Document:

Exhibit
10.58

 

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.

 

 

	
  Roger F. Pascavis

  	
   

  
	
  Name
  of Subscriber

  	
   

  

 

 

	
  Subscriber
  Signature:

  	
  /s/ Roger Pascavis

  	
   

  

 

 

	
   

  	
   

  	
   

  	
   

  	
  AGGREGATE

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  CLASS B

  	
   

  	
  TOTAL

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  COMMON

  	
   

  	
  PURCHASE

  	
   

  
	
  Roger Pascavis

  	
   

  	
  11/9/06

  	
   

  	
  SHARES

  	
   

  	
  PRICE

  	
   

  
	
  Roger F. Pascavis

  	
   

  	
   

  	
   

  	
  62,0208

  	
   

  	
  $

  	
  620,208.00

  	
   

  
									

 

 

	
  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):  Roger F.
Pascavis

 

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
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  F. Pascavis

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
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  ENTITIES
  SIGN HERE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Print
  Name of Organization)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
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  Social
  Security Number:Exhibit 10.59

 

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 HI

 

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.

 

 

	
  Roger
  W. Schaus, Jr.

  	
   

  
	
  Name
  of Subscriber

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Subscriber
  Signature:

  	
  /s/
  Roger W. Schaus

  	
   

  

 

 

	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON
 SHARES

  	
   

  	
  TOTAL

  PURCHASE
 PRICE

  	
   

  
	
  Roger W. Schaus, Jr.

  	
   

  	
  19.6805

  	
   

  	
  $

  	
  196,805.00

  	
   

  
							

 

 

	
  Address for Notice:

  	
  12003 [ILLEGIBLE]

  	
   

  
	
   

  	
  Greenfield, WI 53228

  	
   

  
	
   

  	
   

  	
   

  

 

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): Roger W. Schaus, Jr.

 

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

 

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REMAINDER OF THIS PAGE IS BLANK]

 

A-5

 

	
  INDIVIDUAL(S) SIGN HERE:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Roger W. Schaus, Jr.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (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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