Document:

Exhibit

September 19, 2017

Mr. Christopher Metz
21 Country Road South
Boynton Beach, FL  33436

Dear Chris:

Congratulations!  Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) is pleased to offer you the full-time position of Chief Executive Officer and a non-independent Board member, subject to formal approval by the Vista Outdoor Board of Directors.  As CEO, you will be responsible for day-to-day operations of the Company and the entire brand portfolio, reporting directly to the Board of Directors.
Your compensation package includes a base salary annualized at $1,000,000 per year, less applicable deductions and withholdings.  Your cash bonus will total a guaranteed 100% of your base salary for your first full year of service, payable in two installments across the current fiscal year (Fiscal Year 2018) and next fiscal year (Fiscal Year 2019).  For the Company’s Fiscal Year 2018 bonus payout, you will receive half of the guaranteed bonus, totaling $500,000.  For Fiscal Year 2019 (commencing April 1, 2018), you will participate in the Company’s Annual Incentive Plan (AIP) with a target of 100% of your base salary.  The payment in Fiscal 2019 will equal the guaranteed minimum of $500,000 (the second half of your Year One bonus), plus the differential between the minimum payment and the total of the earned AIP, if the AIP is greater than $500,000.  However, you are not entitled to the minimum payment and the total AIP amount earned.  For Fiscal Year 2020, you will participate only in the Company’s AIP, at which time the Board of Directors will set a target bonus and maximum bonus potential.  The percentage of your base salary used to calculate your target and maximum bonus potential will be determined by the Board as part of the Company’s annual planning process.  This bonus is not guaranteed and will be provided based on fiscal year end results of the Company's financial performance and your individual performance.  The annual bonus opportunity will be subject to the satisfaction of performance criteria to be determined by the Compensation Committee of the Vista Outdoor Board of Directors in its sole discretion.  Bonuses are paid within 2 1⁄2 months after the end of the Vista Outdoor fiscal year (by June 15th).
Beginning in Fiscal Year 2019, you will be eligible to participate in the Vista Outdoor executive long-term incentive (LTI) compensation program, which is intended to deliver compensation tied to long-term performance of Vista Outdoor. The design of this program is approved annually by the Compensation Committee of the Vista Outdoor Board of Directors in its sole discretion and may include a mix of both Vista Outdoor common stock and cash.  Your initial LTI grant includes the following:  

A total value of $3,300,000 of equity in the following components:
		
	•
	50% PSUs that can be earned over a three-year period;

		
	•
	30% RSUs that vest ratably over three years; and

		
	•
	20% Stock Options that vest ratably over three years

The following table outlines how the LTI is achieved by Performance Shares, RSU's and Stock Options, but please note that per the LTI plan, any performance share payout is capped at 125,000 shares:

	
				
	Performance Shares (if earned, to be paid out in shares of Vista Outdoor common stock)
	50% of long-term incentive opportunity
	Objective: Balance sales growth with effective capital management, as well as market returns
	Measured over a three-year period: (1) sales performance averaged over three consecutive annual periods (35% weighting); (2) return on invested capital averaged over the three-year period (30% weighting); (3) total stockholder return: relative three-year return compared to the S&P Midcap 400 Index (excluding companies in the Financial sector) (35% weighting)

	RSUs
	30% of long-term incentive opportunity
	Objective: Retention, with underlying value driven by stock-price performance
	Equal annual installment vesting over a three-year period

	Stock Options
	20% of long-term incentive opportunity
	Objective: Long-term stock price appreciation
	Exercise price equal to fair market value of Vista Outdoor stock on the date of grant; equal annual installment vesting over a three-year period; 10-year term

Going forward, an LTI award is typically granted during the first quarter of each fiscal year; however, the timing, form, amount and mix of the LTI award may be adjusted.  You will receive additional information about how to accept your sign-on award online through E-Trade, our stock plan administrator, within 30 days of your joining Vista Outdoor. 

This offer also includes an additional, one-time sign-on grant, with a value of $1,750,000 worth of RSU's upon commencement of employment, with a three-year vesting schedule.

You will also participate in the executive Income Security Plan (ISP), attached hereto, which provides additional benefits in the event of a change in control or other “qualifying event.”  Separate from any “qualifying event” per the ISP, you will also be eligible to receive one year of severance and bonus (actual bonus, if earned, based on company performance, paid on the date bonuses are paid to all qualifying employees) if you are terminated involuntarily for any reason other than cause (“cause” defined by the ISP) or for “Good Reason” as defined in the ISP. 
This offer includes Personal Time Off (PTO), which will accrue in even increments each pay period up to a total of 160 hours per full calendar year. 
As a regular status, full time employee, you will be immediately eligible to participate in the Vista Outdoor benefit programs; attached is a summary of the Vista Outdoor benefits. Your benefit options will be explained in more detail during your new hire orientation and you will be eligible to enroll in the benefit programs at that time.
Your principal work location will be at the Vista Outdoor headquarters in Farmington, Utah. To help you transition to your new home, we offer our Home Owner Relocation Program. The attached document describes the details of the relocation program and the Relocation Repayment form is enclosed for your signature.
To comply with the U.S. Immigration Act of 1986, on your first day at work, you will be filling out the U.S. Citizenship and Immigration Service’s Form I-9, “Employment Eligibility Verification.” Please review the attached list of acceptable documents and bring appropriate documentation of your choosing with you when you report to work at our facility.
Vista Outdoor must also comply with U.S. import/export laws. The position we are offering may expose you to controlled technical data as defined by U.S. export laws, so you must be either a U.S. Citizen or a U.S. Person, as that term is defined by statute. For your convenience, we have identified the following documents from the Form 

I-9, which will also establish your status as a U.S. Citizen or U.S. Person: unexpired U.S. passport; Certificate of U.S. Citizenship (INS Form N-560 or N-561); Certificate of Naturalization (INS Form N-550 or N-570); unexpired foreign passport with I-551 stamp; Alien Registration Receipt Card with Photograph (INS Form I-551); or an original or certified copy of your U.S. Birth Certificate plus one of the photo-containing documents listed in List B of the Form I-9.
Vista Outdoor does not want you to bring any proprietary information, customer lists, records, trade secrets, or any other property that belongs to any former employer. All such information should be returned to your former employer(s) prior to joining Vista Outdoor. Vista Outdoor will not ask you to use or disclose any other entity’s confidential or proprietary information or property in performing your job. Please carefully review the attached Confidentiality and Invention Assignment Agreement; it contains important information regarding your obligations toward Vista Outdoor and Vista Outdoor customer proprietary and confidential information. All employees are required to sign the Confidentiality and Invention Assignment Agreement as a term and condition of employment at Vista Outdoor.
The terms of this employment offer do not constitute an employment agreement; your pay and benefits will follow the Vista Outdoor compensation and benefits programs which are subject to change.
All employment at Vista Outdoor is at the mutual will of Vista Outdoor and the employee and either party may terminate the employment relationship at any time and for any reason, with or without cause or notice. The at-will employment relationship cannot be altered, unless it is done so in writing and signed by the Vista Outdoor General Counsel & Corporate Secretary of the Board of Directors. Failure to accurately and completely provide information requested during the hiring process may lead to this employment offer being revoked or the termination of your employment.
This employment offer is made contingent upon a successful background check and reference check. 
Chris, we are truly excited to extend this offer to you and look forward to the contributions you will make at Vista Outdoor.  It is anticipated that your start date will be on or about October 9, 2017.  To confirm acceptance of this employment offer, please sign, date and return this letter to me.

Sincerely,

	
	
	/s/ Michael Callahan

	Michael Callahan

	Interim Chairman and CEO

Accepted:

	
		
	/s/ Christopher Metz
	9/20/2017

	Christopher Metz
	DateExhibit 10.1

 

EXECUTION VERSION

 

INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT

 

This INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT
(this “IP Assignment”), dated as of September 29, 2017, is made by and between VectorVision, Inc., an Ohio corporation,
having a principal place of business at 1850 Livingston Road, Suite E, Greenville, Ohio 45331 and David W. Evans, a U.S. citizen,
having a principal place of business at 4141 Jutland Drive, Suite 214, San Diego, CA 92117 on the one hand (“Assignors”)
and Guardion Health Sciences, Inc., a Delaware corporation, having a principal place of business at 15150 Avenue of Science, Suite
200, San Diego California 92128 on the other hand (“Assignee”)

 

WHEREAS, Assignee,
Assignors, and certain other parties signatory thereto are parties to that certain Asset Purchase and Reorganization Agreement,
dated as September 29, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Reorganization
Agreement”). Capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Reorganization
Agreement.

 

WHEREAS, under
the terms of the Reorganization Agreement, Assignors have agreed to convey, transfer, and assign to Assignee, among other assets,
certain intellectual property of Assignors, and have agreed to execute and deliver this IP Assignment for recording with Governmental
Authorities, including, but not limited to, the US Patent and Trademark Office.

 

WHEREAS,
in connection with the consummation of the transactions contemplated by the Reorganization Agreement, Assignors hereby desire to
convey, transfer, and assign to Assignee all of Assignors’ right, title, and interest in, to, and under all of the Assigned
IP (as hereinafter defined), and Assignee hereby desires accept from Assignors all of Assignors’ right, title, and interest
in, to, and under all of the Assigned IP.

 

NOW THEREFORE,
in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:

 

1.          Assignment.
In consideration for the execution of the Reorganization Agreement, the payment of the consideration stipulated in the Reorganization
Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignors
hereby irrevocably convey, transfer, and assign to Assignee, all of which Assignors represent and warrant are exclusively owned
by Assignors free and clear of any encumbrances, and Assignee hereby accepts, all of Assignors’ right, title, and interest
in, to, and under the following (collectively, the “Assigned IP”):

 

(a)          all
inventions, including without limitation, the patents and patent applications set forth on Schedule 1 hereto, and all issuances,
divisions, continuations, continuations-in-part, reissues, extensions, reexaminations, and renewals thereof, including all priority
rights, and the right to claim priority rights and the privileges and benefits thereof, including those under the International
Convention, and all other conventions, and the worldwide right to file applications for said inventions in Assignee’s own
name;

 

    	 	-1-	 

     

    

  

(b)          all
trade secrets, non-public know-how, discoveries, improvements, concepts, ideas, methods, processes, procedures, designs, plans,
schematics, invention disclosure statements, drawings, formulae, technical data, specifications, research and development information,
technology and product roadmaps and data bases and other proprietary or confidential information, including customer, supplier
and mailing lists;

 

(c)          all
marks, names, trade dress, whether registered or unregistered, including without limitation, the trademark registrations and applications
set forth on Schedule 2 hereto, together with the goodwill connected with the use thereof and symbolized thereby, and all
issuances, extensions, and renewals thereof, provided, that with respect to the United States intent-to-use trademark applications,
if any, set forth on Schedule 2 hereto, the transfer of such applications accompanies, pursuant to the Reorganization Agreement,
the transfer of Assignors’ business, or portion of the business to which the trademark pertains, and that business is ongoing
and existing; all social media names and accounts;

 

(d)          all
copyrights, including, without limitation, the copyrights set forth on Schedule 3 hereto, including, without limitation,
any unregistered copyrights, applications, any renewals and extensions thereof, and in and to all works based upon, derived from,
or incorporating the copyrights, and in and to all rights corresponding to the foregoing throughout the world, and all the rights
embraced therein, including but not limited to, the right to duplicate, reproduce, copy, distribute, display, license, adapt,
and prepare derivative works from the copyrights, together with all physical or tangible embodiments of the copyrights, in Assignors’
possession or under Assignors’ control;

 

(e)         the
domain names set forth in Schedule 4 hereto;

 

(f)           the
intellectual property rights, information or assets arising from or related to the agreements set forth in Schedule 5 hereto;

 

(g)         in
the case of each of the foregoing:

 

i.            all
rights of any kind whatsoever of Assignors accruing under any of the foregoing provided by applicable law of any jurisdiction,
by international treaties and conventions, and otherwise throughout the world;

 

ii.            any
and all royalties, fees, income, payments, and other proceeds now or hereafter due or payable with respect to any and all of the
foregoing; and

 

iii.          any
and all claims and causes of action with respect to any of the foregoing, whether accruing before, on, and/or after the date hereof,
including all rights to and claims for damages, restitution, and injunctive and other legal and equitable relief for past, present,
and future infringement, dilution, misappropriation, violation, misuse, breach, or default, with the right but not the obligation
to sue for such legal and equitable relief and to collect, or otherwise recover, any such damages.

 

    	 	-2-	 

     

    

  

2.          Assignors’
Use and Enjoyment. The rights, title and interest assigned under Section 1 above shall be for Assignee’s own use and
enjoyment, and for the use and enjoyment of Assignee’s successors, assigns or other legal representatives, as fully
and entirely as the same would have been held and enjoyed by Assignors if this IP Assignment had not been made.

 

3.          Remainder
of Intellectual Property. Assignors hereby declare that, as to any of the assets, rights or interests intended to be included
in the Assigned IP hereby conveyed, the title to which may not have passed to the Assignee by virtue of this Assignment or any
transfer or assignment which may from time to time be executed and delivered pursuant to the provisions hereof, Assignors hold
such assets, rights or interests in trust for the benefit of the Assignee to transfer and assign the same as the Assignee may
from time to time direct. Assignors shall hold such asset or other right for the exclusive benefit of the Assignee and shall take
any and all action with respect thereto as the Assignee may reasonably direct for the Assignee’s account and benefit.

 

4.          Recordation.
Assignors authorize the Commissioner for Patents, the Commissioner for Trademarks, and any other governmental officials to record
and register this IP Assignment upon request by Assignee.

 

5.          Cooperation.
Assignors agree to perform all commercially reasonable acts deemed necessary or desirable by the Assignee to permit and assist
the Assignee, at the Assignee’s expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout
the world in the Assigned IP, to be assigned, or licensed to the Assignee under this Agreement. Such acts may include, but are
not limited to, execution of documents and assistance or cooperation (i) in the filing, prosecution, registration, and memorialization
of assignment of any applicable patents, copyrights, trademark, mask work, or other applications, (ii) in the enforcement of any
applicable patents, copyrights, trademark, mask work, moral rights, trade secrets, or other proprietary rights, and (iii) in other
legal proceedings related to the Assigned IP. In the event that the Assignee is unable for any reason to secure Assignors’
signature(s) to any document required to file, prosecute, register, or memorialize the assignment of any patent, copyright, trademark,
mask work or other applications or to enforce any patent, copyright, mask work, moral right, trade secret or other proprietary
right under any Assigned IP (including derivative works, improvements, renewals, extensions, continuations, divisionals, continuations
in part, continuing patent applications, reissues, and reexaminations of such Assigned IP), Assignors hereby irrevocably designate
and appoint the Assignee and the Assignee’s duly authorized officers and agents as Assignors’ agents and attorneys-in-fact
to act for and on Assignors’ behalf and instead of Assignors, (i) to execute, file, prosecute, register and memorialize
the assignment of any such application, (ii) to execute and file any documentation required for such enforcement, and (iii) to
do all other lawfully permitted acts to further the filing, prosecution, registration, memorialization of assignment, issuance,
and enforcement of patents, copyrights, mask works, moral rights, trade secrets or other rights under the Assigned IP, all with
the same legal force and effect as if executed by Assignors.

 

6.          Terms
of the Reorganization Agreement. The terms of the Reorganization Agreement, including, but not limited to, the representations,
warranties, covenants, agreements, and indemnities relating to the Assigned IP are incorporated herein by this reference. The
parties hereto acknowledge and agree that the representations, warranties, covenants, agreements, and indemnities contained in
the Reorganization Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided
therein. In the event of any conflict or inconsistency between the terms of the Reorganization Agreement and the terms hereof,
the terms of the Reorganization Agreement shall govern.

 

    	 	-3-	 

     

    

  

7.          Successors
and Assigns. This IP Assignment shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and assigns.

 

8.          Governing
Law. This IP Assignment shall be governed by and construed in accordance with the internal laws of the State of Delaware without
giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than those of the State of Delaware.

 

9.          Counterparts.
This IP Assignment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall
be deemed to be one and the same agreement. A signed copy of this IP Assignment delivered by facsimile, e-mail, or other means
of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this IP Assignment.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	-4-	 

     

    

  

The parties
hereto are signing this IP Assignment
as of the date
first set forth above.

 

	ASSIGNORS	 	ASSIGNEE
	 	 	 
	VECTORVISION, INC.	 	GUARDION HEALTH SCIENCES, INC.
	 	 	 
	By:	/David W. Evans/	 	By:	/Michael Favish/
	 	 	 	 	 
	Name:	David W. Evans	 	Name:	Michael Favish
	 	 	 	 	 
	Title:	CEO	 	Title:	CEO
	 	 	 	 
	DAVID W. EVANS	 	 
	 	 	 	 
	By:	/David W. Evans/	 	 

 

Signature
Page to IP Assignment

 

    	 	-5-	 

     

    

  

SCHEDULE
1

 

PATENTS

 

None.

 

    	 	-6-	 

     

    

 

SCHEDULE 2

 

COPYRIGHTS

 

Registered or Pending:

 

N/A

 

Common Law:

 

1.          Vision
Testing Chart #1

 

2.          Vision
Testing Chart #2

 

3.          Vision
Testing Chart #3

 

    	 	-7-	 

     

    

  

SCHEDULE 3

 

TRADEMARKS

 

Registered or Pending:

  

	Jurisdiction	 	Status	 	Application No. /

Filing Date	 	Registration No. /

Registration Date	 	Mark
	USA	 	Registered	 	
        85/683,064

        July 20, 2012
	 	
        4,341,403

        May 28, 2013
	 	VECTORVISION
	USA	 	Registered	 	
        85/683,115

        July 20, 2012
	 	
        4,500,241

        March 25, 2014
	 	CSV-1000

 

Common Law:

 

None.

 

    	 	-8-	 

     

    

  

SCHEDULE
4

 

DOMAIN
NAMES

 

1.          vectorvision.com

 

    	 	-9-	 

     

    

  

SCHEDULE
5

 

AGREEMENTS

 

1.    Product
Manufacturing & Distribution Agreement dated November ____, 2006 between VectorVision, Inc. and Good-Lite Company.

 

2.    Service
Agreement dated March 22, 2017 between VectorVision, Inc. and Pinakin Davey, OD, PhD.

 

3.    Sponsored
Research Agreement dated__________ between VectorVision, Inc. and Western University of Health Sciences.

 

    	 	-10-

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