Document:

Voting Agreement dated January 3, 2006

 Exhibit 4.2 
  

Voting Agreement 
  
 THIS VOTING AGREEMENT (this “Agreement”) is made and entered into as of January 3, 2006, by
and among OurPet’s Company, a Colorado corporation (the “Company”), Steven Tsengas, Evangelia S. Tsengas, Konstantine S. Tsengas, Nicholas S. Tsengas, Senk Properties, Joseph T. Aveni, Carl Fazio, Jr., and John G. Murchie (together,
the “OurPet’s Stockholders”), and Pet Zone Products Ltd., an Ohio limited liability company (“Pet Zone”), Capital One Partners, LLC, an Ohio limited liability company, LJR Limited Partnership, an Ohio limited partnership,
Nottingham Ventures, Ltd., an Ohio limited liability company, and Spirk Ventures, Ltd., an Ohio limited liability company (together with Pet Zone, the “Pet Zone Stockholders”). 
  
 WHEREAS, as of the date of this Agreement, the OurPet’s Stockholders are the legal and beneficial owners
of the number of shares of the Company’s common stock, no par value (the “Stock”), listed on attached Exhibit 1. 
  
 WHEREAS, each of Joseph T. Aveni, Carl Fazio, Jr. and Steven Tsengas is currently a director of the Company; 
  
 WHEREAS, the Company is acquiring substantially all of the
assets of Pet Zone pursuant to an asset purchase agreement of even date (the “Transaction”); 
  
 WHEREAS, the Company is issuing 3,082,000 shares of its Stock and warrants to purchase an additional 2,729,000 shares of its Stock to Pet
Zone as part of the Transaction; 
  
 WHEREAS, the
Pet Zone Stockholders are the owners of Pet Zone; 
  
 WHEREAS, the Company’s current board of directors has five seats, with one vacancy; 
  
 WHEREAS, in connection with the Transaction, Benjamin D. Suarez is resigning from the Company’s board and the remaining directors are
appointing James D. Ireland III and John Spirk directors to fill the two empty board seats; 
  
 WHEREAS, the OurPet’s Stockholders, Pet Zone and the Pet Zone Stockholders are referred to below collectively as the “Stockholders” and individually as a “Stockholder;”

  
 WHEREAS, the Stockholders believe that it is in
their mutual best interest (i) that qualified persons serve the Company as members of its board of directors to provide advice as to the Company’s management, policies, administration and development and (ii) to make provision for the
voting of the Stock and any other class of capital stock of the Company entitled to vote (together with the Stock, the “Voting Stock”) held by the Stockholders and certain other matters concerning the governance of the Company; and

 NOW, THEREFORE, in consideration of the foregoing, and of the mutual
promises set forth below and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 1. Scope and Term of Agreement 
  
 1.1 Scope of Agreement. This Agreement shall govern the voting of all shares of Voting Stock of which any Stockholder
is now or in the future becomes the legal or beneficial owner, including, without limitation, any shares of Voting Stock acquired upon the exercise of any warrants or stock options issued by the Company, with respect to the appointment or election
of directors of the Company. For purposes of this Agreement, the term “beneficial owner” has the meaning assigned to it in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended. 
  
 1.2 Effect of Transfer of Shares. If any Stockholder voluntarily or
involuntarily transfers, sells, assigns, exchanges, gifts, pledges or otherwise disposes of any of his or its shares of Voting Stock to any person or entity other than an Affiliated Transferee (as defined below), the acquiror of the shares shall not
acquire any rights under this Agreement and shall not be considered a “Stockholder” under the Agreement. For purposes of this Agreement, an “Affiliated Transferee” means any of the following: (i) any other Stockholder;
(ii) the spouse or a lineal descendant of the transferring Stockholder, if such transferring Stockholder is a natural person; (iii) to the estate of the transferring Stockholder upon his or her death, if such transferring Stockholder is a
natural person; (iv) to a trust created by or on behalf of the transferring Stockholder, if such transferring Stockholder is a natural person and the primary beneficiaries of the trust are any one or more of the transferring Stockholder, his or
her spouse, his or her lineal descendants and their spouses and any organization described in § 2055(a) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder; (v) if the transferring Stockholder is a
trust, to any one or more beneficiaries of such trust who are described in clause (iv) of this sentence (determined as if the settlor of the trust was the transferring Stockholder); (vi) if the transferring Stockholder is not a natural
person, to any one or more stockholders, partners, members or other owners of such entity; or (vii) an “affiliate” of the Stockholder as defined in Rule 144(a)(1) promulgated under the Securities Act of 1933, as amended. For purposes
of this Agreement, an Affiliated Transferee shall acquire all of the rights and be bound by all of the obligations under this Agreement of the transferring Stockholder with respect to the transferred shares of Voting Stock. Any Affiliated Transferee
shall be required to sign an instrument of joinder in the form attached as Exhibit 3 agreeing to be subject to the terms of this Agreement. 
  
 1.3 Term of Agreement. This Agreement will terminate upon the first to occur of (i) the death or dissolution of the last of the Stockholders
having any rights or obligations under this Agreement, or (ii) the mutual written agreement of all of the Stockholders to terminate this Agreement. 
  

 2 

 2. Election of Directors 
  
 2.1 Composition of the Board of Directors. Notwithstanding anything to the contrary in the certificate of
incorporation or by-laws of the Company as in effect from time to time, and subject to applicable law, each of the Stockholders agrees to take, or cause any persons or entities under his or its control to take, all necessary or desirable actions
within his or its control (whether as a director, member of a committee of the board of directors or officer of the Company and including, without limitation, voting all shares of Voting Stock under his or its direction or control and, to the extent
permitted by the certificate of incorporation or by-laws of the Company, each as then in effect, executing and delivering any written consents of stockholders and calling special stockholders’ meetings) to ensure that the board of directors of
the Company shall at all times consist of five members. 
  
 2.2
Election of Tsengas’ Designees. Each Stockholder agrees to take, or cause any persons or entities under his or its control to take, all necessary or desirable actions within his or its control (whether as a director, member of a
committee of the board of directors or officer of the Company and including, without limitation, voting all shares of Voting Stock under his or its direction or control and, to the extent permitted by the certificate of incorporation or by-laws of
the Company, each as then in effect, executing and delivering any written consents of stockholders and calling special stockholders’ meetings) to elect to the board of directors of the Company three persons designated by Steven Tsengas.
Dr. Tsengas’ initial designees are himself, Joseph T. Aveni and Carl Fazio, Jr. If a director selected by Dr. Tsengas ceases to be a member of the board for any reason, Dr. Tsengas shall have the right to direct the appointment
or election of his successor. The OurPet’s Stockholders may designate a new representative to replace Dr. Tsengas by notifying the Company in writing of his successor by the vote or consent of a majority of the shares of Stock held by the
OurPet’s Stockholders. 
  
 2.3 Election of Pet Zone’s
Designees. Each Stockholder agrees to take, or cause any persons or entities under his or its control to take, all necessary or desirable actions within his or its control (whether as a director, member of a committee of the board of directors
or officer of the Company and including, without limitation, voting all shares of Voting Stock under his or its direction or control and, to the extent permitted by the certificate of incorporation or by-laws of the Company, each as then in effect,
executing and delivering any written consents of stockholders and calling special stockholders’ meetings) to elect to the board of directors of the Company: (i) if the Pet Zone Shareholders are the beneficial owners of at least 75% of
initial shares of Stock, two persons designated by Pet Zone; or (ii) if the Pet Zone Stockholders are the beneficial owners of more than 50% of initial shares, but less than 75% of initial shares of Stock, one person designated by Pet Zone. If
the Pet Zone Stockholders ceases to be the beneficial owner of more than 50% of the initial shares of Stock, then the Pet Zone Stockholders will cease to have the right to cause the other Stockholders to elect any of their designees under this
section. Pet Zone’s initial designees are James D. Ireland, III and John Spirk. If a director selected by Pet Zone ceases to be a member of the board for any reason, Pet Zone shall have the right to direct the appointment or election of his or
her successor. The Company’s board of directors shall adjust the Stock ownership thresholds of this section if the number of shares of outstanding Stock is increased or decreased by a stock split, combination, dividend in shares or similar
transaction. If any Pet Zone Stockholder fails to comply with the terms of this Agreement, then the shares of Stock beneficially owned by that Stockholder will not be counted towards the Stock ownership thresholds for determining how many directors
the Pet Zone Stockholders may designate for election or appointment to the board. 
  

 3 

 2.4 Effect of Sale of Shares. If the Pet Zone Stockholders cease to be the beneficial owner of 50%
of the initial shares then they will cease to have the right under § 2.3 above to cause the other Stockholders to elect any directors. 
  
 2.5 Agreement of the Company. The Company agrees that it will not give effect to any vote cast or other action taken by any Stockholder with
respect to any matter submitted to a vote of the stockholders of the Company unless such vote or action is in accordance with the terms of this Agreement. 
  
 3. Remedies 
  
 3.1 Specific Performance. The parties agree that the failure of any party to observe the obligations provided by this Agreement will result in
irreparable damage to the non-defaulting parties and that any non-defaulting party may seek specific performance of such obligations in any state or federal court having subject matter jurisdiction and located in Cleveland, Ohio. 
  
 3.2 Submission to Jurisdiction; Consent to Service of Process; Venue.
For the purpose of any action or proceeding instituted with respect to this Agreement, each party hereby irrevocably submits to the jurisdiction of any state or federal court having subject matter jurisdiction and located in Cleveland, Ohio. Each
party also irrevocably consents to the service or process out of said courts by mailing a copy thereof, by registered mail, postage prepaid, to such party at his or its address set forth in § 4.1 below or at such other address furnished to
the other parties hereto in the manner provided in § 4.1, and each party hereby agrees that such service, to the fullest extent permitted by law (i) shall be deemed in every respect effective service of process upon him or it in any such
suit, action or proceeding and (ii) shall be taken and held to be valid personal service upon and personal delivery to him or it. Each party also irrevocably waives, to the fullest extent permitted by law, any objection that he or it may have
to the laying of the venue of any such suit, action or proceeding brought in any such court located in Cleveland, Ohio and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum.

  
 4. Miscellaneous Provisions 
  
 4.1 Notices. All notices or other forms or communication between or
among any of the parties shall be given in writing and sent by registered or certified U.S. mail, return receipt requested, first-class postage prepaid, or personally delivered, to such party at the address set forth below unless notice of a change
of address is furnished to the other parties in the manner provided in this section: 
  

					
	(i)	  	If to OurPet’s:	  	OurPet’s Company
	 	  	 	  	1300 East Street
	 	  	 	  	Fairport Harbor, Ohio 44077-5573
	 	  	 	  	Fax: 440-354-9129
	 	  	 	  	Attn: Steven Tsengas

  

 4 

					
	 	  	With a copy to:	  	Kohrman Jackson & Krantz P.L.L.
	 	  	 	  	1375 East Ninth Street
	 	  	 	  	One Cleveland Center, 20th Floor
	 	  	 	  	Cleveland, Ohio 44114
	 	  	 	  	Fax: 216-621-6536
	 	  	 	  	Attn: Connie S. Carr, Esq.
			
	(ii)	  	If to Pet Zone:	  	Pet Zone Products Ltd.
	 	  	 	  	c/o Early Stage Partners
	 	  	 	  	1801 East Ninth Street, Suite 1700
	 	  	 	  	Cleveland, Ohio 44114
	 	  	 	  	Fax: 216-781-0156
	 	  	 	  	Attn: James D. Ireland, III
			
	 	  	With a copy to:	  	Benesch, Friedlander, Coplan & Aronoff L.L.P.
	 	  	 	  	2300 BP Tower
	 	  	 	  	200 Public Square
	 	  	 	  	Cleveland, Ohio 44114
	 	  	 	  	Fax: 216-363-4588
	 	  	 	  	Attn: Peter K. Shelton, Esq.
		
	(iii)	  	If to a Stockholder, at the address set forth on attached Exhibit 2.

  
 4.2 Amendment.
No change in, modification of or amendment to this Agreement will be valid unless it is in writing and signed by the Company, the Tsengas Stockholders’ representative under § 2.2 (initially Steven Tsengas) and Pet Zone. 
  
 4.3 Waiver. No waiver of any provision of this Agreement will be valid
unless in writing and signed by the person against whom it is sought to be enforced. The failure of any party at any time to insist upon strict performance of any condition, promise, agreement and understanding set forth herein will not be construed
as a waiver or relinquishment of the right to insist upon strict performance of the same condition, promise, agreement or understanding at a future date. 
  
 4.4 Assignment. No party may assign any of his or its rights or obligations under this Agreement other than to an Affiliated Transferee without the
written consent of all of the other parties to this Agreement. 
  
 4.5 Binding Effect. This Agreement will inure to the benefit of and be binding upon the parties to this Agreement and their respective heirs, beneficiaries, legatees, distributees, estates, executors, administrators, personal
representatives, successors and permitted assigns, as the case may be. 
  

 5 

 4.6 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws
of the State of Ohio applicable to contracts made and to be performed entirely within that State. 
  
 4.7 Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof,
and this Agreement will be construed in all respects as if the invalid or unenforceable provisions were omitted. 
  
 4.8 Integration. This Agreement sets forth all of the promises, agreements, conditions and understandings among the parties hereto with respect to
the subject matter hereof, and supersedes and is intended to be an integration of any and all prior agreements or understandings with respect thereto. 
  
 4.9 Execution in Counterparts. This Agreement may be executed by any one or more of the parties in any number of counterparts, each of which will
be deemed to be an original, but all such counterparts will together constitute one and the same instrument. The execution of counterparts will not be deemed to constitute delivery of this Agreement by any party. 
  
 <Signature Page Follows> 
  

 6 

 IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the date first set forth above. 
  

			
	 OURPET’S COMPANY

	
	 /s/ Steven Tsengas

	By: Steven Tsengas, President and Chief Executive Officer
	
	PET ZONE PRODUCTS LTD.
	
	 /s/ James D. Ireland

	By: James D. Ireland III, President
	
	THE PET ZONE STOCKHOLDERS:
	
	 Capital One Partners, LLC,
     an Ohio limited liability company,

		
	By:	 	 /s/ Charlie MacMillan

	Its:	 	CFO
	
	LJR Limited Partnership, an Ohio limited partnership,
		
	By:	 	 /s/ Steven L. Nutt

	Its:	 	Steven L. Nutt, Managing Director of
	 	 	Moreland Management Co.
	 	 	Non-Member Manager of the General
	 	 	Partner of the LJR Limited Partnership
	
	 Nottingham Ventures, Ltd.,
     an Ohio limited liability company,

		
	By:	 	 /s/ John Nottingham

	Its:	 	Member
	
	Spirk Ventures, Ltd., an Ohio limited liability company
		
	By:	 	 /s/ John Spirk

	Its:	 	Member

  

 7 

			
	 THE OURPET’S
STOCKHOLDERS:

		
	By:	 	 /s/ Steven Tsangas

	 	 	Steven Tsengas
		
	By:	 	 /s/ Evangelia S. Tsengas

	 	 	Evangelia S. Tsengas
		
	By:	 	 /s/ Konstantine S. Tsengas

	 	 	Konstantine S. Tsengas
		
	By:	 	 /s/ Nicholas S. Tsengas

	 	 	Nicholas S. Tsengas
	
	Senk Properties
		
	By:	 	 /s/ Steven Tsengas

	Its:	 	General Partner
		
	By:	 	 /s/ Joseph T. Aveni

	 	 	Joseph T. Aveni
		
	By:	 	 /s/ Carl Fazio, Jr.

	 	 	Carl Fazio, Jr.
		
	By:	 	 /s/ John G. Murchie

	 	 	John G. Murchie

  

 8Warrant to Purchase 2,729,000 Shares of Common Stock

 Exhibit 10.1 
  
 THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE UNDERLYING SHARES WHICH MAY BE ACQUIRED UPON EXERCISE HEREOF HAVE BEEN ACQUIRED FOR
INVESTMENT ONLY AND NOT WITH A VIEW TO DISTRIBUTION THEREOF. THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY JURISDICTION. THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE
UNDERLYING SHARES WHICH MAY BE ACQUIRED UPON EXERCISE MAY NOT BE SOLD OR OFFERED FOR SALE UNLESS AN APPROPRIATE REGISTRATION STATEMENT UNDER APPLICABLE SECURITIES LAWS IS THEN IN EFFECT WITH RESPECT THERETO, OR UNLESS AN OPINION OF COUNSEL IN FORM
AND SUBSTANCE SATISFACTORY TO THE ISSUER IS PROVIDED THAT REGISTRATION IS NOT REQUIRED UNDER SUCH LAWS. 
  

			
	 	  	Warrant to Purchase
		
	Date: January 3, 2006	  	        2,729,000
		
	 	  	Shares of Common Stock,
	 	  	as herein described

  

	No.	285 

  
 OurPet’s 
  
 Company 
  

  
 Common Stock Purchase Warrant 
  

  
 Article 1. General Provisions.

  
 Section 1.01 This certifies that PET ZONE PRODUCTS LTD., a limited
liability company organized under the laws of the State of Ohio (the “Holder”), is entitled to purchase, at any time on or after January 3, 2006 (the “Effective Date”) and on or before January 2, 2011
(the “Expiration Date”), that number of fully paid and non-assessable shares of Common Stock, without par value, of OURPET’S COMPANY, a corporation incorporated under the laws of the State of Colorado (the
“Company”), as set forth above, at the exercise price of: 
  
 (a) $0.60 U.S. per share, if exercised on or after January 3, 2006 and on or before January 2, 2009; 

 (b) $0.675 U.S. per share, if exercised on or after January 3, 2009 and on or before
January 2, 2010; and 
  
 (c) $0.75 U.S. per share, if
exercised on or after January 3, 2010 and on or before January 2, 2011, 
  
 all subject to adjustment as hereinafter provided. 
  
 Article 2. Duration and Exercise of Warrants. 
  
 Section 2.01 Duration of Warrants. This Warrant may be exercised at any time on or after the Effective Date and prior to the
close of business on the Expiration Date. 
  
 Section 2.02 Terms of
Exercise. This Warrant shall entitle the holder hereof to purchase the number of shares of Common Stock set forth in Article 1, subject to adjustment as herein provided (the “Warrant Shares”),
upon payment of the amount per share set forth in Section 1.01, subject to adjustment as herein provided (the “Exercise Price”). 
  
 Section 2.03 Exercise of Warrant. 
  
 (a) This warrant may be exercised in whole or in part by surrendering it, together with a subscription in the form attached hereto duly executed,
accompanied by a certified or official bank check (or such other form of payment as the Company may accept) in payment of the Exercise Price. Warrants may be surrendered at the Company’s corporate offices indicated in Section 7.02
hereof, or as such corporate office may be relocated from time to time. 
  
 (b) Notwithstanding the foregoing, the Holder may, without the payment of cash or other consideration (other than the surrender of the right to purchase certain Warrant Shares implicit in the following formula), exercise this Warrant
for “Net Warrant Shares”. The Holder shall provide written notice to the Company specifying the gross number of Warrant Shares as to which this Warrant is then exercised. The number of Net Warrant Shares deliverable upon such exercise will
be determined by the following formula: Net Warrant Shares = [WS x (CP - EP)]/CP, where “WS” is the gross number of Warrant Shares as to which this Warrant is to be exercised; “CP” is the average market price of the Common Stock
on the ten (10) trading days preceding the date of the request to exercise this Warrant; and “EP” shall mean the then applicable Exercise Price. 
  

(c) This Warrant shall be exercisable during the period provided in Section 2.01 at any time or in whole or from time to time in
part. As soon as practicable after the Warrant has been so exercised, the Company shall issue and deliver or cause to be delivered to, or upon the order of, the holder of the Warrant, in such name or names as may be directed by such holder, a
certificate or certificates for the number of full Warrant Shares to which such holder is entitled and, if this Warrant shall not have been exercised in full, a new Warrant for the number of shares of Common Stock as to which this Warrant shall not
have been exercised, subject to the surrender of the right to purchase certain Warrant Shares implicit in the exercise of this Warrant under Section 2.03(b). This Warrant, when so surrendered, shall be cancelled by or on behalf of the Company.

 Section 2.04 Common Stock Issued Upon Exercise of Warrant. 
  
 (a) All Warrant Shares shall be duly authorized, validly issued,
fully paid and nonassessable. The Company shall pay all documentary stamp taxes attributable to the initial issuance of Warrant Shares. The Company shall not be required, however, to pay any tax imposed in connection with any transfer involved in
the issue of the Warrant Shares in a name other than that of that holder of this Warrant upon exercise. In such case, the Company shall not be required to issue any certificate for Warrant Shares until the person or persons requesting the same shall
have paid to the Company the amount of any such tax or shall have established to the Company’s satisfaction that the tax has been paid or that no tax is due. 
  
 (b) Irrespective of the date of issue of certificates for any Warrant Shares acquired upon exercise of this Warrant,
each person in whose name any certificate is issued shall be deemed to have become the holder of record of the Warrant Shares represented thereby on the date on which this Warrant was exercised and payment of the Exercise Price was tendered as
provided in Section 2.03 with respect to such Warrant Shares. 
  
 Article 3. Anti-Dilution Provisions. 
  
 Section 3.01 Adjustment of Exercise Price and Number of Warrant Shares. The Exercise Price shall be subject to adjustment from time to time as provided in this Article 3. Upon each adjustment of the Exercise
Price, the holder of this Warrant shall be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of Warrant Shares, calculated to the nearest full share, obtained by multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant to the provisions of this Warrant immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

  
 Section 3.02 Stock Dividends. If the Company shall
declare a dividend or any other distribution upon any capital stock which is payable in shares of Common Stock, the Exercise Price shall be reduced to the quotient obtained by dividing (i) the number of shares of Common Stock outstanding
immediately prior to such declaration multiplied by the then effective Exercise Price by (ii) the total Common Stock and all convertible securities issuable in payment of any dividend or other distribution upon the capital stock of the Company
shall be deemed to have been issued or sold without consideration. 
  
 Section
3.03 Stock Splits and Reverse Stock Splits. If the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price shall be proportionately reduced and the number of Warrant Shares
issuable upon exercise of this Warrant shall be proportionately increased. If the Company shall combine the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price shall be proportionately increased and the number of
Warrant Shares issuable upon exercise of this Warrant shall be proportionately decreased. 

 Section 3.04 Reorganizations. If any capital reorganization or reclassification of the Company, or
any consolidation or merger of the Company with another corporation, shall be affected in such a way that the holders of the Common Stock shall be entitled to receive securities or assets with respect to or in exchange for shares of Common Stock,
adequate provision shall be made, prior to and as a condition of such reorganization, reclassification, consolidation or merger whereby the holder of this Warrant shall have the right to receive, upon the terms and conditions specified herein and in
lieu of the Warrant Shares otherwise receivable upon the exercise of this Warrant, such securities or assets as may be issued or payable with respect to or in exchange for the number of outstanding shares of Common Stock equal to the number of
Warrant Shares otherwise receivable had such reorganization, reclassification, consolidation or merger not taken place. In any such case appropriate provision shall be made with respect to the rights and interests of such holder so that the
provisions of this Warrant shall be applicable with respect to any securities or assets thereafter deliverable upon exercise of this Warrant. The Company shall not affect any such consolidation or merger unless prior to or simultaneously with the
consummation thereof the survivor or successor corporation resulting from such consolidation or merger shall assume by written instrument delivered to the holder of this Warrant the obligation to deliver to such holder such securities or assets as
such holder may be entitled to receive. 
  
 Section 3.05 Form of
Warrant. This Warrant need not be changed because of any adjustment to the Exercise Price or any change in the amount or nature of securities issuable or deliverable pursuant to this Article 3. The Company may, however, in its
discretion, at any time change the form of Warrants to reflect any such change in the amount or nature of securities issuable or deliverable upon exercise, provided such change in form does not otherwise affect the substance thereof. 
  
 Article 4. Other Provisions for Protection of Warrantholders.

  
 Section 4.01 Reservation of Shares. The Company shall
at all times reserve and keep available such number of shares of its authorized but unissued Common Stock as shall from time to time be sufficient to permit the exercise of all outstanding Warrants. If at any time the number of authorized but
unissued shares of Common Stock shall not be sufficient for such purpose, the Company will take such action as, in the opinion of its counsel, may be necessary to increase its authorized but unissued Common Stock to such number of shares as shall be
sufficient for such purpose. 
  
 Section 4.02 Lost and Misplaced
Warrant Certificates. If any Warrant becomes lost, stolen, mutilated or destroyed, the Company will, on such terms as to indemnify or otherwise as it may in its discretion impose, issue a new Warrant of like denomination, tenor and dates as
the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute an original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall at any time be enforceable
by anyone. 
  
 Section 4.03 Enforcement of Warrant Rights.
All rights of action are vested in the respective holders of the Warrants. Any holder of any Warrant may, in his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company suitable
to enforce, or otherwise in respect of, his right to exercise his Warrant for the purchase of the number of Warrant Shares issuable or deliverable in exchange therefor. 

 Article 5. Transfer and Ownership of Warrants. 
  
 Section 5.01 Negotiability and Ownership. The Warrants have been, and,
if the Warrants are exercised, the Warrant Shares will be, acquired for the account of the holder for investment and not with a view to resale or further distribution thereof. This Warrant shall be transferable by the holder hereof only in
compliance with applicable securities laws. Any attempted transfer in contravention of this Section shall be null and void. Any such transferee may be required to execute an investment letter containing representations and warranties as to his or
her investment intent, financial sophistication and ability to bear the risk of any investment in the Warrants or the Warrant Shares and to satisfy the Company of the bona fide nature of such representations. 
  
 Section 5.02 Exchange of Warrants. At any time after the issuance and
prior to expiration, this Warrant may be surrendered at the corporate offices of the Company for exchange and, upon cancellation hereof, one or more new Warrants shall be issued as requested by the holder for the same aggregate number of shares.

  
 Article 6. Miscellaneous Provisions. 

 
 Section 6.01 Closing of Books. The Company will at no time close its
transfer books against the transfer of any warrant or of any shares of Common Stock issued or issuable upon the exercise of any warrant in any manner which interferes with the timely exercise of this Warrant. 
  
 Section 6.02 Modification and Waiver. This Warrant and any provision
hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought. 
  
 Section 6.03 Descriptive Headings and Governing Law. The description headings of the several articles, sections and paragraphs of this Warrant are
inserted for convenience only and do not constitute a part of this Warrant. This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Ohio, without regard to
conflict of laws principles. 
  
 Section 6.04 Notices. Any
notice given pursuant to this Agreement shall be made in accordance with the terms of the notice provision set forth in Section 10.3 of the Asset Purchase Agreement between the Company and Holder dated January 3, 2006. 
  
 IN WITNESS WHEREOF, this Warrant has been executed on behalf of the Company
on January 3, 2006. 
  

			
	OURPET’S COMPANY
		
	By:	 	 /s/ Steven Tsengas

	 	 	Steven Tsengas, President

 ASSIGNMENT 
  

To be executed by the registered holder to effect a transfer of the within Warrant, subject to the restrictions imposed by Section 5.01 of the Warrant.

  
 FOR VALUE RECEIVED, the undersigned
registered holder hereby sells, assigns and transfers unto 
  

	
	

	
	

	 (Address)

	
	

  
 the right to purchase the Common
Stock evidenced by the within Warrant, and does irrevocably constitute and appoint
                                 to transfer the said right on the books of the
Company, with full power of substitution. 
  
 Dated:                     
  
 SIGNATURE 

	 	

  
 NOTICE: The signature to this Assignment must correspond with the name as written upon the face of the within Warrant, in every particular, without alteration or change whatsoever, and must be
guaranteed by a bank or trust company, or be a firm having membership on a registered national securities exchange. 

 EXERCISE OF WARRANT 
  
 The undersigned, registered holder or assignee of such registered holder of the within Warrant, hereby (1) subscribes
for
                                        
shares of Common Stock which the undersigned is entitled to purchase under the terms of the within Warrant, (2) makes the full cash payment therefore called for by the within Warrant, and (3) directs that the Common Stock issuable upon
exercise of said Warrant be issued as described hereunder. 
  

	
	

	
	

	 (Address)

	
	

	 (Signature)

  
 Dated:                     
  
 NOTICE: The signature to this Assignment must correspond with the name as written upon the face of the within Warrant, in every
particular, without alteration or change whatsoever, and must be guaranteed by a bank or trust company, or be a firm having membership on a registered national securities exchange. 
  
 [This form shall be modified by the Holder and the Company as appropriate in the event Holder exercises the Warrant, in whole or in
part, in accordance with Section 2.03(b) of the Warrant.]

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