Document:

Exhibit 10.2

EXECUTION COPY

MANAGEMENT SERVICES AGREEMENT

This MANAGEMENT SERVICES AGREEMENT (the “Agreement”),
dated as of February 2, 2006 (the “Effective Date”), is entered into by
and among Indalex Holding Corp., a Delaware corporation (the “Company”) with
an address of 5200 Town Center Circle, Suite 470, Boca Raton, FL 33486, Indalex
Limited, a Canada Corporation (“Indalex Limited”) formed upon the
amalgamation of 6461948 Canada Inc. and Indalex Limited with an address of 5675
Kennedy Road, Mississauga, Ontario, Canada L4Z 2H9, and Sun Capital Partners
Management III, LP, a Delaware limited partnership (the “Manager”) with
an address of 5200 Town Center Circle, Suite 470, Boca Raton, FL 33486.

WHEREAS, the Company and its affiliates (including
Indalex Limited) desire to receive financial and management consulting services
from the Manager and to obtain the benefit of the experience of the Manager in
business and financial management;

WHEREAS, the Manager desires to provide financial and
management consulting services to the Company and its affiliates pursuant to
the terms of this Agreement; and

WHEREAS,
the compensation arrangements set forth in this Agreement are designed to
compensate the Manager for providing such financial and management consulting
services to the Company and its affiliates.

NOW,
THEREFORE, in consideration of the mutual agreements hereinafter set forth, the
parties hereto agree as follows:

1.                                       Agreement;
Term.

(a)           The Company hereby retains the
Manager to perform, and the Manager agrees to render to the Company and its
affiliates, on the terms herein set forth, management and consulting services
regarding the business of the Company and its affiliates and such other
services relating to the Company and its affiliates as may from time to time be
reasonably requested by the executive officers of the Company and agreed to by
the Manager.  Without limiting the
generality of the foregoing, the parties currently contemplate that these
services shall include advice regarding improvements to the Company’s and its
affiliates’ financial reporting, accounting and management information systems
and staffing.

(b)           It is expressly understood and agreed
that the Manager shall devote only so much time, and shall consult with and
advise the officers and managers of the Company and its affiliates only to such
extent and at such times and places as may be mutually acceptable to the
Company and the Manager.  The Manager
shall be free to provide similar services to such other business enterprises or
activities as the Manager may deem fit without any limitation or restriction
whatsoever.

(c)           The
term of this Agreement shall commence as of the Effective Date and shall
terminate on the tenth anniversary of the Effective Date.  Notwithstanding any other provisions hereof,
(i) the Company’s obligation to pay amounts due with respect to periods prior

 

to the termination
hereof and (ii) the provisions of Sections 3 through 18 hereof shall survive
any termination of this Agreement.

2.             Compensation and Expenses.

(a)           For the services to be rendered by
the Manager hereunder, the Manager shall receive an annual fee (the “Management
Fee”) equal to the greater of (i) $1,000,000 and (ii) 2% of EBITDA (as
such term is hereinafter defined), computed without taking into consideration
the fees payable under this Section 2, as determined by the Company’s regular
auditors, or in the absence thereof, by the Company’s managing member, with
respect to each fiscal year. The Company shall pay the Management Fee in
quarterly installments in advance equal to the greater of (i) $250,000 and (ii)
2% of EBITDA (as such term is hereinafter defined) for the immediately
preceding fiscal quarter, computed without taking into consideration the fees
payable under this Section 2.  At the end
of each fiscal year during the term of this Agreement, following an audit of
the Company’s financial statements for such fiscal year: (x) in the event the
Company paid the Manager an amount less than the greater of (i) $1,000,000 and
(ii) 2% of EBITDA for such fiscal year (the “Audited Management Fee”),
the Company shall promptly pay to the Manager the difference between the
Audited Management Fee and the Management Fee actually paid with respect to
such fiscal year (the greater of (i) and (ii), the “Actual Management Fee”);
and (y) in the event the Actual Management Fee is greater than the Audited
Management Fee for such fiscal year, the Company shall receive a credit against
the immediately succeeding quarterly installment or installments, as
applicable, for the difference between the Actual Management Fee and the
Audited Management Fee.  On the date
hereof, the Company shall pay the Manager $250,000, representing the pro rata
portion of the Management Fee for the quarter ending March 31, 2006.  For purposes of this Agreement, the term “EBITDA”
means, for any period, the sum of the amounts for such period of (A) net income
(or loss) after taxes of the Company and its affiliates (including Indalex
Limited) on a consolidated basis (“Net Income”), plus (B) interest
expense which has been deducted in the determination of Net Income, plus (C)
federal, state, provincial and local taxes which have been deducted in
determining Net Income, plus (D) depreciation and amortization expenses which
have been deducted in determining Net Income, including without limitation
amortization of capitalized transaction expenses incurred in connection with
the acquisition of all the issued and outstanding capital stock of Indalex
Inc., a Delaware Corporation, by the Company and Indalex Limited by 6461948
Canada Inc. (the “Indalex Acquisition”), plus (E) extraordinary
losses which have been deducted in the determination of Net Income, plus (F)
uncapitalized transaction expenses incurred in connection with the Indalex
Acquisition, plus (G) all other non-cash charges, minus (H) extraordinary
gains which have been included in the determination of Net Income.  Each item used in calculating EBITDA shall be
determined in accordance with generally accepted accounting principles,
consistent with that used in prior periods.

(b)           The Company shall reimburse the
Manager for the cost of all reasonable out-of-pocket fees and expenses incurred
by the Manager and its affiliates in the performance of the services hereunder
and all matters related thereto.

(c)           In connection with additional
management services required in connection with certain corporate events, the
Manager shall also be entitled to additional customary and reasonable fees for
management consulting services provided to the Company or to any of its direct
or indirect subsidiaries or shareholders, including with respect to, without
limitation,

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refinancings,
restructurings, equity or debt offerings, acquisitions, mergers,
consolidations, business combinations, sales and divestitures (each a “Management
Consulting Event”).  In the event
that at any time during the term hereof, there shall occur a Management
Consulting Event involving the Company or any of the Company’s direct or
indirect subsidiaries or shareholders, the Company shall pay the Manager a management
consulting fee, in cash, equal to 1% of the aggregate consideration (including
assumed debt and long-term liabilities) paid to or by the Company or to or by
any of its direct or indirect subsidiaries or shareholders in consideration for
the Manager’s performance of management consulting services in connection with
such Management Consulting Event.  The
Manager and the Company acknowledge and agree that, in connection with the
closing of the Indalex Acquisition, the Manager shall be entitled to receive a
management consulting fee from the Company only equal to $4,650,000.

(d)           If for any  reason the Company is unable to pay any or
all of the amounts otherwise owed to the Manager pursuant to this Agreement,
the Company shall make such payments as soon as the Company is able to do so.

3.             Allocation of Services Performed
among Canada and United States.

(a)           The Company shall allocate all
amounts payable hereunder on a reasonable basis to reflect (i) the relative
portion of services provided hereunder that are performed inside and outside
Canada, and (ii) those amounts payable which are for the benefit of the
affiliates of the Company which are organized in Canada, including Indalex
Limited (each a “Canadian Subsidiary”). 
To the extent an amount is paid by the Company that is for the benefit
of a Canadian Subsidiary, the Company will be considered to have incurred that
amount as agent for and on behalf of such Canadian Subsidiary.

(b)           To the extent that an amount is
payable in respect of services that are performed inside Canada, such amount
shall be subject to withholding as required by Regulation 105 under the Income Tax Act (Canada) (“Regulation 105”) (which is
currently 15%), provided that no withholding as described in this subsection (b)
will be made if the Manager provides the Company with a withholding tax waiver
issued by the Canada Revenue Agency in respect of amounts payable
hereunder.  Any amount withheld hereunder
will be remitted to the Receiver General for Canada for the respective accounts
of the members of the Manager pursuant to the provisions of the Income Tax Act (Canada) and the Regulations thereunder.

(c)           If the Company is required to
withhold any amount under Regulation 105 as described in subsection (b),
the amount payable under this Agreement shall be increased as necessary so
that, after making all required withholdings (including withholdings applicable
to additional amounts under this Section 3), the Manager receives an
amount equal to the sum it would have received had no such withholding been
made.

(d)           If, following any withholding as
contemplated in this Section 3 in respect of which the Company is
required to make an additional payment pursuant to subsection (c),
any member of the Manager receives or is granted a refund of or a credit
against or remission for any taxes paid or payable by him or on his account or
a deduction in computing income or other such relief, the Manager will
reimburse the Company with such amount as the Manager shall have concluded, in
its absolute discretion but in good faith, to be the amount or value of the
relevant relief.

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4.             Relationship of the Parties.
The Manager is providing services hereunder as an independent contractor,
retaining control and responsibility for its operations and personnel.  Nothing in this Agreement shall be deemed to
constitute the parties hereto joint venturers, partners or participants in an
unincorporated business or other separate entity, nor in any manner create any
employer-employee relationship between the Company or Indalex Limited, on the
one hand, and the Manager or any of the Manager’s employees on the other hand.

5.             Directors and Officers.
Nothing in this Agreement shall be construed to relieve the directors or
officers of the Company or its affiliates from the performance of their
respective duties or limit the exercise of their powers in accordance with the
Company’s (or such affiliate’s) Articles of Incorporation or Bylaws, any
applicable provisions of the applicable corporate law, or otherwise.  The activities of the Company (or such
affiliate) shall at all times be subject to the control and direction of its
directors and officers.  The Company (or
such affiliate) reserves the right to make all decisions with regard to any
matter upon which the Manager has rendered its advice and consultation.

6.             Limitation of Liability.  Neither the Manager nor any of its
affiliates, members, managers, partners, directors, officers, employees, agents
and controlling persons (collectively, the “Manager Indemnitees”) shall
be liable to the Company or any of its subsidiaries or affiliates or any of the
security holders or creditors of the Company or any of its affiliates for any
(i) damage, loss, liability, deficiency, diminution in value, action, suit,
claim, proceeding, investigation, audit, demand, assessment, fine, judgment,
cost and other expense (including, without limitation, reasonable legal fees
and expenses) directly or indirectly (whether direct or indirect, in contract
or tort or otherwise) arising out of, related to, caused by, based upon or in
connection with the performance of services contemplated by this Agreement
unless such damage, loss, liability, deficiency, diminution in value, action,
suit, claim, proceeding, investigation, audit, demand, assessment, fine,
judgment, cost and other expense (including, without limitation, reasonable
legal fees and expenses) shall be proven to result directly from the willful
misconduct of such person or (ii) any Outside Activities (as defined in Section
17 below).  In no event will any Manager
Indemnitee be liable to the Company for special, indirect, punitive or
consequential damages, including, without limitation, loss of profits or lost
business, even if such Manager Indemnitee has been advised of the possibility
of such damages. Under no circumstances will the liability of the Manager
Indemnitees exceed, in the aggregate, the fees actually paid to the Managers
hereunder.

7.             Indemnification. The Company
shall reimburse, defend, indemnify and hold the Manager Indemnitees, harmless
from and against any damage, loss, liability, deficiency, diminution in value,
action, suit, claim, proceeding, investigation, audit, demand, assessment,
fine, judgment, cost and other expense (including, without limitation,
reasonable legal fees and expenses) arising out of, related to or in connection
with (a) any act or omission of, or on behalf of, the Company, the Manager or
any of the Manager Indemnitees, except to the extent proven to result directly
from the willful misconduct of the person seeking indemnification, or (b) any
act or omission made at the direction of the Company.

8.             Notices.  Any notice, request, demand or other
communication permitted or required to be given hereunder shall be in writing,
shall be sent by one of the following means to the addressee at the address set
forth in the preamble to this Agreement (or at such other address

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as shall be
designated hereunder by notice to the other party hereto, effective upon actual
receipt) and shall be deemed conclusively to have been given: (a) on the first
business day following the day timely deposited with a nationally recognized
overnight delivery service with an order for next-day delivery, with the cost
of delivery prepaid for the account of the sender; (b) on the fifth business
day following the day duly sent by certified or registered United States mail,
postage prepaid and return receipt requested; or (c) if delivered by other
means, when actually received by the addressee on a business day (or on the
next business day if received after the close of normal business hours or on
any non-business day).

9.             Assignment; Successors and
Assigns.  This Agreement and the
rights, duties and obligations of the Company hereunder may not be assigned or
delegated by the Company without the prior written consent of the Manager.  This Agreement and the rights, duties and
obligations of the Manager hereunder may not be assigned or delegated by the
Manager, other than to an affiliate of the Manager, without the prior written
consent of the Company. All covenants, promises and agreements by or on behalf
of the parties contained in this Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective heirs, legal
representatives, successors and assigns.

10.           Amendments.  No amendment, supplement or waiver of any
provision of this Agreement shall be effective unless the same shall be in
writing and signed by the Manager and the Company (in the case of an amendment
or supplement) or by the waiving party (in the case of a waiver).

11.           Applicable Law.  This Agreement shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware,
without giving effect to principles of conflicts of law or choice of law that
would compel the application of the substantive laws of any other
jurisdiction.  EACH PARTY HERETO HEREBY
WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY
LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH OR ARISING OUT OF
THIS AGREEMENT, OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR
ENFORCEMENT THEREOF.

12.           Section Headings.  The headings of each section are contained
herein for convenience of reference only and shall not affect in any way the
meaning or interpretation of this Agreement.

13.           Entire Agreement.  This Agreement sets forth the entire
agreement of the parties hereto with regard to the subject matter hereof and
supersedes and replaces all prior agreements, understandings and
representations, oral or written, with regard to such matters.

14.           Severability. If any provision
of this Agreement or application thereof under any circumstances is adjudicated
to be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect any other provision or application of this
Agreement which can be given effect without the invalid or unenforceable
provision or application and shall not invalidate or render unenforceable such
provision or application in any other jurisdiction.  If any provision is held void, invalid or
unenforceable with respect to particular circumstances, it shall nevertheless
remain in full force and effect in all other circumstances.

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15.           Counterparts.  This Agreement may be executed in
counterparts, each of which shall be an original, and both of which together
shall constitute one and the same document. Any counterpart may be executed by
facsimile signature and such facsimile signature shall be deemed an original.

16.           Further Assurances. Each party
hereto agrees to use all reasonable efforts to obtain all consents and
approvals, and to do all other things, necessary for the transactions
contemplated by this Agreement.  The
parties agree to take such further action and to deliver or cause to be
delivered any additional agreements or instruments as any of them may
reasonably request for the purpose of carrying out this Agreement and the
agreements and transactions contemplated hereby.

17.           Attorneys’ Fees.  In any action or proceeding brought to
enforce any provision of this Agreement, or where any provision hereof is
validly asserted as a defense, the prevailing party, as determined by the
court, shall be entitled to recover reasonable attorneys’ fees in addition to
any other available remedy.

18.           Outside Activities.  The Company hereby acknowledges and agrees
that one or more of the Manager Indemnitees have had, and from time to time may
have, outside activities or interests that conflict or may conflict with the
best interests of the Company (collectively, “Outside Activities”),
including (without limitation) investment opportunities or investments in,
ownership of, or participation in entities that are or could be complementary
to, or competitive with, the Company. 
The Company hereby consents to all such Outside Activities.

19.           Construction. The construction
of this Agreement shall not take into consideration the party who drafted or
whose representative drafted any portion of this Agreement, and no canon of
construction shall be applied that resolves ambiguities against the drafter of
a document.

20.           Currency and Payments.  All dollar amounts specified herein are
denominated in United States dollars, and all payments to be made pursuant to
this Agreement shall be made in United States dollars.

[SIGNATURES ON NEXT PAGE]

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IN
WITNESS WHEREOF, the parties have executed this Management Services Agreement
as of the date first above written.

	
  

  	
  SUN CAPITAL PARTNERS

  
	
   

  	
  MANAGEMENT III, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Sun Capital Partners

  
	
   

  	
  Management III, LLC

  
	
   

  	
  Its:  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   /s/ Michael
  McConvery

  	
   

  
	
   

  	
  Name: Michael McConvery

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  INDALEX HOLDING CORP.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ M. Steven Liff

  	
   

  
	
   

  	
  Name:  M. Steven Liff

  	
   

  
	
   

  	
  Title:  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  INDALEX LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Michael Alger

  	
   

  
	
   

  	
  Name: Michael Alger

  	
   

  
	
   

  	
  Title: EVP/CFO

  	
   

  

 

 

Signature Page to Management
Services AgreementExhibit 10.3

EXECUTION
COPY

STOCKHOLDERS’
AGREEMENT

THIS STOCKHOLDERS’
AGREEMENT (this “Agreement”) is made as of February 2, 2006, by and
among (i) Sun Indalex, LLC, a Delaware limited liability company (“Sun”),
(ii) each Person whose name appears on the signature page hereto under the
heading “Minority Stockholders” or who otherwise hereafter becomes a party to
this Agreement (collectively, the “Minority Stockholders”) and (iii)
Indalex Holdings Finance, Inc., a Delaware corporation (the “Company”).  Certain other capitalized terms used herein
are defined in Section 1.

WHEREAS, Sun and
the Minority Stockholders each own Common Stock of the Company.

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as follows:

1.                                       Certain
Definitions.  The terms defined in
this Section 1, whenever used in this Agreement, shall, unless the
context clearly otherwise requires, have the following respective meanings:

“Affiliate”
of a Person shall mean any other Person directly or indirectly controlling,
controlled by or under common control with such Person.

“Applicable
Percentage” shall have the meaning set forth herein in Section 3.1(c).

“Approved Sale”
shall have the meaning set forth herein in Section 3.2(a).

“Board”
shall mean the board of directors of the Company.

“Certificate of
Incorporation” shall mean the Certificate of Incorporation of the Company,
as filed with the Secretary of State of Delaware, and as amended from time to
time in accordance with its terms.

“Common Stock”
shall mean the Voting Common Stock and the Non-Voting Common Stock.

“Company”
shall have the meaning set forth in the first paragraph of this Agreement.

“Exempt
Transfer”, as applied to any Stockholder, shall mean (a) any sale or
Transfer permitted by the Registration Agreement, (b) any Permitted
Affiliate Sale, (c) in the case of an individual, any Transfer to a member
of the Family of such Stockholder, or a trust or other entity for the sole
benefit of such Stockholder or a member of the Family of such Stockholder, if
such individual or trust or other entity agrees to be bound by the terms of
this Agreement and executes a joinder hereto, or (d) any Transfer to another
Stockholder.

 

“Family”,
as applied to any individual, shall mean (a) the children of such
individual (by birth or adoption), (b) the parents, spouse and siblings of
such individual, (c) the children of the siblings of such individual,
(d) any trust solely for the benefit of, or any partnership, limited
liability company or other entity owned solely by, any one or more of such
aforementioned individuals (so long as such individuals have the exclusive
right to control such trust or other entity) and (e) the estate of such
individual.

“Minority
Shares” shall mean (i) any capital stock of the Company purchased or
otherwise acquired by any Minority Stockholder (including, without limitation,
Common Stock), (ii) any warrants, options, or other rights to subscribe for or
to acquire, directly or indirectly, capital stock of the Company, whether or
not then exercisable or convertible, (iii) any stock, notes, or other
securities which are convertible into or exchangeable for, directly or
indirectly, capital stock of the Company, whether or not then convertible or
exchangeable, (iv) any capital stock of the Company issued or issuable upon the
exercise, conversion, or exchange of any of the securities referred to in clauses
(i) through (iii) above, and (v) any securities issued or
issuable directly or indirectly with respect to the securities referred to in clauses
(i) through (iv) above by way of stock dividend or stock split or in
connection with a combination of shares, recapitalization, reclassification,
merger, consolidation, or other reorganization. 
For avoidance of doubt, any of the foregoing purchased or otherwise
acquired by Sun or any Affiliate of Sun shall not be Minority Shares.

“Minority
Stockholders” shall have the meaning set forth in the first paragraph of
this Agreement.

“Non-Voting
Common Stock” shall mean the Non-Voting Common Stock, $0.001 par value per
share, of the Company as constituted on the date hereof and any stock into
which any such Non-Voting Common Stock shall have been changed or any stock
resulting from any reclassification of any such Non-Voting Common Stock.

“Notice of
Transfer” shall have the meaning set forth herein in Section 3.1(b).

“Outside Offer”
shall have the meaning set forth herein in Section 2.2(a).

“Permitted
Affiliate Sale” shall mean any sale by a holder of Common Stock to any one
or more of its Affiliates, if such Affiliate agrees to be bound by the terms of
this Agreement to the same extent as the transferor and executes a joinder
hereto.

“Person”
shall mean an individual, a corporation, a limited liability company, an
association, a joint-stock company, a business trust or other similar
organization, a partnership, a joint venture, a trust, an unincorporated
organization or a government or any agency, instrumentality or political
subdivision thereof.

“Prospective
Purchaser” shall have the meaning set forth herein in Section 2.2(a).

“Public
Offering” shall mean any underwritten sale of the Company’s capital stock
pursuant to an effective registration statement under the Securities Act filed
with the Securities and Exchange Commission on Form S-1 or any other eligible
form (or a successor form thereto adopted by the Securities and Exchange
Commission); provided that the following will not be

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considered a Public Offering: (i) any issuance of
capital stock as consideration for a merger or acquisition registered on Form
S-4 (or a successor form thereto adopted by the Securities and Exchange
Commission) or otherwise under the Securities Act; and (ii) any issuance of
capital stock or rights to acquire capital stock to existing stockholders or to
employees of the Company or its subsidiaries on Form S-4 or S-8 (or a successor
form adopted by the Securities and Exchange Commission) or otherwise.

“Recapitalization”
shall have the meaning set forth herein in Section 6.

“Registration
Agreement” shall mean that certain Registration Agreement, dated as of the
date hereof, by and among the Company, Sun and the other Persons listed on the
signature page thereto, as the same may be amended from time to time.

“Rights”
shall have the meaning set forth herein in Section 4(a).

“Sale of the
Company” shall mean any transaction or series of related transactions
pursuant to which any Person or group of related Persons (other than Sun or an
Affiliate of Sun) acquires (i) equity securities of the Company possessing
sufficient voting power under normal circumstances to elect a majority of the
Board, or (ii) all or substantially all of the Company’s and its subsidiaries’
assets (in either case, whether by merger, consolidation, sale or transfer of
the Company’s or its subsidiaries’ equity securities, sale or transfer of the
Company’s and its subsidiaries’ consolidated assets or otherwise).

“Securities Act”
shall mean the Securities Act of 1933, as amended, or any successor federal
statute, and the rules and regulations promulgated thereunder, all as amended,
modified or supplemented from time to time.

“Selling
Stockholder” shall have the meaning set forth herein in Section 2.2(a).

“Stockholder”
shall mean Sun, the Minority Stockholders and each other Person who shall
acquire any shares of Common Stock from the Company, Sun or the Minority
Stockholders and their respective heirs, executors, successors and assigns in
accordance with the terms and conditions of this Agreement.

“Transfer”
shall mean any sale, pledge, gift, assignment or other transfer or disposition.

“Voting Common
Stock” shall mean the Voting Common Stock, $0.001 par value per share, of
the Company as constituted on the date hereof and any stock into which any such
Voting Common Stock shall have been changed or any stock resulting from any
reclassification of any such Voting Common Stock.

2.                                       Restriction
on Transfer of Common Stock by Minority Stockholders.

2.1                                 General.  The Minority Stockholders shall not Transfer
any shares of Common Stock (except in connection with an Exempt Transfer) and
the Company shall not register the Transfer of, or otherwise permit the
Transfer of, any shares of Common Stock by any Minority Stockholders (except in
connection with an Exempt Transfer) unless (a) such Transfer has been
consummated in accordance with the terms hereof and (b) the new

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holder thereof shall
first have become a party to this Agreement and shall have agreed in writing to
be bound by all of the terms and conditions hereof applicable to the Minority
Stockholders.  Any Transfer of Common
Stock by any Minority Stockholder which is not consummated in accordance with
this Agreement shall be void.

2.2                                 Limited
Right to Dispose of Common Stock.

(a)                                  Bona
Fide Offer to Purchase Common Stock. 
If any Minority Stockholder (or any of his, her or its transferees)
shall at any time desire to Transfer all or any part of his, her or its shares
of Common Stock as permitted under the terms of this Agreement, such Person
(the “Selling Stockholder”) shall first obtain a bona fide written offer
which such Selling Stockholder desires to accept (the “Outside Offer”)
to purchase all or any portion of such Selling Stockholder’s Common Stock for a
fixed cash price payable in full at the closing of such transaction.  The Outside Offer shall set forth its date,
the proposed purchase price, the number of shares of Common Stock proposed to
be purchased, and the other terms and conditions upon which the purchase is
proposed to be made, as well as the name and address of the Prospective
Purchaser.  “Prospective Purchaser”,
as used herein, shall mean the prospective record owner or owners of the shares
of Common Stock which are the subject of the Outside Offer and all other
Persons proposed to have a beneficial interest in such Common Stock.  The Selling Stockholder shall transmit copies
of the Outside Offer to the Company and Sun within five (5) days after the
Selling Stockholder’s receipt of the Outside Offer.

(b)                                 Option
of Company and Sun.

(i)                                     As
a result of the foregoing transmittal of the Outside Offer, the Selling
Stockholder shall be deemed to have offered in writing to sell to the Company
all, but not less than all, of such Selling Stockholder’s shares of Common
Stock which are proposed to be purchased in the Outside Offer at the price and
upon the terms and conditions set forth in the Outside Offer.  For a period of ten (10) days after such
deemed offer by the Selling Stockholder to the Company, the Company shall have
the option, exercisable by written notice to the Selling Stockholder, to accept
the Selling Stockholder’s offer, in whole and not in part, as to the Selling
Stockholder’s shares of Common Stock that are the subject of the Outside Offer.

(ii)                                  If
the Company does not exercise its option set forth in the preceding Section
2.2(b)(i), the Selling Stockholder shall be deemed to have offered in
writing to sell to Sun all, but not less than all, of such Selling Stockholder’s
shares of Common Stock which are proposed to be sold in the Outside Offer at
the price and upon the terms and conditions set forth in the Outside
Offer.  For a period of ten (10)
days after such deemed offer by the Selling Stockholder to Sun, Sun shall have
the option, exercisable by written notice to the Selling Stockholder, to accept
the Selling Stockholder’s offer, in whole and not in part, as to the Selling

 4
 

 

Stockholder’s
shares of Common Stock that are the subject of the Outside Offer.

(c)                                  Acceptance
of the Bona Fide Offer.  If, at the
end of the option periods described in Section 2.2(b) hereof, the option
has not been exercised either by the Company or Sun to purchase all of the
Selling Stockholder’s shares of Common Stock proposed to be purchased in the
Outside Offer, the Selling Stockholder shall be free for a period of forty-five
(45) days thereafter to Transfer up to the number of shares of his, her or
its Common Stock proposed to be purchased in the Outside Offer to the
Prospective Purchaser at the price and upon the terms and conditions set forth
in the Outside Offer, provided that the Prospective Purchaser is not a Person
that, directly or indirectly (whether as sole proprietor, partner, manager,
consultant, director, officer, employee or agent), owns, manages, operates,
controls, finances, engages or participates in the ownership, management,
operation or control of any Person that competes with the Company.  If such Common Stock is not so transferred
within the forty-five (45) day period, the Selling Stockholder shall not be
permitted to Transfer such Common Stock without again complying with this Section
2.2.

(d)                                 Applicability
of Restrictions.  Notwithstanding
anything contained in this Agreement to the contrary, the restrictions on the
Transfer of Common Stock set forth in this Section 2.2 shall not
apply to Sun or any of its Affiliates and shall not apply with respect to an
Exempt Transfer by a Minority Stockholder.

3.                                       Tag-Along
Rights; Drag-Along Rights.

3.1.                              Tag-Along
Rights.  Subject to Section 3.1(f):

(a)                                  If
Sun at any time proposes to Transfer any shares of Common Stock, then, as a
condition precedent thereto, Sun shall afford the Minority Stockholders the
right to participate in such Transfer in accordance with this Section 3.1.

(b)                                 If
Sun wishes to Transfer any shares of Common Stock, it shall give written notice
to the Minority Stockholders (a “Notice of Transfer”) not less than ten
(10) nor more than thirty (30) days prior to any proposed Transfer of any such
shares.  Each such Notice of Transfer
shall:

(i)                                     specify
in reasonable detail (A) the number of shares of Common Stock which Sun
proposes to Transfer, (B) the identity of the proposed transferee or
transferees of such shares, (C) the time within which, the price per share at
which, and all other terms and conditions upon which, Sun proposes to Transfer
such shares of Common Stock and (D) a representation that such proposed
transferees have been informed of the tag-along rights provided for in this Section 
3.1 and have agreed to purchase shares of Common Stock in accordance with
the terms hereof;

 5
 

 

(ii)                               make
explicit reference to this Section 3.1 and state that the right of the
Minority Stockholders to participate in such Transfer under this Section 3.1
shall expire unless exercised within ten (10) days after receipt of such Notice
of Transfer; and

(iii)                            contain
an irrevocable offer by Sun to the Minority Stockholders to participate in the
proposed Transfer to the extent provided in Section 3.1(c).

(c)                                  Each
Minority Stockholder shall have the right to participate in the proposed
Transfer by transferring to the proposed transferee or transferees up to that
number of shares of Common Stock owned by such Minority Stockholders which is
equal to the Applicable Percentage (as hereinafter defined) (or, if such Minority
Stockholders shall elect, any lesser percentage) of the shares of Common Stock
proposed to be transferred by Sun, at the same price per share and on the same
terms and conditions as are applicable to the proposed Transfer by Sun (and, if
and to the extent such Minority Stockholders shall exercise such right, then
the number of shares of Common Stock to be sold by Sun in such transaction
shall be correspondingly reduced).  As
used herein, the term “Applicable Percentage” as applied to a Minority
Stockholder on any date shall mean a fraction (expressed as a percentage), the
numerator of which is the aggregate number of shares of Common Stock (including
securities convertible into or exchangeable for Common Stock) owned by such
Minority Stockholder on such date and the denominator of which is the total
number of shares of Common Stock (including securities convertible into or
exchangeable for Common Stock) owned by all Stockholders on such date
(calculated on a fully diluted basis).

(d)                                 Each
Minority Stockholder must notify Sun, within ten (10) days after receipt of the
Notice of Transfer, if he, she or it desires to accept such offer and to
Transfer any shares of Common Stock owned by such Person in accordance with
this Section 3.1.  The failure of
a Minority Stockholder to provide such notice within such ten (10) day period
shall, for the purposes of this Section 3.1, be deemed to constitute a
waiver by such Person of his, her or its right to sell any of his, her or its
shares of Common Stock in connection with the proposed Transfer described in
such Notice of Transfer.  Sun will use
its commercially reasonable efforts to obtain the agreement of the prospective
transferee or transferees to the participation of the Minority Stockholders in
such proposed Transfer.  The Minority
Stockholders shall not be obligated to sell any shares of Common Stock pursuant
to this Section 3.1.  Any and all
sales of Common Stock by any of the Minority Stockholders pursuant to this Section
3.1 shall be made concurrently with the Transfer of Common Stock by Sun.

(e)                                  If
the Transfer described in any Notice of Transfer is not consummated within
ninety (90) days following the date upon which such Notice of Transfer is given
or if there is any change in the terms pursuant to which such Transfer is to be
consummated, then, prior to consummating such Transfer, Sun must again comply
with the provisions of this Section 3.1.

 6
 

 

(f)                                    Notwithstanding
anything to the contrary contained in this Section 3.1, the Minority
Stockholders shall not have any rights pursuant to this Section 3.1 to
participate (i) in any Exempt Transfer by Sun or (ii) any one or more Transfers
by Sun not to exceed in the aggregate ten percent (10%) of the number of shares
of Common Stock owned by Sun as of the date hereof.

3.2                                 Drag-Along
Rights.

(a)                                  Each
holder of Minority Shares hereby agrees that if at any time the Board or Sun
elects to enter into a transaction which is likely to result in a Sale of the
Company to a Person (upon such election, an “Approved Sale”), each
holder of Minority Shares will vote for, consent to and raise no objections
against such Approved Sale, regardless of the consideration being paid in such
Approved Sale, so long as such Approved Sale complies with this Section 3.2.  Subject to the provisions of Section
3.2(b), if the Approved Sale is structured (x) as a merger or
consolidation, each such holder will waive any dissenters rights, appraisal
rights or similar rights in conjunction with such merger or consolidation, (y)
as a sale of equity, each such holder of Minority Shares will agree to sell up
to all of such holder’s Minority Shares on the terms and conditions approved by
Sun, or (z) as a sale of assets, each such holder will vote in favor of any
subsequent liquidation or other distribution of the proceeds therefrom in
accordance with the Company’s Certificate of Incorporation as approved by
Sun.  The Company and each holder of
Minority Shares will take all actions requested by Sun in connection with the
consummation of an Approved Sale, including the execution of all agreements,
documents and instruments in connection therewith requested of the Company or
such holder by Sun or of such holder by the Company.

(b)                                 Upon
the consummation of the Approved Sale, each holder of Minority Shares
participating in such Approved Sale will receive the same portion of the
aggregate consideration available to be distributed to the stockholders of the
Company (in their capacity as such) that such Stockholders participating in
such sale (in their capacity as stockholders of the Company) would have
received if such aggregate consideration had been distributed by the Company in
complete liquidation pursuant to the rights and preferences set forth in the
Certificate of Incorporation as in effect immediately before such Approved
Sale; provided, however, that in the case of a Stockholder who
holds options or warrants exercisable into Common Stock which have not yet been
exercised, the consideration received shall be deemed to be reduced (for
purposes of such Stockholder’s consideration only) by such option’s and/or
warrant’s exercise price.

(c)                                  Each
holder of Minority Shares participating in such Approved Sale will be obligated
to join on a pro rata basis (applied such that after giving effect thereto, the
aggregate consideration paid to each holder of Minority Shares would comply
with the provisions of Section 3.2(b)) in any purchase price
adjustments, indemnification or other obligations that the sellers of Minority
Shares are required to provide in connection with an Approved Sale.
Notwithstanding

 7
 

 

anything to the contrary contained herein, in Sun’s sole discretion,
all or a portion of the proceeds with respect to an Approved Sale may be
withheld from each seller of such Minority Shares pending the execution of such
documents or posting of such security as Sun deems necessary or appropriate in
its sole discretion to cover any purchase price adjustments, indemnification or
other obligations, or other contingent claims or payments of the Company, Sun
or any seller of Minority Shares.

(d)                                 If
the Company enters into a negotiation for an Approved Sale or an Approved Sale
transaction for which Rule 506 (or any similar rule then in effect) under the
Securities Act may be available with respect to such negotiation or transaction
(including a merger, consolidation or other reorganization), the holders of
Minority Shares will, at the request of the Board, appoint a purchaser
representative (as such term is defined in Rule 501 under the Securities Act)
reasonably acceptable to the Board.  If
any holder of Minority Shares appoints a purchaser representative designated by
the Board, the Company will pay the fees of such purchaser representative, but
if any holder of Minority Shares declines to appoint the purchaser
representative designated by the Board, then such holder will appoint another
purchaser representative and such holder will be responsible for the fees of
the purchaser representative so appointed.

(e)                                  Holders
of Minority Shares will bear their pro rata share (applied such that after
giving effect thereto, the aggregate consideration paid to each holder of
Minority Shares would comply with the provisions of Section 3.2(b)) of
the costs of any sale of such Minority Shares pursuant to an Approved Sale to
the extent such costs are incurred for the benefit of all holders of Minority
Shares participating in such Approved Sale and are not otherwise paid by the
Company or the acquiring party.  Costs
incurred by holders of Minority Shares on their own behalf will not be
considered costs of the transaction hereunder; it being understood that the
fees and disbursements of one counsel chosen by Sun will be deemed for the
benefit of all holders of Minority Shares participating in such Approved Sale.

(f)                                    If
any holder of Minority Shares fails to deliver any certificates representing
its Minority Shares as required by this Section 3.2 or Section 6
below, or fails to deliver in lieu thereof, a customary affidavit (with
customary indemnification provisions) attesting to the loss or destruction of
such certificate(s), such holder (i) will not be entitled to the consideration
that such holder would otherwise receive in the Approved Sale or in a
Recapitalization (as defined in Section 6 below) until such holder cures
such failure (provided that, after curing such failure, such holder will
be so entitled to such consideration without interest), (ii) will be deemed,
for all purposes, from and after the time at which such certificates were due
for presentment, no longer to be a Stockholder of the Company and will have no
voting rights, (iii) will not be entitled to any dividends or other
distributions declared after the Approved Sale or Recapitalization with respect
to the Minority Shares held by such holder, (iv) will have no other rights or
privileges granted to Stockholders under this or any future agreement, and (v)
in the event of liquidation of the Company, such holder shall have no right to
receive

 8
 

 

any of the consideration that such holder would have received if such
holder had complied with this Section 3.2 or Section 6 below.

4.                                       Preemptive
Rights.

(a)                                  Notice
and Exercise.  The Company shall,
prior to any proposed issuance by the Company to Sun or its Affiliates of any
shares of capital stock or securities representing the right to acquire shares
of capital stock (“Rights”) (other than debt securities with no equity
feature), offer to the Minority Stockholders by written notice the right, for a
period of ten (10) days from the date on which such notice is postmarked, hand
delivered or faxed, to purchase for cash at an amount equal to the price or
other consideration for which such capital stock or Rights are to be issued, a
number of such shares of capital stock or Rights so that, after giving effect
to such issuance (and the conversion, exercise and exchange into or for
(whether directly or indirectly) shares of capital stock of all Rights), each
such Minority Stockholder will continue to maintain his, her or its same
percentage equity ownership in the Company represented by the shares of Common
Stock owned by each such Minority Stockholder as of the date of such notice.

(b)                                 Exceptions.  Notwithstanding any other provision of this
Agreement to the contrary, the preemptive rights of the Minority Stockholders
pursuant to this Section 4 shall not apply to securities issued (A) upon
conversion or exchange of any of the shares of Common Stock, (B) as a stock
dividend or upon any subdivision of shares of Common Stock, (C) pursuant
to subscriptions, warrants, options, convertible securities, or other rights,
issued, or to be issued, under any stock incentive plan approved by the Board
and in place from time to time for the benefit of the Company’s directors,
employees, consultants or independent contractors or (D) to any Person
other than Sun or its Affiliates; provided, further, that nothing
in this Section 4 shall give any Minority Stockholder the right to
acquire Voting Common Stock of the Company or any other securities or capital
stock of the Company that have voting rights.

(c)                                  Acceptance.  The Company’s written notice to the Minority
Stockholders shall describe the capital stock or Rights proposed to be issued
by the Company to Sun or its Affiliates and specify the number of shares, price
and payment terms.  Each Minority
Stockholder may accept the Company’s offer as to the full number of shares of
capital stock or Rights offered to him, her or it or any lesser number, by
written notice thereof given by him, her or it to the Company prior to the
expiration of the aforesaid 10-day period, in which event the Company shall
promptly sell and each Minority Stockholder shall buy, upon the terms
specified, the number of shares of capital stock or Rights agreed to be
purchased by such Person.  The Company
shall be free at any time prior to ninety (90) days after the date of its
notice of offer to the Minority Stockholders, to offer and sell to Sun or its
Affiliates the remainder of such capital stock or Rights proposed to be issued
by the Company (including but not limited to the securities not agreed by the
Minority Stockholders to be purchased by them), at a price and on payment terms

 9
 

 

no less
favorable to the Company than those specified in such notice of offer to the
Minority Stockholders.

5.                                       Voting
and Proxy.

(a)                                  Each
Minority Stockholder agrees to vote the shares of Common Stock owned or
controlled by it, him or her in the manner specified by Sun with respect to:
(i) any sale of all or substantially all of the assets of the Company or any of
its subsidiaries to a Person not an Affiliate of Sun; (ii) any acquisition, merger
or consolidation involving the Company or any of its subsidiaries in which a
Person (or group of Persons acting in concert) not an Affiliate (or Affiliates)
of Sun shall own in excess of fifty percent (50%) of the surviving corporation
following such acquisition, merger or consolidation; (iii) any transaction to
which Section 3.1, Section 3.2 or Section 6 applies; (iv)
the election of the members of the Board; and (v) any other matter on which the
stockholders of a Delaware corporation generally have a right to vote.

(B)                                EACH
MINORITY STOCKHOLDER HEREBY GRANTS TO SUN AN IRREVOCABLE PROXY TO VOTE ALL
SHARES OF COMMON STOCK NOW OR HEREAFTER OWNED OR CONTROLLED BY EACH OF THEM AT
ANY ANNUAL OR SPECIAL MEETING OF THE STOCKHOLDERS OF THE COMPANY, OR BY WRITTEN
CONSENT IN LIEU OF SUCH A MEETING,  IN
ACCORDANCE WITH THE AGREEMENTS CONTAINED IN THIS AGREEMENT; PROVIDED, HOWEVER,
NOTWITHSTANDING THE FOREGOING, ANY PROXY GRANTED PURSUANT TO THIS SECTION 5
SHALL AUTOMATICALLY TERMINATE ON THE DATE THIS AGREEMENT TERMINATES PURSUANT TO
SECTION 7 BELOW.   EACH MINORITY
STOCKHOLDER ACKNOWLEDGES AND AGREES THAT THE PROXY GRANTED PURSUANT TO THIS SECTION
5(B) IS COUPLED WITH AN INTEREST.

6.                                       Public
Offering.   In the event that the
Board approves a Public Offering, then each holder of Minority Shares will vote
for, consent to and raise no objections against such proposed Public Offering,
and will take all such other necessary or desirable actions requested by Sun in
connection with the consummation of such Public Offering, including, without
limitation, compliance with the requirements of all laws and regulatory bodies
which are applicable or which have jurisdiction over such Public Offering and
waiving any dissenters’ rights, appraisal rights, approval rights or similar rights
in connection with such Public Offering, and executing all agreements,
documents and instruments in connection therewith in the form presented by the
Board.  Without limiting the foregoing,
in the event that such Public Offering is an underwritten offering and the
managing underwriters advise the Company in writing that in their opinion the
Company’s capital structure would adversely affect the marketability of the
offering, each holder of Minority Shares will consent to and vote for a
recapitalization, merger, reorganization or exchange (each, a “Recapitalization”)
of any class of Minority Shares into securities that the managing underwriters
and Sun reasonably find acceptable and

 10

 

desirable in order to permit such offering to proceed
and will take all necessary and desirable actions in connection with the
consummation of such Recapitalization, including executing all agreements,
documents and instruments in connection therewith in the form presented by the
Board; provided that any resulting securities (which may be only one
class of securities) will take into account the rights and preferences of each class of securities under the Certificate of
Incorporation as if a liquidation had occurred, including, without limitation,
any accrued and unpaid dividends owed to any holder of securities.  Nothing contained in this Section 6
will be deemed to amend, modify or limit in any way the restrictions on the
issuance of securities set forth in any agreement to which the Company is a
party to or by which it is bound.  The
provisions of Section 3(f) shall apply to any Recapitalization as set
forth therein.

7.                                       Legends.  So long as any shares of Common Stock are
subject to the provisions of this Agreement, all certificates or instruments
representing any such shares of Common Stock shall bear a legend in
substantially the following form:

THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE SOLD,
TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION TO THE REGISTRATION
REQUIREMENTS OF SUCH ACT AND SUCH LAWS.

THE SECURITIES
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS OF THE STOCKHOLDERS’ AGREEMENT
DATED AS OF FEBRUARY 2, 2006 AMONG THE ISSUER HEREOF AND CERTAIN OTHER PERSONS,
A TRUE AND CORRECT COPY OF WHICH IS ON FILE AT THE ISSUER’S CHIEF EXECUTIVE
OFFICE.  UPON WRITTEN REQUEST TO THE
ISSUER, A COPY THEREOF WILL BE MAILED OR OTHERWISE PROVIDED WITHOUT CHARGE
WITHIN TEN (10) DAYS OF RECEIPT OF SUCH REQUEST TO APPROPRIATELY INTERESTED
PERSONS.

In the case of Minority
Stockholders who reside in Canada, so long as any shares of Common Stock are
subject to the provisions of this Agreement, all certificates or instruments
representing any such shares of Common Stock shall bear an additional legend in
substantially the following form:

UNLESS PERMITTED
UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE
SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF (I)
FEBRUARY 2, 2006 AND 

 11
 

 

(II) THE DATE THE
ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY.

8.                                       Termination
of this Agreement.  This Agreement
shall automatically terminate on the last to occur of (a) the date on
which Sun and its Affiliates no longer own or control at least twenty-five
percent (25%) of the Common Stock on a fully-diluted basis and (b) the
date on which Sun and its Affiliates no longer control the Board.  Notwithstanding anything to the contrary in
this Agreement, from and after the time that is immediately prior to the
effectiveness of a Securities Act registration statement relating to a Public
Offering, Sun shall have the right, in its sole discretion, to terminate all or
any portion of this Agreement and, following such a termination, the provisions
so terminated shall no longer have any force or effect.

9.                                       Notices.  All communications provided for herein shall
be in writing and sent (a) by facsimile if the sender on the same day
sends a confirming copy of such communication by a recognized overnight
delivery service (charges prepaid), (b) by a recognized overnight delivery
service (charges prepaid), or (c) by messenger. 
The respective addresses of the parties hereto for the purposes of this
Agreement are set forth on Exhibit A attached hereto.  Any party may change its address (or facsimile
number) by notice to each of the other parties in accordance with this Section
9.  The date of giving or making of
any such communication shall be, in the case of clauses (a) and (c), the
date of the receipt; and, in the case of clause (b), the business day next
following the date such communication is sent.

10.                                 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective heirs,
executors, successors and assigns, who, upon acceptance thereof, shall, without
further action, be (i) entitled to enforce the applicable provisions and
enjoy the applicable benefits hereof and (ii) bound by the terms and
conditions hereof.

11.                                 Amendment
and Waiver. Except as otherwise provided herein, no modification,
amendment, or waiver of any provision of this Agreement will be effective
unless such modification, amendment, or waiver is approved in writing by the
Company and Sun; provided, that in the event that such modification,
amendment or waiver would materially and adversely affect a holder or group of
holders of Common Stock in a manner substantially different than any other
holders of Common Stock, then such modification, amendment or waiver will
require the consent of such holder or group of holders of Common Stock, as
applicable, materially and adversely affected. 
Notwithstanding anything herein to the contrary, the execution of a
joinder hereto shall not be considered a modification, amendment or waiver of
any of the provisions of this Agreement.  The failure of any party to enforce any of
the provisions of this Agreement will in no way be construed as a waiver of
such provisions and will not affect the right of such party thereafter to
enforce each and every provision of this Agreement in accordance with its
terms.

12.                                 Remedies.  Any Person having rights under any provision
of this Agreement shall be entitled to enforce their rights under this
Agreement specifically to recover damages by

 12
 

 

reason of any breach of
any provision of this Agreement and to exercise all other rights existing in
their favor; provided, however, the parties hereto stipulate that
the remedies at law of any party hereto in the event of any default or
threatened default by any other party hereto in the performance of or
compliance with the terms hereof are not and will not be adequate and that, to
the fullest extent permitted by law, such terms may be specifically enforced
(without posting a bond or other security) by a decree for the specific
performance thereof, whether by an injunction against violation thereof or
otherwise.

13.                                 Governing
Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed
by and construed in accordance with the domestic laws of the State of Delaware
without giving effect to any choice or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that would cause
the application of the substantive laws of any jurisdiction other than the
State of Delaware.  Each party hereto
submits to the jurisdiction of any state or federal court sitting in the State
of Delaware, in any action or proceeding arising out of or relating to this
Agreement and agrees that all claims in respect of the action or proceeding may
be heard and determined in any such court. 
Each party also agrees not to bring any action or proceeding arising out
of or relating to this Agreement in any other court.  Each party hereto waives any defense of
inconvenient forum to the maintenance of any action or proceeding so brought
and waives any bond, surety, or other security that might be required of any
other party with respect thereto.  Any
party may make service on any other party by sending or delivering a copy of
the process to the party to be served at the address and in the manner provided
for the giving of notices in Section 9 above.  Each party agrees that a final judgment in
any action or proceeding so brought shall be conclusive and may be enforced by
suit on the judgment or in any other manner provided by law or at equity.  EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES
ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR OTHER PROCEEDING INSTITUTED
BY OR AGAINST SUCH PARTY IN RESPECT OF ITS, HIS OR HER OBLIGATIONS HEREUNDER OR
THE TRANSACTIONS CONTEMPLATED HEREBY.

14.                                 English
Language.  The parties to this Agreement agree that this Agreement and all
documents and notices relating to this Agreement shall be prepared in the
English language.  Les parties aux
présentes ont exigé que le présent contrat et tous autres contrats, documents
ou avis afférents aux présentes soient rédigés en langue anglaise.

15.                                 Severability.  Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal, or unenforceable in any respect under any applicable law or rule in
any jurisdiction, such invalidity, illegality, or unenforceability will not
affect any other provision or any other jurisdiction, but this Agreement will
be reformed, construed, and enforced in such jurisdiction as if such invalid,
illegal, or unenforceable provision had never been contained herein.

16.                                 Entire
Agreement. Except as otherwise expressly set forth herein, this Agreement,
those documents expressly referred to herein, and the other documents of even
date herewith embody the complete agreement and understanding among the parties
and supersede and

 13
 

 

preempt any prior
understandings, agreements, or representations by or among the parties, written
or oral, which may have related to the subject matter hereof in any way.

17.                                 Counterparts.  This Agreement may be executed in separate
counterparts each of which will be an original and all of which taken together
shall constitute one and the same agreement. 
Any counterpart may be executed by facsimile signature and such
facsimile signature shall be deemed an original.

18.                                 Further
Assurances.  The parties shall
execute and deliver all documents, provide all information, and take or refrain
from taking such actions as may be reasonably necessary or appropriate to
achieve the purposes of this Agreement.

19.                                 Stock
Certificates.  In order to facilitate
the Transfers contemplated by this Agreement, until the occurrence of a Sale of
the Company, all certificates evidencing Minority Shares held by any Minority
Stockholder shall be held by the Company for the benefit of such Minority
Stockholder.

20.                                 Descriptive
Headings.  The descriptive headings
of this Agreement are inserted for convenience only and do not constitute a
part of this Agreement.

[The remainder of this page is left blank
intentionally.]

 14

 

IN
WITNESS WHEREOF, the parties hereto have executed this Stockholders’ Agreement
on the day and year first above written.

	
  

  	
  INDALEX HOLDINGS FINANCE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Matthew Garff

  	
   

  
	
   

  	
  Name: Matthew Garff

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUN INDALEX, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Matthew Garff

  	
   

  
	
   

  	
  Name: Matthew Garff

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MINORITY STOCKHOLDERS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  H.I.G. SUN PARTNERS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sami Mnaymnen

  	
   

  
	
   

  	
  Name: Sami Mnaymnen

  
	
   

  	
  Title: Co-President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
    /s/ Glenn Oken

  	
   

  
	
   

  	
  Glenn Oken

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
    /s Gary Talarico

  	
   

  
	
   

  	
  Gary Talarico

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
    /s/ Tim Stubbs

  	
   

  
	
   

  	
  Tim Stubbs

  	
   

  

 

Signature
Page to Stockholders’ Agreement

 

Exhibit A

 

Addresses for Notices

(a)                                  If
to the Company, to it at:

Indalex Holdings Finance, Inc.

c/o Sun Capital Advisors IV, LP

5200 Town Center Circle, Suite 470

Boca Raton, Florida 
33486

Attention:                                          Marc J. Leder

Rodger R. Krouse

C. Deryl Couch

Telecopy No.:                      (561) 394-0540

 

with
a copy to:

Kirkland &
Ellis LLP

200 East
Randolph Drive

Chicago,
IL 60601

Attention:
Douglas C. Gessner

Telecopy No.:  (312)
861-2200

(b)                                 If
to Sun, to it at:

Sun Indalex, LLC

c/o Sun Capital Advisors IV, LP

5200 Town Center Circle, Suite 470

Boca Raton, Florida 
33486

Attention:                                         Marc J. Leder

Rodger R. Krouse

C. Deryl Couch

Telecopy No.:                      (561) 394-0540

 

with a copy to:

Kirkland &
Ellis LLP

200 East
Randolph Drive

Chicago,
IL 60601

Attention:                                         Douglas C. Gessner

Telecopy No.:                      (312) 861-2200

 

(c)                                  If
to a Minority Stockholder, to such Minority Stockholder at the last known address
of such Minority Stockholder contained in the records of the Company.

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