Exhibit 10.3

 

Termination of Shareholder Rights Agreement

 

This Termination Agreement (this “Agreement”) is entered into this 15th day of
September 2007 by and among Accuride Corporation, a Delaware corporation
(“Accuride”), Hubcap Acquisition L.L.C., a Delaware limited liability company
(“Hubcap”), and the following parties which shall be collectively referred to as
the “Trimaran Parties”:  Trimaran Capital, L.L.C., Trimaran Fund II, L.L.C.,
Trimaran Parallel Fund II, L.P., CIBC Employee Private Equity Fund (Trimaran)
Partners, and CIBC Capital Corporation.  Each of the parties listed above may be
referred to as a “Party” and collectively as the “Parties.”

 

WHEREAS, Accuride and certain of its Stockholders, including Hubcap and the
Trimaran Parties, entered into that certain Shareholder Rights Agreement (the
“Rights Agreement”), dated January 31, 2005;

 

WHEREAS, Hubcap has liquidated its ownership of Accuride common stock and is no
longer a shareholder of Accuride;

 

WHEREAS, the majority of Stockholders under the Rights Agreement have liquidated
their ownership of Accuride common stock pursuant to transactions permitted
under the Rights Agreement;

 

WHEREAS, the Rights Agreement provides that it may be terminated only with the
prior written consent of Accuride, the KKR Parties owning a majority of the
Common Stock and Convertible Securities held by the KKR Parties, and the
Trimaran Parties holding a majority of the Common Stock and Convertible
Securities held by the Trimaran Parties; and

 

WHEREAS, Accuride, Hubcap and the Trimaran Parties now wish to terminate the
Rights Agreement:

 

Agreement

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

1.             The Recitals set forth above are incorporated herein and made a
part of this Amendment.

 

2.             Capitalized terms not otherwise defined in this Agreement shall
have the meaning provided in the Rights Agreement.

 

3.             The Parties agree that the Rights Agreement is hereby terminated
and of no further effect.

 

4.             This Agreement may be executed in one or more counterparts, each
of which will be deemed an original, but all of which constitute but one and the
same instrument.

 

 

In Witness Whereof, the parties have caused their authorized agents to execute
this Agreement on this day, October 31, 2002.

 

 

Accuride Corporation

 

 

 

 

By:

      /s/ Terrence J. Keating     

 

 

 

 

Title:

 

 

 

 

 

Hubcap Acquisition L.L.C.

 

 

 

 

By:

     /s/ James H. Greene, Jr.     

 

 

 

 

Title:

     President

 

 

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Trimaran Capital, L.L.C.

 

 

 

 

By:

     /s/ Jay Bloom     

 

 

 

 

Title:

     Managing Member     

 

 

 

 

Trimaran Fund II, L.L.C.

 

 

 

 

By:

     /s/ Jay Bloom     

 

 

 

 

Title:

     Managing Member     

 

 

 

 

Trimaran Parallel Fund II, L.P.

 

 

 

 

By:

     /s/ Jay Bloom     

 

 

 

 

Title:

     Managing Member     

 

 

 

 

CIBC Employee Private Equity Fund (Trimaran) Partners

 

 

 

 

By:

     /s/ Jay Bloom     

 

 

 

 

Title:

     Member

 

 

 

 

CIBC Capital Corporation

 

 

 

 

By:

     /s/ Jay Bloom     

 

 

 

 

Title:

     Member

 

 

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