SEC Contract Filing

Filing Date: 2023-06-06

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d499739dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COOPERATION
AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This COOPERATION AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made and entered into as of June&nbsp;5, 2023, by and
among Quotient Technology Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;) and the persons set forth on <U>Exhibit A</U> hereto (collectively, the &#147;<U>Engaged Group</U>&#148; and, for clarity, as applicable, including each member
thereof acting individually). The Company and the Engaged Group are each herein referred to as a &#147;<U>Party</U>&#148; and collectively, the &#147;<U>Parties</U>.&#148; Capitalized terms used herein and not otherwise defined have the meanings
ascribed to them in <U>Section</U><U></U><U>&nbsp;12</U> below. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, on November&nbsp;17, 2021, the Engaged Group filed a Schedule 13D with the SEC, which was subsequently amended on January&nbsp;10,
2022, January&nbsp;18, 2022, March&nbsp;1, 2022, May&nbsp;17, 2022 and November&nbsp;14, 2022 (as amended, the &#147;<U>Schedule 13D</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Engaged Group entered into a Cooperation Agreement on May&nbsp;16, 2022 (the &#147;<U>Prior Agreement</U>&#148;),
pursuant to which the Parties made certain agreements with respect to the composition of the Board of Directors of the Company (the &#147;<U>Board</U>&#148;) and certain other matters as set forth in the Prior Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Prior Agreement generally expired by its terms on March&nbsp;1, 2023; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Engaged Group have determined to come to an agreement with respect to the composition of the Board and certain
other matters, as provided in this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1. <U>Board and Related Matters</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Annual Meeting</U>. The Company&#146;s 2023 annual meeting of stockholders (the &#147;<U>2023 Annual Meeting</U>&#148;) shall be held
no later than August&nbsp;3, 2023. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) <U>Board Size and Composition</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) The number of authorized directors on the Board shall be reduced to seven (7)&nbsp;directors effective as of the 2023 Annual Meeting and
thereafter shall not be further increased prior to the Termination Date (as defined below) without the Engaged Group&#146;s prior written consent. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) The Company shall, with respect to the 2023 Annual Meeting, (A)&nbsp;include Joseph
Reece, Michael Wargotz, Matthew Krepsik, Robert McDonald, Tracey Figurelli and Kate Vanek in its proxy statement and proxy card as director nominees of the Board (the &#147;<U>Company Slate</U>&#148;), (B) take all necessary and appropriate action
to cause the election of the Company Slate, including recommending that the Company&#146;s stockholders vote in favor of the election of the Company Slate to the Board and soliciting proxies in favor of the election of the Company Slate to the
Board, and (C)&nbsp;otherwise supporting the election of the Company Slate to the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) The Company agrees that the Board and all
applicable committees of the Board shall take all actions reasonably necessary, effective no later than immediately prior to the execution of this Agreement, to determine, in connection with their initial election as a director, that each of Tra