SEC Contract Filing

Filing Date: 2016-04-07

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>a16-7905_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TENDER AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Tender Agreement (this &#147;<u>Agreement</u>&#148;), is dated as of April 6, 2016, by and among Handy &amp; Harman Ltd., a Delaware corporation (&#147;<u>Parent</u>&#148;), Handy &amp; Harman Group Ltd., a Delaware corporation and a wholly owned Subsidiary of Parent (&#147;<u>AcquisitionCo</u>&#148;), SLI Acquisition Co., a Delaware corporation and a wholly owned subsidiary of AcquisitionCo (&#147;<u>Merger Sub</u>&#148;), SL Industries, Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;), and DGT Holdings Corp., a New York corporation (the &#147;<u>Stockholder</u>&#148;).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Parent, AcquisitionCo, Merger Sub and the Company are entering into an Agreement and Plan of Merger, dated as of the date hereof (as it may be amended from time to time in accordance with its terms, the &#147;<u>Merger Agreement</u>&#148;), providing for, among other things, Merger Sub to commence a tender offer (the &#147;Offer&#148;) to acquire all of the outstanding shares of common stock, par value $0.20 per share, of the Company (the &#147;<u>Common Stock</u>&#148;) followed by the subsequent merger of Merger Sub with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of AcquisitionCo (the &#147;<u>Merger</u>&#148;), upon the terms and subject to the conditions set forth therein (capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Merger Agreement);</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, as of the date hereof, the Stockholder is the direct and beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the &#147;<u>Exchange Act</u>&#148;)) of the number of issued shares of Common Stock set forth on <u>Schedule A</u> hereto (such shares of Common Stock, together with any other shares of Common Stock as to which the Stockholder acquires beneficial ownership after the date hereof and prior to the earlier of the Acceptance Time and the termination of all of the Stockholder&#146;s obligations under this Agreement, including any shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any warrants or options, or the conversion of any convertible securities or otherwise, being collectively referred to herein as the &#147;<u>Owned Shares</u>&#148;); and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, as a condition to the willingness of Parent, AcquisitionCo, Merger Sub and the Company (the &#147;<u>Merger Agreement Parties</u>&#148;) to enter into and perform their obligations under the Merger Agreement, the Merger Agreement Parties require that the Stockholder agrees, and the Stockholder has agreed, while this Agreement is in effect, to tender in the Offer (and not withdraw) all of the Owned Shares;</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration given to each party hereto, the receipt of which is hereby acknowledged, the parties agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Agreement to Tender.</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Stockholder hereby agrees, while this Agreement is in effect, that Stockholder shall tender into the Offer all of the Owned Shares, free and clear of all Liens. If the Stockholder acquires beneficial ownership of any additional Owned Shares after the date