Document:

exv10w36

 

Exhibit 10.36

FIRST
AMENDMENT TO

FIRST AMENDED AND RESTATED INVESTORS AGREEMENT

     This First Amendment, dated as of May 17, 2005 (this “Amendment”), to the First Amended and
Restated Investors Agreement, dated February 10, 2005 (the “Investors Agreement”), is by and among
Cardtronics, Inc., a Delaware corporation (the “Company”), and the Securityholders listed on the
signature pages hereto, which Securityholders collectively hold of record at least 80% of the
outstanding shares of common stock of the Company determined in accordance with Section 6.14 of the
Investors Agreement (the “Consenting Holders”).

RECITALS

     WHEREAS, in connection with the proposed acquisition by the Company, or one or more existing
or newly formed subsidiaries, of all of the capital stock of Bank Machine (Acquisitions) Limited, a
company incorporated in England and Wales (the “Acquisition”), the Company has agreed to cause
Ronald Delnevo, the proposed Chief Executive officer of the Company’s operations in the United
Kingdom, to be appointed to the Board of Directors of the Company so long as he serves in such
capacity; and

     WHEREAS, the Investors Agreement contains certain provisions governing the composition of the
Board of Directors, and such provisions requiring amending in order to create an additional Board
seat that can be filled by Mr. Delveno;

     NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

AGREEMENTS

     1. Section 2.1(a) of the Investors Agreement is hereby amended and restated in its entirety to
read as follows:

  
   “(a) Size. The Board shall consist of ten directors subject to any
reductions in size contemplated by the remaining provisions of this Section 2.1 and
increases in size required under the circumstances described in Section 5(e) of the
Series B Certificate of Designations (each, a “Director”).”

     2. The first sentence of Section 2.1(b) of the Investors Agreement is hereby amended and
restated in its entirety to read as follows:

 
    “The nominees to stand for election to serve as a Director shall be: (i) two
individuals designated by the CapStreet Investors (the “CapStreet Designees”); (ii)
two individuals designated by the TA Investors (without duplication of the two
Directors elected under Section 2(a) of the Series B Certificate of Designations)
plus the number of “Additional Directors” as such term is defined in, and under the
circumstances described in, Section 5(e) of the Series B

1

 First Amendment to First Amended and Restated Investors Agreement

 

 

Certificate of Designations (the “TA Designees”); (iii) Ralph Clinard so long as his
Percentage Ownership (including, for purposes of calculating his Percentage
Ownership, any shares of Common Stock transferred by him to one or more of the
Persons described in clauses (c)(i) and (c)(ii) of the definition of Permitted
Transfer) equals or exceeds 10% (and, at any time Mr. Clinard’s Percentage Ownership
(calculated in the same manner) is less than 10%, unless the Nominating Committee
unanimously directs otherwise, the Company and the Securityholders shall take such
action as is necessary to remove Mr. Clinard from serving as a Director and to
reduce the size of the Board by one), (iv) the Chief Executive Officer of the
Company, (v) up to three Independent Directors designated by the Nominating
Committee in accordance with Section 2.6 and (vi) Ronald Delnevo, until the earlier
of (A) such time as he no longer serves as the Chief Executive Officer/Managing
Director of the Company’s subsidiary under which it conducts its operations in the
United Kingdom or (B) the consummation of the Company’s Initial Public Offering.”

     3. The effectiveness of this Amendment is subject to the consummation of the Acquisition.

     4. This Amendment may be executed in one or more counterparts, each of which when so executed
shall be deemed to be an original, but all of which when taken together shall constitute one and
the same instrument. Except as amended by this Amendment, the Investors Agreement shall remain in
full force and effect and is hereby ratified by the parties hereto.

2

 First Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	CARDTRONICS, INC.

 	 
	 	By:  	/s/ J. Chris Brewster
 	 
	 	 	J. Chris Brewster 	 
	 	 	Chief Financial Officer 	 
	 

 First Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	Securityholders:

CAPSTREET II, L.P.

 	 
	 	By:  	
CapStreet GP II, L.P.,
its general partner 	 
	 	 	 
	 	By:  	
 The CapStreet Group, LLC,
its general partner 	 
	 
	 	By:  	/s/ Katherine L. Kohlmeyer,
 	 
	 	 	Katherine L. Kohlmeyer,
 Chief Financial Officer 	 
	 
	 	CAPSTREET PARALLEL II, L.P.

 	 
	 	By:  	
The CapStreet Group, LLC,
its general partner 	 
	 	 	 
	 	By:  	/s/ Katherine L. Kohlmeyer
 	 
	 	 	 Katherine L. Kohlmeyer

Chief Financial Officer 	 
	 	 	 	 
	 

 First Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	TA IX L.P.
 	 
	 	 	 
	 	By:  	 TA Associates IX LLC, 
its General Partner 	 
	 	 	 
	 	By:  	 TA Associates, Inc.,
its General Partner 	 
	 	 	 
	 	By:  	 /s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its:  Managing Director 	 
	 
	 	TA/ATLANTIC AND PACIFIC IV L.P.
 	 
	 	 	 
	 	By:  	 TA Associates AP IV L.P., 
its General Partner 	 
	 	 	 
	 	By:  	 TA Associates, Inc., 

its General Partner
 	 
	 	 	 
	 	By:  	             /s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its: Managing Director 	 
	 
	 	TA/ATLANTIC AND PACIFIC V L.P.
 	 
	 	 	 
	 	By:  	 TA Associates AP V L.P., 
its General Partner
 	 
	 	 	 
	 	By:  	 TA Associates, Inc., 

its General Partner
 	 
	 	 	 
	 	By:  	            /s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its:  Managing Director 	 
	 

 First Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	TA STRATEGIC PARTNERS FUND A L.P.
 	 
	 	 	 
	 	By:  	 TA Associates SPF L.P., 

its General Partner
 	 
	 	 	 
	 	By:  	 TA Associates, Inc., 

its General Partner
 	 
	 	 	 
	 	By:  	/s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its: Managing Director 	 
	 
	 	TA STRATEGIC PARTNERS FUND B L.P.
 	 
	 	 	 
	 	By:  	 TA Associates SPF L.P., 

its General Partner
 	 
	 	 	 
	 	By:  	 TA Associates, Inc., 

its General Partner
 	 
	 	 	 
	 	By:  	      /s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its: Managing Director 	 
	 
	 	TA INVESTORS II, L.P.
 	 
	 	 	 
	 	By:  	 TA Associates, Inc., 
its General Partner
 	 
	 	 	 
	 	By:  	/s/ Roger B. Kafker
 	 
	 	 	Name:  	Roger B. Kafker	 
	 	 	Its:  Managing Director 	 
	 

 First Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date first set forth
above.

	 	 	 	 	 
	 	 	 
	 	                                                     /s/ Ralph H. Clinard
 	 
	 	Ralph H. Clinard 	 
	 	 	 
	 	 	 
	 	                                                     /s/ Michael H. Clinard
 	 
	 	Michael H. Clinard 	 
	 	 	 
	 	 	 
	 	                                                     /s/ Jack M. Antonini
 	 
	 	Jack M. Antonini 	 

 First Amendment to First Amended and Restated Investors Agreementexv10w37

 

Exhibit 10.37

SECOND AMENDMENT TO

FIRST AMENDED AND RESTATED INVESTORS AGREEMENT

     This Second Amendment, dated as of November      , 2007 (this “Amendment”), to the First
Amended and Restated Investors Agreement, dated February 10, 2005, as amended by the First Amendment
dated May 17, 2005, (the “Investors Agreement”), is
by and among Cardtronics, Inc., a Delaware corporation (the “Company”), and the Securityholders
listed on the signature pages hereto, which Securityholders collectively hold of record at least
80% of the outstanding shares of common stock of the Company determined in accordance with Section
6.4 of the Investors Agreement and a majority of the shares of common stock held by persons
entitled to vote pursuant to Section 6.14 of the Investors Agreement (the “Consenting Holders”).

RECITALS

     WHEREAS, the
Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration
Statement on Form S-1 (File No. 333-145929), as amended (the “Registration Statement”), relating to
the initial public offering of the Company’s common stock (the “Proposed IPO”); and

     WHEREAS, Proposed IPO will qualify as an “Underwritten Public Offering” as such term is
defined in the Investors Agreement; and

     WHEREAS, upon the closing of the Proposed IPO the Company and the Securityholders desire the
composition and governance of the Board of Directors to be determined by the Company’s certificate
of incorporation and bylaws, in each case as amended and in effect at such time and thereafter; and

     WHEREAS, the Investors Agreement contains certain provisions in Article 2 governing the
composition of the Board of Directors, and the Company and the Consenting Holders wish to amend
the Investors Agreement to provide that such provisions do not survive an Underwritten Public
Offering.

     NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

AGREEMENTS

     1. Section 6.11 of the Investors Agreement is hereby amended and restated in its entirety to
read as follows:

6.11 Termination. A Person that ceases to own any Securities shall cease to be a party to
this Agreement and shall have no further rights under this Agreement; provided, such Person
shall remain liable for any breach by such Person of the terms of this Agreement that
occurred prior to such Person ceasing to be a holder of Securities; and provided

Second Amendment to First Amended and Restated Investors Agreement

1

 

further, that such Person shall continue to have the rights under Sections 6.1 through 6.10
and 6.17 until this Agreement is terminated in its entirety. Notwithstanding the fact that
a Securityholder ceases to own Securities, such Securityholder shall remain bound by the
terms of Section 6.12. Other than the provisions contained in Article 1, Section 5.1, Sections 6.1
through 6.10 and Section 6.17 (which shall continue to survive), the terms and provisions of
this Agreement shall terminate upon the closing of an Underwritten Public Offering.

     2. Section 6.4 of the Investors Agreement is hereby amended and restated in its entirety to
read as follows:

6.4 Amendment;Waiver. Except as provided in the remaining sentences of this Section 6.4,
this Agreement may not be terminated and no provision of this Agreement may be terminated,
amended or otherwise modified except by an instrument in writing executed by the Company
(with approval of the Board) and the approval of holders of at least 80% of the outstanding
shares of Common Stock held of record by the Securityholders taking into account the consent
methodology set forth in Section 6.14. Notwithstanding the foregoing, any amendment,
modification or termination of any provision of this Agreement that, based on the subject
matter of the items affected by any such amendment or modification, would affect any
Securityholder in a manner adversely and disproportionately to the manner in which a
similarly situated Securityholder is affected thereby may be effected only with the consent
of such disproportionately and adversely affected Securityholders holding a majority of the
shares of Common Stock held thereby.

     3. The
effectiveness of this Amendment is subject to the SEC declaring the Registration Statement effective and the execution
of the underwriting agreement for the Proposed IPO by all parties thereto.

     4. This Amendment may be executed in one or more counterparts, each of which when so executed
shall be deemed to be an original, but all of which when taken together shall constitute one and
the same instrument. Except as amended by this Amendment, the Investors Agreement shall remain in
full force and effect and is hereby ratified by the parties hereto.

Second Amendment to First Amended and Restated Investors Agreement

2

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	CARDTRONICS, INC.	
 
	 	 	 
	 	By:  	 	 
	 	 	J. Chris Brewster 	 
	 	 	Chief Financial Officer 	 
	 

Second Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 	 	 
	 	 	Securityholders:	 	 
	 
	 	 	 	 	 	 
	 	 	CAPSTREET II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	CapStreet GP II, L.P., its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	The CapStreet Group, LLC,

its general partner	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Katherine L. Kohlmeyer,	 	 
	 

	 	 	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	CAPSTREET PARALLEL II, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	The CapStreet Group, LLC, its general partner	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Katherine L. Kohlmeyer	 	 
	 

	 	 	 	Chief Financial Officer	 	 

Second Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	TA IX L.P.

By:  TA Associates IX LLC, its General Partner

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its:                        	Managing Director 
	 
	 	TA/ATLANTIC AND PACIFIC IV L.P.

By:  TA Associates AP IV L.P., its General Partner

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its:	Managing Director  
	 
	 	TA/ATLANTIC AND PACIFIC V L.P.

By:  TA Associates AP V L.P., its General Partner

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its:  	Managing Director 
	 

Second Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and is effective as of the date first set
forth above.

	 	 	 	 	 
	 	TA STRATEGIC PARTNERS FUND A L.P.

By:  TA Associates SPF L.P., its General Partner

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its:       	Managing Director 
	 
	 	TA STRATEGIC PARTNERS FUND B L.P.

By:  TA Associates SPF L.P., its General Partner

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its: 	Managing Director 
	 
	 	TA INVESTORS II, L.P.

By:  TA Associates, Inc., its General Partner

 	 
	 	By:  	
 	 
	 	 	Name:  	Michael A.R. Wilson 	 
	 	 	Its: 	Managing Director 
	 

Second Amendment to First Amended and Restated Investors Agreement

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date first set forth
above.

	 	 	 
	 

	 	 

Ralph H. Clinard, individually and in his
capacity as co-trustee of the Clinard Family
Trust for the benefit of Kristi Labis, the
Clinard Family Trust for the benefit of
Korrine Levine, the Clinard Family Trust for
the benefit of Andrea Bishop, and the Clinard
Family Trust for the benefit of Michael
Clinard
	 
	 	 
	 
	 	 
	 

	 	 

Laura Clinard, individually and in her
capacity as co-trustee of the Ralph Clinard
Family Trust
	 
	 	 
	 
	 	 
	 

	 	 

Michael H. Clinard, individually and in
his capacity as co-trustee of the Clinard
Family Trust for the benefit of Kristi Labis,
the Clinard Family Trust for the benefit of
Korrine Levine, the Clinard Family Trust for
the benefit of Andrea Bishop, the Clinard
Family Trust for the benefit of Michael
Clinard, and the Ralph Clinard Family Trust
	 
	 	 
	 
	 	 
	 

	 	 

Jack M. Antonini

Second Amendment to First Amended and Restated Investors Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]