Document:

Exhibit 10.1

 

INVESTOR AGREEMENT

 

This AGREEMENT is
made and entered into as of February 6, 2015 (this “Agreement”) by and among BioScrip, Inc., a Delaware
corporation (the “Company”), and each of the other parties listed on the signature pages hereto (each, an “Investor”
and collectively, the “Investors”). The Company and the Investors are referred to herein as the “Parties.”

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

Section 1. Settlement
Covenants.

 

(a) David Golding.
The Company agrees to nominate David Golding for election to the board of directors of the Company (the “Board”)
at the Company’s 2015 annual meeting of stockholders (the “2015 Annual Meeting”) for a term expiring at
the 2016 annual meeting of stockholders (the “2016 Annual Meeting”). The Company agrees to permit Mr. Golding
to attend meetings of the Board as an informal observer from the date of the Agreement until the 2015 Annual Meeting. The Company
agrees to appoint Mr. Golding to the Governance, Compliance and Nominating Committee of the Board if he is elected at the 2015
Annual Meeting.

 

(b)Upcoming
Vacancy. The Company agrees that the Board and the Governance, Compliance and Nominating Committee of the Board will consult
with the Investors to identify qualified candidates for the next opening that becomes available on the Board after the 2015 Annual
Meeting, and will then consider those candidates in good faith, along with other qualified candidates. If no such opening becomes
available before the 2016 Annual Meeting, the Company further agrees that the Board and the Governance, Compliance and Nominating
Committee of the Board will consult with the Investors to identify qualified candidates, and consider those candidates in good
faith, along with considering other qualified candidates, for election to the Board as a new director at the 2016 Annual Meeting.

 

(c)Trading.
The Investors agree not to buy or sell any shares of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), from the date of this Agreement until the later of (i) the Company’s issuance of a press release (the
“Press Release”) announcing this Agreement, substantially in the form attached hereto as Exhibit A, or
(ii) February 9, 2015.

 

Section 2. 2015
Annual Meeting.

 

(a)Each of the
Investors agrees not to bring, or cause any other person to bring, any business or proposals before or at the 2015 Annual Meeting.
Each of the Investors further agrees not to solicit proxies for any other nomination or proposal.

 

(b)At the 2015
Annual Meeting, each of the Investors agree to vote by proxy and vote all shares of Common Stock beneficially owned by each Investor
and its affiliates in favor of the election of directors nominated by the Board.

 

Section 3. Public
Announcements. Following the execution of this Agreement, the Company will issue the Press Release. Prior to the issuance of
the Press Release, neither the Company nor any of the Investors shall issue any press release or public announcement regarding
this Agreement or take any action that would require public disclosure thereof without the prior written consent of the other Party.
No Party or any of its Affiliates shall make any public statement (including, without limitation, in any filing required under
the Exchange Act) concerning the subject matter of this Agreement inconsistent with the Press Release.

 

    	 

    	 

    

 

Section 4.Specific
Performance. Each of the Investors, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable
injury to the other Party hereto may occur in the event any of the provisions of this Agreement are not performed in accordance
with their specific terms or are otherwise breached and that such injury would not be adequately compensable in monetary damages.
It is accordingly agreed that the Investors or any Investor, on the one hand, and the Company, on the other hand (the “Moving
Party”), shall each be entitled to seek specific enforcement of, and injunctive or other equitable relief to prevent
any violation of, the terms hereof, and the other party hereto will not take action, directly or indirectly, in opposition to the
Moving Party seeking such relief on the grounds that any other remedy or relief is available.

 

Section 5. Notice.
Any notices, consents, determinations, waivers or other communications required or permitted to be given under the terms of this
Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on
file by the sending party); or (iii) one (1) business day after deposit with a nationally recognized overnight delivery service,
in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall
be:

 

To the Company:

 

100 Clearbrook Road

Elmsford, NY 10523

Attention: Richard M. Smith

 

With a copy to:

 

Polsinelli PC

1401 Eye Street, N.W., Suite 800

Washington, DC 20005

Attention: Philip G. Feigen

 

To DSC Advisors, L.L.C.

 

900 North Michigan Avenue, Suite 1600

Chicago, IL 60611

Attention: Andrew G. Bluhm

 

To Cloud Gate Capital, LLC:

 

900 North Michigan Avenue, Suite 1600

Chicago, IL 60611

Attention: David Heller 

 

Section 6. Governing
Law. This Agreement shall be governed by, and construed in accordance with, the Law of the State of Delaware, without regard
to conflict of law principles thereof. 

 

Section 7. Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the Parties with regard to the
subject matter hereof, and supersedes all prior agreements with respect to the subject matter hereof.

 

    	 

    	 

    

 

Section 8. Receipt
of Adequate Information; No Reliance; Representation by Counsel.  Each Party acknowledges that it has received adequate
information to enter into this Agreement, that is has not relied on any promise, representation or warranty, express or implied
not contained in this Agreement and that it has been represented by counsel in connection with this Agreement.  Accordingly,
any rule of law or any legal decision that would provide any party with a defense to the enforcement of the terms of this Agreement
against such party shall have no application and is expressly waived.  The provisions of the Agreement shall be interpreted
in a reasonable manner to effect the intent of the Parties.

 

Section 9. Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in
part or degree shall remain in full force and effect to the extent not held invalid or unenforceable. The Parties further agree
to replace such invalid or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve,
to the extent possible, the purposes of such invalid or unenforceable provision.

 

Section 10. Amendment.
This Agreement may be modified, amended or otherwise changed only in a writing signed by all of the Parties.

 

Section 11. Successors
and Assigns; No Third Party Beneficiaries. This Agreement shall bind the successors and permitted assigns of the Parties, and
inure to the benefit of any successor or permitted assign of any of the Parties; provided , however , that no party
may assign this Agreement without the prior written consent of the other Parties. No provision of this Agreement is intended to
confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any person other than the Parties hereto and
their respective successors and assigns.

 

Section 12. Counterparts.
This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each Party hereto shall
have received a counterpart hereof signed by the other Parties hereto. Counterparts delivered by electronic transmission shall
be deemed to be originally signed counterparts.

 

(Signature pages follow)

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the Parties hereto
have duly executed and delivered this Agreement as of the date first above written.

 

	 	BioScrip, Inc.

 

	 	By:	 /s/ Richard Smith	 
	 	Name: Richard Smith	 
	 	Title: Chief Executive Officer	 

 

    	 

    	 

    

 

INVESTORS:

 

	 	By:	DSC ADVISORS, L.L.C.

 

	 	By:	  /s/ Andrew G. Bluhm	 
	 	 	  Name:	Andrew G. Bluhm	 
	 	 	  Title:	Managing Member	 

 

	 	By:	CLOUD GATE CAPITAL, LLC

 

	 	By:	  /s/ David Heller	 
	 	 	  Name:	David Heller	 
	 	 	  Title:	Managing Member 	 

 

    	 

    	 

    

 

EXHIBIT A

 

Press Release attachedExhibit 4.1

 

AMENDED AND RESTATED

 

CERTIFICATE OF INCORPORATION

 

OF

 

VISTA OUTDOOR INC.

 

Vista Outdoor Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), does hereby certify the following:

 

A.            The Corporation was incorporated under the name “Vista SpinCo Inc.” by the filing of its original Certificate of Incorporation with the Secretary of State of the State of Delaware on April 24, 2014 (the “Original Certificate of Incorporation”). The name of the Corporation was changed to Vista Outdoor Inc. by amendment to the Original Certificate of Incorporation on August 7, 2014.

 

B.            This Amended and Restated Certificate of Incorporation of the Corporation (this “Certificate”), which both amends and restates the provisions of the Corporation’s Original Certificate of Incorporation, was duly adopted by the Board of Directors of the Corporation and approved by the stockholders in accordance with the provisions of Sections 228, 242 and 245 of the General Corporation Law of the State of Delaware.

 

C.            The Certificate of Incorporation of the Corporation is hereby amended and restated to read in its entirety as follows:

 

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ARTICLE I

 

SECTION 1.01. Name. The name of the Corporation is Vista Outdoor Inc.

 

ARTICLE II

 

SECTION 2.01. Registered Office. The address of the Corporation’s registered office in the State of Delaware is 1209 Orange Street, in the City of Wilmington, County of New Castle, Delaware 19801. The name of the Corporation’s registered agent at such address is The Corporation Trust Company.

 

ARTICLE III

 

SECTION 3.01. Purpose. The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware (the “DGCL”).

 

ARTICLE IV

 

SECTION 4.01. Authorized Capital Stock. The total number of shares of all classes of capital stock which the Corporation shall have the authority to issue is 550,000,000 shares, consisting of (a) 500,000,000 shares of Common Stock, par value $0.01 per share (“Common Stock”), and (b) 50,000,000 shares of Preferred Stock, par value $1.00 per share (“Preferred Stock”). The number of authorized shares of Preferred Stock or Common Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority in voting power of the outstanding shares of capital stock of the Corporation entitled to vote thereon irrespective of the provisions of Section 242(b)(2) of the DGCL (or any

 

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successor provision thereto), and no vote of the holders of Preferred Stock or Common Stock voting separately as a class shall be required therefor.

 

SECTION 4.02. Preferred Stock. The Board of Directors of the Corporation (the “Board”) is hereby expressly authorized, by resolution or resolutions and by filing a certificate pursuant to applicable law, and subject to any limitations prescribed by law, to provide, out of the unissued shares of Preferred Stock, for series of Preferred Stock and, with respect to each such series, to fix the number of shares constituting such series and the designation of such series, the voting powers (if any) of the shares of such series, and the preferences and relative, participating, optional or other special rights or privileges, if any, and any qualifications, limitations or restrictions thereof, of the shares of such series. The voting powers, preferences and relative, participating, optional and other special rights and privileges of each series of Preferred Stock, and the qualifications, limitations and restrictions thereof, if any, may differ from those of any and all other series at any time outstanding.

 

SECTION 4.03. Voting Rights. (a) Except as otherwise required by law or this Certificate, each holder of Common Stock, as such, shall be entitled to one vote in person or by proxy for each share of Common Stock held of record by such holder on all matters on which stockholders are generally entitled to vote; provided, however, that, except as otherwise required by law, holders of Common Stock, as such, shall not be entitled to vote on any amendment to this Certificate (including any Certificate of Designation relating to any series of Preferred Stock) that relates solely to the terms of one or more outstanding series of Preferred Stock if the holders of such series of Preferred Stock are entitled, either separately or together with the holders of one or more other such series, to

 

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vote thereon pursuant to this Certificate (including any Certificate of Designation relating to any series of Preferred Stock) or pursuant to the DGCL.

 

(b) Except as otherwise required by law or this Certificate, holders of a series of Preferred Stock shall be entitled only to such voting rights, if any, as shall expressly be granted thereto pursuant to this Article IV (including any Certificate of Designation relating to such series).

 

ARTICLE V

 

SECTION 5.01. Board of Directors. The business and affairs of the Corporation shall be managed by or under the direction of the Board. Subject to the rights of holders of any outstanding series of Preferred Stock with respect to the election of directors, the number of the directors of the Corporation shall be fixed from time to time by resolution of the Board.

 

SECTION 5.02. Elections. Subject to the rights of holders of any outstanding series of Preferred Stock with respect to the election of directors, effective upon the distribution by Alliant Techsystems Inc. (“ATK”) of all of the shares of the Corporation’s stock to ATK stockholders (the “Distribution Date”), pursuant to an effective registration statement filed under the Securities Act of 1933, as amended, the directors of the Corporation shall be divided into three classes, hereby designated Class I, Class II and Class III. The initial assignment of members of the Board to each such class shall be made by the Board. The term of office of the initial Class I directors shall expire at the first annual meeting of the stockholders following the Distribution Date, the term of office of the initial Class II directors shall expire at the second annual meeting of the

 

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stockholders following the Distribution Date and the term of office of the initial Class III directors shall expire at the third annual meeting of the stockholders following the Distribution Date. At each annual meeting of stockholders, commencing with the first annual meeting of stockholders following the Distribution Date, (i) each of the successors elected to replace the directors of a Class whose term shall have expired at such annual meeting shall be elected to hold office until the third annual meeting next succeeding his or her election and until his or her respective successor shall have been duly elected and qualified and (ii) if authorized by a resolution of the Board, directors may be elected to fill any vacancy on the Board, regardless of how such vacancy shall have been created and any director so elected to fill any such vacancy shall be elected to hold office until the third annual meeting next succeeding his or her election and until his or her respective successor shall have been duly elected and qualified.

 

SECTION 5.03. Filling of Newly Created Directorships and Vacancies. Subject to the rights of holders of any outstanding series of Preferred Stock with respect to the election of directors, newly created directorships resulting from any increase in the number of directors and vacancies on the Board resulting from death, resignation, disqualification, removal or other cause shall only be filled by the Board, and not by the stockholders, except as otherwise permitted by Section 5.02 of this Certificate, by the affirmative vote of a majority of the remaining directors then in office or, if there is only one remaining director in office, by such sole remaining director, even though less than a quorum of the Board. Any director elected in accordance with the process described in the immediately preceding sentence shall hold office until the next annual meeting of stockholders at which the term of office of the class to which such director has been

 

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elected expires and until such director’s successor shall have been duly elected and qualified.

 

SECTION 5.04.  Removal. Subject to the rights of holders of any outstanding series of Preferred Stock with respect to the election of directors, following the Distribution Date, a director may be removed from office by the stockholders of the Corporation only for cause, and only by the affirmative vote of the holders of a majority in voting power of the outstanding shares of capital stock of the Corporation entitled to vote thereon.

 

SECTION 5.05.  Advance Notice. Advance notice of stockholder nominations of the directors and of business to be brought by stockholders before any meeting of the stockholders of the Corporation shall be given in the manner provided in the bylaws of the Corporation.

 

ARTICLE VI

 

SECTION 6.01. Bylaws. In furtherance of the powers conferred upon it by law, the Board is expressly authorized to adopt, repeal, alter or amend the bylaws of the Corporation by the affirmative vote of a majority of the total number of authorized directors, whether or not there exist any vacancies on the Board.

 

ARTICLE VII

 

SECTION 7.01. Limitation on Director Liability. To the fullest extent that the DGCL or any other law of the State of Delaware as it exists or as it may hereafter be amended permits the limitation or elimination of the liability of directors, no director of the Corporation shall be liable to the Corporation or its stockholders for monetary

 

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damages for breach of fiduciary duty as a director. To the fullest extent permitted by law, for purposes of this Section 7.01, “fiduciary duty as a director” shall include, without limitation, any fiduciary duty arising from serving at the Corporation’s request as a director of another corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization, organization, employee benefit plan or other legal entity or enterprise.

 

SECTION 7.02. Indemnification of Directors and Officers. To the fullest extent that the DGCL or any other law of the State of Delaware as it exists or as it may hereafter be amended permits, the Corporation may provide indemnification of (and advancement of expenses to) its current and former directors, officers and agents (and any other persons to which the DGCL permits the Corporation to provide indemnification) through bylaw provisions, agreements with such agents or other persons, vote of stockholders or disinterested directors or otherwise.

 

SECTION 7.03. Limitation on Effect of Amendment or Repeal. No amendment to or repeal of any Section of this Article VII, nor the adoption of any provision of this Certificate inconsistent with this Article VII, shall eliminate or reduce the effect of this Article VII in respect of any matter occurring, or any action or proceeding accruing or arising prior to such amendment, repeal or adoption of an inconsistent provision.

 

ARTICLE VIII

 

SECTION 8.01. Action by Written Consent. Subject to the rights, if any, of the holders of any outstanding series of Preferred Stock, any action required or permitted to be taken by the stockholders of the Corporation must be effected at a duly called annual

 

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or special meeting of the stockholders of the Corporation, and may not be effected by written consent in lieu of a meeting.

 

SECTION 8.02. Special Meetings. Except as otherwise required by law and subject to the rights, if any, of the holders of any outstanding series of Preferred Stock with respect to special meetings of the holders thereof, special meetings of the stockholders of the Corporation may be called only by the Board, the Chairman of the Board, the Chief Executive Officer or the president (in the absence of the Chief Executive Officer). Special meetings of the stockholders of the Corporation may not be called by the stockholders.

 

ARTICLE IX

 

SECTION 9.01. Forum for Adjudication of Disputes. Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for: (a) any derivative action or proceeding brought on behalf of the Corporation, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Corporation to the Corporation or the Corporation’s stockholders, (c) any action asserting a claim against the Corporation arising pursuant to any provision of the DGCL, this Certificate or the bylaws of the Corporation, or (d) any action asserting a claim governed by the internal affairs doctrine, except, in the case of clauses (a) through (d), for any claim as to which the Court of Chancery determines that there is an indispensable party not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction of the Court of Chancery within 10 days following such determination), any claim that is subject to the exclusive jurisdiction of a

 

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court or forum, other than the Court of Chancery, or any claim for which the Court of Chancery does not have subject matter jurisdiction. Any person or entity purchasing or otherwise acquiring any interest in shares of capital stock of the Corporation shall be deemed to have notice of and consented to the provisions of this Article IX.

 

ARTICLE X

 

SECTION 10.01. Amendments. The Corporation reserves the right to amend, alter, change or repeal any provision contained in this Certificate (including any rights, preferences or other designations of Preferred Stock), in the manner now or hereafter prescribed by this Certificate and the DGCL; and all rights, preferences and privileges herein conferred upon stockholders by and pursuant to this Certificate in its present form or as hereafter amended are granted subject to the right reserved in this Article X.

 

 

IN WITNESS WHEREOF, I, Scott D. Chaplin, a duly authorized officer of Vista Outdoor Inc., have executed this Certificate as of the 9th day of February, 2015.

 

 

	
 
    	
 /s/   Scott D. Chaplin
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:   Scott D. Chaplin
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Title:   Senior Vice President, General
   Counsel and Corporate Secretary
    	
 
    

 

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