Document:

Certificate of Designation of Series A Preferred Stock

 Exhibit 4.6 
 CERTIFICATE OF DESIGNATION 
 OF 

SERIES A PREFERRED STOCK 
 OF 
 EMPEIRIA ACQUISITION CORP. 

To Be Designated 
 Series A Preferred Stock 
  

 
 Pursuant to
Section 151(g) of the 
 General Corporation Law of the State of Delaware 

 
  

The undersigned DOES HEREBY CERTIFY that the following resolution was duly adopted by the Board of Directors (the “Board of
Directors”) of Empeiria Acquisition Corp., a Delaware corporation (the “Corporation”), at a meeting duly convened and held, at which a quorum was present and acting throughout. Capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in Paragraph 7. 
 RESOLVED, that pursuant to the authority
conferred on the Board of Directors by the Corporation’s Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), the issuance of a series of preferred stock, par value $0.0001 per share,
of the Corporation which shall consist of 25,000 shares of Series A Preferred Stock be, and the same hereby is, authorized; and that each Authorized Officer of the Corporation be, and hereby is, authorized and directed to execute and file with the
Secretary of State of the State of Delaware a Certificate of Designation of Series A Preferred Stock of the Corporation fixing the designations, powers, preferences and rights of the shares of such series, and the qualifications, limitations or
restrictions thereof (in addition to the designations, powers, preferences and rights, and the qualifications, limitations or restrictions thereof, set forth in the Certificate of Incorporation which may be applicable to the Corporation’s
preferred stock), as follows: 
 1. DESIGNATION AND AMOUNT. A total of 25,000 shares of preferred stock, par value
$0.0001 per share, of the Corporation are hereby designated as Series A Preferred Stock (the “Preferred Stock”). 
 2. DIVIDENDS. The holders of Preferred Stock shall be entitled to receive, in preference to all of the Corporation’s common stock, par value $0.0001 per share (the “Common
Stock”), issued previously or hereafter, a 16% per annum dividend that is cumulative and payable in kind per share in such number of shares of Preferred Stock determined using a per share price of $100 per share (adjusted appropriately
for stock splits, stock dividends, recapitalizations, consolidations, mergers, reclassifications and the like with respect to the Preferred Stock) calculated on actual number of days elapsed in a year of 365 days payable when and as declared. In
lieu of the issuance of a fractional share of Preferred Stock as a dividend, the Corporation shall issue a whole share of Preferred Stock (rounded to the nearest whole share). Such dividends will be cumulative and compound on a quarterly basis to
the extent not paid for any reason. Dividends will accrue and be cumulative from the date that the Preferred Stock is 

 
issued under this Certificate of Designation, whether or not the Corporation has earnings or profits, whether or not there are funds legally available for the payment of such dividends and
whether or not such dividends are declared or paid. Quarterly dividends will be paid on the last business day of the fiscal quarter (the “Payment Date”). Dividends paid in an amount less than the total amount of such accrued
dividends at the time shall be allocated pro rata on a share-by-share basis among all shares of Preferred Stock at the time outstanding. The record date for determination of the holders of Preferred Stock entitled to receive payment of a dividend
thereon shall be fifteen (15) days before the Payment Date. In addition, if and when any dividend is declared by the Board of Directors with respect to the Corporation’s common stock, the Board of Directors shall also declare them same
dividend on each share of the Preferred Stock then outstanding. 
 3. LIQUIDATION. 

(a) Payments to Holders of Preferred Stock. If there is a Liquidation Event, then the holders of shares of Preferred Stock then
outstanding shall be entitled to be paid out of the assets of the Corporation available for distribution to its stockholders an amount per share of Preferred Stock equal to the Liquidation Preference before any payment shall be made to the holders
of Common Stock by reason of their ownership thereof. Immediately before a Liquidation Event, to the extent that funds of the Corporation are legally available for the payment of dividends with respect to the Preferred Stock, the Corporation will
declare for payment all accrued and unpaid dividends with respect to the Preferred Stock in accordance with the amounts that would be payable on such shares of Preferred Stock if all amounts payable thereon were paid in full. If, upon any such
Liquidation Event, the assets of the Corporation available for distribution to its stockholders shall be insufficient to pay the holders of shares of Preferred Stock the full amount to which they are entitled under this Section 3(a), then the
holders of shares of Preferred Stock shall share ratably in any distribution of the assets available for distribution in proportion to the number of shares of Preferred Stock held by each holder. After payment in full, the holders of the Preferred
Stock will not be entitled to any further participation in any distribution of assets by the Corporation. 
 (b) Payments to
Holders of Common Stock. If there is a voluntary or involuntary liquidation, dissolution or winding up of the Corporation, after the payment of all preferential amounts required to be paid to the holders of shares of Preferred Stock, the
remaining assets of the Corporation available for distribution to its stockholders shall be distributed among the holders of shares of Common Stock, pro rata based on the number of shares of Common Stock held by each such holder. 

4. VOTING. The holders of the Preferred Stock shall be entitled to notice of all stockholder meetings at which holders of Common
Stock shall be entitled to vote; provided that notwithstanding any such notice, except as required by applicable law, the holders of Preferred Stock shall not be entitled to vote on any matter presented to the stockholders of the Corporation for
their action or consideration. 

  
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 5. REDEEMED OR OTHERWISE ACQUIRED SHARES.  

(a) The Preferred Stock will be redeemable at the option of the Corporation at any time on fifteen (15) days’ notice, at any
time after the first anniversary of the date on which all indebtedness for borrowed money of the Corporation is repaid in full, at a redemption price per share equal to $100, plus all accrued and unpaid dividends per share to the date of redemption,
subject to compliance with any restrictions in the Corporation’s then-outstanding indebtedness (the “Preferred Redemption Payments”). The Preferred Stock will be subject to mandatory redemption on the date which is 181 days
following the latest maturity date of any indebtedness of the Corporation outstanding on the close of business on December 14, 2012 (including any indebtedness incurred on December 14, 2012). 

(b) From and after the date of redemption (the “Preferred Redemption Date”), all rights of the holders of Preferred
Stock will cease and dividends will cease to accrue (except to the extent that the Corporation has failed to pay the Preferred Redemption Payments in full to a holder of Preferred Stock). 

(c) Any shares of Preferred Stock which are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be
automatically and immediately cancelled and retired and shall not be reissued, sold or transferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Preferred Stock following
redemption. 
 6. MISCELLANEOUS. Any provision in this Certificate of Designation (including, but not limited to, any
notice requirements) may be waived, in whole or in part, amended or otherwise modified by the prior vote or written consent of holders representing at least a majority of the then-outstanding shares of Series A Preferred Stock, voting together as a
separate class. 
 7. DEFINITIONS. For the purposes of this Certificate of Designation, the following terms, and
variations thereon, will have the meanings ascribed to them below: 
 “Affiliate” means, with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Authorized Officer” means the Chairman of the Board of Directors, Chief Executive Officer, Chief Operating Officer,
Chief Financial Officer, President, Secretary, Treasurer or any person authorized by the board of directors. 
 “Change
in Control” means (A) a transaction or a series of related transactions pursuant to which a Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (1) acquires (whether by merger,
consolidation, reorganization or transfer or issuance of capital stock) capital stock of the Corporation (or any surviving or resulting corporation) possessing voting control of the Corporation or the voting power to elect a majority of the Board
(or such surviving or resulting corporation), or (2) acquires all or substantially all of the assets of the Corporation and its subsidiaries determined on a consolidated basis, or (B) the stockholders of the Corporation approve a plan of
complete liquidation or dissolution of the Corporation. 

  
 - 3 -

 “Control” (including the terms “Controlled by” and “under
common Control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies or affairs of a Person, whether through ownership of voting securities, by contract or otherwise, as
executor, trustee or otherwise. 
 “Liquidation Event” means a Change in Control, or any voluntary or
involuntary liquidation, dissolution or winding up of the affairs of the Corporation. 
 “Liquidation
Preference” means, for each share of Preferred Stock, the sum of (i) all accrued and unpaid dividends to the date of the Liquidation Event and (ii) $100. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, governmental authority or other entity. 

[Signature on Following Page] 

  
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 IN WITNESS WHEREOF, the Corporation has caused this Certificate of
Designation to be signed by its Authorized Officer, this
14th day of December 2012. 

 

			
	EMPEIRIA ACQUISITION CORP.
		
	By:	 	/s/ Alan B. Menkes
		 	Name: Alan B. Menkes
		 	Title: Authorized Officer

  
 - 5 -Lock-up Agreement between EAC and IDE Stockholders

 Exhibit 10.15 
 Lock-up Agreement 
 December 14, 2012 

Empeiria Acquisition Corporation 
 142 W. 57th
Street, 11th Floor 

New York, NY 10019 
  

	RE:	Acquisition of Integrated Drilling Equipment Company  

 Holdings Inc. (“IDE”) by Empeiria Acquisition Corp. (the “Company”) 
 Ladies & Gentlemen: 
 The undersigned (the “Holder”) is delivering this
lock-up letter agreement to you in connection with, and as a condition to, the closing of the transactions contemplated by the Agreement and Plan of Merger, dated October 19, 2012 (as amended from time to time, the “Merger
Agreement”), by and among EAC, IDE Acquisition Co., LLC, a Delaware limited liability company (“Merger Sub”), IDE, and Stephen Cope, as Representative (as defined therein) (such transactions, the
“Transactions”). In connection with the Transactions, the undersigned will receives shares of common stock, par value $.0001 per share, of the Company (“Shares”). Annex A sets forth definitions for
capitalized terms used in this letter agreement that are not defined in the body of this letter agreement. Those definitions are a part of this letter agreement. 
 In consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees that, during the Lock-up
Period, the undersigned will not (and will cause any Family Member not to), without the prior written consent of the Company, which may withhold its consent in its sole discretion: 

 

	 	•	 	 Sell or Offer to Sell any Shares or Related Securities currently or hereafter owned either of record or beneficially (as defined in Rule 13d-3 under
the Exchange Act) by the undersigned or such Family Member, 

  

	 	•	 	 enter into any Swap, 

  

	 	•	 	 make any demand for, or exercise any right with respect to, the registration under the Securities Act of the offer and sale of any Shares or Related
Securities, or cause to be filed a registration statement, prospectus or prospectus supplement (or an amendment or supplement thereto) with respect to any such registration, or 

 

	 	•	 	 publicly announce any intention to do any of the foregoing. 

 The foregoing will not apply to any registration permitted pursuant to the Registration Rights Agreement, dated the date hereof, by and between the Company and the undersigned (provided, that, for the
avoidance of doubt, Shares registered pursuant to such agreement shall still be subject to the terms of this Agreement), the issuance of Shares to the undersigned in connection with the Transactions or the issuance or forfeiture of Shares in
accordance with the terms of Sections 1.05(e), 1.05(f) or 1.12(a) or Article VIII of the Merger Agreement. In addition, the foregoing restrictions shall not apply to the transfer of Shares or Related Securities by gift,
or by will or intestate succession to a Family Member or to a trust whose beneficiaries consist exclusively of one or more of the undersigned or one or more Family Members; provided, however, that in any such case, it shall be a condition to
such transfer that: 

	 	•	 	 each transferee executes and delivers to the Company an agreement in form and substance satisfactory to the Company stating that such transferee is
receiving and holding such Shares or Related Securities subject to the provisions of this letter agreement and agrees not to Sell or Offer to Sell such Shares or Related Securities, engage in any Swap or engage in any other activities restricted
under this letter agreement except in accordance with this letter agreement (as if such transferee had been an original signatory hereto), and 

  

	 	•	 	 prior to the expiration of the Lock-up Period, no public disclosure or filing under the Exchange Act by any party to the transfer (donor, donee,
transferor or transferee) shall be required, or made voluntarily, reporting a reduction in beneficial ownership of Shares in connection with such transfer. 

 The undersigned further agrees that the foregoing provisions shall be equally applicable to any Shares the undersigned may purchase or otherwise receive after the date hereof. 

The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the
transfer of Shares or Related Securities held by the undersigned and the undersigned’s Family Members, if any, except in compliance with the foregoing restrictions. 
 The undersigned confirms that the undersigned has not, and has no knowledge that any Family Member has, directly or indirectly, taken any action designed to or that might reasonably be expected to cause
or result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale of the Shares. The undersigned will not, and will cause any Family Member not to take, directly or indirectly, any such action.

 The undersigned hereby represents and warrants that the undersigned has full power, capacity and authority to enter into this letter
agreement. This letter agreement is irrevocable and will be binding on the undersigned and the successors, heirs, personal representatives and assigns of the undersigned. 
 The undersigned acknowledges that the Company and the other parties to the Merger Agreement are relying on the representations and agreements of the undersigned contained in this letter agreement in
connection with, and as an inducement to enter into and consummate, the Merger Agreement and the Transactions. 
 This letter agreement shall be
governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the conflicts of law provisions thereof. 
 [Signature page follows] 

  
 2 

	
	
	/s/ Stephen D. Cope
	Holder: Stephen D. Cope

  

	
	
	/s/ Ronald Moreau
	Holder: Ronald Moreau

  

	
	
	/s/ Eric Storm
	Holder: Eric Storm

  

	
	
	/s/ Richard Dodson
	Holder: Richard Dodson

  

	
	
	/s/ Jeff Sweet
	Holder: Jeff Sweet

  

	
	
	/s/ Kelly P. Cope
	Holder: Kelly P. Cope

  

	
	
	/s/ Stephen K. Cope
	Holder: Stephen K. Cope

  

	
	
	/s/ Vicki L. Cope
	Holder: Vicki L. Cope

  

	
	
	/s/ Lauren A. Little
	Holder: Lauren A. Little

  

	
	
	/s/ Bruce Burnham
	Holder: Bruce Burnham

  

	
	
	/s/ Greg Kimbrough
	Holder: Greg Kimbrough

  

			
	Holder: SDC Management Services, LLC
		
	By:	 	/s/ Stephen D. Cope
	Name:	 	Stephen D. Cope
	Title:	 	Authorized Officer

 Signature page to Lock-Up Agreement 

 Certain Defined Terms 

Used in Lock-up Agreement 

For purposes of the letter agreement to which this Annex A is attached and of which it is made a part: 

 

	 	•	 	 “Call Equivalent Position” shall have the meaning set forth in Rule 16a-1(b) under the Exchange Act. 

 

	 	•	 	 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

 

	 	•	 	 “Family Member” shall mean the spouse of the undersigned, an immediate family member of the undersigned or an immediate family member
of the undersigned’s spouse, in each case living in the undersigned’s household or whose principal residence is the undersigned’s household (regardless of whether such spouse or family member may at the time be living elsewhere due to
educational activities, health care treatment, military service, temporary internship or employment or otherwise). “Immediate family member” as used above shall have the meaning set forth in Rule 16a-1(e) under the Exchange Act.

  

	 	•	 	 “Lock-up Period” shall mean the period beginning on the date hereof and continuing through the close of trading on either (a) the
date that is 12 months after the date hereof or (b) with respect to any Holder who is subject to a written employment agreement with the Company or a subsidiary of the Company, other than Stephen Cope, the earlier of (i) 12 months after
the date hereof and (ii) the date of the Holder’s termination of employment with the Company or such subsidiary either (x) by the Company or such subsidiary without Cause or without Good Cause (each as defined in such employment
agreement), as applicable, (y) by the Holder for Good Reason (as defined in such employment agreement) or (z) if the employment agreement does not contain a definition of Good Reason, but contains a substantially similar concept upon which
the Holder is entitled to receive severance payments or benefits in addition to accrued amounts upon a termination of employment with the Company or such subsidiary, on the date of such termination. 

 

	 	•	 	 “Put Equivalent Position” shall have the meaning set forth in Rule 16a-1(h) under the Exchange Act. 

 

	 	•	 	 “Related Securities” shall mean any options or warrants or other rights to acquire Shares or any securities exchangeable or
exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares. 

 

	 	•	 	 “Securities Act” shall mean the Securities Act of 1933, as amended. 

 

	 	•	 	 “Sell or Offer to Sell” shall mean to: 

 

	 	•	 	 sell, offer to sell, contract or grant an option to sell or lend, 

 

	 	•	 	 effect any short sale or establish or increase a Put Equivalent Position or liquidate or decrease any Call Equivalent Position

  

	 	•	 	 pledge, hypothecate or grant any security interest in, or 

 

	 	•	 	 in any other way transfer or dispose of, in each case whether effected directly or indirectly. 

	 	•	 	 “Swap” shall mean any swap, hedge or similar arrangement or agreement that transfers, in whole or in part, the economic risk of
ownership of Shares or Related Securities, regardless of whether any such transaction is to be settled in securities, in cash or otherwise. 

 Capitalized terms not defined in this Annex A shall have the meanings given to them in the body of this lock-up agreement.

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