Document:

Exhibit 10.52

 

INDEMNIFICATION
AGREEMENT

 

THIS
INDEMNIFICATION AGREEMENT (the “Agreement”)
is made and entered into as of
                      ,
     20     between Generac Holdings
Inc., a Delaware corporation (the “Company”),
and       (“Indemnitee”).  Capitalized
terms not defined elsewhere in this Agreement are used as defined in Section 13.

 

WHEREAS, highly competent persons have become more
reluctant to serve corporations as directors or officers or in other capacities
unless they are provided with adequate protection through insurance or adequate
indemnification against inordinate risks of claims and actions against them
arising out of their service to and activities on behalf of the corporation;

 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in
order to attract and retain qualified individuals, the Company will attempt to
maintain on an ongoing basis, at its sole expense, liability insurance to
protect persons serving the Company and its subsidiaries from certain liabilities.  Although the furnishing of such insurance has
been a customary and widespread practice among United States-based corporations
and other business enterprises, the Company believes that, given current market
conditions and trends, such insurance may be available to it in the future only
at higher premiums and with more exclusions. 
At the same time, directors, officers, and other persons in service to
corporations or business enterprises are being increasingly subjected to
expensive and time-consuming litigation relating to, among other things,
matters that traditionally would have been brought only against the Company or
business enterprise itself.  The
certificate of incorporation of the Company (as amended, the “Charter”)
requires indemnification of the officers and directors of the Company.  Indemnitee may also be entitled to
indemnification pursuant to the General Corporation Law of the State of
Delaware (“DGCL”).  The Charter and the DGCL expressly provide
that the indemnification provisions set forth therein are not exclusive, and
thereby contemplate that contracts may be entered into between the Company and
members of the board of directors, officers and other persons with respect to
indemnification;

 

WHEREAS, the uncertainties relating to such insurance
and to indemnification have increased the difficulty of attracting and
retaining such persons;

 

WHEREAS, the Board has determined that the increased
difficulty in attracting and retaining such persons is detrimental to the best
interests of the Company’s stockholders and that the Company should act to
assure such persons that there will be increased certainty of such protection
in the future;

 

WHEREAS, it is reasonable, prudent and necessary for
the Company contractually to obligate itself to indemnify, and to advance
expenses on behalf of, such persons to the fullest extent permitted by
applicable law so that they will serve or continue to serve the Company free
from undue concern that they will not be so indemnified;

 

WHEREAS, this Agreement is a supplement to and in
furtherance of the Charter of the Company and any resolutions adopted pursuant
thereto, and shall not be deemed a substitute therefor, nor to diminish or
abrogate any rights of Indemnitee thereunder; and

 

 

WHEREAS, Indemnitee does not regard the protection
available under the Company’s Charter and insurance as adequate in the present
circumstances, and may not be willing to serve as an officer or key employee
without adequate protection, and the Company desires Indemnitee to serve in
such capacity.  Indemnitee is willing to
serve, continue to serve and to take on additional service for or on behalf of
the Company on the condition that he be so indemnified.

 

NOW, THEREFORE, in
consideration of Indemnitee’s agreement to serve as an officer or key employee
from and after the date hereof, the parties hereto agree as follows:

 

1.             Indemnity of Indemnitee.  The Company
hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent
permitted by law, as such may be amended from time to time.  In furtherance of the foregoing
indemnification, and without limiting the generality thereof:

 

(a)           Proceedings Other Than Proceedings by or
in the Right of the Company.  Indemnitee
shall be entitled to the rights of indemnification provided in this Section l(a) if,
by reason of his Corporate Status, Indemnitee is, or is threatened to be made,
a party to or participant in any Proceeding other than a Proceeding by or in
the right of the Company.  Pursuant to
this Section 1(a), Indemnitee shall be indemnified against all
Expenses, judgments, penalties, fines and amounts paid in settlement actually
and reasonably incurred by him, or on his behalf, in connection with such
Proceeding or any claim, issue or matter therein, if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company, and with respect to any criminal Proceeding,
had no reasonable cause to believe Indemnitee’s conduct was unlawful.

 

(b)           Proceedings by or in the Right of the
Company.  Indemnitee shall be entitled to the rights of
indemnification provided in this Section 1(b) if, by reason of
his Corporate Status, Indemnitee is, or is threatened to be made, a party to or
participant in any Proceeding brought by or in the right of the Company.  Pursuant to this Section 1(b),
Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by Indemnitee, or on Indemnitee’s behalf, in connection with such
Proceeding if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Company; provided, however, if applicable law so provides, no indemnification
against such Expenses shall be made in respect of any claim, issue or matter in
such Proceeding as to which Indemnitee shall have been adjudged to be liable to
the Company unless and to the extent that the Court of Chancery of the State of
Delaware shall determine that such indemnification may be made.

 

(c)           Indemnification for Expenses of a Party
Who is Wholly or Partly Successful. 
Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is, by reason of his Corporate Status, a party to and is
successful, on the merits or otherwise, in any Proceeding, he shall be
indemnified to the maximum extent permitted by law, as such may be amended from
time to time, against all Expenses actually and reasonably incurred by him or
on his behalf in connection therewith. 
If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by him or on his
behalf in connection with 

 

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each successfully
resolved claim, issue or matter.  For
purposes of this Section 1(c) and without limitation, the
termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed to be a successful result as to such
claim, issue or matter.

 

2.             Additional Indemnity.  In addition
to, and without regard to any limitations on, the indemnification provided for
in Section 1 of this Agreement, the Company shall and hereby does
indemnify and hold harmless Indemnitee against all Expenses, judgments,
penalties, fines and amounts paid in settlement actually and reasonably
incurred by him or on his behalf if, by reason of his Corporate Status, he is,
or is threatened to be made, a party to or participant in any Proceeding
(including a Proceeding by or in the right of the Company), including, without
limitation, all liability arising out of the negligence or active or passive
wrongdoing of Indemnitee.  The only
limitation that shall exist upon the Company’s obligations pursuant to this
Agreement shall be that the Company shall not be obligated to make any payment
to Indemnitee that is finally determined (under the procedures, and subject to
the presumptions, set forth in Sections 6 and 7 hereof) to be
unlawful.

 

3.             Contribution.

 

(a)           Whether or not the indemnification
provided in Sections 1 and 2 hereof is available, in respect of
any threatened, pending or completed action, suit or proceeding in which the
Company is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), the Company shall pay, in the first instance, the
entire amount of any judgment or settlement of such action, suit or proceeding
without requiring Indemnitee to contribute to such payment and the Company
hereby waives and relinquishes any right of contribution it may have against
Indemnitee.  The Company shall not,
without the Indemnitee’s prior written consent, enter into any such settlement
of any action, suit or proceeding (in whole or in part) unless such settlement (i) provides
for a full and final release of all claims asserted against Indemnitee and (ii) does
not impose any Expense, judgment, fine, penalty or limitation on Indemnitee.

 

(b)           Without diminishing or impairing the
obligations of the Company set forth in the preceding subparagraph, if, for any
reason, Indemnitee shall elect or be required to pay all or any portion of any
judgment or settlement in any threatened, pending or completed action, suit or
proceeding in which the Company is jointly liable with Indemnitee (or would be
if joined in such action, suit or proceeding), the Company shall contribute to
the amount of Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred and paid or payable by Indemnitee in
proportion to the relative benefits received by the Company and all officers,
directors or employees of the Company, other than Indemnitee, who are jointly
liable with Indemnitee (or would be if joined in such action, suit or
proceeding), on the one hand, and Indemnitee, on the other hand, from the
transaction from which such action, suit or proceeding arose; provided,
however, that the proportion determined on the basis of relative benefit may,
to the extent necessary to conform to law, be further adjusted by reference to
the relative fault of the Company and all officers, directors or employees of
the Company other than Indemnitee who are jointly liable with Indemnitee (or
would be if joined in such action, suit or proceeding), on the one hand, and
Indemnitee, on the other hand, in connection with the events that resulted in
such expenses, judgments, fines or settlement amounts, as well as any other
equitable considerations which the Law may require to be considered.  The relative fault of the 

 

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Company and all
officers, directors or employees of the Company, other than Indemnitee, who are
jointly liable with Indemnitee (or would be if joined in such action, suit or
proceeding), on the one hand, and Indemnitee, on the other hand, shall be
determined by reference to, among other things, the degree to which their
actions were motivated by intent to gain personal profit or advantage, the degree
to which their liability is primary or secondary and the degree to which their
conduct is active or passive.

 

(c)           The Company hereby agrees to fully
indemnify and hold Indemnitee harmless from any claims of contribution which
may be brought by officers, directors or employees of the Company, other than
Indemnitee, who may be jointly liable with Indemnitee.

 

(d)           To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of
indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be
paid in settlement and/or for Expenses, in connection with any claim relating
to an indemnifiable event under this Agreement, in such proportion as is deemed
fair and reasonable in light of all of the circumstances of such Proceeding in
order to reflect (i) the relative benefits received by the Company and Indemnitee
as a result of the event(s) and/or transaction(s) giving cause to
such Proceeding; and/or (ii) the relative fault of the Company (and its
directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

 

4.             Indemnification for Expenses of a Witness. 
Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is, by reason of his Corporate Status, a witness, or is made
(or asked to) respond to discovery requests, in any Proceeding to which
Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection
therewith.

 

5.             Advancement of Expenses. 
Notwithstanding any other provision of this Agreement, the Company shall
advance all Expenses incurred by or on behalf of Indemnitee in connection with
any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30)
days after the receipt by the Company of a statement or statements from
Indemnitee requesting such advance or advances from time to time, whether prior
to or after final disposition of such Proceeding.  Such statement or statements shall reasonably
evidence the Expenses incurred by Indemnitee and shall include or be preceded
or accompanied by a written undertaking by or on behalf of Indemnitee to repay
any Expenses advanced if it shall ultimately be determined that Indemnitee is
not entitled to be indemnified against such Expenses.  Any advances and undertakings to repay
pursuant to this Section 5 shall be unsecured and interest free.

 

6.             Procedures and Presumptions for Determination of
Entitlement to Indemnification.  It is the
intent of this Agreement to secure for Indemnitee rights of indemnity that are
as favorable as may be permitted under the DGCL and public policy of the State
of Delaware.  Accordingly, the parties
agree that the following procedures and presumptions shall apply in the event
of any question as to whether Indemnitee is entitled to indemnification under
this Agreement:

 

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(a)           To obtain indemnification under this
Agreement, Indemnitee shall submit to the Company a written request, including
therein or therewith such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to
what extent Indemnitee is entitled to indemnification.  The Secretary of the Company shall, promptly
upon receipt of such a request for indemnification, advise the Board of
Directors in writing that Indemnitee has requested indemnification.  Notwithstanding the foregoing, any failure of
Indemnitee to provide such a request to the Company, or to provide such a
request in a timely fashion, shall not relieve the Company of any liability
that it may have to Indemnitee unless, and to the extent that, such failure
actually and materially prejudices the interests of the Company.

 

(b)           Upon written request by Indemnitee for
indemnification pursuant to the first sentence of Section 6(a) hereof,
a determination with respect to Indemnitee’s entitlement thereto shall be made
in the specific case by one of the following four methods, which shall be at
the election of the board:  (1) by a
majority vote of the disinterested directors, even though less than a quorum, (2) by
a committee of disinterested directors designated by a majority vote of the
disinterested directors, even though less than a quorum, (3) if there are
no disinterested directors, or if the disinterested directors so direct, by
Independent Counsel in a written opinion to the Board of Directors, a copy of
which shall be delivered to Indemnitee, or (4) if so directed by the Board
of Directors, by the stockholders of the Company; provided, however, that if a
Change in Control has occurred, the determination with respect to Indemnitee’s
entitlement to indemnification shall be made by Independent Counsel.  For purposes hereof, disinterested directors
are those members of the board of directors of the Company who are not parties
to the action, suit or proceeding in respect of which indemnification is sought
by Indemnitee.

 

(c)           In the event the determination of
entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected as provided in this Section 6(c).
If a Change in Control has not occurred, the Independent Counsel shall be
selected by the Board of Directors (including a vote of a majority of the
Disinterested Directors if obtainable), and the Company shall give written
notice to the Indemnitee advising him of the identity of the Independent
Counsel so selected. Indemnitee may, within 10 days after such written notice
of selection shall have been given, deliver to the Company a written objection
to such selection; provided, however, that such objection may be asserted only
on the ground that the Independent Counsel so selected does not meet the
requirements of “Independent Counsel”
as defined in Section 13 of this Agreement, and the objection shall
set forth with particularity the factual basis of such assertion.  Absent a proper and timely objection, the
person so selected shall act as Independent Counsel.  If a written objection is made and
substantiated, the Independent Counsel selected may not serve as Independent
Counsel unless and until such objection is withdrawn or a court has determined
that such objection is without merit.  If
a Change in Control has occurred, the Independent Counsel shall be selected by
the Indemnitee (unless the Indemnitee shall request that such selection be made
by the Board of Directors, in which event the preceding sentence shall apply),
and approved by the Board of Directors (which approval shall not be
unreasonably withheld). If (i) an Independent Counsel is to make the
determination of entitlement pursuant to this Section 6, and (ii) within
20 days after submission by Indemnitee of a written request for indemnification
pursuant to Section 6(a) hereof, no Independent Counsel shall
have been selected and not objected to, either the Company or Indemnitee may
petition the 

 

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Court of Chancery
of the State of Delaware or other court of competent jurisdiction for
resolution of any objection which shall have been made by Indemnitee to the
Company’s selection of Independent Counsel and/or for the appointment as
Independent Counsel of a person selected by the court or by such other person
as the court shall designate, and the person with respect to whom all
objections are so resolved or the person so appointed shall act as Independent
Counsel under Section 6(b) hereof.  The Company shall pay any and all reasonable
fees and expenses of Independent Counsel incurred by such Independent Counsel
in connection with acting pursuant to Section 6(b) hereof, and
the Company shall pay all reasonable fees and expenses incident to the
procedures of this Section 6(c), regardless of the manner in which
such Independent Counsel was selected or appointed.

 

(d)           In making a determination with respect to
entitlement to indemnification hereunder, the person or persons or entity
making such determination shall presume that Indemnitee is entitled to
indemnification under this Agreement. 
Anyone seeking to overcome this presumption shall have the burden of
proof and the burden of persuasion by clear and convincing evidence.  Neither the failure of the Company (including
by its directors or independent legal counsel) to have made a determination
prior to the commencement of any action pursuant to this Agreement that indemnification
is proper in the circumstances because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by
its directors or independent legal counsel) that Indemnitee has not met such
applicable standard of conduct, shall be a defense to the action or create a
presumption that Indemnitee has not met the applicable standard of conduct.

 

(e)           Indemnitee shall be deemed to have acted
in good faith if Indemnitee’s action is based on the records or books of
account of the Enterprise, including financial statements, or on information
supplied to Indemnitee by the officers of the Enterprise in the course of their
duties, or on the advice of legal counsel for the Enterprise or on information
or records given or reports made to the Enterprise by an independent certified
public accountant or by an appraiser or other expert selected with reasonable
care by the Enterprise.  In addition, the
knowledge and/or actions, or failure to act, of any director, officer, agent or
employee of the Enterprise shall not be imputed to Indemnitee for purposes of
determining the right to indemnification under this Agreement.  Whether or not the foregoing provisions of
this Section 6(e) are satisfied, it shall in any event be
presumed that Indemnitee has at all times acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the
Company.  Anyone seeking to overcome this
presumption shall have the burden of proof and the burden of persuasion by
clear and convincing evidence.

 

(f)            If the person, persons or entity
empowered or selected under this Section 6 to determine whether
Indemnitee is entitled to indemnification shall not have made a determination
within sixty (60) days after receipt by the Company of the request therefor,
the requisite determination of entitlement to indemnification shall be deemed
to have been made and Indemnitee shall be entitled to such indemnification
absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law; provided, however,
that such 60-day period may be extended for a reasonable time, not to exceed an
additional thirty (30) days, if the person, persons or entity making such
determination with respect to entitlement to indemnification in 

 

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good faith
requires such additional time to obtain or evaluate documentation and/or
information relating thereto; and provided, further, that the foregoing
provisions of this Section 6(f) shall not apply if the
determination of entitlement to indemnification is to be made by the
stockholders pursuant to Section 6(b) of this Agreement and if
(A) within fifteen (15) days after receipt by the Company of the request
for such determination, the Board of Directors or the Disinterested Directors,
if appropriate, resolve to submit such determination to the stockholders for
their consideration at an annual meeting thereof to be held within seventy-five
(75) days after such receipt and such determination is made thereat, or (B) a
special meeting of stockholders is called within fifteen (15) days after such
receipt for the purpose of making such determination, such meeting is held for
such purpose within sixty (60) days after having been so called and such
determination is made thereat.

 

(g)           Indemnitee shall cooperate with the
person, persons or entity making such determination with respect to Indemnitee’s
entitlement to indemnification, including providing to such person, persons or
entity upon reasonable advance request any documentation or information which
is not privileged or otherwise protected from disclosure and which is
reasonably available to Indemnitee and reasonably necessary to such
determination.  Any Independent Counsel,
member of the Board of Directors or stockholder of the Company shall act
reasonably and in good faith in making a determination regarding Indemnitee’s
entitlement to indemnification under this Agreement.  Any costs or expenses (including attorneys’
fees and disbursements) incurred by Indemnitee in so cooperating with the
person, persons or entity making such determination shall be borne by the
Company (irrespective of the determination as to Indemnitee’s entitlement to
indemnification) and the Company hereby indemnifies and agrees to hold
Indemnitee harmless therefrom.

 

(h)           The Company acknowledges that a
settlement or other disposition short of final judgment may be successful if it
permits a party to avoid expense, delay, distraction, disruption and
uncertainty.  In the event that any
action, claim or proceeding to which Indemnitee is a party is resolved in any
manner other than by adverse judgment against Indemnitee (including, without
limitation, settlement of such action, claim or proceeding with or without
payment of money or other consideration) it shall be presumed that Indemnitee
has been successful on the merits or otherwise in such action, suit or
proceeding.  Anyone seeking to overcome
this presumption shall have the burden of proof and the burden of persuasion by
clear and convincing evidence.

 

(i)            The termination of any Proceeding or of
any claim, issue or matter therein, by judgment, order, settlement or
conviction, or upon a plea of nolo contendere or its equivalent, shall not
(except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that
Indemnitee did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Company or, with
respect to any criminal Proceeding, that Indemnitee had reasonable cause to
believe that his conduct was unlawful.

 

7.             Remedies of Indemnitee.

 

(a)           In the event that (i) a
determination is made pursuant to Section 6 of this Agreement that
Indemnitee is not entitled to indemnification under this Agreement, (ii) 

 

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advancement of
Expenses is not timely made pursuant to Section 5 of this
Agreement, (iii) no determination of entitlement to indemnification is
made pursuant to Section 6(b) of this Agreement within 90 days
after receipt by the Company of the request for indemnification, (iv) payment
of indemnification is not made pursuant to this Agreement within ten (10) days
after receipt by the Company of a written request therefor or (v) payment
of indemnification is not made within ten (10) days after a determination
has been made that Indemnitee is entitled to indemnification or such
determination is deemed to have been made pursuant to Section 6 of
this Agreement, Indemnitee shall be entitled to an adjudication in an
appropriate court of the State of Delaware, or in any other court of competent
jurisdiction, of Indemnitee’s entitlement to such indemnification, contribution
or advancement of Expenses. 
Alternatively, Indemnitee, at his option, may seek an award in
arbitration to be conducted by a single arbitrator pursuant to the Commercial
Arbitration Rules of the American Arbitration Association.  Except as set forth herein, the provisions of
Delaware law (without regard to its conflict of law rules) shall apply to any
such arbitration.  The Company shall not
oppose Indemnitee’s right to seek any such adjudication or award in
arbitration.

 

(b)           In the event that a determination shall
have been made pursuant to Section 6(b) of this Agreement that
Indemnitee is not entitled to indemnification, any judicial proceeding
commenced pursuant to this Section 7 shall be conducted in all
respects as a de novo trial, or arbitration, on the merits, and Indemnitee
shall not be prejudiced by reason of the adverse determination under Section 6(b).  In any judicial proceeding or arbitration
commenced pursuant to this Section 7, Indemnitee shall be presumed
to be entitled to indemnification under this Agreement and the Company shall
have the burden of proving Indemnitee is not entitled to indemnification or
advancement of Expenses, as the case may be, and the Company may not refer to
or introduce into evidence any determination pursuant to Section 6(b) of
this Agreement adverse to Indemnitee for any purpose.  If Indemnitee commences a judicial proceeding
or arbitration pursuant to this Section 7, Indemnitee shall not be
required to reimburse the Company for any advances pursuant to Section 5
until a final determination is made with respect to Indemnitee’s entitlement to
indemnification (as to which all rights of appeal have been exhausted or
lapsed).

 

(c)           If a determination shall have been made
pursuant to Section 6(b) of this Agreement that Indemnitee is
entitled to indemnification, the Company shall be bound by such determination
in any judicial proceeding commenced pursuant to this Section 7,
absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s misstatement not materially
misleading in connection with the application for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

 

(d)           In the event that Indemnitee, pursuant to
this Section 7, seeks a judicial adjudication of his rights under,
or to recover damages for breach of, this Agreement, or to recover under any
directors’ and officers’ liability insurance policies maintained by the
Company, the Company shall pay on his behalf, in advance, any and all expenses
(of the types described in the definition of Expenses in Section 13
of this Agreement) actually and reasonably incurred by him in such judicial
adjudication, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, advancement of expenses or insurance
recovery.

 

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(e)           The Company shall be precluded from
asserting in any judicial proceeding commenced pursuant to this Section 7
that the procedures and presumptions of this Agreement are not valid, binding
and enforceable and shall stipulate in any such court that the Company is bound
by all the provisions of this Agreement. 
The Company shall indemnify Indemnitee against any and all Expenses and,
if requested by Indemnitee, shall (within ten (10) days after receipt by
the Company of a written request therefore) advance, to the extent not
prohibited by law, such expenses to Indemnitee, which are incurred by
Indemnitee in connection with any action brought by Indemnitee for
indemnification or advance of Expenses from the Company under this Agreement or
under any directors’ and officers’ liability insurance policies maintained by
the Company, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, advancement of Expenses or insurance
recovery, as the case may be.

 

(f) 
Notwithstanding anything in this Agreement to the contrary, no determination as
to entitlement to indemnification under this Agreement shall be required to be
made prior to the final disposition of the Proceeding.

 

8.             Non-Exclusivity; Survival of Rights; Insurance; Primacy
of Indemnification; Subrogation.

 

(a)           The rights of indemnification and to
receive advancement of expenses as provided by this Agreement shall not be
deemed exclusive of any other rights to which Indemnitee may at any time be
entitled under applicable law, the Certificate of Incorporation, the By-laws,
any agreement, a vote of stockholders, a resolution of directors or otherwise,
of the Company.  No amendment, alteration
or repeal of this Agreement or of any provision hereof shall limit or restrict
any right of Indemnitee under this Agreement in respect of any action taken or
omitted by such Indemnitee in his Corporate Status prior to such amendment,
alteration or repeal.  To the extent that
a change in the DGCL, whether by statute or judicial decision, permits greater
indemnification than would be afforded currently under the Certificate of
Incorporation, By-laws and this Agreement, it is the intent of the parties
hereto that Indemnitee shall enjoy by this Agreement the greater benefits so
afforded by such change.  No right or
remedy herein conferred is intended to be exclusive of any other right or
remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law
or in equity or otherwise.  The assertion
or employment of any right or remedy hereunder, or otherwise, shall not prevent
the concurrent assertion or employment of any other right or remedy.

 

(b)           The Company shall obtain and maintain in
effect during the entire period for which the Company is obligated to indemnify
Indemnitee under this Agreement, one or more policies of insurance with
reputable insurance companies to provide the directors of the Company with
coverage for losses from wrongful acts and omissions and to ensure the Company’s
performance of its indemnification obligations under this Agreement.  Indemnitee shall be covered by such policy or
policies in accordance with its or their terms to the maximum extent of the
coverage available for any such officer or director under such policy or
policies.  In all such insurance
policies, Indemnitee shall be named as an insured in such a manner as to
provide Indemnitee with the same rights and benefits as are accorded to the
most favorably 

 

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insured of the
Company’s directors and officers.  At the
time of the receipt of a notice of a claim pursuant to the terms hereof, the
Company shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in the respective policies.  The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of
Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies.

 

(c)           In the event of any payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all
of the rights of recovery of Indemnitee (other than against the Fund
Indemnitors), who shall execute all papers required and take all action
necessary to secure such rights, including execution of such documents as are
necessary to enable the Company to bring suit to enforce such rights.

 

(d)           The Company shall not be liable under
this Agreement to make any payment of amounts otherwise indemnifiable hereunder
if and to the extent that Indemnitee has otherwise actually received such
payment under any insurance policy, contract, agreement or otherwise.

 

(e)           The Company’s obligation to indemnify or
advance Expenses hereunder to Indemnitee who is or was serving at the request
of the Company as a director, officer, employee or agent of any other
corporation, partnership, joint venture, trust, employee benefit plan or other
Enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification or advancement of expenses from such other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise.

 

9.             Exception to Right of Indemnification. Notwithstanding any provision in this
Agreement, the Company shall not be obligated under this Agreement to make any
indemnity in connection with any claim made against Indemnitee:

 

(a)           for which payment has actually been made
to or on behalf of Indemnitee under any insurance policy or other indemnity
provision, except with respect to any excess beyond the amount paid under any
insurance policy or other indemnity provision; or

 

(b)           for an accounting of profits made from
the purchase and sale (or sale and purchase) by Indemnitee of securities of the
Company within the meaning of Section 16(b) of the Exchange Act or
similar provisions of state statutory law or common law; or

 

(c)           for reimbursement to the Company of any bonus or other
incentive-based or equity-based compensation or of any profits realized by
Indemnitee from the sale of securities of the Company in each case as required
under the Exchange Act; or

 

(d)           in connection with any Proceeding (or any part of any
Proceeding) initiated by Indemnitee, including any Proceeding (or any part of
any Proceeding) initiated by Indemnitee against the Company or its directors,
officers, employees or other indemnitees, unless (i) the Company has
joined in or the Board of Directors of the Company authorized the Proceeding
(or any part of any Proceeding) prior to its initiation, (ii) the Company
provides the indemnification, in its sole discretion, pursuant to the
powers vested in the Company under 

 

10

 

applicable law, or (iii) the Proceeding is one to enforce
Indemnitee’s rights under this Agreement.

 

10.           Non-Disclosure
of Payments. Except as expressly required by the securities
laws of the United
States of America, neither party shall disclose any payments under this
Agreement unless prior approval of the other party is obtained. If any payment
information must be disclosed, the Company shall afford the Indemnitee an
opportunity to review all such disclosures and, if requested, to explain in
such statement any mitigating circumstances regarding the events to be
reported.

 

11.           Duration of Agreement.  All agreements
and obligations of the Company contained herein shall continue upon the later
of (a) ten (10) years after the date that Indemnitee shall have
ceased to serve as an officer or key employee of the Company or a director,
officer, trustee, partner, managing member, fiduciary, employee or agent of any
other corporation, partnership, joint venture, trust, employee benefit plan or
other Enterprise which Indemnitee served at the request of the Company; or (b) one
(1) year after the final termination of any Proceeding (including any
rights of appeal thereto) in respect of which Indemnitee is granted rights of
indemnification or advancement of Expenses hereunder and of any Proceeding
commenced by Indemnitee pursuant to Section 7 of this Agreement
relating thereto (including any rights of appeal of any Section 7
Proceeding.  This Agreement shall be
binding upon and inure to the benefit of and be enforceable by the parties
hereto and their respective successors (including any direct or indirect
successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business or assets of the Company), assigns, spouses,
heirs, executors and personal and legal representatives.

 

12.           Security.  To the extent
requested by Indemnitee and approved by the Board of Directors of the Company,
the Company may at any time and from time to time provide security to
Indemnitee for the Company’s obligations hereunder through an irrevocable bank
line of credit, funded trust or other collateral.  Any such security, once provided to
Indemnitee, may not be revoked or released without the prior written consent of
Indemnitee.

 

13.           Definitions.  For purposes
of this Agreement:

 

(a)           “Change in Control” shall be
deemed to occur upon the earliest to occur after the date of this Agreement of
any of the following events:

 

(i)  Acquisition of Stock by Third Party.  Any Person, other than CCMP and its
affiliates and other than a trustee or other fiduciary holding securities under
an employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company,  is or becomes the Beneficial Owner, directly
or indirectly, of securities of the Company representing fifty (50%) or more of
the combined voting power of the Company’s then outstanding securities;

 

(ii)  Change in Board of Directors.  During any period of 

 

11

 

two (2) consecutive years (not including any period
prior to the execution of this Agreement), individuals who at the beginning of
such period constitute the Board, and any new director (other than a director
designated by a person who has entered into an agreement with the Company to
effect a transaction described in Section 13(a)(i), 13(a)(iii) or
13(a)(iv)) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of
the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a least a majority of the members
of the Board;

 

(iii)  Corporate Transactions. 
The effective date of a merger or consolidation of the Company with any
other entity, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior to such merger
or consolidation continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) more than 51%
of the combined voting power of the voting securities of the surviving entity
outstanding immediately after such merger or consolidation and with the power
to elect at least a majority of the board of directors or other governing body
of such surviving entity; and

 

(iv)  Liquidation.  The
approval by the stockholders of the Company of a complete liquidation of the
Company or an agreement or series of agreements for the sale or disposition by
the Company of all or substantially all of the Company’s assets, or, if such
approval is not required, the decision by the Board to proceed with such a
liquidation, sale, or disposition in one transaction or a series of related transactions.

 

(b)           “Beneficial Owner” shall have the
meaning given to such term in Rule 13d-3 under the Exchange Act; provided,
however, that Beneficial Owner shall exclude any Person otherwise becoming a
Beneficial Owner by reason of the stockholders of the Company approving a
merger of the Company with another entity.

 

(c)           “Corporate Status” describes the status of a person who is or
was a director, officer, employee, agent or fiduciary of the Company, any
direct or indirect subsidiary of the Company, or of any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise
that such person is or was serving at the request of the Company.

 

(d)           “Disinterested Director” means a director of the Company who is
not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.

 

12

 

(e)           “Enterprise” shall mean the Company and any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise
that Indemnitee is or was serving at the request of the Company as a director,
officer, employee, agent or fiduciary.

 

(f)            “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended.

 

(g)           “Expenses” shall include all reasonable attorneys’ fees,
retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges,
postage, delivery service fees and all other disbursements or expenses of the
types customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, participating, or being or preparing to
be a witness in a Proceeding, or responding to, or objecting to, a request to
provide discovery in any Proceeding. 
Expenses also shall include Expenses incurred in connection with any
appeal resulting from any Proceeding and any federal, state, local or foreign
taxes imposed on Indemnitee as a result of the actual or deemed receipt of any
payments under this Agreement, including without limitation the premium,
security for, and other costs relating to any cost bond, supersede as bond, or
other appeal bond or its equivalent. 
Expenses, however, shall not include amounts paid in settlement by Indemnitee
or the amount of judgments or fines against Indemnitee.

 

(h)           “Independent Counsel” means a law firm, or a member of a law
firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent:  (i) the Company or Indemnitee in any
matter material to either such party (other than with respect to matters
concerning Indemnitee under this Agreement, or of other indemnitees under
similar indemnification agreements), or (ii) any other party to the
Proceeding giving rise to a claim for indemnification hereunder.  Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in
representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. 
The Company agrees to pay the reasonable fees of the Independent Counsel
referred to above and to fully indemnify such counsel against any and all
Expenses, claims, liabilities and damages arising out of or relating to this
Agreement or its engagement pursuant hereto.

 

(i)            “Person” shall have the meaning as
set forth in Sections 13(d) and 14(d) of the Exchange Act; provided,
however, that Person shall exclude (i) the Company, (ii) any trustee
or other fiduciary holding securities under an employee benefit plan of the
Company, and (iii) any corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company.

 

(j)            “Proceeding” includes any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in
which Indemnitee was, is or will be involved as a party or otherwise, by reason
of the fact that Indemnitee is or was an officer or key employee of the
Company, by reason of 

 

13

 

any action taken by him or of any inaction on his part while acting as
an officer or key employee of the Company, or by reason of the fact that he is
or was serving at the request of the Company as a director, officer, employee,
agent or fiduciary of another corporation, partnership, joint venture, trust or
other Enterprise; in each case whether or not he is acting or serving in any
such capacity at the time any liability or expense is incurred for which
indemnification can be provided under this Agreement; including one pending on
or before the date of this Agreement, but excluding one initiated by an
Indemnitee pursuant to Section 7 of this Agreement to enforce his
rights under this Agreement.

 

14.           Severability.  If any
provision or provisions of this Agreement shall be held to be invalid, illegal
or unenforceable for any reason whatsoever: (a) the validity, legality,
and enforceability of the remaining provisions of this Agreement (including,
without limitation, each portion of any Section, paragraph or sentence of this
Agreement containing any such provision held to be invalid, illegal or unenforceable,
that is not itself invalid, illegal or unenforceable) shall not in any way be
affected or impaired thereby and shall remain enforceable to the fullest extent
permitted by law; (b) such provision or provisions shall be deemed
reformed to the fullest extent necessary to conform to applicable law and to
give the maximum effect to the intent of the parties hereto; and (c) to
the fullest extent possible, the provisions of this Agreement (including,
without limitation, each portion of any Section, paragraph or sentence of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby.  Without limiting the generality of the
foregoing, this Agreement is intended to confer upon Indemnitee indemnification
rights to the fullest extent permitted by applicable laws.

 

15.           Enforcement and Binding Effect.

 

(a)           The Company expressly confirms and agrees
that it has entered into this Agreement and assumed the obligations imposed on
it hereby in order to induce Indemnitee to serve as an officer or key employee
of the Company, and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving as an officer or key employee of the Company.

 

(b)           Without limiting any of the rights of
Indemnitee under the Charter or Bylaws of the Company as they may be amended
from time to time, this Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the
parties hereto with respect to the subject matter hereof.

 

(c)           The indemnification and advancement of
expenses provided by, or granted pursuant to this Agreement shall be binding
upon and be enforceable by the parties hereto and their respective successors
and assigns (including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the business or
assets of the Company), shall continue as to an Indemnitee who has ceased to be
a director, officer, employee or agent of the Company or of any other
Enterprise at the Company’s request, and shall inure to the benefit of Indemnitee
and his or her spouse, assigns, heirs, devisees, executors and administrators
and other legal representatives.

 

14

 

(d)           The Company shall require and cause any
successor (whether direct or indirect by purchase, merger, consolidation or
otherwise) to all, substantially all or a substantial part, of the business
and/or assets of the Company to expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession had taken place.

 

(e)           The Company and Indemnitee agree herein
that a monetary remedy for breach of this Agreement, at some later date, may be
inadequate, impracticable and difficult of proof, and further agree that such
breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto
agree that Indemnitee may enforce this Agreement by seeking injunctive relief
and/or specific performance hereof, without any necessity of showing actual
damage or irreparable harm and that by seeking injunctive relief and/or
specific performance, Indemnitee shall not he precluded from seeking or
obtaining any other relief to which he may be entitled. The Company and
Indemnitee further agree that Indemnitee shall be entitled to such specific
performance and injunctive relief, including temporary restraining orders,
preliminary injunctions and permanent injunctions, without the necessity of
posting bonds or other undertaking in connection therewith. The Company acknowledges
that in the absence of a waiver, a bond or undertaking may be required of
Indemnitee by the Court, and the Company hereby waives any such requirement of
such a bond or undertaking.

 

16.           Modification and Waiver.  No
supplement, modification, termination or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provisions
hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver.

 

17.           Notice By Indemnitee.  Indemnitee
agrees promptly to notify the Company in writing upon being served with or
otherwise receiving any summons, citation, subpoena, complaint, indictment,
information or other document relating to any Proceeding or matter which may be
subject to indemnification covered hereunder. 
The failure to so notify the Company shall not relieve the Company of
any obligation which it may have to Indemnitee under this Agreement or
otherwise.

 

18.           Notices.  All notices
and other communications given or made pursuant to this Agreement shall be in
writing and shall be deemed effectively given: 
(a) upon personal delivery to the party to be notified, (b) when
sent by confirmed electronic mail or facsimile if sent during normal business
hours of the recipient, and if not so confirmed, then on the next business day,
(c) five (5) days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or (d) one (1) day
after deposit with a nationally recognized overnight courier, specifying next
day delivery, with written verification of receipt.  All communications shall be sent:

 

(a)           To Indemnitee at the address set forth
below Indemnitee signature hereto.

 

(b)           To the Company at:

 

15

 

Generac Holdings Inc.

S45 W29290 Hwy. 59

Waukesha, WI 53187

Attention: Chief
Executive Officer

 

or to such other
address as may have been furnished to Indemnitee by the Company or to the
Company by Indemnitee, as the case may be.

 

19.           Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
Agreement.  This Agreement may also be
executed and delivered by facsimile signature and in two or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

20.           Headings.  The headings
of the paragraphs of this Agreement are inserted for convenience only and shall
not be deemed to constitute part of this Agreement or to affect the
construction thereof.

 

21.           Usage of Pronouns.  Use of the
masculine pronoun shall be deemed to include usage of the feminine pronoun
where appropriate.

 

22.Governing
Law and Consent to Jurisdiction.  This Agreement
and the legal relations among the parties shall be governed by, and construed
and enforced in accordance with, the laws of the State of Delaware, without
regard to its conflict of laws rules. The Company and Indemnitee hereby
irrevocably and unconditionally (i) agree that any action or proceeding
arising out of or in connection with this Agreement shall be brought only in
the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court
in the United States of America or any court in any other country, (ii) generally
and unconditionally consent to submit to the exclusive jurisdiction of the
Delaware Court for purposes of any action or proceeding arising out of or in
connection with this Agreement, (iii) waive any objection to the laying of
venue of any such action or proceeding in the Delaware Court, and (iv) waive,
and agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court has been brought in an improper or inconvenient
forum.  The foregoing consent to
jurisdiction shall not constitute general consent to service of process in the
state for any purpose except as provided above, and shall not be deemed to
confer rights on any person other than the parties to this Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

 

16

 

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

 

 

	
   

  	
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  INDEMNITEE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
   

  
	
   

  	
  Address:

  
	
   

  	
   

  
						

 

17Exhibit 10.55

 

EXECUTION COPY

 

MANAGEMENT SUBSCRIPTION AND STOCK PURCHASE AGREEMENT

 

This
MANAGEMENT SUBSCRIPTION AND STOCK PURCHASE AGREEMENT (the “Agreement”)  is entered into as of November 10,
2006, by and between GPS CCMP Acquisition Corp., a Delaware corporation (the “Company”), and the person or entity
identified on the signature page hereto as the subscriber (the “Subscriber”).

 

W I T N E S S E T H :

 

WHEREAS,
on the terms and subject to the conditions set forth herein, the Subscriber
desires to subscribe for and purchase, and the Company is willing to sell to
the Subscriber, in exchange for cash, shares of the Company’s class B voting
common stock, par value $0.01 per share (“Class B Common Stock”); and

 

WHEREAS,
the Company, through the merger of its wholly owned subsidiary, GPS CCMP Merger
Corp. (“Merger Sub”), with and into
Generac Power Systems, Inc., a Wisconsin corporation (“Generac”), intends to consummate its
acquisition of all of the outstanding capital stock and other ownership
interests of Generac (the “Merger”)  pursuant to
that certain Agreement and Plan of Merger, dated September 13, 2006 (the “Merger Agreement”), by and among
the Company, Generac and Merger Sub, effective as of November 10, 2006;
and

 

WHEREAS,
the Subscriber will receive good and valuable consideration upon the
consummation of the Merger; and

 

WHEREAS,
in connection with the execution and delivery of this Agreement, the Subscriber
is entering into a Shareholders’ Agreement, by and among the Company, the
Subscriber and the other parties contemplated to be signatories thereto; and

 

WHEREAS,
as a material inducement to the Company to enter into this Agreement, the
Subscriber has agreed to execute and deliver to the Company a Confidentiality,
Non-Competition and Intellectual Property Agreement.

 

NOW,
THEREFORE, in order to implement the foregoing and in consideration of the
mutual representations, warranties, covenants and agreements contained herein
and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, and intending to be legally bound hereby, the parties
hereto agree as follows:

 

ARTICLE I

 

PURCHASE AND SALE OF SHARES

 

1.1          Sale and Issuance
of Shares. Subject to the terms and conditions of this  Agreement, the
Subscriber does hereby subscribe for and agree to purchase at the Closing (as
defined below), and the Company does hereby agree to sell to the Subscriber at
the Closing, the number of shares of Class B Common Stock set forth in the
column “Aggregate Class B Common Shares” and opposite the name of the
Subscriber on the signature page hereto

 

 

(collectively,
the “Shares”)  for the total
purchase price set forth below the column “Total Purchase Price” and opposite
the name of the Subscriber on the signature page hereto (the “Purchase Price”).

 

1.2          Closing.
Subject to Articles IV, V and VI below, the closing of the purchase and sale of
the Shares (the “Closing”)  shall occur
simultaneously with the closing of the Merger. Payment of the Purchase Price
shall be made at the Closing by delivery of a wire transfer of same day funds
denominated in U.S. dollars or delivery of a check payable to the Company,
unless otherwise approved in writing by the Company. In furtherance of the
foregoing, payment of all or a portion of the Purchase Price may be effected by
delivery to the Company of a letter of direction from the Subscriber, directing
the Company to pay or apply all or a portion of the consideration payable to
Subscriber under the Merger Agreement in satisfaction of Subscriber’s obligations
under this Article I.

 

ARTICLE II

 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The
Company represents and warrants to the Subscriber that:

 

2.1          Organization and
Standing. The Company is a corporation duly organized, validly existing and
in good standing under the laws of the State of Delaware and has all requisite
corporate power and authority to carry on its business as now conducted and as
proposed to be conducted. As of the Closing: (i) the authorized and
outstanding capital stock of the Company will be set forth in Schedule 2.1 and (ii) all
of the outstanding capital stock of the Company will be duly authorized,
validly issued, fully paid and nonassessable, free and clear of all liens, and,
subject to reliance upon all accredited investor representations made by the
purchasers, will be issued pursuant to a valid exception from the registration
requirements of applicable state and federal laws and regulations concerning
the issuance of securities. The consideration per share paid (or to be paid) for
such capital stock is as set forth in Schedule 2.1. Except as disclosed in
Schedule 2.1 except as otherwise contained in the Shareholder’s Agreement (as
defined below), there are no preemptive or other outstanding rights, options,
warrants, conversion rights or similar agreements or understandings for the
purchase or acquisition of the Company’s capital stock. Except as set forth in
the Advisory Services and Monitoring Agreement dated as of November 10,
2006, by and among the Company, Generac Acquisition Corp., Generac, CCMP
Capital Advisors, LLC (“Capital Advisors”), CCMP Capital
Asia Pte. Ltd. and CCMP Capital Asia Consulting Company Ltd., there are no fees
payable by the Company to Capital Advisors or its Affiliates.

 

2.2          Authorization. The Company
has full corporate power and authority to  execute and deliver this
Agreement and all other agreements and instruments contemplated hereby to which
the Company is a party and to perform its obligations hereunder and thereunder.
All corporate action on the part of the Company necessary for the
authorization, execution, delivery and performance of this Agreement by the
Company, and for the authorization, issuance and delivery of the Shares being
sold under this Agreement, has been taken. This Agreement, when executed and
delivered by all parties hereto, shall constitute the valid and legally binding
obligation of the Company, except to the extent the enforceability thereof may
be limited by

 

2

 

bankruptcy
laws, insolvency laws, reorganization laws, moratorium laws or other laws
affecting creditors’ rights generally or by general equitable principles.

 

2.3          Formation. The
Company was formed solely for the purpose of engaging in the transactions
contemplated by the Merger Agreement. The Company has not owned, operated or
conducted any businesses or activities or incurred any liabilities other than
in connection with its organization and the negotiation and execution of the
Merger Agreement.

 

2.4          Validity of Shares.
The Shares, when issued, sold and delivered in accordance with the terms of
this Agreement, shall be duly and validly issued, and fully paid and
nonassessable, free and clear of all liens and encumbrances (other than those
created by the Subscriber).

 

2.5          Securities Act.
The sale of Shares in accordance with the terms of this Agreement (assuming the
accuracy of the representations and warranties of the Subscriber contained in Article III
hereof) is exempt from the registration requirements of the Securities Act of
1933, as amended (the “1933 Act”).

 

ARTICLE III

 

REPRESENTATIONS, WARRANTIES AND

AGREEMENTS OF THE SUBSCRIBER

 

3.1          Authorization.      The Subscriber represents and warrants
that this Agreement, when executed and delivered to the Company, will
constitute the Subscriber’s valid and legally binding obligation, except to the
extent the enforceability thereof may be limited by bankruptcy laws, insolvency
laws, reorganization laws, moratorium laws or other laws affecting creditors’
rights generally or by general equitable principles.

 

3.2          Investment
Representations.

 

(a)           This Agreement is
made with the Subscriber in reliance upon Subscriber’s representations to the
Company, which by the Subscriber’s acceptance hereof, the Subscriber hereby
confirms, that (i) the Shares to be received by the Subscriber will be
acquired by the Subscriber for investment for his or her own account, not as a
nominee or agent, and not with a view to the sale or distribution of any part
thereof, (ii) he or she has no current intention of selling, granting a
participation in or otherwise distributing the same in violation of applicable
federal and state securities laws, and (iii) the information contained in
the form of Confidential Investment Qualification Questionnaire attached hereto
as Exhibit A (the “Purchaser Questionnaire”)  and completed by the
Subscriber and delivered to the Company is true, correct, accurate and complete
both as of the date of such Purchaser Questionnaire and as of the date hereof.
By executing this Agreement, the Subscriber further represents that he or she
does not have any contract, undertaking, agreement or arrangement with any
person to sell, transfer or grant a participation to such person, or to any
third person, with respect to any of the Shares.

 

(b)           The Subscriber
understands that the Shares have not been registered under the 1933 Act on the
basis that the sale provided for in this Agreement and the issuance of Shares

 

3

 

hereunder
is exempt from registration under the 1933 Act pursuant to Section 4(2) thereof
and regulations issued thereunder and other available exemptions, and that the
Company’s reliance on such exemption is predicated on representations of the
Subscriber set forth herein.

 

(c)           The Subscriber
represents that he or she has such knowledge and experience in financial and
business matters as to be capable of evaluating the merits and risks of his
investment. The Subscriber is a sophisticated investor, has relied upon
independent investigations made by the Subscriber and, to the extent believed
by the Subscriber to be appropriate, the Subscriber’s representatives,
including the Subscriber’s own professional, tax and other advisors, and is
making an independent decision to invest in the Shares. The Subscriber further
represents that the Subscriber has had access, during the course of the
transactions contemplated hereby and prior to the Subscriber’s purchase of
Shares, to the same kind of information that is specified in Part I of a
registration statement under the 1933 Act and that the Subscriber has had,
during the course of the transactions contemplated hereby and prior to the
Subscriber’s purchase of the Shares, the opportunity to ask questions of, and
receive answers from, the Company concerning the terms and conditions of the
offering and to obtain additional information necessary to verify the accuracy
of any information furnished to the Subscriber or to which the Subscriber had
access, and the Subscriber has read carefully such documents, materials and
information and understands and has evaluated the types of risks involved with
a purchase of the Shares. The Subscriber has not relied upon any
representations or other information (whether oral or written) from the Company
or its respective stockholders, directors, officers or affiliates, or from any
other person or entity, in connection with its investment in the Shares. The
Subscriber acknowledges that the Company has not given any assurances with
respect to the tax consequences of the acquisition, ownership and disposition
of the Shares. Furthermore, the Subscriber understands that no federal or state
agency has passed upon this investment or upon the Company, nor has any such
agency made any finding or determination as to the fairness of this investment.

 

(d)           The Subscriber
understands that the Shares may not be sold, transferred or otherwise disposed
of without registration under the 1933 Act or an exemption therefrom, and that
in the absence of an effective registration statement covering the Shares or an
available exemption from registration under the 1933 Act, the Shares must be
held indefinitely. The Subscriber must be prepared to bear the economic risk of
this investment for an indefinite period of time. In particular, the Subscriber
acknowledges that he or she is aware that the Shares may not be sold pursuant
to Rule 144 promulgated under the 1933 Act unless all of the conditions of
that Rule are met. Among the current conditions for use of Rule 144
by certain holders is the availability to the public of current information
about the Company. Such information is not now available, and the Company has
no current plans to make such information available. The Subscriber represents
that, in the absence of an effective registration statement covering the
Shares, he or she will sell, transfer or otherwise dispose of the Shares only
in a manner consistent with his representations set forth herein and then only
in accordance with the Shareholders’ Agreement referred to in Article VII.

 

(e)           Independent of the
additional restrictions on the transfer of Shares contained in the
Shareholders’ Agreement referred to in Article VII, the Subscriber agrees
that he or she will not make a transfer, disposition or pledge of any of the
Shares other than pursuant to an effective registration statement under the
1933 Act, unless and until (i) he or she shall have

 

4

 

notified
the Company of the proposed disposition and shall have furnished the Company
with a statement of the circumstances surrounding the disposition, and (ii) if
requested by the Company, at the expense of the Subscriber or his or her
transferee, he or she shall have furnished to the Company an opinion of
counsel, reasonably satisfactory to the Company and its counsel, to the effect
that such transfer may be made without registration of the Shares under the
1933 Act.

 

(f)            The Subscriber
acknowledges that this investment is not recommended for investors who have any
need for a current return on this investment or who cannot bear the risk of
losing their entire investment. The Subscriber acknowledges that: (i) he
or she has adequate means of providing for his current needs and possible
personal contingencies and has no need for liquidity in this investment; (ii) the
Subscriber’s commitment to investments which are not readily marketable is not
disproportionate to the Subscriber’s net worth; and (iii) the Subscriber’s
investment in the Shares will not cause the Subscriber’s overall financial
commitments to become excessive.

 

3.3          Legends; Stop
Transfer.

 

(a)           The Subscriber
acknowledges that all certificates evidencing the Shares shall bear the
following legends:

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A
VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE
OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM REASONABLY
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933.”

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE TRANSFERRED, SOLD,
ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF OR EXCHANGED UNLESS
SUCH TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OR
EXCHANGE COMPLIES WITH THE PROVISIONS OF THE SHAREHOLDERS’ AGREEMENT AND THE
RESTRICTED STOCK AGREEMENT (AS APPLICABLE), AS AMENDED FROM TIME TO TIME, EACH
AMONG THE COMPANY AND THE INVESTORS PARTY THERETO, COPIES OF WHICH ARE ON FILE
WITH THE COMPANY.”

 

(b)             The certificates
evidencing the Shares shall also bear any legend required by any applicable
state securities law.

 

(c)             The Company shall
make a notation regarding the restrictions on transfer of the Shares in its
stock books, and the Shares shall be transferred on the books of the Company
only if transferred or sold pursuant to an effective registration statement
under the 1933 Act

 

5

 

covering
such Shares or pursuant to and in compliance with the provisions of Section 3.2(e) hereof.
A copy of this Agreement, together with any amendments thereto, shall remain on
file with the Secretary of the Company and shall be available for inspection to
any properly interested person without charge within five (5) days after
the receipt of a written request therefor by the Company.

 

ARTICLE IV

 

CONDITIONS TO OBLIGATIONS OF

THE SUBSCRIBER AT CLOSING

 

The obligations of the Subscriber under Article I
of this Agreement are subject to the fulfillment on or before the Closing of
each of the following conditions:

 

4.1          Representations
and Warranties. The representations and warranties
of the Company contained in Article II hereof shall be true on and as of
the Closing with the same force and effect as if they had been made at the
Closing.

 

4.2          Performance. The Company
shall have performed and complied with all agreements and conditions contained
in this Agreement required to be performed or complied with by it on or before
the Closing.

 

ARTICLE V

 

CONDITIONS TO THE OBLIGATIONS OF

THE COMPANY AT CLOSING

 

The
obligations of the Company under Article I of this Agreement are subject
to the fulfillment on or before the Closing of each of the following
conditions:

 

5.1          Representations
and Warranties. The representations, warranties and agreements of
the Subscriber contained in Article III hereof shall be true and correct
in all material respects at and as of the date of the Closing.

 

5.2          Purchaser
Questionnaire. The Company shall have received a completed Purchaser
Questionnaire in the form attached hereto as Exhibit A from the
Subscriber, which questionnaire shall have responses thereto acceptable to the
Company, in its reasonable discretion.

 

5.3          Performance. The Subscriber
shall have performed in all material respects all of the Subscriber’s
obligations and materially complied with each and all of the Subscriber’s
covenants required to be performed or complied with on or prior to the Closing,
including without limitation the execution and delivery of the agreements and
undertakings provided for in this Agreement.

 

6

 

ARTICLE VI

 

MUTUAL CONDITIONS PRECEDENT

 

The
obligations of the Company and the Subscriber under Article I of this
Agreement are subject to the fulfillment on or before the Closing of the
following conditions:

 

6.1          Merger Agreement
Closing Conditions. The closing conditions to the Merger Agreement shall
have been satisfied or waived, other than closing conditions which by their
nature are to be satisfied at the closing of the Merger.

 

6.2          Other Agreements.

 

(a)           If, and only if, the
Subscriber is purchasing shares of Class A Common Stock of the Company on
the date hereof, the Company and the Subscriber shall have executed and
delivered a counterpart signature page to that certain Restricted Stock
Agreement to be effective as of the date of the Closing.

 

(b)           If, and only if, the
Subscriber is not purchasing shares of Class A Common Stock of the Company
on the date hereof, the Company and the Subscriber shall have executed and
delivered a Confidentiality, Non-Competition and Intellectual Property
Agreement in the form attached as Exhibit C hereto.

 

ARTICLE VII

 

OTHER MATTERS

 

7.1          Shareholders’ Agreement.
Simultaneously with the execution of this Agreement, the Company and the
Subscriber agree to enter into a Shareholders’ Agreement, by and among the
Company, the Subscriber and each other party contemplated to be a party thereto
(the “Shareholders’ Agreement”),  substantially
in the form attached hereto as Exhibit B, which Shareholders’
Agreement shall be in full force and effect as of the Closing.

 

ARTICLE VIII

 

MISCELLANEOUS

 

8.1          No Waiver; Modifications
in Writing. This Agreement sets forth the entire understanding
of the parties, and supersedes all prior agreements, arrangements and
communications, whether oral or written, with respect to the specific subject
matter hereof. No waiver of or consent to any departure from any provision of
this Agreement shall be effective unless signed in writing by the party
entitled to the benefit thereof, provided that notice of any such waiver
shall be given to each party hereto as set forth below. Except as otherwise
provided herein, no amendment, modification or termination of any provision of
this Agreement shall be effective unless signed in writing by or on behalf of
the Company and the Subscriber. Any amendment, supplement or modification of or
to any provision of this Agreement, any waiver of any provision of this
Agreement, and any consent to any departure by the Company from the

 

7

 

terms
of any provision of this Agreement, shall be effective only in the specific
instance and for the specific purpose for which made or given. Except where
notice is specifically required by this Agreement, no notice to or demand on
the Company in any case shall entitle the Company to any other or further
notice or demand in similar or other circumstances.

 

8.2          Notices. All notices
and other communications necessary or contemplated under this Agreement shall
be in writing and shall be delivered in the manner specified herein or, in the
absence of such specification, shall be deemed to have been duly given when
delivered by hand, one day after sending by overnight delivery service, or
three days after sending by certified mail, postage prepaid, return receipt
requested to the respective addresses of the parties set forth below:

 

	
  If
  to the Subscriber:

  	
   

  	
  To
  the address set forth below his or her name on the signature
  page hereto.

  
	
   

  	
   

  	
   

  
	
  If
  to the Company:

  	
   

  	
  GPS
  CCMP Acquisition Corp.

  c/o
  CCMP Capital Advisors, LLC

  245
  Park Avenue

  16th
  Floor

  New
  York, New York 10167

  
	
   

  	
   

  	
  Attention:

  	
  Stephen
  Murray

  
	
   

  	
   

  	
  Facsimile:

  	
  (917)
  464-9200

  

 

By
notice complying with the foregoing provisions of this Section 8.2, each
party shall have the right to change the mailing address for future notices and
communications to such party.

 

8.3          Costs, Expenses
and Taxes. Unless otherwise agreed to by the Company, the Company and the
Subscriber shall pay their own costs and expenses incurred in connection with
the execution and delivery of this Agreement and any and all other documents
furnished pursuant hereto or in connection herewith. The Company shall pay any
and all stamp, transfer and other similar taxes payable or determined to be
payable in connection with the execution and delivery of this Agreement or the
original issuance of the Shares but excluding all federal, state and local
income or similar taxes.

 

8.4          Execution of
Counterparts. This Agreement may be executed in any number of counterparts
and by different parties hereto on separate counterparts, each of which
counterparts, when so executed and delivered, shall be deemed to be an original
and all of which counterparts, taken together, shall constitute but one and the
same Agreement.

 

8.5          Binding Effect;
Assignment. The rights and obligations of the Subscriber under
this Agreement may not be assigned to any other person and any such assignment
shall be void ab initio. This
Agreement shall not be construed so as to confer any right or benefit upon any
person other than the parties to this Agreement, and their respective
successors and assigns. This Agreement shall be binding upon the Company and
the Subscriber, and their respective successors and permitted assigns.

 

8

 

8.6          Governing Law.
This Agreement shall be governed by the laws of the State of Delaware as to all
matters, including but not limited to matters of validity, construction,
effect, performance and remedies.

 

8.7          Severability of
Provisions. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction.

 

8.8          Schedules,
Exhibits and Headings. All Schedules and Exhibits to this Agreement shall
be deemed to be a part of this Agreement. The Article and Section headings
used or contained in this Agreement are for convenience of reference only and
shall not affect the construction of this Agreement.

 

8.9          Injunctive Relief.
Each of the parties to this Agreement hereby acknowledges that in the event of
a breach by any of them of any material provision of this Agreement, the
aggrieved party may be without an adequate remedy at law. Each of the parties
therefore agrees that, in the event of a breach of any material provision of
this Agreement, the aggrieved party may elect to institute and prosecute
proceedings to enforce specific performance or to enjoin the continuing breach
of such provision, as well as to obtain damages for breach of this Agreement.
By seeking or obtaining any such relief, the aggrieved party will not be
precluded from seeking or obtaining any other relief to which it may be
entitled.

 

8.10        Survival of
Agreements, Representations and Warranties. All agreements, representations
and warranties contained herein or made in writing by or on behalf of the
Company or the Subscriber, as the case may be, in connection with the
transactions contemplated by this Agreement shall survive the execution and
delivery of this Agreement and the sale and purchase of the Shares and payment
therefor.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

9

 

IN WITNESS WHEREOF, the
Company and the Subscriber have executed this Agreement as of the day and year
first written above.

 

	
   

  	
  GPS CCMP ACQUISITION CORP.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mark McFadden

  
	
   

  	
   

  	
  Name: 

  	
  Mark McFadden

  
	
   

  	
   

  	
  Title: 

  	
  Vice President and Assistant Secretary

  

 

Company
Signature Page to the Subscription and Stock Purchase Agreement

 

 

MANAGEMENT SUBSCRIPTION AND STOCK PURCHASE AGREEMENT

 

COUNTERPART SIGNATURE PAGE

 

IN WITNESS WHEREOF, the
Company and the Subscriber have executed this Agreement as of the day and year
first written above.

 

 

	
  Aaron P. Jagdfeld

  	
   

  
	
  Name of Subscriber

  	
   

  

 

 

	
  Subscriber Signature:

  	
  /s/ Aaron P. Jagdfeld

  	
   

  

 

 

	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON

  SHARES

  	
   

  	
  TOTAL

  PURCHASE

  PRICE

  	
   

  
	
  Aaron P. Jagdfeld

  	
   

  	
  1446.8053

  	
   

  	
  $

  	
  14,468,053.00

  	
   

  
							

 

 

	
  Address for Notice:

  	
   

  	
   

  

 

 

Company Signature Page to the Subscription and Stock
Purchase Agreement

 

 

CONFIDENTIAL INVESTMENT QUALIFICATION QUESTIONNAIRE

 

GPS CCMP ACQUISITION CORP.

A Delaware corporation (the “Company”)

 

SPECIAL INSTRUCTIONS

 

In
order to establish the availability under federal and state securities laws of
an exemption from registration or qualification requirements for the proposed
issuance of Shares, you are required to represent and warrant, and by executing
and delivering this questionnaire will be deemed to have represented and
warranted, that the information stated herein is true, accurate and complete to
the best of your knowledge and belief, and may be relied on by the Company.
Further, by executing and delivering this questionnaire you agree to notify the
Company and supply corrective information promptly if, prior to the consummation
of your payment of the Purchase Price in exchange for the Shares, any such
information becomes inaccurate or incomplete. Your execution of this
questionnaire does not constitute any indication of your intent to subscribe
for the Shares.

 

A
subscriber who is a natural person must complete each Question except for 2  and 5.

 

A
subscriber that is an entity other than a trust must complete each Question
except for 3 and 5.

 

A
subscriber that is a trust must complete each Question except for 3.

 

GENERAL INFORMATION

 

1.                                       All
Subscribers.

 

a.                                       Name(s) of
prospective investor(s): Aaron P. Jagdfeld

 

b.                                      Address:

 

c.                                       Telephone
Number:

 

2.                                       Subscribers
That Are Entities.

 

a.                                       Type of entity:

 

o  Trust

 

o  Corporation

 

A-1

 

o  Partnership

 

Other:

 

b.                                      State and date
of legal formation:

 

c.                                       Nature of
Business:

 

d.                                      Was the entity
organized for the specific purpose of acquiring the Shares pursuant to the
Restricted Stock Agreement?

 

Yes
o

 

No
o

 

e.                                       Federal tax
identification number:

 

3.                                       Subscribers Who
Are Individuals.

 

a.                                       State where
registered to vote:

 

b.                                      Social Security
Number:

 

c.                                       Please state
the subscriber’s education and degrees earned:

 

	
  Degree

  	
   

  	
  School

  	
   

  	
  Year

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

d.                                      Current
occupation (if retired, describe last occupation):

 

Employer:

 

Nature of Business:

 

Position:

 

Business Address:

 

Telephone Number:

 

A-2

 

4.             Accreditation. Does the
subscriber satisfy one or more of the following accredited investor requirements?
Contact the Company if none of the following is applicable.

 

Investor is:

 

o            A natural person whose net
worth (or joint net worth with my spouse) is in excess of $1,000,000 as of the
date hereof.

 

o            A natural person whose
income in the prior two years was, and whose income in the current year is
reasonably expected to be in excess of $200,000 or whose joint income with my
spouse in the prior two years was, and is reasonably expected to be in the
current year in excess of $300,000.

 

o            A director or
officer of the Company.

 

o            A trust with total assets in excess of $5,000,000,
not formed for the specific purpose of investing in the Shares of GPS CCMP
Acquisition Corp., whose purchases are directed by a sophisticated person, who
has such knowledge and experience in financial and business matters that he or
she is capable of evaluating the merits and risks of an investment in the
Shares of GPS CCMP Acquisition Corp.

 

o            A “bank”, “savings and loan association”, or
“insurance company” as defined in the Securities Act of 1933.

 

o            A broker/dealer registered pursuant to
Section 15 of the Securities Exchange Act of 1934.

 

o            An investment company registered under, or a
“business development company” as defined in Section 2(a)(48) of the
Investment Company Act of 1940.

 

o            A Small Business Investment Company licensed by the
U.S. Small Business Administration under the Small Business Investment Act of 1958.

 

A-3

 

o            A plan established and
maintained by a state, its political subdivisions, or any agency or
instrumentality of a state or its political subdivisions, for the benefit
of its employees and having total assets in excess of $5,000,000.

 

o            An “employee benefit plan” as defined in the
Employee Retirement Income Security Act of 1974 (a “Plan”) which has total
assets in excess of $5,000,000.

 

o            A Plan whose investment decisions, including the
decision to subscribe for the Shares of GPS CCMP Acquisition Corp., are made
solely by (i) a “plan fiduciary” as defined in Section 3(21) of the
Employee Retirement Income Security Act of 1974, which includes a bank, a
savings and loan association, an insurance company or a registered investment
adviser, or (ii) an “accredited investor” as defined under Rule 501(a) of
the Securities Act of 1933.

 

o            A private business development company as defined in
Section 202(a)(22) of the Investment Advisers Act of 1940.

 

o            Any organization described in
Section 501(c)(3) of the Internal Revenue Code of 1986, as amended,
corporation, Massachusetts or similar business Trust, or partnership, not
formed for the specific purpose of investing in the Shares and having total
assets in excess of $5,000,000.

 

o            Any entity in which all of the
equity owners meet one of the above descriptions.

 

A-4

 

5.             Trusts.

 

Does the trust meet the
following tests:

 

a.             Has total assets in excess
of $5,000,000?

 

Yes
o                    No o

 

b.             Was formed for the purpose
of the investment in the Shares in this Contribution?

 

Yes
o                    No o

 

c.             Are the purchases by the
Trust directed by a sophisticated investor who, alone or with his, her or its
subscriber representative, understands the merits and risks of the investment
in the Shares?

 

Yes
o                    No o

 

[THE REMAINDER OF THIS PAGE IS BLANK]

 

A-5

 

	
  INDIVIDUAL(S) SIGN
  HERE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Aaron
  P. Jagdfeld

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Address)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social
  Security Number:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Spouse
  of Subscriber:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ENTITIES
  SIGN HERE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Print
  Name of Organization)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Print
  Name and Title)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Address)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Federal
  ID Number:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Address)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social
  Security Number:

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