SEC Contract Filing

Filing Date: 2018-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>dp87180_ex1003.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.3</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>Execution Version</U></B></FONT></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">VOTING
AGREEMENT</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">AGREEMENT
(this &ldquo;<B>Agreement</B>&rdquo;), dated as of February 24, 2018, between HRG Group, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and Leucadia National Corporation, a New York corporation (&ldquo;<B>Stockholder</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
in order to induce the Company and Spectrum Brands Holdings, Inc., a Delaware corporation (&ldquo;<B>Spectrum</B>&rdquo;) to enter
into an Agreement and Plan of Merger, dated as of the date hereof (the &ldquo;<B>Merger Agreemen</B>t&rdquo;) by and among the
Company, Spectrum, HRG SPV Sub I, Inc., a Delaware corporation, and HRG SPV Sub II, LLC, a Delaware limited liability company,
Stockholder has agreed to enter into this Agreement with respect to all shares of common stock, par value $0.01 per share, of
the Company that Stockholder beneficially owns (the &ldquo;<B>Shares</B>&rdquo;).</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
the parties hereto agree as follows:</FONT></P>

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<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
1</FONT><FONT STYLE="font-size: 10pt"><BR>
Voting</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.01<I>.
Voting</I>. Stockholder hereby agrees to vote or exercise its right to consent with respect to all Shares that Stockholder is
entitled to vote at the time of any vote or action by written consent to approve the Charter Amendment (as the components thereof
may be combined or separately required to be proposed or presented) and the Share Issuance and any actions related thereto at
any meeting of the stockholders of the Company (including any proposal to adjourn or postpone such meeting of the stockholders
of the Company to a later date), and at any adjournment or postponement thereof, at which any component of the Charter Amendment
or the Share Issuance, or such other actions related thereto, are submitted for the consideration and vote of the stockholders
of the Company. Stockholder hereby agrees that it will not vote any Shares in favor of, or consent to, and will vote against and
not consent to, the approval of any (i) Acquisition Proposal, (ii) reorganization, recapitalization, liquidation or winding-up
of the Company or any other extraordinary transaction involving the Company, (iii) action, proposal, transaction or agreement
that would reasonably be expected to result in a breach in any respect of any covenant, representation or warranty or any other
obligation or agreement of the Company contained in the Merger Agreement or Stockholder contained in this Agreement or (iv) action,
proposal, transaction or agreement, the consummation of which would frustrate the purposes, or prevent, delay or otherwise adversely
affect the consummation, of the Merger, the Charter Amendment, the Share Issuance or any of the other transactions contemplated
by the Merger Agreement. Notwithstanding anything herein to the contrary, this Section 1.01 shall not require Stockholder to vote
or consent (or cause to be voted or consented) any Shares to amend the Merger Agreement or take any action that could result in
the amendment or modification, or a waiver of a provision therein in any such case, in a manner that (i) reduces</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">the Halley Share Consolidation
Ratio or increases the Merger Consideration to be paid to the stockholders of Spectrum in the Merger, (ii) adversely affects the
tax consequences to Stockholder with respect to the consideration to be receive