Document:

exv10w2

Exhibit 10.2

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) dated as of February 28, 2011 is entered
into by and among WCA Waste Corporation, a Delaware corporation (the “Company”), EWS Holdings, LLC,
a Delaware limited liability company (“EWS Holdings”), and any Permitted Transferee (as defined
below) who may become a party hereto from time to time by executing and delivering a joinder to
this Agreement in form reasonably acceptable to the Company (together with EWS Holdings, each a
“Stockholder” and collectively, the “Stockholders”). Capitalized terms used, but
not otherwise defined herein, shall have their respective meanings in the Purchase Agreement (as
defined below).

RECITALS

     WHEREAS, the Company is entering into this Agreement as a condition to the closing of the
transactions contemplated by the Amended and Restated Equity Interest Purchase Agreement (the
“Purchase Agreement”) with WCA Waste Systems, Inc., a Delaware corporation (“WCA Sub”), EWS
Holdings, WRH Gainesville, LLC, a Florida limited liability company (“WRH Gainesville”), WRH
Gainesville Holdings, LLC, a Florida limited liability company (“WRH Gainesville Holdings”), WRH
Orange City, LLC a Florida limited liability company (“WRH Orange City”), EWS Central Florida
Hauling, LLC, a Florida limited liability company (“EWS CF”), MacLand Holdings, Inc., a Delaware
corporation (“MacLand Holdings”), MacLand Disposal Center, Inc., a Mississippi corporation
(“MacLand I”), MacLand Disposal Inc. II, a Mississippi corporation (“MacLand II”), and Emerald
Waste Services, LLC, a Florida limited liability company (“EWS”), pursuant to which the Company
will issue to EWS Holdings at the Closing an aggregate of 2,409,639 shares (the “Closing Shares”)
of common stock of the Company, par value $0.01 per share (“Common Stock”); and

     WHEREAS, the Company and EWS Holdings desire to provide for certain arrangements with respect
to the registration of the Registrable Shares (as defined below) under the Securities Act (as
defined below).

AGREEMENT

     NOW, THEREFORE, in consideration of the issuance of the Common Stock pursuant to the Purchase
Agreement and the other promises contained therein, and in consideration of the foregoing and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

     1. Certain Definitions. Unless otherwise specified, all references to “days” shall be
deemed to be references to calendar days. For purposes of this Agreement, the following terms
shall have the following respective meanings:

     “Board of Directors” means the board of directors of the Company.

     “Business Day” means any day that is not Saturday, Sunday or other day when banks are required
or permitted to be closed in the State of Delaware.

 

 

     “Commission” means the Securities and Exchange Commission, or any other federal agency at the
time administering the Securities Act.

     “Company Subsidiary” means any corporation, partnership, trust, limited liability company or
other non-corporate business enterprise in which the Company (or another Company Subsidiary) holds
stock or other ownership interests representing (a) more than fifty percent (50%) of the voting
power of all outstanding stock or ownership interests of such entity or (b) the right to receive
more than fifty percent (50%) of the net assets of such entity available for distribution to the
holders of outstanding stock or ownership interests upon a liquidation or dissolution of such
entity.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor federal
statute, and the rules and regulations of the Commission issued under such Act, as they each may,
from time to time, be in effect.

     “Indemnified Party” means a party entitled to indemnification pursuant to Section 3.3.

     “Indemnifying Party” means a party obligated to provide indemnification pursuant to Section
3.3.

     “Other Registration Rights Agreements” means any agreement in existence as of the date of this
Agreement granting registration rights to any other Person with respect to any securities of the
Company.

     “Permitted Transferee” means any equity holder of EWS Holdings or any affiliate, stockholder
or member of such equity holder of EWS Holdings.

     “Person” means an individual, a partnership, a corporation, a limited liability company, an
association, a joint stock company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency or political subdivision thereof.

     “Prospectus” means the prospectus included in any Registration Statement, as amended or
supplemented by an amendment or prospectus supplement, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in such Prospectus.

     “Registrable Shares” means (a) the Closing Shares and (b) any other shares of Common Stock
issued in respect of such Closing Shares (because of stock splits, stock dividends,
reclassifications, recapitalizations or similar events); provided, however, that shares of Common
Stock which are Registrable Shares shall cease to be Registrable Shares upon any sale pursuant to
a Registration Statement or Rule 144 under the Securities Act. Notwithstanding anything to the
contrary herein, the Closing Shares (or any other shares of Common Stock issued in respect of such
Closing Shares (because of stock splits, stock dividends, reclassifications, recapitalizations or
similar events)) held by any Stockholder shall constitute Registrable Shares only upon the release
of such Closing Shares from any escrow provisions in the Purchase Agreement.

2

 

     “Registration Expenses” means all expenses incurred by the Company in complying with the
provisions of this Agreement, including, without limitation, all registration and filing fees,
exchange listing fees, printing expenses, fees and expenses of counsel for the Company and all
independent certified public accountants, underwriters (excluding discounts and commissions) and
other Persons retained by the Company, state blue sky fees and expenses, and the expense of any
special audits incident to or required by any such registration, but excluding underwriting
discounts, selling commissions and the fees and expenses of Selling Stockholders’ own counsel
(other than the counsel selected by the Requesting Stockholders’ Majority to represent all Selling
Stockholders).

     “Registration Statement” means a registration statement filed by the Company with the
Commission for a public offering and sale of securities of the Company (other than a registration
relating solely to employee benefit plans or a transaction pursuant to Rule 145 of the Securities
Act).

     “Requesting Stockholders’ Majority” means, at any time, the Stockholders holding a majority of
the Registrable Shares held by all Stockholders at such time.

     “Rule 144” means such rule promulgated under the Securities Act (or any successor provision)
by the Commission, as the same shall be amended from time to time, or any successor rule then in
force

     “Securities Act” means the Securities Act of 1933, as amended, or any successor federal
statute, and the rules and regulations of the Commission issued under such Act, as they each may,
from time to time, be in effect.

     “Selling Stockholder” means any Stockholder owning Registrable Shares included in a
Registration Statement.

     2. Piggyback Registrations.

          2.1 Right to Piggyback. Whenever the Company proposes to register any of its stock or
other securities under the Securities Act in connection with the public offering of such securities
solely for cash pursuant to a Registration Statement and the registration form to be used may be
used for the registration of Registrable Shares (a “Piggyback Registration”), the Company will give
prompt written notice to all Stockholders of its intention to effect such a registration. Upon the
written request of a Stockholder or Stockholders given within twenty (20) days after the Company
provides such written notice and, subject to the terms of Section 2.2 and 2.3, the Company shall
cause to be included in such registration (and in all related registrations or qualifications under
blue sky laws and in compliance with other registration requirements and in any related
underwriting) all Registrable Shares that the Company has been requested by such Stockholder or
Stockholders to be registered under the Securities Act; provided that the Company shall have the
right to postpone or withdraw any registration effected pursuant to this Section 2.1 without any
cost or obligation to any Stockholder.

          2.2 Priority on Primary Piggyback Registrations. If a Piggyback Registration is an
underwritten primary registration on behalf of the Company, and the managing underwriter(s) advise
the Company in writing that in their good faith opinion the number of

3

 

securities requested to be
included in such registration exceeds the number of securities which can be sold in such offering
without adversely affecting the marketability, proposed offering price, timing or method of
distribution of the offering, then the Company shall include in such registration only that number
of securities which in the opinion of such underwriters can be sold in such offering without
adversely affecting the marketability, proposed offering price, timing or method of distribution of
the offering, with priority for inclusion to be determined as follows: (i) first, the securities
the Company proposes to sell, (ii) second, any securities requested to be included therein by any
holders who have piggyback registration rights under any Other Registration Rights Agreement and
the Registrable Shares requested by each Selling Stockholder to be included in such registration
which, in the opinion of the underwriters, can be sold without any such adverse effect, pro rata
among the holders of such securities on the basis of the number of such securities owned by each
such holder and (iii) third, any other securities requested to be included in such registration
which, in the opinion of the underwriters, can be sold without any such adverse effect.

          2.3 Priority on Secondary Piggyback Registrations. If a Piggyback Registration is an
underwritten secondary registration on behalf of holders of the Company’s securities other than any
Stockholder, and the managing underwriters advise the Company in writing that in their opinion the
number of securities requested to be included in such registration exceeds the number of securities
which can be sold in such offering without adversely affecting the marketability, proposed offering
price, timing or method of distribution of the offering, then the Company shall include in such
registration only that number of securities which in the opinion of such underwriters can be sold
in such offering without adversely affecting the marketability, proposed offering price, timing or
method of distribution of the offering, with priority for inclusion to be determined as follows:
(i) first, the securities requested to be included therein by the holders requesting such
registration pursuant to a demand registration right under any Other Registration Rights Agreement,
(ii) second, the Registrable Shares requested by each Selling Stockholder to be included in such
registration which, in the opinion of the underwriters, can be sold without any such adverse
effect, pro rata among the Selling Stockholders on the basis of the number of Registrable Shares
owned by each such Selling Stockholder, and (iii) third, any other securities requested to be
included in such registration which, in the opinion of the underwriters, can be sold without any
such adverse effect.

     3. Registration Procedures. Whenever any of the Stockholders have requested that any
Registrable Shares be registered pursuant to this Agreement, in order to effect the registration
and the sale of such Registrable Shares in accordance with the intended method of disposition
thereof, and pursuant thereto the Company shall:

               (a) prepare and file with the Commission a Registration Statement (provided that before filing
a Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall
furnish to one legal counsel selected by the Requesting Stockholders’ Majority copies of all such
documents proposed to be filed, which documents shall be subject to the review and reasonable
comments of such counsel), with respect to such Registrable Shares and use its best efforts to (i)
cause that Registration Statement to become effective as soon as practicable, (ii) keep such
registration statement effective until the distribution contemplated in the Registration Statement
has been completed and (iii) promptly

4

 

notify each Selling Stockholder of the effectiveness of each Registration Statement filed hereunder;

               (b) prepare and promptly file with the Commission any amendments and supplements to the
Registration Statement and the prospectus used in connection therewith and such free writing
prospectuses under Rule 433 under the Securities Act (each, a “Free Writing Prospectus”) included
in the Registration Statement as may be necessary to keep such Registration Statement effective for
a period ending when all of the securities covered by such Registration Statement have been
disposed of in accordance with the intended methods of disposition by the Selling Stockholders
thereof as set forth in such Registration Statement, and comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such Registration
Statement during such period in accordance with the intended methods of disposition by the Selling
Stockholders thereof set forth in such Registration Statement

               (c) furnish to each Selling Stockholder such reasonable number of copies of such Registration
Statement, each amendment and supplement thereto, the Prospectus included in such Registration
Statement (including each preliminary prospectus and any summary prospectus), each Free-Writing
Prospectus and such other documents in conformity with the requirements of the Securities Act and
as each such Selling Stockholder may reasonably request in order to facilitate the disposition of
the Registrable Shares owned by such Selling Stockholder;

               (d) notify each Selling Stockholder at any time during which a Prospectus relating to the
offering of the Registrable Shares is required to be delivered under the Securities Act (and until
the closing of the offering of any shares thereby) of the occurrence of any event as a result of
which any Prospectus contains an untrue statement of material fact, or omits any material fact
necessary to make the statements that were made not misleading in light of the circumstances under
which they were made, and at the request of any Selling Stockholder, use reasonable best efforts to
promptly prepare and file with the Commission a supplement or amendment to such Prospectus so that,
as thereafter supplemented and/or amended, such Prospectus will not contain an untrue statement of
material fact, or omit any material fact necessary to make the statements that were made not
misleading in light of the circumstances under which they were made;

               (e) use its best efforts to register or qualify the Registrable Shares covered by the
Registration Statement under the securities or blue sky laws of such states as any Selling
Stockholder reasonably requests and do any and all other acts and things which may be reasonably
necessary or advisable to enable such Selling Stockholder to consummate the
disposition in such states of the Registrable Shares owned by such Selling Stockholder;
provided, however, that the Company shall not be required in connection with this
paragraph (e) to qualify as a foreign corporation or to execute a general consent to service of
process in any jurisdiction or to amend its organizational documents in a manner that the Board of
Directors determines is inadvisable

5

 

               (f) cause all such Registrable Shares to be listed on each securities exchange or automated
quotation system on which similar securities issued by the Company are then listed;

               (g) provide a transfer agent and registrar for all such Registrable Shares not later than the
effective date of such Registration Statement;

               (h) make available for inspection by the Selling Stockholders, any managing underwriter
participating in any disposition pursuant to such Registration Statement, and any attorney or
accountant or other agent retained by any such underwriter or selected by the Selling Stockholders,
all financial and other records, pertinent corporate documents and properties of the Company, and
cause the Company’s officers, directors, employees and independent accountants to supply all
information reasonably requested by any such Selling Stockholder, underwriter, attorney, accountant
or agent in connection with such Registration Statement;

               (i) notify each Selling Stockholder, promptly after it shall receive notice thereof, of the
time when such Registration Statement has become effective or a supplement to any Prospectus
forming a part of such Registration Statement has been filed;

               (j) promptly notify each Selling Stockholder of any (i) request by the Commission for any
amendment or supplement to the Prospectus or for any additional information, (ii) notification to
the Company by the Commission of its initiation of any proceeding with respect to the issuance by
the Commission of any stop order suspending the effectiveness of any Registration Statement or
(iii) receipt by the Company from the Commission or any state securities authority of any
notification with respect to the suspension of the qualification of any Registrable Shares for sale
under the applicable securities or blue sky laws of any jurisdiction and in the event of the
issuance of any stop order suspending the effectiveness of a Registration Statement, or the
issuance of any order suspending or preventing the use of any related Prospectus or suspending the
qualification of any Registrable Shares included in such Registration Statement for sale in any
jurisdiction, use its reasonable best efforts promptly to obtain the withdrawal of such order;

               (k) in connection with any underwritten public offering, enter into and perform such customary
agreements (including underwriting agreements in customary form) and use its best efforts to take
all such other actions as the underwriters reasonably request in order to expedite or facilitate
the disposition of such Registrable Shares, (ii) provide to the underwriters a legal opinion of the
Company’s outside counsel, dated the date of the closing under the underwriting agreement, with
respect to the Registration Statement (as amended or supplemented), the Prospectus included therein
(including the preliminary prospectus) and such other documents relating thereto in customary form
and covering such matters of the type
customarily covered by legal opinions of such nature, which opinion shall be addressed to such
underwriters, and (iii) obtain for the underwriters a cold comfort letter from the Company’s
independent public accountants in customary form and covering such matters of the type customarily
covered by cold comfort letters as such underwriters reasonably request;

6

 

               (l) take all reasonable actions to ensure that any Free-Writing Prospectus prepared by or on
behalf of the Company in connection with any Demand Registration or Piggyback Registration
hereunder complies in all material respects with the Securities Act, is filed in accordance with
the Securities Act to the extent required thereby, is retained in accordance with the Securities
Act to the extent required thereby and, when taken together with the related Prospectus, will not
contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading;

               (m) cooperate with the holders of Registrable Shares covered by the Registration Statement and
the managing underwriters or agents, if any, to facilitate the timely preparation and delivery of
certificates (not bearing any restrictive legends) representing Registrable Shares to be sold under
the Registration Statement and enable such securities to be in such denominations and registered in
such names as the managing underwriters, or agents, if any, or such holders may request; and

               (n) cooperate with each holder of Registrable Shares covered by the Registration Statement and
each underwriter or agent participating in the disposition of such Registrable Shares and their
respective counsel in connection with any filings required to be made with Financial Industry
Regulatory Authority (or successor thereto).

          3.2 Allocation of Expenses. The Company will pay all Registration Expenses for all
registrations under this Agreement, including (without limitation) all registration, filing, and
qualification fees, printers and accounting fees relating or apportionable thereto.

          3.3 Indemnification and Contribution.

               (a) In the event of any registration of any of the Registrable Shares under the Securities Act
pursuant to this Agreement, the Company will indemnify and hold harmless to the fullest extent
permitted by law each Selling Stockholder, each underwriter of such Registrable Shares, and each
other person, if any, who controls or is affiliated with such Selling Stockholder or underwriter
within the meaning of the Securities Act or the Exchange Act against any losses, claims, damages,
liabilities and expenses (including with respect to actions or proceedings, whether commenced or
threatened, and including reasonable attorney fees and expenses of one legal counsel for all
Selling Stockholders), joint or several, to which such Selling Stockholder, underwriter or
controlling or affiliated person may become subject under the Securities Act, the Exchange Act,
state securities or blue sky laws or otherwise, insofar as such losses, claims, damages,
liabilities or expenses (including with respect to actions or proceedings, whether commenced or
threatened, and including reasonable attorney fees and
expenses of one legal counsel for all Selling Stockholders) arise out of, are based upon or
are directly related to (i) any untrue statement or alleged untrue statement of any material fact
contained in any Registration Statement under which such Registrable Shares were registered under
the Securities Act, any preliminary prospectus or Prospectus contained in the Registration
Statement, any Free Writing Prospectus, or any amendment or supplement to any of the foregoing,
(ii) the omission or alleged omission to state a material fact required to be stated therein or
necessary to make the statements therein not misleading or (iii) any violation or alleged violation
by the Company of the Securities Act, the Exchange Act, any state securities

7

 

law or any rule or
regulation promulgated under the Securities Act, the Exchange Act or any state securities law in
connection with the Registration Statement, preliminary prospectus, Prospectus or Free Writing
Prospectus, or any such amendment or supplement, or the offering contemplated thereby; and the
Company will promptly reimburse such Selling Stockholder, underwriter and each such controlling or
affiliated person for any legal or any other expenses reasonably incurred by such Selling
Stockholder, underwriter or controlling or affiliated person in connection with investigating or
defending any such loss, claim, damage, liability or expense (including with respect to actions or
proceedings, whether commenced or threatened, and including reasonable attorney fees and expenses
of one legal counsel for all Selling Stockholders); provided, however, that the
Company will not be liable in any such case to the extent that any such loss, claim, damage,
expense or liability arises out of or is based upon any untrue statement or omission made in such
Registration Statement, preliminary prospectus, Prospectus or Free Writing Prospectus, or any such
amendment or supplement, in reliance upon and in conformity with information furnished to the
Company, in writing, by or on behalf of such Selling Stockholder, underwriter or controlling or
affiliated person specifically for inclusion therein; provided, further,
however, that in the event that a court of competent jurisdiction decides against any such
allegations of untrue statements or omissions of a material fact, the Company shall be reimbursed
for any amounts previously paid hereunder with respect to such allegations.

               (b) In the event of any registration of any of the Registrable Shares under the Securities Act
pursuant to this Agreement, each Selling Stockholder, severally and not jointly, will indemnify and
hold harmless to the fullest extent permitted by law the Company, each of its directors and
officers and each underwriter (if any) and each person, if any, who controls the Company or any
such underwriter within the meaning of the Securities Act or the Exchange Act, against any losses,
claims, damages, liabilities and expenses (including with respect to actions or proceedings,
whether commenced or threatened, and including reasonable attorney fees and expenses), joint or
several, to which the Company, such directors and officers, underwriter or controlling person may
become subject under the Securities Act, Exchange Act, state securities or blue sky laws or
otherwise, insofar as such losses, claims, damages, liabilities or expenses (including with respect
to actions or proceedings, whether commenced or threatened, and including reasonable attorney fees
and expenses) arise out of, are based upon or directly related to (i) any untrue statement or
alleged untrue statement of a material fact contained in any Registration Statement under which
such Registrable Shares were registered under the Securities Act, any preliminary prospectus,
Prospectus or Free Writing Prospectus contained in the Registration Statement, or any amendment or
supplement to the Registration Statement, or (ii) any omission or alleged omission to state a
material fact required to be stated therein or necessary to make the statements therein not
misleading, if and to the extent (and only to the extent) that the statement or omission was made
in reliance upon and in conformity with
information relating to such Selling Stockholder furnished in writing to the Company by such
Selling Stockholder specifically for inclusion in such Registration Statement, preliminary
prospectus, Prospectus, amendment, supplement or Free Writing Prospectus; provided,
however, that the obligations of a Selling Stockholder hereunder shall be limited to an
amount equal to the net proceeds to such Selling Stockholder of Registrable Shares sold in
connection with such registration; provided, further, however, that in the
event that a court of competent jurisdiction decides against any such allegations of untrue
statements or omissions of a material fact, such

8

 

Selling Stockholders shall be reimbursed for any amounts previously paid hereunder with respect to such allegations.

               (c) Each Indemnified Party shall give notice to the Indemnifying Party promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting
therefrom; provided, that counsel for the Indemnifying Party, who shall conduct the defense
of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not
be unreasonably withheld, conditioned or delayed); and, provided, further, that the
failure of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 3.3 except to the extent that the
Indemnifying Party is adversely affected by such failure. The Indemnified Party may participate in
such defense at such party’s expense; provided, however, that the Indemnifying
Party shall pay such expense if the Indemnified Party reasonably concludes, after being advised by
legal counsel in writing, that representation of such Indemnified Party by the counsel retained by
the Indemnifying Party would be inappropriate due to actual or potential differing interests
between the Indemnified Party and any other party represented by such counsel in such proceeding;
provided further that in no event shall the Indemnifying Party be required to pay
the expenses of more than one law firm per jurisdiction as counsel for the Indemnified Party. The
Indemnifying Party also shall be responsible for the expenses of such defense if the Indemnifying
Party does not elect to assume such defense. No Indemnifying Party, in the defense of any such
claim or litigation shall, except with the consent of each Indemnified Party, consent to entry of
any judgment or enter into any settlement which does not include as an unconditional term thereof
the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability
in respect of such claim or litigation, and no Indemnified Party shall consent to entry of any
judgment or settle such claim or litigation without the prior written consent of the Indemnifying
Party, which consent shall not be unreasonably withheld, conditioned or delayed.

               (d) In order to provide for just and equitable contribution in circumstances for which the
indemnification provided for in this Section 3.3 is due in accordance with its terms, but for any
reason is held to be unavailable to an Indemnified Party in respect to any losses, claims, damages
and liabilities referred to herein, then the Indemnifying Party shall, in lieu of indemnifying such
Indemnified Party, contribute to the amount paid or payable by such Indemnified Party as a result
of such losses, claims, damages or liabilities to which such party may be subject in such
proportion as is appropriate to reflect the relative fault of the Company, on the one hand, and
each Selling Stockholder, on the other, in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of the Company and the Selling Stockholders shall be determined
by reference to, among other things, whether the untrue or
alleged untrue statement of material fact related to information supplied by the Company or a
Selling Stockholder and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The Company and the Selling
Stockholders agree that it would not be just and equitable if contribution pursuant to this Section
3.3(d) were determined by pro rata allocation or by any other method of allocation which does not
take account of the equitable considerations referred to above. The amount paid or payable by an
Indemnified Party as a result of the losses, claims, damages, liabilities or expenses (or

9

 

actions
in respect thereof) referred to above shall be deemed to include any legal or other fees or
expenses reasonably incurred by such Indemnified Party connection with investigating or, except as
provided in Section 3.3(c), defending any such action or claim. Notwithstanding the provisions of
this Section 3.3(d), (i) in no case shall any one Selling Stockholder be liable or responsible for
any amount in excess of the net proceeds received by such Selling Stockholder from the offering of
Registrable Shares and (ii) the Company shall be liable and responsible for any amount in excess of
the amount of any Selling Stockholder liability referred to in (i) above; provided,
however, that no person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. Any party entitled to contribution will, promptly
after receipt of notice of commencement of any action, suit or proceeding against such party in
respect of which a claim for contribution may be made against another party or parties under this
Section 3.3(d), notify such party or parties from whom contribution may be sought, but the omission
to so notify such party or parties from whom contribution may be sought shall not relieve such
party from any other obligation it or they may have thereunder or otherwise under this Section
3.3(d). No party shall be liable for contribution with respect to any action, suit, proceeding or
claim settled without its prior written consent, which consent shall not be unreasonably withheld,
conditioned or delayed.

               (e) The indemnification and contribution provided for under this Agreement shall be in
addition to any other rights to indemnification and contribution that any Indemnified Party may
have pursuant to law or contract and shall remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Party or any officer, director or controlling
Person of such Indemnified Party and shall survive the transfer of securities.

               (f) The rights and obligations of the Company and the Selling Stockholders under this Section
3.3 shall survive the termination of this Agreement.

          3.4 Information by Holder. Each holder of Registrable Shares included in any registration
shall furnish to the Company such information regarding such holder and the distribution proposed
by such holder as the Company may reasonably request in writing and as shall be required in
connection with any registration, qualification or compliance referred to in this Agreement.

          3.5 Cooperation by Holder. The right of any Stockholder to include its Registrable Shares
in any underwritten registration pursuant to this Agreement shall be conditioned upon (i) such
Stockholder’s participation in such underwriting on the terms set forth herein and (ii) all
Stockholders including Registrable Shares in such underwritten registration shall enter into an
underwriting agreement upon customary terms with the underwriter or underwriters selected for the
underwriting by the Company. If any Stockholder who has requested inclusion of its Registrable
Shares in such underwritten registration, as provided in this Agreement, disapproves of the terms
of the underwriting, such person may elect, by written notice to the Company, to withdraw its
shares from such Registration Statement and underwriting.

10

 

          3.6 Confidentiality of Notices. Any Stockholder receiving any written notice from the
Company regarding the Company’s plans to file a Registration Statement shall treat such notice
confidentially and shall not disclose such information to any person other than as necessary to
exercise its rights under this Agreement.

          3.7 Rule 144 Requirements. The Company agrees to:

               (a) make and keep current public information about the Company available, as those terms are
understood and defined in Rule 144;

               (b) use its best efforts to file with the Commission in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act; and

               (c) furnish to any holder of Registrable Shares upon request (i) a written statement by the
Company as to its compliance with the reporting requirements of Rule 144 and of the Securities Act
and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company, and
(iii) such other reports and documents of the Company as such holder may reasonably request to
avail itself of any similar rule or regulation of the Commission allowing it to sell any such
securities without registration.

          3.8 Form S-3. The Company will use its commercially reasonable efforts to maintain its
eligibility to file a Registration Statement on Form S-3 with the Commission until such time as the
Company’s obligations to register the Registrable Shares under this Agreement have been terminated
pursuant to Section 3.9.

          3.9 Termination. All of the Company’s obligations to register Registrable Shares under
Section 2.1 shall terminate upon the earlier of (a) five (5) years following the date of this
Agreement or (b) the date on which no Stockholder holds any Registrable Shares.

     4. General.

          4.1 No Inconsistent Agreements. The Company shall not hereafter enter into any agreement
with respect to its securities which is inconsistent with or violates the rights granted to the
holders of Registrable Shares in this Agreement.

          4.2 Remedies. Any Person having rights under any provision of this Agreement shall be
entitled to enforce such rights specifically (without posting a bond or other security), to recover
damages caused by reason of any breach of any provision of this Agreement and to exercise all other
rights granted by law. The parties hereto agree and acknowledge that money damages would not be an
adequate remedy for any breach of the provisions of this Agreement and that, in addition to any
other rights and remedies existing in its favor, any party shall be entitled to specific
performance and/or other injunctive relief from any court of law or equity of competent
jurisdiction (without posting any bond or other security) in order to enforce or prevent violation
of the provisions of this Agreement.

          4.3 Rights Cumulative; Waiver. The rights and remedies of each Stockholder and the
Company under this Agreement shall be cumulative and not exclusive of any rights or

11

 

remedies which
either would otherwise have hereunder or at law or in equity or by statute, and no failure or delay
by either party in exercising any right or remedy shall impair any such right or remedy or operate
as a waiver of such right or remedy, nor shall any single or partial exercise of any power or right
preclude such party’s other or further exercise or the exercise of any other power or right. The
waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any preceding or succeeding breach, and no failure by either party to
exercise any right or privilege hereunder shall be deemed a waiver of such party’s rights or
privileges hereunder or shall be deemed a waiver of such party’s rights to exercise the same at any
subsequent time or times hereunder.

          4.4 Severability. The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this Agreement.

          4.5 Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware (without reference to the conflicts of law provisions thereof),
as to all other matters.

          4.6 Notices. All notices, requests, demands and other communications required or permitted hereunder
shall be made in writing by hand-delivery, registered first-class mail, telex, fax or air courier
guaranteeing delivery:

	 	 	 	 	 

	 

	 	If to the Company:
	 	WCA WASTE CORPORATION

1 Riverway, Suite 1400

Houston, TX 77056

Attn: Tom J. Fatjo, III

Phone: (713) 292-2400

Fax: (713) 292-2455
	 
	 	 	 	 
	 

	 	With a copy to:
	 	ANDREWS KURTH LLP

600 Travis

Suite 4200

Houston, Texas 77002

Attn: Jeff C. Dodd

Phone: (713) 220-4200

Fax: (713) 220-4285

     or to such other person or address as the Company shall furnish to the Stockholders in
writing;

     If to the Stockholders, to the address listed opposite each such Stockholders’ name on
Exhibit A hereto, or to such other person or address as the Stockholders shall furnish to
the Company in writing, and with a copy to:

12

 

	 	 	 

	 

	 	KATTEN MUCHIN ROSENMAN LLP

525 West Monroe Street

Chicago, Illinois 60661

Attn: Michael W. Jones, Esq.

Phone (312) 902-5358

Fax: (312) 577-4492

     All such notices, requests, demands and other communications shall be deemed to have been duly
given: at the time of delivery by hand, if personally delivered; five (5) Business Days after being
deposited in the mail, postage prepaid, if mailed domestically in the United States (and seven (7)
Business Days if mailed internationally); when answered back, if telexed; when receipt
acknowledged, if telecopied; and on the Business Day for which delivery is guaranteed, if timely
delivered to an air courier guaranteeing such delivery.

          4.7 Complete Agreement. This Agreement constitutes the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof and supersedes all prior agreements and understandings
relating to such subject matter.

          4.8 Successors, Assigns and Transferees. This Agreement shall not be assignable or
otherwise transferable by any Stockholder without the prior written consent of the Company, except
for the assignment or transfer of this Agreement along with the transfer of any Registrable Shares
covered hereby to any affiliate, stockholder or member of any Stockholder provided that the Company
is given advance written notice of such transfer.

          4.9 Amendments and Waivers. This Agreement may be amended or terminated and the
observance of any term of this Agreement may be waived with respect to all parties to this
Agreement (either generally or in a particular instance and either retroactively or prospectively),
with the written consent of the Company and Stockholders holding Common Stock representing at least
a majority of the voting power of all Common Stock then held by Stockholders. Notwithstanding the
foregoing, this Agreement may not be amended or terminated and the observance of any term hereunder
may not be waived with respect to any Stockholder without the written consent of such Stockholder
unless such amendment, termination or waiver applies to all Stockholders in the same fashion. The
Company shall give prompt written notice of any amendment or termination hereof or waiver hereunder
to any party hereto that did not consent in writing to such amendment, termination or waiver. Any
amendment, termination or waiver effected in accordance with this Section 4.9 shall be binding on
all parties hereto, even if they do not execute such consent. No waivers of or exceptions to any
term, condition or provision of this Agreement, in any one or more instances, shall be deemed to
be, or construed as, a further or continuing waiver of any such term, condition or provision.

     4.10 Pronouns. Whenever the context may require, any pronouns used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and
pronouns shall include the plural, and vice versa.

13

 

          4.11 Counterparts; Facsimile Signatures. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, and all of which together shall
constitute one and the same document. This Agreement may be executed by facsimile signatures.

          4.12 Section Headings and References. The section headings are for the convenience of the
parties and in no way alter, modify, amend, limit or restrict the contractual obligations of the
parties. Any reference in this Agreement to a particular section or subsection shall refer to a
section or subsection of this Agreement, unless specified otherwise.

* * * * *

14

 

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

	 	 	 	 	 
	 	COMPANY:

WCA WASTE CORPORATION

 	 
	 	By:  	\s\ Jerome M. Kruszka
 	 
	 	 	Name:  	Jerome M. Kruszka 	 
	 	 	Title:  	President & Chief Operating Officer 	 
	 
	 	STOCKHOLDERS:

EWS HOLDINGS, LLC

 	 
	 	By:  	\s\ Justin Kaplan
 	 
	 	 	Name:  	Justin Kaplan 	 
	 	 	Title:  	Vice President and Secretary 	 

Registration Rights Agreement Signature Page

 

 

Exhibit A

List of Stockholders

	 	 	 	 	 
	NAME	 	ADDRESS	 	REGISTRABLE SHARES
	EWS Holdings, LLC
	 	c/o BNY Mellon Alcentra 
Mezzanine Partners	 	2,409,639
	 
	 	200 Park Avenue, 7th Floor	 	 
	 
	 	New York, New York 10116	 	 
	 
	 	Attn: Justin M. Kaplan	 	 
	 
	 	Phone: (212) 922-8071	 	 
	 
	 	Fax: (212) 922-8529	 	 

A-1exv10w3

Exhibit 10.3

STOCKHOLDERS’ AGREEMENT

     This Stockholders’ Agreement, dated as of February 28, 2011 (this “Agreement”), by and between
WCA Waste Corporation, a Delaware corporation (the “Company”) and the persons listed as
stockholders on Exhibit A hereto (as may be amended from time to time) (together with the Related
Transferees, collectively the “Stockholders” and each a “Stockholder”).

R E C I T A L S

     WHEREAS, on February 28, 2011, the Company, WCA Waste Systems, Inc., a Delaware corporation
(“WCA Systems,” together with the Company are collectively referred to as the “WCA Parties”), WCA
of Mississippi, LLC, a Delaware limited liability company (“WCA Mississippi”), EWS Holdings, LLC, a
Delaware limited liability company (“EWS Holdings”), WRH Gainesville, LLC, a Florida limited
liability company (“WRH Gainesville”), WRH Gainesville Holdings, LLC, a Florida limited liability
company (“WRH Gainesville Holdings”), WRH Orange City, LLC a Florida limited liability company
(“WRH Orange City”), EWS Central Florida Hauling, LLC, a Florida limited liability company (“EWS
CF”), MacLand Holdings, Inc., a Delaware corporation (“MacLand Holdings”), MacLand Disposal Center,
Inc., a Mississippi corporation (“MacLand I”), MacLand Disposal Inc. II, a Mississippi corporation
(“MacLand II”), and Emerald Waste Services, LLC, a Florida limited liability company (“EWS”),
entered into an Amended and Restated Equity Interest Purchase Agreement (the “Purchase Agreement”)
pursuant to which the Company will issue to EWS Holdings at the Closing an aggregate of 2,409,639
shares (the “Closing Shares”) of common stock of the Company, par value $0.01 per share (“Common
Stock”); and

     WHEREAS, in connection with the transactions contemplated by the Purchase Agreement, the
Stockholders have agreed to certain terms and conditions on its stock ownership as set forth
herein.

A G R E E M E N T

     NOW, THEREFORE, in consideration of the issuance of the Common Stock pursuant to the Purchase
Agreement and the other promises contained therein, and in consideration of the foregoing and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

ARTICLE 1

DEFINITIONS; REPRESENTATIONS AND WARRANTIES

     Section 1.1 Definitions. Unless otherwise specified all references to “days” shall be
deemed to be references to calendar days. For purposes of this Agreement, the following terms
shall have the following meanings:

     “Affiliate” means (a) any entity directly or indirectly controlled by, controlling or under
common control with a Person; (b) any director or executive officer of such Person or of any entity
referred to in (a) above; and (c) if any Person is an individual, any member of the immediate
family (including, spouse and children) of and sharing a household with such individual and any
trust whose principal beneficiary is such individual or one or more members

 

 

of such immediate
family. For purposes of this definition, any Person which owns directly or indirectly 20% or more
of the securities having ordinary voting power for the election of directors or other governing
body of a corporation or 20% or more of the partnership or other ownership interests of any entity
(other than as a limited partner of such other entity) will be deemed to “control” (including, with
its correlative meanings, “controlled by” and “under common control with”) such Person.

     “Board of Directors” shall mean the Board of Directors of the Company.

     “Business Day” shall mean any day that is not Saturday, Sunday or other day when banks are
required or permitted to be closed in the State of Delaware.

     “Closing” shall mean the closing of the transactions contemplated by the Purchase Agreement.

     “Company Sale” means: (a) the acquisition of the Company by another entity (or group of
affiliated entities or entities operating as a group) by means of any transaction or series of
related transactions (including, without limitation, any reorganization, merger or consolidation)
unless the Company’s stockholders of record as constituted immediately prior to such acquisition or
sale will, immediately after such acquisition or sale (by virtue of securities issued as
consideration for the Company’s acquisition or sale or otherwise) hold at least 50% of the voting
power of the surviving or acquiring entity (except that the sale by the Company of shares of its
capital stock to investors in bona fide financing transactions shall not be deemed to be an
acquisition for this purpose) or (b) the sale, lease, transfer, exclusive license or other
disposition, in a single transaction or series of related transactions, by the Company or a Company
Subsidiary of all or substantially all the assets of the Company and the Company Subsidiaries taken
as a whole (except where such sale, lease, transfer, exclusive license or other disposition is to a
wholly owned Company Subsidiary).

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

     “Group” shall mean a “group” as such term is used in Section 13(d)(3) of the Exchange Act (as
in effect, and based on legal interpretations thereof existing, on the date hereof).

     “Law” shall mean any applicable foreign, federal, state and local law, statute, rule,
regulation, code and ordinance.

     “Majority Vote” shall mean (i) the affirmative vote of a majority of the entire Board of
Directors, including the affirmative vote of a majority of all of the Unaffiliated Directors,
voting separately or (ii) as regards matters within the authority of any committee of the Board of
Directors consisting entirely of Unaffiliated Directors, the affirmative vote of such committee
(including for purposes of clauses (i) and (ii), an action by unanimous written consent).

     “Ownership” and “Own” whether or not capitalized and including all correlative terms, with
respect to the position of any Person as to any Voting Securities shall include the following:

-2-

 

          (i) all Voting Securities of which such Person would be deemed to have “beneficial ownership”
as defined in Rule 13d-3 under the Exchange Act as in effect on the date of this Agreement; and

          (ii) all Voting Securities Owned by a Related Person.

     “Person” shall mean any individual, Group, corporation, general or limited partnership,
limited liability company, governmental entity, joint venture, estate, trust, association,
organization or other entity of any kind or nature.

     “Related Person” shall mean (A) with respect to EWS Holdings, any equity holder of EWS
Holdings, or (B) with respect to any Person (other than EWS Holdings but including any other
Related Person), (i) any Affiliate of such Person, and (ii) a Group in which such Person is a
member.

     “Related Transferee” shall mean any Related Person who acquires Closing Shares from a
Stockholder who executes an instrument in the form and substance satisfactory to the Company in
which it agrees to be bound by the terms of this Agreement as if an original signatory to this
Agreement (in which case each of such Stockholder and each such Related Transferee shall thereafter
be a “Stockholder” and collectively the “Stockholders” for all purposes of this Agreement).

     “Reorganization Transaction” shall mean: (i) any merger, consolidation, recapitalization,
liquidation, acquisition or other business combination transaction involving the Company; (ii) any
tender offer or exchange offer for any securities of the Company; or (iii) any sale or other
disposition of assets of the Company or any of its subsidiaries in a single transaction or in a
series of related transactions in each of the foregoing cases constituting individually or in the
aggregate 4.9% or more of the Company’s issued and outstanding Voting Securities.

     “Transfer” shall mean, whether or not capitalized and including such correlative terms as
“Transferring” or “Transferred,” with respect to Closing Shares or any portion thereof, (i) a
transaction by which the Stockholder or any Related Transferee sells, assigns, grants, gives,
exchanges, disposes or transfers to another Person or entity any legal or beneficial, or direct or
indirect, right or interest therein or with respect thereto or (ii) entry into an agreement or
understanding with respect to the foregoing.

     “Unaffiliated Directors” shall mean those Persons who are elected as directors of the Board of
Directors by the holders of Common Stock (i) who are not the designees and/or affiliated with any
Stockholder or its Related Transferees (including an officer or an employee, consultant or advisor
(financial, legal or other) of the Stockholder or any Related Transferee of the Stockholder, or any
person who shall have served in any such capacity within the three-year period immediately
preceding the date such determination is made) and (ii) who do not otherwise have a personal or
conflicting interest in the particular matter or proposal in question.

     “Voting Securities” shall mean (i) any securities entitled, or which may be entitled at any
point in the future, to vote in the election of directors of the Company, whether upon conversion
exercise, exchange or otherwise, (ii) any securities convertible or exercisable into or
exchangeable for such securities (whether or not the right to convert, exercise or exchange is

-3-

 

subject to the passage of time or contingencies or both), or (iii) any direct or indirect rights or
options to acquire any such securities; provided that unexercised options granted pursuant to any
employment benefit or similar plan and rights issued pursuant to any stockholder rights plan shall
be deemed not to be “Voting Securities.”

ARTICLE 2

COVENANTS OF STOCKHOLDERS

     Section 2.1 Lock-Up Agreement. For a period beginning on the date hereof and ending
six months after the date hereof (the “Lock-Up Period”), the Stockholders will not, and will cause
each of its Related Transferees not to, directly or indirectly, without the prior written consent
of the Company, (i) except (A) in connection with a Company Sale or (B) a pledge of any of the
Closing Shares to Comerica Bank, a Texas banking association, as agent, from time to time, sell,
offer to sell, contract to sell, hypothecate, pledge, grant any option to purchase or otherwise
dispose of, contract to dispose of, or enter into any transaction that is designed to, or might
reasonably be expected to, result in the disposition with respect to, any Closing Shares or any
securities into which such Closing Shares may be converted or for which such Closing Shares may be
exchanged pursuant to any business combination transaction, including without limitation any
merger, consolidation, sale of assets or share or securities exchange, except for transfers of
Closing Shares (a) to another Stockholder or a Related Transferee of another Stockholder, provided
that such Stockholder or Related Transferee of another Stockholder is at the time of such transfer
bound by the terms of this Agreement, (b) to a Related Transferee or (b) as a bona fide gift
(provided that in the case of any such transfer (1) the transferee or donee shall execute and
deliver an instrument in the form and substance satisfactory to the Company in which it agrees to
be bound by the terms of this Agreement as if an original signatory to this Agreement and (2) no
filing under Section 16(a) of the Securities Exchange Act of 1934, as amended, reporting a
reduction in beneficial ownership of Closing Shares, shall be required or voluntarily made during
the Lock-Up Period), (ii) enter into any swap or other arrangement that transfers to another, in
whole or in part, any of the economic consequences of ownership of such Closing Shares or any
securities into which or for which such securities have been so converted or exchanged, whether any
such transaction is to be settled by delivery of Closing Shares or such other securities, in cash
or otherwise, (iii) except pursuant to the terms and in accordance with the conditions set forth in
that certain Registration Rights Agreement, dated as of the date hereof, by and among the Company
and the Stockholders, make any demand for or exercise any right or cause to be filed a registration
statement, including any amendments thereto, with respect to the registration of any Closing Shares
or securities convertible into or exercisable or exchangeable for Closing Shares or any other
securities of the Company, provided that the inclusion of any Closing Shares shall only be
permitted with respect to a registration statement that will first be effective after the
expiration of the Lock-Up Period or that shall permit sales of Closing Shares on a delayed or
continuous basis at a time after the expiration of the Lock-Up Period, or (iv) publicly disclose
the intention to do any of the foregoing.

     Section 2.2 Section 2.2 Volume Limitations.

          (a) During the period beginning with the date of this Agreement and ending December 31, 2013,
the aggregate number of Closing Shares that may be sold or otherwise Transferred by any Stockholder
and its Related Transferees shall not exceed 7.5% of the Closing

-4-

 

 Shares issued to such Stockholder
and its Related Transferees (as adjusted for stock split, combination or the like) in any 30-day
period, shall not exceed 17.5% of the Closing Shares issued to such Stockholder and its Related
Transferees (as adjusted for stock split, combination or the like) in any 90-day period, and shall
not exceed 40% of the Closing Shares issued to such Stockholder and its Related Transferees (as
adjusted for stock split, combination or the like) in any 365-day period.

          (b) On and after January 1, 2014, the aggregate number of Closing Shares that may be sold or
otherwise Transferred by any Stockholder and its Related Transferees shall not exceed 10% of the
Closing Shares issued to such Stockholder and its Related Transferees (as adjusted for stock split,
combination or the like) in any 30-day period, shall not exceed 25% of the Closing Shares issued to
such Stockholder and its Related Transferees (as adjusted for stock split, combination or the like)
in any 90-day period, and shall not exceed 50% of the Closing Shares issued to such Stockholder and
its Related Transferees (as adjusted for stock split, combination or the like) in any 365-day
period.

ARTICLE 3

VOTING AND TRANSACTIONAL APPROVALS

     Section 3.1 Voting. The Stockholders agree that they shall, and shall cause their
respective Related Transferees, to:

          (a) unless otherwise approved by a Majority Vote, to take reasonable efforts to be present, in
person or represented by proxy, at all meetings of stockholders of the Company so that all Closing
Shares Owned by the Stockholders and their respective Related Transferees shall be counted for the
purpose of determining the presence of a quorum at such meetings;

          (b) prior to the later to occur of (i) the second anniversary of the date of this
Agreement and (ii) the date of release of any Closing Shares from the Escrow Fund (as defined in
the Purchase Agreement), in connection with any proposals submitted to stockholders of the Company,
including, but not limited to proposals as to Reorganization Transactions, the Stockholders shall
vote or cause to be voted, or consent with respect to, all Closing Shares by the Stockholders in
the manner recommended by a Majority Vote; and

          (c) prior to the later to occur of (i) the second anniversary of the date of this
Agreement and (ii) the date of release of any Closing Shares from the Escrow Fund, in connection
with any “solicitation” of “proxies” to vote (as those terms are defined in Regulation 14A under
the Exchange Act) with respect to the Company or its Affiliates, the Stockholders shall participate
in any such solicitation in a manner that is consistent with and in support of the
recommendation of a Majority Vote relating to each matter as to which any such solicitation of
proxies relates.

     Section 3.2 Management of the Business. Following the Closing and except as provided
in this Agreement, management of the Company will continue to have full authority to operate the
day-to-day business affairs of the Company to the same extent as prior to the Closing. In this
regard, the Chief Executive Officer of the Company shall continue to be in charge of all matters
within his authority on the date hereof, subject, as required by Delaware

-5-

 

law, to the requirement
that the business and affairs of the Company shall be managed by or under the direction of the
Board of Directors.

ARTICLE 4

MISCELLANEOUS

     Section 4.1 Stockholder Representations. Each Stockholder hereby represents and
warrants to the WCA Parties, as of the date hereof, as follows:

          (a) The Closing Shares will be acquired for investment for such Stockholder’s own account, not
as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and
that such Stockholder has no present intention of selling, granting any participation in, or
otherwise distributing the same.

          (b) Such Stockholder understands that the Closing Shares are not registered under the
Securities Act of 1933, as amended (the “Securities Act”), on the ground that the issuance of the
Closing Shares pursuant to the Purchase Agreement is exempt from registration under the Securities
Act pursuant to Section 4(2) thereof, and that the WCA Parties’ reliance on such exemption is
predicated on such Stockholder’s representations set forth herein.

          (c) Such Stockholder (a) has such knowledge and experience in financial and business matters
that it is capable of evaluating the merits and risks of its investment in the Closing Shares; (b)
is able to bear the complete loss of its investment in the Closing Shares; (c) has had the
opportunity to ask questions of the Company concerning the terms and conditions of the Closing
Shares; and (d) has had the opportunity to obtain additional information about the Company and all
of such Stockholder’s questions have been answered to its satisfaction.

          (d) Such Stockholder is an “accredited investor” as defined in Rule 501(a) of Regulation D,
promulgated under the Securities Act. Such Stockholder also represents that such Stockholder has
not been organized for the purpose of acquiring the Closing Shares.

     Section 4.2 Termination of Obligations. As to each Stockholder, this Agreement shall
terminate and the obligations of such Stockholder under this Agreement shall terminate upon the
earlier of (a) the fifth anniversary of the date of this Agreement and (b) the 180th day after the
date on which such Stockholder and its Related Transferees collectively Own Closing Shares
representing less than 20% of the Closing
Shares originally issued to such Stockholder pursuant to the Purchase Agreement (as long as on
such date and at all times during such 180 day period, such Stockholder and its Related Transferees
collectively Own Closing Shares representing less than 20% of the Closing Shares originally issued
to such Stockholder).

     Section 4.3 Notices. All notices, requests, demands and other communications required
or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail,
telex, fax or air courier guaranteeing delivery:

-6-

 

	 	 	 

	If to the Company:
	 	WCA WASTE CORPORATION
	 
	 	1 Riverway, Suite 1400
	 
	 	Houston, TX 77056
	 
	 	Attn: Tom J. Fatjo, III
	 
	 	Phone: (713) 292-2400
	 
	 	Fax: (713) 292-2455
	 
	 	 
	With a copy to:
	 	ANDREWS KURTH LLP
	 
	 	600 Travis
	 
	 	Suite 4200
	 
	 	Houston, Texas 77002
	 
	 	Attn: Jeff C. Dodd
	 
	 	Phone: (713) 220-4200
	 
	 	Fax: (713) 220-4285

     or to such other person or address as the Company shall furnish to the Stockholders in
writing;

     If to the Stockholders, to the address listed opposite each such Stockholders’ name on
Exhibit A hereto, or to such other person or address as the Stockholders shall furnish to
the Company in writing, and with a copy to:

	 	 	 

	 

	 	KATTEN MUCHIN ROSENMAN LLP
	 

	 	525 West Monroe Street
	 

	 	Chicago, Illinois 60661
	 

	 	Attn: Michael W. Jones, Esq.
	 

	 	Phone (312) 902-5358
	 

	 	Fax: (312) 577-4492

     All such notices, requests, demands and other communications shall be deemed to have been duly
given: at the time of delivery by hand, if personally delivered; five (5) Business Days after being
deposited in the mail, postage prepaid, if mailed domestically in the United States (and seven (7)
Business Days if mailed internationally); when answered back, if telexed; when receipt
acknowledged, if telecopied; and on the Business Day for which delivery is guaranteed, if timely
delivered to an air courier guaranteeing such delivery.

     Section 4.4 Legends.

          (a) It is understood that the certificates evidencing the Closing Shares, or any other
securities issued in respect of the Closing Shares upon any stock split, stock dividend,
recapitalization, merger, consolidation or similar event, shall bear one or more of the following
legends:

          (i) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE

-7-

 

SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SUCH
ACT AND/OR APPLICABLE STATE SECURITIES LAWS, OR UNLESS THE CORPORATION HAS RECEIVED AN
OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE CORPORATION AND ITS
COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.”

          (ii) “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE PROVISIONS OF A
STOCKHOLDERS’ AGREEMENT, DATED AS OF FEBRUARY 28, 2011, BETWEEN WCA WASTE CORPORATION AND
CERTAIN STOCKHOLDERS OF WCA WASTE CORPORATION NAMED THEREIN AND MAY NOT BE OFFERED, SOLD,
TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE THEREWITH.
A COPY OF SAID AGREEMENT IS ON FILE AT THE OFFICE OF THE CORPORATE SECRETARY OF WCA WASTE
CORPORATION.”

          (iii) “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE PROVISIONS OF THE
THIRD AMENDED AND RESTATED SECURITY AGREEMENT, DATED AS OF AUGUST 29, 2008 , BETWEEN
COMERICA BANK , AS AGENT, AND CERTAIN OTHER PARTIES NAMED THEREIN AND MAY NOT BE OFFERED,
SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE
THEREWITH. A COPY OF SAID AGREEMENT IS ON FILE AT THE OFFICE OF THE CORPORATE SECRETARY OF
THE CORPORATION.”

          With respect to the Closing Shares to be placed in escrow with BOKF, NA (dba Bank of Texas),
the certificates evidencing such Closing Shares shall bear the legends set forth in clauses (i) and
(ii); provided that upon such Closing Shares release from escrow to the Stockholder(s), the
transfer agent shall deliver new certificates evidencing such Closing Shares that also bear the
legend set forth in clause (iii) above.

          (b) Upon the written request to the Company by a Stockholder or a Related Transferee of a
Stockholder the legends shall be promptly removed and the Company shall issue replacement
certificate(s) representing the Closing Shares Owned by such Stockholder or any of its Related
Transferees without such legends to the requesting Stockholder or its Related
Transferees if (i) such Closing Shares are registered for resale under the Securities Act,
(ii) in connection with a sale transaction, such Stockholder or its Related Transferees provides
the Company with an opinion of counsel, in a generally acceptable form, to the effect that a public
sale, assignment or transfer of the Closing Shares Owned by such Stockholder or its Related
Transferees may be made without registration under the Securities Act, (iii) following the
expiration of the Lock-Up Period such Stockholder or its Related Transferees provides the Company
with reasonable assurances that the Closing Shares Owned by such Stockholder or its Related
Transferees can be sold pursuant to Rule 144 promulgated under the Securities Act (or a successor
rule thereto) without compliance with Rule 144(e) or Rule 144(f) (or successors thereto), (iv) such
Stockholder or its Related Transferees provides the Company reasonable assurances that the Closing
Shares have been or are being sold pursuant to Rule 144 or (v) following the expiration of the
Lock-Up Period such Stockholder or its Related Transferees

-8-

 

certifies, on or after the date that is
twelve (12) months after the date on which such Closing Shares are issued, that such Stockholder or
its Related Transferees is not an “affiliate” of the Company (as defined in Rule 144). The Company
acknowledges and agrees that, for purposes of Rule 144(d), all of the Closing Shares will be deemed
to have been acquired by the Stockholders on the Closing Date. The Company shall be responsible
for the fees of its transfer agent and all of The Depository Trust Company fees associated with
each such issuance.

          (c) The Company may enter a stop transfer order with the transfer agent or agents of Closing
Shares against any disposition not in compliance with the provisions of this Agreement.

     Section 4.5 Enforcement. Each of the Stockholders or their respective Related
Transferees, on the one hand, and the Company, on the other hand, acknowledge and agree that
irreparable injury to the other party would occur in the event any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached and
that such injury would not be adequately compensable in damages. It is accordingly agreed that, in
addition to any other remedies which may be available at law or in equity, each party hereto (the
“Moving Party”) shall be entitled to seek specific enforcement of, and injunctive relief to prevent
any violation of, the terms of this Agreement. The parties further agree that no bond shall be
required as a condition to the granting of any such relief.

     Section 4.6 Entire Agreement. This Agreement constitutes the entire agreement and
understanding of the parties with respect to the transactions contemplated hereby. This Agreement
may be amended only by a written instrument duly executed by the parties or their respective
successors or assigns; provided, however, that any amendment or waiver by the Company shall be made
only with the prior approval of a Majority Vote of the Board of Directors.

     Section 4.7 Severability. Whenever possible, each provision or portion of this
Agreement will be interpreted in such manner as to be effective and valid under applicable law, but
if any provision or portion of
any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
under any applicable law, rule or regulation in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or portion of any provision in such
jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as
if such invalid, illegal or unenforceable provision or portion of any provision shall have been
replaced with a provision which shall, to the maximum extent permissible under such applicable law,
rule or regulation, give effect to the intention of the parties as expressed in such invalid,
illegal or unenforceable provision.

     Section 4.8 Headings. Descriptive headings contained in the Agreement are for
convenience only and will not control or affect the meaning or construction of any provision of
this Agreement.

     Section 4.9 Counterparts. For the convenience of the parties, any number of
counterparts of this Agreement may be executed by the parties, and each such executed counterpart
will be an original instrument.

-9-

 

     Section 4.10 No Waiver. Any waiver by any party of a breach of any provision of this
Agreement shall not operate as or be construed to be a waiver of any other breach of such provision
or of any breach of any other provision of this Agreement. The failure of a party to insist upon
strict adherence to any term of this Agreement on one or more occasions shall not be considered a
waiver or deprive that party of the right thereafter to insist upon strict adherence to that term
or any other term of this Agreement.

     Section 4.11 Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the Company and Stockholders, and to their respective successors and assigns
other than, in the case of Stockholders, transferees that are not Related Transferees, including
any successors to the Company or Stockholders or their businesses or assets as the result of any
merger, consolidation, reorganization, transfer of assets or otherwise, and any subsequent
successor thereto, without the execution or filing of any instrument or the performance of any act;
provided that no party may assign this Agreement without the other party’s prior written consent,
except by the Stockholders to a Stockholder or a Related Transferee as expressly provided in this
Agreement.

     Section 4.12 Governing Law. This Agreement will be governed by and construed and
enforced in accordance with the internal laws of the State of Delaware, without giving effect to
the conflict of laws principles thereof.

     Section 4.13 Further Assurances. From time to time on and after the date of this Agreement, the Company and Stockholders, as
the case may be, shall deliver or cause to be delivered to the other party hereto such further
documents and instruments and shall do and cause to be done such further acts as the other parties
hereto shall reasonably request to carry out more effectively the provisions and purposes of this
Agreement, to evidence compliance herewith or to assure that it is protected in acting hereunder.

     Section 4.14 Consent to Jurisdiction and Service of Process. Any legal action or
proceeding with respect to this Agreement or any matters arising out of or in connection with this
Agreement, and any action for enforcement of any judgment in respect thereof shall be brought
exclusively in the state or federal courts located in the State of Delaware, and, by execution and
delivery of this Agreement, the Company and Stockholders each irrevocably consent to service of
process out of any of the aforementioned courts in any such action or proceeding by the mailing of
copies thereof by registered or certified mail, postage prepaid, or by recognized international
express carrier or delivery service, to the Company or Stockholders at their respective addresses
referred to in this Agreement. The Company and Stockholders each hereby irrevocably waive any
objection which it may now or hereafter have to the laying of venue of any of the aforesaid actions
or proceedings arising out of or in connection with this Agreement brought in the courts referred
to above and hereby further irrevocably waives and agrees, to the extent permitted by applicable
Law, not to plead or claim in any such court that any such action or proceeding brought in any such
court has been brought in an inconvenient forum. Nothing in this Agreement shall affect the right
of any party hereto to serve process in any other manner permitted by Law.

[SIGNATURE PAGE FOLLOWS]

-10-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Stockholders’ Agreement to be executed
as of the date first referred to above.

	 	 	 	 	 
	 	COMPANY:

WCA WASTE CORPORATION

 	 
	 	By:  	/s/ Jerome M. Kruska
 	 
	 	 	Name:  	Jerome M. Kruszka 	 
	 	 	Title:  	President & Chief Operating Officer 	 
	 

	 	 	 	 	 
	 	STOCKHOLDERS:

EWS HOLDINGS, LLC

 	 
	 	By:  	/s/ Justin Kaplan
 	 
	 	 	Name:  	Justin Kaplan 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

Stockholders’ Agreement Signature Page

 

 

Exhibit A

Stockholders

	 	 	 
	Name of Stockholder	 	Address of Stockholder
	EWS Holdings, LLC

	 	c/o BNY Mellon Alcentra Mezzanine Partners
	 

	 	200 Park Avenue, 7th Floor
	 

	 	New York, New York 10116
	 

	 	Attn: Justin M. Kaplan
	 

	 	Phone: (212) 922-8071
	 

	 	Fax: (212) 922-8529

A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]