Fifth Amendment to the RumbleOn, Inc. 2017 Stock Incentive Plan

EX-10.6 2 a2023-10kxex106.htm EX-10.6 Document

Exhibit 10.6

FIFTH 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 Class B common stock that may be

issued pursuant to Awards granted under the Plan shall be 3,291,461.”

2. Section 5(b) of the Plan shall be amended and restated to read as follows:

“Limitations on Incentive Stock Options. With respect to the shares of Class B common stock

issuable pursuant to this Section, a maximum of 3,291,461 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 _14th__ day of July 2023, on behalf of the Company.

RUMBLEON, INC.

By: /s/ Mark Tkach

Interim Chief Executive Officer

(Principal Executive Officer)