EXHIBIT 5
AMENDMENT NO. 2 TO SHAREHOLDERS AGREEMENT
This Amendment No. 2 to Shareholders Agreement (the "Amendment No. 2") is
made and entered into effective as of the 6th day of November, 1998, between and
among Recovery Equity Investors, L.P., a Delaware limited partnership (the
"Investor"), CMI Corporation, an Oklahoma corporation (the "Company"), Xxxxxx
Xxxxxxx Xxxxxxx, Xx., the Chairman of the Board and a shareholder of the Company
("Xxxx Xxxxxxx"), and each of the other individuals or entities whose names
appear on the signature pages hereto (Xxxx Xxxxxxx and each such other
individual or entity, individually, a "Shareholder" and collectively, the
"Shareholders").
WHEREAS, the parties hereto are parties to or otherwise bound by that
certain Shareholders Agreement, dated as of August 19, 1991 and as amended by
that certain Amendment No. 1 to Shareholders Agreement (collectively, the
"Shareholders Agreement").
WHEREAS, contemporaneously herewith, the Investor and the Company have
amended the terms of a certain Investment Agreement, dated as of August 19, 1991
(the "Investment Agreement"), through the execution and delivery of a certain
Amendment No. 1 to the Investment Agreement (the "Amendment"), a copy of which
Amendment is attached hereto as Exhibit "A"; and
WHEREAS, as a result of the amendment of the Investment Agreement, the
parties believe that it is necessary and desirable to further amend the
Shareholders Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual promises
herein made, the parties agree as follows:
1. Capitalized terms used herein and not otherwise defined herein shall
have their respective meanings as set forth in the Shareholders Agreement.
2. Each of the Shareholders hereby acknowledges the execution and
delivery of the Amendment and consents to the terms thereof. Each of the
Shareholders further agrees to vote all of the shares of Voting Class A Common
Stock, par value $.10, of the Company beneficially owned by him, her or it for
the election of any persons designated by the Investor in accordance with
Article IV of the Investment Agreement, as amended by the Amendment.
3. Notwithstanding anything to the contrary herein, with respect to the
number of shares of Voting Class A Common Stock beneficially owned by such
Shareholder prior to December 17, 1991, Xxxx Xxxx Xxxxxxx, Xxxxx Xxxxxxx XxXxxx,
Xxxxxx Xxx Xxxxxxx and Xxxx Xxxxx Xxxxxxx shall not be bound by the provisions
of this Amendment or the Shareholders Agreement.
4. Except as specifically provided herein, the terms and provisions of
the Shareholders Agreement, shall remain unchanged and in full force and effect.
This Amendment No. 2 may be executed in any number of counterparts, all of which
taken together shall constitute one and the same amendatory instrument, and any
of the parties hereto may execute this Amendment No. 2 by signing any such
counterpart. This Amendment No. 2 shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to principles
of conflicts of law.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2
to Shareholders Agreement to be effective as of the 6th day of November, 1998.
RECOVERY EQUITY INVESTORS, L.P., a Delaware limited
partnership
By: Recovery Equity Partners, L.P., its General Partner
By: /s/ Xxxxxx X. Xxxx-Xxxx
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Xxxxxx X. Xxxx-Xxxx, General Partner
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx, General Partner
CMI CORPORATION, an Oklahoma corporation
By: /s/ Xxx X. Xxxxxxx
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Xxx X. Xxxxxxx, Vice President
/s/ Xxxxxx Xxxxxxx Xxxxxxx, Xx.
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Xxxxxx Xxxxxxx Xxxxxxx, Xx. a/k/a Xxxx Xxxxxxx
a/k/a Xxxxxxx Xxxxxxx
2
/s/ Xxxxxx Xxxxxxx Xxxxxxx, Xx.
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Xxxxxx Xxxxxxx Xxxxxxx, Xx., as Trustee of the
Xxxxxx Xxxxxxx Xxxxxxx, Xx. Trust u/t/a 12/31/93
/s/ Xxxxxx Xxxxxxx Xxxxxxx, Xx.
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Xxxxxx Xxxxxxx Xxxxxxx, Xx., as Trustee of the
Xxxxxx Xxxxxxx Xxxxxxx, Xx. and Xxxxx Xxxxx Xxxxxxx
Charitable Remainder Unitrust u/t/a 12/22/94
/s/ Xxxxxx Xxxxxxx Xxxxx Xxxxxxx III
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Xxxxxx Xxxxxxx Xxxxx Xxxxxxx III
/s/ Thane Xxxxxxx Xxxxxxx
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Thane Xxxxxxx Xxxxxxx
/s/ Xxxx Xxxx Xxxxxxx
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Xxxx Xxxx Xxxxxxx
/s/ Xxxxx Xxxxxxx XxXxxx
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Xxxxx Xxxxxxx XxXxxx
/s/ Stuart Xxx Xxxxxxx
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Stuart Xxx Xxxxxxx
/s/ Lane Xxxxx Xxxxxxx
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Lane Xxxxx Xxxxxxx
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
3
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx XX
u/t/a 12/09/93 and not individually
0
/x/ Xxxx X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx XX
u/t/a 12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx XX
u/t/a 12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Megan Xxxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Megan Xxxxx Xxxxxxx u/t/a
12/09/93 and not individually
5
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Megan Xxxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxxx X. XxXxxx u/t/a
12/09/93 and not individually
6
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Thane Xxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Thane Xxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Thane Xxxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxxxx X. Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxxxxx XxXxxx u/t/a
12/09/93 and not individually
0
/x/ Xxxx X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxxxxx XxXxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxxxxx XxXxxx u/t/a
12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Hunter Xxxxxx Xxxxxxx
u/t/a 12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Hunter Xxxxxx Xxxxxxx
u/t/a 12/09/93 and not individually
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Hunter Xxxxxx Xxxxxxx
u/t/a 12/09/93 and not individually
/s/ Xxxxx X. Xxxxxxx
---------------------------------------------------
Xxxxx X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxx Xxxxxxx u/t/a
12/09/93 and not individually
/s/ Lane X. Xxxxxxx
---------------------------------------------------
Lane X. Xxxxxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxx Xxxxxxx u/t/a
12/09/93 and not individually
8
/s/ Xxxxx X. XxXxxx
---------------------------------------------------
Xxxxx X. XxXxxx, as Co-Trustee of the Xxxxxxx
Grandchildren's Trust FBO Xxxx Xxx Xxxxxxx u/t/a
12/09/93 and not individually
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