SEC Contract Filing

Filing Date: 2022-04-08

Document Content:
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<TYPE>EX-10.6
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<FILENAME>d284834dex106.htm
<DESCRIPTION>EX-10.6
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<TITLE>EX-10.6</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.6 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STOCKHOLDER&#146;S AND REGISTRATION RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This STOCKHOLDER&#146;S AND REGISTRATION RIGHTS AGREEMENT, dated as of April&nbsp;4, 2022 (this &#147;<U>Agreemen</U>t&#148;), is by and
between ESAB Corporation, a Delaware corporation (&#147;<U>ESAB</U>&#148;), and Colfax Corporation (to be renamed Enovis Corporation), a Delaware corporation (&#147;<U>Enovis</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Enovis currently owns all of the issued and outstanding shares of common stock, par value $0.001 per share, of ESAB (&#147;<U>ESAB
Common Stock</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the Separation and Distribution Agreement, dated as of April&nbsp;4, 2022, by and between
Enovis and ESAB, Enovis will distribute 90% of the issued and outstanding shares of ESAB Common Stock to holders of shares of Enovis common stock, on a pro rata basis (the &#147;<U>Distribution</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Enovis intends for the Distribution to take place pursuant to a registration statement on Form&nbsp;10 (the &#147;<U>Distribution
Registration Statemen</U>t&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, following the Distribution, Enovis may effect distributions of any shares of ESAB Common
Stock that are not distributed in the Distribution (such shares not distributed in the Distribution, the &#147;<U>Retained Shares</U>&#148;) to Enovis stockholders as dividends or in exchange for outstanding shares of Enovis common stock or through
one or more subsequent exchanges of ESAB Common Stock for Enovis debt held by Enovis creditors, including pursuant to one or more transactions Registered under the Securities Act (as such terms are defined below); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, ESAB desires to grant to Enovis the Registration Rights (as defined below) for the Registrable Securities (as defined below), subject
to the terms and conditions of this Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Enovis desires to grant to ESAB a proxy to vote the Retained Shares in
proportion to the votes cast by ESAB&#146;s other stockholders, subject to the terms and conditions of this Agreement. </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 and the mutual promises, covenants and agreements of the parties hereto, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;I </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DEFINITIONS </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1
<U>Defined Terms</U>. As used in this Agreement, the following terms shall have the following meanings: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Action</U>&#148; means
any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any federal, state, local, foreign or international Governmental Authority or any arbitration or mediation tribunal. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; means, when used with respect to a specified Person, another
Person that controls, is controlled by, or is under common control with the Person specified; <U>provided</U>, <U>however</U>, that, for purposes of this Agreement, ESAB and its Subsidiaries shall not be considered to be &#147;Affiliates&#148; of
Enovis and its Subsidiaries (other than ESAB and its Subsidiaries), and Enovis and its Subsidiaries (other than ESAB and its Subsidiaries) shall not be considered to be &#147;Affiliates&#148; of ESAB or its Subsidiaries. As used herein,
&#147;<U>contro</U>l&#148; means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the ownership of voting securities or other interests, by contract
or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Agreemen</U>t&#148; has the meaning set forth in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ancillary Filings</U>&#148; has the meaning set forth in <U>Section</U