Document:

exv10w10

 

Exhibit
10.10

FIRST AMENDMENT TO

RESTRICTED STOCK AGREEMENT

(Jack M. Antonini)

     THIS FIRST AMENDMENT TO RESTRICTED STOCK AGREEMENT (“First Amendment”) is entered into by and
between Cardtronics, Inc., a Delaware corporation (the “Company”), and Jack M. Antonini
(“Employee”) as of March 1, 2004.

     WHEREAS, the Company and Employee have heretofore entered into that certain Restricted Stock
Agreement dated as of February 4, 2004 (the “Restricted Stock Agreement”); and

     WHEREAS, the Company and Employee desire to amend the Restricted Stock Agreement in certain
respects;

     NOW, THEREFORE, in consideration of the premises set forth above and the mutual agreements set
forth herein, the Company and Employee hereby agree, effective as of the date first set forth
above, that the Restricted Stock Agreement shall be amended as hereafter provided:

     1. The last sentence of Section 5(a) of the Restricted Stock Agreement shall be deleted and
the following shall be substituted therefor:

“As soon as administratively feasible after the Company’s receipt of a copy of such
statement, the Company or an Affiliate shall pay a special, one-time bonus to
Employee in the amount of $1,846,417.60 (subject to applicable tax withholding and
other payroll deductions).”

     2. This First Amendment (a) shall supersede any prior agreement between the Company and
Employee relating to the subject matter of this First Amendment and (b) shall be binding upon and
inure to the benefit of the parties hereto and any successors to the Company and all persons
lawfully claiming under Employee.

     3. Except as expressly modified by this First Amendment, the terms of the Restricted Stock
Agreement shall remain in full force and effect and are hereby confirmed and ratified.

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this First Amendment as of
the date first set forth above.

	 	 	 	 	 	 
	“EMPLOYEE”	 	“COMPANY”

CARDTRONICS, INC.

 	 
	     /s/ Jack M. Antonini	 	By:  	             /s/ Fred Lummis
 	 
	JACK M. ANTONINI	 	 	                             Fred Lummis, Chairman 	 
	 	 	 	 
	 

-1-exv10w11

 

Exhibit
10.11

SECOND AMENDMENT TO

RESTRICTED STOCK AGREEMENT

     THIS
SECOND AMENDMENT TO RESTRICTED STOCK AGREEMENT (“Second Amendment”) is entered into by
and between Cardtronics, Inc., a Delaware corporation (the “Company”), and Jack M. Antonini (the
“Employee”) as of February 10, 2005.

     WHEREAS, the Company and the Employee have heretofore entered into that certain Restricted
Stock Agreement dated as of February 4, 2004 (the “Restricted Stock Agreement”); and

     WHEREAS, the Company and the Employee have heretofore entered into that First Amendment to
Restricted Stock Agreement dated as of March 1, 2004 (the “First Amendment”); and

     WHEREAS, the Company and the Employee desire to amend the Restricted Stock Agreement, as
previously amended, in certain respects;

     NOW, THEREFORE, in consideration of the premises set forth above and the mutual agreements set
forth herein, the Company and the Employee hereby agree, effective as of the date first set forth
above, that the Restrictive Stock Agreement shall be further amended as hereafter provided:

     1. Subparagraph (a) of the definition of the term “Change of Control” in Section 1
“Definitions” to the Restricted Stock Agreement shall be deleted and the following shall be
substituted therefor:

     "(a) prior to the date of an IPO, any transaction or event pursuant to which (i) (A) the
CapStreet Group, Inc. and/or its affiliates (the “CapStreet Group”) cease to own fifty percent
(50%) or more of the number of shares of the Parent Company’s common stock that they own on
February 11, 2005, and (B) TA Associates, Inc. and/or its affiliates (the “TA Group”) cease to
collectively own 50% or more of the number of shares of the Parent Company’s common stock that they
own on February 11, 2005 (on an as converted basis), (ii) any acquisition by any person or “group”
(within the meaning of Section 13(d)(3) of the Securities Act of 1934, as amended), other than the
CapStreet Group and/or the TA Group, of more than fifty percent (50%) of the Parent Company’s
common stock (on an as converted basis) through the issuance of common stock by the Parent Company,
(iii) any person or “group” (within the meaning of Section 13(d)(3) of the Securities Act of 1934,
as amended), other than the CapStreet Group and/or the TA Group, has the right to designate a
majority of the Board of the Directors of the Parent Company or (iv) all or substantially all of
the assets of the Parent Company are transferred to an entity which such entity after such
transfer is not owned by the holders of equity securities of the Parent Company in substantially
the same proportions as they owned the Parent Company immediately prior to such transfer;”

     2. This Second Amendment shall be binding upon and inure to the benefit of the parties hereto
and any successors to the Company and all persons lawfully claiming under the Employee.

     3. Except as expressly modified by this Second Amendment, the terms of the Restrictive Stock
Agreement shall remain in full force and effect and are hereby confirmed and ratified.

-1-

 

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this First Amendment
as of the date first set forth above.

	 	 	 	 	 	 
	“EMPLOYEE”	 	“COMPANY”

CARDTRONICS, LP

 	 
	   /s/ Jack M. Antonini	 	By:  	                       /s/ J. Chris Brewster
 	 
	JACK M. ANTONINI 	 	 	Name:  	                         J. Chris Brewster 	 
	 	 	 	Title:  	Chief Financial Officer 	 
	 

-2-exv10w13

 

Exhibit
10.13

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into by and
between Cardtronics, LP, a Delaware limited partnership (the “Company”), Cardtronics, Inc. (the
“Parent Company”)and Michael Clinard (the “Employee”) effective as of January 1, 2005.

     WHEREAS, the Company and the Employee have heretofore entered into that certain Employment
Agreement dated as of June 4, 2001 (the “Employment Agreement”); and

     WHEREAS, the Company and the Employee desire to amend the Employment Agreement in certain
respects;

     NOW, THEREFORE, in consideration of the premises set forth above and the mutual agreements set
forth herein, the Company and the Employee hereby agree, effective as of the date first set forth
above, that the Employment Agreement shall be and is hereby amended as hereafter provided:

     1. Section 3.1 of the Employment Agreement shall be deleted and the following shall be
substituted therefor:

     “3.1 Employment Term. The term of the Employee’s employment with the Company
shall commence on the Effective Date and end on January 31, 2008 (the “Stated Term”)
unless earlier terminated in accordance with this Agreement (such period of
employment, as it may be earlier terminated, being referred to herein as the
“Employment Term”).”

     2. The first sentence of Section 4.1 of the Employment Agreement shall be deleted and the
following shall be substituted therefor:

“From and after January 1, 2005, the Company shall pay the Employee an annual gross
salary of $220,500.00 (the “Base Salary”), which the Company shall pay to the
Employee in bi-weekly installments in accordance with the Company’s regular payroll
practice for management employees.”

     3. Section 4.3(a) of the Employment Agreement shall be deleted and the following shall be
substituted therefor:

“During the Employment Term, the Employee shall be eligible for participation in and
to receive all benefits under welfare benefit plans, practices, policies and
programs of the Company (including the Company’s existing benefit plans), as may be
in effect from time to time for other similarly situated employees of the Company,
and the Employee shall be entitled to vacations and sick leave in accordance with
the Company’s prevailing policy for its executives, provided that the Employee’s
vacation entitlement shall be four weeks paid vacation during each one-year period
commencing on the 4th anniversary date of this Agreement.”

 

 

     4. Section 5.2 of the Employment Agreement shall be deleted and the following shall be
substituted therefor:

     “5.2 Disclosure to the Employee. The Company has and will disclose to the
Employee, or place the Employee in a position to have access to or develop,
Confidential Information and Work Product of the Company or its Affiliates; and/or
has and will entrust the Employee with business opportunities of the Company or its
Affiliates; and/or has and will place the Employee in a position to develop business
good will on behalf of the Company or its Affiliates. The Employee agrees to
preserve and protect the confidentiality of all Confidential Information or Work
Product of the Company or its Affiliates.”

     5. The text of Section 7.1 of the Employment Agreement that precedes Section 7.1(a) of the
Employment Agreement shall be deleted and the following shall be substituted therefor:

     “7.1 In General. As part of the consideration for the compensation and
benefits to be paid to the Employee hereunder; to protect the trade secrets and
Confidential Information of the Company or its Affiliates that has been and will in
the future be disclosed or entrusted to the Employee, the business good will of the
Company or its Affiliates that has been and will in the future be developed in the
Employee, or the business opportunities that have been and will in the future be
disclosed or entrusted to the Employee by the Company or its Affiliates; and as an
additional incentive for the Company to enter into this Agreement, the Company and
the Employee agree to the provisions of this Section 7.1. The Employee agrees that,
from the date hereof until 24 months after the date of the Employee’s termination of
employment with the Company for any reason whatsoever (the “Non-Compete Period”),
the Employee shall not:”

     6. Section 7.1(a) of the Employment Agreement shall be deleted and the following shall be
substituted therefor:

“(a) directly or indirectly participate in the ownership, management, operation or
control of, or be connected as an officer, employee, partner, director, contractor or
otherwise with, or have any financial interest in or aid or assist anyone else in the
conduct of, any business in any of the business territories in which the Company is
presently or from time-to-time conducting business that either owns and operates an ATM
business, which business consists of one or more of the following activities: owning,
operating, and managing ATMs (a “Competitive Operation”); provided, however, that this
provision shall not preclude the Employee from (i) being employed by an electronics
funds processing company, an armored carrier company, ATM manufacturer, or a financial
institution that may process ATM transactions and provide cash and/or cash management
services to an ATM Business; (ii) being employed by any financial institution so long as
Employee’s principal duties at such institution are not directly and primarily related
to the ATM business; or (iii) owning less than 2% of the equity securities of any
publicly held Competitive Operation so long as the Employee does not serve as an
employee, officer, director or consultant to such business;”

-2-

 

     7. This Amendment is executed in connection with an anticipated equity investment in
Cardtronics, Inc. by TA Associates, Inc. or its affiliates. Following that investment, the Company
will undertake and complete by September 30, 2005, a comprehensive compensation study covering all
executive compensation issues, e.g. salary, stock options, paid holidays, and other perquisites.
Upon completion of that study, Employee’s compensation package may be modified; provided, however
that no such modification will involve a reduction in the Base Salary or other benefits set forth
in the Employment Agreement or this Amendment or be effective unless executed by the Employee.

     8. This Amendment (a) shall supersede any prior agreement between the Company, the Parent
Company, and the Employee relating to the subject matter of this Amendment and (b) shall be binding
upon and inure to the benefit of the parties hereto and any successors to the Company and all
persons lawfully claiming under the Employee.

     9. Except as expressly modified by this Amendment, the terms of the Employment Agreement shall
remain in full force and effect and are hereby confirmed and ratified. Capitalized terms not
otherwise defined herein shall have the meaning ascribed to them in the Employment Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment on
this the 10th day of February, 2005.

	 	 	 	 	 
	“EMPLOYEE”

	 	“COMPANY”
	 
	 	 	 	 
	 

	 	CARDTRONICS, LP

	 
	 	 	 	 
	/s/ MICHAEL M. CLINARD
	 	By:	/s/ J. CHRIS BREWSTER	 
	 
	 	 	 
	 
	Michael H. Clinard

	 	Name:	J. Chris Brewster	 
	 

	 	 	 
	 
	 

	 	Title:	Chief Financial Officer	 
	 

	 	 	 
	 
	 
	 	 	 	 
	 

	 	“PARENT COMPANY”

	 
	 	 	 	 
	 

	 	CARDTRONICS, INC.

	 
	 	 	 	 
	 

	 	By:	/s/ J. CHRIS BREWSTER	 
	 

	 	 	 
	 
	 

	 	Name:	J. CHRIS BREWSTER	 
	 

	 	 	 
	 
	 

	 	Title:	Chief Financial Officer	 
	 

	 	 	 
	 

-3-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]