Document:

ex10_6.htm

EXHIBIT 10.6

 

CAI INTERNATIONAL, INC.

 

SEPARATION AGREEMENT AND GENERAL RELEASE

 

THIS SEPARATION AGREEMENT AND GENERAL RELEASE (this “Agreement”), is entered into by and between CAI International, Inc., a Delaware corporation (the “Company”) and Nadine Teixeira (“Ms. Teixeira”) as of the date this Agreement is signed by Ms. Teixeira.

 

This Agreement is an important document which should be examined carefully before signing.  Ms. Teixeira should seek the advice of anyone she needs to consult in order to make an informed decision, including her legal and tax advisors.  Ms. Teixeira is specifically notified that this Agreement releases any and all claims that she may have under the Age Discrimination in Employment Act.  The Company advises Ms. Teixeira to consult with an attorney prior to signing this Agreement.  Ms. Teixeira, who is herself an experienced attorney, understands and recognizes the significance and importance of the releases and waivers she is giving by entering into this Agreement.

 

W I T N E S S E T H:

 

WHEREAS, Ms. Teixeira has been employed by the Company as Vice President, International Legal Affairs; and

 

WHEREAS, Ms. Teixeira and the Company wish to enter into an agreement to clarify and memorialize the terms of Ms. Teixeira’s separation from the Company, as well as any continuing obligations of the parties to one another following the end of the employment relationship.

 

NOW, THEREFORE, in consideration of the premises and the covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties hereby agree as follows:

 

1.            Termination of Employment. Pursuant to Ms. Teixeira’s resignation, Ms. Teixeira’s employment with the Company will cease on September 19, 2012 (the “Separation Date”).  Ms. Teixeira understands that she will have no further responsibilities to the Company as an employee and Executive Officer following the Separation Date.  However, Ms. Teixeira will have non-employment responsibilities to the Company as provided in Section 2, below.  Ms. Teixeira acknowledges that her coverage under the Company’s group health plans will cease on September 30, 2012, unless she timely (and properly) elects COBRA or CAL-COBRA, as applicable.

 

2.             Transition to Outside Counsel Relationship.

 

(a)           Ms. Teixeira is an attorney licensed and admitted to practice in California and in good standing in California.  The Company wishes to retain Ms. Teixeira, and Ms. Teixeira wishes to be retained by the Company, to perform legal services as an outside attorney for the Company.  Ms. Teixeira and the Company agree that in performing such legal services, Ms. Teixeira will be an independent contractor, not an employee of the Company.  To effectuate this retention, Ms. Teixeira and the Company intend to enter into a separate retainer agreement for such legal services.  Although such separate retainer agreement will be controlling as to all matters addressed therein, Ms. Teixeira and the Company presently intend that such retainer agreement will be in effect at least until the end of calendar year 2012 (such period, the "Retainer Period"), that the monthly retainer fee will be in the amount of twenty-three thousand two hundred and five dollars ($23,205), which shall be pro-rated for the month of September, that Ms. Teixeira will be free to have other clients (subject to compliance with her obligations under the California Rules of Professional Conduct to avoid conflicts of interest), and that Ms. Teixeira will not be required to spend time equivalent to full-time employment performing her legal services to the Company under the retainer agreement.  During the Retainer Period, Ms. Teixeira will have access to and use of her Company-provided telephone and computer. The pro-rated September retainer fee shall be paid on the last business day of September and the monthly retainer fee for subsequent months shall be paid on a semi-monthly basis. If requested by the Company, Ms. Teixeira will submit an invoice or invoices for the retainer.

 

  

  

  

 

(b)           In addition to rendering legal advice and other legal services to the Company pursuant to such retainer agreement, Ms. Teixeira agrees to act in good faith and take the following actions during the period of her retention:

 

(i)           provide all Company documents, any devices, records, data, notes, marketing reports, proposals, lists, correspondence, specifications, materials, and equipment in her possession to the Company, including any back-up documents relating to the Company's legal matters that Ms. Teixeira has worked on during her tenure with the Company; and

 

(ii)          make herself available to other Company employees to answer questions related to Ms. Teixeira’s former duties with the Company.

 

(c)           Ms. Teixeira recognizes and agrees that the Company’s commitments and undertakings set out in section 2(a) above are not required by the Company’s policies or procedures absent execution of this Agreement, or by any contractual obligation of the Company other than this Agreement, or by any operation of law.  In addition to the foregoing, the Company will pay to Ms. Teixeira, at the end of the Revocation Period, the lump sum of seventy-eight thousand seven hundred fifty dollars ($78,750).  Ms. Teixeira recognizes and agrees that the Company’s commitment in section 2(a) to enter into a retainer agreement on terms favorable to Ms. Teixeira, together with such cash payment to her of $78,750, constitute valid consideration for Ms. Teixeira entering into this Agreement.

 

3.             Equity Matters; No Other Severance. Ms. Teixeira holds an option to purchase up to 10,000 shares of the Company's common stock, granted on June 5, 2009 and an option to purchase up to 4,000 shares of the Company's common stock, granted on June 12, 2012 (collectively, the "Option").  The parties agree that, so long as Ms. Teixeira is providing the services outlined in the retainer agreement during the Retainer Period, (a) the Option will continue to vest as provided in the Stock Option Grant Notices and Stock Option Agreements evidencing the Option, (b) the unvested portion of the Option will terminate on the last day of the Retainer Period and (c) the Option's post-termination exercise period shall not begin until the last day of the Retainer Period.  Ms. Teixeira acknowledges and agrees that, other than the Option, she holds no other stock, option, equity or other ownership interest in the Company and has no rights to receive any other stock, option, equity or other ownership interest in the Company.  The Option was originally granted with the intention that it qualify for beneficial tax treatment as an incentive stock option.  Ms. Teixeira further acknowledges that, in order to preserve the beneficial tax treatment as an incentive stock option, Ms. Teixeira must exercise the Option within three months of the Separation Date.

 

  

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4.             General Release of Claims.

 

(a)          Ms. Teixeira, on behalf of Ms. Teixeira and Ms. Teixeira’s heirs, representatives, agents, beneficiaries, affiliates, assigns and successors, hereby expressly waives, releases and forever discharges any and all claims, complaints, demands, suits, actions and causes of action against the Company and releases the Company (including, for the purposes of the release of claims in this Agreement, the Company’s past and present employees, officers, directors, stockholders, partners, successors, predecessors, subsidiaries, affiliated and successor entities, assigns, managers, attorneys, agents, and representatives) from any and all claims, demands, actions, causes of action, obligations, damages and liabilities whatsoever, whether or not now known, suspected or claimed, which Ms. Teixeira ever had, now has, claims to have had, or hereafter may have, whether in Ms. Teixeira’s own right or by assignment, transfer or grant from any other person or entity, upon or by reason of any matter, cause or thing whatsoever, against the Company up to and including the Effective Date (as defined below), including without limitation any claims for costs or attorneys’ fees, whether asserted prior to or after the Effective Date.  It is understood that this release includes, but is not limited to, any claims for damages of any kind whatsoever, arising out of Ms. Teixeira’s employment, any claims for wages, salary, bonus, or commission, or any torts, any contracts, express or implied, any covenant of good faith and fair dealing, express or implied, any theory of unlawful discharge, any legal restriction on the Company’s right to terminate service providers, or any federal, state or other governmental statute or ordinance, including, without limitation, the Civil Rights Acts of 1964 and 1991, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Family and Medical Leave Act, the California Fair Employment and Housing Act, the California Family Rights Act, the Employee Retirement Income Security Act, all as amended, and any other federal, state or local laws or regulations concerning discrimination or harassment, wrongful termination, wages, hours, benefits, or conditions of employment, including without limitation the San Francisco Paid Sick Leave Ordinance, San Francisco Municipal/Police Code Article 33, and San Francisco Administrative Code Chapters 12A, 12B and 12C.  Ms. Teixeira represents that Ms. Teixeira has not filed any complaints, charges or lawsuits against Company with any governmental agency or any court.  Ms. Teixeira further represents that she has not transferred to any person or entity any rights, causes of action, or claims released in this Agreement.

 

(b)          Ms. Teixeira further acknowledges that this Agreement does not cover any claim or right Ms. Teixeira cannot waive as a matter of law, such as rights to workers compensation benefits or unemployment benefits.  This Agreement does not affect the rights and responsibilities of the Equal Employment Opportunity Commission (“EEOC”) to enforce the laws in its jurisdiction, nor does it purport to interfere with the protected right of an employee to file a charge or participate in an investigation or proceeding conducted by the EEOC under such laws. This waiver and release shall not waive or release claims where the events in dispute first arise after execution of this Agreement, nor shall it preclude Ms. Teixeira or Company from claims brought for the exclusive purpose of enforcing their respective rights under this Agreement.

 

  

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5.             Release of Unknown Claims.  Ms. Teixeira may later discover facts different from or in addition to those she knows or believes to be true regarding the claims released in this Agreement.  Ms. Teixeira intends to release all unknown as well as known claims hereby, and she agrees that this Agreement shall remain effective even if Ms. Teixeira later discovers different or additional facts that, if known to her, would have influenced her decisions about this Agreement.  Ms. Teixeira waives (i) all rights that she may have based on any unknown and undiscovered facts, and (ii) all rights that are provided in California Civil Code Section 1542, which provides as follows:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

 

6.             Non-Disparagement.

 

Ms. Teixeira agrees to refrain from any disparagement, defamation, libel or slander of the Company, including its prospects, products or services (together, the “Company Business”), its employees, directors, consultants, advisors, agents or representatives (the “Company People”), or its business reputation, or and further agrees to refrain from any tortious interference with the contracts and relationships of the Company.  Ms. Teixeira further agrees that she will not otherwise intentionally engage in conduct that is not in good faith and that is intended to disrupt, damage, impair or interfere with the Company Business, the Company People, and the Company’s reputation.  To the extent Ms. Teixeira becomes aware of any person or entity that, based in part on information or interaction with Ms. Teixeira, develops a disparaging impression of the foregoing, Ms. Teixeira will promptly so notify the Company and provide detail around the circumstances in which such situation has arisen.

 

7.             Consideration Period.  Ms. Teixeira understands she has 21 days from the date she received this Agreement to carefully review and consider whether to sign it.  The Company has advised her to consult an attorney before signing.  Ms. Teixeira understands that if she signs this Agreement, she will have another 7 days (the “Revocation Period”) to change her mind and revoke it.  To revoke this Agreement, Ms. Teixeira understands she must do so in writing, delivered to Timothy B. Page, Chief Financial Officer at the Company, within the Revocation Period.  Ms. Teixeira understands this Agreement will not take effect, and that she will not receive the consideration under Section 2 of this Agreement, until after the Revocation Period expires and provided she has not revoked the Agreement (such date of expiry of the Revocation Period, without revocation, shall be the “Effective Date”).

 

8.             Knowing and Voluntary Agreement; Drafting.  Ms. Teixeira represents and agrees that she has read this Agreement, understands its terms and the scope of the general release contained in Sections 4 and 5 above, and has entered into this Agreement without duress or coercion from any source.  Ms. Teixeira knows this Agreement is final and binding, and has signed it voluntarily. Ms. Teixeira has had the opportunity to consult legal counsel of her choice, has in fact been advised to do so, and has either done so or knowingly waived the right to do so.  The parties acknowledge that this Agreement was mutually drafted and that no provision shall be construed against either party as the drafter.

 

  

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9.             No Admissions.  This Agreement should not be construed as an admission or a statement of any party that such party has acted wrongfully or unlawfully.  Each party expressly denies any wrongful or unlawful action.

 

10.           Entire Agreement.  This Agreement sets forth the entire understanding between the parties and supersedes any prior agreements or understandings, express or implied, pertaining to the terms of Ms. Teixeira’s employment with Company and the termination of the employment relationship.  Ms. Teixeira acknowledges that in executing this Agreement, Ms. Teixeira does not rely upon any oral representation or statement by any representative of Company affecting the subject matter of this Agreement.

 

11.           Severability.  If any provision in this Agreement is found to be unenforceable, it will not affect the enforceability of the remaining provisions and the rest of this Agreement shall continue in effect to the fullest extent possible.  Any court or tribunal of competent jurisdiction shall have the power to modify any unenforceable provision as necessary to comply with applicable law and to make this Agreement enforceable to the maximum extent allowed.

 

12.           Governing Law.  This Agreement shall be governed by and construed under the laws of the State of California as applied to agreements among California residents entered into and to be performed entirely within California, without giving effect to principles of conflicts of laws, and the sole venue for any action to enforce this Agreement, or arising out of this Agreement, shall be San Francisco County, California.

 

13.           Successors and Assigns.  Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties.  Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

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

 

 [Remainder of Page Intentionally Left Blank]

 

  

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The parties hereto have executed this Separation Agreement and General Release as of the date indicated below.

 

	  	
THE COMPANY:

	  
	 	 	 
	  	
CAI INTERNATIONAL, INC.

	  
	  	
a Delaware corporation

	  
	  	  	  
	  	
By:

	
 /s/ Timothy B. Page

	  
	  	
Timothy B. Page, Chief Financial Officer

	  
	  	  	  	  
	  	  	  	  
	  	
Dated: September 12, 2012

	  
	  	  	  
	  	
/s/ Nadine Teixeira

	  
	  	
Nadine Teixeira, an individualExhibit 10.1

 

EXECUTION COPY

 

TENDER AND VOTING AGREEMENT 

 

This TENDER AND VOTING
AGREEMENT (this “Agreement”), dated as of October 22, 2012, by and among Toyota Industries Corporation, a corporation
formed under the laws of Japan (“Parent”), Industrial Components and Attachments II, Inc., a corporation formed
under the laws of Delaware and an indirect wholly owned subsidiary of Parent (“Merger Sub”), and each of the
persons listed on Schedule A hereto (collectively, the “Company Shareholders” and each, a “Company
Shareholder”) of Cascade Corporation, a corporation formed under the laws of the state of Oregon (the “Company”).
Any capitalized terms used, but not otherwise defined herein, shall have the respective meanings ascribed to such terms in the
Merger Agreement, as defined herein.

 

WITNESSETH:

 

WHEREAS, as of the date
hereof, each Company Shareholder is (i) the record and beneficial owner (as defined in Rule 13d-3 under the Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “Exchange Act”)) of such
number of shares of common stock, par value $0.50 per share, of the Company (“Company Common Stock”) set forth
opposite such Company Shareholders’ name on Schedule A (all such shares set forth on Schedule A, together with any
Company Common Stock that are hereafter issued to or otherwise acquired or owned by any Company Shareholder prior to the termination
of this Agreement being referred to herein as the “Subject Shares”) and (ii) directly or indirectly owns the
number of [Company Options, Company SARs or Company Restricted Shares] (the “Subject Options”) set forth opposite
such Company Shareholder’s name on Schedule A; provided, that (i) no Subject Options beneficially owned by
such Company Shareholder as of the date of this Agreement shall be considered Subject Shares prior to their exercise or vesting,
as the case may be, and (ii) shares of Company Common Stock issued upon exercise or vesting of the Subject Options, shall be considered
Subject Shares;

 

WHEREAS, Parent, Merger
Sub and the Company have entered into an Agreement and Plan of Merger, dated as of the date hereof (as it may be amended from time
to time, the “Merger Agreement”), which provides, among other things, for Merger Sub to commence a cash tender
offer (as it may be amended from time to time, the “Offer”) to purchase all of the outstanding shares of Company
Common Stock for consideration of a price per share as set forth in the Merger Agreement and that, following the acceptance of
any payment for shares of Company Common Stock pursuant to the Offer, Merger Sub will merge with and into the Company (the “Merger”),
with the Company surviving the Merger, all upon the terms and subject to the conditions set forth in the Merger Agreement; and

 

WHEREAS, as a
condition to the willingness of Parent and Merger Sub to enter into the Merger Agreement, Parent and Merger Sub have requested
that each Company Shareholder agree, and in order to induce Parent and Merger Sub to enter into the Merger Agreement, each Company
Shareholder (in such Company Shareholder’s capacity as a holder of the Subject Shares and, if applicable, the Subject Options)
has agreed to, enter into this Agreement.

 

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NOW, THEREFORE, in consideration
of the foregoing premises and the respective representations, warranties, covenants and agreements set forth herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, do hereby agree as follows:

  

Article
I

AGREEMENT TO TENDER AND VOTE; IRREVOCABLE PROXY

 

Section
1.1       Agreement to Tender. Each Company Shareholder agrees that
no later than the fifth (5th) Business Day following the commencement of the Offer, such Company Shareholder shall
tender, or cause to be tendered, into the Offer, pursuant to and in accordance with the terms of the Offer, all of the Subject
Shares owned by such Company Shareholder as of the date of such tender (with respect to each Company Shareholder his, her or its
“Tender Date”), free and clear of all Encumbrances of any nature whatsoever that would prevent such Company
Shareholder from tendering its shares in accordance with this Agreement or otherwise complying with its obligations under this
Agreement. If any Company Shareholder acquires any Subject Shares after such Company Shareholder’s Tender Date (including
any subsequent offering period, if any), such Company Shareholder shall tender into the Offer such Subject Shares within three
(3) Business Days following the date that such Company Shareholder shall acquires such Subject Shares.

 

(b)         Each
Company Shareholder agrees that once the Subject Shares are tendered into the Offer, such Company Shareholder shall not
withdraw the tender of such Subject Shares unless the Offer shall have been terminated or shall have expired, in each case,
in accordance with the terms of the Merger Agreement, or the Merger Agreement has been terminated in accordance with its
terms.

 

Section
1.2       Agreement to Vote.  From
the date hereof until the termination of this Agreement in accordance with Section 5.1, except to the extent waived
in writing by Parent in its sole and absolute discretion, at any special or annual meeting of the shareholders of the Company,
however called, or at any adjournment thereof, or in connection with any written consent of the shareholders of the Company or
in any other circumstances upon which a vote, consent or other approval of all or some of the shareholders of the Company is sought,
each Company Shareholder shall vote (or cause to be voted) all of such Company Shareholder’s Subject Shares (to the extent
the Subject Shares are not purchased in the Offer) and any other shares of capital stock of the Company owned, beneficially or
of record, by such Company Shareholder during the term of this Agreement that are entitled to vote at such meeting or in such
written consent (collectively, the “Voting Shares”): (i) in favor of adoption and approval of the Merger
Agreement and the transactions contemplated thereby, including the Merger; and (ii) against the following actions (other
than the Merger and the Transactions contemplated by the Merger Agreement): (A) any Acquisition Proposal; (B) any arrangement
or agreement related to any Acquisition Proposal; (C) any a liquidation, dissolution, winding up, recapitalization, extraordinary
dividend or other significant corporate reorganization of the Company or any of its Subsidiaries; and (D) any other action,
transaction or proposal involving the Company or any of its Subsidiaries that is intended or would reasonably be expected to,
either individually or in the aggregate, impede, delay or adversely affect the Offer, the Merger or any other Transactions contemplated
by the Merger Agreement.

 

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(b)         In
the event that a meeting of the shareholders of the Company is held, each Company Shareholder shall, or shall cause the holder
of record of its Voting Shares on any applicable record date to, appear at such meeting or otherwise cause its Voting Shares to
be counted as present thereat for purposes of establishing a quorum. Each Company Shareholder shall not enter into any
agreement or understanding with any Person to vote or give instructions in any manner inconsistent with the terms of this Section 1.2.

 

Section
1.3         Irrevocable Proxy. EACH COMPANY SHAREHOLDER HEREBY IRREVOCABLY GRANTS
TO AND APPOINTS PARENT AND ANY DESIGNEE OF PARENT AND EACH OF PARENT’S OFFICERS, IN THEIR RESPECTIVE CAPACITIES AS OFFICERS
OF PARENT, AND EACH OF THEM INDIVIDUALLY, SUCH COMPANY SHAREHOLDER’S PROXY AND ATTORNEY-IN-FACT (WITH FULL POWER OF SUBSTITUTION),
FOR AND IN THE NAME, PLACE AND STEAD OF SUCH COMPANY SHAREHOLDER, TO REPRESENT, VOTE AND OTHERWISE ACT (BY VOTING AT ANY MEETING
OF SHAREHOLDERS OF THE COMPANY, BY WRITTEN CONSENT IN LIEU THEREOF OR OTHERWISE) WITH RESPECT TO THE VOTING SHARES OWNED OR HELD
BY SUCH COMPANY SHAREHOLDER REGARDING THE MATTERS REFERRED TO IN SECTION 1.2
HEREOF UNTIL THE TERMINATION OF THIS AGREEMENT, TO THE SAME EXTENT AND WITH THE SAME EFFECT AS SUCH COMPANY SHAREHOLDER MIGHT OR
COULD DO UNDER APPLICABLE LAW, RULES AND REGULATIONS. THE PROXY GRANTED PURSUANT TO THIS SECTION 1.3
IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE. EACH COMPANY SHAREHOLDER WILL TAKE SUCH FURTHER ACTION AND WILL EXECUTE SUCH
OTHER INSTRUMENTS AS MAY BE NECESSARY TO EFFECTUATE THE INTENT OF THIS PROXY. EACH COMPANY SHAREHOLDER HEREBY REVOKES ANY AND ALL
PREVIOUS PROXIES OR POWERS OF ATTORNEY GRANTED WITH RESPECT TO ANY OF THE VOTING SHARES THAT MAY HAVE HERETOFORE BEEN APPOINTED
OR GRANTED WITH RESPECT TO THE MATTERS REFERRED TO IN SECTION 1.2 HEREOF,
AND NO SUBSEQUENT PROXY (WHETHER REVOCABLE OR IRREVOCABLE) OR POWER OF ATTORNEY SHALL BE GIVEN BY SUCH COMPANY SHAREHOLDER, EXCEPT
AS REQUIRED BY ANY LETTER OF TRANSMITTAL IN CONNECTION WITH THE OFFER. NOTWITHSTANDING THE FOREGOING, THIS PROXY SHALL TERMINATE
UPON TERMINATION OF THIS AGREEMENT IN ACCORDANCE WITH ITS TERMS.

 

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Article
II

REPRESENTATIONS AND WARRANTIES OF EACH COMPANY SHAREHOLDER

 

Each Company Shareholder
hereby severally, and not jointly, represents and warrants to Parent and Merger Sub (as to such Company Shareholder) as follows:

 

Section
2.1            Authority; Binding Agreement.
If such Company Shareholder is not a natural Person, (a) such Company Shareholder is an entity duly organized, validly
existing and in good standing under the Laws of its jurisdiction of organization, (b) such Company Shareholder has the full
power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the
transactions contemplated hereby, and (c) the execution and delivery by such Company Shareholder of this Agreement, the
performance by such Company Shareholder of its obligations hereunder and the consummation by such Company Shareholder of the
transactions contemplated hereby have been duly and validly authorized by such Company Shareholder and (d) no other actions
or proceedings on the part of such Company Shareholder are necessary to authorize the execution, delivery or performance of
this Agreement or consummation of the transactions contemplated hereby. If such Company Shareholder is a natural Person, the
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within
his or her legal capacity and requisite powers, and if this Agreement is being executed in a representative or fiduciary
capacity, the Person signing this Agreement has full power and authority to execute, deliver and perform this Agreement. This
Agreement has been duly executed and delivered by such Company Shareholder, and, assuming the due authorization,
execution, and delivery of this Agreement by Parent and Merger Sub, constitutes a legal, valid and binding obligation of such
Company Shareholder, enforceable against such Company Shareholder in accordance with its terms, except to the extent that its
enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (regardless of whether enforcement is
sought in a proceeding at law or in equity).

 

Section
2.2            Consents and Approvals; No Violation.
Except as may be set forth in the Merger Agreement and the Company Disclosure Schedule issued by the Company in connection
therewith, no filing with, and no permit, authorization, consent, or approval of, any Governmental Authority is necessary for
the execution and delivery of this Agreement by such Company Shareholder, performance by such Company Shareholder of its obligations
hereunder and the consummation by such Company Shareholder of the transactions contemplated hereby. None of the execution and
delivery of this Agreement by such Company Shareholder, the performance by such Company Shareholder of its obligations hereunder
and the consummation by such Company Shareholder of the transactions contemplated hereby or compliance by such Company Shareholder
with any of the provisions of this Agreement shall (i) conflict with or result in any breach of any organizational documents,
if applicable, of such Company Shareholder, (ii) require the consent or approval of any Person or result in a violation or
breach of, or constitute (with or without notice or lapse of time, or both) a default (or an event which, with or without notice
or lapse of time, or both, would constitute a default) under or the loss of any benefit under, result in the termination of or
a right of termination or cancellation under, or acceleration of the performance required by, any of the terms, conditions, or
provisions of any Contract to which such Company Shareholder is a party or by which such Company Shareholder or any of such Company
Shareholder’s properties or assets may be bound or result in the creation of any Encumbrance, on any properties or assets
of the Company Shareholder, or (iii) subject to compliance with filing requirements as may be required under applicable securities
Laws, violate any Law applicable to such Company Shareholder or any of such Company Shareholder’s properties or assets,
except in each case under clauses (i), (ii) and (iii), where the absence of filing or authorization, conflict, violation,
breach, or default would not impair or adversely affect the ability of such Company Shareholder to perform such Company Shareholder’s
obligations hereunder.

 

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Section
2.3            Ownership of Subject Shares; Total Shares. Such Company Shareholder
is the record and beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of, and has valid title to, the Subject Shares,
free and clear of all Encumbrances of any nature whatsoever (including any restriction on the right to vote or otherwise transfer
such Subject Shares), except as set forth on Schedule A attached hereto
or provided hereunder and other than pursuant to any applicable restrictions on transfer under the Securities Act. As of the date
hereof, such Company Shareholder does not own, beneficially or otherwise, any shares of Company Common Stock or Subject Options
or other securities of the Company other than as set forth opposite such Company Shareholder’s name in Schedule
A hereto. 

 

Section
2.4            Voting Power. Such Company Shareholder has sole voting power (and
has not appointed or granted a proxy for such voting power) and sole power to issue instructions with respect to the matters set
forth in this Agreement, sole power of disposition, sole power of conversion, sole power to demand appraisal rights, and sole power
to agree to all of the matters set forth in this Agreement, in each case with respect to all of such Company Shareholder’s
Voting Shares, with no limitations, qualifications, or restrictions on such rights, except as set forth on Schedule A
attached hereto or provided hereunder and subject only to applicable securities Laws and the terms of this Agreement.

 

Section
2.5            No Broker’s or Finder’s Fees. Except as contemplated
by the Merger Agreement, no broker, investment banker, financial advisor, or other Person is entitled to any broker’s, finder’s,
financial advisor’s, or other similar fee or commission, or the reimbursement of expenses in connection with the transactions
contemplated by this Agreement based upon arrangements made by or, to the knowledge of the Company Shareholder, on behalf of such
Company Shareholder in such Company Shareholder’s individual capacity. 

 

Section
2.6            Absence of Litigation. As of the date hereof, there is no Action
pending against, or, to the knowledge of the Company Shareholder, threatened against, the Company Shareholder or any of its or
his properties or assets (including the Subject Shares and the Subject Options) that would reasonably be expected to impair the
ability of the Company Shareholder to perform its obligations hereunder or to consummate the transactions contemplated by this
Agreement on a timely basis. 

 

Section
2.7            Reliance by Parent and Merger Sub. Such Company Shareholder understands
and acknowledges that each of Parent and Merger Sub is entering into the Merger Agreement in reliance upon such Company Shareholder’s
execution, delivery and performance of this Agreement.

 

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Article
III

REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB

 

Parent and Merger Sub
hereby represent and warrant to the Company Shareholders as follows:

 

Section
3.1            Organization; Authority; Binding Agreement. Each of Parent and Merger
Sub is a corporation duly organized, validly existing, and in good standing under the Laws of the jurisdiction of its incorporation.
Each of Parent and Merger Sub has all necessary corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Parent
and Merger Sub of this Agreement, and the consummation by Parent and Merger Sub of the transactions contemplated hereby, have been
duly and validly authorized by all necessary action on the part of Parent and Merger Sub. This Agreement has been duly executed
and delivered by Parent and Purchaser and, assuming the due authorization, execution and delivery thereof by each of the Company
Shareholders, this Agreement constitutes a valid and legally binding agreement of Parent and Merger Sub enforceable against each
of them in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency,
reorganization, moratorium or similar Laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (regardless of whether enforcement is sought in a proceeding at law or in equity). 

 

Section
3.2            Consents and Approvals; No Violation. 

 

(a)         Except
as may be set forth in the Merger Agreement, no filing with, and no permit, authorization, consent, or approval of, any Governmental
Authority is necessary for the execution and delivery of this Agreement by each of Parent and Merger Sub, the performance by Parent
or Merger Sub of their obligations hereunder and the consummation by each of Parent and Merger Sub of the transactions contemplated
hereby. None of the execution and delivery of this Agreement by each of Parent and Merger Sub, the performance by Parent or Merger
Sub of their obligations hereunder and the consummation by each of Parent and Merger Sub of the transactions contemplated hereby
or compliance by each of Parent and Merger Sub with any of the provisions of this Agreement shall (i) conflict with or result
in any breach of any organizational documents of Parent or Merger Sub, (ii) require the consent or approval of any Person
or result in a violation or breach of, or constitute (with or without notice or lapse of time, or both) a default (or an event
which, with or without notice or lapse of time or both, would constitute a default) under or the loss of any benefit under, result
in the termination of or a right of termination or cancellation under, or acceleration of the performance required by, any of the
terms, conditions, or provisions of any Contract to which such Parent or Merger Sub is a party or by which Parent or Merger Sub
or any of their properties or assets may be bound or result in the creation of any Encumbrance, on any properties or assets of
the Parent or Merger Sub, or (iii) subject to compliance with filing requirements as may be required under applicable securities
Laws, violate any Law applicable to Parent or Merger Sub or any of such Parent or Merger Sub’s properties or assets, except
in each case under clauses (i), (ii) or (iii), where the absence of filing or authorization, conflict, violation, breach,
or default would not impair or adversely effect the ability of each of Parent and Merger Sub to perform its obligations hereunder.

 

    	6

    	 

    

 

Article
IV

COVENANTS OF EACH COMPANY SHAREHOLDER

 

Each Company Shareholder
hereby severally, and not jointly, covenants and agrees as follows:

 

Section
4.1            Restriction on Transfer, Proxies, and Non-Interference. Except as
contemplated by this Agreement or the Merger Agreement or as required by applicable Law, during the period beginning from the execution
and delivery by the parties of this Agreement through the termination of this Agreement in accordance with Section 5.1,
each Company Shareholder shall not directly or indirectly (a) offer for sale or redemption, sell, transfer, tender, pledge,
encumber, assign, or otherwise dispose of (each, a “Transfer”), or enter into any Contract with respect to the
Transfer of, any or all of such Company Shareholder’s Subject Shares or Subject Options or any other securities of the Company
to any Person (including any short sale with respect to such security, entering into or acquiring an offsetting derivative contract
with respect to such security, entering into or acquiring a futures or forward contract to deliver such security or entering into
any other hedging or other derivative transaction that has the effect of materially changing the economic benefits and risks of
ownership of such security), other than pursuant to the Merger Agreement or the Offer or in connection with the exercise of any
Subject Options (it being understood and agreed that any shares of Company Common Stock issued upon the exercise of Company Options
or deemed issued upon the vesting of any Company SARs or Company Restricted Shares shall be subject to the restrictions set forth
in this Section 4.1); (b) grant any proxies or powers of attorney,
or any other authorization or consent with respect to any or all of such Company Shareholder’s Subject Shares; (c) deposit
any of such Company Shareholder’s Subject Shares or Subject Options into a voting trust or enter into a voting agreement
with respect to any of such Company Shareholder’s Subject Shares or Subject Options, other than pursuant to this Agreement
or (d) take any action that would make or would reasonably be expected to make, any representation or warranty of such Company
Shareholder contained in this Agreement to be untrue or incorrect in any material respect (other than as a result of the Transfer
of any Subject Shares or Subject Options pursuant to the Merger Agreement or the Offer) if made by such Company Shareholder as
of any date in which this Agreement is in effect or that would reasonably be expected to have the effect of preventing or disabling
or delaying such Company Shareholder from performing such Company Shareholder’s obligations under this Agreement; provided,
however, that the actions described in Section 4.1(a)
and Section 4.1(c) shall be permitted to the extent such action is
the result of a donative transfer to any immediate family member of the Company Shareholder or a charitable organization or a trust
for the benefit of such Company Shareholder and such immediate family member, charitable organization or transferee agrees in writing
to be bound by the terms hereof. The Company Shareholder shall not, and shall not permit any Person under its control or on its
behalf or any of its or such Person’s respective Representatives to, seek or solicit any such Transfer or any such Contract.

 

Section
4.2            Stop Transfer; Changes in Subject Shares. Each Company Shareholder
agrees with, and covenants to, Parent and Merger Sub that (a) this Agreement and the obligations hereunder shall attach to
such Company Shareholder’s Subject Shares and Subject Options and shall be binding upon any person or entity to which legal
or beneficial ownership shall pass, whether by operation of law or otherwise, including, without limitation, such Company Shareholder’s
successors or assigns and (b) such Company Shareholder shall not request that the Company register the transfer (book-entry
or otherwise) of any certificate or uncertificated interest representing any or all of the Company Shareholder’s Subject
Shares or Subject Options, unless such transfer is made in compliance with this Agreement. Notwithstanding any Transfer of Subject
Shares or Subject Options, the transferor shall remain liable for the performance of all of the obligations of the applicable Company
Shareholder under this Agreement, except for any such Transfer pursuant to the Merger Agreement or the Offer.

 

    	7

    	 

    

 

Section
4.3            Appraisal Rights. Each Company Shareholder hereby waives any rights
of appraisal, dissenter’s rights or similar rights in connection with the Merger and the other Transactions that such Company
Shareholder may have under applicable Law, including but not limited to any right such Company Shareholder may have under Section
60.551 et seq of the OBCA. 

 

Section
4.4            Additional Securities. In the event any Company Shareholder becomes
the record or beneficial owner of (a) any shares of Company Common Stock or any other securities of the Company, (b) any
securities which may be converted into or exchanged or exercised for such shares or other securities of the Company or (c) any
securities issued in replacement of, or as a dividend or distribution on, or otherwise in respect of, such shares or other securities
of the Company (including as a result of any stock dividend, stock split, recapitalization, reclassification, subdivision, combination
or exchange of shares on, of or affecting the Subject Shares or the shares of Company Common Stock) (collectively, “Additional
Securities”), the terms of this Agreement shall apply to any of such Additional Securities as though owned by such Company
Shareholder on the date of this Agreement. 

 

Section
4.5            Shareholder and Optionholder Capacity. Each Company Shareholder enters
into this Agreement solely in its capacity as the record or beneficial owner of its Subject Shares and Subject Options. Nothing
contained in this Agreement shall limit the rights and obligations of any Company Shareholder, any of its Affiliates, Representatives
or any employee of any of its Affiliates in his or her capacity as a director or officer of the Company, and the agreements set
forth herein shall in no way restrict any director or officer of the Company in the exercise of his or her fiduciary duties as
a director or officer of the Company. 

 

Section
4.6            No Solicitation. During the term of this Agreement, each Company
Shareholder (solely in the Company Shareholder’s capacity as such) shall not, and shall not authorize or permit any Representative
to act on such Company Shareholder’s behalf in order to, directly or indirectly, engage in any conduct as to which the Company
is prohibited by Section 5.2 of the Merger Agreement; provided, however,
that nothing herein shall prevent Company Shareholder from acting in his or her capacity as an employee, officer or director of
the Company, or taking any action in such capacity (including at the direction of the board of directors of the Company), but only
in either such case as and to the extent permitted by Section 5.2 of the Merger Agreement.

 

Section
4.7            Notice of Certain Events. Each Company Shareholder agrees to promptly
notify Parent of any development occurring after the date hereof that causes, or that would reasonably be expected to cause, any
breach of any of the representations and warranties of such Company Shareholder set forth herein. 

 

    	8

    	 

    

 

Section
4.8            Disclosure. Each Company Shareholder (a) consents to and authorizes
the Parent, Merger Sub and its affiliates to publish and disclose each Company Shareholder’s identity and ownership of the
Subject Shares and Subject Options and the nature of its commitments, arrangements and understandings under this Agreement in any
announcement or disclosure filed or required by the SEC or other Governmental Authority, the Offer Documents, or any press release
or other disclosure document that Parent determines to be necessary in connection with the Offer, the Merger or any of the other
transactions contemplated by the Merger Agreement or this Agreement, and (b) agrees promptly to give to Parent any information
it may reasonably require for the preparation of any such disclosure documents. Each Company Shareholder agrees to promptly notify
Parent of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure
document, if and to the extent that any shall have become false or misleading in any material respect. Without the prior written
consent of Parent, each Company Shareholder shall refrain from making any public announcement relating to this Agreement, the Merger
Agreement or the Transactions contemplated by the Merger Agreement (including the Offer and the Merger). 

  

Section
4.9            Street Name Subject Shares. Each Company Shareholder agrees to deliver
a letter to each financial intermediary or other Person through which such Company Shareholder holds Subject Shares that informs
such Person of the Company Shareholder’s obligations under this Agreement and that informs such Person that such Person may
not act in disregard of such obligations without the prior written consent of Parent. 

 

Section
4.10           Further Assurances. Subject to the terms and conditions of this
Agreement, each Company Shareholder shall take, or cause to be taken, all actions, and do, or cause to be done, all things necessary
to fulfill such Company Shareholder’s obligations under this Agreement. 

 

Article
V

TERMINATION

 

Section
5.1            Termination. This Agreement and the covenants and agreements set
forth in this Agreement shall terminate automatically (without any further action of the parties) upon the earliest to occur of
(a) the termination of the Merger Agreement in accordance with its terms, (b) the termination or expiration of the Offer,
without any Subject Shares being accepted for payment thereunder, (c) the Effective Time, and (d) the amendment of the
terms of the Offer or the Merger Agreement to reduce the Offer Price, change the form of consideration to be paid for the Company
Common Stock or change any other material term of the Merger Agreement or the Offer in a manner that is materially adverse to the
Company Shareholders. In the event of termination of this Agreement pursuant to this Section 5.1,
this Agreement shall become void and of no effect with no liability on the part of any party; provided, that, no such termination
shall relieve any party from liability for any breach hereof prior to such termination, and this Section 5.1
and Article VI shall survive any such termination.

 

    	9

    	 

    

 

Article
VI

MISCELLANEOUS 

 

Section
6.1            Notices. All notices, requests, claims, demands, waivers and other
communications hereunder shall be in writing and shall be delivered personally, facsimiled (with electronic confirmation), mailed
by certified or registered mail (postage prepaid, return receipt requested), sent by an internationally recognized overnight courier
service (providing proof of delivery) or by email transmission (with copies by overnight courier service or registered mail) to
the parties at the following addresses (or at such other address for a party as shall be specified by like notice) and shall be
effective and deemed to have been given (a) immediately when sent by facsimile or email between 9:00 A.M. and 6:00 P.M. in
the place of receipt on any Business Day (and when sent outside of such hours, at 9:00 A.M. (in the place of receipt) on the next
Business Day), and (ii) when received if delivered personally or overnight courier service or certified or registered mail on any
Business Day:

 

If to the Company Shareholders: To such Company
Shareholder’s address, facsimile number or e-mail address set forth on such signature page hereto.

 

If to Parent or Merger Sub, to:

 

Toyota Industries Corporation

Legal Department

2-1 Toyoda-cho, Kariya-shi

Aichi, 448-8671, Japan

Facsimile No.: +81 566 27 5656

	Attention:	Hirotoshi Nakamura
	Email:	hirotoshi.nakamura@mail.toyota-shokki.co.jp

 

with a copy to (which copy shall not constitute
notice or service of process):

 

White & Case LLP

1155 Avenue of the Americas

New York, New York 10036

Facsimile No.: (212) 354-8113

	Attention:	John M. Reiss, Esq.
	Email:	jreiss@whitecase.com

 

Section
6.2            Counterparts. This Agreement may be executed in any number of counterparts
(including via facsimile or electronic transmission), all of which shall be considered one and the same agreement and each of which
shall be deemed to be an original, and shall become effective when counterparts have been signed by each of the parties hereto
and delivered to the other parties

 

Section
6.3            Entire Agreement; No Third-Party Beneficiaries. This Agreement (a)
constitutes the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the parties
with respect to the subject matter of this Agreement; (b) is not intended, and shall not be deemed, to confer upon any Person other
than the parties hereto and their respective successors and permitted assigns any rights, benefits or remedies under this Agreement.

 

Section
6.4            Governing Law. This Agreement and any dispute arising out of, relating
to or in connection with this Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware,
without giving effect to any choice or conflict of Law provision or rule (whether of the State of Oregon or of any other jurisdiction)
that would cause the application of the Laws of any jurisdiction other than the State of Delaware.

 

    	10

    	 

    

 

Section
6.5            Assignment. Neither this Agreement nor any of the rights, interests
or obligations hereunder shall be assigned, in whole or in part, by operation of Law or otherwise by any of the parties without
the prior written consent of the other parties and any attempt to make any such assignment without such consent shall be null and
void, except that Merger Sub may assign any of or all its rights, interests and obligations under this Agreement to any direct
or indirect wholly owned Subsidiary of Parent or to any Affiliate of which Merger Sub is a wholly-owned Subsidiary, but no such
assignment shall relieve Merger Sub of any of its obligations hereunder. Subject to the preceding sentence, this Agreement will
be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.

 

Section
6.6            Enforcement of the Agreement; Consent to Jurisdiction. The parties
agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached or threatened to be breached and that an award of money damages would be inadequate
in such event. It is accordingly agreed that the parties shall be entitled to equitable relief, without proof of actual damages,
including an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions
of this Agreement, this being in addition to any other remedy to which they are entitled at Law or in equity. The parties further
agree to waive any requirement for the securing or posting of any bond in connection with the obtaining of any such injunctive
or other equitable relief. In addition, each of the parties hereto irrevocably (a) consents to submit itself to the personal jurisdiction
of the Court of Chancery of the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a
particular matter, any federal court located in the State of Delaware) with respect to any dispute arising out of, relating to,
or in connection with this Agreement or the Transactions contemplated by this Agreement, (b) agrees that it will not attempt to
deny or defeat such personal jurisdiction by motion or other request for leave from any such court and (c) agrees that it will
not bring any Action arising out of, relating to or in connection with this Agreement or the Transactions in any court other than
the Court of Chancery of the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular
matter, any federal court located in the State of Delaware). The parties irrevocably and unconditionally waive any objection to
the laying of venue of any Action arising out of this Agreement or the Transactions in the Court of Chancery of the State of Delaware
(or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any federal court located in the
State of Delaware), and hereby further irrevocably and unconditionally waive and agree not to assert by way of motion, defense
or otherwise in any such court that (i) such party is not personally subject to the jurisdiction of the above-named courts for
any reason other than the failure to lawfully serve process, (ii) such party or its property is exempt or immune from jurisdiction
of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment or otherwise), (iii) any such Action brought in any such court
has been brought in an inconvenient forum, (iv) that the venue of the such Action is improper, or (v) that this Agreement or the
Transactions contemplated by this Agreement may not be enforced in or by such courts. The consents to jurisdiction set forth in
this Section 6.6 shall not constitute general consents to service of process in the jurisdictions specified above and shall have
no effect for any purpose except as provided in this Section 6.6 and shall not be deemed to confer rights on any Person other than
the parties hereto. Each of the Parent, Merger Sub and each Company Shareholder hereby agrees that in addition to any other legally
permissible means of service, service of any process, summons, notice or document by U.S. registered mail to the respective addresses
set forth in Section 6.1 shall be effective service of process for any proceeding
arising out of, relating to or in connection with this Agreement or the Transactions, including the Merger.

 

    	11

    	 

    

 

Section
6.7            WAIVER OF JURY TRIAL. EACH OF PARENT, MERGER SUB AND THE COMPANY
SHAREHOLDERS HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF PARENT, MERGER SUB OR THE COMPANY SHAREHOLDERS
IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. 

 

Section
6.8            Amendments, Waivers, etc. Neither this Agreement nor any term hereof
may be amended other than by an instrument in writing signed by Parent, Merger Sub and the Company Shareholders. No provision of
this Agreement may be waived, discharged or terminated other than by an instrument in writing signed by the party against whom
the enforcement of such waiver, discharge or termination is sought, except that this Agreement may be terminated as set forth in
Section 5.1. 

 

Section
6.9            Expenses. Except as otherwise provided herein, all costs and expenses
incurred in connection with the transactions contemplated by this Agreement shall be paid by the party incurring such costs and
expenses.

 

Section
6.10          Remedies. No failure or delay by any party in exercising any right,
power or privilege under this Agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude
any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies provided
herein shall be cumulative and not exclusive of any rights or remedies provided by Law. 

 

Section
6.11          Severability. If any term or other provision of this Agreement,
or the application thereof, becomes or is invalid, illegal or incapable of being enforced by any rule of law or public policy,
all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect for so long as the economic
or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party hereto.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby
are fulfilled to the extent possible.

 

    	12

    	 

    

 

Section
6.12           Section Headings. The article and section headings used in this
Agreement are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation
of this Agreement. 

 

Section
6.13           Interpretation. The words “hereof,”
“herein,” “hereby,” “herewith” and words of similar import shall be construed to refer to
this Agreement as a whole and not to any particular provision of this Agreement, and this “Agreement” or any other
agreement or document shall be construed as a reference to this Agreement or, as the case may be, such other agreement or document
as the same may have been, or may from time to time be, amended, varied, novated or supplemented. Article, section and schedule
references are to the articles, sections and schedules of this Agreement unless otherwise specified, are inserted for convenience
only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement.
Whenever the words “include,” “includes” or “including” are used in this Agreement they shall
be deemed to be followed by the words “without limitation”. The words describing the singular number shall include
the plural and vice versa, words denoting either gender shall include both genders and words denoting natural persons shall include
all persons and vice versa. The phrases “the date of this Agreement,” “the date hereof,” and terms of
similar import, shall be deemed to refer to the date set forth in the preamble to this Agreement. Any reference to “$”,
without more are to the lawful currency of United States of America. Any reference in this Agreement to a number of days shall
refer to calendar days unless Business Days are specified, and whenever any action must be taken under this Agreement on or by
a day that is not a Business Day, then that action may be validly taken on or by the next day that is a Business Day. Any reference
to a date or time shall be deemed to be such date or time in the Pacific time zone, unless otherwise specified. The phrases “delivered”
or “made available” shall mean that the information referred to has been physically or electronically delivered to
the relevant parties. Any reference to “writing” or comparable expressions include a reference to facsimile transmission
or comparable means of communication (including email, provided, that the sender complies with the provisions of Section 6.1 hereof).
The parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption
or burden of proof shall arise favoring or disfavoring any Person by virtue of the authorship of any provision of this Agreement.

 

[SIGNATURE PAGES FOLLOW]

 

    	13

    	 

    

 

IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed to be effective as of the date first above written.

 

	 	PARENT:
	 	 
	 	TOYOTA INDUSTRIES
	 	CORPORATION
	 	 
	 	By:	  /s/ Tetsuro Toyoda
	 	 	Name:	Tetsuro Toyoda
	 	 	Title:	President
	 	 	 
	 	MERGER SUB:
	 	 
	 	
        INDUSTRIAL COMPONENTS AND 

        ATTACHMENTS II, INC.

	 	 	 
	 	By:	  /s/ Kyoichi Maruyama
	 	 	Name:	Kyoichi Maruyama
	 	 	Title:	President

 

[Signature Page to Tender and Voting
Agreement]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned
have caused this Agreement to be executed to be effective as of the date first above written.

 

	 	COMPANY SHAREHOLDERS:
	 	 
	 	/s/ Robert C. Warren, Jr.
	 	Robert C. Warren, Jr.
	 	 	 
	 	 	Address for notices:
	 	 	P.O. Box 20187
	 	 	Portland, OR  97294-0187
	 	 	 
	 	WARREN HOLDINGS, LLC
	 	 	 
	 	 	By:	/s/ Robert C. Warren, Jr.
	 	 	 	Name:	Robert C. Warren, Jr.
	 	 	 	Title:	Manager
	 	 	 
	 	 	By:	/s/ Wendy Warren
	 	 	 	Name:	Wendy Warren
	 	 	 	Title:	Manager
	 	 	 
	 	 	Address for notices:
	 	 	82 Swigert Road
	 	 	Washougal, WA  98671

 

[Signature Page to Tender and Voting
Agreement]

 

    	 

    	 

    

 

 Schedule A

 

Company Shareholders

  

	Company Shareholder	 	Subject Shares	 	 	Subject Options	 
	 	 	 	 	 	 	 	 	 
	Warren Holdings, LLC	 	 	1,465,866	1	 	 	-0-	 
	 	 	 	 	 	 	 	 	 
	Robert C. Warren, Jr.	 	 	101,861	2	 	 	298,587	3

 

 

1 Voting and investment power with respect to these
Subject Shares is shared by Robert C. Warren, Jr. and Wendy Warren, the managers of Warren Holdings, LLC.

2 Excludes 91 shares held in a 401(k) plan for the
benefit of Mr. Warren, 1,200 shares owned by Mr. Warren’s spouse (as to which Mr. Warren disclaims beneficial ownership),
and all Subject Options.

3 Consists of 22,498 unvested Company Restricted
Shares, 76,900 Company Options, and 199,189 Company SARs.

 

[Signature Page to Tender and Voting
Agreement]

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