Document:

Form of Warrant

 Exhibit 4.3 
 NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO
AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS ESTABLISHED BY AN OPINION FROM COUNSEL TO THE COMPANY. 
 WARRANT AWARD CERTIFICATE 
  

			
	Warrant #                     	  	For                      Shares

 DHB INDUSTRIES, INC. 
 THIS WARRANT AWARD CERTIFICATE (THIS “WARRANT AWARD”) CERTIFIES that on
                 , 20     (the “Issuance Date”),
                     (the “Holder”) was granted a warrant (the “Warrant”) to purchase, at the price of
$    .     per share, all or any part of                     fully paid and
non-assessable shares (“Shares”) of common stock, par value $.001 per share, of DHB INDUSTRIES, INC., a Delaware corporation (the “Company”), upon and subject to the following terms and conditions: 
 1. General Terms of the Warrant. The Warrant is granted in accordance with, and as a material inducement to, the Holder’s [commencement]
[continuation] of [employment with] [providing services to] the Company. In addition, this Warrant is granted under, and is subject to the terms and conditions of, the Company’s 2005 Omnibus Equity Incentive Plan (the
“Plan”), the terms, conditions and definitions of which are hereby incorporated herein as though set forth at length. Capitalized terms used herein shall have the meanings set forth in the Plan, unless otherwise defined herein.

 2. Expiration. Except as otherwise provided herein, this Warrant shall
expire and shall no longer be exercisable one day prior to the 10th anniversary of the Issuance Date. 
 3. Exercise. Except as otherwise permitted under the Plan, this Warrant may be exercised or surrendered during the Holder’s lifetime only by
the Holder or his/her guardian or legal representative. THIS WARRANT SHALL NOT BE TRANSFERABLE BY THE HOLDER OTHERWISE THAN BY WILL OR BY THE LAWS OF DESCENT AND DISTRIBUTION, UNLESS THE COMMITTEE, IN ITS SOLE AND ABSOLUTE DISCRETION, CONSENTS TO A
TRANSFER AUTHORIZED BY SECTION 10(b) OF THE PLAN. 
 Except as otherwise provided in Sections 4 and 5 of this Warrant Award or Section 9
of the Plan, this Warrant shall vest as follows: 10% on the Issuance Date, 30% on the date one year after the Issuance Date, 30% on the date two years after the Issuance Date and 30% on the date three years after the Issuance Date. 

 This Warrant may be exercised by the Holder (or by his executors, administrators, guardian or legal
representative), as to all or any of the then-vested portion thereof, by the giving of written notice of exercise to the Company, specifying the number of Shares to be purchased, accompanied by payment of the full purchase price (specified herein)
for the Shares being purchased. Full payment of such purchase price shall be made at the time of exercise and shall be made (i) in cash or by certified check or bank check or wire transfer of immediately available funds or (ii) with the
consent of the Committee, in its sole and absolute discretion, by tendering previously acquired Shares (valued at their then Fair Market Value, as determined by the Committee as of the date of exercise). Such notice of exercise, accompanied by such
payment, shall be delivered to the Company at its principal business office or such other office as the Company may from time to time direct, and shall be in the form of Exhibit A hereto or such other form as the Company may from time to time
prescribe by notice to the Holder. In no event may this Warrant be exercised for a fraction of a Share. No person exercising this Warrant shall have any of the rights of a holder of Shares subject to this Warrant until such Shares shall have been
issued (as noted in the stock transfer books and records of the Company) following the exercise of such Warrant. No adjustment shall be made for cash dividends or other rights for which the record date is prior to the date of such issuance.

 4. Termination of Employment by the Company for Cause. In the event the Holder’s employment is terminated by the Company for
Cause, the Warrant shall cease to vest and neither any vested nor any unvested portion of the Warrant may be exercised after such termination. “Cause” shall, with respect to any Holder, have the equivalent meaning or the same
meaning as “cause” or “for cause” set forth in any written employment, consulting or other agreement for the performance of services between the Holder and the Company or a Related Entity (a “Services Agreement”)
or, in the absence of any such Services Agreement or any such definition in such agreement, such term shall mean (i) the failure by the Holder to perform, in a reasonable manner, his or her duties as assigned by the Company or a Related Entity,
(ii) any violation or breach by the Holder of his or her Services Agreement, if any, or any written Company policy, (iii) any violation or breach by the Holder of any non-competition, non-solicitation, non-disclosure and/or other similar
agreement with the Company or a Related Entity, (iv) any act by the Holder of dishonesty or bad faith or breach of duty or loyalty with respect to the Company or a Related Entity, (v) use of alcohol, drugs or other similar substances in a
manner that adversely affects the Holder’s work performance, (vi) the commission by the Holder of any act, misdemeanor, or crime reflecting unfavorably upon the Holder or the Company or any Related Entity or (vii) any statement
(written or verbal) by the Holder which denigrates, demeans, libels or slanders the Company or a Related Entity and which has had or is reasonably likely to have a material adverse effect on the Company or any Related Entity or its business,
operations or reputation. The good faith determination by the Committee of whether the Holder’s Continuous Service was terminated by the Company for “Cause” shall be final and binding for all purposes hereunder. 
 5. Other Termination of Employment. In the event the Holder’s employment terminates
for any reason not addressed by Section 4 of this Warrant Award, this Warrant shall cease to vest and, to the extent vested on the date of such termination and not previously expired or exercised, shall be exercisable in accordance with this
Warrant Award until the earlier of (i) the 90th day after such termination (or one year after termination because of death) or (ii) the day on
which the Warrant is scheduled to expire in accordance with Section 2 of this Warrant Award, unless the Committee, in its sole and absolute discretion and subject to the terms of the Plan, decides otherwise. No unvested portion of the Warrant
may be exercised after any such termination. 
  

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 6. Restrictions on Exercise. 
 (a) Notwithstanding anything to the contrary contained herein, this Warrant may not be exercised, and neither this Warrant nor the Shares
issued upon exercise of this Warrant may be purchased, sold or transferred, unless the Company, in its sole and absolute discretion, believes such exercise, purchase, sale or transfer (as the case may be) is in compliance with the Securities Act of
1933, as amended (the “Act”), or any comparable federal securities law and all applicable state securities laws, and the requirements of any stock exchange, national market system or national quotation system on which securities of
the Company of the same class as the Shares are then traded or quoted, in each case as in effect on the date of such proposed exercise, purchase, sale or transfer. 
 (b) In the event that the Warrant or any portion thereof cannot be exercised
immediately prior to the time it expires pursuant to any of Sections 2 and 5 of this Warrant Award because such exercise would violate an applicable Federal, state, local or foreign law, then the expiration date of such portion shall be extended to
the 30th day after the date on which such exercise would no longer violate an applicable Federal, state, local or foreign law. The Company shall use
reasonable efforts to notify the Holder of the date on which such exercise would no longer violate an applicable Federal, state, local or foreign law. 
 (c) The Holder acknowledges that the Company shall have the right, but not the obligation, to register the Shares underlying this Warrant
on a Form S-8 or S-3 to facilitate their resale by the Holder. The Holder acknowledges that the Company is under no obligation to register, qualify or list, or maintain the registration, qualification or listing of, the Warrant or the Shares with
the Securities and Exchange Commission, any state securities commission or any stock exchange, national market system or national quotation system to effect such compliance. 
 (d) In the event the Holder desires to offer for sale or to otherwise transfer this Warrant or the Shares for which this Warrant may be
exercised pursuant to an exemption from registration under the Act, the Holder shall make such representations and furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company, in light of the then
existence or non-existence of an effective Registration Statement under the Act with respect to such Shares to issue the Shares in compliance with the provisions of that or any comparable federal securities law and all applicable state securities
laws. 
 7. Adjustments. Notwithstanding anything to the contrary contained herein, to prevent the dilution or enlargement of benefits
or potential benefits intended to be made available under the Plan, this Warrant shall be subject to adjustment pursuant to Section 10(c) of the Plan. 
  

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 8. Delivery of Share Certificates. Within a reasonable time after the exercise of this Warrant and
the issuance of Shares in connection therewith, the Company shall cause to be delivered to the person entitled thereto a certificate representing such Shares. If this Warrant shall have been exercised with respect to the purchase of less than all of
the Shares subject to this Warrant, the Company shall make a notation in its books and records to reflect the partial exercise of this Warrant and the number of Shares with respect to which this Warrant remains available for exercise. Absent
manifest error, the Company’s books and records shall be final, conclusive and determinative as to the number of Shares with respect to which this Warrant remains available for exercise. 
 9. Withholding. If the Company or any subsidiary or affiliate of the Company is required to withhold any amounts by reasons of any federal, state
or local tax laws, rules or regulations in respect of (a) the issuance of Shares to the Holder pursuant to this Warrant, and/or (b) the exercise or disposition (in whole or in part) of the Warrant, the Company or such subsidiary or
affiliate shall be entitled to deduct and withhold such amounts from any payments to be made to the Holder. In any event, the Holder shall make available to the Company or such subsidiary or affiliate, promptly when requested by the Company or such
subsidiary or affiliate, sufficient funds to meet the requirements of such withholding; and the Company or such subsidiary or affiliate shall be entitled to take and authorize such steps as it may deem advisable in order to have such funds available
to the Company or such subsidiary or affiliate out of any funds or property due or to become due to the Holder. With the consent of the Committee (which can be given or withheld in its sole and absolute discretion), withholding tax obligations of
the Holder may be satisfied by the tendering of Shares by the Holder or by the withholding of Shares by the Company (in either case with such Shares to be valued at their Fair Market Value as of the date of exercise, as determined in the sole and
absolute discretion of the Committee). 
 10. Committee Discretion. The Committee shall have sole and absolute discretion to
interpret, construe or apply any provision of the Plan and this Warrant Award and its determinations as to the meaning or application of the Plan and this Warrant Award shall be final and binding. The Committee is authorized, in its discretion, to
make any determinations necessary or advisable for the administration of the Plan and this Warrant, waive any conditions or rights under this Warrant Award or amend, alter, accelerate, suspend, discontinue or terminate this Warrant or this Warrant
Award; provided, however, that, except in furtherance of Section 7 hereof, without the consent of the Holder, no such amendment, alteration, suspension, discontinuation or termination of this Warrant Award may materially and
adversely affect the rights of the Holder hereunder. 
 11. Reservation of Shares. The Company hereby agrees that at all times there
shall be reserved for issuance and/or delivery such number of Shares as shall be required for issuance or delivery to the Holder following the exercise hereof. 
 12. Rights of Holder. Nothing contained in this Warrant Award shall be construed to confer upon the Holder any right to be continued in the employ of the Company and/or any subsidiary or affiliate of the
Company or derogate from any right of the Company and/or any subsidiary or affiliate of the Company to retire, request the resignation of, or discharge the Holder at any time, with or without cause. The Holder shall not, by virtue hereof, be
entitled to any rights of a shareholder in the Company, either at law or in equity, and the rights of the Holder are limited to those expressed herein and are not enforceable against the Company except to the extent set forth herein. 
  

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 13. Successors and Assigns. The provisions of this Warrant Award shall be binding upon and
inure to the benefit of the Company, its successors and assigns, and Holder and, to the extent applicable, Holder’s legal representative or permitted assigns. 
 14. Legend. The Company may cause the following or a similar legend to be set forth on each certificate representing Shares or any other security issued or issuable upon exercise of this Warrant unless counsel
for the Company is of the opinion as to any such certificate that such legend is unnecessary: 
 THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE ACT, THE AVAILABILITY OF WHICH IS ESTABLISHED BY AN OPINION FROM COUNSEL TO THE COMPANY. 
 15. Notices. Any notice which
either party hereto may be required or permitted to give to the other shall be in writing, and may be delivered personally or by mail, postage prepaid, or overnight courier, addressed as follows: if to the Company, at the address shown on the cover
page of its most recently filed periodic report with the SEC (or, if the Company is not currently filing periodic reports, at the last address designated by notice from the Company to the Holder pursuant to this Section 15), Attn: General
Counsel; and if to the Holder, at the address shown below his signature on this Warrant Award, or at such other address as the Holder by notice to the Company may designate in writing from time to time. Notices shall be effective upon receipt.

 16. Conflict with Services Agreement or Plan. In the event of any conflict between the terms of the Holder’s Services
Agreement, if any, and the terms of this Warrant Award with respect to the Warrant, the terms of this Warrant Award shall control. In the event of any conflict between the terms of the Holder’s Services Agreement, if any, or this Warrant Award
and the terms of the Plan, the terms of the Plan shall control. 
 17. Governing Law. To the extent federal law does not otherwise
control, the validity, interpretation, performance and enforcement of this Warrant Award shall be governed by the laws of the State of Delaware, without giving effect to principles of conflicts of laws thereof. 
 [Remainder of page intentionally blank.] 
  

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 IN WITNESS WHEREOF, the Company has executed this Warrant Award as of the date first set forth above.

  

			
	 DHB INDUSTRIES, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 Date:
	 	  

	 Attest:
	 	  

 Holder hereby acknowledges by his signature below that he has received a copy of this
Warrant Award and the Plan. 
  

					
	 Accepted and Confirmed:

	
	

	 [NAME OF HOLDER]

	
	

	 Address

	
	  

	 City
	 	 State
	 	 Zip Code

	
	  

	 Social Security Number

  

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 Exhibit A 
 FORM OF ELECTION TO PURCHASE 
 To DHB Industries, Inc.: 
 The undersigned is the Holder of Warrant No.                      (the “Warrant”) issued by
DHB Industries Inc., a Delaware corporation (the “Company”). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant. 
  

	 	1.	The Warrant is currently exercisable to purchase a total of
                     Shares. 

  

	 	2.	The undersigned Holder hereby exercises its rights with respect to
                     Shares pursuant to the Warrant (“Exercised Share Number”). 

  

	 	3.	The Holder intends that payment of the exercise price shall be made (check one): 

  

			
		  	[    ] in cash or by certified check or bank check or wire transfer of immediately available funds
		
		  	[    ] by tendering previously acquired Shares (subject to the consent of the Committee)

 (a) If the Holder has elected the first method of exercise, the Holder shall pay
the sum of $            .     to the Company in accordance with the terms of the Warrant (equal to the Exercised Share Number multiplied by the exercise
price of $            .     per Share). 
 (b) If the Holder has elected the second method of exercise, the Committee shall determine the number of previously acquired Shares to be tendered and provide further instructions to the Holder. 
  

	 	4.	The Holder intends that payment of applicable withholding taxes shall be made (check one): 

  

			
		  	[    ] in cash or by certified check or bank check or wire transfer of immediately available funds
		
		  	[    ] by the Company withholding cash from amounts otherwise payable to Holder
		
		  	[    ] by tendering previously acquired Shares (subject to the consent of the Committee)
		
		  	[    ] by the Company withholding Shares otherwise issuable to Holder upon this exercise (subject to the consent of the Committee)

 The undersigned requests that certificates for the Shares issuable upon this exercise be issued in the name of
                    . 
 Dated:
                     Name of Holder
                                        

 Address
                                        
                                        
                                        

 Name
                                        
                     Title
                                     
 Social Security or Tax ID: Number
                                     
 Signature:Employment greement

 Exhibit 10.3 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (including any amendments hereto as are in effect from time
to time, this “Agreement”) is made as of the 28th day of September, 2006 by and between John C. Siemer (“Executive”) and DHB Industries, Inc., a Delaware corporation (alone or together with all divisions, subsidiaries and groups,
the “Company”). 
 In consideration of the mutual covenants contained in this Agreement, and for other good and valuable
consideration the receipt and sufficiency of which is acknowledged, the parties agree as follows: 
 1. Agreement to Employ. The
company hereby agrees to employ the Executive, and Executive hereby agrees to be employed by the Company, pursuant to the terms and conditions set forth in this Agreement. Executive represents and agrees that (i) he is entering into this
Agreement voluntarily and that his employment hereunder and compliance with the terms and conditions hereof will not conflict with or result in a breach by him of any agreement to which he is a party or by which he may be bound, (ii) he has not
violated, and in connection with his employment by the Company will not violate, any non-solicitation or similar covenant to which he is or may be bound, and (iii) in connection with his employment by the Company, he will not use any
confidential or proprietary information he may have obtained in connection with his employment by any previous employer. 
 2. Term.
The Company agrees to employ Executive, and Executive agrees to be employed by the Company, subject to the terms and conditions of this Agreement, for the period commencing on the 28th day of September, 2006 (the “Effective Date”) and
terminating on the third anniversary of the Effective Date, unless earlier terminated as provided in Section 7, provided that such initial term shall be extended automatically for successive one-year periods unless the company shall have
provided notice to the Executive not less than 30 days prior to the expiration of the initial term or any such extension term of its intention not to extend the Employment Period, as defined below. The period during which the Executive is employed
pursuant to this Agreement shall be referred to herein as the “Employment Period.” 
 3. Employment Duties. 
 2.1 Title and Duties. During the Employment Period, Executive shall be employed in the business of the Company. Executive shall
serve as Chief Operating Officer (COO) – Chief of Staff of DHB Industries, Inc. and may also assume similar positions or other positions with subsidiaries and affiliates of DHB Industries, Inc. Executive shall devote substantially all of his
working time and efforts to the performance of his duties under this Agreement, provided that Executive may also (i) serve on corporate or civic boards or committees, (ii) deliver lectures or presentations to professional and similar
organizations and/or participate in continuing education activities, and (iii) manage his or his family’s personal investments, in each case so long as such activities do not substantially interfere with the performance of Executive’s
responsibilities under this Agreement and do not conflict with any company rule or policy or present a conflict of interest with the Company. Executive’s duties and responsibilities shall include those customarily assigned to the COO of a
comparable manufacturing business having significant government contracting activity and such other duties and responsibilities, including coordination of corporate staff, as are consistent with Executive’s title(s) as the Chief Executive
Officer shall specify from time to time. 

 2.2 Location/Travel. In performing his duties hereunder, Executive shall be
available for reasonable travel, as the needs of the business of the Company may require. It is expected that Executive shall be based and shall perform his duties primarily at the Company’s Pompano Beach, Florida facility. 
 2.3 Reporting. In carrying out his duties hereunder, Executive shall report to the Chief Executive Officer. 
 3. Compensation/Benefits. In consideration of Executive’s services hereunder, the Company shall provide Executive the following: 

3.1 Base Salary. During the Employment Period, the Executive shall receive an annual rate of base salary not less than $350,000,
which the Company shall pay at semi-monthly intervals, or otherwise at such intervals (not less frequently than monthly) as are used generally for the Company’s senior executives. The base salary shall be reviewed annually by the Company
(through its Board or any Compensation Committee thereof) not later than June 30 of each calendar year and may be increased (but not decreased) by such amount as the Company in its sole discretion shall determine. 
 3.2 Bonuses. Commencing at the close of each fiscal year of the Company during the Employment Period, the Company shall review the
performance of the Company and of Executive during the prior fiscal year, and the Company may provide Executive with additional compensation as a bonus if the Board of Directors, or any Compensation Committee thereof, in its sole discretion,
determines. Executive shall receive from the Company a signing payment (including amounts for previous work performed) of $54,726 as promptly as practicable following the Effective Date. 
 3.3 Equity-Based Compensation. Effective on the Effective Date, to induce Executive to enter into this Agreement, Executive will be
granted by the Company warrants to purchase 400,000 shares of common stock of the Company, pursuant to a separate award agreement substantially in the form of Exhibit A (“Award Agreement”). Such warrants will have a term of 10 years from
the Effective Date. On the Effective Date 10% of such warrants shall be vested and exercisable, 30% of such warrants shall vest and become exercisable on each of the first, second and third anniversaries following the Effective Date. The warrants
shall have an exercise price equal to the closing price per share of the company’s common stock on the Effective Date, as set forth in the Award Agreement. The warrants will be subject to such other terms and restrictions as are set forth in
the Award Agreement, and in the event of any conflict between the terms hereof and the Award Agreement, the terms of the Award Agreement shall take precedence. The Company will reserve for issuance the number of shares of common stock underlying the
warrants and, as promptly as practicable once it is in compliance with applicable reporting and other requirements, shall use its best efforts to file a registration statement with respect to such shares and to cause such registration statement to
remain effective until the end of the term of such warrants. 
  

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 3.4 Vacation. Executive shall be entitled to three (3) weeks of paid vacation
for the first calendar year of this agreement and four (4) weeks during subsequent calendar years, provided that not more than 10 days accrued and unused vacation may be carried over into any subsequent year. 
 3.5 Expenses. Executive shall be entitled to reimbursement of reasonable business expenses incurred in carrying out his duties for
the Company, provided that such expenses are evidenced by appropriate documentation and submitted in accordance with Company policies and procedures. For so long as Executive is required to work for the Company primarily at a location other than the
vicinity of his home address, Executive shall also be entitled to receive from the Company a stipend for temporary housing and for the use of an automobile, in the amount of $2,500 per month. 
 3.6 Other Benefits. The Company shall provide to Executive such other benefits, including the right to participate in medical,
savings, deferred compensation and other benefit plans and arrangements as are made generally available to other senior executives of the Company from time to time. 
 4. Indemnification. 
 4.1 Indemnity. To the fullest extent permitted by law,
the Company shall indemnify Executive with respect to any actions commenced against Executive in his capacity as an officer, director, executive, agent or fiduciary or former officer, director, executive, agent or fiduciary of the Company, or any
affiliate thereof, for which Executive may render service in such capacity, whether by or on behalf of the Company, its shareholders or third parties, and the Company shall advance to Executive on a timely basis an amount equal to the reasonable
fees and expenses incurred in defending such actions, after receipt of an itemized request for such advance, and an undertaking from Executive to repay the amount of such advance, with interest at a reasonable rate from the date of the request, as
determined by the Company, if it shall ultimately be determined that Executive is not entitled (as a matter of law or by judicial determination) to be indemnified against such expenses. This indemnity shall survive any termination of employment
under this Agreement and is in addition to and not in limitation of any other right to indemnification or exoneration to which Executive is entitled at law, or under the governing organizational documents and/or policies of the Company. The Company
agrees to use its best efforts to secure and maintain officers’ and directors’ liability insurance, including coverage for Executive. 
 5. Covenants and Confidential Information. 
 5.1 Restrictive Covenants. Executive acknowledges the
Company’s reliance on and expectation of Executive’s continued commitment to performance of his duties and responsibilities during the Employment Period. In light of such reliance and expectation on the part of the Company, during the
applicable period hereafter specified in Section 5.3, Executive shall not, directly or indirectly, do or suffer either of the following: 
 (a)(1) own, manage, control or participate in the ownership, management or control of, or be employed or engaged by or otherwise affiliated or associated as an Executive, agent, representative, consultant, independent
contractor or otherwise with, any 

  

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other corporation, partnership, proprietorship, firm, association or other business entity engaged in the business of, or otherwise engage in the business
of, manufacturing, selling or distributing body armor or body armor related products, and other products manufactured, sold or distributed by the Company from time to time, within the United States in direct or indirect competition with the Company
or any of its affiliates; 
 (2) solicit any business or contracts from any customers of the Company or its affiliates, any
past customers of the Company or its affiliates, or any prospective customers of the Company or its affiliates (i.e., potential customers from which the Company or its affiliates has solicited business at any time during the twelve (12) month
period preceding the expiration or termination of the Employment Period), except as necessitated by Executive’s position with the Company and then only in furtherance of the business interests of the Company or its affiliates; 
 (3) induce or attempt to induce any such customer to alter its business relationship with the Company or its affiliates except as
necessitated by Executive’s position with the Company and then only in furtherance of the business interests of the Company or its affiliates; 
 (4) solicit or induce or attempt to solicit or induce any executive or employee of the Company or its affiliates to leave the employ of the Company or any of its affiliates for any reason whatsoever or hire any person
who was an executive or employee of the Company or its affiliates within the twelve (12) month period prior to such hiring; or 
 (5) directly or indirectly, engage in any conduct or make any statement, whether in commercial or noncommercial speech, disparaging or criticizing in any way the Company or any of its affiliates, or any products or services offered by any
of them, nor shall Executive engage in any other conduct or make any other statement that could be reasonably expected to impair the goodwill of any of the Company or any if its affiliates, the reputation of any products or services of the Company
or any of its affiliates or the marketing of such products or services. 
 (b) disclose, divulge, discuss, copy or otherwise
use or suffer to be used in any manner, other than in accordance with Executive’s duties hereunder (and in a manner not in violation or conflict with applicable laws and regulations), any confidential or proprietary information relating to the
Company’s or any of its affiliates’ businesses, prospects, finances, operations, pricing, products, research and development or properties or other trade secrets of the Company or any of its affiliates, it being acknowledged and agreed by
Executive that all such information regarding the business of the Company or any of its affiliates compiled or obtained by, or furnished to, Executive while Executive shall have been employed by or associated with the Company is confidential and/or
proprietary information and the Company’s exclusive property; provided, however, that the foregoing restrictions shall not apply to the extent that such information: (A) is clearly obtainable in the public domain; (B) becomes
obtainable in the public domain, other than by reason of the breach by Executive of the terms hereof or breach by another person barred by a duty of confidentiality to the Company; or (C) is required to be disclosed by rule of law or by order
of a court or governmental body or agency. 
 5.2 Litigation; Cooperation. If this Agreement is terminated by the
Company other than for Cause or by the Executive for Good Reason (as defined herein), the Executive 

  

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agrees that, for up to 12 months following the date of termination, he will provide to the Company and its affiliates truthful and complete cooperation
including, but not limited to, the Executive’s appearance at interviews and depositions at reasonable times in all regulatory or litigation matters and proceedings relating to the Company and its affiliates, and to provide to the Company’s
legal counsel, upon request, all documents and materials in his possession or under his control relating to such matters and proceedings, all at no additional compensation to the Executive, provided that the company shall reimburse promptly the
Executive for all reasonable expenses, including attorney’s fees and other expenses, as well as pay to the Executive any amount of salary forfeited and including with respect to vacation time consumed by him during any time spent by Executive
in connection with the foregoing. 
 5.3 Applicable Periods. The applicable periods shall be: 
 (a) so long as Executive is an Executive of the Company; and 
 (b) for a period of twelve (12) months after termination of employment or the expiration of the Employment Period. 
 5.4 Injunctive Relief. Executive agrees and understands that the remedy at law for any breach by his of this Section 5 will be
inadequate and that the damages flowing from such breach are not readily susceptible to being measured in monetary terms. Accordingly, it is acknowledged that the Company shall be entitled to immediate injunctive relief and may obtain a temporary
order restraining any threatened or further breach. Nothing in this Section 5 shall be deemed to limit the Company’s remedies at law or in equity for any breach by Executive of any of the provisions of this Section 5 which may be
pursued or availed of by the Company. 
 5.5 Acknowledgment by Executive. Executive has carefully considered the nature
and extent of the restrictions upon his and the rights and remedies conferred upon the Company under this Section 5, and hereby acknowledges and agrees that the same are reasonable in time and territory, do not stifle the inherent skill and
experience of Executive, would not operate as a bar to Executive’s sole means of support, are fully required to protect the legitimate interests of the Company, and do not confer a benefit upon the Company disproportionate to the detriment of
Executive. 
 6. Proprietary Rights. 
 6.1 Copyrights. At all times during the Employment Period, all right, title and interest in all copyrightable material which Executive shall conceive or originate, either individually or jointly with others,
and which arise out of the performance of this Agreement, will be the property of the Company and are by this Agreement assigned to the Company along with ownership of any and all copyrights in the copyrightable material. At all times during the
Employment Period, Executive agrees to execute all papers and perform all other acts necessary to assist the Company to obtain and register copyrights on such materials in any and all countries, and the Company agrees to pay expenses associated with
such copyright registration. Works of authorship created by Executive for the Company in performing his responsibilities under this Agreement shall be considered “works made for hire” as defined in the U.S. Copyright Act. In addition,
Executive hereby assignees to the Company all proprietary rights, including but not limited to, all patents, copyrights, trade secrets and trademarks Executive might otherwise have, by operation of law or otherwise, in all inventions, discoveries,
works, ideas, information, knowledge and data related to Executive’s access to confidential information of the Company during the Employment Period. 
  

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 6.2 Know-How and Trade Secret. All know-how and trade secret information conceived
or originated by Executive which arises out of the performance of his obligations or responsibilities under this Agreement during the Employment Period or otherwise shall be the property of the Company, and all rights therein are by this Agreement
assigned to the Company. 
 6.3 Joint Ventures, etc. If, during the Employment Period, Executive is engaged in or
associated with the planning or implementing of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or venture shall belong to the Company. Except as formally approved by the Board
of Directors of the Parent, Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder’s fee or other compensation in connection therewith other than the compensation to be paid to Executive
as provided in this Agreement. 
 6.4 Return of Materials. Upon termination of the Employment Period, Executive shall
deliver promptly to the Company all records, manuals, books, documents, letters, memoranda, notes, notebooks, reports, data, tables, calculations, customer and prospective customer lists, and copies of all of the foregoing, which are the property of
the Company, and all other property, trade secrets and confidential information of the Company, including, but not limited to, all documents which in whole or in part contain any trade secrets or confidential information of the Company, which in any
of these cases are in his possession or under his control. 
 7. Termination. 
 7.1 Death or Disability. This Agreement shall terminate automatically upon the Executive’s death or upon a determination by
the Board of Directors to terminate the Executive’s employment as a result of his disability during the Employment Period. For purposes of this Agreement, “disability” shall mean a physical or mental disability that prevents or can be
reasonably expected to prevent the performance by the Executive of his duties hereunder for a continuous period of 90 days or longer in any 12-month period. Determination of disability shall be supported by the report of an independent physician
reasonably acceptable to the Company and Executive (or his representative), taking into account competent medical evidence, and otherwise shall be in accordance with the Americans with Disabilities Act and other applicable laws. 
 7.2 Termination by the Company. The Company may terminate the Executive’s employment during the Employment Period for Cause or
without Cause. For purposes of this Agreement, “Cause” shall mean the Executive’s (i) engaging in fraudulent or dishonest conduct (as determined by a finding, order, judgment or decree in any court or administrative agency of
competent jurisdiction, in any action or proceeding whether civil, criminal, administrative or investigative) that the Board reasonably determines has or would have a material adverse impact on Company, its affiliates or their respective businesses;
(ii) conviction of, or entering a plea of nolo contendere to, a felony criminal offense or comparable level of crime in any jurisdiction that uses a different nomenclature; (iii) willful refusal to perform his material employment-related
duties or responsibilities or intentionally engaging in any activity that is in material conflict with or is materially adverse to the business interests of the Company, its affiliates or their respective businesses; (iv) gross negligence in
the 

  

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performance of his material employment-related duties or responsibilities; or (v) breach of any material provision of this Agreement (in the case of
(iii), (iv) and (v) above, that is not cured by the Executive within 30 days following receipt by the Executive of notice from the Company setting forth in reasonable detail the circumstances giving rise to such Cause). A termination for
Cause shall include a determination by the Board no later than 45 days following the termination of the Employment Period that circumstances existed during the Employment Period that would have justified a termination for Cause. A termination of the
Executive by the Company shall not be a termination for Cause for purposes of this Agreement unless the determination to so terminate the Executive’s employment is made by a resolution of the Board (excluding the Executive) following a meeting
convened upon not less than 10 days notice to the Executive and at which the Executive and his legal counsel, if any, shall have had a reasonable opportunity to be heard by the Board. 
 7.3 Termination by the Executive. The Executive may terminate his employment with or without Good Reason. For purposes of this
Agreement “Good Reason” means, without Executive’s written consent: (i) a material diminution of Executive’s duties and responsibilities, or the assignment of responsibilities that are materially inconsistent with his
position and responsibilities hereunder; (ii) a reduction of the Executive’s base salary, annual bonus or long-term compensation opportunity (it being understood that a reduction of the dollar amount of the Executive’s annual bonus
from year to year solely as a result of achievement or failure to achieve target performance objectives shall not constitute a reduction in Executive’s bonus opportunity) or of the benefits made available to Executive as described herein;
(iii) requiring Executive’s primary place of business to be located other than in south Florida (Broward, Dade or Palm Beach counties) or in the vicinity of Executive’s home residence address; (iv) a material breach by the
Company of any other provision of this Agreement, in each case that is not cured by the Company within 30 days after its receipt from the Executive of written notice setting forth in reasonable detail the circumstances giving rise to such Good
Reason. 
 7.4 Termination Procedures. Any termination of the Executive’s employment by the Company or by the
Executive shall be communicated to the other party by a notice of termination given in accordance with this Agreement. For purposes of this Agreement, a “notice of termination” means a written notice which (i) indicates the specific
termination provision in this Agreement relied upon; (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for the termination under such provision; (iii) subject to this
paragraph, specifies the date of termination (as defined below). For purposes of this Agreement, “date of termination” means (a) if the Executive’s employment is terminated other than for Cause or by reason of death or
disability, 90 days following the receipt of the notice of termination, and (b) if the Executive’s employment is terminated for Cause or by reason of death or disability, the date of death or the date of the Board’s determination of
Cause or of Executive’s disability, in accordance with this Agreement, provided that the Company may elect to pay the Executive (at the rate of his base salary then in effect) in lieu of part or all of such notice period preceding the date of
termination. 
 7.5 Effect of Termination. Effective as of any date of termination or, if earlier, as of any date
specified by the Company at or following the delivery of a notice of termination, the Executive shall resign, in writing, from all Board memberships and all other positions held by him with the Company and its affiliates. 
  

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 7.6 Obligations of the Company upon Termination. (a) General. If,
during the Employment Period, the Executive’s employment terminates for any reason, the Executive (or his estate, beneficiary or legal representative) shall be entitled to receive (i) any earned or accrued but unpaid base salary through
the date of termination (including with respect to accrued and unused vacation time), and (ii) all amounts payable and benefits accrued under any otherwise applicable plan, policy, program or practice of the Company (other than relating to
severance) in which Executive was a participant during his employment with the Company in accordance with the terms thereof (including, without limitation, amounts deferred under deferred compensation and similar plans, if any). 
 (b) Other than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Executive’s
employment, other than for Cause, death or disability, or if the Executive terminates his employment for Good Reason, the Company shall, subject to Executive’s continued full performance of his obligations set forth in Section 5 hereof, in
addition to the amounts payable under paragraph (a) above, pay to the Executive (or his estate, beneficiary or legal representative) in twelve equal monthly installments commencing on the first day of the month following the date of
termination, an amount equal to the Executive’s annual base salary then in effect. In addition, the Executive and the Executive’s eligible spouse, dependents and beneficiaries will continue to be eligible to participate in the
company’s health, medical, disability, life and other insurance plans (subject to Executive’s making required contributions to such plans) for a period of twelve months following the date of termination (or the Company will provide
equivalent benefits for such period), provided that all such continuing benefits shall cease upon the date on which Executive becomes eligible to receive comparable benefits from a subsequent employer. 
 8. Notice. Any notice required or permitted hereunder shall be in writing and shall be
deemed sufficient when given by hand or by nationally recognized overnight courier or by express, registered or certified mail, postage prepaid, return receipt requested, and addressed, (i) if to the Company, to DHB Industries, Inc., 2102 S.W.
2nd Street, Pompano Beach, FL 33069 Attn: Chief Executive Officer, with a copy delivered to the same address, Attn: General Counsel, and (ii) if to
Executive, to him at the address set forth in the initial paragraph hereof (or to such other addresses as may be provided by either party by notice). Notice shall be effective two (2) days after it is delivered by any overnight courier, upon
receipt if delivered by mail, or immediately if delivered by hand. 
 9. Miscellaneous. This Agreement constitutes the entire
agreement between the parties concerning the subjects hereof and supersedes any and all prior agreements, term sheets or understandings. This Agreement may not be assigned by Executive, and may not be assigned by the Company except in connection
with a sale of substantially all of the assets or stock of the Company and shall be binding upon, and inure to the benefit of, the Company’s successors and assigns. The Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had 

  

 8 

 
taken place. As used in this Agreement, “Company” shall mean the Company as defined herein and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. Headings herein are for convenience of reference only and shall not define, limit or interpret the contents hereof. 
 10. Amendment. This Agreement may be amended, modified or supplemented by the mutual consent of the parties in writing, but no oral amendment,
modification or supplement shall be effective. No waiver by either party of any breach by the other party of any condition or provision contained in this Agreement to be performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by Executive or an authorized officer of the Company, as the case may be. 
 11. Severability. The provisions of this Agreement are severable. The invalidity of any provision shall not affect the validity of any other
provision, and each provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 12. Resolution
of Disputes; Enforcement. Any controversy or claim seeking equitable relief pursuant to this Agreement, all controversies and claims arising under or in connection with this Agreement or relating to the interpretation, breach or enforcement
hereof and all other disputes between the parties in connection with the employment of the Executive shall be referred for arbitration to be held in Miami, Florida (or such other location as the Company and Executive shall agree) to a neutral
arbitrator selected by Executive and the Company, and this shall be the sole and exclusive manner in which to resolve such controversy or claim hereunder (other than for injunctive relief that may be required by either party) The arbitration shall
be conducted in accordance with the Employment Arbitration Rules (the “Rules”) of the American Arbitration Association (“AAA”) in effect at the time of the arbitration. If the parties are not able to agree upon a neutral
arbitrator, then an arbitrator shall be selected in accordance with the rules and procedures of the AAA. Each party hereto shall bear its own costs and expenses in connection with any proceeding hereunder, provided that the arbitrator shall be
entitled to award to the prevailing party reimbursement of its reasonable legal costs and expenses (including with respect to the arbitrator and the AAA). 
 13. Survivorship. The provisions of Sections 4, 5 and 6 of this Agreement shall survive Executive’s termination of employment. Other provisions of this Agreement shall survive any termination of
Executive’s employment to the extent necessary to the intended preservation of each party’s respective rights and obligations. 
 14. Withholding. All amounts required to be paid by the Company shall be subject to reduction in order to comply with applicable federal, state and local tax withholding requirements. 
 15. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature. 
  

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 16. Definition of Terms. The term “affiliate,” when used in this Agreement with
respect to any person, means any other person that, directly or indirectly, controls, is controlled by or is under common control with the first person. The term “person,” when used in this Agreement, means any natural person or
entity with legal status. 
 17. Governing Law. This Agreement shall be construed and regulated in all respects under the internal
laws of the State of Florida, without regard to principles of conflict of laws of such state. 
 18. Captions. All captions are
provided for convenience, do not form a part of this Agreement, and are not admissible for purposes of construction. 
 IN WITNESS WHEREOF,
this Agreement is entered into as of the date first written above. 
  

			
	DHB INDUSTRIES INC.
		
	By:	 	 
		 	Larry Ellis
		 	President/CEO
		
		 	 
		 	John C. Siemer

  

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