Exhibit 10.1

 

VOTING AND OPTION AGREEMENT

 

This VOTING AND OPTION AGREEMENT (this “Voting Agreement”), dated as of February
__, 2006, is by and between Fortune Brands, Inc., a Delaware corporation (the
“Parent”), and                                 (the “Stockholder”).

 

RECITALS

 

WHEREAS, concurrent with the execution of this Voting Agreement, the Parent,
Brightstar Acquisition, LLC, an Illinois limited liability company and an
indirect wholly-owned subsidiary of Parent (“Merger Sub”), SBR, Inc., a West
Virginia corporation (the “Company”), and Samuel B. Ross, II, as the Holders
Representative, have entered into an Agreement and Plan of Merger dated of even
date herewith (as amended, restated or otherwise modified from time to time, the
“Merger Agreement”), pursuant to which Merger Sub will merge with the Company
(the “Merger”);

 

WHEREAS, the Stockholder is the record and beneficial owner of the Shares set
forth below the Stockholder’s name and signature on the signature page hereto;
and

 

WHEREAS, as an inducement and a condition to entering into the Merger Agreement,
the Parent desires that the Stockholder agree, and the Stockholder is willing to
agree, to enter into this Voting Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parent and the Stockholder, intending to be legally bound,
hereby agree as follows:

 

1. Certain Definitions. In addition to the terms defined elsewhere herein,
capitalized terms used and not defined herein have the respective meanings
ascribed to them in the Merger Agreement. For purposes of this Voting Agreement:

 

(a) “Beneficially Own” or “Beneficial Ownership” with respect to any securities
means having “beneficial ownership” of such securities as determined pursuant to
Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), including pursuant to any agreement, arrangement or understanding,
whether or not in writing. Without duplicative counting of the same securities
by the same holder, securities Beneficially Owned by a Person shall include
securities Beneficially Owned by all other Persons with whom such Person would
constitute a “group” as within the meanings of Section 13(d)(3) of the Exchange
Act.

 

(b) “Shares” means (i) shares of Class A common stock, par value $0.10 per
share, of the Company, (ii) shares of Class B common stock, par value $0.10 per
share, of the Company, and (iii) any change in such shares by reason of any
stock dividend, split-up, recapitalization, combination, conversion of
securities, exchange of shares or the like.

 

2. Voting of Company Stock. The Stockholder hereby irrevocably agrees that,
during the period commencing on the date hereof and continuing until the first
to occur of (a) the Effective Time or (b) the termination of the Merger
Agreement in accordance with its terms (the

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“Termination Date”), at any meeting of the holders of the Shares, however
called, or in connection with any written consent of the holders of the Shares,
the Stockholder shall vote (or cause to be voted) the Shares held of record or
Beneficially Owned by the Stockholder and identified on the signature pages
hereto that are entitled to vote (whether pursuant to the articles of
incorporation or bylaws of the Company or applicable law), as well as any Shares
hereafter acquired: (i) in favor of approval of the Merger, adoption of the
Merger Agreement and any actions required in furtherance thereof by the
stockholders of the Company; (ii) against any action or agreement that would
result in a breach in any respect of any covenant, representation or warranty,
or any other obligation or agreement of the Company under the Merger Agreement
or the Stockholder under this Voting Agreement; and (iii) except as otherwise
agreed to in writing in advance by the Parent, against the following actions
(other than the Merger and the transactions contemplated by this Voting
Agreement and the Merger Agreement): (A) any Acquisition Proposal; or (B)(1) any
change in a majority of the individuals who constitute the Company’s Board of
Directors; (2) any change in the present capitalization of the Company or any
amendment of the Company’s articles of incorporation or bylaws; (3) any material
change in the Company’s corporate structure or business unless specifically
contemplated in the Merger Agreement; or (4) any other action which, in the case
of each of the matters referred to in clauses (B)(1), (2) or (3), is intended,
or could reasonably be expected, to impede, interfere with, delay, postpone, or
materially and adversely affect the Merger and the transactions contemplated by
this Voting Agreement and the Merger Agreement. The Stockholder agrees that the
obligations under this Voting Agreement are unconditional and will remain in
full force and effect notwithstanding that the Company may have received an
inquiry, proposal or offer from a Person regarding an Acquisition Proposal.
Further, the Stockholder will not enter into any agreement or understanding with
any Person the effect of which would be inconsistent with or violative of any
provision contained in this Section 2.

 

3. Grant of Proxy; Appointment of Proxy.

 

(a) The Stockholder hereby irrevocably grants to, and appoints, the Parent as
proxy and attorney-in-fact (with full power of substitution), for and in the
name, place and stead of the Stockholder, to vote the Shares that are entitled
to vote (whether pursuant to the articles of incorporation or bylaws of the
Company or applicable law), or grant a consent or approval in respect of such
Shares, as set forth in Section 2 hereof. The Stockholder hereby ratifies and
approves each and every action taken, decision made or instruction given by such
proxy and attorney-in-fact pursuant to the provisions of Section 2 hereof and
this Section 3.

 

(b) The Stockholder understands and acknowledges that the Parent is entering
into the Merger Agreement in reliance upon such irrevocable proxy. The
Stockholder hereby affirms that the irrevocable proxy set forth in this
Section 3 is given to secure the performance of the duties of the Stockholder
under this Voting Agreement. The Stockholder hereby affirms that the irrevocable
proxy is coupled with an interest and may under no circumstances be revoked.

 

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4. Option to Purchase Shares.

 

(a) If (i) the Closing does not occur by the Outside Date and the Merger
Agreement has been terminated pursuant to Section 9.2 of the Merger Agreement,
or (ii) the Company or the Stockholder shall have materially breached its
obligations under the Merger Agreement (it being understood that any breach of
Section 6.7 of the Merger Agreement shall be deemed a material breach) or this
Agreement, and, in the case of both clause (i) and (ii), Parent shall not have
materially breached its obligations under the Merger Agreement (it being
understood that any breach of Section 6.7 of the Merger Agreement shall be
deemed a material breach) (the foregoing conditions are referred to herein as,
the “Option Exercise Conditions”), then, subject to the last sentence of this
Section 4(a), the Stockholder hereby grants to Parent an unconditional,
irrevocable option (the “Option”) to purchase the Shares subject to this
Agreement, for an aggregate amount equal to (i) the Non-Escrowed Merger
Consideration times (ii) (a) the aggregate Shares to be acquired hereunder
divided by (b) the aggregate number of Fully-Diluted Company Common Shares
outstanding at the time of the acquisition of such Shares (the “Aggregate
Allocable Consideration”), and on substantially the same additional terms as set
forth in the Merger Agreement; provided that, if the Option is exercised
pursuant to clause (i) or, in the case of a material breach by the Company,
clause (ii) above, Parent shall at the time of such purchase, exercise its
option to purchase the other Shares subject to the other Voting Agreements
between Parent and the other Principal Stockholders. The Option shall terminate
(the “Option Termination Date”) on the earlier to occur of (x) the Effective
Time, or (y) sixty (60) days following the termination of the Merger Agreement
pursuant to Article IX thereof, and any exercise of the Option following the
Option Termination Date shall be null and void.

 

(b) Parent and the Stockholder acknowledge and agree that in the event of the
exercise of the Option, (i) the Stockholder shall provide the representations
and warranties with respect to the Stockholder’s title to and ownership of the
Shares set forth in the Letter of Transmittal and (ii) the Stockholder and
Parent shall provide other representations, warranties, indemnifications and
risk allocations no more extensive than, and subject to the limitations, as set
forth in the Merger Agreement.

 

(c) If Parent exercises the Option, Parent and the Stockholders shall use their
best efforts to consummate the purchase and sale of the Shares as soon as
reasonably practical after the exercise of the Option.

 

(d) In connection with the payment of the Aggregate Allocable Consideration to
the Shareholder, such Aggregate Allocable Consideration shall be paid in the
form of (i) an aggregate number of Parent Shares equal to (A) the product of
(1) 0.75 times (2) such Aggregate Allocable Consideration divided by (B) the
Assumed Share Value (the “Issued Parent Shares”) and (ii) with respect to the
Remaining Consideration (as hereinafter defined), cash and/or Parent Shares as
designated by the Shareholder; provided, in the event of any stock election with
respect to the Remaining Consideration, the aggregate number of Parent Shares to
be issued shall be calculated utilizing the Assumed Share Value. For purposes
hereof, “Remaining Consideration” means an

 

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aggregate amount equal to the product of (i) the Aggregate Allocable
Consideration times (ii) 0.25.

 

5. No Ownership Interest. Prior to its purchase of the Shares pursuant to the
Option, (a) nothing contained in this Voting Agreement shall be deemed to vest
in Parent any direct ownership or incidence of ownership of or with respect to
the Shares and (b) all rights, ownership and economic benefits of and relating
to the Shares shall remain vested in and belong to the Stockholder, and Parent
shall have no authority to manage, direct, restrict, regulate, govern, or
administer any of the policies or operations of the Company or exercise any
power or authority to direct the Stockholder in the voting of any of the Shares,
except as otherwise provided herein, or in the performance of the Stockholder’s
duties or responsibilities with respect to the Company.

 

6. Covenants, Representations and Warranties of the Stockholder. The Stockholder
hereby represents and warrants to, and covenants and agrees with, Parent as
follows:

 

(a) Ownership of Shares. The Stockholder is the sole record and Beneficial Owner
of the number of Shares set forth below the Stockholder’s name on the signature
page hereof. On the date hereof, the Shares set forth below the Stockholder’s
name on the signature page hereof constitute all of the shares of capital stock
of the Company owned of record or Beneficially Owned by the Stockholder or with
respect to which the Stockholder has voting power by proxy, voting agreement,
voting trust or other similar instrument. The Stockholder has, and will have at
any time from the date hereof until the date that Section 2 is no longer in
effect, sole voting power and sole power to issue instructions with respect to
the matters set forth in Section 2 hereof, sole power of disposition, sole power
of conversion, sole power to demand appraisal rights and sole power to agree to
all of the matters set forth in this Voting Agreement, in each case with respect
to all of the Shares set forth below the Stockholder’s name on the signature
page hereof, with no limitations, qualifications or restrictions on such rights,
subject to applicable securities laws, and the terms of this Voting Agreement.

 

(b) Authorization. The Stockholder has and will have the legal capacity, power
(corporate or otherwise) and authority to enter into and perform all of the
Stockholder’s obligations under this Voting Agreement. The execution, delivery
and performance of this Voting Agreement by the Stockholder will not violate any
other agreement to which the Stockholder is a party including, without
limitation, any voting agreement, stockholders agreement, voting trust, trust or
similar agreement. This Voting Agreement has been duly and validly executed and
delivered by the Stockholder and, assuming this Voting Agreement constitutes a
valid and binding obligation of Parent, constitutes a valid and binding
agreement enforceable against the Stockholder in accordance with its terms,
subject to the effect of bankruptcy, insolvency, reorganization, liquidation,
dissolution, moratorium or other similar laws relating to or affecting the
rights of creditors generally and to the effect of the application of general
principles of equity (regardless of whether considered in proceedings at law or
in equity). There is no beneficiary or holder of a voting trust certificate or
other interest of any trust of which the Stockholder is a trustee whose consent
is required for the execution and delivery of this Voting Agreement or the
consummation by the Stockholder of the transactions

 

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contemplated hereby. If the Stockholder is married and the Shares constitute
community property, this Voting Agreement has been duly authorized, executed and
delivered by, and constitutes a valid and binding agreement of, the
Stockholder’s spouse, enforceable against such person in accordance with its
terms.

 

(c) No Conflicts. (i) No filing with, and no permit, authorization, consent or
approval of, any state or federal public body or authority is necessary for the
execution of this Voting Agreement by the Stockholder and the consummation by
the Stockholder of the transactions contemplated hereby and (ii) none of the
execution and delivery of this Voting Agreement by the Stockholder, the
consummation by the Stockholder of the transactions contemplated hereby or
compliance by the Stockholder with any of the provisions hereof shall
(A) conflict with or result in any breach of the organizational documents of the
Stockholder (if applicable), (B) result in a violation or breach of, or
constitute (with or without notice or lapse of time or both) a default (or give
rise to any third party right of termination, cancellation, material
modification or acceleration) under any of the terms, conditions or provisions
of any note, bond, mortgage, indenture, license, contract, commitment,
arrangement, understanding, agreement or other instrument or obligation of any
kind to which the Stockholder is a party or by which the Stockholder or any of
the Stockholder’s properties or assets may be bound, or (C) violate any order,
writ injunction, decree, judgment, order, statute, rule or regulation applicable
to the Stockholder or any of the Stockholder’s properties or assets.

 

(d) No Encumbrances. Except as applicable in connection with the transactions
contemplated by Sections 2 and 3 hereof, the Shares at all times during the term
hereof will be Beneficially Owned by the Stockholder, free and clear of all
liens, claims, security interests, proxies, voting trusts or agreements,
understandings or arrangements or any other encumbrances whatsoever
(collectively, “Encumbrances”) other than existing Encumbrances to be discharged
at the Effective Time.

 

(e) No Solicitation. The Stockholder agrees not to take any action inconsistent
with or in violation of Section 6.2 of the Merger Agreement.

 

(f) Restriction on Transfer, Proxies and Non-Interference. The Stockholder shall
not, directly or indirectly: (i) except as contemplated by the Merger Agreement,
offer for sale, sell, transfer, tender, pledge, encumber, assign or otherwise
dispose of, or enter into any contract, option or other arrangement or
understanding with respect to or consent to the offer for sale, sale, transfer,
tender, pledge, encumbrance, assignment or other disposition of, any or all of
the Shares or any interest therein other than to the heirs or devisees of the
Stockholder or to a trust, partnership, limited liability company or other
entity for its benefit, provided that (A) such transferees have acknowledged and
agreed in writing to fulfill the obligations of the Stockholder hereunder and
(B) Parent receives prior written notice of any such transfer, (ii) except as
contemplated by this Voting Agreement, grant any proxies or powers of attorney,
deposit any Shares into a voting trust or enter into a voting agreement with
respect to the Shares, or (iii) take any action that would make any
representation or warranty of the Stockholder contained herein untrue or
incorrect or have the effect of preventing or disabling the Stockholder from
performing its obligations under this Voting Agreement.

 

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(g) Reliance by The Parent. The Stockholder understands and acknowledges that
the Parent is entering into the Merger Agreement in reliance upon the
Stockholder’s execution and delivery of this Voting Agreement.

 

(h) Knowledge of Terms and Conditions. The Stockholder acknowledges that the
Stockholder has been offered the opportunity to obtain and review copies of the
Parent SEC Reports. The Stockholder acknowledges that it has not been furnished
any other offering literature or prospectus except the Parent SEC Reports. The
Stockholder has had an opportunity to discuss the Parent SEC Reports with such
legal or financial advisors as the Stockholder has deemed necessary. The
Stockholder has relied solely upon independent investigations made by it. No
representations or warranties regarding the Parent or ownership of the Parent
Shares have been made to the Stockholder by the Parent or any director, manager,
officer, employee, agent or affiliate of the Parent.

 

(i) Stock Election. The Stockholder hereby covenants and agrees that in the
event that the aggregate number of Company Common Shares to be exchanged for
Parent Shares upon receipt of Stock Elections pursuant to Section 4.1(a)(ii) of
the Merger Agreement is less than 2,750,000 (excluding for this purpose any
Company Common Shares owned by S. Byrl Ross Enterprises, Inc. and Tres
Investment Company), then, upon delivery of written notice by the Parent to the
Stockholder (the “Notice”), the Stockholder shall be deemed, without any further
action by the Stockholder and notwithstanding any prior election, to have made a
Stock Election under the Merger Agreement with respect to an aggregate number of
Shares Beneficially Owned (the “Additional Share Amount”) by such Stockholder
such that the aggregate number of Company Common Shares to be exchanged for
Parent Shares upon receipt of Stock Elections pursuant to the Merger Agreement
will equal 2,750,000 (excluding for this purpose any Company Common Shares owned
by S. Byrl Ross Enterprises, Inc. and Tres Investment Company) (after giving
effect to each other Voting Agreement executed by a Principal Stockholder
thereunder); provided, that each Principal Stockholder shall be allocated an
aggregate amount of Additional Share Amounts based on the aggregate number of
Shares Beneficially Owned by such Principal Stockholder immediately prior to the
Effective Time as compared to the aggregate number of Shares Beneficially Owned
by all Principal Stockholders (excluding for this purpose Company Common Shares
owned by S. Byrl Ross Enterprises, Inc. and Tres Investment Company) subject to
Voting Agreements, subject to rounding to the nearest whole number. The Notice
to be delivered by Parent hereunder shall set forth the Additional Share Amount
for the Stockholder and each other Principal Stockholder subject to Voting
Agreements.

 

7. Stop Transfer.

 

(a) The Stockholder agrees and covenants to the Parent that the Stockholder
shall not request that the Company register the transfer (book-entry or
otherwise) of any certificate or uncertificated interest representing any of the
Shares, unless such transfer is made in compliance with this Voting Agreement.

 

(b) Without limiting the covenants set forth in paragraph (a) above, in the
event of a stock dividend or distribution, or any change in Shares by reason of
any stock

 

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dividend, split-up, recapitalization, combination, conversion of securities,
exchange of shares or the like, other than pursuant to the Merger, the term
“Shares” shall be deemed to refer to and include the Shares into which or for
which any or all of the Shares may be changed or exchanged and appropriate
adjustments shall be made to the terms and provisions of this Voting Agreement.

 

8. Further Assurances. From time to time, at the Parent’s request and without
further consideration, the Stockholder shall execute and deliver such additional
documents and take all such further lawful action as may be necessary or
desirable to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Voting Agreement.

 

9. Termination. Except as otherwise provided herein, the covenants and
agreements contained herein with respect to the Shares shall terminate upon the
earlier of (a) the termination of the Merger Agreement pursuant to Article IX
thereof or (b) the Effective Time; provided, however, that Section 4 shall
survive in accordance with its terms.

 

10. Miscellaneous.

 

(a) Entire Agreement. This Voting Agreement constitutes the entire agreement
among the parties with respect to the subject matter hereof and supersedes all
other prior agreements and understandings, both written and oral, between the
parties with respect to the subject matter hereof.

 

(b) Certain Events. Subject to Section 6(e) hereof, the Stockholder agrees that
this Voting Agreement and the obligations hereunder shall attach to the Shares
and shall be binding upon any Person to which legal or Beneficial Ownership of
such Shares shall pass, whether by operation of law or otherwise, including
without limitation, the Stockholder’s heirs, guardians, administrators or
successors. Notwithstanding any such transfer of Shares, the transferor shall
remain liable for the performance of all obligations under this Voting
Agreement.

 

(c) Amendments; Assignment. The provisions of this Voting Agreement shall be
binding upon and inure to the benefit of the parties hereto and their permitted
assigns. This Voting Agreement shall not be assigned by operation of law or
otherwise without the prior written consent of the Parent in the case of an
assignment by the Stockholder and the Stockholder in the case of any assignment
by the Parent; provided that the Parent may assign, in its sole discretion, its
rights and obligations hereunder to any direct or indirect wholly-owned
subsidiary of the Parent, but no such assignment shall relieve the Parent of its
obligations hereunder if such assignee does not perform such obligations.

 

(d) Amendment and Modification. This Voting Agreement may not be amended,
changed, supplemented, waived or otherwise modified or terminated, except upon
the execution and delivery of a written agreement executed by the parties hereto
affected by such amendment.

 

(e) Notices. Any notice or other communication required or which may be given
hereunder shall be in writing and delivered (i) personally, (ii) via telecopy,
(iii) via

 

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overnight courier (providing proof of delivery) or (iv) via registered or
certified mail (return receipt requested). Such notice shall be deemed to be
given, dated and received (i) when so delivered personally, via telecopy upon
confirmation, or via overnight courier upon actual delivery or (ii) two days
after the date of mailing, if mailed by registered or certified mail. Any notice
pursuant to this section shall be delivered as follows:

 

If to the Stockholder to the address set forth for the Stockholder on the
signature page to this Voting Agreement.

 

If to the Parent, to:

 

        Fortune Brands, Inc.

        520 Lake Cook Road

        Deerfield, Illinois 60015

        Attn: Mark A. Roche

        Facsimile: (847-484-4490)

 

(f) Severability. Whenever possible, each provision or portion of any provision
of this Voting Agreement will be interpreted in such a manner as to be effective
and valid under applicable law but if any provision or portion of any provision
of this Voting Agreement is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such invalidity,
illegality or unenforceability will not affect any other provision or portion of
any provision of this Voting Agreement in such jurisdiction, and this Voting
Agreement will be reformed, construed and enforced in such jurisdiction as if
such invalid, illegal or unenforceable provision or portion of any provision had
never been contained herein.

 

(g) Specific Performance. The parties hereto agree recognize and acknowledge
that a breach by it of any covenants or agreements contained in this Voting
Agreement will cause the other party to sustain damages for which it would not
have an adequate remedy at law for money damages, and therefore each of the
parties hereto agrees that in the event of any such breach the aggrieved party
shall be entitled to the remedy of specific performance of such covenants and
agreements and injunctive and other equitable relief in addition to any other
remedy to which it may be entitled, at law or in equity.

 

(h) Remedies Cumulative. All rights, powers and remedies provided under this
Voting Agreement or otherwise available in respect hereof at law or in equity
shall be cumulative and not alternative, and the exercise of any such rights,
powers or remedies by any party shall not preclude the simultaneous or later
exercise of any other such right, power or remedy by such party.

 

(i) No Waiver. The failure of any party hereto to exercise any right, power or
remedy provided under this Voting Agreement or otherwise available in respect
hereof at law or in equity, or to insist upon compliance by any other party
hereto with its obligations hereunder, and any custom or practice of the parties
at variance with the

 

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terms hereof, will not constitute a waiver by such party of its right to
exercise any such or other right, power or remedy or to demand such compliance.

 

(j) No Third Party Beneficiaries. This Voting Agreement is not intended to
confer upon any person other than the parties hereto any rights or remedies
hereunder.

 

(k) Governing Law. This Voting Agreement shall be governed by and construed in
accordance with the laws of the State of New York, regardless of the laws that
might otherwise govern under applicable principles of conflicts of laws thereof.

 

(l) Waiver of Jury Trial. IT SHALL BE A CONDITION PRECEDENT TO THE RIGHT OF ANY
PARTY TO INSTITUTE LITIGATION THAT THE PARTIES HERETO SHALL FIRST ENGAGE IN
MEDIATION IN A GOOD FAITH EFFORT TO RESOLVE ANY CONTROVERSY. EACH PARTY HERETO
HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY ACTION, SUIT
OR PROCEEDING IN CONNECTION WITH THIS VOTING AGREEMENT.

 

(m) Description Headings. The description headings used herein are for
convenience of reference only and are not intended to be part of or to affect
the meaning or interpretation of this Voting Agreement.

 

(n) Counterparts. This Voting Agreement may be executed in counterparts, each of
which will be considered one and the same Voting Agreement and will become
effective when such counterparts have been signed by each of the parties and
delivered to the other parties, it being understood that all parties need not
sign the same counterpart.

 

[signature page follows]

 

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IN WITNESS WHEREOF, the undersigned have caused this Voting and Option Agreement
to be duly executed as of the day and year first above written.

 

FORTUNE BRANDS, INC. By:    

Name:    

Title:         STOCKHOLDER:   Name:

Address:          

Facsimile:                  shares of Class A Common Stock and             
shares of Class B Common Stock

 

Signature page to Voting Agreement