Montxxxxxx Xxxurities. By: ------------------------------------ Title: ---------------------------------
Montxxxxxx Xxxurities. By --------------------------------- Partner
Montxxxxxx Xxxurities. Morgxx Xxxnxxx & Xo. Incorporated................................. --------- Total............................................. 2,000,000 ========= 40 Exhibit A December , 1996 MERRXXX XXXCX & XO. Merrxxx Xxxch, Pierce, Fennxx & Xmitx Incorporated Montxxxxxx Xxxurities Morgxx Xxxnxxx & Xo. Incorporated as Representatives of the several Underwriters to be named in the within-mentioned Purchase Agreement c/o Xxxxxxx Xxxxx & Xx. Merrxxx Xxxch, Pierce, Fennxx & Xmitx Incorporated Merrxxx Xxxcx Xxxld Headquarters Nortx Xxxxx Xxxxx Xxxxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Xxdies and Gentlemen: The undersigned, the Chairman, President and Chief Executive Officers of The FINOVA Group Inc., a Delaware corporation (the "Company"), understands that Merrxxx Xxxcx & Xo., Merrxxx Xxxch, Pierce, Fennxx & Xmitx Xxxorporated ("Merrxxx Xxxcx"), Montxxxxxx Xxxurities and Morgxx Xxxnxxx & Xo. Incorporated propose to enter into a Purchase Agreement (the "Purchase Agreement") with the Company and FINOVA Finance Trust, a Delaware business trust (the "Trust"), providing for the public offering of Convertible Trust Originated Preferred Securities (the "Preferred Securities") of the Trust which will be convertible into the common stock, par value $.01 per share (the "Common Stock"), of the Company. In recognition of the benefits that such an offering will confer upon the undersigned as an officer and stockholder of the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agrees with each underwriter to be named in the Purchase Agreement that, during a period of 90 days from the date of the Purchase Agreement, the undersigned will not, in my individual capacity, without the prior written consent of Merrxxx Xxxcx, xxrectly or indirectly, (i) sell, offer to sell, grant any option for the sale of, or otherwise dispose of, any shares of Common Stock or any securities convertible into or exchangeable or exercisable for Common Stock, whether now owned or hereafter acquired by the undersigned or with respect to which the undersigned has or hereafter acquires the power of disposition, or (ii) enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or 41 indirectly, the economic consequence of ownership of the Common Stock, or any securities convertible into or exchangeable or exercisable for Common Stock, whether any such swap or transaction is to be set...
Montxxxxxx Xxxurities. Total......................................................... 1,350,000 202,500 ========= ======= 62 SCHEDULE B Number of Optional Number of Firm Shares Shares to Be Sold to Be Sold ---------- ----------- Intelligroup, Inc............................... 900,000 -- Selling Shareholders Ashox Xxxxxx.................................... 125,000 56,250 Rajkxxxx Xxxxxx................................. 125,000 56,250 Nagaxxxx Xxxxxxxxxxxx........................... 125,000 56,250 Summit Investors III, L.P....................... 3,750 1,687 Summit Ventures IV, L.P......................... 71,250 32,063 --------- ------- Total........................................... 1,350,000 202,500 ========= =======
Montxxxxxx Xxxurities. Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,000 ========== SCHEDULE II SELLING SHAREHOLDERS
Montxxxxxx Xxxurities. Morgxx Xxxnxxx & Xo. Incorporated................................................. Smitx Xxxxxx Xxx.................................................................. Credit Lyonnais Securities (USA) Inc.............................................. [ALEX. BROWX & XONS INCORPORATED..................................................
Montxxxxxx Xxxurities. Wessxxx, Xxxxxx & Xendxxxxx, X.L.C.,........... _______ ____________ Total ........................ 632,064 ============ SCHEDULE B Maximum Number of Number of Firm Option Shares Shares to be Sold to be Sold ----------- ---------- Selling Stockholders: -------------------- Management Selling Stockholders: Michxxx X. Xxxxxx .................. 363,563 36,356 Gregxxx X. Xxxxx ................... 103,504 10,350 Danixx X. Xxxx ..................... 21,955 2,196 Mary X. Xxxxxxx .................... 10,978 1,098 MPK Plan Selling Stockholder: Paul X. Xxxxx ...................... 6,251 Danixx X. Xxxxxx ................... 5,909 [List remaining MPK Plan Participants] _______ ________ Total ................................. 632,064 50,000 ======= ======== 40 42 SCHEDULE C Comfort Letter of Coopers & Lybrxxx X.X.P.
Montxxxxxx Xxxurities. Cowex & Xompany . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 437,500
Montxxxxxx Xxxurities. By: /s/ Wilsxx X. Xxxxxxx ------------------------------------ Wilsxx X. Xxxxxxx, Xxnaging Director EXHIBIT A Calculation of Advanced Funds
Montxxxxxx Xxxurities. Total 4,000,000 =========
