Document:

Exhibit 10.56

 

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.

 

 

	
  Allen
  D. Gillette

  	
   

  
	
  Name of Subscriber

  	
   

  

 

	
  Subscriber
  Signature:

  	
  /s/
  Allen D. Gillette 09-Nov-06

  	
   

  

 

 

	
   

  	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON

  SHARES

  	
   

  	
  TOTAL

  PURCHASE

  PRICE

  	
   

  
	
   

  	
  Allen D. Gillette

  	
   

  	
  6.0104

  	
   

  	
  $

  	
  60,104.00

  	
   

  
								

 

 

	
  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): Allen D. Gillette

 

b.                                      Address:

 

c.                                       Telephone
Number:

 

2.                                       Subscribers
That Are Entities.

 

a.                                       Type of entity:

 

o Trust

 

o Corporation

 

A-1

 

o  Partnership

 

Other:

 

b.                                      State and date of
legal formation:

 

c.                                       Nature of
Business:

 

d.                                      Was the entity
organized for the specific purpose of acquiring the Shares pursuant to the
Restricted Stock Agreement?

 

Yes
o

 

No
o

 

e.                                       Federal tax
identification number: 

 

3.                                       Subscribers Who
Are Individuals.

 

a.                                       State where
registered to vote:   

 

b.                                      Social Security
Number: 

 

c.                                       Please state
the subscriber’s education and degrees earned:

 

	
  Degree

  	
   

  	
  School

  	
   

  	
  Year

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

d.                                      Current
occupation (if retired, describe last occupation):

 

Employer:

 

Nature of Business:

 

Position:

 

Business Address:

 

Telephone Number:

 

A-2

 

4.                                       Accreditation.
Does the subscriber satisfy one or more of the following accredited investor
requirements? Contact the Company if none of the following is applicable.

 

Investor is:

 

o                                    A natural
person whose net worth (or joint net worth with my spouse) is in excess of
$1,000,000 as of the date hereof.

 

o                                    A natural
person whose income in the prior two years was, and whose income in the current
year is reasonably expected to be in excess of $200,000 or whose joint income
with my spouse in the prior two years was, and is reasonably expected to be in
the current year in excess of $300,000.

 

o                                    A director or
officer of the Company.

 

o                                    A trust with
total assets in excess of $5,000,000, not formed for the specific purpose of
investing in the Shares of GPS CCMP Acquisition Corp., whose purchases are
directed by a sophisticated person, who has such knowledge and experience in
financial and business matters that he or she is capable of evaluating the
merits and risks of an investment in the Shares of GPS CCMP Acquisition Corp.

 

o                                    A “bank”,
“savings and loan association”, or “insurance company” as defined in the
Securities Act of 1933.

 

o                                    A broker/dealer
registered pursuant to Section 15 of the Securities Exchange Act of 1934.

 

o                                    An investment
company registered under, or a “business development company” as defined in Section 2
(a)(48) of the Investment Company Act of 1940.

 

o                                    A Small
Business Investment Company licensed by the U.S. Small Business Administration
under the Small Business Investment Act of 1958.

 

A-3

 

o                                    A plan
established and maintained by a state, its political subdivisions, or any
agency or instrumentality of a state or its political subdivisions, for the
benefit of its employees and having total assets in excess of $5,000,000.

 

o                                    An “employee
benefit plan” as defined in the Employee Retirement Income Security Act of 1974
(a “Plan”) which has total assets in excess of $5,000,000.

 

o                                    A Plan whose
investment decisions, including the decision to subscribe for the Shares of GPS
CCMP Acquisition Corp., are made solely by (i) a “plan fiduciary” as
defined in Section 3(21) of the Employee Retirement Income Security Act of
1974, which includes a bank, a savings and loan association, an insurance
company or a registered investment adviser, or (ii) an “accredited
investor” as defined under Rule 501(a) of the Securities Act of 1933.

 

o                                    A private
business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940.

 

o                                    Any
organization described in Section 501(c)(3) of the Internal Revenue Code
of 1986, as amended, corporation, Massachusetts or similar business Trust, or
partnership, not formed for the specific purpose of investing in the Shares and
having total assets in excess of $5,000,000.

 

o                                    Any entity in
which all of the equity owners meet one of the above descriptions.

 

A-4

 

5.                                       Trusts.

 

Does the trust meet the following tests:

 

a.                                       Has total
assets in excess of $5,000,000?

 

Yes o                                                             No o

 

b.                                      Was formed for
the purpose of the investment in the Shares in this Contribution?

 

Yes o                                                             No o

 

c.                                       Are the purchases by the
Trust directed by a sophisticated investor who, alone or with his, her or its
subscriber representative, understands the merits and risks of the investment
in the Shares?

 

Yes o                                                             No o

 

[THE REMAINDER OF THIS PAGE IS BLANK]

 

A-5

 

	
  INDIVIDUAL(S) SIGN
  HERE:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Allen d. Gillette

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (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:Exhibit
10.57

 

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: 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.

 

 

	
  Dawn A. Tabat

  	
   

  
	
  Name of Subscriber

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Subscriber Signature:

  	
  /s/ Dawn A. Tabat

  	
   

  
			

 

	
   

  	
   

  	
  AGGREGATE

  CLASS B

  COMMON

  SHARES

  	
   

  	
  TOTAL

  PURCHASE

  PRICE

  	
   

  
	
  Dawn A. Tabat

  	
   

  	
  3869.8859

  	
   

  	
  $

  	
  38,698,859.00

  	
   

  
							

 

	
  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): Dawn A. Tabat

  
	
   

  	
   

  
	
  b.

  	
  Address:

  
	
   

  	
   

  
	
  c.

  	
  Telephone
  Number:

  
	
   

  	
   

  
	
  2.

  	
  Subscribers
  That Are Entities.

  
	
   

  	
   

  
	
  a.

  	
  Type
  of entity:

  

 

o Trust

 

o Corporation

 

A-1

 

o Partnership

 

Other:

 

b.                                      State and date
of legal formation:

 

c.                                       Nature of
Business:

 

d.                                      Was the entity
organized for the specific purpose of acquiring the Shares pursuant to the
Restricted Stock Agreement?

 

Yes o

 

No o

 

e.                                       Federal tax
identification number:

 

3.                                       Subscribers Who
Are Individuals.

 

a.                                       State where
registered to vote:

 

b.                                      Social Security
Number:

 

c.                                       Please state
the subscriber’s education and degrees earned:

 

	
  Degree

  	
   

  	
  School

  	
   

  	
  Year

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

d.                                      Current
occupation (if retired, describe last occupation):

 

Employer: 

 

Nature of Business:

 

Position:

 

Business Address:

 

Telephone Number:

 

A-2

 

4.                                       Accreditation. Does
the subscriber satisfy one or more of the following accredited investor
requirements? Contact the Company if none of the following is applicable.

 

Investor is:

 

o                                    A natural person whose net
worth (or joint net worth with my spouse) is in excess of $1,000,000 as of the
date hereof.

 

o                                    A natural person whose
income in the prior two years was, and whose income in the current year is
reasonably expected to be in excess of $200,000 or whose joint income with my
spouse in the prior two years was, and is reasonably expected to be in the
current year in excess of $300,000.

 

o                                    A director or officer of the
Company. 

 

o                                    A trust with total assets in
excess of $5,000,000, not formed for the specific purpose of investing in the
Shares of GPS CCMP Acquisition Corp., whose purchases are directed by a
sophisticated person, who has such knowledge and experience in financial and
business matters that he or she is capable of evaluating the merits and risks
of an investment in the Shares of GPS CCMP Acquisition Corp.

 

o                                    A “bank”, “savings and loan
association”, or “insurance company” as defined in the Securities Act of 1933.

 

o                                    A broker/dealer registered
pursuant to Section 15 of the Securities Exchange Act of 1934.

 

o                                    An investment company
registered under, or a “business development company” as defined in Section 2
(a)(48) of the Investment Company Act of 1940. 

 

o                                    A Small Business Investment
Company licensed by the U.S. Small Business Administration under the Small
Business Investment Act of 1958.

 

A-3

 

o                                    A plan established and
maintained by a state, its political subdivisions, or any agency or
instrumentality of a state or its political subdivisions, for the benefit of
its employees and having total assets in excess of $5,000,000.

 

o                                    An “employee benefit plan”
as defined in the Employee Retirement Income Security Act of 1974 (a “Plan”) which
has total assets in excess of $5,000,000. 

 

o                                    A Plan whose investment
decisions, including the decision to subscribe for the Shares of GPS CCMP
Acquisition Corp., are made solely by (i) a “plan fiduciary” as defined in
Section 3(21) of the Employee Retirement Income Security Act of 1974, which
includes a bank, a savings and loan association, an insurance company or a
registered investment adviser, or (ii) an “accredited investor” as defined
under Rule 501(a) of the Securities Act of 1933.

 

o                                    A private business
development company as defined in Section 202(a)(22) of the Investment
Advisers Act of 1940.

 

o                                    Any organization described
in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended,
corporation, Massachusetts or similar business Trust, or partnership, not
formed for the specific purpose of investing in the Shares and having total
assets in excess of $5,000,000.

 

o                                    Any entity in which all of
the equity owners meet one of the above descriptions.

 

A-4

 

5.                                       Trusts.

 

Does the trust meet the
following tests:

 

a.                                       Has total
assets in excess of $5,000,000?

 

Yes o             No o

 

b.                                      Was formed for
the purpose of the investment in the Shares in this Contribution?

 

Yes o             No o

 

c.                                       Are the
purchases by the Trust directed by a sophisticated investor who, alone or with
his, her or its subscriber representative, understands the merits and risks of
the investment in the Shares?

 

Yes o             No o

 

[THE REMAINDER OF THIS PAGE
IS BLANK]

 

A-5

 

	
  INDIVIDUAL(S) SIGN
  HERE:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dawn A. Tabat

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (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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