Document:

exv10w1

Exhibit 10.1

EXECUTION
COPY

Voting Agreement

          This VOTING AGREEMENT (this “Agreement”), dated as of January 8, 2010, by and among
Hillenbrand, Inc., an Indiana corporation (“Parent”), Krusher Acquisition Corp., a New
Jersey corporation and a direct, wholly-owned Subsidiary of Parent (“Merger Sub”), and each
of the Persons listed on Annex I hereto (each, a “Shareholder”). Capitalized terms
used but not defined herein have the meanings assigned to them in the Agreement and Plan of Merger
dated as of the date of this Agreement (the “Merger Agreement”) by and among Parent, Merger
Sub and Krusher, a New Jersey corporation (the “Company”).

Recitals

          WHEREAS, as of the date hereof, each Shareholder is the beneficial owner (as defined in Rule
13d-3 under the Exchange Act) of the number of Shares set forth opposite such Shareholder’s name
under the heading “Shares Beneficially Owned” on Annex I (all such beneficially owned
Shares which are outstanding as of the date hereof and which may hereafter be acquired pursuant to
acquisition by purchase, stock dividend, distribution, stock split, split-up, combination, merger,
consolidation, reorganization, recapitalization, combination or similar transaction, being referred
to herein as the “Subject Shares;” provided that “Subject Shares” shall not include
(i) Shares beneficially owned in the form of Company Options or Company RSUs, but only to the
extent such Shares remain unexercised or unvested, as the case may be or (ii) those Shares
specifically identified on Annex I as “Excluded Shares”);

          WHEREAS, concurrently with the execution and delivery of this Agreement, Parent, Merger Sub
and the Company are entering into the Merger Agreement, a copy of which has been made available to
each Shareholder, which provides for, among other things, the merger of Merger Sub with and into
the Company (the “Merger”), upon the terms and subject to the conditions set forth therein;
and

          WHEREAS, as a condition to Parent’s and Merger Sub’s willingness to enter into the Merger
Agreement, Parent and Merger Sub have requested that each Shareholder, and in order to induce
Parent and Merger Sub to enter into the Merger Agreement, each Shareholder has agreed to, enter
into this Agreement.

          NOW, THEREFORE, in consideration of the foregoing and the respective representations,
warranties, covenants and agreements set forth below and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be
legally bound, do hereby agree as follows:

 

 

ARTICLE I

AGREEMENTS OF EACH SHAREHOLDER

     1.1 Voting of Subject Shares. Each Shareholder irrevocably and unconditionally agrees that
such Shareholder shall, at any meeting (whether annual or special and whether or not an adjourned
or postponed meeting) of the holders of Shares, however called (each, a “Company Shareholders
Meeting”):

          (a) be present, in person or represented by proxy, or otherwise cause such Shareholder’s
Subject Shares to be counted for purposes of determining the presence of a quorum at such meeting
(to the fullest extent that such Subject Shares may be counted for quorum purposes under applicable
Law); and

          (b) vote (or cause to be voted) with respect to all such Shareholder’s Subject Shares to the
fullest extent that such Subject Shares are entitled to be voted at the time of any vote:

               (i) in favor of (1) the approval of the Merger Agreement, (2) without limitation of the
preceding clause (1), the approval of any proposal to adjourn or postpone the Company
Shareholders Meeting to a later date if there are not sufficient votes for approval of the
Merger Agreement on the date on which the Company Shareholders Meeting is held and (3) any
other matter necessary for consummation of the transactions contemplated by the Merger
Agreement, which is considered at any such Company Shareholders Meeting; and

               (ii) against (1) any action (including any amendment to the Company’s certificate of
incorporation or bylaws, as in effect on the date hereof), agreement or transaction that
would reasonably be expected to frustrate the purposes of, impede, hinder, interfere with,
nullify, prevent, delay or adversely affect, in each case in any material respect, the
consummation of the transactions contemplated by the Merger Agreement, (2) any Takeover
Proposal and any action in furtherance of any Takeover Proposal, (3) any merger,
acquisition, sale, consolidation, reorganization, recapitalization, extraordinary dividend,
dissolution, liquidation or winding up of or by the Company, or any other extraordinary
transaction involving the Company (other than the Merger), (4) any action, proposal,
transaction or agreement that would reasonably be expected to result in a breach, in any
material respect, of any covenant, representation or warranty or any other obligation or
agreement of such Shareholder under this Agreement and (5) any other action, proposal,
transaction or agreement that would reasonably be expected to result in the failure of any
condition to the Merger to be satisfied.

     1.2 No Proxies for or Liens on Subject Shares.

2

 

               (a) Except as provided hereunder, during the term of this Agreement, each Shareholder shall
not (nor permit any Person under such Shareholder’s control to), directly or indirectly, (i) grant
any proxies, powers of attorney, rights of first offer or refusal, or enter into any voting trust
or voting agreement or arrangement with respect to any of such Shareholder’s Subject Shares, (ii)
sell (including short sell), assign, transfer, tender, pledge, encumber, grant a participation
interest in, hypothecate or otherwise dispose of (including by gift) (each, a “Transfer”)
any of such Shareholder’s Subject Shares, (iii) otherwise permit any Liens to be created on any of
such Shareholder’s Subject Shares or (iv) enter into any Contract with respect to the direct or
indirect Transfer of any of such Shareholder’s Subject Shares. No Shareholder shall, and shall not
permit any Person under such Shareholder’s control or any of such Shareholder’s or such Person’s
respective representatives to, seek or solicit any such Transfer or any such Contract. Without
limiting the foregoing, each Shareholder shall not take any other action that would in any way
restrict, limit or interfere in any material respect with the performance of such Shareholder’s
obligations hereunder or the transactions contemplated by the Merger Agreement.

               (b) Notwithstanding the foregoing, each Shareholder shall have the right to Transfer all or
any portion of his, her or its Subject Shares to a Permitted Transferee of such Shareholder if and
only if such Permitted Transferee shall have agreed in writing, in a manner reasonably acceptable
in form and substance to Parent, (i) to accept such Subject Shares subject to the terms and
conditions of this Agreement and (ii) to be bound by this Agreement and to agree and acknowledge
that such Person shall constitute a Shareholder for all purposes of this Agreement. “Permitted
Transferee” means, with respect to any Shareholder, (A) any other Shareholder, (B) a spouse,
lineal descendant or antecedent, brother or sister, adopted child or grandchild or the spouse of
any child, adopted child, grandchild or adopted grandchild of such Shareholder, (C) any trust, the
trustees of which include only the Persons named in clauses (A) or (B) and the beneficiaries of
which include only the Persons named in clauses (A) or (B), or (D) if such Shareholder is a trust,
the beneficiary or beneficiaries authorized or entitled to receive distributions from such trust.

               (c) Each Shareholder hereby authorizes Parent and Merger Sub to direct the Company to impose
stop orders to prevent the Transfer of any Subject Shares on the books of the Company in violation
of this Agreement.

     1.3 Documentation and Information. Each Shareholder (a) consents to and authorizes
the publication and disclosure by Parent of such Shareholder’s identity and holdings of Subject
Shares, the nature of such Shareholder’s commitments, arrangements and understandings under this
Agreement and any other information, in each case, that Parent reasonably determines is required to
be disclosed by applicable Law in any press release or any other disclosure document in connection
with the Merger and the transactions contemplated by the Merger Agreement and (b) agrees to
promptly give to Parent any information it may reasonably require for the preparation of any such
disclosure documents. Each Shareholder agrees to promptly notify Parent of any required
corrections with respect to any information supplied by such Shareholder

3

 

specifically for use in any such disclosure document, if and to the extent that any such
information shall have become false or misleading in any material respect.

     1.4 Irrevocable Proxy. Each Shareholder hereby revokes (or agrees to cause to be
revoked) any proxies that such Shareholder has heretofore granted with respect to such
Shareholder’s Subject Shares. Each Shareholder hereby irrevocably appoints Parent, and any
individual designated in writing by Parent, and each of them individually, as attorney-in-fact and
proxy for and on behalf of such Shareholder, for and in the name, place and stead of such
Shareholder, to: (a) attend any and all Company Shareholders Meetings, (b) vote, express consent or
dissent or issue instructions to the record holder to vote such Shareholder’s Subject Shares in
accordance with the provisions of Section 1.1 at any and all Company Shareholders Meetings
or in connection with any action sought to be taken by written consent of the shareholders of the
Company without a meeting and (c) grant or withhold, or issue instructions to the record holder to
grant or withhold, consistent with the provisions of Section 1.1, all written consents with
respect to the Subject Shares at any and all Company Shareholders Meetings or in connection with
any action sought to be taken by written consent without a meeting. Parent (or its designee)
agrees not to exercise the proxy granted herein for any purpose other than the purposes described
in this Agreement. The foregoing proxy shall be deemed to be a proxy coupled with an interest, is
irrevocable (and as such shall survive and not be affected by the death, incapacity, mental illness
or insanity of such Shareholder, as applicable) until the termination of the Merger Agreement and
shall not be terminated by operation of Law or upon the occurrence of any other event other than
the termination of this Agreement pursuant to Section 4.2. Each Shareholder authorizes
such attorney and proxy to substitute any other Person to act hereunder, to revoke any substitution
and to file this proxy and any substitution or revocation with the secretary of the Company. Each
Shareholder hereby affirms that the proxy set forth in this Section 1.4 is given in
connection with and granted in consideration of and as an inducement to Parent and Merger Sub to
enter into the Merger Agreement and that such proxy is given to secure the obligations of the
Shareholder under Section 1.1. 

     1.5 Notices of Certain Events. Each Shareholder shall notify Parent of any
development occurring after the date hereof that causes, or that would reasonably be expected to
cause, any breach of any of the representations and warranties of such Shareholder set forth in
Article II.

     1.6 No Solicitations; Other Offers. Each Shareholder agrees to comply with the
obligations imposed on the Company’s Representatives pursuant to Section 5.3 of the Merger
Agreement as if a party thereto.

     1.7 Further Assurances. Each Shareholder agrees to execute and deliver, or cause to
be executed and delivered, all further documents and instruments as Parent or Merger Sub shall
reasonably request and use their respective commercially reasonable efforts to take, or cause to be
taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under
applicable Laws and regulations, to perform their respective obligations under this Agreement.

4

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF EACH SHAREHOLDER

          Each Shareholder hereby, severally and not jointly, represents and warrants to Parent and
Merger Sub only as to himself, herself or itself (as the case may be) as follows:

     2.1 Organization. Such Shareholder, if not an individual, is a trust, duly organized and
validly existing and in good standing under the laws of the jurisdiction of its organization. Such
Shareholder, if an individual, is a resident of the state set forth below such Shareholder’s
signature on the signature page hereto.

     2.2 Authorization. If such Shareholder is not an individual, it has full trust power and
authority to execute and deliver this Agreement and to perform its obligations hereunder. If such
Shareholder is an individual, he or she has full legal capacity, right and authority to execute and
deliver this Agreement and to perform his or her obligations hereunder. If such Shareholder is not
an individual, the execution, delivery and performance by such Shareholder of this Agreement and
the consummation by such Shareholder of the transactions contemplated hereby have been duly
authorized by all necessary action on the part of such Shareholder.

     2.3 Due Execution and Delivery; Binding Agreement. This Agreement has been duly executed
and delivered by such Shareholder and constitutes a valid and legally binding obligation of such
Shareholder, enforceable against such Shareholder in accordance with its terms, subject to the
effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar Laws relating to or affecting creditors’ rights generally and general equitable principles
(whether considered in a proceeding in equity or at Law). If such Shareholder is married and any
of the Subject Shares constitute community property or spousal approval is otherwise necessary for
this Agreement to be legal, binding and enforceable, this Agreement has been duly authorized,
executed and delivered by, and constitutes the legal, valid and binding obligation of, such
Shareholder’s spouse, enforceable in accordance with its terms, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws
relating to or affecting creditors’ rights generally and general equitable principles (whether
considered in a proceeding in equity or at Law). If such Shareholder is an individual, such
Shareholder has not executed this Agreement within the state of New York.

     2.4 No Violation.

               (a) The execution and delivery of this Agreement by such Shareholder does not, and the
performance by such Shareholder of such Shareholder’s obligations hereunder will not, (i) if such
Shareholder is not an individual, contravene, conflict with, or result in any violation or breach
of any provision of its organizational documents, (ii) assuming compliance with Section
2.4(b), contravene, conflict with or result in a violation nor breach of any provision of
applicable Law or Order of any Governmental Entity with competent jurisdiction or (iii) constitute
a default, or an event that, with or without notice or lapse of time or both, could become a
default, under, or cause or permit the termination, cancellation, acceleration or other

5

 

change of any right or obligation or the loss of any benefit which such Shareholder is
entitled under any provision of any Contract binding upon such Shareholder.

               (b) No consent, approval, order, authorization or permit of, or registration, declaration or
filing with or notification to, any Governmental Entity or any other Person is required by or with
respect to such Shareholder in connection with the execution and delivery of this Agreement by such
Shareholder or the performance by such Shareholder of his, her or its obligations hereunder, except
for the filing with the SEC of any Schedules 13D or 13G or amendments to Schedules 13D or 13G and
filings under Section 16 of the Exchange Act as may be required in connection with this Agreement
and the transactions contemplated hereby.

     2.5 Ownership of Subject Shares. As of the date hereof, such Shareholder is, and (except
with respect to any Subject Shares Transferred in accordance with Section 1.2 hereof) at
all times during the term of this Agreement will be, the beneficial owner of, and has, and will
have, good and marketable title to, such Shareholder’s Subject Shares with no restrictions on such
Shareholder’s rights of disposition pertaining thereto, except as may be otherwise set forth on
Annex I hereto. Other than as provided in this Agreement or as set forth on Annex
I hereto, such Shareholder has, and (except with respect to any Subject Shares Transferred in
accordance with Section 1.2 hereof) at all times during the term of this Agreement will
have, with respect to such Shareholder’s Subject Shares, the sole power, directly or indirectly, to
vote, dispose of, exercise and convert, as applicable, such Subject Shares, and to demand or waive
any appraisal rights or issue instructions pertaining to such Subject Shares with respect to the
matters set forth in this Agreement, in each case with no limitations, qualifications or
restrictions on such rights, and, as such, has, and (except with respect to any Subject Shares
Transferred in accordance with Section 1.2 hereof) at all times during the term of this
Agreement will have, the complete and exclusive power to, directly or indirectly (a) issue (or
cause the issuance of) instructions with respect to the matters set forth in Section 1.4
hereof and (b) agree to all matters set forth in this Agreement. Except to the extent of any
Subject Shares acquired after the date hereof (which shall become Subject Shares upon that
acquisition) or as set forth on Annex I hereto, the number of Shares set forth on Annex
I opposite the name of such Shareholder are the only Shares beneficially owned by such
Shareholder as of the date of this Agreement. Other than the Subject Shares and any Shares that
are the subject of unexercised Company Stock Options and any Company RSUs held by such Shareholder
(the number of which is set forth opposite the name of such Shareholder on Annex I) or as
set forth on Annex I hereto, such Shareholder does not own any Shares or any options to
purchase or rights to subscribe for or otherwise acquire any securities of the Company and has no
interest in or voting rights with respect to any securities of the Company. Except as may be
required pursuant to award agreements relating to Unvested Restricted Stock, there are no
agreements or arrangements of any kind, contingent or otherwise, to which such Shareholder is a
party obligating such Shareholder to Transfer or cause to be Transferred, any of such Shareholder’s
Subject Shares. No Person has any contractual or other right or obligation to purchase or
otherwise acquire any of such Shareholder’s Subject Shares.

     2.6 No Other Proxies. None of such Shareholder’s Subject Shares are subject to any voting
trust or other agreement or arrangement with respect to the voting of such Shares, except as
provided hereunder.

6

 

     2.7 Absence of Litigation. With respect to such Shareholder, as of the date hereof, there
is no action, suit, investigation or proceeding pending against, or, to the knowledge of such
Shareholder, threatened against, or otherwise affecting, such Shareholder or any of his, her or its
properties or assets (including such Shareholder’s Subject Shares) that could reasonably be
expected to impair in any material respect the ability of such Shareholder to perform his, her or
its obligations hereunder or to consummate the transactions contemplated hereby on a timely basis.

     2.8 Opportunity to Review; Reliance. Such Shareholder has had the opportunity to review
the Merger Agreement and this Agreement with counsel of his, her or its own choosing. Such
Shareholder understands and acknowledges that Parent and Merger Sub are entering into the Merger
Agreement in reliance upon such Shareholder’s execution, delivery and performance of this
Agreement.

     2.9 Finders’ Fees. No investment banker, broker, finder or other intermediary is entitled
to a fee or commission from Parent, Merger Sub or the Company in respect of this Agreement based
upon any arrangement or agreement made by or on behalf of such Shareholder in his, her or its
capacity as such.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB

     Each of Parent and Merger Sub hereby, jointly and severally, represent and warrant to the
Shareholders that:

     3.1 Organization. Parent and Merger Sub are each duly organized, validly existing and in
good standing under the laws of its jurisdiction of organization.

     3.2 Authorization. Each of Parent and Merger has full corporate power and authority to
execute and deliver this Agreement and to perform its obligations hereunder. The execution,
delivery and performance by Parent and Merger Sub of this Agreement and the consummation by Parent
and Merger Sub of the transactions contemplated hereby have been duly authorized by all necessary
action on the part of Parent and Merger Sub.

     3.3 Due Execution and Delivery; Binding Agreement. This Agreement has been duly executed
and delivered by each of Parent and Merger Sub and constitutes a valid and legally binding
obligation of Parent and Merger Sub, enforceable against Parent and Merger Sub in accordance with
its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar Laws relating to or affecting creditors’ rights generally and general
equitable principles (whether considered in a proceeding in equity or at Law).

7

 

ARTICLE
IV

MISCELLANEOUS

     4.1 Notices. All notices, requests and other communications to any party hereunder shall
be in writing (including facsimile transmission) and shall be given, (i) if to Parent or Merger
Sub, in accordance with the provisions of the Merger Agreement and (ii) if to a Shareholder, to
such Shareholder’s address or facsimile number set forth on a signature page hereto, or to such
other address or facsimile number as such party may hereafter specify for the purpose by notice to
each other party hereto.

     4.2 Termination. This Agreement shall terminate automatically, without any notice or other
action by any Person, upon the earlier of (i) termination of the Merger Agreement and (ii) the
Effective Time. Upon termination of this Agreement, no party shall have any further obligations or
liabilities under this Agreement; provided, however, that (x) nothing set forth in this Section
4.2 shall relieve any party for liability arising from fraud or a willful and material breach
of this Agreement and (y) the provisions of this Article IV shall survive any such
termination of this Agreement.

     4.3 Amendments and Waivers. Any provision of this Agreement may be amended or waived if
such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to
this Agreement or, in the case of a waiver, by each party against whom the waiver is to be
effective. No failure or delay by any party in exercising any right, power or privilege hereunder
shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any
other or further exercise thereof or the exercise of any other right, power or privilege. Except
as otherwise provided herein, the rights and remedies of the parties hereunder are cumulative and
are not exclusive of any rights or remedies which they would otherwise have hereunder.

     4.4 Expenses. Whether or not the Merger is consummated, all costs and expenses incurred in
connection with this Agreement shall be paid by the party incurring or required to incur such cost
or expenses.

     4.5 Binding Effect; Assignment. The provisions of this Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors and assigns. No
party may assign, delegate or otherwise transfer any of its rights or obligations under this
Agreement without the consent of each other party hereto, except that (a) Parent may transfer and
assign it rights to one or more individuals as provided in Section 1.4 and (b) each of
Parent and Merger Sub may transfer or assign its rights and obligations under this Agreement, in
whole or from time to time in part, to one or more of its Affiliates at any time; provided, that
such transfer or assignment shall not relieve Parent or Merger Sub of any of its obligations
hereunder.

     4.6 GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL.

               (a) This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New Jersey, without giving effect to any choice or conflict of law provision or rule
(whether of the State of New Jersey or any other jurisdiction) that would cause

8

 

the application of the laws of any jurisdiction other than the State of New Jersey. The
parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the State of New
Jersey and the Federal courts of the United States of America located in the State of New Jersey
and the City of Chicago, Illinois in respect of all matters arising out of or relating to this
Agreement the interpretation and enforcement of the provisions of this Agreement, and in respect of
the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in
any action, suit or proceeding for the interpretation or enforcement hereof or of any such
document, that it is not subject thereto or that such action, suit or proceeding may not be brought
or is not maintainable in said courts or that the venue thereof may not be appropriate or that this
Agreement or any such document may not be enforced in or by such courts, and the parties hereto
irrevocably agree that all claims with respect to such action or proceeding shall be heard and
determined exclusively in such State or Federal court. The parties hereby consent to and grant any
such court jurisdiction over the person of such parties solely for such purpose and over the
subject matter of such dispute and agree that mailing of process or other papers in connection with
any such action or proceeding in the manner provided in Section 4.1 or in such other manner
as may be permitted by Law shall be valid and sufficient service thereof.

               (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii)
EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES
THIS WAIVER VOLUNTARILY AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4.6(b).

     4.7 Counterparts; Effectiveness. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original but all of which shall constitute one
and the same instrument. This Agreement shall become effective when each party hereto shall have
received counterparts thereof signed and delivered (by telecopy or otherwise) by the other parties
hereto.

     4.8 Entire Agreement; Third Party Beneficiaries. This Agreement constitutes the entire
agreement, and supersedes all prior agreements and understandings, both written and oral, between
the parties with respect to the subject matter hereof. Nothing in this Agreement, express or
implied, is intended to or shall confer upon any Person other than the parties and their respective
successors and permitted assigns any legal or equitable right, benefit or remedy of any nature
under or by reason of this Agreement.

9

 

     4.9 Severability. Whenever possible, each provision or portion of any provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable Law,
but if any term or other provision of this Agreement is invalid, illegal or incapable of being
enforced by any Law or public policy, all other terms and provisions of this Agreement shall
nevertheless remain in full force and effect. Notwithstanding the foregoing, upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in an acceptable manner in order that the transactions
contemplated hereby are consummated as originally contemplated to the greatest extent possible.

     4.10 Specific Performance. The parties hereto agree that each of Parent and Merger Sub
would be irreparably damaged in the event that any Shareholder fails to perform any of his, her or
its obligations under this Agreement. Accordingly, each of Parent and Merger Sub shall be entitled
to an injunction or injunctions to prevent breaches of this Agreement by any Shareholder and to
specific performance of the terms and provisions hereof in any court of competent jurisdiction,
this being in addition to any other remedy to which they are entitled at Law or in equity.

     4.11 Interpretation. When a reference is made in this Agreement to Sections or Articles,
such reference shall be to a Section or Article of this Agreement unless otherwise indicated. The
headings contained in this Agreement are for reference purposes only and shall not affect in any
way the meaning or interpretation 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 specified. The words “hereby,” “hereof,” herein” and “hereunder” and
words of similar import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement. The words “date hereof” shall refer to the date
of this Agreement. The word “extent” in the phrase “to the extent” shall mean the degree to which
a subject or other thing extends, and such phrase shall not mean simply “if.” The term “or” shall
not be deemed to be exclusive. All terms defined in this Agreement shall have the defined meanings
when used in any certificate or other document made or delivered pursuant hereto unless otherwise
defined therein. The words describing the singular number shall include the plural and vice versa
and words denoting any gender shall include all genders. References to a Person are also to its
permitted successors and assigns. The parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
provisions of this Agreement.

     4.12 Capacity as Shareholder. Each Shareholder signs this Agreement solely in such
Shareholder’s capacity as a Shareholder of the Company and not in such Shareholder’s capacity as a
director, officer or employee of the Company or any of its Subsidiaries or in such Shareholder’s
capacity as a trustee or fiduciary of any employee benefit plan or trust. Nothing herein shall in
any way restrict a director or officer of the Company in the exercise of his or her fiduciary
duties as a director or officer of the Company or in his or her capacity as a trustee or fiduciary
of any employee benefit plan or trust or prevent or be construed to create any obligation on the
part of any director or officer of the Company or any trustee or fiduciary of any

10

 

     employee benefit plan or trust from taking any action in his or her capacity as such director,
officer, trustee or fiduciary.

[Signature Page Next]

11

 

          IN WITNESS WHEREOF, Parent, Merger Sub and the Shareholders have caused this Agreement to be
duly executed and delivered as of the date first written above.

	 	 	 	 	 
	 	Hillenbrand, Inc.

 	 
	 	By:  	        /s/ Kenneth A. Camp
 	 
	 	 	Name:  	       Kenneth A. Camp 	 
	 	 	Title:  	      President and Chief Executive
Officer 	 
	 
	 	Krusher Acquisition Corp.

 	 
	 	By:  	        /s/ John R. Zerkle
 	 
	 	 	Name:  	       John R. Zerkle 	 
	 	 	Title:  	      Vice President and Secretary 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Kevin C. Bowen
 	 
	 	Name:  	  Kevin C. Bowen 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Edward B. Cloues, II
 	 
	 	Name:  	Edward B. Cloues, II 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Norman Cohen
 	 
	 	Name:  	Norman Cohen 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Robert A. Engel
 	 
	 	Name:  	Robert A. Engel 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholders

 	 
	 	/s/ Lukas Guenthardt
 	 
	 	Name:  	Lukas Guenthardt 	 
	 	Address: 	 
	 

	 	 	 	 	 
	 	 	 
	 	                         /s/ Megan C. Guenthardt
 	 
	 	Name:  	Megan C. Guenthardt 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Edward T. Hurd
 	 
	 	Name:  	Edward T. Hurd 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Donald W. Melchiorre
 	 
	 	Name:  	Donald W. Melchiorre 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Richard J. Pinola
 	 
	 	Name:  	Richard J. Pinola 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Shareholder

 	 
	 	/s/ Robert E. Wisniewski
 	 
	 	Name:  	Robert E. Wisniewski 	 
	 	Address: 	 
	 

[Voting Agreement Signature Page]

 

 

Annex I

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Subject Shares	 	 	 	 	 	 
	 	 	Shares	 	Outstanding as	 	 	 	 	 	 
	 	 	Beneficially	 	of January 8,	 	Company	 	Company	 	Excluded
	Shareholder	 	Owned	 	2010	 	Stock Options1	 	RSUs1	 	Shares
	Kevin C. Bowen
	 	 	30,095	 	 	 	19,095	 	 	 	10,000	 	 	 	1,000	 	 	 	 	 
	Edward B. Cloues, II
	 	 	248,487	 	 	 	213,287	 	 	 	10,000	 	 	 	2,000	 	 	 	23,300	2
	Norman Cohen
	 	 	4,469	 	 	 	2,469	 	 	 	2,000	 	 	 	 	 	 	 	 	 
	Robert A. Engel
	 	 	12,500	 	 	 	6,500	 	 	 	6,000	 	 	 	 	 	 	 	 	 
	Lukas Guenthardt
	 	 	37,355	 	 	 	17,355	3	 	 	19,000	 	 	 	1,000	 	 	 	 	 
	Edward T. Hurd
	 	 	3,500	 	 	 	3,500	 	 	 	 	 	 	 	 	 	 	 	 	 
	Donald W. Melchiorre
	 	 	5,500	 	 	 	4,500	 	 	 	 	 	 	 	1,000	 	 	 	 	 
	Richard J. Pinola
	 	 	18,314	 	 	 	12,314	 	 	 	6,000	 	 	 	 	 	 	 	 	 
	Robert E. Wisniewski
	 	 	3,500	 	 	 	2,500	 	 	 	 	 	 	 	1,000	 	 	 	 	 

 

			
	1	 	The Shares underlying Company Stock Options
and Company RSUs are included in the “Shares Beneficially Owned” column.
	 
	2	 	Mr. Cloues has shared power to vote or direct
the vote, and to dispose or direct the disposition, of 23,200 Shares that he
indirectly beneficially owns pursuant to powers of attorney granted to him by
each of Mrs. Jeanette C. Cloues and Mrs. Jan W. Beebe. Also includes 100
Shares Mr. Cloues intends to transfer to Upper Dublin Lutheran Church.
	 
	3	 	Mr. Guenthardt shares investment and voting
power with his wife, Megan C. Guenthardt, for 11,797 Shares.

xiexv4w1

Exhibit 4.1

FIRST AMENDMENT TO RIGHTS AGREEMENT

     Amendment, dated as of January 11, 2010, between Zareba Systems, Inc., a Minnesota
corporation, and Wells Fargo Bank, N.A. as Rights Agent (the “Rights Agent”), to the Rights
Agreement dated as of March 15, 2005 between Waters Instruments, Inc., the name of which has been
changed to Zareba Systems, Inc. and which is hereinafter referred to as the “Company,” and the
Rights Agent (the “Rights Agreement”).

Recitals

     A. This Amendment is entered into in connection with the Agreement and Plan of Merger, dated
as of the date hereof (as it may be amended or supplemented from time to time, the “Merger
Agreement”), by and among Woodstream Corporation, a Pennsylvania corporation (“Buyer”), WDST, Inc.,
a Minnesota corporation and wholly-owned subsidiary of Buyer (“Sub”), and the Company, with respect
to a merger of Sub with and into the Company (the “Merger”).

     B. The Company and the Rights Agent have executed and entered into the Rights Agreement.

     C. Pursuant to Section 27 of the Rights Agreement, the Company may from time to time
supplement or amend the Rights Agreement in accordance with the provisions of such Section.

     D. No Right Certificates are outstanding under the Rights Agreement.

     E. The Board of Directors of the Company (the “Board of Directors”) has determined that the
Merger Agreement and the Merger are fair to, advisable, and in the best interests of the Company
and its shareholders.

     F. To induce Buyer and Sub to enter into the Merger Agreement, the Board of Directors has
determined that it is in the best interests of the Company and its shareholders to amend the Rights
Agreement to exempt the execution and delivery of the Merger Agreement, the consummation of the
Merger and the other transactions contemplated by the Merger Agreement from the application of the
Rights Agreement.

Amendment

     This Amendment amends the Rights Agreement as follows:

     1. The following sentence is added to the end of the definition of “Acquiring Person” in
Section 1(a) of the Rights Agreement:

Notwithstanding anything in this Agreement to the contrary, neither
Woodstream Corporation, a Pennsylvania corporation (“Buyer”), nor
any direct or indirect wholly owned subsidiary of

 

 

Buyer shall be deemed to be an Acquiring Person solely as a result
of the execution and delivery of the Agreement and Plan of Merger,
dated as of January 11, 2010, among Buyer, WDST, Inc., a Minnesota
corporation and wholly-owned subsidiary of Buyer (“Sub”), and the
Company (as such agreement may be amended from time to time, the
“Merger Agreement”), or the consummation of the merger of Sub with
and into the Company (the “Merger”) or any of the other transactions
contemplated by the Merger Agreement.

     2. Section 7(a) of the Rights Agreement is amended in its entirety to read as follows:

     (a) The Rights will not be exercisable until, and will become
exercisable on, the Distribution Date (unless otherwise provided in
this Agreement, including, without limitation, the restrictions on
exercisability set forth in Sections 7(e) and 23(a)). Except as
otherwise provided in this Agreement, the Rights may be exercised,
in whole or in part, at any time commencing with the Distribution
Date upon surrender of the Right Certificate, with the form of
election to purchase and the certificate on the reverse side thereof
duly executed (with signatures duly guaranteed), to the Rights Agent
at the principal office of the Rights Agent in St. Paul, Minnesota,
together with payment of the Exercise Price with respect to the
total number of one one-hundredths (1/100) of a share (or other
securities, cash or other assets, as the case may be) as to which
such surrendered Rights are then exercisable, subject to adjustment
as provided in this Agreement, at or prior to the Close of Business
on the earliest of (i) March 17, 2015 (the “Final Expiration Date”),
(ii) the date on which the Rights are redeemed as provided in
Section 23 (the “Redemption Date”), or (iii) immediately prior to
the effective time of the Merger (such earliest date is the
“Expiration Date”).

     3. The following sentence is added to the end of Section 15 of the Rights Agreement:

Nothing in this Agreement shall be construed to give any holder of
Rights or any other Person any legal or equitable rights, remedy, or
claim under this Agreement in connection with the execution and
delivery of the Merger Agreement, the consummation of the Merger or
any of the other transactions contemplated by the Merger Agreement.

2

 

     4. New Section 34 is added to the end of the Rights Agreement to read in its entirety as
follows:

     Section 34. Merger Agreement. Notwithstanding any
other provision of this Agreement, none of the execution and
delivery of the Merger Agreement, or the consummation of the Merger
or any of the other transactions contemplated by the Merger
Agreement shall result in a Distribution Date or a Stock Acquisition
Date or in any way permit any Rights to be exercised pursuant to
Section 11(a)(ii), Section 13, or otherwise for any capital stock,
whether Common Stock, Preferred Stock, or other preferred stock,
cash, property or other consideration or exchanged pursuant to
Section 24, nor will such execution and delivery or consummation
result in any separation of the Rights from the underlying Common
Stock or require or permit the Rights to be evidenced by, or to be
transferable pursuant to, Right Certificates separate from
certificates for the Common Stock of the Company, nor entitle or
permit the holders of the Rights to exercise the Rights or otherwise
increase the rights of, or grant any rights to, the holders of the
Rights, including giving the holders of the Rights the right to
acquire any capital stock, cash or other property of any party to
the Merger Agreement or any affiliate of Buyer or Sub.
Notwithstanding any other provision of this Agreement, this
Agreement shall be inapplicable to the execution and delivery of the
Merger Agreement, the Merger, or any of the other transactions
contemplated by the Merger Agreement, and all Rights issued and
outstanding under the Rights Agreement shall expire immediately
prior to the effective time of the Merger.

     5. This Amendment may be executed in any number of counterparts, each of which shall be deemed
an original, but such counterparts shall together constitute the same instrument.

     6. This Amendment shall be deemed to be a contract made under the laws of the State of
Minnesota and for all purposes shall be governed by and construed in accordance with the laws of
such State applicable to contracts to be made and performed entirely within such State.

     [The remainder of this page has been intentionally left blank.]

3

 

     In Witness Whereof, this Amendment has been duly executed by the Company and the Rights Agent
as of the date first written above.

	 	 	 	 	 
	 	
ZAREBA SYSTEMS, INC.

 	 
	 	By:  	/s/ Dale A. Nordquist
 	 
	 	 	Name:  	Dale A. Nordquist 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 
	 
	 	WELLS FARGO BANK, N.A.

 	 
	 	By:  	

/s/ Becky Paulson
 	 
	 	 	Name:  	Becky Paulson 	 
	 	 	Title:  	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]