Document:

Exhibit 10.2

Exhibit 10.2

ASSIGNMENT OF LEASE AND CONSENT

THIS ASSIGNMENT OF LEASE AND CONSENT (“Assignment”) is made and entered into effective as of
April 28, 2009 (the “Effective Date”), between OCB LLC, a California limited liability company
(“Assignee”), AMERICAN REPROGRAPHICS COMPANY, L.L.C., a California limited liability company
(“Assignor”), SUMO HOLDINGS IRVINE, LLC, a California limited liability company (“Lessor”).

RECITALS

A. Lessor and Assignor, as lessee, entered into that certain Lease that commenced April 1,
1999, as amended by that certain Amendment to Lease effective as of August 2, 2005 (collectively,
the “Lease”), pursuant to which Assignor has leased those certain premises located at 17721
Mitchell North, Irvine, California 91714, as more particularly set forth in the Lease.

B. Assignor desires to assign to Assignee, as of the Effective Date, all of its right, title
and interest in and to the Lease and Lessor agrees to consent to the proposed assignment on the
conditions set forth in this Assignment.

AGREEMENT

NOW, THEREFORE, in consideration of the promises and of the covenants set forth below, the
parties hereto agree as follows:

1. Assignment and Assumption. As of the Effective Date, Assignor assigns and transfers to
Assignee all of its right, title and interest in and to the Lease, including, without limitation,
all rights to security and other deposits associated with the Lease, and Assignee hereby accepts
the assignment and assumes and agrees to perform on and after the Effective Date all of the
obligations of the Assignor under the Lease, including, without limitation, payment of all rent and
other charges due under the Lease after the Effective Date.

2. Indemnification. Assignee shall indemnify, defend and hold harmless Assignor from and
against all liabilities arising under the Lease after the Effective Date. Assignor shall
indemnify, defend and hold harmless Assignee from and against all liabilities arising under the
Lease prior to the Effective Date.

3. Lessor’s Consent. Lessor consents to such assignment without waiver of the restrictions,
if any, under the Lease, concerning further assignment, and Lessor hereby agrees to accept, on and
after the Effective Date, the performance by Assignee of all obligations of Assignor under the
Lease as though Assignee was the originally named lessee under the Lease.

4. Amendment of Lease. Lessor and Assignee may enter into amendments of the Lease without
Assignor’s consent.

 

 

 

5. Miscellaneous.

A. Attorneys’ Fees. If any party hereto commences an action against any of the
parties arising out of or in connection with this Assignment, the prevailing party or parties shall
be entitled to recover from the losing party or parties reasonable attorneys’ fees and costs of
suit.

B. Notice. Any notice, demand, request, consent, approval or communication that any
party hereto desires or is required to give to another party or any other person shall be in
writing and shall be served in the manner required under the Lease. Any notice, demand, request,
consent, approval or communication that any party desires or is required to give to another party
under this Assignment shall be addressed to the other parties at the addresses set forth below.
Any party may change its address by notifying the party of the change of address:

	 	 	 	 	 
	 

	 	If to Assignor:
	 	American Reprographics Company, L.L.C.
	 

	 	 	 	1981 N. Broadway, Suite 385
	 

	 	 	 	Walnut Creek, CA 94596
	 

	 	 	 	Attn: Legal Department
	 
	 	 	 	 
	 

	 	If to Assignee:
	 	OCB LLC
	 

	 	 	 	17721 Mitchell North
	 

	 	 	 	Irvine, CA 91714
	 

	 	 	 	Attn:
 ____________________ 

	 
	 	 	 	 
	 

	 	With a copy (which shall	 	 
	 

	 	not constitute notice) to:
	 	American Reprographics Company
	 

	 	 	 	1981 North Broadway, Suite 385
	 

	 	 	 	Walnut Creek, California 94596
	 

	 	 	 	Attention: Legal Department
	 
	 	 	 	 
	 

	 	If to Lessor:
	 	SUMO Holdings Irvine, LLC
	 

	 	 	 	1981 North Broadway, Suite 385
	 

	 	 	 	Walnut Creek, California 94596
	 

	 	 	 	Attention: Niro Perera

C. Governing Law. This Assignment shall be governed by, and construed in accordance
with, the laws of the State of California.

D. Counterparts. This Assignment may be executed in one or more counterparts, each of
which shall be deemed an original but all of which together will constitute one and the same
instrument.

[Signature Page Follows]

Assignment
of Lease and Consent

 

2

 

IN WITNESS WHEREOF, the parties, having read and considered the above provisions, indicate
their agreement by their authorized signatures below:

	 	 	 	 	 
	 	ASSIGNOR:

AMERICAN REPROGRAPHICS COMPANY, L.L.C.

a California limited liability company

 	 
	 	By:  	/s/ Jonathan R. Mather
 	 
	 	 	Name:  	Jonathan R. Mather 	 
	 	 	Its: Chief Financial Officer 	 
	 
	 	ASSIGNEE:

OCB LLC

a California limited liability company

 	 
	 	By:  	/s/ Jonathan R. Mather
 	 
	 	 	Name:  	Jonathan R. Mather 	 
	 	 	Its: Chief Financial Officer 	 
	 
	 	LESSOR:

SUMO HOLDINGS IRVINE, LLC

a California limited liability company

 	 
	 	By:  	/s/ Kumarakulasingam Suriyakumar
 	 
	 	 	Name:  	Kumarakulasingam Suriyakumar 	 
	 	 	Its:  Managing Director 	 

Assignment
of Lease and Consent

 

3Exhibit 10.3

Exhibit 10.3

SECOND AMENDMENT TO LEASE

THIS SECOND AMENDMENT TO LEASE (“Second Amendment”) is made and entered into effective as of
April 28, 2009 (the “Effective Date”), by and between SUMO HOLDINGS IRVINE, LLC, a California
limited liability company (“Lessor”) and OCB LLC, a California limited liability company (“OCB” or
“Lessee”).

RECITALS

	A.	 	On or about April 1, 1999, Lessor and American Reprographics Company, L.L.C., a California
limited liability company (“ARC”) then the lessee, entered into a Lease Agreement related to
certain real property commonly known as 17721 Mitchell North, Irvine, California 91714, as
amended by that certain Amendment to Lease effective as of August 2, 2005 (collectively, the
“Lease”).
	 
	B.	 	Lessor, ARC and OCB entered into an Assignment of Lease and Consent effective as of April 28,
2009 whereby ARC assigned all of its right, title and interest in and to the Lease to OCB.
	 
	C.	 	The Lessor and Lessee desire to amend the Lease, effective as of the Effective Date, in order
to extend the term of the Lease on the terms set forth herein.

AGREEMENT

NOW, THEREFORE, in consideration of the promises and of the covenants set forth below, the
parties hereto agree as follows:

	1.	 	As of the Effective Date, Paragraph 1.3 of the Lease is amended to read as follows:

1.3 Term: 5 years and 0 months (“Extended Term”) commencing April 1, 2009 and ending March
31, 2014 (“Extended Expiration Date”).

2. All other terms and conditions of the Lease shall remain in full force and effect except as
expressly modified by this Amendment.

3. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall
be deemed an original but all of which together will constitute one and the same instrument.

[Signature page follows]

 

 

 

IN WITNESS WHEREOF, the parties, having read and considered the above provisions, indicate
their agreement by their authorized signatures below:

	 	 	 	 	 	 	 	 	 	 	 
	LESSOR:	 	 	 	LESSEE:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SUMO HOLDINGS IRVINE, LLC, a 

California limited liability company	 	 	 	OCB LLC, a California
limited liability 

company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kumarakulasingam Suriyakumar
 

Name: Kumarakulasingam Suriyakumar
	 	 	 	By:
	 	/s/ Jonathan R. Mather
 

Name: Jonathan R. Mather
	 	 
	 

	 	Its: Managing Director
	 	 	 	 	 	Its: Chief Financial OfficerExhibit 10.58

Exhibit 10.58

AMERICAN RAILCAR INDUSTRIES, INC.

2005 EQUITY INCENTIVE PLAN

STOCK APPRECIATION RIGHTS AGREEMENT

Name of SARs Holder:

Grant Date:

Total Number of SARs:

Exercise Price Per SAR:

SAR Term/Expiration Date:

Pursuant to and in accordance with the American Railcar Industries, Inc. 2005 Equity Incentive
Plan, as amended from time to time (the “Plan”), this Stock Appreciation Rights Agreement (the
“Award Agreement” or “Agreement”) evidences the issuance to the person named above (the “SARs
Holder”) by American Railcar Industries, Inc. (the “Company”), effective as of the date set forth
above, of stock appreciation rights (the “SARs”). Capitalized terms not otherwise defined herein
shall have the meanings ascribed to them in the Plan.

1. Vesting Schedules.

Subject to the Plan and the other terms and conditions of this Agreement, the number and
percentage of the Total Number of SARs (as it may be adjusted from time to time) shall vest on the
respective dates indicated below:

	 	 	 	 	 	 	 	 	 
	 	 	# of Total	 	 	% of Total Number of	 
	Vesting Date	 	SARs Vested	 	 	SARs Vested	 
	 
	 
	 	 	 	 	 	 	25	%
	 
	 	 	 	 	 	 	50	%
	 
	 	 	 	 	 	 	75	%
	 
	 	 	 	 	 	 	100	%

One half of your SARs shall vest in 25% increments on the first, second, third and fourth
anniversaries of the grant date, as indicated above. The remaining half of your SARs shall
similarly vest in 25% increments on the first, second, third and fourth anniversaries of the grant
date, but only if the closing price of the Company’s common stock achieves the specified price
target set forth below for twenty trading days during any sixty trading day period during the
twelve month period preceding the applicable anniversary date. If the Company’s common stock does
not achieve the specified price target for twenty trading days during any sixty trading day period
in the applicable twelve month period, then the corresponding number and percentage of
performance-based SARs will not vest and shall be irrevocably cancelled. Each holder must
further remain employed by the Company through each anniversary of the grant date in order to vest
in the corresponding number of SARs. All SARs shall have a seven-year term.

 

 

 

Below are the target prices for each 12 month period ending on:

March 3, 2010:

March 3, 2011:

March 3, 2012:

March 3, 2013:

2. Exercise. The SARs issued to the SARs Holder shall be exercisable by delivery of
an exercise notice in the form attached hereto as Exhibit A (the “Exercise Notice”), which
shall state the election to exercise the SARs, the number of SARs being exercised (the “Exercised
SARs”) and the SARs Holder’s agreement with respect to certain representations and agreements. The
SARs shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise
Notice. The SARs may be exercised only in accordance with the Plan and the terms of this
Agreement. Upon the exercise of any SARs, the SARs Holder shall be paid by the Company within
three (3) business days of exercise, in cash, an amount equal to the excess, if any, of (A) the
aggregate Fair Market Value in respect of which the SARs are exercised, determined as of the time
of such exercise, by the average high and low stock price on the Exercise day, over (B) the
aggregate Exercise Price Per SAR of the SARs being exercised. No payments shall be made pursuant to
the exercise of any SARs unless the issuance and exercise of the SARs complies with applicable
laws, the Plan and this Award Agreement.

3. Adjustments. In accordance with Section 3(c) of the Plan, the total number of
SARs and the Exercise Price Per SAR shall be adjusted from time to time to reflect changes in the
Company’s capitalization and for certain other events as expressly set forth in the Plan.

4. No Rights as Stockholder. Neither the issuance of SARs nor any action taken
hereunder or thereunder or pursuant hereto or thereto shall be construed as (i) giving the SARs
Holder any equity or interest of any kind in the Company or in any assets of the Company or any of
its subsidiaries, or (ii) creating a trust of any kind or a fiduciary relationship of any kind
between the SARs Holder and the Company or any of its subsidiaries. The SARs Holder shall not
have, in respect of the SARs or otherwise, any right to acquire or receive shares of common stock
or other securities of the Company or any of its subsidiaries pursuant to the Plan or this Award
Agreement or otherwise, shall not have any right to any adjustment or change hereunder as a result
of any issuance of stock or other securities by the Company or any of its subsidiaries, and he or
she shall not be deemed for any purpose to be a shareholder of the Company or any of its
subsidiaries.

5. Termination. Any vested SARs shall be exercisable for ninety (90) days after the
SARs Holder’s employment with the Company (which for purposes of this Plan shall include employment
with the Company and its direct and indirect consolidated subsidiaries) is terminated without Cause
(as defined in the Plan); provided, however, if the employment is terminated by the
Company for Cause, the SARs shall terminate immediately. In the event of the termination of
employment of the SARs Holder with the Company for any reason whatsoever, any Unvested SARs shall
cease to exist on such date and be extinguished and be of no further force or effect. Upon the SARs
Holder’s death, any vested SARs may be exercised for a period of twelve (12) months from the date
of termination of employment. Notwithstanding anything to
the contrary in the foregoing, in no event may any SARs be exercised after the Expiration Date
set forth above or as otherwise provided in the Plan.

 

2

 

6. Non-Transferable by the SARs Holder. Except by will or the laws of descent, the
SARs and all rights, title and interest therein granted hereunder are not transferable by the SARs
Holder, directly or indirectly, by sale, assignment, pledge, hypothecation, transfer or otherwise
(each a “Transfer”). Except as provided above, no Transfer of the SARs granted hereunder, whether
voluntary or involuntary, by the operation of law or otherwise, shall vest in any person or entity,
any direct or indirect title, interest or right therein whatsoever, but immediately upon any such
attempted Transfer, all SARs granted hereunder shall cease to exist and be extinguished and be of
no further force or effect.

7. No Guarantee of Continued Service. SARS HOLDER ACKNOWLEDGES AND AGREES THAT THE
VESTING OF SARS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING IN THE
RELATIONSHIP AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING ENGAGED, BEING GRANTED THIS
OPTION OR ACQUIRING SHARES HEREUNDER). SARS HOLDER FURTHER ACKNOWLEDGES AND AGREES THAT THIS
AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT
CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED EMPLOYMENT FOR THE VESTING PERIOD, FOR ANY
PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH SARS HOLDER’S RIGHT OR THE COMPANY’S
RIGHT TO TERMINATE THE RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE.

8. Withholding. All amounts paid to the SARs Holder hereunder shall be subject to
normal federal, state and, if applicable, local or foreign tax withholding and deductions imposed
by any one or more federal, state, local and/or foreign governments, or pursuant to any foreign or
domestic applicable law, rule or regulation.

9. Entire Agreement; Governing Law. The Plan is incorporated herein by reference.
The Plan and this Award Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and SARs Holder with respect to the subject matter hereof, and may not be modified
(except as provided herein and in the Plan) adversely to the SARs Holder’s interest except by means
of a writing signed by the Company and SARs Holder. This agreement is governed by the internal
substantive laws but not the choice of law rules of the State of Delaware.

10. Confidentiality, Non-Compete and Non-Solicit. Pursuant to the terms and
conditions of the Plan, SARs Holder has executed and delivered to the Company the Confidentiality,
Non-Compete and Non-Solicit Agreement attached hereto as Exhibit B.

 

3

 

11. SARs Holder Acknowledgement. Receipt of a copy of the Plan and represents that he
or she is familiar with the terms and provisions thereof, and hereby accepts this Award Agreement
subject to all of the terms and provisions thereof. SARs Holder has reviewed the Plan and this
Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Option and fully understands all provisions of the Award Agreement. SARs Holder
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Compensation Committee of the Board of Directors upon any questions
arising under the Plan or this Award Agreement. SARs Holder further agrees to notify the
Company upon any change in the residence address indicated below. A facsimile or photocopy of an
executed counterpart of this Award Agreement shall be sufficient to bind the party or parties whose
signature(s) appear thereon.

	 	 	 	 	 	 	 
	SARs Holder

	 	 	 	American Railcar Industries, Inc.	 	 
	 
	 	 	 	 	 	 
	By: 
 

	 	 	 	By:  

        James
Cowan
	 	 

 

4

 

EXHIBIT A

to

Stock Appreciation Rights Agreement

2005 EQUITY INCENTIVE PLAN

EXERCISE NOTICE

American Railcar Industries, Inc.

100 Clark St.

St. Charles, MO 63301

Attention: Treasury

	 	1.	 	Exercise of SARs. Effective as of today,                     , 200
_____, the
undersigned (“Holder”) hereby elects to exercise                      SARs under and pursuant to
the 2005 Equity Incentive Plan (the “Plan”) and the Stock Appreciation Rights
Agreement dated                     , 200
_____ (the “Award Agreement”). Capitalized terms not
otherwise defined herein shall have the meaning ascribed to them in the Plan.

	 	2.	 	Representations of Holder. Holder acknowledges that Holder has
received, read and understood the Plan and the Award Agreement and agrees to abide by
and be bound by their terms and conditions.

	 	3.	 	Tax Consultation. Holder understands that Holder may suffer adverse
tax consequences as a result of Holder’s exercise of the SARs. Holder represents that
Holder has consulted with any tax consultants Holder deems advisable in connection with
the purchase or disposition of the Shares and that Holder is not relying on the Company
for any tax advice.

[Signatures appear on next page]

 

 

 

SAR Exercise Notice

	 	 	 	 	 	 	 
	Submitted by:

	 	 	 	Accepted by:	 	 
	 
	 	 	 	 	 	 
	SARS HOLDER

	 	 	 	AMERICAN RAILCAR INDUSTRIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

Signature

	 	 	 	 

By
	 	 
	 
	 	 	 	 	 	 
	 

Print Name

	 	 	 	 

Title
	 	 
	 
	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

Date Received
	 	 

 

2

 

EXHIBIT B

to

Stock Appreciation Rights and or Management Incentive Plan Agreement

CONFIDENTIALITY, NON-COMPETE AND

NON-SOLICITATION AGREEMENT

This CONFIDENTIALITY, NON-COMPETE AND NON-SOLICITATION AGREEMENT (hereinafter referred to as
“Agreement”) made as of the
_____ th day of
_____, 2009, between American Railcar
Industries, Inc. a corporation incorporated under the laws of the State of Delaware (hereinafter
referred to as “Company”) and
_____ (hereinafter referred to as “Employee”).

WHEREAS, as a condition and inducement of the Company’s employment of, participation in any
equity incentive plans, or payment of any incentive owing to, and transfer of confidential
information to the Employee, the Company has requested and the Employee has agreed to enter into
this Agreement.

NOW THEREFORE in consideration of the provisions contained herein including the Company’s
employment of and transfer of confidential information to the Employee, the Company and the
Employee agree as follows:

1. DEFINITIONS

(a) For purposes of this Agreement the terms:

(i) “Affiliate” shall mean with respect to any specified Person, another Person which,
directly or indirectly, controls, is controlled by, or is under common control with such specified
Person;

(ii) “Company” shall mean American railcar Industries, Inc. and/or any of its subsidiaries,
parent or related corporations;

(iii) “Confidential Information” shall mean all information disclosed or otherwise made
available to the Employee by the Company, Affiliates, employees or representatives, about or
relating to the Company’s, or any of its Affiliates’ plans, business or activities, or employees,
including, but not limited to the information set forth in any business plan of the Company and
information concerning advertising, marketing plans and strategies, finances or financial
condition, accounting, methods, processes, trade secrets, Intellectual Property, product and
business plans, and current or potential customer, client, business partner or supplier lists and
records, service charges, rates and fees, investments plans or projections, research in respect of
acquired or potential target investments and communications and all Work Product;

 

 

 

(iv) “Intellectual Property” shall mean all source-codes, object-codes, manuals and other
documentation and materials (whether or not in written form) and all versions thereof, together
with all other patents, licenses, trademarks, service marks, trade names (whether registered or
unregistered), copyrights, proprietary computer software, proprietary inventions, proprietary
technology, technical information, intellectual property, discoveries, designs, proprietary rights
and non-public information, trade secrets, in each case, whether or not patentable;

(v) “Person” an individual, corporation, partnership, trust or unincorporated organization,
limited liability company, limited liability partnership, joint venture, joint stock company, any
governmental agency or instrumentality or any other entity;

(vi) “Work Product” shall mean all work product (tangible, recorded or otherwise, and without
regard to the form or condition or state of completion) including, without limitation, Intellectual
Property invented, created, assembled or developed in connection with, with respect to, for, or in
relation to, the Company during the Employee’s employment by the Company.

2. CONFIDENTIALITY

(a) The Employee shall not (either during the continuance of the Employee’s employment by the
Company or at any time thereafter) disclose any Confidential Information to any Person other than
designated employees of the Company, and all such Confidential Information, either in electronic,
printed or verbal form will remain the property of the Company and shall not be used by the
Employee (either during the continuance of employment by the Company or at any time thereafter) for
Employees own purpose or for any purpose other than those of the Company. The Employee agrees that
the Company will retain proprietary rights in the Confidential Information and disclosure to or
awareness by the Employee of the Confidential Information shall not be deemed to confer any rights
whatsoever to the Employee in respect of any part of the Confidential Information.

(b) The restrictions and covenants set forth in (a) above applicable to the Confidential
Information shall not apply to any portion of the Confidential Information that the Employee can
clearly demonstrate is at the time of disclosure or thereafter generally available to and known by
the public (other than as a result of its disclosure by the Employee in breach of his obligations
herein).

(c) In the event that the Employee is (i) requested by interrogatory, subpoena, deposition,
civil investigation demand or other similar legal process or (ii) required by applicable laws,
rules or regulations, to disclose any Confidential Information, the Employee shall provide the
Company with prompt written notice of any such request or requirement so that the Company may seek
an appropriate protective order. If, failing the entry of a protective order, the Employee is, in
the written opinion of its counsel, compelled to disclose Confidential Information, the Employee
may disclose that portion of the Confidential Information which its counsel advises the Employee in
such opinion that it is compelled to disclose. In any event, the Employee will not oppose, and
shall assist, action by the Company in any such proceeding to obtain an appropriate protective
order or other reliable assurance that confidential treatment will be accorded the Confidential
Information.

 

2

 

3. NON-COMPETE

The Employee covenants and agrees with the Company that during the continuance of employment,
and for a period of one (1) year from the date on which Employee ceases to be an employee of the
Company as a result of either the Employee’s resignation or termination of employment by the
Company for “Cause”, as defined herein, the Employee will not:

(1) within the territory(ies) or region(s) for which the Employee is or was responsible when
employed, (if the Employee was assigned to a territory or region) or,

(2) (if the employee did not have responsibility for a territory or region), within fifty
miles from the location at which the employee performed work on behalf of the Company, either
directly or indirectly, as principal, agent, owner, employee, partner, investor, shareholder (other
than solely as a holder of not more than 1% of the issued and outstanding shares of any public
corporation), consultant, advisor or otherwise howsoever participate in, act for, or on behalf of,
or for the benefit of, own, operate, carry on or engage in the operation of or have any financial
interest in or provide, directly or indirectly, financial assistance to or lend money to or
guarantee the debts or obligations of, any Person carrying on or engaged in any business that is
competitive with or identical to the business conducted by the Company in the United States of
America (the “Business”). For purposes of this Paragraph 3, any one of the following shall
constitute “Cause”: (1) the Employee’s material breach of this Agreement or Company policy; (2) the
Company’s default in performing its obligations under contracts with other persons or business
entities, or Company’s suffering of economic harm, if directly caused by the Employee; (3) the
Employee’s fraud with respect to the business or affairs of the Company or if the Employee is
convicted of committing a felony or any crime involving moral turpitude; or (4) other misconduct by
the Employee.

4. NON-SOLICITATION

The Employee covenants and agrees with the Company that during the continuance of this
employment, and for a period of one (1) year from the date on which he ceases to be an employee of
the Company for any reason, the Employee shall not directly, or indirectly, for himself or for any
other person or entity:

(a) attempt to divert or, solicit, interfere with or endeavor to entice away from, or attempt
to do any of the forgoing with respect to, the Company or its Affiliates, any customer, client or
any Person in the habit of dealing with the Company or its Affiliates, with whom the Employee had
contact with in a business capacity, was responsible for, or had knowledge of Confidential
Information about, and the Employee
shall refrain from committing any act which would in any manner jeopardize any relationship
the Company has or may have with any customer, client or any person or entity;

 

3

 

(b) interfere with, entice away, hire, encourage, or otherwise attempt to obtain the
withdrawal of any employee of the Company or Affiliates in relation to the Business; or

(c) advise any Person or entity not to do business with the Company or Affiliates in relation
to the Business.

5. INJUNCTIVE RELIEF

Irreparable harm shall be presumed if the Employee breaches or threatens to breach any
agreement, covenant or provision of this Agreement, and under such circumstances damages will be
impossible to ascertain. Accordingly, the Employee agrees that in the event of any breach or
threatened breach of this Agreement, the Company shall be entitled to an injunction and other
equitable relief without being required to show irreparable harm, without posting any bond or
security in connection therewith, and that any court of competent jurisdiction may immediately
enjoin any breach or threatened breach of this Agreement. The equitable remedies contemplated
hereby shall not be deemed to be exclusive remedies for a breach of this Agreement but shall be in
addition to all other remedies available at law or equity.

6. INVALIDITY

If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any
present or future law, and if the rights or obligations under this Agreement will not be materially
and adversely affected thereby, (a) such provision shall be fully severable; (b) this Agreement
shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never
comprised a part hereof; (c) the remaining provisions of this Agreement shall remain in full force
and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its
severance from this Agreement; and (d) in lieu of such illegal, invalid, or unenforceable
provision, there shall be added automatically as a part of this Agreement a legal, valid, and
enforceable provision as similar in terms to such illegal, invalid, or unenforceable provision as
may be possible.

7. ACKNOWLEDGEMENT

The Employee acknowledges reading and understanding the terms and conditions of this
Agreement, and that the Company has provided a reasonable opportunity for the employee, if the
Employee so chooses, to seek independent legal advice prior to executing this Agreement.

 

4

 

8. GOVERNING LAW/JURISDICTION/SERVICE OF PROCESS

The validity, interpretation, performance, and enforcement of this Agreement shall be governed
by the laws of the State of New York without regard to the conflict of laws. In any action between
or among the parties arising out of this Agreement, (i) each of the parties irrevocably consents to
the exclusive jurisdiction and venue of the federal and state courts located in the State of New
York; (ii) if any such action is commenced in a state court, then, subject to applicable law,
neither party shall object to the removal of such action to any federal court located in the State
of New York; (iii) each of the parties irrevocably waives the right to trial by jury; and (iv) each
of the parties irrevocably consents to service of process by first class certified mail, return
receipt requested, postage prepaid, to the address of such party set forth in the signature page
hereto, unless a party notifies the other in writing of a different address.

9. ENTIRE
AGREEMENT/AMENDMENTS/WAIVERS/COUNTERPARTS/NOTICES

This Agreement shall constitute the entire agreement among the parties with respect to the
matters covered hereby and shall supersede all previous written, oral or implied understandings
among them with respect to such matters provided however, that nothing herein shall limit the
Employee’s responsibilities or the Company’s rights under any business conduct policy. This
Agreement or any of its provisions shall not be amended, waived or otherwise modified except by a
writing executed by all of the parties hereto. No failure or delay by the Company in exercising its
rights and remedies under or with respect to this Agreement shall operate as a waiver or bar any
further exercise of such rights and remedies. This Agreement may be executed in any number of
counterparts, each of which when executed shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument. All notices hereunder shall be given in
writing delivered to the address of the recipient set forth on the signature page hereto.

10. MISCELLANEOUS

(a) This Agreement does not alter, change or modify the employment-at-will relationship that
exists between the Company and the Employee and nothing herein shall be construed as requiring
cause for or advance notice of termination of employment.

(b) This Agreement shall be binding upon and inure to the benefit of the parties and their
successors and permitted assigns, as the case may be. The Company may assign this Agreement to any
affiliate of the Company and to any successor or assign of all or a substantial portion of the
Company’s business. The Employee may not assign or transfer any of his rights or obligations under
this Agreement.

 

5

 

IN WITNESS WHEREOF the parties hereto have executed this Confidentiality, Non-Compete and
Non-Solicitation Agreement as of the date first written above.

	 	 	 	 	 	 	 
	EMPLOYEE

	 	 	 	AMERICAN RAILCAR INDUSTRIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

Signature

	 	 	 	 

By:
	 	 

 

6

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