Document:

Exhibit 10.2

 

VOTING AGREEMENT

 

VOTING AGREEMENT, dated as of March 20, 2005
(this “Agreement”), among the stockholders listed on the signature page(s)
hereto (collectively, the “Stockholders” and each individually, a “Stockholder”),
Pinnacle Systems, Inc., a California corporation (the “Company”) and Avid
Technology, Inc., a Delaware corporation (the “Buyer”).  Capitalized terms used and not otherwise
defined herein shall have the respective meanings assigned to them in the
Merger Agreement referred to below.

 

WHEREAS, as of the date hereof, the Stockholders own
of record and beneficially the shares of capital stock of the Buyer set forth
on Schedule I hereto (such shares, or any other voting or equity of
securities of the Buyer hereafter acquired by any Stockholder prior to the
termination of this Agreement, being referred to herein collectively as the “Shares”);

 

WHEREAS, concurrently with the execution of this
Agreement, the Buyer and the Company are entering into an Agreement and Plan of
Merger, dated as of the date hereof (the “Merger Agreement”), pursuant to
which, upon the terms and subject to the conditions thereof, a subsidiary of
the Buyer will be merged with and into the Company, and the Company will be the
surviving corporation (the “Merger”); and

 

WHEREAS, as a condition to the willingness of the
Company to enter into the Merger Agreement, the Company has required that the
Stockholders agree, and in order to induce the Company to enter into the Merger
Agreement the Stockholders are willing, to enter into this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and
the mutual covenants and agreements contained herein, and intending to be
legally bound hereby, the parties hereby agree, severally and not jointly, as
follows:

 

Section 1.                                            Voting of Shares.

 

(a)                                  Each
Stockholder covenants and agrees that until the termination of this Agreement
in accordance with the terms hereof, at the Buyer Stockholders Meeting or any
other meeting of the stockholders of the Buyer, however called, and in any action
by written consent of the stockholders of the Buyer, such Stockholder will
vote, or cause to be voted, all of such Stockholder’s respective Shares in
favor of the Buyer Voting Proposals.

 

(b)                                 Each
Stockholder hereby irrevocably grants to, and appoints, the Company, and any
individual designated in writing by it, and each of them individually, as his
or her proxy and attorney-in-fact (with full power of substitution), for and in
his or her name, place and stead, to vote such Stockholder’s Shares at any
meeting of the stockholders of the Buyer called with respect to any of the
matters specified in, and in accordance and consistent with, this Section 1.  Each Stockholder understands and acknowledges
that the Company is entering into the Merger Agreement in reliance upon the
Stockholder’s execution and delivery of this Agreement.  Each Stockholder hereby affirms that the
irrevocable proxy set forth in this Section 1(b) is given in connection
with the execution of the Merger Agreement, and that such irrevocable proxy is
given to secure the performance of the duties of such Stockholder under this

 

 

Agreement.  Except as otherwise
provided for herein, each Stockholder hereby (i) affirms that the irrevocable
proxy is coupled with an interest and may under no circumstances be revoked,
(ii) ratifies and confirms all that the proxies appointed hereunder may
lawfully do or cause to be done by virtue hereof and (iii) affirms that
such irrevocable proxy is executed and intended to be irrevocable in accordance
with the Delaware General Corporation Law. 
Notwithstanding any other provisions of this Agreement, the irrevocable
proxy granted hereunder shall automatically terminate upon the termination of
this Agreement.

 

Section 2.                                            Transfer of Shares.

 

(a)                                  Each
Stockholder covenants and agrees that such Stockholder will not directly or
indirectly (i) sell, assign, transfer, pledge, encumber or otherwise dispose of
any of the Shares, (ii) deposit any of the Shares into a voting trust or enter
into a voting agreement or arrangement with respect to the Shares or grant any
proxy or power of attorney with respect thereto that is inconsistent with this
Agreement or (iii) enter into any contract, option or other arrangement or
undertaking with respect to the direct or indirect sale, assignment, transfer
or other disposition of any Shares; provided, however, that notwithstanding the
foregoing a Stockholder may transfer Shares or agree to transfer Shares by
testamentary disposition, interspousal disposition pursuant to a domestic relations
proceeding or otherwise by operation of law, provided that in each such case
the transferee agrees in writing to be bound by this Agreement.

 

(b)                                 Each
Stockholder agrees to submit to the Buyer contemporaneously with or promptly
following execution of this Agreement all certificates representing the Shares
(unless such Shares are held in “street” name or otherwise not issued and
certificated in the individual name of the Stockholder) so that the Buyer may
place thereon a legend referring to the transfer restrictions set forth in this
Agreement.

 

Section 3.                                            Representations and Warranties of the Stockholders.  Each
Stockholder on his or her own behalf hereby severally represents and warrants
to the Buyer with respect to such Stockholder and such Stockholder’s ownership
of the Shares as follows:

 

(a)                                  Ownership
of Shares.  The Stockholder
beneficially owns all of the Shares as set forth on Schedule I hereto and
has good and marketable title to such Shares, free and clear of any claims,
liens, encumbrances and security interests whatsoever.  The Stockholder owns no shares of Buyer
Common Stock other than the Shares as set forth on Schedule I hereto.  The Stockholder has sole voting power,
without restrictions, with respect to all of the Shares.

 

(b)                                 Power,
Binding Agreement.  The Stockholder
has the legal capacity and all requisite power and authority to enter into and
perform all of his or her obligations under this Agreement.  This Agreement has been duly and validly
executed and delivered by the Stockholder and constitutes a valid and binding
obligation of the Stockholder, enforceable against the Stockholder in
accordance with its terms.

 

(c)                                  No
Conflicts.  The execution and
delivery of this Agreement do not, and the consummation of the transactions
contemplated hereby will not, conflict with or result in any violation of, or
default (with or without notice or lapse of time, or both) under, or give rise
to a

 

2

 

right of termination, cancellation or acceleration of any obligation or
to loss of a material benefit under, any provision of any loan or credit
agreement, note, bond, mortgage, indenture, lease or other agreement,
instrument, permit, concession, franchise, license, judgment, order, decree,
statute, law, ordinance, rule or regulation applicable to the Stockholder, the
Shares or any of the Stockholder’s properties or assets.  Except as expressly contemplated hereby, the
Stockholder is not a party to, and the Shares are not subject to or bound in
any manner by, any contract or agreement relating to the Shares, including
without limitation, any voting agreement, option agreement, purchase agreement,
stockholders’ agreement, partnership agreement or voting trust. Except for the
expiration or termination of the waiting period under the HSR Act and
informational filings with the Securities and Exchange Commission, no consent,
approval, order or authorization of, or registration, declaration or filing
with, any court, administrative agency or commission or                             other
governmental authority or instrumentality, domestic, foreign or supranational,
is required by or with respect to the Stockholder in connection with the
execution and delivery of this Agreement or the consummation by the Stockholder
of the transactions contemplated hereby.

 

Section 4.                                            Termination.  This Agreement shall terminate
upon the first to occur of:

 

(i)                                     the
Effective Time;

 

(ii)                                  written
notice of termination of this Agreement by the Company to the Stockholders; or

 

(iii)                               the date of termination
of the Merger Agreement; provided that no such termination shall relieve any
party of liability for a willful breach hereof prior to termination.

 

Section 5.                                            Specific Performance.  The
parties hereto agree that irreparable damage would occur in the event any provision
of this Agreement was not performed in accordance with the terms hereof and
that the parties shall be entitled to specific performance of the terms hereof,
in addition to any other remedy at law or in equity.

 

Section 6.                                            Fiduciary Duties.  Each Stockholder is signing this
Agreement solely in such Stockholder’s capacity as an owner of such Stockholder’s
respective Shares, and nothing herein shall prohibit, prevent or preclude such
Stockholder from taking or not taking any action in such Stockholder’s capacity
as an officer or director of the Buyer to the extent permitted by the Merger
Agreement.

 

Section 7.                                            Consent and Waiver.  Each
Stockholder hereby gives any consents or waivers that are reasonably required
for the consummation of the Merger under the terms of any agreement to which
such Stockholder is a party or pursuant to any rights such Stockholder may have
in his or her capacity as a Stockholder of the Company.

 

Section 8.                                            Miscellaneous.

 

(a)                                  Entire
Agreement.  This Agreement
constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and understandings,
both written and oral, between the parties with respect thereto.

 

3

 

This Agreement may not be amended, modified or rescinded except by an
instrument in writing signed by each of the parties hereto.

 

(b)                                 Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of
law, or public policy, all other conditions and provisions of this Agreement
shall nevertheless remain in full force and effect.  Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible to the fullest extent
permitted by applicable law in a mutually acceptable manner in order that the
terms of this Agreement remain as originally contemplated to the fullest extent
possible.

 

(c)                                  Governing
Law.  This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware
without regard to the principles of conflicts of law thereof.

 

(d)                                 Counterparts.  This Agreement may be executed in
counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.

 

(e)                                  Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed duly delivered (i) three
business days after being sent by registered or certified mail, return receipt
requested, postage prepaid, or (ii) one business day after being sent for next
business day delivery, fees prepaid, via a reputable nationwide overnight
courier service, in each case to the intended recipient as set forth below:

 

(i)                                     if
to a Stockholder, in care of the Buyer at the address set forth below;

 

(ii)                                  if
to the Buyer to:

 

Avid Technology,
Inc.

Avid Technology Park

One Park West

Tewksbury, MA 01876

Attn:                    General
Counsel

Telecopy:  (978) 851-7216

 

with a copy to:

 

Wilmer Cutler
Pickering Hale and Dorr LLP

60 State Street

Boston, MA 02109

Attn:                    David A.
Westenberg, Esq.

Jay E. Bothwick, Esq.

Facsimile: (617)
526-5000

 

4

 

(iii)                               if to the Company to:

 

Pinnacle Systems,
Inc.

280 North Bernardo
Avenue 

Mountain View, CA 94043

Attn:                    Chief
Executive Officer

Facsimile:  (650) 930-2424

 

with a copy to:

 

DLA Piper Rudnick
Gray Cary US LLP

2000 University
Avenue

East Palo Alto, CA
94303

Attn:                    Gregory M. Gallo, Esq.

Diane Holt Frankle, Esq.

Facsimile: (650)
833-2001

 

(f)                                    No
Third Party Beneficiaries.  This
Agreement is not intended, and shall not be deemed, to confer any rights or remedies
upon any person other than the parties hereto and their respective successors
and permitted assigns, to create any agreement of employment with any person or
to otherwise create any third-party beneficiary hereto.

 

(g)                                 Assignment.  Neither this Agreement nor any of the rights,
interests or obligations under this Agreement may be assigned or delegated, in
whole or in part, by operation of law or otherwise by any of the parties hereto
without the prior written consent of the other parties, and any such assignment
without such prior written consent shall be null and void.  Subject to the preceding sentence, this
Agreement shall be binding upon, inure to the benefit of, and be enforceable
by, the parties hereto and their respective successors and permitted assigns.

 

(h)                                 Interpretation.  When reference is made in this Agreement to a
Section, such reference shall be to a Section of this Agreement, unless
otherwise indicated.  The headings
contained in this Agreement are for convenience of reference only and shall not
affect in any way the meaning or interpretation of this Agreement.  The language used in this Agreement shall be
deemed to be the language chosen by the parties hereto to express their mutual
intent, and no rule of strict construction shall be applied against any
party.  Whenever the context may require,
any pronouns used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns and pronouns shall include
the plural, and vice versa.  Any
reference to any federal, state, local or foreign statute or law shall be
deemed also to refer to all rules and regulations promulgated thereunder,
unless the context requires otherwise. 
Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without
limitation.”  No summary of this
Agreement prepared by the parties shall affect in any way the meaning or
interpretation of this Agreement.

 

(i)                                     Submission
to Jurisdiction.  Each of the parties
to this Agreement (i) consents to submit itself to the personal
jurisdiction of any state or federal court sitting in the State of Delaware in
any action or proceeding arising out of or relating to this Agreement or any of
the transactions contemplated by this Agreement, (ii) agrees that all
claims in respect of such

 

5

 

action or proceeding may be heard and determined in any such court,
(iii) agrees that it will not attempt to deny or defeat such personal
jurisdiction by motion or other request for leave from any such court and
(iv) agrees not to bring any action or proceeding arising out of or
relating to this Agreement or any of the transactions contemplated by this
Agreement in any other court.  Each of
the parties hereto waives any defense of inconvenient forum to the maintenance
of any action or proceeding so brought and waives any bond, surety or other
security that might be required of any other party with respect thereto.  Any party hereto may make service on another
party by sending or delivering a copy of the process to the party to be served
at the address and in the manner provided for the giving of notices in Section 8(e).  Nothing in this Section, however, shall
affect the right of any party to serve legal process in any other manner
permitted by law.

 

(j)                                     WAIVER
OF JURY TRIAL.  EACH OF THE BUYER,
THE COMPANY AND EACH STOCKHOLDER HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE BUYER, THE COMPANY OR
EACH STOCKHOLDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND
ENFORCEMENT OF THIS AGREEMENT.

 

[remainder of page left
blank intentionally]

 

6

 

IN WITNESS WHEREOF, each of the parties hereto has
caused this Agreement to be signed individually or by its respective duly
authorized officer as of the date first written above.

 

	
   

  	
  PINNACLE SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Scott E. Martin

  	
   

  
	
   

  	
   

  

 

	
   

  	
  Title:

  	
  Senior Vice-President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AVID TECHNOLOGY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J. Milbury

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President and Chief Financial Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SHAREHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ David A. Krall

  	
   

  
	
   

  	
  David A. Krall

  
	
   

  	
   

  
	
   

  	
  /s/ William J. Warner

  	
   

  
	
   

  	
  William J.
  Warner

  
	
   

  	
   

  
	
   

  	
  /s/ Charles L. Smith

  	
   

  
	
   

  	
  Charles L. Smith

  
	
   

  	
   

  
	
   

  	
  /s/ David M. Lebolt

  	
   

  
	
   

  	
  David M. Lebolt

  
	
   

  	
   

  
	
   

  	
  /s/ Paul J. Milbury

  	
   

  
	
   

  	
  Paul J. Milbury

  
	
   

  	
   

  
	
   

  	
  /s/ Michael J. Rockwell

  	
   

  
	
   

  	
  Michael J.
  Rockwell

  
	
   

  	
   

  
	
   

  	
  /s/ Joseph Bentivegna

  	
   

  
	
   

  	
  Joseph
  Bentivegna

  
	
   

  	
   

  
	
   

  	
  /s/ Patricia A. Baker

  	
   

  
	
   

  	
  Patricia A.
  Baker

  
	
   

  	
   

  
	
   

  	
  /s/ Ethan E. Jacks

  	
   

  
	
   

  	
  Ethan E. Jacks

  
															

 

7

 

Schedule I

 

	
   

  	
   

  	
  Number of Shares

  	
   

  	
  Number of Shares

  	
   

  	
   

  	
   

  
	
  Stockholder Names

  	
   

  	
  Underlying Options

  	
   

  	
  of Common Stock

  	
   

  	
  Total

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Patricia A. Baker

  	
   

  	
  59,354

  	
   

  	
  3,871

  	
   

  	
  63,225

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Joseph Bentivegna

  	
   

  	
  71,436

  	
   

  	
  9,076

  	
   

  	
  80,512

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ethan E. Jacks

  	
   

  	
  39,528

  	
   

  	
  8,221

  	
   

  	
  47,749

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  David A. Krall

  	
   

  	
  646,425

  	
   

  	
  37,455

  	
   

  	
  683,880

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  David M. Lebolt

  	
   

  	
  103,874

  	
   

  	
  0

  	
   

  	
  103,874

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Paul J. Milbury

  	
   

  	
  3,000

  	
   

  	
  90,940

  	
   

  	
  93,940

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael J. Rockwell

  	
   

  	
  92,975

  	
   

  	
  0

  	
   

  	
  92,975

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Charles L. Smith

  	
   

  	
  105,581

  	
   

  	
  25,468

  	
   

  	
  131,049

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  William J. Warner

  	
   

  	
  136,700

  	
   

  	
  10,000

  	
   

  	
  146,700

  	
   

  

 

8Exhibit 10.13

 

SECTION 00500

EJCDC STANDARD FORM OF AGREEMENT BETWEEN OWNER
AND CONTRACTOR ON THE BASIS OF A STIPULATED PRICE EJCDC NO. 1910-8-A-1 (1996
EDITION) 

 

THIS
AGREEMENT is dated as of the 15th day of October in
the year 2004 by and between Town of Randolph (hereinafter called OWNER) and Volkmann
Railroad Builders, Inc. (hereinafter called CONTRACTOR).

 

OWNER
AND CONTRACTOR, in consideration of the mutual covenants hereinafter set forth,
agree as follows:

 

Article 1. WORK.

 

1.1                                 CONTRACTOR shall complete all Work as
specified or indicated in the Contract Documents.  The Work is generally described as follows:

 

Turnouts,
track, derails and earthen berm construction, including ballast and bonding and
grounding of track.

 

1.2                                 The Project for which the Work under the
Contract Documents may be the whole or only a part is generally described as
follows:

 

Rail
Yard Construction for UWGP, LLC

 

Article 2. ENGINEER.

 

2.1                                 The Project has been designed by Key
Railroad Development, LLC., who is hereinafter called ENGINEER and who is
to act as OWNER’s representative, assume all duties and responsibilities and
have the rights and authority assigned to ENGINEER in the Contract Documents in
connection with completion of the Work in accordance with the Contract Documents.

 

Article 3. CONTRACT TIMES.

 

3.1                                 Work will be substantially completed by May 20,
2005, and completed and ready for final payment by May 31, 2005.

 

3.2                                 Liquidated Damages. OWNER and CONTRACTOR recognize that time is
of the essence of this Agreement and that OWNER will suffer financial loss if
the Work is not completed within the times specified in paragraph 3.1
above, plus any extensions thereof allowed in accordance with Article 12
of the General Conditions.  They also
recognize the delays, expense and difficulties involved in proving the actual
loss suffered by OWNER if the Work is not completed on time.  Accordingly, instead of requiring any such
proof, OWNER and CONTRACTOR agree that as liquidated damages for delay (but not
as a penalty) CONTRACTOR shall pay Owner Five Hundred dollars ($500)
for each day that expires after the time specified in paragraph 3.1 for
Substantial Completion until the Work is substantially complete.  After Substantial Completion, if CONTRACTOR
shall neglect, refuse or fail to complete the remaining Work within the time
specified in paragraph 3.1 for completion and readiness for final payment or
any proper

 

1

 

extension
thereof granted by OWNER, CONTRACTOR shall pay OWNER Five Hundred
dollars ($500) for each day that expires after the time specified in
paragraph 3.1 for completion and readiness for final payment.

 

Article 4. CONTRACT PRICE.

 

OWNER
shall pay CONTRACTOR for completion of the Work in accordance with the Contract
Documents an amount in current funds equal to the sum of the amounts determined
pursuant to the following:

 

For
all Unit Price Work, an amount equal to the sum of the established unit price
for each separately identified item of Unit Price Work times the estimated
quantity of that item as indicated below:

 

UNIT PRICE WORK

 

	
  NO.

  	
   

  	
  ITEM

  	
   

  	
  UNIT

  	
   

  	
  ESTIMATED

  QUANTITY

  	
   

  	
  UNIT

  PRICE

  	
   

  	
  TOTAL

  ESTIMATED

  	
   

  
	
  1.

  	
   

  	
  Mobilization/Demobilization

  	
   

  	
  1

  	
   

  	
  LS

  	
   

  	
  $

  	
  12,800.00

  	
   

  	
  $

  	
  12,800.00

  	
   

  
	
  2.

  	
   

  	
  #8-112# Turnout
  Construction

  	
   

  	
  1

  	
   

  	
  EA

  	
   

  	
  $

  	
  26,000.00

  	
   

  	
  $

  	
  208,000.00

  	
   

  
	
  3.

  	
   

  	
  112# Track Construction

  	
   

  	
  8,021

  	
   

  	
  TF

  	
   

  	
  $

  	
  67.00

  	
   

  	
  $

  	
  537,407.00

  	
   

  
	
  4.

  	
   

  	
  Scale Track
  Construction

  	
   

  	
  72

  	
   

  	
  TF

  	
   

  	
  $

  	
  60.00

  	
   

  	
  $

  	
  4,320.00

  	
   

  
	
  5.

  	
   

  	
  Concrete Pad Track
  Constr.

  	
   

  	
  349

  	
   

  	
  TF

  	
   

  	
  $

  	
  118.00

  	
   

  	
  $

  	
  41,182.00

  	
   

  
	
  6.

  	
   

  	
  Sliding Derail
  Construction

  	
   

  	
  2

  	
   

  	
  EA

  	
   

  	
  $

  	
  2,800.00

  	
   

  	
  $

  	
  5,600.00

  	
   

  
	
  7.

  	
   

  	
  Earthen Berm
  Construction

  	
   

  	
  2

  	
   

  	
  EA

  	
   

  	
  $

  	
  500.00

  	
   

  	
  $

  	
  1,000.00

  	
   

  
	
  8.

  	
   

  	
  Close Clearance Signage

  	
   

  	
  1

  	
   

  	
  LS

  	
   

  	
  $

  	
  400.00

  	
   

  	
  $

  	
  400.00

  	
   

  
	
  9.

  	
   

  	
  Track Bonding and
  Grounding

  	
   

  	
  1

  	
   

  	
  LS

  	
   

  	
  $

  	
  4,830.00

  	
   

  	
  $

  	
  4,830.00

  	
   

  

 

TOTAL
OF ALL UNIT PRICES Eight Hundred Fifteen Thousand Five Hundred Thirty-Nine
Dollars (use words) $815,539.00 (Dollars)

 

As
provided in Paragraph 11.03 of the General Conditions, estimated quantities are
not guaranteed, and determinations of actual quantities and classification are
to be made by ENGINEER as provided in Paragraph 9.10 of the General
Conditions.  Unit prices have been
computed as provided in Paragraph 11.03.B of the General Conditions.

 

Article 5. PAYMENT PROCEDURES.

 

CONTRACTOR
shall submit Applications for Payment in accordance with Article 14 of the
General Conditions.  Applications for
Payment will be processed by ENGINEER, as provided in the General Conditions.

 

5.1                                 Progress Payments;
Retainage. OWNER shall make
progress payments on account of the Contract Price on the basis of CONTRACTOR’s
Applications for Payment, as recommended by ENGINEER, on or about the 24th
day of each month during construction as provided in paragraphs 5.1.1 and 5.1.2
below.  All such payments will be
measured by the schedule of values established in paragraph 2.07.3 of the
General Conditions (and in the case of Unit Price Work based on the number of
units completed) or, in the event there is no schedule of values, as
provided in the General Requirements.

 

2

 

5.1.1                        Prior to Substantial Completion, progress payments will be made in an
amount equal to the percentage indicated below, but, in each case, less the
aggregate of payments previously made and less such amounts as ENGINEER shall
determine, or OWNER may withhold, in accordance with Paragraph 14.7 of the
General Conditions.

 

90%    of Work completed (with the
balance being retainage).

 

5.1.2                        Upon Substantial Completion, in an amount sufficient to increase total
payments to CONTRACTOR to 95% of the Contract Price (with the balance
being retainage), less such amounts as ENGINEER shall determine, or OWNER may
withhold, in accordance with Paragraph 14.7 of the General Conditions.

 

5.2                                 Final Payment.  Upon final completion and acceptance of the
Work in accordance with paragraph 14.13 of the General Conditions, OWNER shall
pay the remainder of the Contract Price as recommended by ENGINEER as provided
in said Paragraph 14.13.

 

Article 6. INTEREST.

 

6.1                                 All moneys not paid when due, as provided in Article 14
of the General Conditions, shall bear interest at the maximum rate allowed by
law at the place of the Project.

 

Article 7. CONTRACTOR’S REPRESENTATIONS.

 

In
order to induce OWNER to enter into this Agreement, CONTRACTOR makes the
following representations:

 

7.1                                 CONTRACTOR has examined and carefully studied
the Contract Documents (including the Addenda listed in Paragraph 8) and the
other related data identified in the Bidding Documents including “technical
data.”

 

7.2                                 CONTRACTOR has visited the site and become
familiar with and is satisfied as to the general, local and site conditions
that may affect cost, progress, performance or furnishing of the Work.

 

7.3                                 CONTRACTOR is familiar with and is satisfied
as to all federal, state, and local laws and regulations that may affect cost,
progress, performance, and furnishing of the Work.

 

7.4                                 CONTRACTOR has carefully studied all reports
of explorations and tests of subsurface conditions at or contiguous to the site
and all drawings of physical conditions in or relating to existing surface or
subsurface structures at or contiguous to the site (except Underground
Facilities) which have been identified in the Supplementary Conditions as
provided in Paragraph 4.2.1 of the General Conditions.  CONTRACTOR accepts the determination set
forth in Paragraph SC-4.2 of the Supplementary Conditions of the extent of the “technical
data” contained in such reports and drawings upon which CONTRACTOR is entitled
to

 

3

 

rely
as provided in Paragraph 4.2 of the General Conditions.  CONTRACTOR acknowledges that such reports and
drawings are not Contract Documents and may not be complete for CONTRACTOR’s
purposes.  CONTRACTOR acknowledges that
OWNER and ENGINEER do not assume responsibility for the accuracy or
completeness of information and data shown or indicated in the Contract
Documents with respect to Underground Facilities at or contiguous to the
site.  CONTRACTOR has obtained and
carefully studied (or assumes responsibility for having done so) all such
additional supplementary examinations, investigations, explorations, tests,
studies, and data concerning conditions (surface, subsurface, and Underground
Facilities) at or contiguous to the site, or otherwise, which may affect cost,
progress, performance, or furnishing of the Work or which relate to any aspect
of the means, methods, techniques, sequences, and procedures of construction to
be employed by CONTRACTOR and safety precautions and programs incident thereto.  CONTRACTOR does not consider that any
additional examinations, investigations, explorations, tests, studies, or data
are necessary for the performance and furnishing of the Work at the Contract
Price, within the Contract Times and in accordance with the other terms and conditions
of the Contract Documents.

 

7.5                                 CONTRACTOR is aware of the general nature of
work to be performed by OWNER and others at the site that relates to the Work,
as indicated in the Contract Documents.

 

7.6                                 CONTRACTOR has correlated the information known
to CONTRACTOR, information and observations obtained from visits to the site,
reports, and drawings identified in the Contract Documents and all additional
examinations, investigations, explorations, tests, studies, and data with the
Contract Documents.

 

7.7                                 CONTRACTOR has given ENGINEER written notice
of all conflicts, errors, ambiguities, or discrepancies that CONTRACTOR has
discovered in the Contract Documents and the written resolution thereof by
ENGINEER is acceptable to CONTRACTOR, and the Contract Documents are generally
sufficient to indicate and convey understanding of all terms and conditions for
performance and furnishing of the Work.

 

Article 8. CONTRACT DOCUMENTS.

 

The
Contract Documents which comprise the entire agreement between OWNER and CONTRACTOR
concerning the Work consist of the following:

 

8.1                                 This Agreement (Pages 1 to 6,
inclusive).

 

8.2                                 Performance, Payment, and other Bonds.

 

8.3                                 Notice to Proceed.

 

8.4                                 General Conditions (Pages 1 to 41,
inclusive).

 

8.5                                 Supplementary Conditions (Pages 1 to 5,
inclusive).

 

4

 

8.6                                 Specifications bearing the title UWGP, LLC
Rail Yard Construction Project  and
consisting of three divisions, as listed in table of contents thereof.

 

8.7                                 Drawings consisting of a cover sheet and
sheets numbered R-1 through R-16 inclusive with each sheet
bearing the following general title: UNITED WISCONSIN GRAIN PRODUCERS
ETHONAL FACILITY RAIL YARD PROJECT, TOWN OF RANDOLPH, COLUMBIA COUNTY,
WISCONSIN  .

 

8.8                                 Addenda numbers 1 and 2,
inclusive.

 

8.9                                 CONTRACTOR’s Bid (pages 1 to 15,
inclusive).

 

8.10                           The following which may be delivered or issued after the Effective Date
of the Agreement and are not attached hereto: 
All Written Amendments and other documents amending, modifying or
supplementing the Contract Documents pursuant to Paragraphs 3.04.A and 3.04.B
of the General Conditions.

 

The
documents listed in Paragraphs 8.2 et seq. above are attached to this Agreement
(except as expressly noted otherwise above).

 

There
are no Contract Documents other than those listed above in this Article.  The Contract Documents may only be amended,
modified or supplemented as provided in Paragraphs 3.04.A and 3.04.B of the
General Conditions.

 

Article 9. MISCELLANEOUS.

 

9.1                                 Terms used in this Agreement which are
defined in Article 1 of the General Conditions will have the meanings
indicated in the General Conditions.

 

9.2                                 No assignment by a party hereto of any rights
under or interests in the Contract Documents will be binding on another party
hereto without the written consent of the party sought to be bound; and,
specifically but without limitation, moneys that may become due and moneys that
are due may not be assigned without such consent (except to the extent that the
effect of this restriction may be limited by law), and unless specifically
stated to the contrary in any written consent to an assignment no assignment
will release or discharge the assignor from any duty or responsibility under
the Contract Documents.

 

9.3                                 OWNER and CONTRACTOR each binds itself, its
partners, successors, assigns, and legal representatives to the other party
hereto, its partners, successors, assigns, and legal representatives in respect
to all covenants, agreements and obligations contained in the Contract Documents.

 

9.4                                 Any provision or part of the Contract
Documents held to be void or unenforceable under any Law or Regulation shall be
deemed stricken, and all remaining provisions shall continue to be valid and
binding upon OWNER and CONTRACTOR, who agree that the Contract Documents shall
be reformed to replace such stricken provision or part thereof with a valid and
enforceable provision that comes as close as possible to expressing the
intention of the stricken provision.

 

5

 

IN
WITNESS WHEREOF, OWNER and CONTRACTOR have signed this Agreement in
triplicate.  One counterpart each has
been delivered to OWNER, CONTRACTOR, and ENGINEER.  All portions of the Contract Documents have
been signed, initialed or identified by OWNER and CONTRACTOR or identified by
ENGINEER on their behalf.

 

This
Agreement will be effective on                                                   ,
20               
(which is the Effective Date of the Agreement).

 

	
  OWNER:

  	
   

  	
  CONTRACTOR:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  TOWN
  OF RANDOLPH

  	
   

  	
   

  	
  VOLKMANN
  RAILROAD BUILDERS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/
  Rodney Koh - Clerk

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/
  Richard Volkmann

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [CORPORATE
  SEAL]

  	
   

  	
   

  	
  [CORPORATE
  SEAL]

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Attest:
  

  	
   

  	
   

  	
   

  	
  Attest:

  	
  /s/
  Anita M. Wibhert

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address
  for giving notices:

  	
   

  	
  Address
  for giving notices:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   14625 W. Kaul Ave.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
    Menomonee Falls, WI 53051

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (If
  OWNER is a public body, attach evidence of

  	
   

  	
  License
  No.

  	
   

  	
   

  	
   

  
	
  authority
  to sign and resolution or other documents

  	
   

  	
   

  	
   

  
	
  authorizing
  execution of Agreement.)

  	
   

  	
  Agent
  for service of process:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (If
  CONTRACTOR is a corporation, attach evidence

  of authority to sign.)

  	
   

  
																

 

***END OF SECTION***

 

6

 

SECTION 00920

NOTICE OF AWARD 

 

Dated Oct. 1, 2004    

 

	
  TO:

  	
   

  	
  Volkmann
  Railroad Builders, Inc.

  	
   

  
	
   

  	
   

  	
  (BIDDER)

  	
   

  
	
   

  	
   

  
	
  ADDRESS:

  	
   

  	
  14625
  W. Kaul Avenue

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Menomonee
  Falls, WI 53051

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  PROJECT:

  	
   

  	
  UWGP,
  LLC Rail Yard Construction

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  OWNER’S
  CONTRACT NO.

  	
   

  	
  None

  	
   

  
	
   

  	
   

  	
   

  
	
  CONTRACT
  FOR:

  	
  UWGP, LLC Rail Yard Construction

  	
   

  
	
   

  	
  ***Insert name of Contract as it appears in the
  Bidding Documents***

  	
   

  
										

 

You are notified that your Bid dated August 2, 2004 for the above
Contract has been considered.  You are
the apparent Successful Bidder and have been awarded a contract for UWGP, LLC
Rail Yard Construction

 

	
   

  	
   

  

***Indicate total
Work, alternates or sections of Work awarded***

 

The
Contract Price of your contract is:

Three
Hundred Thirty-Two Thousand, One Hundred Twenty-Three  Dollars 
($ 815,539.00).

[Insert appropriate data
in re Unit Prices.  Change language for
Cost-Plus contracts.]

 

3
copies of each of the proposed Contract Documents accompany this Notice of
Award.

 

You
must comply with the following conditions precedent within 15 days of the date
of this Notice of Award, that is by Oct. 15, 2004.

 

1.                                       You must deliver to the OWNER three (3) fully
executed counterparts of the Agreement including all the Contract Documents.

 

2.                                       You must deliver Performance and Payment
Bonds per Owner’s requirements.

 

3.                                       You must deliver copies of all insurance
certificates required by the contract documents.

 

Failure
to comply with these conditions within the time specified will entitle OWNER to
consider your Bid in default, to annul this Notice of Award.

 

Within
10 days after you comply with the above conditions, OWNER will return to you
one fully

 

7

 

signed
counterpart of the Agreement with the Contract Documents attached.

 

	
   

  	
   

  	
  TOWN
  OF RANDOLPH

  	
   

  
	
   

  	
   

  	
  (OWNER)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Rodney Koh - Clerk

  	
   

  
	
   

  	
   

  	
  (AUTHORIZED
  SIGNATURE)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ACCEPTANCE OF AWARD

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  VOLKMANN
  RAILROAD BUILDERS, INC.

  	
   

  
	
   

  	
   

  	
  (CONTRACTOR)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Richard Volkmann

  	
   

  
	
   

  	
   

  	
  (AUTHORIZED
  SIGNATURE)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Pres

  	
   

  
	
   

  	
   

  	
  (TITLE)

  	
   

  	
   

  
	
  COPY
  to ENGINEER

  	
   

  	
   

  	
   

  
	
  ***Use Certified Mail,

  	
   

  	
   

  	
  9/30/04

  	
   

  
	
  Return Receipt
  Requested***

  	
   

  	
  (DATE)

  	
   

  	
   

  
						

 

***END OF SECTION***

 

8

 

SECTION 00930

NOTICE TO PROCEED 

 

Dated  Oct. 1,
2004          

 

	
  TO:

  	
   

  	
  Volkmann
  Railroad Builders, Inc.

  	
   

  
	
  (CONTRACTOR)

  

 

	
  ADDRESS:

  	
   

  	
  14625
  W. Kaul Ave.

  	
   

  
	
   

  	
   

  	
  Menomonee
  Falls, WI 53051

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  PROJECT:

  	
   

  	
  UWGP,
  LLC Rail Yard Construction

  	
   

  
	
   

  
	
  OWNER’S
  CONTRACT NO.

  	
   

  	
  None

  	
   

  
	
   

  	
   

  
	
  CONTRACT
  FOR:

  	
   

  	
  UWGP,
  LLC Rail Yard Construction

  	
   

  
								

***Insert
name of Contract as it appears in the Bidding Documents***

 

You
are notified that the Contract Times under the above Contract will commence to
run on Oct. 16 , 2004.  By that
date, you are to start performing your obligations under the Contract
Documents.  In accordance with Article 3
of the Agreement the dates of Substantial Completion and completion and
readiness for final payment are May 20, 2005 and May 31,
2005.

 

Before
you may start any Work at the site, paragraph 2.7 of the General Conditions
provides that you and Owner must each deliver to the other (with copies to ENGINEER
and other identified additional insured’s) certificates of insurance which each
is required to purchase and maintain in accordance with the Contract Documents.

 

Also
before you may start any Work at the site, you must

 

***Add other requirements***

	
   

  	
  TOWN OF RANDOLPH

  	
   

  
	
   

  	
  (OWNER)

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  Rodney
  Koh

  	
   

  
	
   

  	
  (AUTHORIZED
  SIGNATURE)

  
	
   

  	
   

  	
  Clerk

  	
   

  
	
   

  	
  (TITLE)

  
	
   

  	
   

  
	
   

  	
  NOTIFICATION TO PROCEED

  
	
   

  	
   

  
	
   

  	
  VOLKMANN
  RAILROAD BUILDERS, INC.

  	
   

  
	
   

  	
  (CONTRACTOR)

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  Richard
  Volkmann

  	
   

  
	
   

  	
  (AUTHORIZED
  SIGNATURE)

  
	
   

  	
   

  	
  Pres

  	
   

  
	
   

  	
  (TITLE)

  
	
  COPY
  TO ENGINEER

  	
   

  
	
  ***Use
  Certified Mail,

  	
   

  	
  9/30/04

  	
   

  
	
  Return
  Receipt Requested***

  	
  (DATE)

  
						

 

 

1

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