Browse EX-10 agreements

Executive Leadership

EXHIBIT A

Change in Control and Severance Policy
Participation Agreement

This Participation Agreement (“Agreement”) is made and entered into by and between [NAME] (“you” or the “Eligible Employee”) on the one hand, and **Reformation Inc. **(the “Company”) on the other.

You have been designated as eligible to participate in the Policy, a copy of which is attached hereto, under which you are eligible to receive the following severance payments and benefits upon a Qualified Termination, subject to the terms and conditions of the Policy.

For purposes of this Agreement under the Policy, a “Qualified Termination” means a termination of the Eligible Employee’s employment:

(i)      either (A) by the Company other than for Cause, death, or Disability or (B) by you for Good Reason, in either case, during the Change in Control Period (a “COC Qualified Termination”) or

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REFORMATION INC.

2026 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

GRANT NOTICE

This Grant Notice and Award Terms and Conditions (including any attachments hereto, as applicable) (collectively, this “Agreement”), dated as of the grant date set forth below (the “Grant Date”), is made by and between Reformation Inc., a Delaware corporation (the “Company”), and the employee named below (the “Participant”). Any capitalized term that is used but not defined in this Agreement shall have the meaning ascribed to such term in the Reformation Inc. 2026 Omnibus Incentive Plan, as may be amended and/or restated from time to time (the “Plan”).

Name of Participant:	#ParticipantName#
Grant Date:	[July   , 2026]
Number of RSUs:	#QuantityGranted#
Vesting Schedule	Fully Vested

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REFORMATION INC.

** **

STOCK OWNERSHIP GUIDELINES

** **

****(Adopted on [_____]; effective upon the effectiveness of the registration statement relating to Reformation Inc.’s initial public offering)

The board of directors (the “Board”) of Reformation Inc., a Delaware corporation (the “Company”), has adopted these Stock Ownership Guidelines (these “Guidelines”) to more closely align the interests of the Company’s directors and executive leadership team with the long-term interests of the stockholders of the Company.

These Guidelines are effective as of the effective date of the first registration statement that is filed by the Company and declared effective pursuant to Section 12(b) of the Exchange Act, with respect to any class of the Company’s securities (such date, the “Effective Date”)

A.	Applicability

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**LYMI Inc. d/b/a Reformation
**8840 Washington Ave, Ste 202
Culver City, CA 90232

5801 S 2nd Street
Vernon, CA 90058

July 18, 2026

Joshua Moore
Sent via e-mail

Dear Mr. Moore

This letter agreement (the “Agreement”) is entered into between Joshua Moore (“you”) and, LYMI, Inc (d/b/a The Reformation) (the “Company” or “we”), effective upon the effectiveness of the registration statement relating to Reformation Inc.’s initial public offering (the “Effective Date”), to confirm the terms and conditions of your employment with the Company as of the Effective Date. This Agreement supersedes and replaces any and all employment terms, compensation, or benefits you may have had or to which you may have been entitled prior to the Effective Date.

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CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. SUCH INFORMATION HAS BEEN MARKED WITH “[***]” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE.

LOGISTICS SERVICE AGREEMENT

Between

LYMI Inc. D/b/a Reformation

And

CEVA LOGISTICS NETHERLANDS B.V.

FINAL VERSION

January 31 2023

Confidential and Proprietary

BETWEEN:

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Execution Version

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. SUCH INFORMATION HAS BEEN MARKED WITH “[***]” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE.

CREDIT AND GUARANTY AGREEMENT

dated as of May 2, 2024

among

LYMI INC.,
as the Borrower,

REF HOLDINGS, INC.,
as Holdings,

THE SUBSIDIARIES OF THE BORROWER FROM TIME TO TIME PARTY HERETO,

THE FINANCIAL INSTITUTIONS PARTY HERETO,
as the Lenders,

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and Collateral Agent,

JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., MORGAN STANLEY SENIOR FUNDING, INC. and ROYAL BANK OF CANADA,
Lead Arrangers and Lead Bookrunners

TABLE OF CONTENTS

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REFORMATION INC.

RESTRICTED STOCK UNIT AGREEMENT

This Restricted Stock Unit Agreement (this "Agreement") is made effective as of [DATE] (the "Date of Grant"), by and between Reformation Inc., a Delaware corporation (the "Company"), and [PARTICIPANT] (the "Participant").

RECITALS

WHEREAS, the Board of Directors of the Company (the "Board") has determined that it is in the best interests of the Company to grant the Restricted Stock Units (as defined below) provided for herein to the Participant pursuant to the terms set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto agree as follows:

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REFORMATION INC.

CHANGE IN CONTROL & SEVERANCE POLICY

This Change in Control and Severance Policy (the “Policy”) is designed to provide certain protections to a select group of key employees of LYMI Inc (d/b/a The Reformation), a wholly owned subsidiary of Reformation Inc. (collectively, “Reformation” or the “Company”) or any of its subsidiaries in connection with a Change in Control of the Company or in connection with the involuntary termination of their employment under the circumstances described in this Policy. The Policy is designed to be an “employee welfare benefit plan” (as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)), and this document is both the formal plan document and the required summary plan description for the Policy.

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REF TOPCO, INC.
2019 STOCK OPTION PLAN

NONQUALIFIED STOCK OPTION AGREEMENT

This Nonqualified Stock Option Agreement (this “Agreement”), is made effective as of [DATE] (the “Date of Grant”), by and between REF Topco, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Participant”).

RECITALS

WHEREAS, the Company has adopted the REF Topco, Inc. 2019 Stock Option Plan (as amended from time to time, the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement. Capitalized terms used but not otherwise defined herein shall have meanings ascribed to such terms in the Plan; and

WHEREAS, the Committee has determined that it is in the best interests of the Company to grant the Option provided for herein to the Participant pursuant to the Plan and the terms set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto agree as follows:

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SECURITIES REPURCHASE AGREEMENT

BY AND AMONG

[●]

AND

REFORMATION INC.

Dated as of July [●], 2026.

SECURITIES REPURCHASE AGREEMENT

THIS SECURITIES REPURCHASE AGREEMENT (this “Agreement”) is made and entered into as of July [●], 2026 by and between [●] (“Seller”) and Reformation Inc., a Delaware corporation (the “Company”).

WHEREAS, the Company intends to effect the Initial Public Offering (as defined below) and, in connection with the Initial Public Offering, the Company and Seller propose to enter into a transaction whereby Seller shall sell to the Company, and the Company shall purchase from Seller, the number of shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), stock options to acquire Common Stock (“Options”) and restricted stock units (“RSUs” and, together with the Common Stock and Options, the “Seller Securities”) set forth in Schedule I hereto.

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Exhibit 10.20

REFORMATION INC

EXECUTIVE INCENTIVE COMPENSATION PLAN

1.             Purposes of the Plan. The Plan is intended to increase stockholder value and the success of the Company by motivating Employees to (i) perform to the best of their abilities and (ii) achieve the Company’s objectives.

2.             Definitions.

(a)            “Actual Award” means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period, subject to the Committee’s authority under Section 3(d) to modify the award.

(b)            “Affiliate” means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlled by the Company.

(c)            “Board” means the Board of Directors of the Company.

(d)            “Bonus Pool” means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

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CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. SUCH INFORMATION HAS BEEN MARKED WITH “[***]” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE.

SINGLE-TENANT LEASE

1.      BASIC TERMS:

This Section 1 contains the Basic Terms of this lease (this “Lease”) between Landlord and Tenant, as each is named below. Other Sections of the Lease referred to in this Section explain and define the Basic Terms and are to be read in conjunction with the Basic Terms.

1.1.            Effective Date of Lease: June 7, 2024.

1.2.            Landlord: 5801 SECOND STREET, LLC, a Delaware limited liability company.

1.3.            Tenant: LYMI Inc., a Delaware corporation.

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