Document:

exv10w20

Exhibit 10.20

American

Commercial Lines

1701 East Market Street, Jeffersonville, IN 47130-4717

January 6, 2011

Paul Bridwell

16585 Via Floresta

Pacific Palisades, CA 90272

Dear Paul:

We are pleased to extend this offer of employment to you for the position of Chief Restructuring
Officer at ACL; reporting to Mike Ryan, Chief Executive Officer. Below is an outline of the
conditions of your offer and the compensation and benefits package that the company is offering for
your consideration:

Position: Chief Restructuring Officer located in Jeffersonville, IN

Position Responsibilities: In this role you will work with the CEO and other members of
the ACL management team to drive significant operational performance improvements in the business
for the duration of your assignment. It is expected this will involve extensive interaction at all
levels of the ACL organization as you drive improvement initiatives.

Salary Grade / Base Annual Salary: Grade 19/ $400,000. Your salary will be paid on a
semi-monthly basis, in accordance with ACTA payroll practice and procedures for salaried employees.
Your salary will be subject to change from time to time based upon your job performance.

Annual Incentive Plan:

Effective January I, 2011, you will be eligible to participate in the Annual Incentive Plan set
forth in 2011 at a target rate of 70% of actual base earnings. In 2011, 30% of the target bonus
will be guaranteed. The guaranteed portion will be paid quarterly at the end of each calendar
quarter employed by the company ($30,000 per calendar quarter). The balance of the target bonus
earned will be paid on the same timeline as management,

Long-Term Incentive Plan: You will be eligible to participate in the Management-Level
Equity Plan. You will receive an award equal to 70% of the units allocated to the COO.

The ACL compensation structure is subject to change at any time.

Performance Planning: Performance planning is a key factor in ensuring your further
personal development and progression. Paul, you will meet with Mike Ryan to discuss and document
your performance objectives.

Offer is contingent upon: This employment offer is contingent upon successful completion
of a background investigation and a pre-employment drug screen. ACL has the right to conduct a

 

 

post employment background check to determine the accuracy of the information provided in your
employment application and to determine your fitness for duty with respect to any position within
ACL. Additionally, ACL has the right to terminate your employment at any time if it discovers that
you have provided incomplete, untrue or misleading answers in your employment application or on any
other employment related documents or forms at any time during your employment.

Employee Benefits: As a salaried employee you will be eligible to participate in
company-sponsored employee benefit programs that include, but are not limited to, ACL’s group
medical, dental, vision, short-term disability, long-term disability, and life insurance on your
starting data of employment. You will be eligible to participate in the retirement savings plans
after completing thirty (30)’calendar days of employment, Details of the benefit programs are
contained in the benefit guides and summary plan descriptions provided to you.

Vacation: You will be eligible for three (3) weeks of vacation each calendar year
beginning in 2011. Vacation days will accrue on an “as-you-go” basis, meaning for every month of
employment you will accrue 1112 of your annual vacation allotment. Vacation scheduling is
subject to ACL’s salaried vacation policy.

Expenses:

As discussed, the position is travel intensive. You will be expected to be onsite at ACL most
weeks, All reasonable and necessary travel, lodging, meals and other related business expenses
incurred by you in the course of performing your duties as the Chief Restructuring Officer shall be
reimbursed, In addition, you will be reimbursed for the expenses incurred by you for travel,
lodging, and meals while living near the Company.

Return of Company Property:

 Upon termination of your employment for any reason, you agree to
return immediately to ACL all
documents, property, software, materials, information and other records of the Company or a
Platinum Equity, LLC affiliate or Platinum Equity, LLC (individually and collectively, the
“Group”), and all copies thereof, within your possession, custody or control, including but not
limited to any materials containing trade secrets or confidential information of the Group.

Trade Secrets/Confidentiality:

You agree not to disclose any trade secrets or confidential information of the Group to anyone else
and to hold this information in confidence and use it solely on a need-to-know basis in the course
of performing services for the Group. Except in the performance of services for the Group, you will
not reproduce, distribute, transmit, reverse engineer, decompile, disassemble, or transfer,
directly or indirectly, in any form, or for any purpose, any trade secrets or confidential
information of the Group. The obligations of this paragraph shall continue during the term of your
employment with the Group and (i) with respect to trade secrets, for so long as such information
constitutes a trade secret under applicable law, and (ii) with regard to confidential information,
for a period of three (3) years after the termination of your employment for any reason. As used in
this letter, the term “trade secrets” means any information (whether or not reduced to writing and
including any information recorded by any means) of or concerning the Group or any of their
respective officers, directors, owners, employees, licensors, suppliers,

 

 

customers or joint venture partners that derives economic value, actual or potential, by not being
generally known to, and not being readily ascertainable by proper means by others, including,
without limitation: information contained in any prospect list, employee list, contact list or
other database; information concerning banking or investment banking relationships; information
included in any non-public documentation concerning transactions completed by the Group (including
information included in any “bound volumes” and document clips); information concerning the terms
of any debt or equity financings; information concerning compensation and other employment policies
and practices; information concerning the business methods, ownership, operations, financial
performance, assets or liabilities (including contingent liabilities) of the Group; information
concerning strategic, financial, marketing or product plans; technical data; and computer programs.

Non-Solicitation:

You agree that, except with the Company’s written consent, for a period of twelve (12) months
immediately following termination of your employment with the Company for any reason, you will not,
directly or indirectly, either for your own account or for or on behalf of any other person or
entity, call upon, contact or attempt to effect any transaction with any acquisition candidate,
customer or prospect that was being pursued by the Company (or of which you otherwise became aware
or with which you had any contact) during the six (6) month period immediately preceding the
termination of your employment. You also agree that you will not contact, solicit or recruit, or
assist others in contacting, soliciting or recruiting for employment, any person who is or was an
employee of the Group during the six (6) month period immediately preceding the termination of your
employment with the Company, in an attempt to have such person terminate their employment
relationship with the Group or to work in any capacity in any other corporation, association, or
entity or business.

General:

You agree that the provisions of this letter are severable; and, if any portion thereof shall be
declared unenforceable, the same shall not affect the enforceability of all other provisions
hereof. It is the intent of the parties to this letter that if any portion of this letter contains
provisions which are held to be unreasonable, then in such event, a court shall fix the terms of
such agreement or shall enforce the terms and provisions hereof to the extent deemed reasonable by
the court.

Start Date: January 1, 2011.

Paul, I am very excited about offering you this opportunity. We believe you will make
significant contributions toward our future success. Please indicate your acceptance by signing
in the space provided below and return to Rich Spriggle or scan to
rich.spriggle®aclines.com.

 

 

Regards,

Michael P. Ryan

Chief Executive Officer

1701 E. Market Street

Jeffersonville, IN 47130

Work: (812) 288-0238

By signing below, I agree to accept employment with ACL under the terms outlined herein. I
understand and agree that this letter is provided for information purposes only and does not
guarantee employment for any definite duration. I understand that my employment with the Company is
at will and either party can terminate this relationship at any time with or without cause. You
agree to provide at least two (2) weeks’ notice if you wish to terminate your employment. I
acknowledge that this offer letter represents the entire agreement between myself and the Company
and that no verbal or written agreements, promises or representation that are not specifically
stated in this offer are or will be binding on the company.exv10w22

Exhibit 10.22

STOCKHOLDERS AGREEMENT

OF

FINN HOLDING CORPORATION

          This Stockholders Agreement (this “Agreement”) is entered into as of this 21st day of
December, 2010, by and among (a) Finn Holding Corporation, a Delaware corporation (the
“Company”), (b) Platinum Equity Capital Finn Partners I, L.P., a Delaware limited
partnership, Platinum Equity Capital Finn Partners II, L.P., a Delaware limited partnership,
Platinum Equity Capital Partners-A II, L.P., a Delaware limited partnership, Platinum Equity
Capital Partners-PF II, L.P., a Delaware limited partnership, and Platinum Finn Principals, LLC, a
Delaware limited liability company (the “Initial Platinum Stockholders”), (c) the Persons
identified as “Management Stockholders” on the signature pages hereto (each such Person,
together with any of such Person’s Permitted Transferees (as hereinafter defined) which holds
Securities (as hereinafter defined), a “Management Stockholder”) and (d) the Persons
identified as “Other Stockholders” on the signature pages hereto (each such Person,
together with any of such Person’s Permitted Transferees which holds Securities, an “Other
Stockholder” and, together with the Management Stockholders, the “Individual Stockholders”) Certain
capitalized terms used herein have the meanings ascribed to them in Section 9 hereof.

RECITALS:

          WHEREAS, upon the terms and conditions set forth in the Agreement and Plan of Merger, dated as
of October 18, 2010 (as the same may be from time to time amended, modified, supplemented or
restated, the “Merger Agreement”), among the Company, Finn Merger Corporation, a Delaware
corporation and an indirect, wholly owned subsidiary of the Company (“Merger Sub”), and
American Commercial Lines Inc., a Delaware corporation (“ACL”), at the Effective Time (as
defined in the Merger Agreement), Merger Sub merged with and into ACL, with ACL continuing as the
surviving corporation and an indirect, wholly owned subsidiary of the Company (the
“Merger”); and

          WHEREAS, the Parties desire to promote the interests of the Company and the mutual interests
of holders of the Securities by establishing herein certain understandings and agreements regarding
their respective ownership of Securities;

          NOW, THEREFORE, in consideration of the mutual promises, covenants, representations and
warranties made herein and of the mutual benefits to be derived herefrom, the Parties hereto agree
as follows:

Section 1. Restrictions on Transfer.

          Except for (a) Transfers following the day that is one hundred eighty (180) days after the
consummation of the first underwritten initial public offering of common stock by the Company (an
“IPO”); (b) Transfers effected by the Individual Stockholders pursuant to the exercise of
Tag-Along Rights pursuant to Section 2 below; (c) Transfers effected by the Individual
Stockholders pursuant to the exercise of Bring-Along Rights by the Platinum Stockholders pursuant
to Section 3 below; and (d) any Permitted Transfer (as defined in Section

 

 

4), no Individual Stockholder shall Transfer any Securities without the prior written
approval of the Platinum Stockholders. Each Individual Stockholder further agrees that in
connection with any Transfer permitted hereby, such Individual Stockholder shall, if requested by
the Company, deliver to the Company an opinion of counsel, in form and substance reasonably
satisfactory to the Company and counsel for the Company, to the effect that such Transfer is not in
violation of the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder (the “Securities Act”), or the securities laws of any state. Any purported
Transfer in violation of the provisions of this Section 1 shall be null and void and shall
have no force or effect. It shall be a condition to any Permitted Transfer and (unless waived by
the Platinum Stockholders) any Transfer by any Individual Stockholder approved by the Platinum
Stockholders, that the transferee shall (i) agree to become a Party to this Agreement as (if the
Permitted Transfer is by a Management Stockholder) a “Management Stockholder” or (if the Permitted
Transfer is by an Other Stockholder) an “Other Stockholder”, as the case may be, (ii) execute a
signature page in the form attached as Exhibit A hereto acknowledging that such transferee agrees
to be bound by the terms hereof and (iii) if such transferee is a natural person and a resident of
a state with a community or marital property system, cause such transferee’s spouse to execute a
spousal waiver in the form attached as Exhibit B.

Section 2. Tag-Along Rights.

          (a) In the event that any Platinum Stockholder(s) (the “Initiating Stockholder(s)”)
propose(s), in accordance with the terms of this Agreement, to Transfer any Securities to a Third
Party Purchaser, then each Individual Stockholder shall have the right (the “Tag-Along
Right”) to require that the proposed Third Party Purchaser purchase from such Individual
Stockholder (each, a “Tagging Stockholder”) up to a number of whole Vested Securities equal
to the total number of Vested Securities that the proposed Third Party Purchaser has agreed or
committed to purchase multiplied by a fraction, the numerator of which is the Aggregate
Quantity of Securities owned by such Tagging Stockholder, and the denominator of which is the
Aggregate Quantity of Securities held by all holders of Vested Securities (such Vested Securities
the “Tag Eligible Securities”).

          (b) The Initiating Stockholder(s) shall notify each Individual Stockholder in writing in the
event such Initiating Stockholder(s) propose(s) to make a Transfer or series of Transfers giving
rise to the Tag-Along Right at least fifteen (15) Business Days prior to the date on which such
Initiating Stockholder(s) expect(s) to consummate such Transfer (the “Sale Notice”) which
notice shall specify the number of Vested Securities which the Third Party Purchaser intends to
purchase in such Transfer and the Third Party Terms with respect thereto. The Tag-Along Right may
be exercised by any Individual Stockholder by delivery of a written notice to the Company and the
Initiating Stockholder(s) proposing to sell Tag Eligible Securities (the “Tag-Along
Notice”) within ten (10) Business Days following receipt of the Sale Notice from such
Initiating Stockholder(s). The Tag-Along Notice shall state the number of each type of such
Individual Stockholder’s Tag Eligible Securities that the Tagging Stockholder proposes to include
in such Transfer to the proposed Third Party Purchaser (such securities the “Transfer
Securities”). In the event that the proposed Third Party Purchaser does not purchase from each
Tagging Stockholder the amount of such Tagging Stockholder’s Transfer Securities on the Same Terms
and Conditions as such proposed Transfer by the Initiating Stockholder(s), then the

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Initiating Stockholder(s) shall not be permitted to sell any Securities to the Third Party
Purchaser, subject to the Initiating Stockholder’s right to send a new Sale Notice in accordance
with the procedures set forth in this Section 2.

          (c) At the closing of the Transfer to any Third Party Purchaser pursuant to this Section
2, the Third Party Purchaser shall remit to each Tagging Stockholder exercising its rights
under this Section 2, (i) the consideration (as reduced in accordance with Section
3(g)) for the Transfer Securities of such Tagging Stockholder sold pursuant hereto,
minus (ii) such Tagging Stockholder’s pro rata portion of any such consideration to be
placed in escrow or otherwise held back in accordance with the Third Party Terms, minus
(iii) the aggregate exercise price of any Company Awards being Transferred by such Tagging
Stockholder to such Third Party Purchaser(s), against transfer of such Transfer Securities subject
to the Tag-Along Rights, free and clear of all liens and encumbrances, by delivery by such Tagging
Stockholder of (A) certificates for such Transfer Securities, duly endorsed for Transfer or with
duly executed stock powers reasonably acceptable to the Company and such Third Party Purchaser(s)
and/or (B) an instrument evidencing the Transfer or the cancellation of the Company Awards included
in the Transfer Securities reasonably acceptable to the Company and such Third Party Purchaser(s),
and the compliance by such Tagging Stockholder with any other conditions to closing or payment of
consideration generally applicable to the Initiating Stockholders and all other holders of
Securities selling Securities in such transaction; provided, however, that no
Individual Stockholder shall be required to bear more than such Individual Stockholder’s pro rata
share (determined based on the number of Securities sold in the transactions contemplated by the
Tag-Along Notice) of all liabilities for the representations, warranties and other obligations
incurred in connection with the transactions contemplated by the Tag-Along Notice (other than with
respect to representations and warranties relating to the ownership of such Individual
Stockholders’ Securities or otherwise relating solely to such Individual Stockholder).

Section 3. Bring-Along Rights.

          (a) If one or more Platinum Stockholders, in one transaction or a series of related
transactions that would constitute a Company Sale, propose(s) to Transfer any Securities to one or
more Persons other than an Affiliate of the Platinum Stockholders (each such Person, a “Third
Party Purchaser”), then the Platinum Stockholders shall have the right (a “Bring-Along Right”),
but not the obligation (subject to Section 2 hereof), to require each Individual
Stockholder to sell to the Third Party Purchaser(s), on the Same Terms and Conditions as apply to
the Platinum Stockholders exercising their Bring-Along Right, that number of Securities equal to
(i) the total number of Securities held by such Individual Stockholder multiplied
by (ii) a fraction, (A) the numerator of which is the total number of Securities to be sold
by the Platinum Stockholders in connection with such transaction or series of related transactions
and (B) the denominator of which is the total number of the Securities collectively held by all
Platinum Stockholders.

          (b) Any Platinum Stockholders exercising their Bring-Along Right under this Section 3
shall deliver a written notice (a “Bring-Along Notice”) to each Individual Stockholder. The
Bring-Along Notice shall set forth: (i) the name of the Third Party Purchaser(s) and the number of
Securities proposed to be sold by the Platinum Stockholders to such Third Party

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Purchaser(s); (ii) the proposed amount and form of consideration and material terms and
conditions of payment offered to such Individual Stockholder by the Third Party Purchaser(s) and a
summary of any other material terms pertaining to the Transfer (the “Third Party Terms”);
and (iii) the number of each type of Securities that such Individual Stockholder shall be required
to sell in such Transfer (as determined in accordance with Section 3(a) above, the
“Required Securities”). The Bring-Along Notice shall be given at least fifteen (15)
Business Days before the closing of the proposed Transfer.

          (c) Upon each Individual Stockholder’s receipt of a Bring-Along Notice, such Individual
Stockholder shall be obligated to sell such number of Securities as is set forth in the Bring-Along
Notice on the Third Party Terms; provided, however, that no Individual Stockholder
shall be required to bear more than such Individual Stockholder’s pro rata share (determined based
on the number of Securities sold in the transactions contemplated by the Bring-Along Notice) of all
liabilities for the representations, warranties and other obligations incurred in connection with
the transactions contemplated by the Bring-Along Notice (other than with respect to representations
and warranties relating to the ownership of such Individual Stockholders’ Securities or otherwise
relating solely to such Individual Stockholder).

          (d) At the closing of the Transfer to any Third Party Purchaser(s) pursuant to this
Section 3, the Third Party Purchaser(s) shall remit to each Individual Stockholder (i) the
consideration (as reduced in accordance with Section 3(g)) for the Required Securities of
such Individual Stockholder being sold pursuant hereto, minus (ii) such Individual
Stockholder’s pro rata portion of any consideration to be placed in escrow or otherwise held back
in accordance with the Third Party Terms, minus (iii) the aggregate exercise price of any
Company Awards included in the Required Securities against transfer of such Required Securities,
free and clear of all liens and encumbrances, by delivery by such Individual Stockholder of (A)
certificates for such Required Securities, duly endorsed for Transfer or with duly executed stock
powers reasonably acceptable to the Company and such Third Party Purchaser(s) and/or (B) an
instrument evidencing the Transfer or the cancellation of the Company Awards included in the
Required Securities reasonably acceptable to the Company and such Third Party Purchaser(s), and the
compliance by such Individual Stockholder with any other conditions to closing or payment of
consideration generally applicable to the Platinum Stockholders and all other Stockholders selling
Securities in such transaction. In the event that the proposed Transfer to such Third Party
Purchaser is not consummated, the Bring-Along Right shall continue to be applicable to any proposed
subsequent Transfer of Securities by the Platinum Stockholders pursuant to this Section 3.

          (e) In the event that any Platinum Stockholders exercise their rights pursuant to this
Section 3 or a Company Sale is approved by the board of directors of the Company (the
“Board”) and the holders of a majority of the then-outstanding Voting Shares, each
Individual Stockholder shall consent to and raise no objections against such transaction, and shall
take all actions that the Board and/or the applicable Platinum Stockholders reasonably deem
necessary or desirable in connection with the consummation of such transaction; provided,
that (x) the acquisition of the Securities held by each Individual Stockholder in connection with
such transaction shall be on the Same Terms and Conditions as the acquisition of the Securities
held by the Platinum Stockholders in connection with such transaction and (y) no Individual

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Stockholder shall be required to bear More than such Individual Stockholder’s pro rata share
(determined based on the number of Securities sold in connection with such Company Sale) of all
liabilities of the Stockholders for the representations; warranties and other obligations incurred
in connection with such Company Sale (other than with respect to representations and warranties
relating to the ownership of such Individual Stockholder’s or otherwise relating solely to such
Individual Stockholder). Without limiting the generality of the foregoing, each Individual
Stockholder agrees, subject to the foregoing proviso, that it shall (i) consent to and raise no
objections against such transaction; (ii) execute any purchase agreement, merger agreement or other
agreement in connection with such transaction setting forth the terms and conditions of such
transaction and any ancillary agreement with respect thereto; (iii) vote any Voting Shares held by
such Individual Stockholder in favor of such transaction (including, without limitation, executing
a written consent of stockholders approving such transaction); (iv) refrain from the exercise of
appraisal rights with respect to such transaction and (v) at the request of the Third Party
Purchaser, resign from any board of directors of the Company or any of its subsidiaries on which
such Individual Stockholder is a director.

          (f) If the Company or the holders of the Company’s securities enter into any transaction for
which Rule 506 (or any similar rule then in effect) promulgated under the Securities Act, may be
available (including, without limitation, a merger, consolidation or other reorganization), each
Individual Stockholder shall, if requested by the Company, appoint a purchaser representative (as
such term is defined in Rule 501 of the Securities Act) reasonably acceptable to the Company. If
such purchaser representative was designated by the Company, the Company shall pay the fees and
expenses of such purchaser representative, but if any Individual Stockholder appoints another
purchaser representative, such Individual Stockholder shall be responsible for the fees and
expenses of the purchaser representative so appointed.

          (g) Each Stockholder shall bear its pro rata share of the fees, costs and expenses of any
Company Sale or other transaction (pursuant to this Agreement or otherwise) in which it sells
Securities.

Section 4. Permitted Transfers.

          (a) Notwithstanding anything herein to the contrary, the restrictions set forth in the first
sentence of Section 1 shall not apply to: (i) any Transfer of Company Non-Voting Common
Stock by an Individual Stockholder that is a natural person (or a trust or entity of the type
described below) (A) by gift to, or for the benefit of, any member or members of his or her
immediate family (which shall include any spouse, or any lineal ancestor or descendant, niece,
nephew, adopted child or sibling of him or her or such spouse, niece, nephew or adopted child), (B)
to a trust under which the distribution of the Securities may be made only by such Individual
Stockholder and/or such Individual Stockholder’s immediate family or (C) to a partnership or
limited liability company for the benefit of the immediate family of such Individual Stockholder
and the partners or members of which are only such Individual Stockholder and such Individual
Stockholder’s immediate family; (ii) any Transfer of Non-Voting Common Stock by an Individual
Stockholder that is a natural person to the heirs, executors or legatees of such Individual
Stockholder by operation of law or court order upon the death or incapacity of such Individual
Stockholder; or (iii) any Transfer of Non-Voting Common Stock by an Individual

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Stockholder that is not a natural person to an Affiliate; provided, that such
Affiliate does not engage in any Competitive Activity (each of the Transfers referenced in clauses
(i), (ii) and (iii) above which is otherwise in accordance with the provisions of this Section
4 is referred to herein as a “Permitted Transfer”). The recipient of any Non-Voting
Common Stock pursuant to the foregoing , and subject to the requirements of Section 1,
shall, with respect to such Non-Voting Common Stock, be referred to herein as a “Permitted
Transferee” and be deemed a “Management Stockholder” or an “Other Stockholder,” as the case may
be, for all purposes of this Agreement.

          (b) Each Individual Stockholder shall give the Company at least twenty (20) days’ prior
written notice of any proposed Transfer pursuant to Section 4(a) above and prompt notice of
any such actual Transfer.

Section 5. Registration Rights

          (a) If, following the IPO, the Company at any time proposes to register any shares of Company
Common Stock under the Securities Act, whether or not for sale for its own account (other than
pursuant to a Special Registration) and the registration form to be used may also be used for the
registration of Registrable Securities owned by the Stockholders, the Company shall notify the
Stockholders at least fifteen (15) days prior to the filing of the first registration statement in
connection therewith. Upon the receipt of a written request of any Stockholder made within ten (10)
days after such notice (which request shall specify the Registrable Securities intended to be
disposed of by such Stockholder and the intended method of disposition thereof), the Company will,
subject to the other provisions of this Section 5, include in such registration all Registrable
Securities with respect to which the Company has received a written request for inclusion (a
“Piggyback Registration”). Each such request shall also contain an undertaking from the
applicable Stockholder to provide all such information and material and to take all actions as may
be reasonably required by the Company in order to permit the Company to comply with all applicable
federal and state securities laws.

          (b) Each selling Stockholder shall pay all sales commissions or other similar selling charges,
and all transfer taxes, with respect to Registrable Securities sold by such Stockholder pursuant to
a Piggyback Registration and all fees and expenses of any counsel for any holder of Registrable
Securities. The Company shall pay all registration and filing fees, fees and expenses of compliance
with federal and state securities laws, printing expenses, messenger and delivery expenses, fees
and disbursements of counsel and accountants for the Company in connection with any registration
unless the applicable state securities laws require that stockholders whose securities are being
registered pay their pro rata share of such fees, expenses and disbursements, in which case each
Stockholder participating in the registration shall pay its pro rata share of all such fees,
expenses and disbursements based on its pro rata share of the total number of shares being
registered.

          (c) If a Piggyback Registration is an underwritten registration, no Registrable Securities may
be included in the registration other than those to be distributed by the underwriters. If the
managing underwriters or, if the Piggyback Registration is not an underwritten registration, the
Company’s investment bankers, advise the Company that in their

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opinion the number of Securities requested to be included in such registration exceeds the
number which can be sold in such offering or will have a material adverse effect on the
marketability of such offering or the price of the Securities to be sold, the Company will include
in such registration or prospectus only such number of Securities that in the reasonable opinion of
such underwriters or investment bankers can be sold without adversely affecting the marketability
or price of the offering, which securities will be so included in the following order of priority:
first, Securities proposed to be registered by the Company, and second, Registrable
Securities of the Stockholders who have requested registration of their Registrable Securities, pro
rata, together with any other Securities for which the holders thereof have comparable registration
rights, on the basis of the aggregate number of such Registrable Securities or such other
Securities proposed to be registered by such Stockholders. Notwithstanding the foregoing, if the
managing underwriters or, if the registration is not an underwritten registration, the Company’s
investment bankers, advise the Company that in their opinion, the inclusion in a Piggyback
Registration of Registrable Securities held by the Management Stockholders will have a material
adverse effect on the offering, then to the extent a greater reduction in the participation by
Management Stockholders is approved in writing by at least two Senior Officers, the Company may
reduce such Management Stockholder participation in such relatively greater proportion.

          (d) Notwithstanding the foregoing, if at any time after giving written notice to the
Stockholders of its intention to register any shares of Company Common Stock pursuant to
Section 5(a) and prior to the effective date of the registration statement filed in
connection with such registration, the Company shall determine in accordance with the provisions of
this Agreement not to register such securities, the Company may, at its election, give written
notice of such determination to each Stockholder and thereupon shall be relieved of its obligation
to register Registrable Securities as part of such terminated registration (but not from its
obligation to pay expenses in connection therewith as provided in Section 5(b) above). If a
registration pursuant to this Section 5 involves an underwritten public offering or
Individual Stockholder requests to be included in such registration, such Individual Stockholder
may elect, in writing prior to the Business Day prior to the effective date of the registration
statement filed in connection with such registration, not to participate in such registration.

          (e) Except as part of the applicable registered offering, each Stockholder agrees not to sell
or offer for public sale or distribution, including pursuant to Rule 144, any of such Stockholder’s
Registrable Securities within fifteen (15) days prior to or one-hundred and eighty (180) days (or
such shorter or longer period as determined by the managing underwriters to be appropriate in order
to avoid a material adverse impact on marketability or price) after the effective date of any
registration (other than a Special Registration) with respect to which registration rights are
available pursuant to this Section 5.

          (f) The procedures to be used by the Company in effecting the registration of any Registrable
Securities pursuant to this Section 5 and the rights of any holder of Registrable
Securities shall be those customary for piggyback registrations and shall be subject to (i) without
limitation of such Stockholder’s obligations under Section 5(a), the Company’s right to
request customary undertakings on the part of the sellers of any Registrable Securities with
respect to holdbacks and the furnishing of such information for inclusion in any registration
statement to be

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used in connection with such sale as is customarily provided by selling stockholders, and (ii)
in connection with any underwritten offering which includes Registrable. Securities held by any
Stockholder to be registered pursuant to this Section 5, the execution by such Stockholder
of a customary underwriting agreement with the underwriters for such offering.

Section 6. Rights to Repurchase Securities held by Management Stockholders.

          (a) During the period beginning on the date of a Termination of Service of a Management
Stockholder and ending on the date nine (9) months following the later of (i) the date of such
Termination of Service, (ii) the date of the exercise of any vested Company Awards held by such
Management Stockholder and (iii) the date that the Company becomes aware that a Management
Stockholder has since the date of this Agreement engaged in or is engaging in Competitive Activity,
the Company shall have the option to repurchase the Securities issued pursuant to the Equity
Incentive Plan (or any similar equity-based plans approved by the Board) held by such terminated
Management Stockholder and/or his Permitted Transferees (collectively, the “Management
Securities Call Right”). The Management Securities Call Right may be exercised more than once.
The Management Securities Call Right shall be exercised by written notice (the “Management
Securities Call Notice”) to such Management Stockholder given in accordance with Section
10(f) below on or prior to the last day on which the Management Securities Call Right may be
exercised by the Company.

          (b) The purchase price payable for such Securities held by such Management Stockholder by the
Company upon exercise of the Management Securities Call Right the “Management Securities
Purchase Price”) shall be as follows:

          (i) If the Management Stockholder’s employment is terminated by the Company for Cause,
the purchase price for any Securities shall equal the lower of (A) the Fair Market Value of
such Securities as of the date of the Management Securities Call Notice (the “Repurchase
Date”) and (B) the aggregate cash price paid for such Securities, if any, by such
Management Stockholder.

          (ii) If the Management Stockholder’s employment is terminated by the Company without
Cause, the purchase price for any Securities shall equal the Fair Market Value of such
Securities as of the Repurchase Date.

     If and to the extent the Company exercises its right to repurchase any such Securities
pursuant to this Section 6, any such Management Stockholder shall be obligated to sell such
Securities to the Company.

          (c) The repurchase of Securities pursuant to the exercise of the Management Securities Call
Right shall take place on a date specified by the Company, but in no event later than sixty (60)
days following the date of the exercise of such Management Securities Call Right or, if later,
within ten (10) days following the receipt by the Company of all necessary governmental approvals.
On such date, such Management Stockholder shall transfer the Securities subject to the Management
Securities Call Notice to the Company, free and clear of all liens and encumbrances, by delivering
to the Company the certificates or other documents

- 8 -

 

representing the Securities to be purchased, duly endorsed for transfer to the Company or
accompanied by a stock power duly executed in blank, in each case reasonably acceptable to the
Company, and the Company shall pay to such Management Stockholder the Management Securities
Purchase Price in cash or by bank or cashier’s check.

          (d) Notwithstanding any other provision of this Section 6, the Company shall not be
permitted or obligated to make any payment with respect to a repurchase of any Securities from a
Management Stockholder if (i) such repurchase (or the payment of a dividend by a Subsidiary to the
Company to fund such repurchase) would result in a violation of the terms or provisions of, or
result in a default or an event of default under any guaranty, financing or security agreement or
document entered into by the Company or any Subsidiary from time to time (the “Financing
Agreements”), (ii) such repurchase would violate any of the terms or provisions of the
Certificate of Incorporation of the Company or (iii) the Company has no funds legally available to
make such payment under the General Corporation Law of the State of Delaware (each such event in
clause (i), (ii) or (iii), a “Repurchase Disability”); provided, that (x) the
Company shall notify in writing the Management Stockholder with respect to whom the repurchase
right has been exercised (a “Disability Notice”) and (y) the Disability Notice shall
specify the nature of the Repurchase Disability. If a repurchase by the Company otherwise permitted
under this Section 6 is prevented by a Repurchase Disability: (i) the purchase and payment
of the applicable purchase price shall be postponed and will take place at the first opportunity
thereafter when the Company has funds legally available to make such payment and when such payment
will not result in any default, event of default or violation under any of the Financing Agreements
or in a violation of any term or provision of the Certificate of Incorporation of the Company, (ii)
such repurchase obligation shall rank against other similar repurchase obligations with respect to
Securities according to priority in time of the termination date giving rise to such repurchase
(provided that any repurchase commitment arising from a termination of employment because
of Disability or death shall have priority over any other repurchase obligation) and (iii) the
applicable purchase price (except in the case of a termination for Cause) shall be increased by an
amount equal to interest on such purchase price for the period during which payment is delayed at
the applicable federal rate; provided, however, that if the Company has not
repurchased Securities, pursuant to this Section 6 within four (4) years following the
delivery of a Disability Notice, the Company shall thereafter have no right or obligation to
repurchase such Securities.

          (e) No Stockholder shall have any rights ‘against the Company because of the Company’s
election to waive, in its sole discretion, any of the Company’s rights with respect to the
repurchase or conversion provisions set forth in this Section 6.

Section 7. Corporate Advisory Services.

          The Management Stockholders acknowledge and approve (a) the payment by the Company to Platinum
Equity Advisors, LLC (“Platinum Equity”) of a $12,000,000.00 transaction fee in respect of
services rendered in connection with the Merger Agreement and the transactions contemplated
thereby, and (b) the Corporate Advisory Services Agreement, substantially in the form attached
hereto as Exhibit C hereto, between Platinum Equity and the Company, and the fees to be
paid by the Company to Platinum Equity thereunder.

- 9 -

 

Section 8. Termination.

               This Agreement, and the respective rights and obligations of the Parties, shall terminate upon
the earliest of (a) the consummation of a Company Sale, (b) the execution by the Platinum
Stockholders and Individual Stockholders holding a majority of the Securities held by Individual
Stockholders of a written agreement to terminate this Agreement and (c) at any time on or after the
date of an IPO, at the written election of Platinum Stockholders holding a majority of the number
of Securities then held by Platinum Stockholders.

Section 9. Certain Definitions.

          (a) As used in this Agreement, the following terms shall have the meanings set forth below.

          “Administrator” means the Board or any Committee appointed by the Board to administer
the Equity Incentive Plan, as such plan may be modified or supplemented from time to time by the
Board.

          “Affiliate” means, with respect to any Person, any Person directly or indirectly
controlling, controlled by or under common control with such Person. For purposes of this
definition, “control” (and its derivatives) means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of a Person, whether by
contract, through the ownership of voting securities, as trustee or executor, or otherwise.

          “Aggregate Quantity of Securities” means, with reference to Securities owned by any
Person at any time or Securities outstanding at any time for purposes of any computation hereunder,
the number of shares of Company Common Stock issued and outstanding and held by such Person or all
Persons, as the case may be, plus the number of shares of Company Common Stock issuable
upon exercise, exchange or conversion of Company Awards held by such Person or all Persons, as the
case may be, excluding (x) any Company Options that were not Vested Securities and (y) in the case
of any determination with respect to Section 2, Company Options that have an exercise,
exchange or conversion price per share greater than the price per share to be paid by the
applicable Third Party Purchaser. Further, the phrase “number of Securities” held by any
Person or group of Persons or, to be Transferred shall mean the number of shares of Company Common
Stock held by such Person or group of Persons or to be Transferred, plus the number of
shares of Company Common Stock issuable upon exercise, exchange or conversion of Company Awards
held by such Person or group of Persons or to be Transferred (other than Company Options that have
an exercise, exchange or conversion price per share greater than the price per share to be paid by
the applicable Third Party Purchaser(s)).

          “Business Day” means a day except a Saturday, a Sunday or other day on which banks in
the City of New York are authorized or required by federal or state law to be closed.

          “Cause” has the meaning specified in the Equity Incentive Plan.

- 10 -

 

          “Company Awards” means a Company Options and Company RSU Awards.

          “Company Common Stock” means the Company’s common stock, par value $0.01 per share,
including the Company Voting Common Stock and Company Non-Voting Common Stock.

          “Company Options” means options to purchase shares of Company Non-Voting Common Stock
pursuant to an option agreement and the Equity Incentive Plan or any similar equity-based plans
approved by the Board.

          “Company Non-Voting Common Stock” means the Company’s Class B common stock, par value
$0.01 per share, issued to a Management Stockholder as a result of the vesting of Company RSU
Awards or the exercise by such Management Stockholder of vested Company Options.

          “Company Voting Common Stock” means the Company’s Class A common stock, par value
$0.01 per share.

          “Company RSU Awards” means awards of restricted stock units, including any awards of
performance-based restricted stock units, outstanding under the Equity Incentive Plan or any
similar equity-based plans approved by the Board.

          “Company Sale” means the consummation of any transaction or series of transactions
(including, without limitation, any merger, recapitalization, reorganization, sale of stock or
other similar transaction) pursuant to which one or more Persons or group of Persons (other than
any Platinum Stockholder) acquires (a) Securities possessing the voting power (without taking into
account this Agreement or any other agreement or proxy limiting the voting power of the holder of
such Securities) sufficient to elect a majority of the members of the Board or the board of
directors of the successor to the Company (whether such transaction is effected by merger,
consolidation, recapitalization, sale or transfer of the Company’s capital stock or otherwise) or
(b) all or substantially all of the assets of the Company and its subsidiaries.

          “Competitive Activity” means directly or indirectly, engaging in or providing, or
owning, investing in, managing, joining, operating or controlling, or participating in the
ownership, management, operation or control of or being connected as a director, officer, employee,
partner, member, consultant, or otherwise with, any business enterprise (whether for profit or not
for profit) which is directly competitive, in any geographic area in which the Company or any of
its divisions or subsidiaries engages in business activities, with the business activities of the
Company or any of its divisions, subsidiaries or affiliates (including any material business
activities that, to the knowledge of the officer, the Company or any of its respective divisions,
subsidiaries or affiliates were planning to engage in prior to the officer’s termination of
employment as evidenced by reasonably documented plans and actions and that, to the officer’s
knowledge, were still being actively pursued by the Company as of the date of such termination), in
each case that is not approved in writing by the Administrator; provided, however,
that the officer’s acquisition of a passive stock or equity interest in such a business, which
represents not more than five percent (5%) of the outstanding interest in such business shall not
be considered a

- 11 -

 

Competitive Activity; and (iii) employment by a competitor shall not be considered a
Competitive Activity if (and only if) (A) the competitor has more than one discrete business unit
and, at the time of the officer’s employment with the competitor, the businesses of the competitor
that do not compete with the Company and its Subsidiaries are responsible for 75% or more of the
revenue of such competitor; (B) the officer’s duties relate solely to one or more business units
that do not compete directly or indirectly with the Company or any of its Subsidiaries; (C) the
officer is not providing any services or charged with any duties (including reporting duties) with
respect to the business unit that is in competition with the Company or any of its Subsidiaries;
and (D) if requested by the Company, the officer certifies in writing to the Company within thirty
(30) days of receipt of such request, that the position satisfies the requirements of this proviso.
In the event any court of competent jurisdiction shall find that any provision hereof relating to
Competitive Activity is not enforceable in accordance with its terms, the court shall reform such
provisions such that the provisions shall be enforceable to the maximum extent permissible by law.

          “Disability” has the meaning specified in the Equity Incentive Plan.

          “Equity Incentive Plan” means, collectively or individually, as applicable, (a) the
American Commercial Lines Inc. 2008 Omnibus Incentive Plan and (b) the American Commercial Lines
Inc. 2005 Stock Incentive Plan, in each case, as assumed by the Company on the date hereof, as such
plan may be modified or supplemented from time to time by the Board.

          “Exchange Act” means the Securities and Exchange Act of 1934, as amended.

          “Fair Market Value” means, as of any date of determination, the fair market value’ of
any given asset, including, without limitation, the applicable Securities, as determined by the
Board in good faith with reference to the most recent valuation of the Company Common Stock
performed by an independent valuation consultant or appraiser of nationally recognized standing
(which valuation shall be prepared not less frequently than annually), provided, that the
Fair Market Value of any vested Company Option shall be equal to the Fair Market Value of a share
of Company Common Stock, minus the exercise price of such Company Option.

          “Party” means any of the parties to this Agreement.

          “Person” means any individual, corporation, partnership, limited partnership, limited
liability company, syndicate, trust, association or other entity.

          “Platinum Stockholders”, Means (a) the Initial Platinum Stockholders and (b) any
Affiliates of the Initial Platinum Stockholders to which (i) the Initial Platinum Stockholders or
any other Person transfers Company Common Stock or (ii) the Company issues Company Common Stock.

          “Registrable Securities” means (a) (i) shares of Company Common Stock held by a
Stockholder, and (ii) shares of Company Common Stock issuable upon exercise of any vested Company
Options; and (b) any securities issued or issuable with respect to any of the foregoing (x) upon
any conversion or exchange thereof, (y) by way of stock dividend or other distribution,

- 12 -

 

stock split or reverse stock split or (z) in connection with a combination of shares,
recapitalization, merger, consolidation, exchange offer or other reorganization. As to any
particular Registrable Securities, once issued such securities shall cease to be Registrable
Securities when (A) a registration statement with respect to the sale of such securities shall have
become effective under the Securities Act and such securities shall have been disposed of in
accordance with such registration statement, (B) such securities shall have been distributed to the
public in reliance upon Rule 144, (C) such securities shall have been otherwise transferred, new
certificates for such securities not bearing a legend restricting further transfer shall have been
delivered by the Company and subsequent disposition of such securities shall not require
registration or qualification of such securities under the Securities Act, (D) such securities
shall have been acquired by the Company, or (E) with respect to any such securities acquired by a
Stockholder pursuant to the exemption from the registration requirements of the Securities Act
contained in Rule 701 (or any successor provision) thereunder, at any time after the period
described in Section 1(a), such securities have not at any time during the last six months
been subject to any holdback obligation or other transfer restriction under Section 1 or
Section 5.

          “Rule 144” means Rule 144 (or any successor provision) under the Securities Act.

          “Same Terms and Conditions” means the same price and otherwise on the same terms and
conditions; provided, however, that (a) any price paid for Company Awards will be
subject to reduction for the applicable exercise price, (b) the form of consideration paid may be
different so long as the different forms of consideration have the same Fair Market Value as of the
date of approval by the Board of the applicable definitive agreement, (c) the Platinum Stockholders
may receive, even if not offered to the Individual Stockholders, rights to appoint members of the
board of directors or similar governing body of the Third Party Purchaser or any of its Affiliates,
or any other governance rights (including board observer rights), (d) the Platinum Stockholders may
receive, even if not offered to Individual Stockholders, rights to Transfer any Securities received
in such transaction not given to Individual Stockholders so long as the Individual Stockholders are
permitted to Transfer their Vested Securities on a pro rata basis with the Platinum Stockholders
and (e) any Individual Stockholder who is a member of the Board or any board of directors of any
subsidiary of the Company may be required to resign from one or more of such boards.

          “Securities” means (a) (i) shares of Company Common Stock, (ii) Company RSU Awards,
and (iii) Company Options; and (b) any securities issued or issuable with respect to any of the
foregoing (x) upon any conversion or exchange thereof, (y) by way of stock dividend or other
distribution, stock split or reverse stock split or (z) in connection with a combination of shares,
recapitalization, merger, consolidation, exchange offer or other reorganization.

          “Senior Officers” means the Chief Executive Officer, the Chief Financial Officer or
the General Counsel of the Company.

          “Service Provider” has the meaning specified in the Equity Incentive Plan.

          “Special Registration” means the registration of Securities and/or options or other
rights in respect thereof solely on Form S-4 or S-8 or any successor form.

- 13 -

 

          “Stockholders” means the Platinum Stockholders and the Individual Stockholders.

          “Termination of Service” means the time when a Management Stockholder ceases to be a
Service Provider for any reason, whether for cause or without cause, including, but not by way of
limitation, a termination by resignation, discharge, death or retirement, but excluding a
termination where there is a simultaneous reemployment or reengagement by the Company or one of its
subsidiaries.

          “Transfer” means any direct or indirect sale, transfer, assignment, conveyance,
pledge, by operation of law or otherwise, or other encumbrance or disposition.

          “Vested Securities” means the Securities, excluding Company Awards that are not then
exercisable, except that, in connection with any particular Transfer or transaction or series of
Transfers or transactions, Company Awards shall be considered Vested Securities to the extent such
Company Awards become exercisable as a result thereof.

          “Voting Shares” means shares of Company Voting Common Stock.

          (b) The following terms have the meaning set forth in the Sections set forth below:

	 	 	 
	Defined Term	 	Location of Definition
	ACL

	 	Recitals
	Agreement

	 	Preamble
	Board

	 	Section 1
	Bring-Along Notice

	 	Section 3(b)
	Bring-Along Right

	 	Section 3(a)
	Company

	 	Preamble
	Disability Notice

	 	Section 6(d)
	Financing Agreements

	 	Section 6(d)
	Individual Stockholders

	 	Preamble
	Initial Platinum Stockholders

	 	Preamble
	Initiating Stockholder

	 	Section 2(a)
	IPO

	 	Section 1
	Management Securities Call Notice

	 	Section 6(a)
	Management Securities Call Right

	 	Section 6(a)
	Management Securities Purchase Price

	 	Section 6(b)
	Management Stockholder

	 	Preamble
	Merger

	 	Preamble
	Merger Agreement

	 	Preamble
	Merger Sub

	 	Recitals
	Other Stockholder

	 	Preamble
	Permitted Transfer

	 	Section 4(a)
	Permitted Transferee

	 	Section 4(a)

- 14 -

 

	 	 	 
	Defined Term	 	Location of Definition
	Piggyback Registration

	 	Section 5(a)
	Repurchase Date

	 	Section 6(b)
	Repurchase Disability

	 	Section 6(d)
	Required Securities

	 	Section 3(b)
	Sale Notice

	 	Section 2(b)
	Securities Act

	 	Section 1
	Tag-Along Notice

	 	Section 2(b)
	Tag-Along Right

	 	Section 2(a)
	Tag Eligible Securities

	 	Section 2(a)
	Tagging Securities

	 	Section 2(a)
	Tagging Stockholder

	 	Section 2(a)
	Third Party Purchaser

	 	Section 3(a)
	Third Party Terms

	 	Section 3(b)
	Transfer Securities

	 	Section 2(b)

          (c) Terms used but not defined herein have the meanings ascribed to them in the Merger
Agreement.

Section 10. Miscellaneous.

          (a) Legends. Each certificate representing the securities issued by the Company and
held by a Stockholder shall bear the following legends:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”), OR
THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR TRANSFERRED
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
AND SAID LAWS OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
THEREOF.”

“THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE REPURCHASE
RIGHTS, ADDITIONAL RESTRICTIONS ON TRANSFER AND CERTAIN OTHER
AGREEMENTS SET FORTH IN THE [INSERT APPLICABLE EQUITY INCENTIVE
PLAN] AND A STOCKHOLDERS AGREEMENT BETWEEN THE ISSUER AND THE
STOCKHOLDERS AND OPTIONHOLDERS OF THE ISSUER, DATED AS OF
________________, 2010. A COPY OF SUCH PLAN AND AGREEMENT SHALL BE
FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON
WRITTEN REQUEST.”

          (b) Successors, Assigns and Transferees. This Agreement shall be binding upon and
inure to the benefit of the Parties and their respective legal representatives, heirs,

- 15 -

 

legatees, successors, and assigns and any other transferee and shall also apply to any
securities acquired by a Stockholder after the date hereof.

          (c) Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Delaware, without giving effect to its principles or rules of
conflict of laws to the extent such principles or rules are not mandatorily applicable by statute
and would require or permit the application of the laws of another jurisdiction.

          (d) Specific Performance; Submission to Jurisdiction. The Parties agree that
irreparable damage would occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms or were otherwise breached. It is accordingly
agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches of
this Agreement and to enforce specifically the terms and provisions of this Agreement in federal
and state courts located in Wilmington, Delaware, this being in addition to any other remedy to
which such party is entitled at law or in equity. In addition, each of the Parties hereto (i)
consents to submit itself to the personal jurisdiction of the federal and state courts located in
Wilmington, Delaware in the event any dispute arises out of this Agreement or any of the
transactions contemplated by this Agreement; (ii) agrees that it will not attempt to deny or defeat
such personal jurisdiction by motion or other request for leave from such court, (iii) agrees that
it will not bring any action relating to this Agreement or any of the transactions contemplated by
this Agreement in any court other than the federal or state courts located in Wilmington, Delaware,
and (iv) to the fullest extent permitted by Law, consents to service being made through the notice
procedures set forth in Section 10(f). Each party hereto hereby agrees that, to the fullest
extent permitted by Law, service of any process, summons, notice or document by U.S. registered
mail to the respective addresses set forth in Section 10(f) shall be effective service of
process for any suit or proceeding in connection with this Agreement or the transactions
contemplated hereby.

          (e) Interpretation. The headings of the Sections contained in this Agreement are
solely for the purpose of reference, are not part of the agreement of the Parties and shall not
affect the meaning or interpretation of this Agreement. The words “this Agreement”,
“herein”, “hereunder”, “hereof”, “hereby”, or other words of
similar import refer to this Agreement as a whole and not to any particular Article, Section or
other subdivision hereof. Unless the context requires otherwise, pronouns in the masculine,
feminine and neuter genders shall be construed to include any other gender, and words in the
singular form shall be construed to include the plural and vice versa.

          (f) Notices. All notices and other communications provided for or permitted hereunder
shall be in writing and shall be deemed to have been duly given and received when delivered by
overnight courier or hand delivery, when sent by telecopy, or five (5) days after mailing if sent
by registered or certified mail (return receipt requested) postage prepaid, to the Parties at the
following addresses (or at such other address for any Party as shall be specified by like notices).

(i) If to any Platinum Stockholder, addressed, to such Platinum
Stockholder, c/o Platinum Equity, LLC at:

- 16 -

 

52 Vanderbilt Avenue

New York, NY 10017

Attn: Louis Samson

Fax: (212) 905-0011

With copies to:

Platinum Equity, LLC

360 North Crescent Drive, South Building

Beverly Hills, CA 90210

Attn: Eva M. Kalawski

Fax: (310) 712-1863

and

Latham & Watkins LLP

555 11th Street, N.W.

Suite 1000

Washington, DC 20004

Attn: David I. Brown, Esq.

Fax: (202) 637-2201

(ii) If to any Individual Stockholder, to the address set forth on
such Stockholder’s signature page hereto.

(iii) If to the Company:

American Commercial Lines Inc.

1701 E. Market Street

Jeffersonville, Indiana 47130

Attention: General Counsel

Fax: (812) 288-0294

With copies to:

Platinum Equity, LLC

52 Vanderbilt Avenue

New York, NY 10017
Attn: Louis Samson

Fax: (212) 905-0011

and

- 17 -

 

Platinum Equity, LLC

360 North Crescent Drive, South Building

Beverly Hills, CA 90210

Attn: Eva M. Kalawski

Fax: (310) 712-1863

And

Latham & Watkins LLP

555 11th Street, N.W.

Suite 1000

Washington, DC 20004

Attn: David I. Brown, Esq.

Fax: (202) 637-2201

          (g) Recapitalization, Exchange, Etc. Affecting the Company’s Capital Stock. The
provisions of this Agreement shall apply, to the full extent set forth herein, with respect to any
and all Securities and all of the shares of capital stock of the Company or any successor or assign
of the Company (whether by merger, consolidation, sale of assets, or otherwise) that may be issued
in respect of, in exchange for, or in substitution of such Securities, and shall be appropriately
adjusted for any stock dividends, splits, reverse splits, combinations, recapitalizations, and the
like occurring after the date hereof.

          (h) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed to be an original and all of which together shall be deemed to constitute one
and the same agreement.

          (i) Attorney’s Fees. In any action or proceeding brought to enforce any provision of
this Agreement, the successful Party shall be entitled to recover reasonable attorney’s fees and
expenses in addition to any other available remedy.

          (j) Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal, or unenforceable
in any respect for any reason, the validity, legality, and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be in any way
unpaired thereby.

          (k) Amendment. Any provision of this Agreement may be amended and the observance
thereof may be waived (either generally or in a particular instance and either retroactively or
prospectively), only by the written consent of the Company (approved by the Board) and the Platinum
Stockholders holding a majority of the Securities held by Platinum Stockholders. Notwithstanding
the foregoing, if any such amendment or waiver would materially adversely affect the rights or
obligations of the Individual Stockholders, then such amendment or waiver shall require the prior
written consent of Individual Stockholders holding a majority of the Securities held by Individual
Stockholders. Any amendment or waiver effected in accordance with this Section 10(k) shall
be binding upon the Company, the Platinum Stockholders and their

- 18 -

 

successors and assigns and the Individual Stockholders and their successors and assigns. At
any time hereafter, additional Stockholders may be made Parties hereto by (x) executing a signature
page in the form attached as Exhibit A hereto, which signature page shall be countersigned
by the Company and shall be attached to this Agreement and become a part hereof without any further
action of any other Party hereto and (y) if such Stockholder is a resident of a state with a
community or marital property system, by causing the spouse of such Stockholder to execute a
spousal waiver in the form attached as Exhibit B.

          (l) Tax Withholding. The Company shall be entitled to require payment in cash or
deduction from other compensation payable to any Stockholder of any sums required by federal,
state, or local tax law to be withheld with respect to the issuance, vesting, exercise, repurchase,
or cancellation of any Securities.

          (m) Entire Agreement. This Agreement (including any and all exhibits, schedules and
other instruments contemplated thereby) constitute the entire agreement of the Parties with respect
to the subject matter hereof.

[remainder of page intentionally left blank.]

- 19 -

 

          IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above.

	 	 	 	 	 
	 	FINN HOLDING CORPORATION 

 	 
	 	By:  	/s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M. Kalawski 	 
	 	 	Title:  	Vice President & Secretary 	 

  [SIGNATURE PAGE FOR STOCKHOLDERS AGREEMENT]

 

	 	 	 	 	 
	 	 PLATINUM EQUITY CAPITAL FINN PARTNERS I, L.P.

 

					
	 	By:  	Platinum Equity Partners II, LLC, 
its general partner
 	 

					
	 	
 	 
	 	 By:  	Platinum Equity Investment Holdings II, LLC, 
 its senior managing member
 	 

					
	 	
 	 
	 	By:  	/s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M Kalawski  	 
	 	 	Title:  	Vice President & Secretary 	 

	 	 	 	 	 
	 	PLATINUM EQUITY CAPITAL FINN PARTNERS II, L.P.

 

					
	 	By:  	  Platinum Equity Partners II, LLC, 
its general partner
 	 

					
	 	
 	 
	 	 By:  	Platinum Equity Investment Holdings II, LLC,
its senior managing member
 	 

					
	 	
 	 
	 	By:  	/s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M Kalawski  	 
	 	 	Title:  	Vice President & Secretary 	 

	 	 	 	 	 
	 	PLATINUM EQUITY CAPITAL PARTNERS-A II, L.P.

 

					
	 	By:  	Platinum Equity Partners II, LLC,
 its general partner
 	 

					
	 	
 	 
	 	 By:  	Platinum Equity Investment Holdings II, LLC,
 its senior managing member
 	 

					
	 	
 	 
	 	By:  	/s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M Kalawski  	 
	 	 	Title:  	Vice President & Secretary 	 

[SIGNATURE PAGE FOR STOCKHOLDERS AGREEMENT]

 

 

	 	 	 	 	 
	 	PLATINUM EQUITY CAPITAL PARTNERS-PP II, L.P.

 

					
	 	By:  	  Platinum Equity Partners II, LLC,
its general partner
 	 

					
	 	
 	 
	 	  By:  	           Platinum Equity Investment Holdings II, LLC,
its senior managing member
 	 

					
	 	
 	 
	 	By:  	/s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M Kalawski  	 
	 	 	Title:  	Vice President & Secretary 	 

	 	 	 	 	 
	 	PLATINUM FINN PRINCIPALS, LLC,

 	 

					
	 	By:  	             Platinum Equity Investment Holdings II, LLC, 
its senior managing member
 	 

					
	 	
 	 
	 	 By:  	                           /s/ Eva M. Kalawski
 	 
	 	 	Name:  	Eva M Kalawski 	 
	 	 	Title:  	Vice President & Secretary 	 

[SIGNATURE PAGE FOR STOCKHOLDERS AGREEMENT]

 

 

EXHIBIT A

SIGNATURE PAGE

TO

STOCKHOLDERS AGREEMENT

     By execution of this signature page, ____________________ hereby agrees to become a Party to,
and a [Management Stockholder] [Other Stockholder] under, and to be bound by the obligations of,
and receive the benefits of, that certain Stockholders Agreement, dated as of December [___], 2010,
by and among Firm Holding Corporation, a Delaware corporation, Platinum Equity Capital Finn
Partners I, L.P., a Delaware limited partnership, Platinum Equity Capital Finn Partners II, L.P., a
Delaware limited partnership, Platinum Equity Capital Partners-A H, L.P., a Delaware limited
partnership, Platinum Equity Capital Partners-PF H, L.P., a Delaware limited partnership, and
Platinum Finn Principals, LLC, a Delaware limited liability company, and certain other Parties
named therein, as amended from time to time thereafter.

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted:

[                        ]

	 	 	 	 
	 	 
	By:  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 

[SIGNATURE PAGE FOR STOCKHOLDERS AGREEMENT]

 

 

EXHIBIT B

SPOUSAL WAIVER

          I, [INSERT NAME], hereby waive and release any and all equitable or legal claims and rights,
actual, inchoate or contingent, which I may acquire with respect to the disposition, voting or
control of the Securities subject to the Stockholders Agreement, dated as of December [___], 2010
among Finn Holding Corporation and its stockholders, as the same shall be amended from time to
time, except for rights in respect of the proceeds of any disposition of such Securities.

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	Name:  	 	 
	 	 	 	 

 

 

	 	 	 	 	 

EXHIBIT C

CORPORATE ADVISORY SERVICES AGREEMENT

     This CORPORATE ADVISORY SERVICES AGREEMENT (this “Agreement”) is entered into as of December
___, 2010 (the “Effective Date”) by and between Finn Holding Corporation, a Delaware Corporation
(the “Company”) and PLATINUM EQUITY ADVISORS, LLC, a Delaware limited liability company
(“Advisors”).

RECITALS

     A. The Company is a holding corporation for a business that specializes in marine
transportation and manufacturing (collectively, the “Business”).

     B. On or prior to the Effective Date, Advisors began to perform and has since been performing
certain services with respect to the Business, and, in exchange for such services, the Company
agrees to pay Advisors certain fees and to provide for other consideration, all as set forth
herein.

AGREEMENT

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

     1. Appointment and Term. The Company hereby retains Advisors to render those services
set forth in Exhibit A hereto, together with such other services as the Company may request
from time to time (collectively, the “Services”). The term of this Agreement shall begin on the
Effective Date and shall continue until terminated by Advisors with or without cause.

     2. Scope of Work. The Services will be performed for the Company and all direct or
indirect majority-owned subsidiaries of the Company (the “Group”), it being understood that the
Company will charge the fees incurred by the Company to the members of the Group. Advisors will
bear the bad debt and currency risk associated with these recharges.

     3. Quality of Services. Advisors shall render the Services in a professional, timely
and workmanlike manner. The Services will be of the same quality and performed in the same manner
of performance as such Services are performed by Advisors for its other affiliates.

     4. Compensation. In consideration of the Services, the Company shall pay to Advisors a
fee (the “Advisory Fee”) as shall be agreed by the parties from time to time; provided that in no
event shall the Advisory Fee be greater than US$5,000,000 per year. The Advisory Fee shall be
payable upon receipt of invoice(s), and shall be subject to value added tax, where applicable. In
addition, the Company shall reimburse Advisors for all third party costs incurred by Advisors in
rendering the Services.

 

 

     5. Audit Rights. Advisors shall keep a full, accurate and complete record of all costs
and expenses incurred by Advisors in rendering the Services and shall maintain such records for a
period of three (3) years from the end of each calendar year. So long as the Company is an
affiliate of Advisors, the Company or its authorized representative shall have the right to examine
and copy such records at all reasonable times during such period to verify the correctness of
amounts paid to Advisors. If any such examination discloses an overpayment made by the Company of
more than three percent (3%) of such payment, Advisors shall reimburse the Company for all of the
expenses connected with such examination in addition to a refund of the amount of any such
overpayment.

     6. Default of Advisors. Notwithstanding anything contained in this Agreement to the
contrary, in the event that Advisors shall default in any material respect in any of its
obligations hereunder and such default shall continue for a period of 30 days following receipt of
notice of such default, then the Company shall have the right to withhold all compensation
otherwise payable to Advisors hereunder until such default is fully cured, and to set off against
such compensation any obligations of Advisors hereunder.

     7. Representation and Warranties.

     (a) Advisors represents and warrants that as of the date hereof that (i) Advisors is a company
duly organized and validly existing under the laws of the state of Delaware, and all corporate and
other internal authorization required for the execution of this Agreement have been obtained, and
(ii) this Agreement does not materially violate any agreements to which Advisors is a party.

     (b) The Company represents and warrants to Advisors that as of the date hereof that: (i) the
Company is a company duly organized and validly existing under the laws of the State of Delaware,
and all corporate and other internal authorization required for the execution of this Agreement
have been obtained, and (ii) this Agreement does not materially violate any agreements to which the
Company is a party.

     8. General. Each provision of this Agreement shall be considered severable, and if for
any reason any provision that is not essential to the effectuation of the basic purposes of this
Agreement is determined to be invalid and contrary to any existing or future law, such invalidity
shall not impair the operation of or affect those provisions of this Agreement that are valid. The
waiver of either party of any breach of this Agreement shall not operate or be construed to be a
waiver of any subsequent breach. This Agreement shall be construed and enforced in accordance with
the laws of the state of California, United States, without regard to its conflict of laws
principles. All section headings in this Agreement are for convenience of reference only and are
not intended to qualify the meaning of any section. No persons other than the parties to this
Agreement may directly or indirectly rely upon or enforce the provisions of this Agreement, whether
as a third party beneficiary or otherwise. Nothing contained in this Agreement shall be deemed or
construed by the parties or any third party to create the relationship of partners or joint
venturers between Advisors and the Company.

 

 

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives.

	 	 	 	 	 	 	 

	PLATINUM EQUITY ADVISORS, LLC	 	FINN HOLDING CORPORATION
	 
	By: 	 	 	By: 	 
	 	Name: 	 Eva M. Kalawski	 	 	Name: 	    Mary Ann Sigler
	 	Title:	 Executive Vice President,	 	 	Title:	   President
	 	 	General Counsel and Secretary	 	 	 	 

 

 

EXHIBIT A TO CORPORATE ADVISORY SERVICES AGREEMENT

	•	 	Providing general business advice;

	•	 	Providing advice regarding structuring and negotiating transactions;

	•	 	Providing advice regarding identifying, structuring, negotiating, obtaining bank,
institutional and other sources of financing for the Company and the Group;

	•	 	Providing advice regarding financial activities consisting of (but not limited to)
consulting and assistance for Company accounting; financial and administrative advice;
processing of accounting data, general accounts, stocks accounting, sales and purchase
ledgers, financial statements and balance sheet statistics, the supplying of the services of
analysis of information systems for data processing;

	•	 	Providing management advice and financial planning advice, including advice on utilization
of assets; Advising the Company and the Group in establishing accounting policies;

	•	 	Providing such other advice to the Company and the Group, their counsel and auditors as
generally may be required to properly carry on the business and operations of the Company and
the Group;

	•	 	Administrative advice:

	 	(i)	 	Advice on the performance of financial analyses and research by the Company and
the Group, or any clients of the Company or the Group, including financial forecasting,
strategic planning, budgeting, and analysis.
	 
	 	(ii)	 	Advice on and assistance in technology relationships with third party providers
and partners.
	 
	 	(iii)	 	Advice to the Company, the Group or any clients of the Company or the Group,
in matters relating to human resource management, together with advice in employee
recruitment.
	 
	 	(iv)	 	Advice to the Company, the Group or any clients of the Company or the Group in
connection with capital investments, requests for capital investment and justification
for such requests;

	•	 	Financial advice:

	 	(i)	 	Advice in the coordination and oversight of the short-term and long-term
financing requirements of the Company, the Group or any clients of the Company or the
Group (including as to cash-flow projections).

 

 

	 	(ii)	 	Advice on and oversight of the investments to be carried out by the Company,
the Group or any clients of the Company or the Group.
	 
	 	(iii)	 	Advice in the coordination of cash and equivalents held by the Company, the
Group or any clients of the Company or the Group, including cash in hand, and
investments of cash and equivalents on a consolidated basis; advice on the control and
recovery of liabilities and receivables.
	 
	 	(iv)	 	Advice in the coordination of the management of foreign currencies and hedging
operations.
	 
	 	(v)	 	Review of and subsequent advice regarding the business plan of the Company, the
Group or any clients of the Company or the Group.

	•	 	Commercial and marketing activities:

	 	(i)	 	Purchasing Activities — Advice to the Company, the Group or any clients of the
Company or the Group, on purchasing activities for products, components, services,
packaging, and logistics, and in particular for the following tasks:

	 	•	 	help in the choice of suppliers;
	 
	 	•	 	setting requirements for quotations and comparative analyses;
	 
	 	•	 	negotiation and ordering of Products and services;
	 
	 	•	 	negotiation of claims against suppliers; and
	 
	 	•	 	organizing corporate purchases.

	 	(ii)	 	Sales and Marketing Activities — Advice to the Company, the Group or any
clients of the Company or the Group in sales and marketing activities, in particular
for the following tasks:

	 	•	 	choice of strategic vendors;
	 
	 	•	 	investigation and development of new markets;
	 
	 	•	 	development and maintenance of international commercial relations;
	 
	 	•	 	organization of strategic meetings;
	 
	 	•	 	production of guidelines for external and internal communications;
	 
	 	•	 	development of trading guidelines;
	 
	 	•	 	management of relationships with consultants and analysts; and
	 
	 	•	 	development of strategic partnerships.

	•	 	Advice regarding provision of marketing, advertising and promotional activities consisting
of (but not limited to) branding of the Group with a view of increasing the revenues of the
Company and the Group and furthermore any activity which forms an integral part of a marketing
and advertising campaign

	•	 	General corporate stewardship

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