Document:

Exhibit 10.9

 

SYSOREX GLOBAL HOLDINGS CORP.

2011 EMPLOYEE STOCK INCENTIVE PLAN

 

INCENTIVE STOCK OPTION AGREEMENT

 

This INCENTIVE STOCK OPTION
AGREEMENT (the "Option Agreement"), dated as of the __ day of ___________, 2014 (the "Grant Date"), is between
Sysorex Global Holdings Corp., a Nevada corporation (the "Company"), and ___________________(the "Optionee"),
a key employee of the Company or of a Subsidiary of the Company (a "Related Corporation"), pursuant to the Sysorex Global
Holdings Corp. 2011 Employee Stock Incentive Plan (the "Plan").

 

WHEREAS, the Company desires
to give the Optionee the opportunity to purchase shares of common stock of the Company, par value $0.001 ("Common Shares")
in accordance with the provisions of the Plan, a copy of which is attached hereto;

 

NOW THEREFORE, in consideration
of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto, intending to be
legally bound hereby, agree as follows:

 

1.          Grant of Option.
The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate
of ________________Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject
in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the
extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made
a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted
hereunder is intended to be an incentive stock option ("ISO") meeting the requirements of the Plan and Section 422 of
the Internal Revenue Code of 1986, as amended (the "Code"), and not a nonqualified stock option ("NQSO").

 

2.          Exercise Price. The
exercise price of the Common Shares covered by this Option shall be $______ per share. It is the determination of the committee
administering the Plan (the "Committee") that on the Grant Date the exercise price was not less than the greater of (i)
100% (110% for an Optionee who owns more than 10% of the total combined voting power of all shares of stock of the Company or of
a Related Corporation - a "More-Than-10% Owner") of the "Fair Market Value" (as defined in the Plan) of a Common
Share, or (ii) the par value of a Common Share.

 

3.          Term. Unless earlier
terminated pursuant to any provision of the Plan or of this Option Agreement, this Option shall expire on ________________(the
"Expiration Date"), which date is not more than 10 years (five [5] years in the case of a More- Than-10% Owner) from
the Grant Date. This Option shall not be exercisable on or after the Expiration Date.

 

4.          Exercise of Option.
The Option shall vest and become immediately exercisable to the extent of ____________shares on the Grant Date and to the remaining
__________ shares in __________ increments on each of the first ___________ anniversary dates from the Grant Date.

 

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5.          Method of Exercising
Option. Subject to the terms and conditions of this Option Agreement and the Plan, the Option may be exercised by written notice
to the Company at its principal office. The form of such notice is attached hereto and shall state the election to exercise the
Option and the number of whole shares with respect to which it is being exercised; shall be signed by the person or persons so
exercising the Option; and shall be accompanied by payment of the full exercise price .of such shares. Only full shares will be
issued.

 

The exercise price shall
be paid to the Company: 

 

(a)         in cash, or by certified
check, bank draft, or postal or express money order;

 

(b)         through the delivery
of Common Shares previously acquired by the Optionee;

 

(c)         by delivering a
properly executed notice of exercise of the Option to the Company and a broker, with irrevocable instructions to the broker promptly
to deliver to the Company the amount necessary to pay the exercise price of the Option;

 

(d)         in Common Shares
newly acquired by the Optionee upon exercise of the Option (which shall constitute a disqualifying disposition with respect to
this ISO); or

 

 (e)         in any combination of (a), (b), (c) or (d) above.

 

(f)         Cashless Exercise.
At the option of the Optionee, the Optionee may exercise all or a portion of the Option, without a cash payment of the Exercise
Price, through a reduction in the number of Shares issuable upon the exercise of the Option. Such reduction may be effected by
designating that the number of Shares issuable to the Optionee upon such exercise shall be reduced by the number of shares of Common
Stock having an aggregate Fair Market Value as of the date of exercise equal to the amount of the aggregate purchase price for
such exercise as to the number of Common Shares to be issued to the Optionee upon such exercise.

 

In the event the exercise
price is paid, in whole or in part, with Common Shares, the portion of the exercise price so paid shall be equal to the Fair Market
Value of the Common Shares surrendered on the date of exercise.

 

Upon receipt of notice
of exercise and payment, the Company shall deliver a certificate or certificates representing the Common Shares with respect to
which the Option is so exercised. The Optionee shall obtain the rights of a shareholder upon receipt of a certificate(s) representing
such Common Shares.

 

Such certificate(s) shall
be registered in the name of the person so exercising the Option (or, if the Option is exercised by the Optionee and if the Optionee
so requests in the notice exercising the Option, shall be registered in the name of the Optionee and the Optionee's spouse, jointly,
with right of survivorship), and shall be delivered as provided above to, or upon the written order of, the person exercising the
Option. In the event the Option is exercised by any person after the death or disability (as determined in accordance with Section
22(e)(3) of the Code) of the Optionee, the notice shall be accompanied by appropriate proof of the right of such person to exercise
the Option. All Common Shares that are purchased upon exercise of the Option as provided herein shall be fully paid and non-assessable.

 

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Upon exercise of the Option,
Optionee shall be responsible for all employment and income taxes then or thereafter due (whether Federal, State or local), and
if the Optionee does not remit to the Company sufficient cash (or, with the consent of the Committee, Common Shares) to satisfy
all applicable withholding requirements, the Company shall be entitled to satisfy any withholding requirements for any such tax
by disposing of Common Shares at exercise, withholding cash from Optionee's salary or other compensation or such other means as
the Committee considers appropriate to the fullest extent permitted by applicable law. Nothing in the preceding sentence shall
impair or limit the Company's rights with respect to satisfying withholding obligations under Section 10 of the Plan.

 

6.         Non-Transferability
of Option. This Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws
of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the
event of his or her disability, by his or her guardian or legal representative.

 

7.         Termination of Employment.
If the Optionee's employment with the Company and all Related Corporations is terminated for any reason (other than death or disability)
prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with
respect to which the Optionee could have exercised it on the date of such termination of employment, at any time prior to the earlier
of (i) the Expiration Date, or (ii) three months after such termination of employment. Any part of the Option that was not exercisable
immediately before the termination of Optionee's employment shall terminate at that time.

 

8.         Disability. If the
Optionee becomes disabled (as determined in accordance with section 22(e)(3) of the Code) during his or her employment and, prior
to the Expiration Date, the Optionee's employment is terminated as a consequence of such disability, then this Option may be exercised
by the Optionee or by the Optionee's legal representative, to the extent of the number of Common Shares with respect to which the
Optionee could have exercised it on the date of such termination of employment at any time prior to the earlier of (i) the Expiration
Date or (ii) one year after such termination of employment. Any part of the Option that was not exercisable immediately before
the Optionee's termination of employment shall terminate at that time.

 

9.          Death. If the Optionee
dies during his or her employment and prior to the Expiration Date, or if the Optionee's employment is terminated for any reason
(as described in Paragraphs 7 and 8) and the Optionee dies following his or her termination of employment but prior to the earliest
of (i) the Expiration Date, or (ii) the expiration of the period determined under Paragraph 7 or 8 (as applicable to the Optionee),
then this Option may be exercised by the Optionee's estate, personal representative or beneficiary who acquired the right to exercise
this Option by bequest or inheritance or by reason of the Optionee's death, to the extent of the number of Common Shares with respect
to which the Optionee could have exercised it on the date of his or her death, at any time prior to the earlier of (i) the Expiration
Date or (ii) one year after the date of the Optionee's death. Any part of the Option that was not exercisable immediately before
the Optionee's death shall terminate at that time.

 

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10.         Disqualifying Disposition
of Option Shares. The Optionee agrees to give written notice to the Company, at its principal office, if a "disposition"
of the Common Shares acquired through exercise of the Option granted hereunder occurs at any time within two years after the Grant
Date or within one year after the transfer to the Optionee of such shares. Optionee acknowledges that if such disposition occurs,
the Optionee generally will recognize ordinary income as of the date the Option was exercised in an amount equal to the lesser
of (i) the Fair Market Value of the Common Shares on the date of exercise minus the exercise price, or (ii) the amount realized
on disposition of such shares minus the exercise price. If requested by the Company at the time of and in the case of any such
disposition, Optionee shall pay to the Company an amount sufficient to satisfy the Company's federal, state and local withholding
tax obligations with respect to such disposition. The provisions of this Section 10 shall apply, whether or not the Optionee is
in the employ of the Company at the time of the relevant disposition. For purposes of this Paragraph, the term "disposition"
shall have the meaning assigned to such term by section 424(c) of the Code.

 

11.         Securities Matters.
(a) If, at any time, counsel to the Company shall determine that the listing, registration or qualification of the Common Shares
subject to the Option upon any securities exchange or under any state or federal law, or the consent or approval of any governmental
or regulatory body, or that the disclosure of non-public information or the satisfaction of any other condition is necessary as
a condition of, or in connection with, the issuance or purchase of Common Shares hereunder, such Option may not be exercised, in
whole or in part, unless such listing, registration, qualification, consent or approval, or satisfaction of such condition shall
have been effected or obtained on conditions acceptable to the Board of Directors. The Company shall be under no obligation to
apply for or to obtain such listing, registration or qualification, or to satisfy such condition. The Committee shall inform the
Optionee in writing of any decision to defer or prohibit the exercise of an Option. During the period that the effectiveness of
the exercise of an Option has been deferred or prohibited, the Optionee may, by written notice, withdraw the Optionee's decision
to exercise and obtain a refund of any amount paid with respect thereto.

 

(b)         The Company may
require: (i) the Optionee (or any other person exercising the Option in the case of the Optionee's death or Disability) as a condition
of exercising the Option, to give written assurances, in substance and form satisfactory to the Company, to the effect that such
person is acquiring the Common Shares subject to the Option for his or her own account for investment and not with any present
intention of selling or otherwise distributing the same, and to make such other representations or covenants; and (ii) that any
certificates for Common Shares delivered in connection with the exercise of the Option bear such legends, in each case as the Company
deems necessary or appropriate, in order to comply with federal and applicable state securities laws, to comply with covenants
or representations made by the Company in connection with any public offering of its Common Shares or otherwise. The Optionee specifically
understands and agrees that the Common Shares, if and when issued upon exercise of the Option, may be "restricted securities,"
as that term is defined in Rule 144 under the Securities Act of 1933 and, accordingly, the Optionee may be required to hold the
shares indefinitely unless they are registered under such Securities Act of 1933, as amended, or an exemption from such registration
is available.

 

(c)         The Optionee shall
have no rights as a shareholder with respect to any Common Shares covered by the Option (including, without limitation, any rights
to receive dividends or non-cash distributions with respect to such shares) until the date of issue of a stock certificate to the
Optionee for such Common Shares. No adjustment shall be made for dividends or other rights for which the record date is prior to
the date such stock certificate is issued.

 

12.         Governing Law. This
Option Agreement shall be governed by the applicable Code provisions to the maximum extent possible. Otherwise, the laws of the
State of Nevada (without reference to the principles of conflict of laws) shall govern the operation of, and the rights of the
Optionee under, the Plan and Options granted thereunder.

  

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
the parties hereto have duly executed this Incentive Stock Option Agreement as of the _________day of __________, 2014.

 

	 	SYSOREX GLOBAL HOLDINGS CORP.
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	 	Optionee:

  

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SYSOREX GLOBAL HOLDINGS CORP.

2011 EMPLOYEE STOCK INCENTIVE PLAN

 

Notice of Exercise of Incentive Stock Option

 

I hereby exercise the incentive
stock option granted to me pursuant to the Incentive Stock Option Agreement dated as of ______________, by Sysorex Global Holdings
Corp. (the "Company"), with respect to the following number of shares of the Company's common stock ("Shares"),
par value $0.001 per Share, covered by said option:

 

Number of Shares
to be purchased:    __________

 

Purchase price
per Share:                      $ ________

 

Total purchase
price:                             $ ________

 

	_____ A.	Enclosed is cash or my certified check, bank draft, or postal or express money order in the amount of $ in full/partial [circle
one] payment for such Shares;

 

and/or

 

	_____ B.	Enclosed is/are _____ Share(s) with a total fair market value of $_________ on the date hereof in full/partial [circle one]
payment for such Shares;

 

and/or

 

	_____ C.	I have provided notice to [insert name of broker], a broker, who will render full/partial [circle one] payment for
such Shares. [Optionee should attach to the notice of exercise provided to such broker a copy of this Notice of Exercise and
irrevocable instructions to pay to the Company the full/partial (as elected above) exercise price.]

 

and/or

 

	_____ D.	I elect to satisfy the payment for Shares purchased hereunder by having the Company withhold newly acquired Shares pursuant to
the exercise of the Option. I understand that this will result in a "disqualifying disposition" as described in Section
10 of my Incentive Stock Option Agreement.

 

and/or

 

	_____ E.	I elect to satisfy the payment for Shares purchased hereunder by having the Company reduce the number of Shares issuable to me
equal to the number of Shares having an aggregate Fair Market Value as of the date of exercise equal to the aggregate purchase
price for such Shares under the terms of my Incentive Stock Option Agreement.

 

    	-6-

    	 

    

 

Please have the certificate or certificates
representing the purchased Shares registered in the following name or names*:__________________________________; and sent to:

________________________________________________________________________.

 

DATED: ____________ ___, 20___

 

 

________________________

Optionee's Signature

 

___________________

* Certificates may be registered in the name
of the Optionee alone or in the joint names (with right of survivorship) of the Optionee and his or her spouse.

 

 

-7-EX-10.6

 Exhibit 10.6 

October 23, 2014 
 FRESHPET, INC. 

400 Plaza Drive 
 Secaucus, NJ 07094 

Attention: Richard Kassar 
 Re: Consent and Fifth Amendment to
Amended and Restated Credit Agreement (this “Amendment”) 
 Ladies and Gentlemen: 

We refer to that certain Amended and Restated Credit Agreement dated as of April 15, 2013, as amended by that certain First Amendment to Amended and
Restated Credit Agreement, dated as of May 7, 2013, Second Amendment to Amended and Restated Credit Agreement, dated as of July 3, 2013, Third Amendment to Amended and Restated Credit Agreement, dated as of September 30, 2013, and
Fourth Amendment to Amended and Restated Credit Agreement, dated as of May 28, 2014 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among
(1) Freshpet, Inc. (formerly known as Professor Connor’s, Inc.), a Delaware corporation, (“Borrower”), (2) the lenders party thereto from time to time (the “Lenders”) and (3) OneWest Bank N.A.
(formerly known as OneWest Bank, FSB), as administrative agent to the Lenders (the “Agent”). Capitalized terms used herein and not defined shall have the meanings assigned to them in the Credit Agreement (as amended by this
Amendment). 
 1. Consent to Bridge Financing. 

(a) Notwithstanding anything to the contrary in the Credit Agreement, the Agent and the Majority Lenders hereby consent to the Bridge Financing,
including payment of any fees, original issue discount and expenses, which consent shall include among other things: (i) terms of the Bridge Financing, (ii) the execution and delivery of the Convertible Notes, and (iii) the
performance of the Borrower of its obligations thereunder including any prepayment in accordance with its terms. 
 (b) The consents contained herein
are limited consents and (i) shall only be relied upon and used for the specific purpose set forth herein, (ii) shall not constitute nor be deemed to constitute a waiver, except as otherwise expressly set forth herein, of (A) any
Default or Event of Default or (B) any term or condition of the Credit Agreement and the other Loan Documents, (iii) shall not constitute nor be deemed to constitute a consent by the Administrative Agent or any Lender to anything other
than the specific purpose set forth herein and (iv) shall not constitute a custom or course of dealing among the parties hereto. 

 2. Amendment to the Credit Agreement. 

(a) Section 1.1 of the Credit Agreement is hereby amended by adding the following new definitions in appropriate alphabetical order, or if such
definitions already exist, amending and restating them respectively as follows: 
 “Bridge Financing”: means such
unsecured convertible promissory notes to be issued from time to time by the Borrower to one or more of its existing stockholders (or their affiliates) in an aggregate amount not to exceed $3,000,000 (any such promissory notes issued, collectively,
the “Convertible Notes”). Each such Convertible Note shall be substantially in the form of Exhibit A attached hereto. 
 (b)
Section 6.2 of the Credit Agreement is hereby amended as follows: (i) deleting the word “and” at the end of clause (g) thereof; (ii) renumbering clause (h) therein as clause (i) therein, and
(iii) adding a new clause (h) as follows: “(h) the Bridge Financing; and” 
 (c) Section 6.8 of the Credit Agreement
is hereby amended by adding a new clause (c) to the end thereof, to read as follows: 
 “ or (c) the Bridge
Financing.” 
 (d) Section 6.1(a)(i) of the Credit Agreement is hereby deleted in its entirety and replaced with the following: 

“(i) Total Debt (including all loans and other credit extensions outstanding under the Senior Credit Agreement, but excluding any debt owed
(i) to any shareholder of the Borrower or their Affiliates or (ii) by the Borrower in connection with the Bridge Financing) to” 
 3.
Effectiveness. This Amendment shall become effective as of the date first set forth above upon receipt by the Agent of this Amendment duly executed by the Borrower and the Majority Lenders. 

4. Representations. The Borrower represents and warrants to the Agent and the Lenders as follows: (i) it has all requisite power and
authority under applicable law and under its organizational documents to execute, deliver and perform this Amendment, and to perform the Credit Agreement as amended hereby; (ii) all actions, waivers and consents (corporate, regulatory and
otherwise) necessary or appropriate for it to execute, deliver and perform this Amendment, and to perform the Credit Agreement as amended hereby, have been taken and/or received; (iii) this Amendment, and the Credit Agreement, as amended by
this Amendment, constitute the legal, valid and binding obligation of it enforceable against it in accordance with the terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law); (iv) the execution, delivery and performance of this Amendment, and the
performance of the Credit Agreement, as amended hereby, will not violate in any material respect any Requirement of Law applicable to any of the Loan Parties or material Contractual 

  
 -2- 

 
Obligation of any of the Loan Parties, and will not result in, or require, the creation or imposition of any Lien on any of its properties or revenues pursuant to any such Requirement of Law or
such material Contractual Obligation, except as permitted by to the Loan Documents; and (v) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 

5. If you agree to the terms and conditions set forth herein, please evidence your agreement by executing in the space provided below. This Amendment
shall become effective as of the date first set forth above upon execution of this Amendment by the Borrower, the Agent and the Lenders. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or electronically shall be
effective as delivery of a manually executed counterpart of this Amendment. 
 [Remainder of Page Intentionally Left Blank] 

  
 -3- 

 Except as specifically set forth herein, the Credit Agreement is and shall continue to be in full force and
effect and is hereby in all respects ratified and confirmed. 
  

			
	 Very truly yours,
  

ONEWEST BANK N.A. (formerly known as OneWest Bank, FSB), as Agent and Lender

		
	By:	 	/s/ Gary Kirshner
	Name:	 	Gary Kirshner
	Title:	 	Senior Vice President

 Signature Page to Fifth Amendment to Credit Agreement 

 

			
	 Agreed as of the date first written above:
  

CITY NATIONAL BANK,
 as a Lender

		
	By:	 	/s/ Garen Papazyan
	Name:	 	Garen Papazyan
	Title:	 	Senior Vice President

 Signature Page to Fifth Amendment to Credit Agreement 

			
	 BANK OF MONTREAL,
 as a Lender

		
	By:	 	/s/ Richard Kassar
	Name:	 	Richard Kassar
	Title:	 	CFO

 Signature Page to Fifth Amendment to Credit Agreement 

 EXHIBIT A 

FORM OF CONVERTIBLE NOTE 
 [See Attached]

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