Document:

Exhibit 10.3

 

VOTING AGREEMENT

 

THIS VOTING AGREEMENT
(this "Agreement"), dated as of October 14, 2014, by and between MergeWorthRx Corp, a Delaware corporation ("Parent")
and FFC Partners II, L.P. and FFC Executive Partners II, L.P. (together, the "Stockholder").

 

WITNESSETH:

 

WHEREAS, concurrently
herewith, Parent, Anvil Merger Sub, Inc., a Delaware corporation ("Merger Sub"), AeroCare Holdings, Inc., a Delaware
corporation (the “Company”), and FFC AeroCare SR, LLC, a Delaware limited liability company, are entering into an Agreement
and Plan of Merger (as such agreement may hereafter be amended, restated, supplemented or modified from time to time, the "Merger
Agreement");

 

WHEREAS, the Stockholder
is the beneficial owner of 9,518,135 shares of Company Common Stock (collectively, the “Shares”);

 

WHEREAS, approval of
the Merger Agreement by the Company's stockholders is required in order to consummate the Merger;

 

WHEREAS, the board
of directors of the Company has, prior to the execution of this Agreement, by resolution duly adopted by unanimous vote at a meeting
duly called and held and at which all directors were present, which resolution has not subsequently been rescinded or modified
in any manner whatsoever, (i) determined that the Merger Agreement and the Merger are fair and in the best interests of the stockholders
of the Company, (ii) approved the Merger Agreement and the transactions contemplated thereby, including the Merger, and (iii) has
resolved to recommend that its stockholders approve the Merger Agreement and the Merger; and

 

WHEREAS, as an inducement
to Parent to enter into the Merger Agreement, the Stockholder desires to make certain covenants to Parent set forth in Sections
4.1(e) and 4.1(f) below.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual promises, representations, warranties, respective covenants and agreements of the
parties contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by each of the parties hereto, the parties hereto, intending to be legally bound hereby, agree as follows:

 

ARTICLE I

CERTAIN DEFINITIONS

 

Section 1.1    DEFINED
TERMS. Terms used in this Agreement and not otherwise defined herein shall have the respective meanings ascribed to such terms
in the Merger Agreement.

 

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ARTICLE II

VOTING AGREEMENT

 

Section 2.1 GRANT
OF PROXY AND POWER OF ATTORNEY; AGREEMENT TO VOTE. Upon the terms and subject to the conditions hereof, the Stockholder hereby
appoints Parent and any designee of Parent, and each of them individually, with respect to the Shares and any shares of Company
Common Stock acquired by the Stockholder after the date hereof, as its proxies and attorneys-in-fact, with full power of substitution
and re-substitution, to vote, at any meeting of the Company’s stockholders, or in connection with any written consent of
the Company’s stockholders, (i) in favor of the approval of the Merger Agreement and the Merger, (ii) against any
other proposal relating to an acquisition of the Company, other than the Merger and (iii) against any action, proposal, transaction
or agreement that could reasonably be expected to impede, interfere with, delay, discourage, adversely affect or inhibit the timely
consummation of the Merger or the fulfillment of Parent's, the Company's or Merger Sub's conditions under the Merger Agreement
or change in any manner the voting rights of any class of shares of the Company (including any amendments to the Company’s
certificate of incorporation or by-laws) (the “Proxy and Power of Attorney”). The Stockholder further agrees to cause
all Shares owned by such Stockholder, in addition to any shares of Company Common Stock acquired by Stockholder after the date
hereof, to be voted in accordance with the Proxy and Power of Attorney. This Proxy and Power of Attorney is coupled with an interest
and until this Agreement is terminated pursuant to Section 5.1 hereof is irrevocable. Upon the execution of this Agreement by the
Stockholder, the Stockholder hereby revokes any and all other proxies and powers of attorney (other than the Proxy and Power of
Attorney) given by such Stockholder with respect to the subject matter hereof. The Stockholder acknowledges receipt and review
of a copy of the Merger Agreement. The Stockholder agrees not to enter into any agreement or commitment with any Person, the effect
of which would be inconsistent with or violative of the provisions and agreements contained in this Article II, and the Stockholder
shall execute any documents or certificates evidencing the Proxy and Power of Attorney as Parent may reasonably request. The power
of attorney granted by Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or
incapacity of Stockholder.

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

 

Section 3.1     REPRESENTATIONS
AND WARRANTIES OF STOCKHOLDER. The Stockholder represents and warrants to Parent that (i) the Stockholder is the record and
direct or indirect beneficial owner of the Shares, (ii) the Stockholder is duly organized, validly existing and in good standing
under the laws of its jurisdiction of organization and has all requisite corporate power and authority to execute and deliver this
Agreement, (iii) this Agreement has been duly executed and delivered by the Stockholder, (iv) this Agreement constitutes
the valid and binding agreement of the Stockholder, enforceable against the Stockholder in accordance with its terms, except as
the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, and similar
laws relating to or affecting creditors' rights generally and general equitable principles (whether considered in a proceeding
in equity or at law), in each case now or hereafter in effect, (v) none of the execution and delivery of this Agreement by Stockholder,
the consummation by Stockholder of the transactions contemplated hereby or compliance by Stockholder with any of the provisions
hereof will conflict with or result in a breach, or constitute a default (with or without notice of lapse of time or both) under
any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument
or Legal Requirement applicable to Stockholder or to Stockholder's property or assets, and (vi) no consent, approval or authorization
of, or designation, declaration or filing with, any Governmental Body or other Person on the part of Stockholder is required in
connection with the valid execution and delivery of this Agreement.

 

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Section 3.2     REPRESENTATIONS
AND WARRANTIES OF PARENT. Parent represents and warrants to the Stockholder that (i) this Agreement has been duly executed
and delivered by a duly authorized officer of Parent, and (ii) this Agreement constitutes the valid and binding agreement of Parent,
enforceable against Parent in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium, and similar laws relating to or affecting creditors' rights generally and general
equitable principles (whether considered in a proceeding in equity or at law), in each case now or hereafter in effect.

 

ARTICLE IV

COVENANTS

 

Section 4.1     COVENANTS
OF THE STOCKHOLDER. The Stockholder covenants and agrees with Parent that, during the period commencing on the date hereof
and ending on the date this Agreement is terminated under Article V hereof:

 

(a)          The
Stockholder shall not sell, transfer, pledge, or dispose of any Shares or offer to make such a sale, transfer, pledge or disposition
(collectively, "Transfer") to any Person, provided that this Section 4.1(a) shall not prohibit a Transfer of Shares by
the Stockholder (i) if Stockholder is an individual, to any member of Stockholder’s immediate family or to a trust
for the benefit of Stockholder or any member of Stockholder’s immediate family, (ii) upon the death of Stockholder,
or (iii) if Stockholder is a partnership or limited liability company, to one or more partners or members of Stockholder or
to an affiliated corporation under common control with Stockholder; provided that a Transfer referred to in Subsections 4.1(a)(i)-(iii)
shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in
form and substance to Parent, to be bound by the terms of this Agreement.

 

(b)          The
Stockholder waives, and agrees not to exercise or assert, any applicable appraisal rights under Section 262 of the Delaware General
Corporation Law in connection with the Merger.

 

(c)          Stockholder
will not, and will not permit any entity under Stockholder's control to, deposit any of the Shares in a voting trust, grant any
proxies with respect to the Shares or subject any of the Shares to any arrangement with respect to the voting of the Shares other
than agreements entered into with Parent.

 

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(d)          The
Stockholder shall execute and deliver such other documents and instruments and take such further actions as are necessary in order
to ensure that Parent receives the benefit of this Agreement.

 

(e)          Until
the earlier of the Effective Time or such time as the Merger Agreement is terminated pursuant to the terms thereof, Stockholder
will not, directly or indirectly, and shall cause its Affiliates to not: (i) solicit, initiate, or encourage the submission of
any proposal or offer from any Person relating to the acquisition of any capital stock or other voting securities, or any substantial
portion of the assets, of the Company or any of its Subsidiaries (including any acquisition structured as a merger, consolidation,
or share exchange) or (ii) participate in any discussions or negotiations regarding, furnish any information with respect to, assist
or participate in, or facilitate in any other manner any effort or attempt by any Person to do or seek any of the foregoing. Stockholder
will notify Parent promptly if any Person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing.

 

(f)          Stockholder
acknowledges and agrees that Parent is a blank check company with the power and privileges to effect a merger, asset acquisition,
reorganization or similar business combination involving the Company and one or more businesses or assets. Stockholder acknowledges
and agrees that Parent’s sole assets consist of the cash proceeds of Parent’s initial public offering and private placements
of its securities, and that substantially all of these proceeds have been deposited in the Trust Account for the benefit of its
public shareholders. For and in consideration of Parent and Merger Sub entering into the Merger Agreement, the receipt and sufficiency
of which are hereby acknowledged, Stockholder, on behalf of himself or itself and any of its managers, directors, officers, affiliates,
members, stockholders or trustees (if applicable), hereby irrevocably waives any right, title, interest or claim of any kind he
or it has or may have in the future in or to any monies in the Trust Account, and agrees not to seek recourse against the Trust
Account or any funds distributed therefrom as a result of, or arising out of, any such claims against Parent or Merger Sub arising
under the Merger Agreement.

 

ARTICLE V

TERMINATION

 

Section 5.1     TERMINATION.
This Agreement shall terminate and be of no further force or effect upon the earliest to occur of (i) the mutual written consent
of Parent and the Stockholder, (ii) the Effective Time, or (iii) the termination of the Merger Agreement in accordance with its
terms. In the event that this Agreement is terminated upon the termination of the Merger Agreement in accordance with its terms,
the waiver set forth in Section 4.1(f) shall survive such termination of this Agreement and remain in full force and effect.

 

Section 5.2     EFFECT
OF TERMINATION. In the event of any termination of this Agreement, this Agreement (other than Sections 6.1 through 6.9, inclusive)
shall become void and of no effect with no liability on the part of any party hereto; provided that no such termination shall relieve
any party hereto from liability for any breach of this Agreement prior to such termination.

 

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ARTICLE VI

GENERAL

 

Section 6.1     NOTICES.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed to have been
duly given to a party if delivered in person or sent by overnight delivery (providing proof of delivery) to the party at the following
addresses (or at such other address for a party as shall be specified by like notice) on the date of delivery, or if by facsimile,
upon confirmation of receipt:

 

	If to Parent:	MergeWorthRx Corp.
	 	3123 McDonald Street
	 	Miami, FL 33133
	 	Attention: Charles F. Fistel and Stephen B. Cichy
	 	Facsimile: [•]
	 	Email: medworth1@gmail.com and scichy@monarchsp.com

 

	With a copy	McDermott Will & Emery LLP
	(which shall not	340 Madison Ave.
	constitute notice) to:	New York, NY 10173
	 	Attention:  Robert H. Cohen
	 	Telephone:  212-547-5885
	 	Facsimile:  212-547-5444

 

	If to the Stockholder:	FFC Executive Partners II, L.P.
	 	__________________________
	 	__________________________
	 	__________________________
	 	__________________________

 

	With a copy	Goodwin Procter LLP
	(which shall not	620 Eighth Ave.
	constitute notice) to:	New York, NY 10018
	 	Attention:  Stuart Rosenthal
	 	Telephone:  212-813-8817
	 	Facsimile:  212-355-3333

 

Section 6.2     NO
THIRD-PARTY BENEFICIARIES. Nothing in this Agreement, whether express or implied, is intended to or shall confer any rights,
benefits or remedies under or by reason of this Agreement on any Persons other than the parties and their respective successors
and permitted assigns, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third
Persons to any party, nor shall any provisions give any third Persons any right or subrogation over or action against any party.

 

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Section 6.3      GOVERNING
LAW. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without
giving effect to the conflicts of law provisions thereof. Each of the parties hereto irrevocably and unconditionally agrees to
be subject to, and hereby consents and submits to, the jurisdiction of federal and state courts in the State of Delaware for the
purposes of any suit, action or other proceeding arising out of this Agreement or any of the transactions contemplated hereby.
Each party waives any right to a trial by jury in any action to enforce or defend any right under this Agreement or any amendment,
instrument, document or agreement delivered, or which in the future may be delivered, in connection with this Agreement and agrees
that any action shall be tried before a court and not before a jury.

 

Section 6.4     ASSIGNMENT;
SUCCESSORS. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and their respective
successors and permitted assigns. No party to this Agreement may assign its rights or delegate its obligations under this Agreement,
whether by operation of law or otherwise, to any other Person without the express prior written consent of the other party hereto.
Any such assignment or transfer made without the prior written consent of the other party hereto shall be null and void.

 

Section 6.5     AMENDMENTS;
WAIVERS. Subject to applicable law, this Agreement may only be amended pursuant to a written agreement executed by all the
parties, and no waiver of compliance with any provision or condition of this Agreement and no consent provided for in this Agreement
shall be effective unless evidenced by a written instrument executed by the party against whom such waiver or consent is to be
effective. No waiver of any term or provision of this Agreement shall be construed as a further or continuing waiver of such term
or provision or any other term or provision.

 

Section 6.6     ENTIRE
AGREEMENT. This Agreement constitutes the entire agreement of all the parties and supersedes any and all prior and contemporaneous
agreements, memoranda, arrangements and understandings, both written and oral, between the parties, or either of them, with respect
to the subject matter hereof. No representation, warranty, promise, inducement or statement of intention has been made by any party
which is not contained in this Agreement and no party shall be bound by, or be liable for, any alleged representation, promise,
inducement or statement of intention not contained herein or therein.

 

Section 6.7     COUNTERPARTS.
To facilitate execution, this Agreement may be executed in any number of counterparts (including by facsimile transmission), each
of which shall be deemed to be an original, but all of which together shall constitute one binding agreement on the parties, notwithstanding
that not all parties are signatories to the same counterpart.

 

Section 6.8     SPECIFIC
PERFORMANCE. The parties agree that irreparable damage would occur in the event any of the provisions of this Agreement were
not performed in accordance with the terms hereof and that the parties are entitled to specific performance of the terms hereof
in addition to any other remedies at law or in equity.

 

Section 6.9     HEADINGS;
CONSTRUCTION. The Article, Section and paragraph headings contained in this Agreement are for reference purposes only and do
not form a part of this Agreement and do not in any way modify, interpret or construe the intentions of the parties. As used in
this Agreement, unless otherwise provided to the contrary, (a) all references to days or months shall be deemed references to calendar
days or months and (b) any reference to a “Section” or “Article” shall be deemed to refer to a section
or article of this Agreement. The words “hereof,” “herein” and “hereunder” and words of similar
import referring to this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Whenever
the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed
to be followed by the words “without limitation.” Unless otherwise specifically provided for herein, the term “or”
shall not be deemed to be exclusive.

 

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blank.]

 

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IN WITNESS WHEREOF,
the parties have duly executed this Voting Agreement as of the date first above written.

 

	 	MERGEWORTHRX CORP.
	 	 	 
	 	By:	Charles Fistel
	 	 	Name: Charles Fistel
	 	 	Title: Chief Executive Officer, Chief Financial 

Officer and Treasurer

  

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties have duly executed this Voting Agreement as of the date first above written.

 

	 	FFC PARTNERS II, L.P.
	 	 	 
	 	By:	/s/ Theodore B. Lundberg
	 	 	Name: Theodore B. Lundberg
	 	 	Title: Authorized Member
	 	 	 
	 	FFC EXECUTIVE PARTNERS II, L.P.
	 	 	 
	 	By:	/s/ Theodore B. Lundberg
	 	 	Name: Theodore B. Lundberg
	 	 	Title: Authorized RepresentativeExhibit 10.4

 

October 14, 2014

 

AeroCare Holdings, Inc.

3325 Bartlett Boulevard

Orlando, FL 32811

Attn: Stephen P. Griggs

 

		Re:	MergeWorthRx Corp. Reimbursement Guaranty

 

Ladies and Gentlemen:

 

Reference is made herein
to that certain Agreement and Plan of Merger and Reorganization dated as of the date hereof (the “Merger Agreement”),
by and among MergeWorthRx Corp., a Delaware corporation (“Parent”), Anvil Merger Sub, Inc., a Delaware corporation,
AeroCare Holdings, Inc., a Delaware corporation (the “Company”), and FFC AeroCare SR, LLC, a Delaware limited
liability company, in its capacity as Stockholders’ Agent. Each capitalized term used, but not otherwise defined, herein
has the respective meaning assigned to such term in the Merger Agreement.

 

1.          Pursuant
to Section 11.3 of the Merger Agreement, in the event that (a) the Merger is not consummated prior to the date the Merger
Agreement is terminated pursuant to Section 9 thereof, and (b) Article Fifth of Parent’s amended and restated certificate
of incorporation was not duly amended to change the Termination Date (as defined therein) from December 26, 2014 to February 26,
2015 or such earlier date as Parent and the Company may mutually determine, for whatever reason (including due to Parent’s
failure to solicit its stockholders to approve such amendment), then the Parent is required to reimburse the Company for all expenses
it incurs related to the PCAOB compliant re-audit of the Company by BDO LLP, up to $250,000 (the “Reimbursement Obligation”);
provided that no such Reimbursement Obligation shall be owed by Parent to the Company in the event that the Company materially
breaches its obligations under Section 4.11 of the Merger Agreement. It is acknowledged and agreed that the Company would
not have entered into the Merger Agreement unless all of the undersigned guarantors of the Reimbursement Obligation (each, a “Guarantor,”
and collectively, the “Guarantors”) entered into this agreement with the Company (the “Guaranty”).

 

2.          To
induce the Company to enter into the Merger Agreement, each of the Guarantors, on a several but not joint basis for up to one-third
of the Reimbursement Obligation, hereby absolutely, irrevocably and unconditionally guarantees the due, punctual and complete payment
to the Company of Parent’s payment obligation with respect to the Reimbursement Obligation under Section 11.3 of the
Merger Agreement if, as and when such payment obligation becomes due and payable under the Merger Agreement (such guaranteed payment
obligation being referred to herein as the “Guaranteed Obligation”). All payments hereunder will be made in
U.S. dollars by wire transfer of immediately available funds. Each of the Guarantors promises and undertakes to make all payments
hereunder free and clear of any deduction, offset, defense, claim or counterclaim of any kind. If the Guarantors are in breach
of their payment obligation with respect to the Guaranteed Obligation, then the Guarantors shall also pay to the Company all reasonable
costs and expenses (including reasonable legal fees and expenses) incurred by the Company in connection with the enforcement of
this Guaranty.

 

    	 

    	 

    

 

3.          In
furtherance of the foregoing, the Company may, in its sole discretion, bring and prosecute an action against any or all of the
Guarantors for the full amount of the unpaid Guaranteed Obligation without bringing any action against Parent or joining Parent
to such action. The Company shall not be obligated to file any claim relating to the Guaranteed Obligation in the event that Parent
becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Company to so file shall not affect
the Guarantors’ obligations hereunder. This Guaranty is one of payment, not collection.

 

4.          The
Guarantors’ liability hereunder is absolute and unconditional, irrespective of: (i) any lack of validity or enforceability
of the Merger Agreement or of any other agreement or instrument referred to therein if the lack of validity or unenforceability
results from or arises out of any action or inaction on the part of Parent or Merger Sub or is owing to any lack of corporate power
or authority of Parent or Merger Sub; or (ii) any amendment, modification or waiver of any term of the Merger Agreement that is
agreed to by Parent and Merger Sub in accordance with the terms of the Merger Agreement.

 

5.          The
Guarantors hereby agree that, subject to Section 8 hereof, its obligations hereunder shall not be released or discharged
in whole or in part, and shall be absolute and unconditional, to the fullest extent permitted by law, or otherwise affected by:
(i) any failure or delay on the part of the Company to assert any claim or demand or to enforce any right or remedy against Parent,
Merger Sub; (ii) any rescission, waiver, compromise, consolidations or other amendment or modification of any of the terms or provisions
of the Merger Agreement; (iii) any change in the corporate existence, structure or ownership of the Parent or Merger Sub; (iv)
any insolvency, bankruptcy, reorganization or other similar proceeding instituted by or against the Guarantors, Parent or Merger
Sub; (v) the existence of any claim, set-off or other right which any of the Guarantors may have at any time against Parent, Merger
Sub or the Company; or (vi) any other defense that might operate as a legal or equitable discharge of a guarantor or surety. To
the fullest extent permitted by law, each of the Guarantors hereby expressly waives any and all rights or defenses arising by reason
of any law which would otherwise require any election of remedies by the Company.

 

6.          The
Guarantors hereby acknowledges that they will receive substantial direct and indirect benefits from the transactions contemplated
by the Merger Agreement and that the waivers set forth in this Guaranty are knowingly made in contemplation of such benefits. The
Guaranteed Obligation shall be conclusively presumed to have been created in reliance hereon.

 

7.          The
Guarantors hereby covenant and agree that they shall not institute any proceeding or bring any other claim asserting that this
Guaranty is illegal, invalid or unenforceable in accordance with its terms.

 

    	 

    	 

    

 

8.          This
Guaranty is a continuing one and may not be revoked or terminated and shall remain in full force and effect until the indefeasible
payment and satisfaction in full of the Guaranteed Obligation, and shall be binding upon and inure to the benefit of the Company,
the Guarantors, and their respective successors and permitted assigns; provided, that the Guarantor’ obligations hereunder
shall automatically terminate upon the earlier of (i) the consummation of the Merger, or (ii) the valid termination of the Merger
Agreement in accordance with its terms by mutual consent of the parties to the Merger Agreement or under circumstances in which
Parent would not be obligated to make any payment of the Reimbursement Obligation.

 

9.          This
Guaranty (i) shall be governed by the law of the State of New York, without giving effect to the conflict of laws provisions thereof,
(ii) shall be binding upon the parties and their respective successors and assigns, and (iii) may be signed in multiple counterparts
and delivered by facsimile or other electronic transmission, each of which shall be deemed an original and all of which together
shall constitute one and the same instrument. If this letter becomes the subject of a dispute, each of the parties hereto hereby
waives trial by jury. This letter may be amended, modified or waived only in a writing signed by each of the parties hereto.

 

[Signature Page to
Follow]

 

 

    	 

    	 

    

 

In order to acknowledge
such agreement, please sign this letter below and return the same to us.

 

	 	Very truly yours,
	 	 
	 	AEROCARE HOLDINGS, INC.
	 	 	 
	 	By:	/s/ Stephen P. Griggs
	 	Name: Stephen P. Griggs
	 	Title: Chief Executive Officer and President

 

	GUARANTORS:	 
	 	 
	Accepted and agreed to this 14th day of October, 2014	 
	 	 
	/s/ Stephen B. Cichy	 
	Stephen B. Cichy	 
	 	 
	/s/ Charles F. Fistel	 
	Charles F. Fistel	 
	 	 
	/s/ Anthony Minnuto	 
	Anthony Minnuto	 

 

	 	Sponsor Guaranty

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