Document:

EX-10.6

 EXHIBIT 10.6 

FORM OF 
 ARCTIC CAT INC.

 STOCK-SETTLED APPRECIATION RIGHTS AGREEMENT 

This STOCK-SETTLED APPRECIATION RIGHTS AGREEMENT (“Agreement”) is made as of the
            day of             , 20     (the “Effective Date”), between Arctic Cat Inc., a
Minnesota corporation (the “Company”), and                     , an employee of the Company or one or more of its subsidiaries
(“Employee”). 
 WHEREAS, the Company desires, by granting to Employee a stock-settled appreciation right (the
“SSAR”) with respect to the common stock of the Company (the “Common Stock”), to carry out the purpose of the 2013 Omnibus Stock and Incentive Plan (the “2013 Stock Plan”) of the Company approved by
its shareholders. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree, as follows: 
 1.
Award. 
 (a) The SSAR. The Company hereby grants to Employee a SSAR with respect to a total of
            shares of the Common Stock at a grant price of             and     /100 Dollars
($            ) per share (the “Grant Price”), which is equal to the closing sale price of a share of the Common Stock on The Nasdaq Stock Market, or if not so listed,
such other stock exchange on which the Common Stock is listed (“Market Price”), on the Effective Date of this Agreement. 

(b) Issuance of the SSAR. The SSAR shall be issued upon acceptance hereof by Employee and upon satisfaction of the conditions of
this Agreement. 
 (c) 2013 Stock Plan. The SSAR is subject to all of the terms and conditions set forth in the 2013 Stock
Plan, including future amendments thereto, if any. A copy of the 2013 Stock Plan is on file with the Chief Financial Officer of the Company, and Employee, by acceptance hereof, agrees to and accepts this award of the SSAR subject to the terms of the
2013 Stock Plan. 
 2. Exercise of the SSAR. 

(a) Right to Exercise. The SSAR may be exercised, in whole or in part, upon vesting in accordance with subparagraph (b) of
this Paragraph 2 and during the term set forth in Paragraph 6. Upon exercise, Employee shall be entitled to receive from the Company a number of shares of the Common Stock with an aggregate market value on the date of exercise equal to the product
of: (A) the number of shares in respect of which the SSAR is being exercised, multiplied by (B) the excess of (i) the Market Price of one share of the Common Stock on the date or dates of exercise, over (ii) the Grant Price;
provided, however, that the maximum amount of this clause (B) shall be Ten Dollars ($10.00). Fractional shares of the Common Stock shall be paid in cash based on the Market Price on the date of exercise. 

(b) Vesting. The SSAR herein granted shall be exercisable at such time as trading of the Company’s shares of Common Stock
have a Market Price equal to or greater than             and     /100 Dollars ($            ) for thirty
(30) of the preceding forty (40) trading days; provided, however, in no event shall the SSAR be exercisable earlier than one (1) year from the Effective Date of this Agreement (the “First Year”); and provided
further, however, the SSAR herein granted shall not be exercisable with respect to any shares if Employee is not employed by the Company on March 31, 20            for any reason
except Retirement (as defined in the 2013 Stock Plan), in which case a portion of the SSAR which is equivalent to the portion of the First Year in which Employee was not employed by the Company will be forfeited 

 (c) Method of Exercise. The SSAR shall be exercisable by written notice which shall
state the election to exercise the SSAR and the number of shares in respect of which the SSAR is being exercised, and such other representations and agreements as to the holder’s investment intent with respect to the shares to be issued as may
be required by the Company pursuant to the provisions of the 2013 Stock Plan. Such written notice shall be signed by Employee and shall be delivered in person or by certified mail to the Secretary of the Company. The certificate or certificates for
the shares as to which the SSAR shall have been so exercised shall be registered in the name of Employee, or if Employee so elects, in the name of Employee or one other person as joint tenants, and shall be delivered as soon as practicable after the
notice shall have been received. In the event the SSAR shall be exercised by any person other than Employee, such notice shall be accompanied by appropriate proof of the right of such person to exercise the SSAR. The shares issued upon exercise of
the SSAR as provided herein shall be fully paid and nonassessable. 
 (d) Restriction on Exercise. No shares will be issued
pursuant to the exercise of the SSAR unless such issuance and such exercise shall comply with all relevant provisions of law and the requirements of The Nasdaq Stock Market or such other stock exchange on which the Common Stock is listed. Assuming
such compliance, for income tax purposes, the shares shall be considered transferred to Employee on the date on which the SSAR is exercised with respect to such shares. 

3. Adjustment. The number of shares subject to the SSAR herein granted or the Grant Price are subject to adjustment by the
Company’s Board of Directors in the event of an increase or decrease in the number of issued shares of the Common Stock resulting from a subdivision or consolidation of the Common Stock or the payment of a stock dividend on the Common Stock, or
any other increase or decrease in the number of shares of the Common Stock effected without receipt or payment of consideration by the Company. 

4. No Rights of Shareholder. Until stock certificates are issued to Employee, neither Employee nor any beneficiary or transferee
thereof shall have any rights or privileges of a shareholder of the Company with respect to the shares issuable upon conversion of the SSAR. Except as expressly provided in Paragraph 3 or in the Plan, no adjustment to the SSAR shall be made for
dividends or other rights for which the record date occurs prior to the date the certificates representing such shares are issued. 
 5.
Transferability. This SSAR may not be transferred in any manner other than by will or by laws of descent or distribution and may be exercised during the lifetime of Employee only by Employee. More particularly (but without limiting the
generality of the foregoing), the SSAR may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; shall not be assignable by operation of law; and shall not be subject to execution, attachment, or similar
process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the SSAR contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the SSAR, shall be null and void and without
effect. The terms of the SSAR shall be binding upon Employee and his or her personal representative, heirs, successors and assigns. 
 6.
Term. This SSAR shall immediately terminate on the fifth (5th) anniversary of the Grant Date and be of no further force and effect. 

7. Withholding Taxes. Upon the exercise of the vested SSAR, Employee authorizes the Company to withhold a portion of the shares
that Employee would otherwise be entitled to receive upon exercise of the SSAR, which is equal in value to an amount sufficient to satisfy any applicable federal, state, local and foreign withholding or other taxes. 

8. Termination of Employment Relationship. Subject to Paragraph 2(b), in the event the employment of Employee shall be terminated
for any reason whatsoever, the SSAR may be exercised by Employee at any time (i) until the date that is twelve (12) months after the date the SSAR becomes vested or the date of Retirement (as defined in the 2013 Stock Plan), whichever is
later, if such termination was by reason of Retirement, (ii) within one (1) month after such termination if such termination was for any reason other than Retirement, Cause (as defined in the 2013 Stock Plan) or as provided in paragraph 9
hereof, and (iii) no later than the date of termination if such termination was for Cause; provided, however, that in no event may the SSAR be exercised later than the expiration of the term specified in paragraph 6. Unless otherwise
determined by the Committee in writing after the date of this Agreement, (A) upon termination by reason of Retirement, the SSAR will continue to vest in accordance with its terms, and (B) upon termination for any reason other than
Retirement, the SSAR shall be exercisable only to the extent Employee shall have 

  
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been entitled to do so at the date of his or her termination of employment. So long as Employee shall continue to be an employee of the Company or one or more of its subsidiaries, the SSAR shall
not be affected by any change of duties or position. Nothing in this Agreement shall confer upon Employee any right to continue in the employ of the Company or of any of its subsidiaries or interfere in any way with the right of the Company or any
such subsidiary to terminate the employment of Employee at any time. 
 9. Death or Permanent Disability of Employee. If
Employee shall die while still employed by the Company or one or more of its subsidiaries, or shall become permanently and totally disabled (as determined by the Committee) while still employed by the Company or one or more of its subsidiaries, the
SSAR may be exercised (to the extent that Employee shall have been entitled to do so at the date of his or her death or termination by reason of permanent and total disability, unless otherwise determined by the Committee in writing after the date
of this Agreement) by Employee, his or her legal representative or the person to whom the SSAR is transferred by will or the applicable laws of descent and distribution, at any time within twelve (12) months after Employee’s death or
termination by reason of permanent and total disability, but in no event later than the expiration of the term specified in paragraph 6 hereof. 

10. Company Authority. The existence of the SSAR herein granted shall not affect in any way the right or power of the Company or
its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issuance of bonds,
debentures, preferred or prior preference stock ahead of or affecting the Common Stock or its rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise. 
 11. Disputes. As a condition of the granting of the SSAR
herein granted, Employee agrees, for Employee and Employee’s personal representatives, that any dispute or disagreement which may arise under or as a result of or pursuant to this Agreement shall be determined by the Board of Directors of the
Company, in its sole discretion, and that any interpretation of the Board of the terms of this Agreement shall be final, binding and conclusive. 

12. Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all
persons lawfully claiming under Employee. 
 13. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Minnesota. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed
by an officer thereunto duly authorized, and Employee has executed this Agreement, all as of the date first above written. 
  

			
	ARCTIC CAT INC.
		
	By:	 	  

		 	 Chief Executive Officer

	
	  

Employee

  
 3EX-10.1

 Exhibit 10.1 

THIRD AMENDMENT 
 TO

 LOAN AND SECURITY AGREEMENT 

THIS THIRD AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into as of July 22, 2013, by
and among OXFORD FINANCE LLC, a Delaware limited liability company with an office located at 133 North Fairfax Street, Alexandria, Virginia 22314 (“Oxford”), as collateral agent (in such capacity, “Collateral
Agent”), the Lenders listed on Schedule 1.1 hereof or otherwise a party hereto from time to time including Oxford in its capacity as a Lender and SILICON VALLEY BANK, a California corporation with an office located at 3003 Tasman
Drive, Santa Clara, CA 95054 (“Bank” or “SVB”) (each a “Lender” and collectively, the “Lenders”), and NANOSTRING TECHNOLOGIES, INC., a Delaware corporation with offices
located at 530 Fairview Avenue N, Suite 2000, Seattle, WA 98109 (“Borrower”). 
 RECITALS 

A. Lenders and Borrower have entered into that certain Loan and Security Agreement dated as of March 30, 2012 (as the same may
from time to time be further amended, modified, supplemented or restated, including but without limitation by that certain First Amendment to Loan and Security Agreement dated as of December 31, 2012, and that certain Second Amendment to Loan
and Security Agreement dated as of April 30, 2013, collectively, the “Loan Agreement”). 
 B. Lenders have
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Lenders amend the
Loan Agreement as more fully set forth herein. 
 D. Lenders have agreed to so amend certain provisions of the Loan Agreement, but
only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1.
Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

2. Amendments to Loan Agreement. 

2.1 Section 13 (Definitions). Subsection (f) of the defined term “Permitted Indebtedness” in Section 13.1 of
the Loan Agreement hereby is amended and restated in its entirety to read as follows: 
 “(f) Indebtedness consisting of
capitalized lease obligations and purchase money Indebtedness, in each case incurred by Borrower or any of its Subsidiaries to finance the acquisition, repair, improvement or construction of fixed or capital assets of such person, provided that
(i) the aggregate outstanding principal amount of all such Indebtedness does not exceed Five Hundred Thousand Dollars ($500,000) at any time and (ii) the principal amount of such Indebtedness does not exceed the lower of the cost or fair
market value of the property so acquired or built or of such repairs or improvements financed with such Indebtedness (each measured at the time of such acquisition, repair, improvement or construction is made);” 

  
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 2.2 Section 13 (Definitions). Subsection (c) of the defined term “Permitted
Liens” in Section 13.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“(c) liens securing Indebtedness permitted under clause (f) of the definition of “Permitted Indebtedness,”
provided that (i) such liens exist prior to the acquisition of, or attach substantially simultaneous with, or within thirty (30) days after the, acquisition, lease, repair, improvement or construction of, such property financed or leased
by such Indebtedness and (ii) such liens do not extend to any property of Borrower other than the property (and proceeds thereof) acquired, leased or built, or the improvements or repairs, financed by such Indebtedness;” 

3. Limitation of Amendment. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited
precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Lenders may now have or may
have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as
part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce each Lender to enter into this Amendment, Borrower hereby represents and warrants to each
Lender as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in
the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to each Lender on the Effective Date or thereafter remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts.
This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

  
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 6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution
and delivery to Lenders of this Amendment by each party hereto and (b) Borrower’s payment of all Lenders’ Expenses incurred through the date hereof, which may be debited from any of Borrower’s accounts with Lenders. 

7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State California without
regard to principles thereof regarding conflict of laws. 
 [Balance of Page Intentionally Left
Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BORROWER:
	
	NANOSTRING TECHNOLOGIES, INC.
		
	By:	 	/s/ James A. Johnson
	Name:	 	James A. Johnson
	Title:	 	Chief Financial Officer

  

			
	COLLATERAL AGENT AND LENDER:
	
	OXFORD FINANCE LLC
		
	By:	 	/s/ Mark Davis
	Name:	 	Mark Davis
	Title:	 	Vice-President-Finance, Secretary & Treasurer

  

			
	LENDER:
	
	SILICON VALLEY BANK
		
	By:	 	/s/ Nathan Sackett
	Name:	 	Nathan Sackett
	Title:	 	Vice President

  
 [Signature Page
to Third Amendment to Loan and Security Agreement] 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	LENDER:
	
	 Oxford Finance Funding I, LLC
 By:
Oxford Finance LLC, as Servicer

		
	By:	 	/s/ Mark Davis
	Name:	 	Mark Davis
	Title:	 	Vice-President-Finance, Secretary & Treasurer

  

			
	LENDER:
	
	 Oxford Finance Funding Trust 2012-1

By: Oxford Finance LLC, as Servicer

		
	By:	 	/s/ Mark Davis
	Name:	 	Mark Davis
	Title:	 	Vice-President-Finance, Secretary & Treasurer

  

			
	LENDER:
	
	 Oxford Finance Funding III, LLC
 By:
Oxford Finance LLC, as Servicer

		
	By:	 	/s/ Mark Davis
	Name:	 	Mark Davis
	Title:	 	Vice-President-Finance, Secretary & Treasurer

  
 [Signature Page
to Third Amendment to Loan and Security Agreement]

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