Document:

Warrant Agreement

 Exhibit 10.10 
 No. 1087 
 AWARD AGREEMENT 
  

			
	Optionee: William Campbell	  	Grant Date: May 18, 2006
		
	Per Share Exercise Price: $2.10	  	Number of Shares:- 50,000-
		
	Plan: DHB Industries, Inc. 2005	  	Option Type: Nonqualified Stock Option
		
	Omnibus Equity Incentive Plan	  	

 AWARD AGREEMENT (this “Agreement”) dated as of the Grant Date specified above
between DHB Industries, Inc., a Delaware corporation (the “Company”), and the Optionee specified above, pursuant to the Plan specified above as in effect and as amended from time to time. 
 1. Incorporation By Reference. This Agreement is subject in all respects to the terms and provisions of the Plan, all of which are by this
reference made a part of and incorporated in this Agreement. Any capitalized term not defined in this Agreement shall have the meaning ascribed to it in the Plan. If and to the extent this Agreement and the Plan conflict, the Plan shall control.

 2. Grant of Option. The Company grants to the Optionee, as of the Grant Date specified above, an option (the “Option”) to
acquire the number of Shares of the Company’s common stock specified above (the “Option Shares”) from the Company at the Per Share Exercise Price specified above. The Option is not intended to qualify as an incentive stock option
within the meaning of Section 422 of the Internal Revenue Code. 
 3. Exercise of Option. 
 (a) Except as otherwise provided in the Plan and this Agreement, the Option shall vest and become exercisable as to 100% of the Option
Shares (subject to adjustment in accordance with Section 9) on the Grant Date. 
 (b) The Option may not be exercised for
a fractional share of common stock. 
 4. Method of Exercise and Payment. To exercise the Option, the Optionee must deliver a written
notice, in such manner and form as the Company may require, to the Company’s corporate secretary or the secretary’s designee on any business day. The notice must specify the number of the Option Shares the Optionee wants to acquire, the
date of grant of the Option, the aggregate purchase price for the shares with respect to which the Option is exercised, and the effective date of exercise (no earlier than the date of receipt of such notice by the Company). The notice must be
accompanied by payment, made in the manner set forth in the Plan, of (i) the aggregate purchase price for the 

 
Option Shares to be acquired (except as otherwise provided in the following sentence), and (ii) unless the Committee administering the Plan determines
otherwise, the amount of any taxes (including, without limitation, any FICA, FUTA and similar taxes) required to be withheld and paid by the Company or its Related Entity in connection with the exercise of the Option, as determined by the Committee.
Notwithstanding the preceding sentence, the Optionee may elect in the notice of exercise to make a cashless exercise of the Option, in which event the amount described in clause (i) of the immediately preceding sentence shall not be required to
be paid to the Company and the Company shall deliver to the Optionee the number of Option Shares determined as follows 
  

					
		 		  	X = Y [(A-B)/A]
		 	Where:	  	
		 		  	X = the number of Option Shares to be issued to the Optionee.
			
		 		  	Y = the number of Option Shares with respect to which this Option is being exercised.
			
		 		  	A = the average of the closing bid prices for the five most recent business days preceding the date of exercise on which the common stock of the Company has traded on the primary exchange or
market on which it is listed.
			
		 		  	B = the Per Share Exercise Price.

 Notwithstanding the above, the Company may decline to effect such a cashless
exercise of the Option or any portion thereof if the Committee determines that such an exercise would conflict with any law, governmental or regulatory requirement, or contractual obligation to which the Company is subject. 
 5. Termination. Unless terminated earlier in accordance with this Agreement, the Option shall terminate as and to the extent provided in the Plan,
and, in any event, the Option shall expire the day immediately preceding the tenth anniversary of the Grant Date, and thereafter shall no longer be exercisable. 
 6. Dividends. The Option shall not entitle the Optionee to receive any dividend declared on the Company’s common stock prior to the delivery of Option Shares pursuant to the exercise of the Option.

 7. Non-transferability. Neither the Optionee nor the Optionee’s beneficiaries shall sell, exchange, transfer, assign, or
otherwise dispose of the Option or any rights or interests therein, other than by testamentary disposition by the Optionee or the laws of descent and distribution, or except as 

  

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the Committee administering the Plan may otherwise determine subject to such terms and conditions as may be imposed by the Committee in its sole discretion.
Neither the Optionee nor the Optionee’s beneficiaries shall pledge, encumber, or otherwise hypothecate the Option or any rights or interests therein in any way at any time. The Option shall not be subject to execution, attachment, or similar
legal process. Any attempted sale, pledge, or other disposition of the Option in violation of this paragraph shall be void and of no force or effect. 
 8. Representation. The Optionee represents that the Optionee is an individual providing services to the Company or a Related Entity and eligible to receive the Option under the Plan. 
 9. Adjustments. The number and kind of Option Shares subject to delivery hereunder, the Per Share Exercise Price, and other terms of this
Agreement shall be subject to adjustment under the circumstances and to the extent provided in the Plan. 
 10. Entire Agreement;
Amendment. This Agreement is an Award Agreement under the Plan; contains, together with the Plan itself, the entire agreement between the parties; and supersedes any other oral and written agreements previously entered into by the parties
concerning the same subject matter. This Agreement may be modified or rescinded only with the written consent of both parties. 
 11.
Governing Law. Delaware law shall govern this Agreement and its interpretation. The issuance of the Option (and the Option Shares upon exercise of this Option) pursuant to this Agreement shall be subject to, and shall comply with, any
applicable requirements of any federal and state securities laws, rules, and regulations (including but not limited to the Securities Act, the Exchange Act, and the respective rules and regulations promulgated thereunder) and any other applicable
law or regulation. 
 12. Binding Effect. This Agreement shall bind and inure to the benefit of the Company and its successors and
assigns. 
 13. Notices. Any and all notices or other communications hereunder (including without limitation any notice of exercise)
shall be in writing and shall be deemed given and effective (i) when transmitted by facsimile (confirmed electronically), if such notice or communication is delivered via facsimile to the facsimile number specified in this Section; (ii) on
the first business day after it is sent by nationally recognized overnight courier service to the address specified in this Section, or (iii) upon actual receipt by the party to whom such notice is required to be given. The addresses for such
communications shall be: (i) if to the Company, to DHB Industries, Inc., 400 Post Avenue, suite 303, Westbury, New York 11590, Attn: Dawn Schelgel, Facsimile No: (516) 997-5051, or (ii) if to the Optionee, to the address for such
Optionee appearing on the books and records of the Company or a Related Entity, or such other address as the Optionee may provide to the Company by written notice under this Agreement. 
 14. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which, taken together,
shall constitute one and the same instrument. 
  

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	DHB INDUSTRIES, INC.
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

			
		
	 	 	 
	William Campbell

  

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 FORM OF ELECTION TO PURCHASE 
 To by DHB Industries, Inc.: 
 The undersigned is the Holder of Warrant No. 1087 (the “Warrant”) issued by DHB
Industries Inc., a Delaware corporation (the “Company”). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant. 
  

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

  

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

  

	3.	The Holder intends that payment of the Exercise Price shall be made as (check one): 

  ̈ “Cash Exercise” 
  ̈ “Cashless Exercise” 
 (a) If the Holder has elected a Cash Exercise, the Holder shall pay the sum of $________ to the Company in accordance with the terms of the Warrant (equal to the Exercised Share Number multiplied by the Exercise Price
of $6.85 per Warrant Share). 
 (b) If the Holder has elected a Cashless Exercise, the average of the closing bid prices for the five Trading
Days immediately prior to (but not including) the Date of Exercise equals: $________. 
  

	4.	Number of shares of Common Stock to be issued to the Holder equals _______ (equal to Exercised Share Number if using Cash Exercise, or based on Cashless Exercise Formula per
Section 9(b) of the Warrant). 

 By its delivery of this Form of Election To Purchase, the Holder represents and warrants
to the Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially own in excess of the number of shares of Common Stock (determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as
amended) permitted to be owned under Section 11 of the Warrant to which this notice relates. 
 The undersigned requests that
certificates for the shares of Common Stock issuable upon this exercise be issued in the name of Barry Berkman. 
 Please print 
 Dated: ______________                    Name of Holder
_____________________ 
 Address ________________________________________________________________ 
 Name _____________________      Title _______________ 
 Social Security or Tax ID: Number ____________________ 
 Signature: __________________________________ 
  

 5Warrant Award Certificate

 Exhibit 10.11 
 NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO
AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS ESTABLISHED BY AN OPINION FROM COUNSEL TO THE COMPANY. 
 WARRANT AWARD CERTIFICATE 
  

			
	Warrant #                    	  	For 400,000 Shares

 DHB INDUSTRIES, INC. 
 THIS WARRANT AWARD CERTIFICATE (THIS “WARRANT AWARD”) CERTIFIES that on September 28, 2006 (the “Issuance Date”),
John C. Siemer (the “Holder”) was granted a warrant (the “Warrant”) to purchase, at the price of $2.82 per share, all or any part of 400,000 fully paid and non-assessable shares (“Shares”) of common
stock, par value $.001 per share, of DHB INDUSTRIES, INC., a Delaware corporation (the “Company”), upon and subject to the following terms and conditions: 
 1. General Terms of the Warrant. The Warrant is granted in accordance with, and as a material inducement to, the Holder’s commencement of employment with the Company pursuant to an employment agreement
dated September 28, 2006 (the “Services Agreement”). This Warrant is granted outside and independent of the Company’s 2005 Omnibus Equity Incentive Plan (the “Plan”); provided, however, that
the terms, conditions and definitions of Sections 2, 3, 6, 7, 8, 9 and 10 of the Plan are hereby incorporated herein as though set forth at length and as though this Warrant were granted under the Plan. Capitalized terms used herein shall have the
meanings set forth in the Plan, unless otherwise defined herein. 
 2. Expiration.
Except as otherwise provided herein, this Warrant shall expire and shall no longer be exercisable one day prior to the 10th anniversary of the Issuance
Date. 
 3. Exercise. Except as otherwise permitted under the Plan, this Warrant may be exercised or surrendered during the
Holder’s lifetime only by the Holder or his/her guardian or legal representative. THIS WARRANT SHALL NOT BE TRANSFERABLE BY THE HOLDER OTHERWISE THAN BY WILL OR BY THE LAWS OF DESCENT AND DISTRIBUTION, UNLESS THE COMMITTEE, IN ITS SOLE AND
ABSOLUTE DISCRETION, CONSENTS TO A TRANSFER AUTHORIZED BY SECTION 10(b) OF THE PLAN. 
 Except as otherwise provided in Sections 4 and 5 of
this Warrant Award or Section 9 of the Plan, this Warrant shall vest as follows: 10% on the Issuance Date, 30% on the date one year after the Issuance Date, 30% on the date two years after the Issuance Date and 30% on the date three years after
the Issuance Date. 

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

 4. Termination of Employment by the Company for Cause. In the event the Holder’s employment is terminated by the Company for
Cause (as defined in the Plan), the Warrant shall cease to vest and neither any vested nor any unvested portion of the Warrant may be exercised after such termination. 
 5. Other Termination of Employment. In the event the Holder’s employment terminates
for any reason not addressed by Section 4 of this Warrant Award, this Warrant shall cease to vest and, to the extent vested on the date of such termination and not previously expired or exercised, shall be exercisable in accordance with this
Warrant Award until the earlier of (i) the 90th day after such termination (or one year after termination because of death) or (ii) the day on
which the Warrant is scheduled to expire in accordance with Section 2 of this Warrant Award, unless the Committee, in its sole and absolute discretion and subject to the terms of the Plan, decides otherwise. No unvested portion of the Warrant
may be exercised after any such termination. 
 6. Restrictions on Exercise. 
 (a) Notwithstanding anything to the contrary contained herein, this Warrant may not be exercised, and neither this Warrant nor the Shares
issued upon exercise of this Warrant may be purchased, sold or transferred, unless the Company, in its sole and absolute discretion, believes such exercise, purchase, sale or transfer (as the case may be) is in compliance with the Securities Act of
1933, as amended (the “Act”), or any comparable federal securities law and all applicable state securities laws, and the requirements of any stock exchange, national market system or national quotation system on which securities of
the Company of the same class as the Shares are then traded or quoted, in each case as in effect on the date of such proposed exercise, purchase, sale or transfer. 
  

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 (b) In the event that the Warrant
or any portion thereof cannot be exercised immediately prior to the time it expires pursuant to any of Sections 2 and 5 of this Warrant Award because such exercise would violate an applicable Federal, state, local or foreign law, then the expiration
date of such portion shall be extended to the 30th day after the date on which such exercise would no longer violate an applicable Federal, state, local or
foreign law. The Company shall use reasonable efforts to notify the Holder of the date on which such exercise would no longer violate an applicable Federal, state, local or foreign law. 
 (c) The Holder acknowledges that the Company shall have the right, but not the obligation, to register the Shares underlying this Warrant
on a Form S-8 or S-3 to facilitate their resale by the Holder. Except as provided in the Services Agreement, the Holder acknowledges that the Company is under no obligation to register, qualify or list, or maintain the registration, qualification or
listing of, the Warrant or the Shares with the Securities and Exchange Commission, any state securities commission or any stock exchange, national market system or national quotation system to effect such compliance. 
 (d) In the event the Holder desires to offer for sale or to otherwise transfer this Warrant or the Shares for which this Warrant may be
exercised pursuant to an exemption from registration under the Act, the Holder shall make such representations and furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company, in light of the then
existence or non-existence of an effective Registration Statement under the Act with respect to such Shares to issue the Shares in compliance with the provisions of that or any comparable federal securities law and all applicable state securities
laws. 
 7. Adjustments. Notwithstanding anything to the contrary contained herein, to prevent the dilution or enlargement of benefits
or potential benefits intended to be made available under the Plan, this Warrant shall be subject to adjustment pursuant to Section 10(c) of the Plan. 
 8. Delivery of Share Certificates. Within a reasonable time after the exercise of this Warrant and the issuance of Shares in connection therewith, the Company shall cause to be delivered to the person entitled
thereto a certificate representing such Shares. If this Warrant shall have been exercised with respect to the purchase of less than all of the Shares subject to this Warrant, the Company shall make a notation in its books and records to reflect the
partial exercise of this Warrant and the number of Shares with respect to which this Warrant remains available for exercise. Absent manifest error, the Company’s books and records shall be final, conclusive and determinative as to the number of
Shares with respect to which this Warrant remains available for exercise. 
 9. Withholding. If the Company or any subsidiary or
affiliate of the Company is required to withhold any amounts by reasons of any federal, state or local tax laws, rules or regulations in respect of (a) the issuance of Shares to the Holder pursuant to this Warrant, and/or 

  

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(b) the exercise or disposition (in whole or in part) of the Warrant, the Company or such subsidiary or affiliate shall be entitled to deduct and withhold
such amounts from any payments to be made to the Holder. In any event, the Holder shall make available to the Company or such subsidiary or affiliate, promptly when requested by the Company or such subsidiary or affiliate, sufficient funds to meet
the requirements of such withholding; and the Company or such subsidiary or affiliate shall be entitled to take and authorize such steps as it may deem advisable in order to have such funds available to the Company or such subsidiary or affiliate
out of any funds or property due or to become due to the Holder. With the consent of the Committee (which can be given or withheld in its sole and absolute discretion), withholding tax obligations of the Holder may be satisfied by the tendering
of Shares by the Holder or by the withholding of Shares by the Company (in either case with such Shares to be valued at their Fair Market Value as of the date of exercise, as determined in the sole and absolute discretion of the Committee).

 10. Committee Discretion. The Committee shall have sole and absolute discretion to interpret, construe or apply any provision of
the Plan and this Warrant Award and its determinations as to the meaning or application of the Plan and this Warrant Award shall be final and binding. The Committee is authorized, in its discretion, to make any determinations necessary or advisable
for the administration of the Plan and this Warrant, waive any conditions or rights under this Warrant Award or amend, alter, accelerate, suspend, discontinue or terminate this Warrant or this Warrant Award; provided, however, that,
except in furtherance of Section 7 hereof, without the consent of the Holder, no such amendment, alteration, suspension, discontinuation or termination of this Warrant Award may materially and adversely affect the rights of the Holder
hereunder. 
 11. Reservation of Shares. The Company hereby agrees that at all times there shall be reserved for issuance and/or
delivery such number of Shares as shall be required for issuance or delivery to the Holder following the exercise hereof. 
 12. Rights of
Holder. Nothing contained in this Warrant Award shall be construed to confer upon the Holder any right to be continued in the employ of the Company and/or any subsidiary or affiliate of the Company or derogate from any right of the Company
and/or any subsidiary or affiliate of the Company to retire, request the resignation of, or discharge the Holder at any time, with or without cause. The Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company,
either at law or in equity, and the rights of the Holder are limited to those expressed herein and are not enforceable against the Company except to the extent set forth herein. 
 13. Successors and Assigns. The provisions of this Warrant Award shall be binding upon and inure to the benefit of the Company, its successors and
assigns, and Holder and, to the extent applicable, Holder’s legal representative or permitted assigns. 
 14. Legend. The Company
may cause the following or a similar legend to be set forth on each certificate representing Shares or any other security issued or issuable upon exercise of this Warrant unless counsel for the Company is of the opinion as to any such certificate
that such legend is unnecessary: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS ESTABLISHED BY AN OPINION
FROM COUNSEL TO THE COMPANY. 
  

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 15. Notices. Any notice which either party hereto may be required or permitted to give to the
other shall be in writing, and may be delivered personally or by mail, postage prepaid, or overnight courier, addressed as follows: if to the Company, at the address shown on the cover page of its most recently filed periodic report with the SEC
(or, if the Company is not currently filing periodic reports, at the last address designated by notice from the Company to the Holder pursuant to this Section 15), Attn: General Counsel; and if to the Holder, at the address shown below his
signature on this Warrant Award, or at such other address as the Holder by notice to the Company may designate in writing from time to time. Notices shall be effective upon receipt. 
 16. Conflict with Services Agreement or Plan. In the event of any conflict between the terms of the Holder’s Services Agreement, if any, and
the terms of this Warrant Award with respect to the Warrant, the terms of this Warrant Award shall control. In the event of any conflict between the terms of the Holder’s Services Agreement, if any, or this Warrant Award and the terms of the
Plan, the terms of the Plan shall control. 
 17. Governing Law. To the extent federal law does not otherwise control, the validity,
interpretation, performance and enforcement of this Warrant Award shall be governed by the laws of the State of Delaware, without giving effect to principles of conflicts of laws thereof. 
 [Remainder of page intentionally blank.] 
  

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

  

			
	 DHB INDUSTRIES, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 Date:
	 	  

	 Attest:
	 	  

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

					
	 Accepted and Confirmed:

	
	

	 John C. Siemer

	
	

	 Address

	
	  

	 City
	 	 State
	 	 Zip Code

	
	  

	 Social Security Number

  

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

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

  

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

  

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

  

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

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

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

  

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

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

 Address
                                        
                                        
                                     
 Name                                      
                       Title
                                 
 Social Security or Tax ID:
Number                                     
 Signature:

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