Document:

Exhibit 10.60

 

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 persons or entities
identified on the signature page hereto as subscribers (the “Subscribers”).

 

W I T N E S S E T H :

 

WHEREAS,
on the terms and subject to the conditions set forth herein, the Subscribers
desire to subscribe for and purchase, and the Company is willing to sell to the
Subscribers, 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 Subscribers 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
Subscribers are entering into a Shareholders’ Agreement, by and among the
Company, the Subscribers and the other parties contemplated to be signatories
thereto; and

 

WHEREAS,
as a material inducement to the Company to enter into this Agreement, William
W. Treffert 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,
each 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
Subscribers 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 such 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 such
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 one or more Subscribers,
directing the Company to pay or apply all or a portion of the consideration
payable such Subscriber under the Merger Agreement in satisfaction of such
Subscriber’s obligations under this Article I.

 

ARTICLE II

 

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

The
Company represents and warrants to the Subscribers 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
Subscribers).

 

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 Subscribers 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 SUBSCRIBERS

 

3.1           Authorization.  Each Subscriber represents and warrants that
this Agreement, when executed and delivered to the Company, will constitute
such 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
Subscribers in reliance upon Subscribers’ representations to the Company, which
by the Subscribers’ acceptance hereof, each Subscriber hereby confirms, that
(i) the Shares to be received by such Subscriber will be acquired by such
Subscriber for investment for his or its 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 it 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 such
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, each Subscriber further represents that he or it
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)           Each 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

 

3

 

Shares
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 such Subscriber set forth herein.

 

(c)           Each Subscriber represents that he or
it has such knowledge and experience in financial and business matters as to be
capable of evaluating the merits and risks of his or its investment. Each
Subscriber is a sophisticated investor, has relied upon independent
investigations made by such Subscriber and, to the extent believed by such
Subscriber to be appropriate, such Subscriber’s representatives, including such
Subscriber’s own professional, tax and other advisors, and is making an
independent decision to invest in the Shares. Each Subscriber further
represents that such Subscriber has had access, during the course of the
transactions contemplated hereby and prior to such 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 such Subscriber has had,
during the course of the transactions contemplated hereby and prior to such
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 such Subscriber or to which such Subscriber had
access, and such 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. Each 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. Each
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, each 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)           Each 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. Each Subscriber must be prepared to bear the economic risk
of this investment for an indefinite period of time. In particular, each
Subscriber acknowledges that he or it 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. Each Subscriber
represents that, in the absence of an effective registration statement covering
the Shares, he or it will sell, transfer or otherwise dispose of the Shares
only in a manner consistent with his or its 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, each Subscriber agrees that he or it 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 it 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 such Subscriber or his
or its transferee, he or it 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)            Each 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. Each Subscriber acknowledges that: (i) he or it has
adequate means of providing for his or its current needs and possible personal
contingencies and has no need for liquidity in this investment; (ii) such
Subscriber’s commitment to investments which are not readily marketable is not
disproportionate to such Subscriber’s net worth; and (iii) such Subscriber’s
investment in the Shares will not cause such Subscriber’s overall financial
commitments to become excessive.

 

3.3           Legends; Stop Transfer.

 

(a)           Each 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 Subscribers 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 Subscribers 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 each Subscriber, which
questionnaire shall have responses thereto acceptable to the Company, in its
reasonable discretion.

 

5.3           Performance. Each
Subscriber shall have performed in all material respects all of such
Subscriber’s obligations and materially complied with each and all of such 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 Subscribers 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)           The Company and one or more Subscribers
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.

 

ARTICLE VII

 

OTHER MATTERS

 

7.1           Shareholders’ Agreement. Simultaneously
with the execution of this Agreement, the Company and each Subscriber agree to
enter into a Shareholders’ Agreement, by and among the Company, the Subscribers
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 each 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 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

 

7

 

mail,
postage prepaid, return receipt requested to the respective addresses of the
parties set forth below:

 

	
  If
  to the Subscribers:

  	
  To
  the address set forth below their names 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 Subscribers 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
Subscribers 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 Subscribers,
and their respective successors and permitted assigns.

 

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

 

8

 

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 Subscribers, 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 Subscribers 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 Subscribers have executed this
Agreement as of the day and year first written above.

 

 

	
  /s/
  [ILLEGIBLE]

  	
   

  
	
  THE
  WILLIAM AND SELMA TREFFERT

  	
   

  
	
  LIVING
  TRUST DATED FEBRUARY 21, 1998

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/
  [ILLEGIBLE]

  	
   

  
	
  THE
  WILLIAM W. TREFFERT GRANTOR

  	
   

  
	
  RETAINED
  ANNUITY TRUST

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/
  William W. Treffert

  	
   

  
	
  WILLIAM
  W. TREFFERT

  	
   

  

 

	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON

  SHARES

  	
   

  	
  TOTAL

  PURCHASE

  PRICE

  	
   

  
	
  THE WILLIAM AND SELMA TREFFERT LIVING TRUST DATED FEBRUARY 21, 1998

  	
   

  	
  1420.2079

  	
   

  	
  $

  	
  14,202,079.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  THE WILLIAM W. TREFFERT GRANTOR RETAINED ANNUITY TRUST

  	
   

  	
  1,500

  	
   

  	
  $

  	
  15,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WILLIAM W. TREFFERT

  	
   

  	
  1,000

  	
   

  	
  $

  	
  10,000,000.00

  	
   

  

 

	
  Address for Notice:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

Counterpart
Signature Page to the Subscription and Stock Purchase Agreement

 

 

EXHIBIT A

 

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):

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  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 Management Subscription and Stock Purchase 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)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Print
  Name)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (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:

  	
   

  	
   

  
					

 

Signature Page to Confidential Investment Qualification
QuestionnaireExhibit 10.61

 

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.

 

 

	
  York A. Ragen

  	
   

  
	
  Name of
  Subscriber

  

 

 

	
  Subscriber Signature:

  	
  /s/
  York A. Ragen

  	
   

  

 

	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON

  SHARES

  	
   

  	
  TOTAL

  PURCHASE
 PRICE

  	
   

  
	
  York A. Ragen

  	
   

  	
  17.3403

  	
   

  	
  $

  	
  173,403.00

  	
   

  
							

 

	
  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): York A. Ragen

 

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)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  York A. Ragen

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (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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