SEC Contract Filing

Filing Date: 2018-09-13

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a18-30019_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<a name="Exhibit10_1_114224"></a></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;">NOMINATION AND STANDSTILL 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 Nomination and Standstill Agreement, dated September&nbsp;12, 2018 (this &#147;Agreement&#148;), is by and among the persons and entities listed on Schedule A hereto (collectively, the &#147;Ancora Group&#148; or the &#147;Investors&#148;, and individually a &#147;member&#148; of the Ancora Group) and Hill International,&nbsp;Inc. (the &#147;Company&#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;">In consideration of and reliance upon the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Board Matters</u>.</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company agrees that following the execution of this Agreement, the Company will appoint James Chadwick (&#147;Nominee&#148;) as an observer to the Board until the 2018 annual meeting of stockholders (the &#147;2018 Annual Meeting&#148;). Accordingly, with respect to meetings of the full Board, if any, prior to the 2018 Annual Meeting (whether by telephone or in-person), Nominee will (i)&nbsp;receive copies of all notices and written information furnished to the full Board, simultaneously with the distribution of such notices and written information to the full Board to the extent practicable, and (ii)&nbsp;be permitted to be present at all meetings of the full Board (whether by telephone or in person). Notwithstanding the foregoing, the Company shall be entitled to withhold any information and exclude Nominee from any meeting, or any portion thereof, as is reasonably determined by the Company to be necessary to protect the Company&#146;s attorney-client privilege, or as otherwise may be appropriate.</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Prior to the 2018 Annual Meeting, the Board will nominate Nominee to serve as a member of the Board and will include Nominee (or any Replacement pursuant to Section&nbsp;1(i)) in the Company&#146;s director slate for the 2018 Annual Meeting and shall, if necessary, take action to increase the size of the Board by one member effective as of the date of the 2018 Annual Meeting, provided that Nominee (or any Replacement pursuant to Section&nbsp;1(i)) agrees to provide to the Company, prior to nomination and appointment and on an ongoing basis while Nominee (or any Replacement pursuant to Section&nbsp;1(i)) is serving as a member of the Board, such information and materials as the Company routinely receives from other members of the Board or as is required to be disclosed in proxy statements under applicable law or as is otherwise reasonably requested by the Company from time to time from members of the Board in connection with the Company&#146;s legal, regulatory, auditor or stock exchange requirements, completed D&amp;O Questionnaires in the form separately provided to Nominee (or any Replacement pursuant to Section&nbsp;1(i)), consents to be named in the Company&#146;s proxy statement and to serve on the Board if elected (the &#147;Nomination Documents&#148;).</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font