THIRD AMENDMENT TO STOCKHOLDERS’ AGREEMENT
THIRD AMENDMENT TO STOCKHOLDERS’ AGREEMENT
THIS THIRD AMENDMENT TO STOCKHOLDERS’ AGREEMENT, dated as of September 14, 2005 (this “Amendment”), by and among NationsRent Companies, Inc., a Delaware corporation (the “Company”), and the stockholders of the Company (the “Stockholders”) listed on the signature pages hereto, amends the Stockholders’ Agreement, dated as of June 13, 2003, as amended and in effect on the date hereof prior to giving effect to the Amendment (the “Agreement”), among the Company and the Stockholders party thereto. Capitalized terms not defined herein shall have the meaning set forth in the Agreement, as amended by the Amendment (the “Amended Agreement”).
WHEREAS, the parties to the Agreement have determined that it is in the best interest of the Company and its stockholders to amend the Agreement as set forth herein.
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants herein contained, the Agreement is hereby amended as follows:
ARTICLE I
AMENDMENT TO THE AGREEMENT
Section 1.1 Amendments to Section 7.2. Section 7.2 of the Agreement is hereby amended by deleting (i) of such Section in its entirety and replacing such (i) of Section 7.2 with the following:
“7.2 Information Requirement. The Company agrees that, until the completion of a Qualified Public Offering, (i) all Stockholders shall be furnished with: (a) all management letters of accountants of the Company and its Subsidiaries; (b) annually, within 120 days of the end of each fiscal year, an annual report, including audited financial statements and management’s discussion and analysis of the Company’s financial condition and results of operations (a “Management Report”); and (c) within 60 days after the end of the last calendar month of each fiscal year of the Company and within 30 days after the end of each other calendar month of the Company, unaudited financial statements, including a balance sheet and statement of income and of changes in cash flow as of the end of such period and for the period from the beginning of the current fiscal year to the end of such period, setting forth in comparative form the corresponding figures for the comparable period in the preceding fiscal year, and a Management Report, if at such time any senior lender(s) to the Company requires that monthly Management Reports be delivered to such senior lender(s); provided, that if such monthly financial information and/or Management Reports are not required by the senior lender(s), then such financial information and a Management Report shall be delivered quarterly, within 45 days of the end of each fiscal quarter, and (ii) each Original Common Stockholder, and each New Stockholder holding (together with its Affiliates) at least 1% of the outstanding shares of Common Stock, (an “Eligible Stockholder”) shall upon request be furnished with a copy of a summary annual budget of the Company and its Subsidiaries (including a projected balance sheet and projected statements of income and cash flows), promptly following approval thereof by the Board, and in any event not later than the first day of the fiscal year to which such budget relates; provided, that each such Stockholder shall execute and deliver to the Company a standard and customary confidentiality agreement in form and substance reasonably acceptable to the Company prior to receiving a copy of a summary annual budget. In addition to the written information to be provided by the Company pursuant to this Section 7.2, at least twice each fiscal year the Company shall host a stockholder conference call (the “Required Conference Calls”). Each Eligible Stockholder may participate in such Required Conference Call. The Company shall provide notice of such a Required Conference Call to Eligible Stockholders not less than ten (10) business days prior to the call. Furthermore, upon the request of any Eligible Stockholder, the Company also shall host additional stockholder conference calls (“Optional Conference Calls”); provided, that: (a) the Company shall not be required to host more than two (2) Required Conference Calls and two (2) Optional Conference Calls in any fiscal year, and (b) an Eligible Stockholder may not request an Optional Conference Call until at least sixty (60) days after the most recent Required Conference Call. The notice provisions applicable to Required Conference Calls shall apply to Optional Conference Calls. Notwithstanding anything to the contrary in this Agreement, for as long as the Liquidating Trust is in existence, the Liquidating Trust shall be deemed an Eligible Stockholder regardless of its percentage ownership of the outstanding shares of Common Stock.” |
ARTICLE II
MISCELLANEOUS
Section 2.1 Ratification; Effect of Amendment. Except as expressly amended hereby, all of the provisions of the Agreement shall remain unamended and in full force and effect to the same extent as if fully set forth herein. As of the effective date of this Amendment, the Agreement shall be amended as provided herein, and the Amended Agreement shall be binding on all parties thereto.
Section 2.2 Governing Law. This Amendment is to be governed by and construed in accordance with the laws of the State of Delaware applicable to agreements between Delaware residents entered into and to be performed entirely within Delaware.
Section 2.3 Separate Counterparts. This Amendment may be executed by the parties hereto in separate counterparts (including executed counterparts delivered and exchanged by facsimile transmission), each of which shall be deemed an original but all of which shall together constitute one and the same instrument.
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
THE COMPANY: NATIONSRENT COMPANIES, INC. By: /s/ Xxxxxx X. Xxxxxxxx Name: Xxxxxx X. Xxxxxxxx Title: Executive Vice President, General Counsel and Secretasry COMMON AND PREFERRED STOCKHOLDERS: AG RENTAL, L.L.C. By: AG Private Equity Partners II, LP By: AG Asset Manager Inc., its Manager By: /s/ Josh Brain Name: Josh Brain Title: Vice President and Assistant Secretary BAUPOST GROUP SECURITIES, LLC BAUPOST PRIVATE INVESTMENTS A-1, L.L.C. BAUPOST PRIVATE INVESTMENTS B-1, L.L.C. BAUPOST PRIVATE INVESTMENTS C-1, L.L.C. BAUPOST PRIVATE INVESTMENTS H-1, L.L.C. BAUPOST PRIVATE INVESTMENTS P-1, L.L.C. BAUPOST PRIVATE INVESTMENTS Y-1, L.L.C. BAUPOST PRIVATE INVESTMENTS BVI-1, L.L.C. BAUPOST PRIVATE INVESTMENTS BVII-1, L.L.C. BAUPOST PRIVATE INVESTMENTS BVIII-1, L.L.C. By: /s/ Xxxxxx X. Xxxxxxxxxx Name: Xxxxxx X. Xxxxxxxxxx Title: Managing Director BEAR, XXXXXXX & CO, INC. By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: Senior Managing Director CITIBANK, N.A. By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Vice President COPPER BEECH HOLDINGS LLC By: /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Vice President CYPRESSTREE INVESTMENT PARTNERS I, LTD. By: /s/ Xxxxxxx X. Xxxxxx, Xx. Name: Xxxxxxx X. Xxxxxx, Xx. Title: Managing Director FIRST ALL AMERICA FINANCIAL LIFE INS. CO. By: /s/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Assistant Vice President FIRST BANK By: /s/ Liz Van De Vanter Name: Liz Van De Vanter Title: Senior Vice President FIRST SOURCE LOAN OBLIGATIONS INSURED TRUST By: Orchard First Source Capital, Inc., its authorized agent By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Managing Director FSC CORP. By: /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Principal GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Duly Authorized Signatory GMAC COMMERCIAL FINANCE By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: CFO, GMAC CF NATIONSRENT LIQUIDATING TRUST By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxxx Title: Liquidating Trustee PHOENIX FUNDING I, LLC By: /s/ Xxxxxxx X. Xxxxxxx, Xx. Name: Xxxxxxx X. Xxxxxxx, Xx. Title: Manager RZB FINANCE LLC By: /s/ Xxxxxxxxx Xxxxx Name: Xxxxxxxxx Xxxxx Title: Group Vice President By: /s/ Xxxx X. Xxxxxxx Name: Xxxx X. Xxxxxxx Title: First Vice President CALDER & CO. Nominee for The Bank of Nova Scotia By: /s/ Xxx Xxxxxx Name: Xxx Xxxxxx Title: Director XXXXXXXXXX XXXXX By: /s/ Xxxxxxxxxx Xxxxx Name: Xxxxxxxxxx Xxxxx XXXXX X. XXXX By: /s/ Xxxxx X. Xxxx Name: Xxxxx X. Xxxx XXXXXX XXXXXXXXXX By: /s/ Xxxxxx Xxxxxxxxxx Name: Xxxxxx Xxxxxxxxxx XXXX X. XXXXXX By: /s/ Xxxx X. Xxxxxx Name: Xxxx X. Xxxxxx XXXXXXX X. XXXXXX By: /s/ Xxxxxxx X. Xxxxxx Name: Xxxxxxx X. Xxxxxx XXXXXX XXXXX By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx XXXXXX X. XXXXX By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx XXXXXX X. XXXXXXXX By: /s/ Xxxxxx X. Xxxxxxxx Name: Xxxxxx X. Xxxxxxxx XXXX X. XXXXXXX By: /s/ Xxxx X. Xxxxxxx Name: Xxxx X. Xxxxxxx XXXXXX XXXXXX By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx XXXX X. XXXXXX By: /s/ Xxxx X. Xxxxxx Name: Xxxx X. Xxxxxx XXXXXXXX XXXXXX By: /s/ Xxxxxxxx Xxxxxx, Xx. Name: Xxxxxxxx Xxxxxx, Xx. XXXXXX X. XXXXXX By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx XXXXX X. XXXX By: /s/ Xxxxx X. Xxxx Name: Xxxxx X. Xxxx XXXX X. XXXXXXXXX By: /s/ Xxxx X. Xxxxxxxxx Name: Xxxx X. Xxxxxxxxx XXXX X. XXXXXXX By: /s/ Xxxx X. Xxxxxxx Name: Xxxx X. Xxxxxxx XXXXXXX X. XXXXXX By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx X. Xxxxxx XXXXXXX XXXXXXX By: /s/ Xxxxxxx Xxxxxxx Name: Xxxxxxx Xxxxxxx XXXXXXX X. XXXXXXX By: /s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx XXXXXXX X. XXXXXXX, XX. By: /s/ Xxxxxxx X. Xxxxxxx, Xx. Name: Xxxxxxx X. Xxxxxxx, Xx. |
Exhibit A
AG Rental, L.L.C. 000 Xxxx Xxxxxx., 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Josh Brain Bear, Xxxxxxx & Co, Inc. 000 Xxxxxxx Xxxxxx 0xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxx Xxxxxx (Primary) Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxxxx@xxxx.xxx Copper Beech Holdings LLC 000 Xxxxxxx Xxxxx, 0xx Xxxxx Xxxxxxx, XX 00000 Attention: Xxxx X. Xxxxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxx.xxxxxxxx@xx.xxx First All America Financial Life Ins. Co. Investment Accounting Department 000 Xxxxxxx Xxxxxx Mail Station N262 Xxxxxxxxx, XX 00000 Attention: Xxxxx X. Xxxxx First Source Loan Obligations Insured Trust 0000 X. Xxxx Xx., Xxx 000 Xxxxxxx Xxxxxxx, XX 00000 Attention Xxxxxx X. Xxxxxx General Electric Capital Corporation 000 Xxxxxxx 0, 0xx Xxxxx Xxxxxxx, XX 00000 Attention: Xxxx X. Xxxxxxxx Nationsrent Unsecured Creditor's Liquidating Trust C/o Traxi LLC 000 Xxxx 00xx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxx Xxxxxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxxxxxxx@xxxxx.xxx RZB Finance LLC 0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention Xxxxxxxxxxx Xxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxxx@xxxxxxxxxx.xxx Xxxxxxxxxx Xxxxx 0000 Xxxxxxxxxxx Xxxx Xxxxxxxx, XX 00000 Xxxxxx Xxxxxxxxxx 000 Xxxxxxxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxxxx X. Xxxxxx 0000 Xxxxxxxxxx Xxxxx Xxxxxx, XX 00000 Xxxxxx Xxxxx 0000 XX 000xx Xxxxx Xxxxx Xxxxxxx, XX 00000 Xxxx X. Xxxxxxx 0000 Xxxxxxxxx Xxxxxx Xxxxxxxxx, XX 00000 Xxxx X. Xxxxxx 000 X.X. 00xx Xxx Xxxx Xxxxxxxxxx, XX 00000 Xxxxxx Xxxxxx 0000 Xxxxxxxxx Xxxxx Xxxx Xxxxxxxxxx, XX 00000 Xxxx X. Xxxxxxxxx 0000 Xxxxxxx Xxxxx Xxxxxxxx, XX 00000-0000 Xxxxxxx X. Xxxxxx 0000 X.X. 00xx Xx. Xxxxxxxxxx Xxxxx, XX 00000 Xxxxxxx X. Xxxxxxx 0000 Xxxx Xxxxxx Xxxxxxxxxx, XX 00000 |
Baupost Group Securities, LLC. 00 Xx. Xxxxx Xxxxxx Xxxxx 0000 Xxxxxx , XX 00000 Attention: Xxxxxx X. Xxxxxxxxxx Citibank, N.A. 000 Xxxxxxxxx Xx., 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxx Xxxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxx.xxxxxxx@xxxxxxxxx.xxx CypressTree Investment Partners I, Ltd. Xxx Xxxxxxxxxx Xxxx, 0xx Xxxxx Xxxxxx, XX 00000 Attention: Xxxxxxx X. Xxxxxx, Xx. Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: Xxxxxxx@xxxxxxx.xxx First Bank 00000 Xxxxxxxxxx Xxxxxx Xxxxxxxxxx Xxxxx, XX 00000 Attention: Liz Van De Vanter Telephone: (000) 000-0000 Facsimilie: (000) 000-0000 Email: xxx.xxxxxxxxxxx@xxxx.xxx FSC Corp. x/x Xxxx xx Xxxxxxx XX0-000-00-00 000 Xxxxx Xxxxxxxxx, XX 00000-0000 Attention: Xxxx X. Xxxxxxxx GMAC Commercial Finance 00000 Xxxx Xxxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Attention: Xxxxxx X. Xxxxxx Phoenix Funding I, LLC c/o NationsRent, Inc. 000 Xxxx Xxx Xxxx Xxxxxxxxx, 00xx Xxxxx Xxxx Xxxxxxxxxx, XX 00000 Attention: Xxxxxxx X. Xxxxxxx, Xx. Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxxxxx@xxxxxxxxxxx.xxx Calder & Co. Nominee for The Bank of Nova Scotia Xxx Xxxxxxx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Email: xxxxxx_xxxxxx@xxxxxxxxxxxxx.xxx Xxxxx Xxxx 0000 Xxx Xxxxxx Xxxxx Xxxx Xxxxxxxxxx, XX 00000 Xxxx Xxxxxx 0000 Xxxxxxxxx Xxxxx Xxxxxx, XX 00000 Xxxxxx Xxxxx 00 Xxxxxxxxxx Xxxx Xxxxxxxxx XX 00000 Xxxxxx Xxxxxxxx 0000 XX 000xx Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000 Xxxxxx Xxxxxx 00 Xxxxxxxxxx Xxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000 Xxxxxxxx Xxxxxx 000 XX 00xx Xxxx Xxxxx, XX 00000 Xxxxx X. Xxxx 00000 Xxxxxxx Xxxxxx, #0000 Xxxxx Xxxxx, XX 00000 Xxxx X. Xxxxxxx 0000 Xxxxxxx Xxxx Xxxxxxxx, XX 00000 Xxxxxxx Xxxxxxx 000 Xxxxxx Xxxx Xxxxxxxx, XX 00000 Xxxxxxx X. Xxxxxxx, Xx. 000 Xxxx Xxxxxx Xxxxxxxx, XX 00000 |