Document:

Exhibit 10.22
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OSI SYSTEMS, INC
NONQUALIFIED DEFINED BENEFIT PLAN
Second Amendment to
Amended and Restated Retirement Benefit Award Agreement
THIS SECOND AMENDMENT (“Second Amendment”) is made effective as of August 19, 2020, by and between OSI Systems, Inc. (the “Company”), and Deepak Chopra (the “Eligible Employee”) to the Amended and Restated Retirement Benefit Award Agreement, made effective December 31, 2017 (the “Award Agreement”).
WHEREAS, the Company has adopted the OSI Systems, Inc. Nonqualified Defined Benefit Plan, as amended effective January 1, 2012 (the “Plan”) and designated the Eligible Employee as a Participant in the Plan pursuant to the Award Agreement;
WHEREAS, the Company previously adopted the First Amendment to the Award Agreement, effective June 19, 2020 (the “First Amendment”).
WHEREAS, the Company now desires to again increase the Eligible Employee’s Retirement Benefit and specify the form of payout for the new benefit amount without changing the timing of the existing benefit payments, in compliance with all requirements of Section 409A of the Internal Revenue Code (the “Code”);
NOW, THEREFORE, the parties hereto agree as follows:
1.        Second Additional Retirement Benefit.  Section 3 of the Award Agreement is hereby amended to add the following new sentence to the end of the first paragraph of that section:
Notwithstanding the foregoing, effective August 19, 2020, in addition to the original Retirement Benefit and additional Retirement Benefit specified above, the Eligible Employee shall be entitled to a second additional Retirement Benefit of One Million, Five Hundred Thousand Dollars ($1,500,000), (adjusted as specified herein for CPI increases commencing in calendar year 2021), payable in quarterly installments of Seventy-Five Thousand Dollars ($75,000), plus CPI adjustments, on the first day of each calendar quarter commencing for this additional amount July 1, 2025 and continuing for a period of five calendar years ending April 1, 2030.  All such additional Retirement Benefit payments shall be fully vested on August 19, 2020 and, as of such date, all references to “Retirement Benefit” as used in the Plan and this Award Agreement (including amounts payable by reason of death or Disability under Sections 5 or 6 below) shall include this second additional benefit, except as provided in Section 7 as amended below.
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2.        Change in Control.  Section 7 of the Award Agreement is hereby amended to replace the new final sentence added by the First Amendment with the following:
Notwithstanding the foregoing, in the event of a Change in Control, whether before or after the Eligible Employee’s Separation from Service, the present value of all remaining payments with respect to each of the additional Retirement Benefits added by the First Amendment and this Second Amendment shall be paid in the form of a single lump sum within ninety (90) days following the Change in Control, subject to compliance with all requirements of Code Section 409A.
3.        Confirmation of Existing Benefit.  Except as amended herein, all other provisions of the Plan, the Award Agreement and the First Amendment shall remain in full force and effect and shall apply to the additional Retirement Benefit provided by this Second Amendment.
IN WHITENESS WHEREOF, the parties hereto have executed this Second Amendment to the Amended and Restated Award Agreement effective August 19, 2020.
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	OSI SYSTEMS, INC.

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	By:
	/s/ Alan Edrick

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	Alan Edrick,

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	Executive Vice President and Chief Financial Officer

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	ELIGIBLE EMPLOYEE

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	/s/ Deepak Chopra

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	Deepak Chopra

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2EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FIRST
AMENDMENT 
 TO 

STALKING HORSE AGREEMENT 

This First Amendment to Stalking Horse Agreement (this “Amendment”), is made and entered into as of August 14, 2020 by and
among GNC Holdings, Inc., a Delaware corporation (the “Seller”), on behalf of itself and the other Selling Entities, and Harbin Pharmaceutical Group Holding Co., Ltd., a corporation incorporated in the People’s Republic of
China (the “Buyer”, together with the Seller and the other Selling Entities, the “Parties” and each, a “Party”), and amends the Stalking Horse Agreement, dated as of August 7, 2020 (the
“Agreement”), by and among the Selling Entities and the Buyer. Capitalized terms used herein and not otherwise defined herein have the meanings ascribed to such terms in the Agreement. 

WHEREAS, the Parties, in accordance with Section 10.1 of the Agreement, wish to amend the 

Agreement as set forth in this Amendment. 

NOW, THEREFORE, for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows: 
  

	1.	 Amendment to Section 1.1. Section 1.1 of the Agreement is
hereby amended by adding the following definition: 

 “Bidding Protections Order” means the Bankruptcy
Court’s Order Approving (I) The Debtors’ Entry into Stalking Horse Agreement and Related Bid Protections and (II) Granting Related Relief. 

 

	2.	 Amendment to Section 7.14(a). Section 7.14(a) of the
Agreement is hereby amended by (x) adding the double-underlined bolded text (indicated textually in the same manner as the following example: double-underlined bolded text) and
(y) deleting the bolded text with strikethrough (indicated textually in the same manner as the following example: bolded text with strikethrough), as follows: 

(a)     If (i) (x) an Auction takes place and the Buyer is not identified as the Successful Bidder, (y) at the
time the Successful Bidder is identified, the Buyer is not in material breach of this Agreement such that the conditions in Section 8.3(a) and
Section 8.3(b) would not then be satisfied, and (z) a sale of all or substantially all of the Purchased Assets to a Person (a
“Third-Party”) other than GNC Newco, the Buyer or an Affiliate of the Buyer (a “Third-Party
Sale”) is consummated or (ii) a stand-alone Chapter 11 plan of reorganization, including the Restructuring, under which the Selling Entities’ secured lenders receive a material portion of the equity and/or debt in
the reorganized Seller (a “Restructuring Transaction”) is consummated, then, in each case,
the Buyer will be entitled to receive, without further order of the Bankruptcy Court or the Canadian Court, from the proceeds of such Third-Party Sale, (A) an amount in cash equal to $22,800,000 (the
“Termination Fee”) plus (B) the amount of the Buyer’s reasonable documented out-of-pocket expenses (including
expenses of outside counsel, accountants and financial advisers) incurred in connection with the Buyer’s evaluation, consideration and negotiation of a possible transaction with the Seller and in connection with the transactions contemplated
hereby, up to a maximum amount of $3 million (the “Expense Reimbursement” and together with the Termination Fee, the
“Termination Payment”); provided, that the Termination Payment shall not be payable to the Buyer in the event a
Restructuring Transaction is consummated following the termination of this Agreement (I) by the Seller pursuant to Section 9.1(f),
Section 9.1(i) or Section 9.1(k), (II) by the

 
Seller or Buyer pursuant to Section 9.1(a), or
Section 9.1(j), or Section 9.1(l), (III) pursuant to any other provision of Section 9.1 at a time
when the Seller would have been permitted to terminate this Agreement pursuant to Section 9.1(f), Section 9.1(i) or Section 9.1(k) or (IV) by the Seller at a time
when the Deposit shall have become payable to Seller as a result of a Buyer Default Termination; provided, further, that in no event shall Buyer be entitled to receive Expense Reimbursement on more than one occasion, and to the extent
Buyer shall have received any Expense Reimbursement pursuant to Section 7.14(b) prior to the payment of any Termination Payment pursuant to this Section 7.14(a), such Termination Payment shall be
reduced by the amount of Expense Reimbursement previously paid. 
  

	3.	 Amendment to Section 9.1. Section 9.1 of the Agreement is
hereby amended by adding a new Section 9.1(l) immediately after Section 9.1(k) and before the proviso at the end of Section 9.1, as follows: 

(l)     the Buyer or the Seller, if (i) the Bidding Protections Order has not been entered by the Bankruptcy Court by
August 20, 2020 or (ii) following the entry of the Bidding Protections Order, the Bidding Protections Order ceases to be in full force and effect, or is revoked, rescinded, vacated, reversed or stayed, or otherwise rendered ineffective by a
court of competent jurisdiction; 
  

	4.	 Effect of Amendment. Expect as expressly amended by the foregoing, all of the terms and
conditions of the Agreement shall remain unchanged and in full force and effect. Whenever the Agreement is referred to in the Agreement or in any other agreements, documents and instruments, such reference shall be deemed to be to the Agreement as
amended by this Amendment. Notwithstanding the foregoing, references to the date of the Agreement, and references to “the date hereof” and “the date of this Agreement” or words of like import shall continue to refer to August 7,
2020. 

  

	5.	 Counterparts. This Amendment may be executed by facsimile or other electronic signature
(including portable document format) and in one or more counterparts, and by the different Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the
same agreement, and which shall become effective when one or more counterparts have been signed by each of the Parties and delivered (by facsimile, electronic mail or otherwise) to the other Parties. 

 

	6.	 Miscellaneous. The terms set forth in each of Section 10.1
(Amendment and Modification), Section 10.3 (Notices), Section 10.4 (Assignment), Section 10.5 (Severability), Section 10.6
(Governing Law), Section 10.9 (Submission to Jurisdiction; WAIVER OF JURY TRIAL), Section 10.12 (Entire Agreement), Section 10.13
(Remedies) and Section 10.17 (Mutual Drafting) of the Agreement are incorporated herein by reference mutatis mutandis as if set forth herein. 

[Signature pages follows] 

 IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to the Stalking
Horse Agreement to be executed as of the date first written above. 
  

			
	GNC HOLDINGS, INC., on behalf of itself and the other Selling Entities
		
	By:	 	 /s/ Tricia K. Tolivar

	Name:	 	Tricia K. Tolivar
	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page to First Amendment to Stalking Horse Agreement] 

 
			
	HARBIN PHARMACEUTICAL GROUP HOLDING CO, LTD.
		
	By:	 	 /s/ Yong Kai Wong

	Name:	 	Yong Kai Wong
	Title:	 	General Manager

 [Signature Page to First Amendment to Stalking Horse Agreement]

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