SEC Contract Filing

Filing Date: 2022-08-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>aout-ex101_10.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-top:3pt;margin-bottom:0pt;margin-right:1.04%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;margin-left:5.81%;margin-right:5.62%;text-indent:0%;color:#221F1F;font-size:12pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">COOPERATION AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:1.25%;margin-right:1.04%;text-indent:7.5%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This COOPERATION AGREEMENT (this &#8220;<font style="font-weight:bold;">Agreement</font>&#8221;) is made and entered into as of August 7, 2022, by and among American Outdoor Brands, Inc., a Delaware corporation (the &#8220;<font style="font-weight:bold;">Company</font>&#8221;), and the entities and individuals set forth on the signatures pages hereto (collectively with each of their respective Affiliates, the &#8220;<font style="font-weight:bold;">Investor Group</font>&#8221;).</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.5%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, as of the date hereof, the Investor Group beneficially owns, in the aggregate, <font style="color:#000000;">636,867</font><font style="font-size:11pt;color:#000000;"> </font>shares of the Company&#8217;s common stock, par value $0.001 per share (the &#8220;<font style="font-weight:bold;">Common Stock</font>&#8221;); </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.5%;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:1.24%;margin-right:1.04%;text-indent:7.5%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, certain members of the Investor Group submitted a letter to the Company on June 24, 2022 (the &#8220;<font style="font-weight:bold;">Nomination Notice</font>&#8221;) nominating two director candidates to be elected to the Board of Directors of the Company (the &#8220;<font style="font-weight:bold;">Board</font>&#8221;) at the Company&#8217;s 2022 Annual Meeting of Stockholders (the &#8220;<font style="font-weight:bold;">2022 Annual Meeting</font>&#8221;); and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:1.25%;margin-right:1.04%;text-indent:7.5%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company and the Investor Group have determined to come to an agreement with respect to the Nomination Notice, certain matters relating to the composition of the Board and certain other matters, as provided in this Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:1.25%;margin-right:1.04%;text-indent:7.5%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows:</p>
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<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="font-weight:bold;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;">1.</font></p></td>
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<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><a name="1._Board_Composition_and_Related_Matters"></a><font style="Background-color:#auto;text-decoration:none;"></font><font style="text-decoration:underline;color:#000000;">Board Composition and Related Matters</font><font style="font-weight:normal;text-decoration:none;color:#000000;">.</font></p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:1.25%;margin-right:1.04%;text-indent:15%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><a name="(a)_Simultaneous_with_the_execution_and_"></a><a name="(e)_At_the_2021_Annual_Meeting,_the_Boar"></a><a name="(c)_Simultaneous_with_the_execution_and_"></a><a name="(g)_The_Board_will_not_utilize_committee"></a><a name="(h)_Until_the_Termination_Date,_the_Comp"></a><