Form of Stock Option Award Agreement under the 2010 Stock Incentive Plan



  
 Exhibit 10.42.b

 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 
  

 
 Stock Option
Award Agreement: Employees 
  
  

You are hereby awarded this stock option (the “Option”) to purchase Shares of The Telx Group, Inc. (the
“Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Award Agreement”) and in The Telx Group, Inc. 2010 Stock Incentive Plan (the “Plan”). A copy of
the Plan is attached as Exhibit A. Terms below that begin with capital letters have the special meaning set forth in the Plan (or in this Award Agreement, if defined herein). 

This Award is conditioned on your execution of this Award Agreement within twenty (20) days after the Grant Date specified in
Section 1 below. By executing this Award Agreement, you will be irrevocably agreeing that all of your rights under this Award will be determined solely and exclusively by reference to the terms and conditions of the Plan, subject to the
provisions set forth below. As a result, you should not execute this Award Agreement until you have (i) carefully considered the terms and conditions of the Plan and this Award (including all of the attached Exhibits), and
(ii) consulted with your personal legal and tax advisors about all of these documents. 
  

	1.	Specific Terms. Your Option has the following terms: 

  

			
	Name of Participant	  	
		
	Type of Option	  	 ̈ Incentive Stock Option (ISO) 1     ̈ Non-Incentive Stock Option
(non-ISO)
		
	Grant Date	  	                 , 20    .
		
	Exercise Price	  	U.S. $        .         per Share. 2
		
	Number of Shares subject to this Award	  	                    .
		
	Vesting	  	Your Award will vest with respect to twenty-five percent (25%) of the number of Shares designated above on each the first four annual anniversary dates (each a “Vesting
Date”) of the Grant Date, provided that your Continuous Service has not ended before the particular Vesting Date (subject to the terms of any employment agreement between you and the Company).
		
	Accelerated Vesting	  	You will become 100% vested in your right to exercise this Award if your Continuous Service ends due to your death or your Disability.


 

	1	 Only Employees may receive ISOs. If you directly or indirectly own more than 10% of the voting power of all classes of Common Stock, then the exercise
price for your ISO must be at least 110% of the Fair Market Value of such Shares on the Grant Date, and the term of your ISO cannot exceed 5 years. 


  

	2	 The exercise price must be at least 100% of the Fair Market Value of the underlying Shares, subject to the special rule noted in footnote 1 for certain
ISOs. 










 Stock Option Award Agreement 
 The Telx Group. Inc. 
 2010 Stock Incentive Plan 

 

  

			
	Dividend Equivalent Rights	  	Not applicable to this Award.
		
	Expiration Date	  	     years after Grant Date, at 5:00 p.m. (E.D.T. or E.S.T., as applicable) on the Expiration Date.
		
	Recapture and Recoupment	  	  ̈ Section 14 of the Plan shall apply re Termination, Rescission, and Recapture of
this Award.
  
  ̈ Section 15
shall apply re Recoupment of this Award.


 2. Manner of Exercise. This Option shall be exercised in the manner
set forth in the Plan, using the exercise form attached hereto as Exhibit B. The amount of Shares for which this Option may be exercised is cumulative; that is, if you fail to exercise this Option for all of the Shares vested under
this Option during any period set forth above, then any Shares subject hereto that are not exercised during such period may be exercised during any subsequent period, until the expiration or termination of this Option pursuant to Sections 1 and 4 of
this Award Agreement and the terms of the Plan. Fractional Shares may not be purchased. 
 3. Special ISO Provisions. If
designated as an ISO, this Option shall be treated as an ISO to the extent allowable under Section 422 of the Code, and shall otherwise be treated as a Non-ISO. If you sell or otherwise dispose of Shares acquired upon the exercise of an ISO
within 1 year from the date such Shares were acquired or 2 years from the Grant Date, you agree to deliver a written report to the Company within 10 days following the sale or other disposition of such Shares detailing the net proceeds of such sale
or disposition. 
 4. Termination of Continuous Service. Subject to the terms of any employment agreement between you and the
Company (and/or any Affiliate) that is in effect when your Continuous Service terminates, this Award shall be canceled and become automatically null and void immediately after termination of your Continuous Service for any reason, but only to the
extent your rights under this Option have not become vested, pursuant to the terms of Section 1 above, on or before your Continuous Service ends. 
 5. Designation of Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death
beneficiary (the “Beneficiary”) to your interest if any, in this Award and any underlying Shares. You shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form
attached hereto as Exhibit C (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company. To the extent you do not duly designate a beneficiary who survives
you, your estate will automatically be your beneficiary. 
 6. Restrictions on Transfer of Award. Your rights under this Award
Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Committee, except as hereinafter provided. 
 7. Taxes. Except to the extent otherwise specifically provided in an employment or consulting agreement between you and your employer, by signing this Award Agreement, you acknowledge that
you shall be solely responsible for the satisfaction of any taxes that may arise pursuant to this Award 

  
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 Stock Option Award Agreement 
 The Telx Group. Inc. 
 2010 Stock Incentive Plan 

 

 
(including taxes arising under Sections 409A (regarding deferred compensation) or 4999 (regarding golden parachute excise taxes), and that neither the Company nor the Committee shall have any
obligation whatsoever to pay such taxes or to otherwise indemnify or hold you harmless from any or all of such taxes. The Committee shall have the sole discretion to interpret the requirements of the Code, including Section 409A, for purposes
of the Plan and this Award Agreement. 
 8. Not a Contract of Employment. By executing this Award, you acknowledge and agree that
(i) any person who is terminated before full vesting of an award, such as the one granted to you by this Award Agreement, could claim that he or she was terminated to preclude vesting; (ii) you promise never to make such a claim;
(iii) nothing in this Award Agreement or the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your
employment, service, or consulting relationship at any time, with or without Cause; and (iv) the Company would not have granted this Award to you but for these acknowledgements and agreements. 

9. Investment Purposes. By executing this Award Agreement, you represent and warrant that any Shares issued to you pursuant to your Option
will be held for investment purposes only for your own account, and not with a view to, for resale in connection with, or with an intent in participating directly or indirectly in, any distribution of such Shares within the meaning of the Securities
Act of 1933, as amended. 
 10. Securities Law Prospectus and Restrictions. By executing this Award Agreement you acknowledge that
you have received a copy of the Prospectus describing the Plan. A copy of the Plan’s Prospectus is attached as Exhibit D. Regardless of whether the offering and sale of this Option or Shares under the Plan have been
registered under the Securities Act of 1933, as amended (the “Securities Act”), or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge
or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to
achieve compliance with the Securities Act or the securities laws of any state or any other law or to enforce the intent of this Award. 

11. Headings. Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof. 
 12. Severability.
Every provision of this Award Agreement and of the Plan is intended to be severable. If any term hereof is illegal or invalid for any reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this
Award Agreement. 
 13. Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

14. Notices. Any notice or communication required or permitted by any provision of this Award Agreement to be given to you shall be in
writing and shall be delivered electronically, personally, or sent by certified mail, return receipt requested, addressed to you at the last address that the Company had for you on its records. Each party may, from time to time, by notice to the


  
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 Stock Option Award Agreement 
 The Telx Group. Inc. 
 2010 Stock Incentive Plan 

 

 
other party hereto, specify a new address for delivery of notices relating to this Award Agreement. Any such notice shall be deemed to be given as of the date such notice is personally or
electronically delivered or properly mailed. 
 15. Binding Effect. Except as otherwise provided in this Award Agreement or in the
Plan, every covenant, term, and provision of this Award Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, transferees, and assigns. 

16. Modifications. This Award Agreement may be modified or amended at any time, in accordance with Section 18 of the Plan and provided
that you must consent in writing to any modification that adversely and materially affects any rights or obligations under this Award Agreement. 
 17. Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan, and that your Award Agreement is subject to all the provisions contained in the
Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated and adopted pursuant to the Plan. In the event of a
conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 
 18. Governing
Law. The laws of the Delaware shall govern the validity of this Award Agreement, the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 

BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you and the Company agree that this Award is made
under and governed by the terms and conditions of this Award Agreement and the Plan. 
  

			
	THE TELX GROUP, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	PARTICIPANT


  

			
	The undersigned Participant hereby accepts the terms of this Award Agreement and the Plan.
		
	By:	 	  




			
		
	Name of Participant:	 	  




  
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 Exhibit A

 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 
  

 
 Plan Document

 (attached under this page) 

 
  

  
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 Exhibit B

 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 
  

 
 Form of
Exercise of Stock Option Award Agreement 
  

 
 The Telx Group, Inc.

 [Company Address] 
  

			
	            Attention:	 	  


 Dear Sir or Madam: 
 The undersigned elects to exercise his/her Option to purchase
             shares of Common Stock of The Telx Group, Inc. (the “Company”) under and pursuant to a Stock Option Agreement dated as of
            . 
 1. Method of Exercise (Choose One) 

 ̈    Delivered herewith is a certified or bank cashier’s or
teller’s check and/or shares of Common Stock owned by the undersigned, valued at the closing sale price of the stock on the business day prior to the date of exercise, as follows: 

 

					
	$	 		    	in cash or check
		 	 	    	
	$	 		    	in the form of              shares of Common Stock,
		 	 	    	
		 		    	valued at $         per share
	$	 		    	Total
		 	 	    	

  ̈    Subject to written
consent of the Committee, the undersigned elects a net exercise, hereby authorizing the Company to withhold from the shares otherwise subject to this Option a number of shares sufficient to cover the exercise price and minimum statutory withholding
taxes payable pursuant to this exercise. 
 2. Issuance of Shares. The name or names to be on the stock certificate or certificates and
the address and Social Security Number of such person(s) is as follows: 
  

			
	Name:	 	  



			
		
	Address:	 	  



			
		
	Social Security Number  	  	 

  

							
		 		  	Very truly yours,	  	
				
	  
	 		  	  
	  	
	Date	 		  	Optionee	  	


  
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 Exhibit C

 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 
  

 
 Designation
of Death Beneficiary 
  
  

In connection with the Awards designated below that I have received pursuant to the The Telx Group, Inc. 2010 Stock Incentive Plan (the
“Plan”), I hereby designate the person specified below as the beneficiary upon my death of my interest in such Awards. This designation shall remain in effect until revoked in writing by me. 

 

											
	 Name of Beneficiary:
	 	 	  	
			
	 Address:
	 	 	  	
			
	 Social Security No.:
	 	 	  	

 This beneficiary designation relates to any and all of my rights under the following Award or Awards:

  

			
	  ̈
	  	any Award that I have received or ever receive under the Plan.
		
	  ̈
	  	the              Award that I received pursuant to an award agreement dated
                 ,      between myself and the Company.


I understand that this designation operates to entitle the above named beneficiary, in the event of my death, to any and all of my rights
under the Award(s) designated above from the date this form is delivered to the Company until such date as this designation is revoked in writing by me, including by delivery to the Company of a written designation of beneficiary executed by me on a
later date. 
  

			
	 Date:
	 	  

		
	 By:
	 	  

		 	Name of Participant


  

	
	Sworn to before me this
	             day of             ,
20    
	________________________
	 Notary Public
 County
of    _______________________

	State of _________________


  
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 Exhibit D

 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 
  

 
 Plan
Prospectus 
 (attached under this page) 

 
  

  
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