Document:

exv4w2

EXHIBIT 4.2

STOCK POSITION MANAGEMENT AGREEMENT

     THIS
STOCK POSITION MANAGEMENT AGREEMENT, dated as of the ___ day of October, 2008 (this
“Agreement”), is made by and between The Ensign Group, Inc., a Delaware
corporation (the “Ensign”) and Terri M. Christensen, an individual (the
“Shareholder”) with reference to the following facts and intentions:

WITNESSETH:

     A. Concurrently with the execution of this Agreement, Shareholder has received approximately
1,854,500 shares of Ensign Common Stock (the “Shares”) from The Christensen Family Trust
dated 10/24/05 (the “Trust”), making Shareholder the owner of approximately 9.2% of the outstanding
shares of Ensign’s common stock as of the date hereof.

     B. Shareholder and Ensign mutually desire to set forth certain agreements with respect to the
disposition of the Shares into the marketplace.

     NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be
legally bound hereby, agree as follows:

TERMS AND CONDITIONS:

     1. Term. The term of this Agreement shall be for two (2) years from the date of this
Agreement, at the conclusion of which it shall automatically, and without further notice from
either party, expire.

     2. Volume Control.

          a. Sales of Small Lots. Ensign agrees that Shareholder may sell, at her sole
discretion, lots of Shares not exceeding Two Thousand Five Hundred (2,500) Shares per trading day
at any time and by any lawful method.

          b. Sales of Large Lots. Ensign and Shareholder acknowledge that uncontrolled sales of
large lots of Ensign shares are not in the best interests of Shareholder or Ensign. In the event
Shareholder intends to sell more than Two Thousand Five Hundred (2,500) Shares (a “Large Lot”) in a
single transaction or order, Shareholder and Ensign accordingly agree that Shareholder will not (i)
sell during any single trading day more than twenty percent (20%) of the 50-day average daily
trading volume for Ensign shares as published by NASDAQ.com (the “Average Daily Trading Volume”),
or (ii) sell during any thirty (30) day period more than a combined total of one hundred fifty
percent (150%) of the Average Daily Trading Volume. In all events, when selling a Large Lot
Shareholder agrees to sell only through the block trading desk of a brokerage firm which makes a
market in Ensign shares or through a brokerage firm designated by Ensign.

     2. Secondary Offering; Co-Sale Right. As additional consideration for Shareholder’s
covenants in Section 1 and elsewhere in this Agreement, in the event that any of Ensign’s
executives individually holding five percent (5%) or more of Ensign’s outstanding shares (either
individually or through entities controlled by any of them) are hereafter scheduled to participate
as selling stockholders in a secondary public offering pursuant to a registration statement filed
by Ensign (a “Secondary Offering”), Ensign will notify Shareholder of such

1

 

Secondary Offering prior to its completion and shall offer to allow Shareholder to
participate, on a pro-rata basis relative to the other Secondary Offering participants, in such
Secondary Offering.

          3. Miscellaneous.

          A. Parties in Interest. This Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective heirs, successors and assigns.

          B. Severability. In the event any covenant, term, condition or provision of this
Agreement shall be deemed by a court of competent jurisdiction to be illegal, void or against
public policy, such provision shall be severed from this Agreement and the remaining terms,
conditions and provisions hereof shall remain in full force and effect to the extent permitted by
law.

          C. Construction. This Agreement has been negotiated by the parties and both are
responsible for its drafting. The parties mutually agree that this Agreement shall be construed
neither for nor against either party, but in accordance with the plain language and intent hereof.

          D. No Unintended Beneficiaries. This Agreement is solely between the parties hereto,
and shall not create any right or benefit in any third party, including without limitation any
creditor, agent, contractor, employee or affiliate of Ensign or Shareholder.

          E. Integration and Amendment. This Agreement constitutes the entire agreement of the
parties with respect to the subject matter hereof, and supersedes any and all prior oral or written
agreements between the parties with respect to the subject matter hereof. No modification or
amendment hereto shall be valid or binding upon either party unless such amendment or modification
is in writing and duly executed by the parties.

          F. Counterparts. This Agreement may be executed by the parties hereto in separate
counterparts or by facsimile, each of which when so executed and delivered shall be an original,
and all of which together shall constitute one and the same instrument.

          G. Governing Law. This Agreement and the rights and obligations of the parties
hereunder shall be governed by, and construed in accordance with, the laws of the State of Delaware
as applied to contracts made and performed entirely in such state.

     In Witness Whereof, the parties hereto have duly executed and delivered this
Agreement as of the date first written above.

	 	 	 	 	 	 
	Ensign:
	 	Shareholder:	 
	 
	The Ensign Group, Inc.,
a Delaware corporation 

 	 	 	 
	By:  	 	 	 	 
	 	Gregory K. Stapley 	 	Terri M. Christensen, Individually	 
	 	Vice President & General Counsel 	 	 	 
	 

2exhibit101.htm

     

      
        

      

    

     

    
      Exhibit
10.1

      
 

      MDU
Resources Group, Inc.

      2009
NEO Annual Award Opportunity Chart

       

      
        
          
            
              
                	
                        Name

                      	
                        Title

                      	
                        1/1/2009

                        Base

                        Compensation ($)

                      	
                        Threshold ($)

                      	
                        Target ($)

                      	
                        Maximum ($)

                      
	 
      	 
      	 
      	 
      	 
      	 
      
	
                        Terry
      D. Hildestad

                      	
                        President
      and Chief Executive Officer

                        MDU
      Resources Group, Inc.

                      	
                        750,000

                         

                      	
                        187,500

                      	
                        750,000

                      	
                        1,500,000

                      
	 	 	 	 	 	 
	
                        Vernon
      A. Raile

                      	
                        Executive
      Vice President, Treasurer

                         and
      Chief Financial Officer

                        MDU
      Resources Group, Inc.

                      	
                        450,000

                      	
                        73,125

                      	
                        292,500

                      	
                        585,000

                      
	 	 	 	 	 	 
	
                        John
      G. Harp

                      	
                        President
      and Chief Executive Officer

                        MDU
      Construction Services Group, Inc.

                      	
                        450,000

                      	
                        73,125

                      	
                        292,500

                      	
                        585,000

                      
	 	 	 	 	 	 
	
                        William
      E. Schneider

                      	
                        President
      and Chief Executive Officer

                        Knife
      River Corporation

                      	
                        447,400

                      	
                        72,703

                      	
                        290,810

                      	
                        581,620

                      
	 	 	 	 	 	 
	
                        Paul
      K. Sandness

                      	
                        General
      Counsel and Secretary

                        MDU
      Resources Group, Inc.

                      	
                        334,000

                      	
                        41,750

                      	
                        167,000

                      	
                        334,000ex101to8k06113_02132009.htm

    Exhibit
10.1

    

    

    February
13, 2009

    

    Dieter
Esch

    

    Brad
Krassner

    

    Wilhelmina
International Ltd.

    

    Wilhelmina
Acquisition Corp.

    

    Wilhelmina
Film & TV Productions LLC

    

    Wilhelmina
Licensing LLC

    

    Wilhelmina
Artist Management LLC

    

    Wilhelmina
- Miami, Inc.

    

    Stockholders
of Wilhelmina – Miami, Inc.

    

    Lorex
Investment AG

    

    Krassner
Family Investments Limited Partnership

    

    Sean
Patterson

    

    Re:           Agreement
Regarding Calculation of WAM EBITDA and Wilhelmina Miami EBITA

    

     

    Gentlemen:

    

    Reference
is made to the Agreement, dated as of August 25, 2008 (the “Agreement”), by and
among New Century Equity Holdings Corp., Wilhelmina Acquisition Corp.,
Wilhelmina International Ltd. and its affiliates and, inter alia, the
undersigned (together, the “Parties”).  Capitalized terms used herein
and not otherwise defined herein shall have the meanings ascribed to such terms
in the Agreement.

    

    The
Parties hereby agree that, effective as of the date hereof, the Agreement is
hereby amended as follows:

    

    
      	
              (a)

            	
              All
      references in Section 2.8(a)(i) and Section 2.8(b)(i) to the “third
      anniversary of the Closing Date” shall be changed to  “December
      31, 2012”.

            

    

    

    
      	
              (b)

            	
              All
      references in Section 2.8(a)(ii), Section 2.8(b)(ii) and Section 2.8(c)
      (which contains 2 such references) to “the Closing Date, the first
      anniversary of the Closing and the second anniversary of the Closing Date”
      shall be changed to “January 1, 2009, January 1, 2010 and January 1,
      2011”.

            

    

    

    
      	
              (c)

            	
              The
      definition of “Closing Net Asset Adjustment” shall be modified to include,
      at the end of the first sentence thereof (i.e., following “minus (e) the Term Loan
      Amount”): “minus
      (f) Pre-Closing 2009 WAM/Miami Cash”.  The parties understand
      and agree that illustrative Schedule 1.33 does not include the foregoing
      additional offset.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      
        Wilhelmina
In

        Page
2

        February
13, 2009

         

         

      

    

    
      	
              (d)

            	
              The
      following definition shall be added to Article I in the Agreement: “Pre-Closing
      2009 WAM/Miami Cash” shall mean cash received by any Wilhelmina
      Transferred Company that is attributable to EBITDA (a) earned on or prior
      to the Closing Date and (b) that is or would be (in the reasonable
      judgment of Purchaser) included for purposes of calculating the WAM
      Earnout or the Miami Earnout.”

            

    

    

    Except as
specifically amended hereby, the Agreement shall remain in full force and
effect.

    

    This
letter amendment may be executed in counterparts and by the Parties in separate
counterparts, each of which when so executed and delivered shall be an original,
but all of which together shall constitute one and the same
instrument.  This letter amendment may be executed and delivered by
telecopier or other facsimile transmission with the same force and effect as if
the same were a fully executed and delivers original manual
counterpart.  This letter amendment shall be governed by and construed
in accordance with the laws of the State of New York without giving effect to
any choice or conflict of law provision or rule (whether of the State of New
York or any other jurisdiction) that would cause the application of the laws of
any other jurisdiction other than the State of New York.

    

    

    Please
indicate your agreement by signing below.

    

    Sincerely.

    

    
      	 
      	 
      	 
      
	
              NEW
      CENTURY EQUITY HOLDINGS CORP.

            	 
      	
              WILHELMINA
      ACQUISITION CORP.

            
	 
      	 
      	 
      
	
              By:

            	/s/
      John Murray	 
      	
              By:

            	/s/
      Evan Stone
	
              Title:

            	Chief
      Financial Officer	 
      	
              Title:

            	Vice
      President
	
              Date:

            	February
      13, 2009	 
      	
              Date:

            	February
      13, 2009

    

    

    [Additional Signature Pages
Follow]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        Wilhelmina
In

        Page
2

        February
13, 2009

         

      

    

    [Additional
Signature Pages to Letter Agreement Regarding Calculation of

    WAM
EBITDA and Wilhelmina Miami EBITDA]

    

    Agreed
to:

    

    
      
        
          
            
              
                
                  
                    	
                            KRASSNER
      FAMILY INVESTMENTS LIMITED PARTNERSHIP

                          	 
      	
                            WILHELMINA
      – MIAMI, INC.

                          
	 
      	 
      	 
      
	
                            By: 

                          	KRASSNER INVESTMENTS,
      INC.,	 	 	 
	
                             

                          	
                            its
      General Partner

                          	 
      	
                            By:

                          	
                            
                              /s/
      Sean Patterson

                            

                          
	 
      	 
      	 
      	
                            Title:

                          	
                            
                              President

                            

                          
	
                            
                              By:

                            

                          	
                            
                              /s/
      Brad Krassner

                            

                          	 
      	
                            Date:

                          	
                            
                              February
      13, 2009

                            

                          
	
                            
                              Title:

                            

                          	
                            
                              
                                President

                              

                            

                          	 
      	 
      
	
                            Date:

                          	
                            February
      13, 2009 

                          	 	 

                  

                

              

            

          

        

      

    

    
 

    
      
        	
                
                  /s/
      Dieter Esch

                

              	 
      	
                WILHELMINA
      FILM & TV PRODUCTIONS LLC

              
	
                Dieter
      Esch, in his individual capacity and on behalf of certain other
      shareholders of Wilhelmina – Miami, Inc. pursuant to a power of attorney
      granted to him

              	 
      	
                By:

              	
                
                  /s/
      Sean Patterson

                

              
	 
      	
                Title:

              	
                
                  President

                

              
	
                Date:

              	
                
                  February
      13, 2009

                

              	 
      	
                Date:

              	
                
                  February
      13, 2009

                

              

      

    

     

     

    
      
        
          	
                  
                    /s/
      Brad Krassner

                  

                	 
      	
                  
                    /s/
      Sean Patterson

                  

                
	
                  Brad
      Krassner

                	 
      	
                  Sean
      Paterson

                
	
                  Date:

                	
                  
                    February
      13, 2009

                  

                	 
      	
                  Date:

                	
                  
                    February
      13, 2009

                  

                

        

      

    

    

    

    
      	
              LOREX
      INVESTMENTS AG

            	 
      	
              WILHELMINA
      LICENSING LLC

            
	 
      	 
      	 
      
	
              By:

            	
              
                /s/
      Peter Marty

              

            	 
      	
              By:

            	
              
                /s/
      Sean Patterson

              

            
	
              Title:

            	
              
                Board
      of Directors

              

            	 
      	
              Title:

            	
              
                President

              

            
	
              Date:

            	
              
                February
      13, 2009

              

            	 
      	
              Date:

            	
              
                February
      13, 2009

              

            

    

    

    

    
      	
              WILHELMINA
      INTERNATIONAL LTD.

            	 
      	
              WILHELMINA
      ARTIST MANAGEMENT LLC

            
	 
      	 
      	 
      
	
              By:

            	
              
                /s/
      Sean Patterson

              

            	 
      	
              By:

            	
              
                /s/
      Sean Patterson

              

            
	
              Title:

            	
              
                President

              

            	 
      	
              Title:

            	
              
                President

              

            
	
              Date:

            	
              
                February
      13, 2009

              

            	 
      	
              Date:

            	
              
                February
      13, 2009

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]