Document:

EXHIBIT 10.5

FIRST AMENDMENT TO CONVERTIBLE PROMISSORY
NOTE

 

          This
First Amendment to Convertible Note Promissory Note (the “Note Amendment”) dated this 7th day of May, 2018 amends that
certain Convertible Promissory Note (the “Note'') dated March 21, 2017 between Peak Pharmaceuticals, Inc. (the “Company')
and Trius Holdings Limited (the “Holder”).

WHEREAS:

          A.     Pursuant
to beginning description of the Note, the Note contained a term whereby the Note shall mature and become due and payable in full
upon the 12-month anniversary from original date of the Note, or on March 21, 2018, or upon demand by the holder (the “Maturity
Date”).

          B.     The
Company and Holder now wish to amend this section of the Note.

NOW, THEREFORE:

          In
consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which is also hereby
acknowledged by each of the parties hereto, the Company and Holder hereto hereby agree as follows:

          1.     All
capitalized terms not otherwise defined herein shall have the meanings set out in the Note.

          2.     The
last sentence of the beginning section of the Note shall be modified to say, “This Note shall mature and become due and payable
in full upon the 24-month anniversary from the date affixed above, or on March 21, 2019, or upon demand by the holder (the “Maturity
Date”).”

          3.     In
all other respects, the terms and conditions of the Note shall continue in full force and effect and the Holder hereby agrees and
confirms that the Note is in good standing and that the Company is not in default of any of its obligations under the Note.

          4.     Each
of the parties hereto agrees to do and/or execute all such further and other acts, deeds, things, devices, documents and assurances
as may be required in order to carry out the true intent and meaning of this Note Amendment.

          5.     This
Note Amendment shall enure to the benefit of and be binding upon the parties hereto and each of their successors and permitted
assigns, as the case may be.

          6.     This
Note Amendment may be executed in counterparts and by electronic or facsimile transmission, each of which shall be deemed to be
an original and all of which shall constitute one and the same document.

[Signature Page Follows]

1

          IN
WITNESS WHEREOF, the parties hereto have executed this Note Amendment as of the day and year first above written.

PEAK PHAMACEUTICALS, INC.

 

2EXHIBIT 10.6

 

FIRST AMENDMENT TO CONVERTIBLE PROMISSORY
NOTE

 

          This
First Amendment to Convertible Note Promissory Note (the “Note Amendment”) dated this 7th day of May, 2018 amends that
certain Convertible Promissory Note (the “Note'') dated March 21, 2017 between Peak Pharmaceuticals, Inc. (the “Company')
and Trius Holdings Limited (the “Holder”).

WHEREAS:

          A.     Pursuant
to beginning description of the Note, the Note contained a term whereby the Note shall mature and become due and payable in full
upon the 12-month anniversary from original date of the Note, or on March 21, 2018, or upon demand by the holder (the “Maturity
Date”).

          B.     The
Company and Holder now wish to amend this section of the Note.

NOW, THEREFORE:

          In
consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which is also hereby
acknowledged by each of the parties hereto, the Company and Holder hereto hereby agree as follows:

          1.     All
capitalized terms not otherwise defined herein shall have the meanings set out in the Note.

          2.     The
last sentence of the beginning section of the Note shall be modified to say, “This Note shall mature and become due and payable
in full upon the 24-month anniversary from the date affixed above, or on March 21, 2019, or upon demand by the holder (the “Maturity
Date”).”

          3.     In
all other respects, the terms and conditions of the Note shall continue in full force and effect and the Holder hereby agrees and
confirms that the Note is in good standing and that the Company is not in default of any of its obligations under the Note.

          4.     Each
of the parties hereto agrees to do and/or execute all such further and other acts, deeds, things, devices, documents and assurances
as may be required in order to carry out the true intent and meaning of this Note Amendment.

          5.     This
Note Amendment shall enure to the benefit of and be binding upon the parties hereto and each of their successors and permitted
assigns, as the case may be.

          6.     This
Note Amendment may be executed in counterparts and by electronic or facsimile transmission, each of which shall be deemed to be
an original and all of which shall constitute one and the same document.

[Signature Page Follows]

1

          IN
WITNESS WHEREOF, the parties hereto have executed this Note Amendment as of the day and year first above written.

PEAK PHAMACEUTICALS, INC.

 

2ex103cformofoptionagreem

                                                                                                                                                  EXHIBIT 10.3C                                                                                                  NON-QUALIFIED STOCK OPTION AGREEMENT                                        OF                            REXNORD CORPORATION         THIS AGREEMENT (this “Agreement”), dated as of ___________________ (the  “Grant Date”) is made by and between Rexnord Corporation, a Delaware corporation (the  “Corporation”), and _____________, an employee of the Corporation or one of its Subsidiaries  (the “Optionee”).           WHEREAS, the Corporation wishes to afford the Optionee the opportunity to purchase  shares of its common stock (“Common Stock”);          WHEREAS, the Corporation wishes to carry out the purpose of the Rexnord Corporation  Performance Incentive Plan (as may be amended , restated or revised from time to time, the  “Plan”), the terms of which are hereby incorporated by reference and made a part of this  Agreement; and          WHEREAS, the Administrator, as defined in the Plan, (i) has determined that it would  be to the advantage and in the best interests of the Corporation and its stockholders to grant the  Non-Qualified Stock Option provided for herein (the “Option”) to the Optionee as an  inducement for the Optionee to enter into or remain in the employ of the Corporation or one of  its Subsidiaries and as an incentive for increased efforts by the Optionee during such  employment, and (ii) has instructed the officers of the Corporation to issue said Option.         NOW, THEREFORE, in consideration of the mutual covenants herein contained and  other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged,  the parties hereto do hereby agree as follows:                                      ARTICLE I                               GRANT OF OPTION         Section 1.1 Grant of Option         In consideration of the Optionee’s agreement to enter into or remain in the employ of the  Corporation or one of its Subsidiaries and for other good and valuable consideration, the receipt  and sufficiency of which is hereby acknowledged, on the date hereof the Corporation irrevocably  grants to the Optionee the Option to purchase any part or all of an aggregate of ________ shares  of Common Stock upon the terms and conditions set forth in the Plan and this Agreement.           Section 1.2 Option Price         The purchase price of the shares of Common Stock covered by the Option shall be  $_________ per share (without commission or other charge).                                          1    

 

         Section 1.3 Option Subject to Plan         The Option granted hereunder is subject to the terms and provisions of the Plan,  including without limitation, Sections 7.5 and 8.9 of the Plan.  Capitalized terms used in this  Agreement and not defined herein shall have the meaning given to such terms in the Plan.                                    ARTICLE II                           EXERCISABILITY OF OPTION         Section 2.1 Commencement of Option Exercisability                (a)   This Option shall become exercisable in accordance with the schedule        established by the Administrator at the time of grant and set forth below:                 •  _______________________;               •  _______________________;               •  _______________________.               (b)   No portion of the Option which is unvested at the Optionee’s termination        of employment shall thereafter become vested.           Section 2.2 Duration of Option Exercisability         Any portion of the Option which becomes vested pursuant to Section 2.1 shall remain  vested and may be exercised until the Option expires pursuant to Section 2.3.          Section 2.3 Expiration of Option         The Option may not be exercised to any extent by any person after the first to occur of  any of the following events:               (a)   The expiration of ________ years from the date the Option was granted;               (b)   If the Optionee’s termination of employment is for any reason other than        (i) by the Corporation or any Subsidiary of the Corporation for Cause, or (ii) on account        of the Optionee’s death or disability (as defined in Section 22(e)(3) of the Code), the        ninetieth (90th) day following the date of the Optionee’s termination of employment;                (c)   The date of the Optionee’s termination of employment by the Corporation        or any Subsidiary of the Corporation for Cause; or               (d)   If the Optionee’s termination of employment is on account of the        Optionee’s death or disability (within the meaning of Section 22(e)(3) of the Code), the        expiration of 12 months from the date of the Optionee’s termination of employment.                                          2    

 

         Section 2.4 Definition of Cause         For purposes of this Agreement, “Cause” shall have the meaning ascribed to it in the  Plan.          Section 2.5 Partial Exercise of Option         Any vested portion of the Option or the entire Option, if then wholly vested, may be  exercised in whole or in part at any time prior to the time when the Option or portion thereof  expires; provided, however, that each partial exercise shall be for not less than 100 shares of  Common Stock and shall be for whole shares of Common Stock only.          Section 2.6 Exercise of Option         This Option shall be exercised by the Optionee delivering a written notice to the  Corporation specifying the number of shares the Optionee desires to purchase, and by paying the  Corporation the option price for the shares being acquired at the time.  The option purchase price  may be paid by means of any lawful consideration as determined by the Administrator and  permitted by Section 5.5 of the Plan.                                    ARTICLE III                           RESTRICTIVE COVENANTS         Section 3.1 Reasonableness of Restrictions             The Optionee acknowledges that the Optionee has had and will continue to have access to  Confidential Information (as defined below), that such Confidential Information is of economic  value to the Corporation and its Subsidiaries, that such Confidential Information would be of  value to a competitor of the Corporation and/or one of its Subsidiaries in competing against the  Corporation and/or one of its Subsidiaries, and that it would be unfair for the Optionee to exploit  such Confidential Information for the Optionee’s personal benefit or for the benefit of a  competitor.  The Optionee further acknowledges that the Optionee has had and/or will have an  opportunity to learn about, and develop relationships with, customers of the Corporation and/or  its Subsidiaries and that the Corporation and its Subsidiaries have a legitimate interest in  protecting relationships with such customers, and that it would be unfair for the Optionee to  exploit information the Optionee has learned about such customers and relationships which the  Optionee has developed with such customers for the Optionee’s personal benefit or for the  benefit of a competitor.  The Optionee further acknowledges that the Corporation and its  Subsidiaries currently market and sell products and services to customers throughout the United  States and that the Optionee’s job duties have included and/or will include contact with products  that are marketed throughout the entire United States and that the Confidential Information to  which the Optionee has had and/or and will have access to, and the Optionee’s customer  knowledge and contacts and relationships, would be of value to a competitor in competing  against the Corporation and/or one of its Subsidiaries anywhere in the United States.   Accordingly, the Optionee acknowledges that the protections provided to the Corporation and its  Subsidiaries in this Article III are reasonable and necessary to protect the legitimate interests of  the Corporation and its Subsidiaries and that abiding by the Optionee’s obligations under this  Article III will not impose an undue hardship on the Optionee.                                          3    

 

         Section 3.2 Restricted Services Obligation         For a period of two years following the end, for whatever reason, of the Optionee’s  employment with the Corporation or any of its Subsidiaries, the Optionee agrees not to directly  or indirectly provide Restricted Services to any Competitor respecting its operations in the  United States.  For purposes of this Section, (i) “Restricted Services” means services of any kind  or character comparable to those the Optionee provided to the Corporation or any of its  Subsidiaries during the one year period preceding the end of the Optionee’s employment with the  Corporation or any of its Subsidiaries, and (ii) “Competitor” means any business located in the  United States which is engaged in the development and/or sale of any product line or service  offering that is substantially similar to (and thus competitive with) a product line or service  offering sold by the Corporation or any of its United States Subsidiaries for which the Optionee  had direct managerial responsibility during the last year of the term of the Optionee’s  employment with the Corporation or any of its United States Subsidiaries.         Section 3.3 Customer Non-Solicitation         For a period of two years following the end, for whatever reason, of the Optionee’s  employment with the Corporation or any of its Subsidiaries, the Optionee agrees not to directly  or indirectly attempt to sell or otherwise provide to any Restricted Customer any goods, products  or services of the type or substantially similar to the type sold or otherwise provided by the  Corporation or any of its Subsidiaries (and thus competitive with such goods, products or  services) for which the Optionee was employed during the twelve months prior to termination of  the Optionee’s employment.  For purposes of this Section 3.3, “Restricted Customer” means any  individual or entity (i) for whom/which the Corporation or any of its Subsidiaries provided  goods, products or services, and (ii) with whom/which the Optionee was the primary contact on  behalf of the Corporation during the Optionee’s last twelve months of employment or about  whom/which the Optionee acquired non-public information during the Optionee’s last twelve  months of employment that would be of benefit to the Optionee in selling or attempting to sell  such goods, products or services in competition with the Corporation or any of its Subsidiaries.         Section 3.4 Non-Solicitation of Employees         During the term of the Optionee’s employment with the Corporation or any of its  Subsidiaries and for a period of one year thereafter, the Optionee shall not directly or indirectly  encourage any employee of the Corporation or any of its United States Subsidiaries with whom  the Optionee has worked to terminate his or her employment with the Corporation or any such  Subsidiary or solicit such an individual for employment outside the Corporation or any of its  Subsidiaries in a manner which would end or diminish that employee’s services to the  Corporation or any of its Subsidiaries.         Section 3.5 Non-Disparagement         During the term of the Optionee’s employment with the Corporation or any of its  Subsidiaries and thereafter in perpetuity, the Optionee shall not knowingly disparage, criticize, or  otherwise make derogatory statements regarding the Corporation or any of its affiliates,  Subsidiaries, successors, directors, officers, customers or suppliers.  During the term of the                                         4    

 

   Optionee’s employment with the Corporation or any of its Subsidiaries and thereafter in  perpetuity, none of the Corporation, Rexnord LLC, nor any of their respective officers shall  knowingly disparage, criticize, or otherwise make derogatory statements regarding the Optionee.   The restrictions of this Section 3.5 shall not apply to any statements that are made truthfully in  response to a subpoena or other compulsory legal process.         Section 3.6 Non-Disclosure of Confidential Information               (a)   The Optionee shall maintain in confidence and shall not directly,        indirectly or otherwise, use, disseminate, disclose, publish or otherwise misappropriate,        or use for the Optionee’s benefit or the benefit of any Person, or deliver to any Person        any Confidential Information (as defined herein) or trade secrets of the Corporation.         “Confidential Information” means any document, record, notebook, computer program or        similar repository of or containing, any confidential or proprietary information of or        relating to the Corporation or any of its Subsidiaries, including, without limitation,        information with respect to the Corporation’s or any of its Subsidiary’s operations,        processes, products, inventions, business practices, finances, principals, vendors,        suppliers, customers, potential customers, marketing methods, costs, prices, contractual        relationships, regulatory status, compensation paid to employees or other terms of        employment.  Confidential Information shall be defined to exclude information which is        or becomes public knowledge through no fault of the Optionee, or which was known to        the Optionee before the start of the Optionee’s earliest relationship with the Corporation        or any of its Subsidiaries, or which is otherwise not subject to protection under applicable        law.  The Optionee’s obligations under this Section 3.6 shall apply for so long as the        Optionee continues in the employment of the Corporation or any of its Subsidiaries and        for two years following the termination of such employment, for whatever reason, as to        any Confidential Information that does not constitute a trade secret under applicable law.         As to any Confidential Information that does constitute a trade secret under applicable        law, the Optionee agrees that the Optionee’s obligations under this Section 3.6 shall        apply for so long as the item qualifies as a trade secret.               (b)   The Optionee is advised that he or she may not be held criminally or        civilly liable under any federal or state trade secret law for the disclosure of a trade secret        that is made: (i) in confidence to a federal, state, or local government official, either        directly or indirectly, or to an attorney, and provided that such disclosure is solely for the        purpose of reporting or investigating a suspected violation of the law, or (ii) in a        complaint or other document filed in a lawsuit or other proceeding, provided that such        filing is made under seal.  Additionally, in the event the Optionee files a lawsuit against        the Corporation for retaliation by the Corporation against the Optionee for reporting a        suspected violation of law, the Optionee has the right to provide trade secret information        to the Optionee's attorney and use the trade secret information in the court proceeding,        although the Optionee must file any document containing the trade secret under seal and        may do not disclose the trade secret, except pursuant to court order.                                            5    

 

         Section 3.7 Return of Corporation Property         All correspondence, drawings, manuals, letters, notes, notebooks, reports, programs,  plans, proposals, financial documents, or any other documents concerning the Corporation’s or  any of its Subsidiary’s customers, business plans, marketing strategies, products or processes,  whether confidential or not, is the property of the Corporation (the “Corporation Property”).   Accordingly, upon the Optionee’s termination of employment for any reason, the Optionee shall  promptly deliver to the Corporation all such Corporation Property, including any and all copies  of any such Corporation Property, and shall not make any notes of or relating to any information  contained in any such Corporation Property.  The Optionee may respond to a lawful and valid  subpoena or other legal process but shall give the Corporation the earliest possible notice thereof,  shall, as much in advance of the return date as possible, make available to the Corporation and its  counsel the documents and other information sought and shall assist such counsel in resisting or  otherwise responding to such process.         Section 3.8 Injunctive Relief               The Optionee hereby acknowledges that a breach of the covenants contained in  this Article III will cause irreparable damage to the Corporation and its goodwill, the exact  amount of which will be difficult or impossible to ascertain, and that the remedies at law for any  such breach will be inadequate.  Accordingly, the Optionee hereby agrees that, in the event of an  actual or threatened breach of any of the covenants contained in this Article III, in addition to  any other remedy which may be available at law or in equity, the Corporation shall be entitled to  specific performance and injunctive relief.  The Corporation hereby acknowledges that a breach  of the Corporation’s covenant contained in Section 3.5 will cause irreparable damage to the  Optionee, the exact amount of which will be difficult or impossible to ascertain, and that the  remedies at law for any such breach will be inadequate.  Accordingly, the Corporation hereby  agrees that, in the event of an actual or threatened breach of the Corporation’s covenant  contained in Section 3.5, in addition to any other remedy which may be available at law or in  equity, the Optionee shall be entitled to specific performance and injunctive relief.                                    ARTICLE IV                              OTHER PROVISIONS         Section 4.1 Not a Contract of Employment         Nothing in this Agreement or in the Plan shall (i) confer upon the Optionee any right to  continue in the employ of the Corporation or any of its Subsidiaries, or (ii) interfere with or  restrict in any way the rights of the Corporation or its Subsidiaries, which are hereby expressly  reserved, to discharge the Optionee at any time for any reason whatsoever, with or without  Cause, except pursuant to an employment agreement, if any, executed by and between the  Corporation or any of its Subsidiaries, on the one hand, and the Optionee, on the other hand, and  approved by the Board.         Section 4.2 Construction; Choice of Law; Other Obligations         This Agreement shall be administered, interpreted and enforced under the laws of the  state of Delaware, without regard to conflicts of laws provisions that would give effect to the                                        6    

 

   laws of another jurisdiction.  The obligations and restrictions set forth in this Agreement are in  addition to and not in lieu of any obligations or restrictions imposed upon the Optionee under  any other agreement or any law or statute including, but not limited to, any obligations the  Optionee may owe under any law governing trade secrets, any common law duty of loyalty, or  any fiduciary duty.  No time or geographic restriction provided above shall affect the availability  or scope of protection afforded to the Corporation’s trade secrets.         Section 4.3 Conformity to Securities Laws         The Optionee acknowledges that the Plan is intended to conform to the extent necessary  with all provisions of the Securities Act and the Exchange Act and any and all regulations and  rules promulgated thereunder by the Securities and Exchange Commission, including without  limitation, Rule 16b-3.  Notwithstanding anything herein to the contrary, the Plan shall be  administered, and the Option is granted and may be exercised, only in such a manner as to  conform to such laws, rules and regulations.  To the extent permitted by applicable law, the Plan  and this Agreement shall be deemed amended to the extent necessary to conform to such laws,  rules and regulations.         Section 4.4 Entire Agreement         The parties hereto acknowledge that this Agreement and the Plan set forth the entire  agreement and understanding of the parties and supersede all prior written or oral agreements or  understandings with respect to the subject matter hereof, except that any provisions therein  regarding confidentiality or non-competition remain in full force and effect in favor of the  Corporation and its Subsidiaries as if the agreements containing such provisions were not so  superseded.  The obligations imposed by this Agreement are severable and should be construed  independently of each other.  The invalidity of one provision shall not affect the validity of any  other provision.  If any provision of this Agreement shall be invalid or unenforceable, in whole  or in part, or as applied to any circumstances, under the laws of any jurisdiction which may  govern for such purpose, then such provision shall be deemed, to the extent allowed by the laws  of such jurisdiction, to be modified or restricted to the extent and in the manner necessary to  render the same valid and enforceable, either generally or as applied to such circumstance, or  shall be deemed exercised from this Agreement, as the case may require, and this Agreement  shall be construed and enforced to the maximum extent permitted by law, as if such provision  had been originally incorporated herein as so modified or restricted, or as if such provision had  not been originally incorporated herein, as the case may be.         Section 4.5 Amendment         The Administrator at any time, and from time to time, may amend the terms of this  Agreement, provided, however, that the rights of the Optionee shall not be adversely impaired  without the Optionee’s written consent.  The Corporation shall provide the Optionee with notice  and a copy of any amendment made to this Agreement         Section 4.6 Disputes (Forum; Personal Jurisdiction; Waiver of Jury Trial)         Any dispute or controversy arising under, out of, or in connection with or in relation to  this Agreement or the Plan shall be brought exclusively in the state, federal, or other courts of the                                        7    

 

   state of Delaware, and the parties hereby consent and submit to the personal jurisdiction of those  courts.  In the event of dispute or litigation, each party shall pay its own attorney’s fees and  expenses, except that, should the Optionee file suit in a forum other than the state, federal, or  other courts of the state of Delaware, Corporation shall be entitled to recover from the Optionee  its attorney fees and expenses associated with seeking the dismissal or transfer of the Optionee’s  suit.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHTS  TO ANY TRIAL BY JURY, IN ANY ACTION, PROCEEDING OR COUNTERCLAIM  ARISING UNDER, OUT OF, IN CONNECTION WITH, OR IN RELATION TO THE PLAN  OR THIS AGREEMENT.         Section 4.7 Notices         All notices, requests, consents and other communications hereunder to any party hereto  shall be deemed to be sufficient if contained in a written instrument and shall be deemed to have  been duly given when delivered in person, by telecopy, by nationally-recognized overnight  courier, or by first class registered or certified mail, postage prepaid, addressed to such party at  the address set forth below or such other address as may hereafter be designated in writing by the  addressee to the addressor:               (i)   if to the Corporation, to:               Rexnord Corporation              _________________              _________________              Attention:  General Counsel                (ii) if to the Optionee, to the Optionee’s home address on file with the              Corporation.         Section 4.8 Government and Other Regulations.           The obligation to sell and deliver shares of stock under the Plan shall be subject to all  applicable laws, rules and regulations and the obtaining of all such approvals by governmental  agencies as may be deemed necessary or desirable by the Corporation, including (without  limitation) the satisfaction of all applicable federal, state and local tax withholding requirements.   The Corporation shall have the power and the right to deduct or withhold, or require the  Optionee to remit to the Corporation, an amount sufficient to satisfy federal, state, and local  taxes (including the Optionee’s FICA obligation) required by law to be withheld with respect to  any taxable event arising or as a result of this Option.          Section 4.9 Counterparts         This Agreement may be executed in several counterparts, including via facsimile  transmission, each of which shall be deemed to be an original, but all of which together will  constitute one and the same Agreement.                              [Signature Page to Follow]                                         8    

 

         IN WITNESS WHEREOF, this Agreement has been executed and delivered by the  parties hereto as of the day, month and year first set forth above.                                       THE CORPORATION:                                                                             Rexnord Corporation                                       By:                                                                       Print Name:                                                               Title:                                                                     THE OPTIONEE:                                       Signature:                                                                Print Name:                                                                Optionee’s Address:                                                                                                                                                                                            Optionee’s Taxpayer Identification Number:                                                                                                                      6665444-v3\GESDMS                                          9

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