and conditions contained in this Agreement, the LLC Agreement and the Plan. The Award is issued as a result of the conversion of “Profits Interests” in the Company held by the Participant as of the Grant Date (and immediately prior to such conversion). The Participant acknowledges and agrees that the Participant has no right to any payment in respect of the Participant’s redeemed “Profits Interests” in the Company or to any future or additional award of equity or equity-based interests in the Company or any Affiliate thereof.

2. Forfeiture of Award; Distributions.

(a) Forfeiture. In the event of (i) the Participant’s Termination of Service for any reason prior to a Change in Control or (ii) a Covenant Breach, the Award shall thereupon automatically be forfeited by the Participant without further action and without payment of consideration therefor, unless otherwise determined by the Administrator or provided in a separate written agreement between the Participant and the Company or its Subsidiaries.

(b) Distributions. Distributions with respect to the Award will be made as set forth in the LLC Agreement.

3. Section 83(b) Election. Within 30 days following the Grant Date, the Participant shall file with the Internal Revenue Service an election authorized by Section 83(b) of the Code (an “83(b) Election”) with respect to the Award and deliver to the Company a copy of such 83(b) Election promptly after its filing. No later than February 28, 2025 (with the actual date of payment determined by the Company in its discretion), the Company, or an Affiliate thereof, shall make a payment to the Participant (the “Gross-Up Payment”) in an amount equal to 45% of the amount included in the Participant’s gross income pursuant to the Participant’s 83(b) Election (the “Recognized Income”), and the Participant acknowledges that neither the Company, nor any Affiliate of the Company, shall be obligated to pay to the Participant any additional amount related to the Recognized Income or the Gross-Up Payment, including any related income, employment or other taxes incurred by the Participant.

4. Non-Transferability. Neither the Award nor any right of the Participant in relation to the Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant (or any permitted transferee) other than by will or the laws of descent and distribution or as otherwise permitted by the terms of the Plan and the LLC Agreement and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company and any of its Affiliates.

5. Plan and LLC Agreement. The Award shall be subject to the terms of the Plan and the LLC Agreement, including without limitation the repurchase provisions, restrictions on transfer of Units and drag-along rights as set forth in the LLC Agreement. As a condition to receiving the Award, the Participant shall execute and become bound by the terms of the LLC Agreement. Except as otherwise expressly provided herein, in the event of any conflict between the terms of this Agreement and the LLC Agreement or the Plan, the terms of the LLC Agreement or the Plan, as applicable, shall control.

6. No Effect on Service. Nothing in this Agreement, the Plan or in the LLC Agreement shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from employment free from any liability or any claim under the Plan, the LLC Agreement or this Agreement, unless otherwise expressly provided in the Plan or the LLC Agreement, this Agreement or any other written agreement between the Company and the Company Group.

7. Severability. If any provision of this Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or deemed amended without, in the determination of the Administrator, materially altering the intent of this Agreement, such provision shall be stricken as to such jurisdiction, and the remainder of this Agreement shall remain in full force and effect.

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8. Tax Consultation. Neither the Administrator nor the Company has made any warranty or representation to Participant with respect to the income tax consequences of the issuance of the Award or the transactions contemplated by this Agreement, and the Participant represents that he or she is in no manner relying on such entities or their representatives for tax advice or an assessment of such tax consequences. The Participant understands that the Participant may suffer adverse tax consequences in connection with the Award granted pursuant to this Agreement. The Participant represents that the Participant has consulted with any tax consultants that the Participant deems advisable in connection with the Award.

9. Amendments, Suspension and Termination. The Administrator may waive any conditions or rights under, amend any terms of, or alter this Agreement at any time, provided that no such change, other than pursuant to the Plan and the LLC Agreement, shall materially and adversely reduce the rights or benefits of the Participant without the Participant’s written consent.

10. Adjustments. The Participant acknowledges that the Award is subject to modification and termination in certain events as provided in this Agreement, the Plan and the LLC Agreement.

11. Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer contained herein, this Agreement shall be binding upon the Participant and his or her heirs, executors, administrators, successors and assigns.

12. Headings. Headings are given to the sections and subsections of this Agreement solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision hereof.

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The Participant’s signature below indicates the Participant’s agreement with and understanding that this Award is subject to all of the terms and conditions contained in the Plan, the LLC Agreement and in this Agreement, and that, in the event that there are any inconsistencies between the terms of the Plan or the LLC Agreement and the terms of this Agreement, unless expressly provided otherwise, the terms of the Plan and the LLC Agreement, as applicable, shall control. The Participant further acknowledges that the Participant has read and understands the Plan, the LLC Agreement and this Agreement, which contains the specific terms and conditions of this Award. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the LLC Agreement or this Agreement.