Common use of Award of Deferred Stock Units Clause in Contracts

Award of Deferred Stock Units. Quest Resource Holding Corporation, a Nevada corporation (the “Company”), hereby grants, as of _____________ (the “Date of Grant”), to ______________ (the “Recipient”), the right to receive, at the times specified in Section 2 hereof, shares of the Company’s common stock, par value $0.001 per share (collectively the “DSUs”) equal to the deferred portion of the Recipient’s annual retainer for serving as a member of the Company’s Board of Directors, equal to $_______ (the “Retainer”). The DSUs shall be subject to the terms, provisions and restrictions set forth in this Agreement and the Company’s 2024 Incentive Compensation Plan (as may be amended from time to time, the “Plan”) and the Election Form, which are incorporated herein for all purposes. As a condition to entering into this Agreement, and to the issuance of any Shares (or any other securities of the Company pursuant thereto), the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.

Award of Deferred Stock Units. Quest Resource Holding Corporation, a Nevada corporation (the “Company”), hereby grants, as of _________________ (the “Date of Grant”), to __________________ (the “Recipient”), the right to receive, at the times specified in Section 2 hereof, shares of the Company’s common stock, par value $0.001 per share (collectively the “DSUs”) equal to the deferred portion of the Recipient’s annual retainer for serving as a member of the Company’s Board of Directors, equal to $_______ _1 (the “Retainer”). The DSUs shall be subject to the terms, provisions and restrictions set forth in this Agreement and the Company’s 2024 2012 Incentive Compensation Plan (as may be amended from time to time, and restated) (the “Plan”) and the Election Form, which are incorporated herein for all purposes. As a condition to entering into this Agreement, and to the issuance of any Shares (or any other securities of the Company pursuant thereto), the Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.