Document:

EX-10.19

 

Exhibit 10.19

Town Sports International Holdings, Inc.

888 Seventh Avenue, 25thFloor

New York, New York 10106

As of March 23, 2006

Mr. Mark Smith (the “Executive”)

31 Hidden Cove Court

Southampton, New York 11968

Re: Equity Agreement

Dear Mark:

The purpose of this letter agreement is to set forth the impact of the Executive’s resignation as
an officer, director and employee of Town Sports International Holdings, Inc. (the
“Company”), Town Sports International, Inc. (“TSI”) and their subsidiaries and
affiliates pursuant to that certain Confidential Separation Agreement and General Release of even
date herewith (the “Separation Agreement”), between the Company and the Executive, on (a)
the 74,955 shares of the Company’s Class A Common Stock, par value $.001 per share (the “Class
A Common”) that currently are owned by the Executive, and (b) the stock option to purchase
6,000 shares of Class A Common granted to the Executive pursuant to the Company’s 2004 Common Stock
Option Plan (the “Stock Option Plan”) as of February 4, 2004 (the “Option”). This
letter agreement constitutes the Equity Agreement referred to in Section 2 of the Separation
Agreement. The undersigned hereby agree as follows:

1. Notwithstanding anything in the Option to the contrary, as a result of the Executive’s
resignation from the Company, TSI and their subsidiaries and affiliates, (a) the outstanding,
vested portion of the Option as of the date hereof to purchase 1,200 shares of Class A Common will
remain exercisable until December 31, 2006, and (b) the outstanding, unvested portion of the Option
as of the date hereof to purchase 4,800 shares of Class A Common will terminate as of the date
hereof. Except as provided in the preceding sentence, the Option will remain subject to the terms
and conditions of (i) the Stock Option Plan, (ii) the Option, and (iii) the Executive Stock
Agreement dated as of February 4, 2004 (as the same may be amended from time to time,

 

 

the “ESA”), among the Company, Town Sports International, Inc. (“TSI”), the Executive
and the Investors (as defined therein). The Executive hereby acknowledges and understands that (A)
the Company has informed him that the treatment of the Option in accordance with this Section
1 and the payment pursuant to Section 3 may have adverse tax consequences to the
Executive, (B) neither the Company nor any of its subsidiaries will indemnify or hold the Executive harmless for
any additional tax (including interest and penalties with regard thereto) as a result of the
provisions of this Section 1, and (C) the Company has advised the Executive to consult with
his own tax advisor and his own attorney prior to signing this letter agreement. The Company and
the Executive acknowledge that the Option, the New Option (as defined below) and the Stock Option
Plan may only be amended in accordance with the requirements of Section 6 of the Option and
Sections 6.11 and 6.12 of the Stock Option Plan.

2. As soon as practicable after the date hereof, but in no event later than 15 days after the date
hereof, the Compensation Committee of the Company will grant to the Executive a stock option (the
“New Option”) on substantially the same terms and conditions as the unvested portion of the
Option that expired in accordance with Section 1 to purchase 4,800 shares of Class A Common
at an exercise price equal to the “fair market value” (as defined in the Stock Option Plan) on the
date of grant. The New Option will expire on July 23, 2013 and will be subject to the vesting
provisions contained in Section 3 of the Option for Tranche II Options. As of the date hereof, the
“fair market value” (as defined in the Stock Option Plan) of the Class A Common is $100.76. The
New Option will be granted pursuant to and, to the extent not contrary to the terms of this letter
agreement and the Separation Agreement, shall be subject to all the terms and conditions imposed
under the Stock Option Plan and the Company’s standard form of stock option agreement.

3. In addition, the Company will pay the Executive a lump sum cash amount equal to $44,448, less
any applicable withholding, (a) if, prior to December 31, 2007, a Sale of the Company (as defined
in the New Option) is consummated and the aggregate gross consideration to be received in
connection with such sale by the holders of the Class A Common equals or exceeds the Equity Value
Target (as defined in the New Option) for the Valuation Date (as defined in the New Option)
immediately preceding the date of such Sale of the Company, or (b) if the Achieved Equity Value (as
defined in the New Option) as of December 31, 2007 equals or

 

 

exceeds the Equity Value Target (as defined in the New Option) for December 31, 2007. Any such payment will be made within five
business days following the event giving rise to such payment.

4. The 74,955 shares of Class A Common that the Executive owns as of the date hereof, as well as
any shares of Class A Common that the Executive hereafter may acquire pursuant to the exercise of
the Option or the New Option, will be subject to the terms, conditions, restrictions and other
provisions of (a) the Stockholders Agreement dated as of February 4, 2004 (as the same may be
amended from time to time, the “Stockholders Agreement”), among the Executive, the Company
and certain other stockholders of the Company from time to time party thereto, (b) the Registration
Rights Agreement dated as of February 4, 2004 (as the same may be amended from time to time, the
“Registration Rights Agreement”), among the Executive, the Company and certain other
stockholders and executives of the Company from time to time party thereto, and (c) the ESA.
Without limiting the foregoing, all such shares of Class A Common (i) will be subject to the limits
on transferability and other matters relating to the Executive as a stockholder of the Company set
forth in the Stockholders Agreement, and (ii) will entitle the Executive to the registration rights
set forth in the Registration Rights Agreement, subject to the obligations of the Executive and the
conditions contained therein.

5. So long as the restrictions set forth in Section 4 of the Stockholders Agreement are in effect,
the Executive hereby agrees that the Executive will not (and will cause his affiliates and
Permitted Transferees (as defined in the Stockholders Agreement) to not) sell, transfer, assign,
pledge or otherwise dispose of (“Transfer”) any equity securities of the Company (including
without limitation any shares of capital stock issuable upon the exercise of the Option or the New
Option), now or hereafter held by the Executive or any of his affiliates or Permitted Transferees,
except pursuant to, and in compliance with, the Stockholders Agreement. The Executive further
agrees that he will not (and will cause his affiliates and Permitted Transferees to not) Transfer
any equity securities of the Company (including without limitation any shares of capital stock
issuable upon the exercise of the Option or the New Option), now or hereafter held by the Executive
or any of his affiliates or Permitted Transferees, in any initial public offering of equity
securities of the Company (the “IPO”), except that the Executive will be permitted to sell
his Registrable Securities (as defined in the Registration Rights Agreement) in connection with the

 

 

IPO pursuant to, and subject to the limitations and conditions of, Section 3(c)(i)(A) of the
Registration Rights Agreement. From and after the consummation of the IPO, the Executive will not
(and will cause his affiliates and Permitted Transferees to not) Transfer any equity securities of
the Company (including without limitation any shares of capital stock issuable upon the exercise of
the Option or the New Option), now or hereafter held by the Executive or any of his affiliates or
Permitted Transferees, to any person or entity, except that (a) from and after the date that is 180
days after the consummation of the IPO, the Executive will be permitted to sell in one or more
Public Sales (as defined below) such number of his Registrable Securities that is equal to the
excess of 75% of the number of his Registrable Securities on the date hereof over the number of his
Registrable Securities that were sold in connection with the IPO pursuant to the immediately
preceding sentence (if any), and (b) from and after the first anniversary of the consummation of
the IPO, the restrictions on Transfer contained in this Section 5 shall no longer have any
further force and effect.

     As used in this Agreement, “Public Sale” means a sale of common stock of the Company
to the public pursuant to an offering registered under the Securities Act of 1933, as amended, or
to the public effected through a broker, dealer or market maker pursuant to the provisions of Rule
144 under the Securities Act of 1933, as amended.

     The Company shall have the right to place a legend on each certificate evidencing any equity
securities of the Company (including without limitation any shares of capital stock issuable upon
the exercise of the Option or the New Option) subject to the restrictions set forth in this
Section 5 to the effect that such equity securities are subject to the provisions of this
letter agreement. Any Transfer or attempted Transfer of any equity securities subject to the
restrictions set forth in this Section 5 in violation of any provision of this Section
5 shall be null and void, and the Company shall not record any such Transfer or attempted
Transfer on its books or records or any purported transferee of any such equity securities as the
owner thereof for any purpose.

     For avoidance of doubt, (i) the restrictions contained in this Section 5 are in
addition to any other restrictions on the Transfer of equity securities of the Company (including
without limitation any shares of capital stock issuable upon the exercise of the Option or the New

 

 

Option) (A) that are contained in any other agreement with the Company or any of its subsidiaries
to which the Executive is a party, or (B) under any applicable laws, rules or
regulations; and (ii) the Executive will not exercise any rights that he may have under any other
agreement with the Company or any of its subsidiaries to which the Executive is a party (including
the Registration Rights Agreement), if such exercise would be inconsistent or otherwise in conflict
with the provisions of this Section 5.

6. Concurrently with the execution and delivery of this letter agreement, each of the Stockholders
Agreement and the Registration Rights Agreement is being amended by the requisite vote or consent
thereunder.

7. The Executive hereby acknowledges the existence and applicability of the covenants, agreements
and restrictions set forth in Sections 4, 6, 9 and 11 through 15 (inclusive) of the Separation
Agreement and the provisions of such Sections of the Separation Agreement are incorporated by
reference herein as if fully set forth herein. If and to the extent that the covenants, agreements
and restrictions set forth in Sections 4, 6, 9 and 11 through 15 (inclusive) of the Separation
Agreement are inconsistent with any similar covenants, agreements and restrictions set forth in the
ESA or the Option, the applicable provisions of the Separation Agreement shall govern and the ESA
and the Option shall be deemed to be modified accordingly.

8. The Company and the Investors shall not exercise their respective rights under Section 2 of the
ESA.

9. The Executive agrees to supply and/or execute and deliver such documents, instruments,
agreements and information as may be reasonably requested by the Company and any managing
underwriter of any underwritten public offering of the securities of the Company in order to
effectuate such offering and otherwise to cooperate with the Company and any underwriter in any
related registration and in consummating such offering.

10. This letter agreement may not be amended except by a written instrument signed by all the
parties hereto (including the Executive).

 

 

11. The parties hereto acknowledge and agree that (a) each party hereto and its or his counsel has
reviewed and negotiated the provisions of this letter agreement and have contributed to their
revision, and (b) the rule of construction to the effect that any ambiguities are resolved against
the drafting party shall not be employed in the interpretation of this letter agreement.

12. This letter agreement, together with the Separation Agreement, constitutes the entire agreement
and understanding among the parties with respect to the subject matter hereof, and supersedes all
prior agreements and understandings, both written and oral, among the parties with respect to the
subject matter hereof.

13. This letter agreement may be executed (including by facsimile transmission) with counterpart
signature pages or in several counterparts, each of which shall be deemed an original and all of
which shall together constitute one and the same instrument.

14. This Agreement shall be governed by, and construed and enforced in accordance with, the internal
laws of the State of New York applicable to contracts made and performed entirely within such State
and without giving effect to the conflict of laws rules thereof.

15. Each of the parties (a) consents to submit itself to the exclusive personal jurisdiction of any
state or federal court sitting in the Borough of Manhattan, The City of New York, in any action or
proceeding for the adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, (b) agrees that all claims in respect of such
action or proceeding may be heard and determined only in any such court, (c) agrees that it will
not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from
any such court. Each of the parties 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. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY SUCH ACTION.

The Executive, TSI and the Investors should indicate their agreement with the provisions of this
letter agreement by executing and delivering a counterpart or counterpart signature page hereof and
returning it to the Company to the attention of Robert S. Herbst, Esq.

 

 

	 	 	 	 	 	 	 
	 	 	Yours very truly,	 	 
	 
	 	 	 	 	 	 
	 	 	TOWN SPORTS INTERNATIONAL
HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/S/ RICHARD PYLE	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Richard Pyle	 	 
	 

	 	 	 	Title: Chief Financial Officer	 	 

Acknowledged and Agreed to by

each of the undersigned as of the

date first above written:

The Executive:

	 	 	 
	/S/ MARK SMITH

	 	 
	 

Mark Smith

	 	 

TSI:

	 	 	 	 	 
	TOWN SPORTS INTERNATIONAL, INC.	 	 
	 
	 	 	 	 
	By

	 	/S/ RICHARD PYLE	 	 
	 

	 	 	 	 
	 

	 	Name: Richard Pyle	 	 
	 

	 	Title: Chief Financial Officer	 	 

The Investors:

	 	 	 	 	 
	BRUCKMANN, ROSSER, SHERRILL & CO., L.P.	 	 
	 
	 	 	 	 
	By:

	 	      BRS Partners, Limited Partnership	 	 
	Its:

	 	      General Partner	 	 
	 
	 	 	 	 
	By
	 	/S/ BRUCE BRUCKMANN	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

[Signature Page to Equity Agreement]

 

 

	 	 	 	 	 
	FARALLON CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 
	By:

	 	     Farallon Partners, L.L.C.	 	 
	Its:

	 	     General Partner	 	 
	 
	 	 	 	 
	By

	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 
	 

	 	Name: Mark C. Wehrly	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	FARALLON CAPITAL INSTITUTIONAL
PARTNERS, L.P.	 	 
	 
	 	 	 	 
	By:

	 	     Farallon Partners, L.L.C.	 	 
	Its:

	 	     General Partner	 	 
	 
	 	 	 	 
	By

	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 
	 

	 	Name: Mark C. Wehrly	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	RR CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 
	By:

	 	     Farallon Partners, L.L.C.	 	 
	Its:

	 	     General Partner	 	 
	 
	 	 	 	 
	By

	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 
	 

	 	Name: Mark C. Wehrly	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	FARALLON CAPITAL INSTITUTIONAL
PARTNERS II, L.P.	 	 
	 
	 	 	 	 
	By:

	 	     Farallon Partners, L.L.C.	 	 
	Its:

	 	     General Partner	 	 
	 
	 	 	 	 
	By

	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 
	 

	 	Name: Mark C. Wehrly	 	 
	 

	 	Title: Managing Director	 	 

[Signature Page to Equity Agreement]EX-10.20

 

Exhibit 10.20

     AMENDMENT NO. 1 TO STOCKHOLDERS AGREEMENT and CONSENT AGREEMENT dated as of March 23, 2006
(this “Amendment”), among Town Sports International Holdings, Inc., a Delaware corporation
(the “Company”), Town Sports International, Inc., a New York corporation (“TSI”),
and those of the Stockholders (as defined in the Stockholders Agreement referred to below) that are
signatory hereto (the Company, TSI and such Stockholders are herein referred to collectively as the
“Parties”).

RECITALS

     A. The Parties and certain other Stockholders have entered into that certain Stockholders
Agreement dated as of February 4, 2004 (“Stockholders Agreement”).

     B. The Parties desire to amend the Stockholders Agreement in accordance with Section 10 of the
Stockholders Agreement.

AGREEMENT

     NOW, THEREFORE, on the basis of the preceding facts, and in consideration of the mutual
agreements and covenants set forth below and other good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the Parties agree as follows:

     1. Definitions. Unless the context otherwise requires, all capitalized and other
defined terms not defined in this Amendment shall have the respective meanings accorded to them in
the Stockholders Agreement.

     2. Amendments.

          (a) The Stockholders Agreement hereby is amended to provided that, for all purposes of the
Stockholders Agreement, Mark Smith shall cease to be deemed an “Executive”, as such term is defined
in the Stockholders Agreement, but shall continue to be deemed a “Stockholder” as such term is
defined in, and for all purposes of, the Stockholders Agreement.

          (b) Section 6 of the Stockholders Agreement hereby is amended to add the following new
sentence at the end thereof:

“For the avoidance of doubt, this Section 6 shall not
apply with respect to an Initial Public Offering.”

          (c) Section 14 of the Stockholders Agreement hereby is amended to add the following new
paragraph at the end thereof:

     “(k) Initial Public Offering. Notwithstanding anything
in this Agreement to the contrary, this Agreement will terminate
automatically and be of no further force and effect upon the
consummation of an Initial Public Offering.”

 

 

     3. Consent.

          (a) As Mark Smith has resigned or is resigning from the Board, pursuant to Section 2(a)(ii)(B)
of the Stockholders Agreement, those Parties owning a majority of the Executive Shares (voting as a
single class) hereby consent to the election of Robert Giardina to the Board.

          (b) Pursuant to clause (iv) of Section 11 of the Stockholders Agreement, those Parties holding
at least 70% of the Stockholder Shares (excluding Mark Smith) hereby consent to the transactions
relating to Mark Smith referred to in Schedule A attached hereto.

     4. Governing Law. This Amendment shall be governed by, construed and enforced in
accordance with, the laws of the State of New York.

     5. Counterparts. This Amendment may be executed (including by facsimile transmission)
with counterpart signature pages or in any number of counterparts, each of which when executed
shall be deemed to be an original, but all of which taken together shall constitute one and the
same agreement.

     6. Bound Parties. The Stockholders Agreement is being amended by this Amendment
pursuant to Section 10 of the Stockholders Agreement and the amendments to the Stockholders
Agreement shall be effective upon the execution and delivery of this Amendment by the requisite
approval of the Company and those Stockholders specified in Section 10 of the Stockholders
Agreement. The consent referred to in Section 3(a) shall be effective upon the execution
and delivery of this Amendment by those Parties holding a majority of the Executive Shares (voting
as a single class). The consent contained in Section 3(b) shall be effective upon the
execution and delivery of this Amendment by those Parties holding at least 70% of the Stockholders
Shares (excluding Mark Smith).

     7. Stockholders Agreement. Except as expressly amended by this Amendment, the
Stockholders Agreement otherwise shall remain unaffected and shall be in full force and effect.

- 2-

 

     IN WITNESS WHEREOF, the Parties hereto have executed and delivered this
Amendment as of the date first above written.

	 	 	 	 	 	 	 
	 	 	TOWN SPORTS INTERNATIONAL HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ RICHARD PYLE	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Richard Pyle	 	 
	 

	 	 	 	Title: Chief Financial Officer	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	TOWN SPORTS INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ RICHARD PYLE	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Richard Pyle	 	 
	 

	 	 	 	Title: Chief Financial Officer	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	BRUCKMANN, ROSSER, SHERRILL & CO., LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ BRUCE BRUCKMANN	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	FARALLON CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: FARALLON PARTNERS, L.L.C.	 	 
	 	 	ITS: GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Mark C. Wehrly	 	 
	 

	 	 	 	Title: Managing Member	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: FARALLON PARTNERS, L.L.C.	 	 
	 	 	ITS: GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Mark C. Wehrly	 	 
	 

	 	 	 	Title: Managing Member	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	RR CAPITAL PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: FARALLON PARTNERS, L.L.C.	 	 
	 	 	ITS: GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Mark C. Wehrly	 	 
	 

	 	 	 	Title: Managing Member	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: FARALLON PARTNERS, L.L.C.	 	 
	 	 	ITS: GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ MARK C. WEHRLY	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Mark C. Wehrly	 	 
	 

	 	 	 	Title: Managing Member	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 	 	CANTERBURY DETROIT PARTNERS, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	/S/ PATRICK TURNER
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	Name: Patrick Turner
	 

	 	 	 	Title: Member

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	CANTERBURY MEZZANINE CAPITAL, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ PATRICK TURNER	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Patrick Turner	 	 
	 

	 	 	 	Title: Member	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	ROSEWOOD CAPITAL, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ KYLE ANDERSON	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Kyle Anderson	 	 
	 

	 	 	 	Title: Managing Director	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	CS EQUITY LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/S/ JASON M. FISH	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name: Jason M. Fish	 	 
	 

	 	 	 	Title: President	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	BCB PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	NAZ PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	MERRILL LYNCH PEARCE FENNER & SMITH, CUSTODIAN
FOR THE BENEFIT OF PAUL D. KAMINSKI IRA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	DB SECURITIES INC., CUSTODIAN FOR THE BENEFIT OF
PAUL D. KAMINSKI IRA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 

	 	/S/ KEITH ALESSI
	 	 
	 

	 	 	 	 
	 

	 	KEITH ALESSI	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 

	 	/S/ PAUL ARNOLD
	 	 
	 

	 	 	 	 
	 

	 	PAUL ARNOLD	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	BRUCE BRUCKMANN	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	ELIZABETH MCSHANE	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

 

 

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	BEVERLY PLACE	 	 

[Signature Page to Amendment No. 1 to Stockholders Agreement and Consent Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]