Document:

<PAGE>   1
                                                                    EXHIBIT 10.1

                        ORGANIZATIONAL WRITTEN ACTION OF
                             THE BOARD OF DIRECTORS

                                       OF

                       PODS, INC., F/K/A PODS EQUITY, INC.

         The undersigned, being the remaining members of the Board of Directors
named in the Articles of Incorporation of PODS EQUITY, INC., a Florida
corporation (the "Corporation"), now known as PODS, Inc. pursuant to Articles of
Amendment to Articles of Incorporation approved and signed by the Incorporator
prior to organization of the Corporation, acting without meeting pursuant to the
Florida Business Corporation Act, hereby consent to and unanimously adopt the
following actions, preambles, and resolutions:

         1. CERTIFICATE OF INCORPORATION.

         It is noted that the Corporation's Articles of Incorporation and
Articles of Amendment were each duly filed in the office of the Secretary of
State of the State of Florida. An acknowledged copy thereof, together with a
letter from the Secretary of State acknowledging receipt and filing of such
Articles of Incorporation and Articles of Amendment and full payment of all
charter fees and other money due the State of Florida incident to the
incorporation are to be filed in the minute book.

         2. DESIGNATION OF DIRECTORS. Pursuant to the Articles of Amendment to
the Articles of Incorporation, the Board of Directors was increased to three (3)
and Peter S. Warhurst, C. William Ash, and W. Roy Courtney were designated as
Directors of the Corporation as of the date of filing of the Articles of
Amendment on September 2, 1999.

         3. DATE OF ACTIVATION.

         It is noted that pursuant to such filing with the Secretary of State of
Florida, the effective date of incorporation is July 28, 1999.

         4. BYLAWS.

         RESOLVED, that the proposed form of Bylaws for the regulation and
management of the affairs of the Corporation which has been read, section by
section, is hereby unanimously adopted and ordered to be made a part of the
permanent records to follow the Articles of Incorporation in the Minute Book.

<PAGE>   2

         5. CORPORATE SEAL.

            RESOLVED, that the corporate seal, the impression of which is
affixed in the margin hereof, is approved and is designated as the official
Corporate Seal of the Corporation.

         6. STOCK CERTIFICATE.

            RESOLVED, that the form of stock certificate attached to these
minutes is adopted and approved.

         7. ELECTION OF OFFICERS.

            RESOLVED, that the following persons are hereby elected to be
officers of the Corporation to assume the duties and responsibilities fixed by
the Bylaws and to serve until their respective successors are chosen and
qualified:

                  CHIEF EXECUTIVE OFFICER/
                  PRESIDENT:
                                                    Peter S. Warhurst

                  VICE PRESIDENT:
                                                    C. William Ash

                  VICE PRESIDENT:
                                                    W. Roy Courtney

                  VICE PRESIDENT:
                                                    David Revelia

                  SECRETARY:
                                                    Peter S. Warhurst

                  TREASURER:
                                                    Peter S. Warhurst

         8. REGISTERED OFFICE/AGENT.

            RESOLVED, that the registered office of the Corporation designated
in the Articles of Incorporation shall be changed to 12200 34th Street North,
Suite D, Clearwater, Florida 33762; and

            FURTHER RESOLVED, that the registered agent of the Corporation
designated in the Articles of Incorporation shall be changed to Peter S.
Warhurst.

         9. BANK ACCOUNTS.

            RESOLVED, that such bank or banks as the President shall select are
designated as a depository of this Corporation, and that funds so deposited may
be withdrawn upon the execution of a check, draft, note, or other documents of
the Corporation, which documents may be drawn and executed by the officers of
the Corporation specified in such bank's resolution.

                                       2
<PAGE>   3

            FURTHER RESOLVED, that the form resolutions required by the bank or
banks to effect the foregoing arrangement are hereby adopted as the action of
the Board of Directors of the Corporation.

         10. RATIFICATION OF ACTS.

            RESOLVED, that the acts of the incorporators, promoters, and
directors from the date of incorporation to the present date be and the same
hereby are ratified and confirmed.

         11. OFFER FOR STOCK.

            WHEREAS, the Corporation has received an offer from PODS, LLC, a
Florida limited liability company to purchase 7,000,000 shares of stock of the
Corporation in exchange for the entire going concern known as PODS and/or
Portables on Demand Storage, as further described on Exhibit "A" attached hereto
subject to certain liabilities which the Corporation must assume, which purchase
shall be simultaneous with the issuance of stock to investors, as set forth in
Section 12 below; and

            WHEREAS, in the judgment of the Board of Directors, the
consideration offered is reasonably worth the shares of stock to be issued in
exchange for such consideration; now therefore, it is

            RESOLVED, that upon receipt of appropriate documents evidencing the
transfer of the above-named going concerns, an appropriate stock certificate be
issued as soon as possible to PODS, LLC to reflect ownership of the shares so
purchased.

            FURTHER RESOLVED, that the officers of the Corporation are hereby
directed to prepare such records and file such returns as are necessary to
qualify this transfer as a tax-free transfer under Section 351 of the Internal
Revenue Code.

            FURTHER RESOLVED, that the Corporation, as the successor to PODS,
LLC, hereby assumes and acknowledges itself obligated to pay all the debts and
liabilities of its predecessor as set forth on the financial statement prepared
by the Corporation's accountant, setting forth the opening entries to the
Corporation's books of account and the officers are authorized and directed to
execute such instruments as may be necessary or required to evidence this
assumption of liability.

                                       3
<PAGE>   4

         12. PRIVATE PLACEMENT AND INVESTOR OFFER FOR STOCK.

            WHEREAS, in connection with the Corporation's private placement
offer to sell up to 4,000,000 shares of the common stock of the Corporation for
a purchase price of $1.00 per share, pursuant to the Confidential Private
Placement Memorandum dated August 19, 1999, the Corporation has received offers
from the persons described on Exhibit "B" attached hereto to purchase the number
of shares of stock of the Corporation as indicated next to their names, for the
purchase price of $1.00 per share, which purchase shall be simultaneous with the
issuance of stock to PODS, LLC as set forth in Section 11 above; and

            WHEREAS, in the judgment of the Board of Directors, the
consideration offered is reasonably worth the shares of stock to be issued in
exchange for such consideration; now therefore, it is

            RESOLVED, that the Corporation's private placement offer to sell up
to 4,000,000 shares of the common stock of the Corporation for a purchase price
of $1.00 per share, pursuant to the Confidential Private Placement Memorandum
dated August 19, 1999, is hereby ratified and approved in all respects.

            FURTHER RESOLVED, that upon receipt of the consideration,
appropriate stock certificates be issued as soon as possible to the individuals
named on Exhibit "B" to reflect ownership of the shares so purchased.

            FURTHER RESOLVED, that the officers of the Corporation are hereby
directed to prepare such records and file such returns as are necessary to
qualify this transfer as a tax-free transfer under Section 351 of the Internal
Revenue Code.

         13. STOCK IN PAYMENT OF FEE.

            WHEREAS, Keith Schillit has performed valuable services for the
Corporation, including but not limited to preparation of its Business Plan that
was attached to the Confidential Private Placement Memorandum dated August 19,
1999; and

            WHEREAS, the Corporation has agreed to pay the fee due to Keith
Schillit in the form of delivery of shares of stock of the Corporation that
constitute 2% of the outstanding shares after closing of the private placement
offering of up to 4,000,000 shares of stock; and

                                       4
<PAGE>   5

            WHEREAS, in the judgment of the Board of Directors, the shares to be
delivered to Keith Schillit have a value equal to the fair market value for
services rendered; now therefore it is

            RESOLVED, that in exchange for all past services rendered and any
future services to be performed, the Corporation shall issue shares of its
common stock to Keith Schillit that constitute 2% of the outstanding shares, on
a fully diluted basis, and appropriate stock certificates shall be issued as
soon as possible to reflect ownership of such shares.

         14. INVESTMENT ACCOUNTS.

            RESOLVED, that the President of the Corporation is hereby authorized
and empowered to open an investment account or accounts with such appropriate
firms as he may select in order to invest, during the course of the year, any
corporate funds which the officers of the Corporation may determine proper.

         15. MINUTE BOOK.

            RESOLVED, that the Corporation shall maintain as part of its
corporate record, a corporate minute book which shall include a record of its
Articles of Incorporation and Amendments thereto, its Bylaws and Amendments
thereto, minutes of all meetings, or written actions in lieu thereof of its
Directors and Shareholders, and its stock transfer ledger.

         16. ORGANIZATIONAL EXPENSES.

            RESOLVED, the Treasurer be and hereby is authorized to pay all fees
and expenses incident to and necessary for the organization of this Corporation.

            FURTHER RESOLVED, the Corporation elects to deduct its
organizational expenditures as permitted by law; and

            FURTHER RESOLVED, that the President is hereby directed to instruct
the Corporation's accountants to prepare and to file a statement in accordance
with Treasury Regulations Section 1.248-l(c) to permit ratable deductions of
such organizational expenses.

                                       5
<PAGE>   6

         17.  INSURANCE.

            The Corporation, through its President, is authorized to purchase
general insurance, unemployment compensation, and liability insurance on behalf
of the Corporation.

         18.  SUBCHAPTER "S".

            The Corporation elects not to be taxed as a Subchapter "S"
corporation at this time.

         19.  LICENSES AND PERMITS.

            RESOLVED, that the officers of the Corporation are directed to
obtain in the name of the Corporation such licenses and permits as may be
required for the conduct of the business of the Corporation by any Federal,
state, county or municipal governmental ordinance or regulation and to do all
things necessary or convenient to qualify the Corporation to transact its
business in compliance with the laws and regulations of any appropriate Federal,
state, county or municipal governmental authority.

         20.  EMPLOYMENT OF OTHERS.

            RESOLVED, that the President of the Corporation is hereby delegated
the authority by the Board of Directors to determine who shall be full or
part-time employees of the Corporation, and

            FURTHER RESOLVED, that the President of the Corporation is hereby
delegated the authority to determine their compensation, except for officers of
the Corporation.

            The undersigned, being the sole remaining Director of PODS, INC.,
does hereby ratify, approve, consent to and confirm all of the above preambles,
resolutions and actions.

            DATED as of the _____ day of September, 1999.

                                                                   (SEAL)
                                      -----------------------------
                                            Peter S. Warhurst

                                                                   (SEAL)
                                      -----------------------------
                                              C. William Ash

                                                                   (SEAL)
                                      -----------------------------
                                              W. Roy Courtney

                                       6
<PAGE>   7
                  EXHIBIT "A" TO ORGANIZATIONAL WRITTEN ACTION
                      PODS, Inc. (f/k/a PODS Equity, Inc.)

      All of the assets shown on the August 31, 1999 balance sheet of PODS,
LLC, plus additions after said date, subject to deletions with respect to
assets disposed of by PODS, LLC after said date in the ordinary course of
business, including the following kinds of assets, if any, owned by PODS, LLC:

      1.    Mortgages, notes, loan proceeds, contracts, agreements including
franchise agreements, leaseholds, leasehold improvements and all other
interests in land or property.

      2.    Inventory, vehicles, tractors, furniture, machinery, equipment and
supplies.

      3.    Cash, money on deposit with banks and others and certificates of
deposit.

      4.    Commercial paper, stocks, bonds and other investments.

      5.    Accounts receivable.

      6.    Insurance policies.

      7.    Causes of action, judgments, claims and demands of whatever nature.

      8.    Tangible and intangible personal property of all kinds.

      9.    Deposits, escrows, deferred charges, advance payments, prepaid
items, claims for refunds, including tax refunds, rights of offset and credits
of all kinds.

      10.   All credit balances of or inuring to the Assignor under any state
unemployment compensation plan or fund.

      11.   Files, papers and records relating to the aforesaid business,
properties and assets.

      12.   All other assets of PODS, LLC.

SUBJECT TO, all of the debts and liabilities shown on the August 31, 1999
balance sheet of PODS, LLC, as updated through September 3, 1999.
<PAGE>   8

                                   PODS, Inc.

                                  Exhibit "B"
                   List of Investors as of September 3, 1999

<TABLE>
<CAPTION>
NAME                                                          NUMBER OF SHARES   STOCK CERT. #
----                                                          ----------------   -------------
<S>                                                           <C>                <C>
Stephen A. MacEachern                                              500,000             2

David N. Wakely, Trustee of the
David N. Wakely Trust
dated 12/28/92                                                     100,000             3

Jane Kochan and Joan Kochan, Co-
Trustees of the Kochan Family Trust,
dated 7/15/92                                                      100,000             4

Martin H. Schweitzer &
Elizabeth F. Schweitzer JTWROS                                      50,000             5

Doganiero Family Limited
Partnership                                                        500,000             6

Robert B. Timberlake                                               300,000             7

Diana M. Smiles, Trustee of
the Diana M. Smiles Living Trust
dated 2/21/97                                                      100,000             8

Frank Doganiero                                                    250,000             9

G. William Lazenby, Trustee of the
Lazenby & Heath, M.D.'s, P.A. Profit
Sharing Plan and Trust                                             100,000            10

Anthony G. Lembo                                                   100,000            11

The Gurtman LLC                                                     50,000            12
                                                                 ---------

                                                      Total      2,150,000
</TABLE><PAGE>   1
                                                                    EXHIBIT 10.2

                             STOCKHOLDERS' AGREEMENT

         This Stockholders' Agreement (this "Agreement"), dated as of December
1, 1999, is among PODS, Inc., a Florida corporation (the "Company"), and the
undersigned stockholders of the Company, who together own all of the Company's
outstanding common stock and who are collectively referred to in this Agreement
as the "Stockholders,"

                              W I T N E S S E T H:

         WHEREAS, the Company and the Stockholders wish to impose restrictions
and obligations on the issuance, transferability, and voting of the Company's
common stock;

         NOW, THEREFORE, the Company and the Stockholders agree that:

                                   ARTICLE I.

                                   DEFINITIONS

         In this Agreement:

         "Affiliate" means, subject to the restrictions set forth in Section
3.2:

                  (1) as to any party which is an entity, any person or entity
which controls or is controlled by or under common control with that party;

                  (2) as to any party who is a natural person, any parent,
spouse, or descendant of that party, any trust created for the benefit of that
party or any parent, spouse or descendant of that party or of which that party
is a trustee, and any corporation, association, partnership or other form of
business entity which is controlled by that party or by any parent, spouse, or
descendant of that party, or by any such trust;

                  (3) as to any party who is a natural person, any qualified
pension or profit sharing plan which is described in Section 401(a) of the
Internal Revenue Code of 1986, as amended (the "Code"), and exempt from income
tax pursuant to Section 501 of the Code, of which that party is a plan
participant; and

                  (4) as to any party which is a trust, any corporation,
association, partnership or other form of business entity which is controlled by
such trust, any primary, secondary, life, or contingent beneficiary of such
trust, and any trustee of such trust; with the term "control," including the
terms "controlling" and "controlled," meaning for purposes of this definition,
the power to direct the management and policies of a business entity, directly
or indirectly, whether through the ownership of voting securities or partnership
or other ownership interests, or by contract or otherwise.

<PAGE>   2

         "Articles of Incorporation" means the Company's Articles of
Incorporation, as amended through the date of this Agreement, and as it may be
subsequently amended.

         "Common Stock" means the Company's Common Stock, $.0001 par value per
share.

         "Disposition" means any voluntary or involuntary disposition of Common
Stock, and any other voluntary or involuntary transaction, whether occurring by
operation of law or otherwise, which has the purpose or effect of making one or
both of the following changes:

                  (1) a change in the ownership of any shares
of Common Stock;

                  (2) a change in the identity, ownership, or control of the
owner or holder of the legal title to, or the beneficial or equitable interest
in, any shares of Common Stock.

                                   ARTICLE II.

                          RESTRICTIONS ON DISPOSITIONS

         No Stockholder may make, cause, or allow any Disposition of Common
Stock owned by such Stockholder, except in accordance with the provisions of
Article III or Article IV of this Agreement.

                                  ARTICLE III.

                             PERMITTED DISPOSITIONS

         3.1 TRANSFERS TO AFFILIATES. Notwithstanding Article 2 or Section 4.1
of this Agreement, any Stockholder may transfer shares of Common Stock to one or
more of his or its Affiliates if:

                  (1) the transferring Stockholder gives notice of the transfer
to the Company and the other Stockholders at least 15 days before the transfer;

                                       2
<PAGE>   3

                  (2) the transferee Affiliate or Affiliates execute an addendum
agreement binding them by all terms and provisions of this Agreement which are
applicable to the transferring Stockholder; and

                  (3) the transfer does not have as a purpose the circumvention
of Article 2 or Section 4.1 of this Agreement.

         The intent of this Section 3.1 is to allow a Stockholder to make
transfers of Common Stock which do not and will not effect, and which do not
have as a purpose, any substantive change in the person or group of related
persons who directly or indirectly control or derive the ultimate economic
benefit from the transferred Common Stock. Any transfer of Common Stock which is
inconsistent with that intent shall not be permitted by this Section 3.1, even
if it otherwise technically complies with this Section 3.1.

         3.2 TRANSFERS DUE TO DEATH. Notwithstanding Article 2 or Section 4.1 of
this Agreement, upon the death of any Stockholder who is an individual, shares
of Common Stock owned by such Stockholder may be transferred to the spouse or
heirs of such Stockholder and/or to one or more trusts for the benefit of said
spouse or heirs.

         3.3 PLEDGES OF STOCK. Any Stockholder may pledge or mortgage shares of
his or its Common Stock in connection with a bona fide transaction and as
security for an obligation the pledging Stockholder fully intends to perform.
Such a pledge or mortgage may be made without the consent of the other
Stockholders, without violating Article 2 of this Agreement, and without
triggering a right of first refusal, co-sale right or sale obligation under
Section 4.1, 4.2 or 4.3 of this Agreement. However, (i) at the time of the
pledge or mortgage, the pledgee or mortgagee of the pledged or mortgaged shares
must agree in writing to be bound by, and that the pledged or mortgaged shares
will continue to be subject to, this Agreement and (ii) any Disposition of
Common Stock upon foreclosure of a pledge or mortgage shall be governed by all
provisions of this Agreement, including its Article 2 and Sections 4.1, 4.2 and
4.3.

                                   ARTICLE IV.

                                 SALES OF STOCK

         4.1 SALES BY STOCKHOLDERS. In the circumstances and on the terms
described in this Section 4.1, the Company and the other Stockholders, in that

                                       3
<PAGE>   4

order, shall have rights of first refusal to purchase shares of Common Stock
which a Stockholder wishes to sell.

                  a. OPTIONS TO PURCHASE. If a Stockholder (the "Selling
Stockholder") receives a bona fide written offer from a proposed purchaser who
is not an Affiliate of the Selling Stockholder (in this Section 4.1, the
"Proposed Purchaser") for the purchase, for cash (it being acknowledged that a
sale of shares of Common Stock by a Stockholder for property other than cash is
prohibited by Article 2 of this Agreement), of all or some of the shares of
Common Stock owned by the Selling Stockholder, and if the Selling Stockholder
wants to sell such shares and is prepared to accept the Proposed Purchaser's
offer, then before making the sale, the Selling Stockholder shall first offer
for sale to the Company, and if the Company declines the offer, then to the
other Stockholders pro rata in accordance with their respective holdings of
Common Stock, the shares of Common Stock proposed to be sold to the Proposed
Purchaser (the "4.1 Option Shares").

                  b. OPTION PRICE. The price per share at which the Selling
Stockholder shall be required to offer the 4.1 Option Shares for sale under this
Section 4.1 (the "4.1 Option Price") shall be the per share price offered by the
Proposed Purchaser:

                  c. OFFERING NOTICE. The Selling Stockholder's offer to the
Company and the other Stockholders shall be made by a written notice to the
Company and the other Stockholders (a "4.1 Offering Notice"). The 4.1 Offering
Notice shall:

                           (1) state that it is being made under this Section
4.1;

                           (2) state the number of 4.1 Option Shares, the price
at which the Proposed Purchaser has offered to purchase them, and the scheduled
date of sale to the Proposed Purchaser;

                           (3) identify by name and a brief description the
Proposed Purchaser; and

                           (4) have attached to it a copy of the Proposed
Purchaser's offer.

                  d. ACCEPTANCE OR REJECTION. Within 30 days following the date
of a 4.1 Offering Notice, the Company shall deliver to the Selling Stockholder
(with a copy to the other Stockholders) a reply notice accepting or rejecting
the offer made by the Selling Stockholder in the 4.1 Offering Notice. The
Company can only accept the offer as to all (and not less than all) of the 4.1

                                       4
<PAGE>   5

Option Shares. If the Company fails to deliver a reply notice within the
required 30-day period, the Company will be deemed to have rejected the Selling
Stockholder's Offer.

                  e. OTHER STOCKHOLDERS' OPTION. If an offer made by a 4.1
Offering Notice is rejected or deemed rejected by the Company, then each other
Stockholder within 30 days after the earliest to occur of the lapse of the
30-day option period provided for in paragraph (d) above of this Section 4.1 or
the receipt by the other Stockholders of their copy of the Company's reply
notice rejecting the offer of the Selling Stockholder, shall deliver to the
Selling Stockholder a reply notice accepting or rejecting the offer made by the
Selling Stockholder in his 4.1 Offering Notice. The other Stockholders may
collectively accept the offer only as to all (and not less than all) of the 4.1
Option Shares, but if any other Stockholder does not wish to accept an offer to
him made by a 4.1 Offering Notice, the remaining and accepting other
Stockholders may elect (either pro rata in accordance with their respective
holdings of Common Stock or in such other proportions as they may mutually
agree) to accept the offer made to the declining other Stockholder or
Stockholders. If any other Stockholder fails to deliver a reply notice within
the required 30-day period, said other Stockholder will be deemed to have
rejected the Selling Stockholder's offer.

                  f. LAPSE OF OPTIONS. If both offers made to the Company and
the other Stockholders by a 4.1 Offering Notice are rejected or deemed rejected,
then the Selling Stockholder may sell all, but not less than all, of the 4.1
Option Shares to the Proposed Purchaser, but only if:

                           (1) the sale is completed within 60 days after the
other Stockholders reject or are deemed to have rejected the offer made by the
4.1 Offering Notice;

                           (2) the sale is made at the price and on other terms
identical to those set forth in the Proposed Purchaser's Offer; and

                           (3) upon consummation of the sale, the Proposed
Purchaser (joined by his or her spouse if the Proposed Purchaser is a married
individual and his or her spouse has or will have any community property or
other interest in the 4.1 Option Shares) agrees in writing to be bound by the
terms and provisions of this Agreement as a Stockholder.

                                       5
<PAGE>   6

                  g. CONSUMMATION OF PURCHASES. Each transaction of purchase and
sale pursuant to an accepted 4.1 Offering Notice shall be completed by delivery
of the stock certificates representing the 4.1 Option Shares, endorsed in blank
or accompanied by duly executed stock powers, and by actual registration of the
transfer of the 4.1 Option Shares on the stock transfer books of the Company,
upon payment of the 4.1 Option Price by certified or bank cashier's checks (or
the Company's check if it is the purchaser). Each such transaction shall be
closed at a time and place mutually agreed to by the Selling Stockholder and the
Company or the other Stockholders, as applicable, or, if they cannot agree, at
the principal office of the Company on the 30th business day after 60 days
following the date of the 4.1 Offering Notice.

         4.2 RIGHT OF CO-SALE. If (i) PODS USA, LLC wishes to sell, in a single
transaction or series of related transactions, shares of Common Stock to any
person other than an Affiliate of such Stockholder or to another Stockholder if
the number of shares proposed to be sold by PODS USA, LLC represents more than
50% of the total number of shares of Common Stock then outstanding (determined
on a fully diluted basis), or (ii) Peter S. Warhurst wishes to sell, in a single
transaction or series of related transactions, more than 20% of his shares of
stock in JPJ Development, Inc. to any person other than an Affiliate of Peter S.
Warhurst or to another Stockholder, or (iii) JPJ Development, Inc. wishes to
sell, in a single transaction or series of related transactions, more than 20%
of its membership interest in PODS USA, LLC to any person other than an
Affiliate of Peter S. Warhurst, an Affiliate of PODS USA, LLC or to another
Stockholder, and then, in addition to any provisions of Section 4.1 which may
apply to the proposed sales transaction, each of the Stockholders shall have the
right (the "Right of Co- Sale") to require, as a condition to consummation of
the proposed sale, that there be contemporaneously sold in the same transaction,
to the same purchaser, for the same consideration, and on the same terms, a
number of shares of Common Stock owned by such other Stockholder which bears the
same percentage relationship to the total number of shares of Common Stock then

                                       6
<PAGE>   7

owned by such Stockholder as the number of shares of Common Stock to be sold by
PODS USA, LLC, Peter S. Warhurst, or JPJ Development, Inc. (each a "Selling
Shareholder") bears to the total number of shares of Common Stock then owned by
the Selling Stockholders. For purposes of this Section 4.2, PODS USA, LLC and
JPJ Development, Inc., by signing this Agreement, hereby agree, upon receipt of
a copy of the notice of the Co-Sale Transaction, to take such actions as may be
necessary or appropriate, including but not limited to a distribution to Peter
S. Warhurst and/or JPJ Development, Inc., of Common Stock of the Company, such
that the Co-Sale Transaction, if required by the parties thereto, will
constitute a sale of Common Stock of the Company, rather than a sale of an
interest in PODS USA, LLC or the stock of JPJ Development, Inc.

         Written notice of any proposed transaction to which this Section 4.2
applies (a "Co-Sale Transaction") shall be given to each Stockholder (other than
the Selling Stockholder) at least 45 days before the scheduled consummation date
of the Co-Sale Transaction. The notice from the Selling Stockholder shall
describe all material terms and conditions of the Co-Sale Transaction, including
the number of shares of Common Stock to be sold by the Selling Stockholder, the
amount and form of the consideration to be paid by the proposed purchaser, the
identity of the proposed purchaser, and the scheduled consummation date of the
Co-Sale Transaction. If with respect to any Co-Sale Transaction another
Stockholder wishes to exercise its Right of Co-Sale, then within 30 days
following his receipt of notice of the Co-Sale Transaction, such Stockholder
shall give the Selling Stockholder written notice of his election to exercise
the right. An election to exercise its Right of Co-Sale shall bind a Stockholder
to sell the number of shares of Common Stock to which the Right of Co-Sale
applies in, and on terms identical to those of, the Co-Sale Transaction.

         If any one or more Stockholders exercise their Right of Co-Sale under
this Section 4.2, then (i) the aggregate number of shares to be sold by all
Stockholders (including the Selling Stockholder) in the Co-Sale Transaction
shall be that number of shares originally proposed to be sold in the Co-Sale
Transaction by the Selling Stockholder, and (ii) the number of shares to be sold
in the Co-Sale Transaction by each Stockholder participating in the Co-Sale
Transaction (including the Selling Stockholder) shall be allocated among such
Stockholders proportionately in accordance with the ratio obtained by dividing
(x) the number of shares of Common Stock owned by each such Stockholder by (y)
the total number of shares of Common Stock owned by all such Stockholders.

         4.3 REQUIRED SALES. If (i) one or more Stockholders wish to sell, in a
single transaction or series of related transactions, all of their respective
shares of Common Stock to any person other than another Stockholder or the
respective Affiliates of such Stockholders, (ii) the number of shares proposed
to be sold by such Stockholder or Stockholders represents more than 33.3% of the
total number of shares of Common Stock then outstanding (determined on a fully

                                       7
<PAGE>   8

diluted basis), and (iii) the Board of Directors of the Company have approved
the sale, then, upon demand by said selling Stockholder or Stockholders, each
non-selling Stockholder shall have the obligation to sell all of such
Stockholder's Common Stock in the same transaction to the same purchaser, for
the same consideration, and on the same terms.

         Written notice of any proposed transaction to which this Section 4.3
applies (a "Sale Transaction") shall be given to each Stockholder at least 30
days before the scheduled consummation date of the Sale Transaction. The notice
from the proposed sellers shall describe all material terms and conditions of
the Sale Transaction, including the number of shares of Common Stock to be sold
by the proposed selling Stockholder or Stockholders, the amount and form of the
consideration to be paid by the proposed purchaser, the identity of the proposed
purchaser, and the scheduled consummation date of the Sale Transaction. Upon
receipt of the notice of the Sale Transaction, a Stockholder shall be obligated
to sell all of its shares of Common Stock in accordance with the terms set forth
in said notice, and shall execute and deliver all such instruments and
documents, and shall take all such other action as shall be reasonably requested
of him in order to accomplish the sale.

         4.4 PREEMPTIVE RIGHT OF STOCKHOLDERS. Except as provided below in this
Section 4.4, each Stockholder shall have a preemptive right to purchase such
Stockholder's "pro rata share" of all Common Stock the Company wishes to issue,
for the same price and on the same terms and conditions as the Company proposes
to issue the Common Stock to others. By a written notice (the "Preemptive
Notice"), the Company shall notify each Stockholder of any proposed issuance of
Common Stock at least 30 days before their proposed issue date. Each Preemptive
Notice shall state the offer price of the Common Stock to which it relates,
describe in reasonable detail all other material terms and conditions of the
offer, and describe in similar detail all material terms and characteristics of
such Common Stock. If a Stockholder wishes to exercise its preemptive right with
respect to an issuance of Common Stock, it shall so notify the Company, in
writing, within 20 days after its receipt of the relevant Preemptive Notice.

         For purposes of this Section 4.4, a Stockholder's "pro rata share"
means at any time and with respect to any particular proposed issuance by the
Company of Common Stock, such percentage as will enable such Stockholder,
assuming it exercises its preemptive right with respect to such issuance of

                                       8
<PAGE>   9

Common Stock, to own and have the right to acquire both immediately before and
immediately after such issuance of such Common Stock, the same percentage of the
total number of shares of Common Stock then outstanding or issuable upon
exercise of other outstanding equity securities.

                                   ARTICLE V.

                         PIGGYBACK REGISTRATION RIGHTS.

         At any time after the latest to occur of (i) the IPO Closing Date (as
defined below) and (ii) the expiration of any lock-up period which may have been
imposed on the Stockholders by the underwriters in connection with the initial
public offering consummated on the IPO Closing Date, and before the fifth
anniversary of the IPO Closing Date, whenever the Company proposes to register
any Common Stock for its own account (or for the account of a holder or holders
of shares of Common Stock) under the Securities Act of 1933, as amended, and any
successor thereto and the rules and regulations thereunder (the "Securities
Act") for a public offering for cash, other than a registration relating to the
offering or issuance of shares in connection with (i) employee compensation or
benefit plans or (ii) one or more acquisition transactions under a Registration
Statement on Form S-4 under the Securities Act (or a successor to Form S-4) (any
such offering or issuance being an "EXEMPT OFFERING"), the Company will give
each Stockholder written notice of its intent to do so (a "REGISTRATION NOTICE")
at least 30 days prior to the filing of the related registration statement with
the Securities and Exchange Commission or any successor thereto (the
"Commission"). Such notice shall specify the approximate date on which the
Company proposes to file such registration statement and shall contain a
statement that the Stockholders are entitled to participate in such offering and
shall set forth the number of shares of Registrable Common (as defined below)
that represents the best estimate of the lead managing underwriter (or if not
known or applicable, the Company) that will be available for sale by the holders
of Registrable Common in the proposed offering. Each holder of Registrable
Common desiring to participate in such offering shall notify the Company no
later than 20 days following receipt of the Registration Notice of the aggregate
number of shares of Registrable Common that such holder then desires to sell in

                                       9
<PAGE>   10

the offering. Each holder of Registrable Common desiring to participate in such
public offering may include shares of Registrable Common in the registration
statement relating to the offering, to the extent that the inclusion of such
shares shall not reduce the number of shares of Common Stock to be offered and
sold by the Company to be included therein. If the lead managing underwriter
selected by the Company for a public offering determines and notifies the
Company in writing that, in view of marketing factors, the inclusion of all
shares of Registrable Common requested to be included in the offering would
adversely affect the offering and therefore require a limitation on the number
of shares of Registrable Common to be offered and sold in such offering, there
shall be included in the offering only that number of shares of Registrable
Common, if any, that such lead managing underwriter reasonably and in good faith
believes will not jeopardize the success of the offering, in which case (i) the
number of shares of Registrable Common to be offered and sold by holders
desiring to participate in the offering, shall be allocated among such holders
on a pro rata basis based on their holdings of Registrable Common and (ii) if
the registration statement relating to the offering has been filed by the
Company in response to a demand for registration by a holder or holders of
Common Stock (whether pursuant to this Agreement or any other agreement), then
the holder or holders of Common Stock so demanding registration shall be
entitled to priority over the holders of Registrable Common exercising their
registration rights pursuant to this Article V, and the number of shares of
Registrable Common requested to be included in such registration pursuant to
this Article V shall be reduced or eliminated before any such other holder of
Common Stock demanding registration shall be required to exclude any shares from
such registration.

         "IPO Closing Date" means the date upon which the Company first receives
payment for shares of Common Stock it sells to one or more investment banking
firms pursuant to an underwriting agreement relating to the first time after the
date hereof a registration statement filed under the Securities Act and
respecting a primary offering by the Company of Common Stock (other than a
registration statement respecting shares being offered pursuant to a Company
ERISA Employee Benefit Plan, ERISA Pension Benefit Plan or Other Compensation
Plan, as such terms are defined in the Acquisition Agreements) is declared
effective under the Securities Act and the shares of Common Stock registered by
that registration statement are issued and sold by the Company (otherwise than
pursuant to the exercise by such investment banking firm or firms of any
overallotment option).

         "Registrable Common" means shares of Common Stock that are held by the
Stockholders as of the date of this Agreement and any additional shares of
Common Stock issued or distributed in respect of any other shares of Registrable
Common by way of a stock dividend or distribution or stock split or in
connection with a combination of shares, recapitalization, reorganization,
merger, consolidation or otherwise. For purposes of this Agreement, shares of

                                       10
<PAGE>   11

Registrable Common will cease to be Registrable Common when and to the extent
that (i) a registration statement covering such shares has been declared
effective under the Securities Act and such shares have been disposed of
pursuant to such effective registration statement, (ii) such shares are sold
pursuant to Rule 144 or become saleable under Rule 144(k), or (iii) such shares
have been otherwise transferred to a person or entity that is not a Stockholder,
other than pursuant to Article III.

         All expenses incurred in connection with any registration,
qualification and compliance under this Agreement (including, without
limitation, all registration, filing, qualification, legal, printing and
accounting fees, and including all reasonable fees of one counsel acting on
behalf of all holders of the securities being registered in such registration)
shall be borne by the Company. All underwriting commissions and discounts
applicable to shares of Registrable Common included in the registrations under
this Agreement shall be borne by the holders of the securities so registered pro
rata on the basis of the number of shares so registered.

                                   ARTICLE VI.

                                  LEGAL MATTERS

         6.1 SECURITIES LAWS. Notwithstanding any other provision of this
Agreement, all Dispositions shall be subject to compliance with all federal and
applicable state securities laws.

         6.2 LEGEND ON CERTIFICATES. The Stockholders agree that the following
legend shall appear on all certificates representing shares of Common Stock:

         "Certain dispositions of the shares represented by this certificate are
         restricted by a Stockholders' Agreement among the Company and its
         stockholders. Such shares are also subject to a voting agreement
         contained in the Stockholders' Agreement. A copy of the Stockholders'
         Agreement is on file at the Company's registered office, and, upon
         request, the Company will furnish a copy of it to the record holder of
         this certificate, without charge."

                                  ARTICLE VII.

                                      TERM

         7.1 TERMINATION. This Agreement shall terminate upon the first to occur
of:

                                       11
<PAGE>   12

                  (1) any event which reduces the number of the Company's
stockholders to one; or

                  (2) the commencement of trading of shares of Common Stock in
the over-the-counter market or on any securities exchange.

                                  ARTICLE VIII.

                                  MISCELLANEOUS

         8.1 ATTEMPTED BREACHES. Each party to this Agreement:

                  (1) acknowledges that a remedy at law for any breach or
attempted breach of this Agreement will be inadequate;

                  (2) agrees that each other party shall be entitled to specific
performance and injunctive and other equitable relief in case of any breach or
attempted breach; and

                  (3) agrees to waive any requirement for the securing or
posting of any bond in connection with obtaining such injunctive or other
equitable relief.

         8.2 NOTICES. All notices, requests, waivers, consents, and other
communications under this Agreement shall be in writing and shall be deemed to
have been given if personally delivered or mailed, first class, registered or
certified mail, postage prepaid or telecopied and later confirmed by hard copy
delivered as provided above:

                  (1) if to any Stockholder, to the address of such Stockholder
as it appears on the stock transfer records of the Company;

                  (2) if to the Company, to:

or at such other address as shall be given in writing by any
party to the others.

         8.3 ASSIGNMENT. A Stockholder may assign his or its rights under this
Agreement to any Affiliate to whom such Stockholder transfers Common Stock under
Section 3.1 of this Agreement, to a spouse, heirs or trust for the benefit of a
spouse or heirs pursuant to a transfer under Section 3.2 of this Agreement, or

                                       12
<PAGE>   13

to any Proposed Purchaser to whom such Stockholder may sell shares of Common
Stock after compliance with Section 4.1 of this Agreement, in each case to the
extent of the Common Stock transferred or sold. Otherwise, this Agreement may
not be assigned by any of its parties without the consent of all other parties.

         8.4 SUCCESSORS BOUND. Subject to Section 8.3, this Agreement shall be
binding upon and inure to the benefit of its parties and their respective heirs,
successors, assigns, and personal legal representatives.

         8.5 SECTION HEADINGS. The article and section headings in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement. References in this Agreement to a designated
"Article" or "Section" refer to an Article or Section of this Agreement unless
otherwise specifically indicated.

         8.6 JOINDER OF SPOUSES. The spouse of each married Stockholder whose
domicile is in a state having community marital property laws or whose spouse
otherwise has any community property interest in any shares of Common Stock,
hereby joins in the execution of this Agreement to evidence the binding effect
of this Agreement on any community property or other interest he or she may have
in any shares of Common Stock.

         8.7 AMENDMENT. This Agreement may be amended by a written instrument
executed by all Stockholders.

         8.8 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
among the parties concerning its subject matter.

         8.9 COUNTERPARTS. This Agreement may be executed in counterparts, each
of which shall be deemed an original, but all of which shall constitute the same
instrument.

         8.10 GOVERNING LAW. This Agreement shall be construed under and
governed by the law of the State of Florida.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                 THE COMPANY:

                                 PODS, Inc.

                                 By:
                                   --------------------------------
                                     Peter S. Warhurst, President

                                 STOCKHOLDER:

                                 PODS USA, LLC, a Florida
                                 limited liability company

                                 By: JPJ Development, Inc.,
                                     Managing Member

                                 By:
                                   --------------------------------
                                     Authorized Representative

                                 STOCKHOLDER:

                                 ----------------------------------
                                     Stephen A. MacEachern

                                       13
<PAGE>   14

                                 STOCKHOLDER:

                                 ------------------------------
                                 David N. Wakely, Trustee of the
                                 David N. Wakely Trust dated
                                 12/28/92

                                 STOCKHOLDER:

                                 ------------------------------
                                 Jane Kochan, Co-Trustee of the
                                 Kochan Family Trust, dated
                                 7/15/92

                                 ------------------------------
                                 Joan Kochan, Co-Trustee of the
                                 Kochan Family Trust, dated
                                 7/15/92

                                 STOCKHOLDER:

                                 ------------------------------
                                 Martin H. Schweitzer

                                 ------------------------------
                                 Elizabeth F. Schweitzer

                                 STOCKHOLDER:

                                 DOGANIERO FAMILY LIMITED
                                 PARTNERSHIP

                                 By:
                                    -------------------------
                                    Authorized Representative

                                 STOCKHOLDER:

                                 -------------------------
                                 Robert B. Timberlake

                                 STOCKHOLDER:

                                 --------------------------------
                                 Diana M. Smiles, Trustee of the
                                 Diana M. Smiles Living Trust
                                 dated 2/21/97

                                       14
<PAGE>   15

                                 STOCKHOLDER:

                                 ------------------------------
                                 Frank Doganiero

                                 STOCKHOLDER:

                                 ------------------------------
                                 G. William Lazenby, Trustee of
                                 the Lazenby & Heath, M.D.'s,
                                 P.A. Profit Sharing Plan and
                                 Trust

                                 STOCKHOLDER:

                                 ------------------------------
                                 Anthony G. Lembo

                                 STOCKHOLDER:

                                 THE GURTMAN LLC

                                 By:
                                   ------------------------------
                                    Authorized Representative

                                 STOCKHOLDERS:

                                 ------------------------------
                                 Thomas W. McMullen

                                 ------------------------------
                                 Donna B. McMullen

                                 STOCKHOLDER:

                                 ------------------------------
                                 Robert G. Brown

                                 STOCKHOLDER:

                                 ------------------------------
                                 Herbert G. Brown

                                 STOCKHOLDER:

                                 PRUDENTIAL SECURITIES
                                 CUSTODIAN for DENNIS MARTINO
                                 IRA Dated 11/20/84

                                 By:
                                   ------------------------------
                                    Authorized Representative

                                       15
<PAGE>   16

                                 STOCKHOLDER:

                                 ------------------------------
                                 Jared D. Brown

                                 STOCKHOLDERS:

                                 ------------------------------
                                 John L. McMullen

                                 ------------------------------
                                 Rhoda McMullen

                                 STOCKHOLDER:

                                 ------------------------------
                                 Lee E. Arnold, Jr.

                                 STOCKHOLDER:

                                 ------------------------------
                                 Debbie B. Arnold

                                 STOCKHOLDER:

                                 ------------------------------
                                 Alan H. Tralins

                                 STOCKHOLDERS:

                                 ------------------------------
                                 James J. Shapiro, JTWROS

                                 ------------------------------
                                 Jill D. Shapiro, JTWROS

                                 STOCKHOLDERS:

                                 ------------------------------
                                 Michael L. Hatch

                                 ------------------------------
                                 Joni J. Hatch

                                 STOCKHOLDER:

                                 ------------------------------
                                 Stanley Levy, Trustee of the
                                 Allen Levy Irrevocable Trust
                                 U/A Dated 10,14,96

                                       16
<PAGE>   17

                                 STOCKHOLDERS:

                                 ----------------------------------
                                 Barry M. Alpert, Co-Trustee of
                                 the Barry M. Alpert & Judith R.
                                 Alpert Trust U/A Dated 8/5/94

                                 ----------------------------------
                                 Judith R. Alpert, Co-Trustee
                                 of the Barry M. Alpert & Judith
                                 R. Alpert Trust U/A Dated 8/5/94

                                 STOCKHOLDER:

                                 ----------------------------------
                                 Arthur J. Zelenak, Trustee of
                                 the Arthur J. Zelenak Trust U/A
                                 Dated 3/9/98

                                 STOCKHOLDER:

                                 ----------------------------------
                                 Marc Fratello

                                 STOCKHOLDER:

                                 ----------------------------------
                                 William N. Handelman, M.D.,
                                 Trustee of the William N.
                                 Handelman, M.D. Pension &
                                 Profit Sharing Plan and Trust

                                 STOCKHOLDER:

                                 ----------------------------------
                                 Keith Schilit

                                 STOCKHOLDER:

                                 ----------------------------------
                                 Kenneth R. Lee, Trustee of the
                                 Lee Family Living Trust Dated
                                 the 29th day of May, 1997

         Accepted and agreed to with respect to Section 4.1 as of the 1st day of
December, 1999.

                                 ----------------------------------
                                 Peter S. Warhurst

         Accepted and agreed to with respect to Section 4.1 as of the 1st day of
December, 1999.

                                 JPJ Development, Inc.,
                                 Managing Member

                                 By:
                                   --------------------------------
                                   Peter S. Warhurst, President

                                       17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}]]