Document:

Form of Amendment to Restricted Stock Unit Award Agreement

 Exhibit 10.14 
 AMENDMENT TO 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

This Amendment (this “Amendment”) is made and entered into as of
                    , by and among Florida East Coast Railway Corp. (f/k/a FECR Rail Corp.), a Delaware corporation (“FECR”),
Florida East Coast Railway L.L.C., a Florida limited liability company (the “Railway LLC”), Florida East Coast Holdings Corp., a Florida corporation (“Holdings”), and
                     (the “Grantee”). 
 WHEREAS, FECR, the Railway LLC and the Grantee have entered into that certain Restricted Stock Unit Award Agreement, dated as of
                     (the “RSU Agreement”); 
 WHEREAS, pursuant to the RSU Agreement, the Grantee is entitled to receive shares of common stock, par value $0.01, of FECR upon the vesting of the restricted stock units granted under the RSU Agreement,
subject to certain conditions; 
 WHEREAS, capitalized terms used but not otherwise defined in this Amendment shall have the
meaning ascribed to them in the RSU Agreement; and 
 WHEREAS, the parties desire to amend the RSU Agreement as set forth
herein. 
 NOW, THEREFORE, in light of the foregoing and other good and valuable consideration, the sufficiency of which is
hereby acknowledged, the parties hereby agree as follows: 
  

	1.	The first paragraph of the RSU Agreement is hereby deleted in its entirety and replaced with the following: 

“This Restricted Stock Unit Award Agreement (this “RSU Agreement”), is entered into as of
                    , by and among Florida East Coast Railway Corp. (f/k/a FECR Rail Corp.), a Delaware corporation (“FECR”),
Florida East Coast Railway L.L.C., a Florida limited liability company (the “Railway LLC”), Florida East Coast Holdings Corp., a Florida corporation (the “Company”), and
                     (the “Grantee”). Capitalized terms not defined herein where they first occur shall have the meaning
ascribed to them in the last Section hereof.” 
  

	2.	Section 1 of the RSU Agreement is hereby deleted in its entirety and replaced with the following: 

“Grant of Restricted Stock Units. The Company hereby grants to the Grantee
                     restricted stock units (the “RSUs”) with respect to shares of the common stock, par value $0.01, of the
Company (“FECR Shares”), subject to all of the terms and conditions of this RSU Agreement.” 

	3.	Section 3(b) of the RSU Agreement is hereby amended by deleting the words “Company or Railway LLC” and replacing them with the words “Company,
Railway LLC or a subsidiary or affiliate”. 

  

	4.	Section 5 of the RSU Agreement is hereby amended by adding the term “AS AMENDED FROM TIME TO TIME,” immediately prior to the word “BETWEEN”.

  

	5.	The first sentence of the second paragraph of Section 6(c) of the RSU Agreement is hereby deleted in its entirety and replaced with the following:

 “In addition to the foregoing, Executive acknowledges certain management and employee sharing arrangements
between the Company and its subsidiaries and an affiliate of the Company, RailAmerica, Inc. and/or its subsidiaries, and that Executive may from time-to-time be privy to certain confidential information of such subsidiaries, affiliate and/or its
subsidiaries.” 
  

	6.	Section 9 of the RSU Agreement is hereby amended by deleting the second sentence thereof in its entirety and replacing it with the following:

 “Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code, the Grantee shall not be considered to have separated from service for purposes of this RSU Agreement and no payment shall be due to the Grantee under this RSU Agreement
on account of a separation from service until the Grantee would be considered to have incurred a “separation from service” within the meaning of Section 409A of the Code.” 

 

	7.	Except as otherwise provided in Section 7 of this Amendment, references to the “Company” in the RSU Agreement shall be deemed to refer to Holdings.

  

	8.	Notwithstanding Section 6 of this Amendment, the reference to the “Company” in Section 19(g) of the RSU Agreement shall be deemed to refer to FECR.

  

	9.	Section 19(i) of the RSU Agreement is hereby amended by inserting the term “FECR,” immediately following the term “the Company,” in each place
it appears. 

  

	10.	For the avoidance of doubt, references to the “Company and its affiliates” and other similar terms in the RSU Agreement shall also include subsidiaries of the
“Company”. 

  
 2 

	11.	For the avoidance of doubt, the parties hereby agree that Section 8 of the RSU Agreement requires that, in the event that FECR Shares or FECR Holding LLC
Interests, as applicable, are withheld in respect of applicable withholding taxes, the number of such FECR Shares or FECR Holding LLC Interests so withheld shall not exceed the amount necessary to satisfy the required tax withholding obligations
using the minimum statutory withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income. 

 

	12.	This Amendment may not be amended, modified or terminated nor any provision hereof waived except by an instrument in writing among the parties.

  

	13.	This Amendment, together with the RSU Agreement contains the entire agreement among the parties concerning the subject matter hereof and supersedes and nullifies all
prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, among the parties with respect to the subject matter hereof. Except as modified by the foregoing provisions of this Amendment, the RSU Agreement
shall remain in full force in accordance with its terms. 

  

	14.	This Amendment shall be governed by and interpreted under the laws of the State of Delaware. 

[Signatures to appear on the following page] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date
first set forth above. 
  

			
	FLORIDA EAST COAST RAILWAY CORP.
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	FLORIDA EAST COAST RAILWAY L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	FLORIDA EAST COAST HOLDINGS CORP.
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	GRANTEEEX 4.1 Sixth supplemental indenture 11.75% Notes

SIXTH SUPPLEMENTAL INDENTURE

SIXTH SUPPLEMENTAL INDENTURE (this “Sixth Supplemental Indenture”) dated as of April 9, 2011, among American Autogard LLC (the “New Guarantor”), an indirect subsidiary of RBS GLOBAL, INC. (or its successor), a Delaware corporation (the “Company”), the Company, REXNORD LLC, a Delaware limited liability company, f/k/a REXNORD CORPORATION, a Delaware corporation (“Rexnord” and, together with the Company, the “Issuers”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee under the indenture referred to below (the “Trustee”).

W I T N E S S E T H :

WHEREAS the Issuers and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the “Indenture”) dated as of July 21, 2006, providing for the issuance of the Issuers' 113⁄4% Senior Subordinated Notes due 2016 (the “Securities”), initially in the aggregate principal amount of $300,000,000;

WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the Issuers are required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all the Issuers' Obligations under the Securities and the Indenture pursuant to a Guarantee on the terms and conditions set forth herein; 

WHEREAS, for purposes of clarification, after the date of this Sixth Supplemental Indenture, the Guarantors under the Indenture will be the following entities:  The Falk Service Corporation, Prager Incorporated, PT Components, Inc., RBS Acquisition Corporation, RBS China Holdings, L.L.C., Rexnord Industries, LLC, Rexnord International Inc., Rexnord-Zurn Holdings, Inc. (formerly Jacuzzi Brands, Inc.), OEI, Inc., OEP, Inc., Krikles, Inc., Zurco, Inc., Zurn International, Inc. (formerly Zurn (Cayman Islands), Inc.), Zurn Pex, Inc., Environmental Energy Company, HL Capital Corp., Sanitary-Dash Manufacturing Co., Inc., Zurn Industries, LLC, GA Industries Holdings, LLC, GA Industries, LLC, Rodney Hunt Company, Inc., and American Autogard LLC; and

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Sixth Supplemental Indenture;

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, the Issuers and the Trustee mutually covenant and agree for the equal and ratable benefit of each other and the holders of the Securities as follows:

1.             Defined Terms.  As used in this Sixth Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in this Guarantee shall refer to the term “Holders” as defined in the Indenture and the Trustee acting on behalf of and for the benefit of such Holders.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Sixth Supplemental Indenture refer to this Sixth Supplemental Indenture as a whole and not to any particular section hereof.

2.             Agreement to Guarantee.  The New Guarantor hereby agrees, jointly and severally with all existing Guarantors, to unconditionally guarantee the Issuers' Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Articles 11 and 12 of 

the Indenture and to be bound by all other applicable provisions of the Indenture and the Securities and to perform all of the obligations and agreements of a Guarantor under the Indenture. 

3.             Notices.  All notices or other communications to the New Guarantor shall be given as provided in Section 13.02 of the Indenture.

4.             Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Sixth Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.

5.             Governing Law.  THIS SIXTH SUPPLEMENTAL INDENTURE 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.

6.             Trustee Makes No Representation.  The Trustee makes no representation as to the validity or sufficiency of this Sixth Supplemental Indenture.

7.             Counterparts.  The parties may sign any number of copies of this Sixth Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

8.             Effect of Headings.  The Section headings herein are for convenience only and shall not effect the construction thereof.

[SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed as of the date first above written.

	
			
	 
	American Autogard LLC

	 
	By:
	  /s/ Patricia M. Whaley 

	 
	 
	Name: Patricia M. Whaley

	 
	 
	Title: Vice President, General Counsel & Secretary

	 
	 
	 

	 
	RBS GLOBAL, INC.

	 
	By:
	  /s/ Patricia M. Whaley 

	 
	 
	Name: Patricia M. Whaley

	 
	 
	Title: Vice President, General Counsel & Secretary

	 
	 
	 

	 
	REXNORD LLC

	 
	By:
	  /s/ Patricia M. Whaley 

	 
	 
	Name: Patricia M. Whaley

	 
	 
	Title: Vice President,  General Counsel & Secretary

	 
	 
	 

	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE

	 
	By:
	  /s/ Gregory S. Clarke 

	 
	 
	Name: Gregory S. Clarke

	 
	 
	Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}]]