Amendment to the RumbleOn, Inc. 2017 Stock Incentive Plan
EX-10.1 2 rmbl_ex101.htm AMENDMENT TO THE RUMBLEON, INC. 2017 STOCK INCENTIVE PLAN rmbl_ex101
AMENDMENT TO THE
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.
By: /s/ Steve R. Berrard
Name: Steven R. Berrard
Title: Chief Financial Officer