Stock Option Modification Letter Agreement between The Fresh Market Holdings, Inc. and Carlos Clark
The Fresh Market Holdings, Inc. has notified Carlos Clark, its General Counsel, of a modification to his previously granted stock option. Effective January 20, 2022, the exercise price for his option to purchase 300,000 shares is reduced from $9.35 to $7.20 per share, reflecting the current fair market value. All other terms of the original stock option remain unchanged.
Exhibit 10.35
THE FRESH MARKET HOLDINGS, INC.
c/o Apollo Management VIII, L.P.
9 West 57th Street
New York, NY 10019
January 20, 2022
Carlos Clark
General Counsel
Re: Stock Option
Dear Carlos:
We are pleased to inform you that we have made certain favorable changes to the stock option that was previously granted to you pursuant to the Stock Option Plan (the “Plan”) of The Fresh Market Holdings, Inc. (the “Company”). Specifically, your option to purchase 300,000 shares that was granted on December 14, 2020 (“Option”) has been modified as follows:
Effective immediately, the exercise price for each share subject to your Option will be reduced from $9.35 per share to $7.20 per share, which is the current fair market value of a share.
Except for these changes, your Option will remain in effect in accordance with its terms.
Sincerely,
THE FRESH MARKET HOLDINGS, INC.
Jason Potter, CEO
