0001213900-23-021782 Sample Contracts

Purple Innovation, Inc. Amended and Restated Option Grant Agreement
Option Grant Agreement • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

This Amended and Restated Option Grant Agreement evidences the grant of a Nonqualified Stock Option (the “Grant”), pursuant to the provisions of the Purple Innovation, Inc. 2017 Equity Incentive Plan (the “Plan”) to the individual whose name appears below (the “Participant”), covering the specific number of shares of stock set forth below, pursuant to the provisions of the Plan and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan):

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Purple Innovation, Inc. Amended and Restated Option Grant Agreement (Reissued Excess Subject to Approval)
Equity Incentive Plan • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

Subject to shareholder approval of proposed amendments to Section 5(f) of the Company’s 2017 Equity Incentive Plan (the “Plan”), this Amended and Restated Option Grant Agreement evidences the grant of a Nonqualified Stock Option (the “Grant”) to the individual whose name appears below (the “Participant”), covering the specific number of shares of stock set forth below, on the terms and conditions contained in this Amended and Restated Option Grant Agreement, the Company’s Plan, and 2019 Long-Term Equity Incentive Plan (the “LTIP”), copies of which have been provided to Participant. Any capitalized term used but not defined in this Agreement shall have the meaning given to the term in the Plan or LTIP as they currently exist or may hereafter be amended.

Purple Innovation, Inc. Amended and Restated Restricted Share Unit Agreement (Reissued)
Equity Incentive Plan • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

Purple Innovation, Inc., a Delaware corporation (the “Company“), hereby grants to Participant identified below, as of the below Date of Grant, the right to receive shares of Class A Common Stock, par value $0.0001 per share, in an amount equal to the Number of Shares specified below on the terms and conditions contained in this Amended and Restated Restricted Share Unit Agreement and the Company’s 2017 Equity Incentive Plan (the “Plan“) and 2019 Long-Term Equity Incentive Plan (the “LTIP”), copies of which have been provided to Participant. Any capitalized term used but not defined in this Agreement shall have the meaning given to the term in the Plan or LTIP as they currently exist or may hereafter be amended.

Purple Innovation, Inc. Amended and Restated Option Grant Agreement (Reissued)
2017 Equity Incentive Plan • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

This Amended and Restated Option Grant Agreement evidences the grant of a Nonqualified Stock Option (the “Grant”) to the individual whose name appears below (the “Participant”), covering the specific number of shares of stock set forth below, on the terms and conditions contained in this Amended and Restated Option Grant Agreement, the Company’s 2017 Equity Incentive Plan (the “Plan”), and 2019 Long-Term Equity Incentive Plan (the “LTIP”), copies of which have been provided to Participant. Any capitalized term used but not defined in this Agreement shall have the meaning given to the term in the Plan or LTIP as they currently exist or may hereafter be amended.

Purple Innovation, Inc. Amended and Restated Restricted Share Unit Agreement (Reissued Excess Subject to Approval)
Equity Incentive Plan • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

Subject to shareholder approval of proposed amendments to Section 5(f) of the Company’s 2017 Equity Incentive Plan (the “Plan”), Purple Innovation, Inc., a Delaware corporation (the “Company”), hereby grants to Participant identified below, as of the date of shareholder approval, the right to receive shares of Class A Common Stock, par value $0.0001 per share, in an amount equal to the Number of Shares specified below on the terms and conditions contained in this Amended and Restated Restricted Share Unit Agreement, the Company’s Plan, and 2019 Long-Term Equity Incentive Plan (the “LTIP”), copies of which have been provided to Participant. Any capitalized term used but not defined in this Agreement shall have the meaning given to the term in the Plan or LTIP as they currently exist or may hereafter be amended.

Purple Innovation, Inc. Amended and Restated Restricted Share Unit Agreement
Restricted Share Unit Agreement • March 21st, 2023 • Purple Innovation, Inc. • Household furniture

Purple Innovation, Inc., a Delaware corporation (the “Company”), hereby grants to Participant identified below, as of the below Date of Grant, the right to receive shares of Class A Common Stock, par value $0.0001 per share, in an amount equal to the Number of Shares specified below on the terms and conditions contained in this Amended and Restated Restricted Share Unit Agreement and the Company’s 2017 Equity Incentive Plan (the “Plan”) and 2019 Long-Term Equity Incentive Plan (the “LTIP”), copies of which have been provided to Participant. Any capitalized term used but not defined in this Agreement shall have the meaning given to the term in the Plan or LTIP as they currently exist or may hereafter be amended.

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