Document:

EXHIBIT 10.2

 

FIRST
AMENDMENT TO CONTRIBUTION AGREEMENT

 

THIS FIRST AMENDMENT TO CONTRIBUTION
AGREEMENT (this “Amendment”) is made as of August 13, 2009 (the “Effective
Date”) by and between YSI VENTURE LP LLC,
a Delaware limited liability company (“Operator LP”), and HART — YSI INVESTOR LP LLC, a Delaware
limited liability company (“Investor LP”).

 

RECITALS

 

A.                                   On August 6,
2009, Operator LP and Investor LP entered into that certain Contribution
Agreement (the “Contribution Agreement”) pursuant to which a joint
venture would be formed to own certain real estate.  Capitalized terms used herein, but not
defined in this Amendment, shall have the meanings given to such terms in the
Contribution Agreement.

 

B.                                  Operator LP and
Investor LP now wish to modify certain terms and provisions of the Contribution
Agreement on the terms set forth in this Amendment.

 

In consideration of the
foregoing statements and the mutual agreements herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree, each intending to be legally bound, as
follows:

 

1.                                       Amendment to Section 7.4(a).  Section 7.4(a) of the
Agreement is hereby modified to add an additional subsection (vii) as
follows:

 

“(vii)                 arising from or in connection with any claim
or proceeding against the Investor LP, Investor GP or the Company by a
bankruptcy trustee or other third party in, or in connection with, a
bankruptcy, insolvency or other creditors’ rights action or proceeding in which
U-Store-It Trust, a Maryland real estate investment trust, YSI LP, Operator LP,
Operator GP or any of their Affiliates is a debtor, the result of which causes
the Company to lose any right, title or interest in all or any of the Locations,
or any of its other assets; provided, however, to the extent that the Company
actually recovers any of such loss from the applicable title company as a
result of title insurance coverage under the Company’s title insurance
policies, the amount of such recovery shall reduce the amount of the loss
covered under the indemnity provisions of this subsection (vii); and if
Operator LP has already reimbursed the Company for such loss, then the Company
shall refund to Operator LP the amount of such reimbursement to the extent of
such recovery under the Company’s title insurance policies.”

 

The other portions of Section 7.4(a) contained
in the Contribution Agreement shall otherwise remain unchanged and in full
force and effect.

 

2.                                       Amendment of
Agreements at Second Closing Date.  If a Closing shall occur on the Second
Closing Date pursuant to the terms of the Contribution Agreement, then Investor
LP and Operator LP agree that the New Management Agreement and the New Services
Agreement shall be amended as of the Second Closing Date so as to include all
additional Locations which are contributed to the Company as of the Second
Closing Date within the terms of said agreements.

 

 

3.                                       Amendments
Regarding Vehicles.   Investor
LP and Operator LP hereby acknowledge that, notwithstanding the provisions of Section 1.3(d) and
Section 4.7 of the Contribution Agreement, the Vehicles will not be
transferred to the Company.  Rather, the
New Management Agreement will contain provisions (acceptable to Investor LP and
Operator LP) requiring that the Property Manager coordinate the availability of
Vehicles at the Locations in the ordinary course of the operation of the
Locations (it being agreed that the Vehicles will be also available to
non-Company facilities operated by YSI LP (or its Affiliates on a non-discriminatory
basis).  In that regard:

 

(a)                                  Section 1.3(d) of the
Contribution Agreement is hereby amended to strike therefrom the words “including
trucks and/or vehicles located at each Location (“Vehicles”)”; and

 

(b)                                 Section 4.7 is hereby
stricken from the Contribution Agreement.

 

4.                                       Certain
Typographical Corrections.  The
following provisions of the Contribution Agreement are hereby amended to
correct typographical errors therein:

 

(a)                               The words “With
respect to Material Objections” contained at the beginning of the fourth
sentence of Section 3.2(c) of the Contribution Agreement shall
be replaced with the words “With respect to any Title Defects”; and

 

(b)                              The references
to “Investor LP” and “Investor GP” in subsection (j) of Section 3.5
of the Contribution Agreement shall be replaced with references to “Operator LP”
and “Operator GP”.

 

5.                                       Modification of
Exhibit C and Exhibit D.  Investor LP and Operator LP acknowledge that EXHIBIT D incorrectly identified
Location #702 (4309 Ehrlich Road, Tampa FL) as a Tranche II Location and that
such is actually a Tranche I Location. 
As such, the REVISED EXHIBIT C
and REVISED EXHIBIT D
attached to this Amendment are substituted in the place and stead of EXHIBIT C and EXHIBIT D originally attached to the
Contribution Agreement.

 

6.                                       Miscellaneous. Except as
expressly amended hereby, the Contribution Agreement shall remain unmodified
and in full force and effect.  This
Amendment may be executed in counterparts and may be executed by facsimile or
electronic transmission of signatures by the parties and such facsimile or
electronic signatures shall be valid and binding for all purposes.

 

[Signature Pages Follow
as S-1 and S-2]

 

2

 

IN WITNESS WHEREOF, each of
the parties hereto has executed this Amendment as of the Effective Date.

 

	
   

  	
  OPERATOR
  LP:

  
	
   

  	
   

  
	
   

  	
  YSI
  VENTURE LP LLC, a Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jeffrey P. Foster

  
	
   

  	
  Name:

  	
  Jeffrey
  P. Foster

  
	
   

  	
  Title:

  	
  Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INVESTOR
  LP:

  
	
   

  	
   

  	
   

  
	
   

  	
  HART
  — YSI INVESTOR LP LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  HEITMAN
  AMERICA REAL ESTATE HOLDING, L.P., a Delaware limited liability company, its
  sole member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  HEITMAN
  AMERICA REAL ESTATE HOLDING GP, LLC, a Delaware limited liability company,
  its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  HEITMAN
  AMERICA REAL ESTATE REIT LLC, a Delaware limited liability company, its
  managing member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  HEITMAN
  AMERICA REAL ESTATE TRUST, L.P., a Delaware limited partnership, its managing
  member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  HEITMAN
  AMERICA REAL ESTATE TRUST, LLC, a Delaware limited liability company, its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  David Perisho

  
	
   

  	
   

  	
  Name:

  	
  David
  Perisho

  
	
   

  	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

S-1

 

JOINDER AND AGREEMENT OF YSI LP AND AFFILIATE OWNERS

 

By
executing below, the undersigned hereby joins in this First Amendment to Contribution
Agreement for the sole and limited purpose of: (a) consenting to and
acknowledging the amendments to the Contribution Agreement effectuated thereby;
and (b) reaffirming any obligations of the undersigned which arise under
the terms of the Contribution Agreement and acknowledging that such obligations
are not released or impaired by virtue of the Amendment.

 

	
   

  	
  U-STORE-IT, L.P., a Delaware limited partnership

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  U-STORE-IT TRUST, a
  Maryland real estate investment trust, its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey P. Foster

  
	
   

  	
  Name:

  	
  Jeffrey P. Foster

  
	
   

  	
  Title:

  	
  Senior Vice President,
  Chief

  
	
   

  	
   

  	
  Legal Officer and
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  YSI III LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey P. Foster

  
	
   

  	
  Name:

  	
  Jeffrey P. Foster

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  USI II, LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey P. Foster

  
	
   

  	
  Name:

  	
  Jeffrey P. Foster

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ACQUIPORT/AMSDELL III, LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  U-Store-It, L.P., a
  Delaware limited partnership,

  
	
   

  	
   

  	
  its sole manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  U-Store-It Trust, a
  Maryland real estate

  
	
   

  	
   

  	
   

  	
  investment trust, its
  general partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jeffrey P. Foster

  
	
   

  	
   

  	
  Name:

  	
  Jeffrey P. Foster

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President,
  Chief

  
	
   

  	
   

  	
   

  	
  Legal Officer and
  Secretary

  

 

S-2

 

REVISED EXHIBIT C

LIST OF TRANCHE I LOCATION OWNERS

 

	
  ID

  	
   

  	
  Location Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Owner

  
	
  272

  	
   

  	
  536
  N. Power Road

  	
   

  	
  Mesa

  	
   

  	
  AZ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  273

  	
   

  	
  3026
  S Country Club Rd

  	
   

  	
  Mesa

  	
   

  	
  AZ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  274

  	
   

  	
  909
  S Country Club Dr

  	
   

  	
  Mesa

  	
   

  	
  AZ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  201

  	
   

  	
  480
  S Arizona Ave

  	
   

  	
  Chandler

  	
   

  	
  AZ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  759

  	
   

  	
  3101
  Valley Avenue

  	
   

  	
  Pleasanton

  	
   

  	
  CA

  	
   

  	
  U-STORE-IT, L.P.

  
	
  371

  	
   

  	
  1238
  W Baseline Rd

  	
   

  	
  Rialto

  	
   

  	
  CA

  	
   

  	
  ACQUIPORT/AMSDELL III, LLC

  
	
  336

  	
   

  	
  44618
  Pechanga Pkwy

  	
   

  	
  Temecula

  	
   

  	
  CA

  	
   

  	
  ACQUIPORT/AMSDELL III, LLC

  
	
  316

  	
   

  	
  282
  Chapel Rd

  	
   

  	
  S.
  Windsor

  	
   

  	
  CT

  	
   

  	
  USI II, LLC

  
	
  370

  	
   

  	
  171
  Cedar St

  	
   

  	
  Branford

  	
   

  	
  CT

  	
   

  	
  ACQUIPORT/AMSDELL III, LLC

  
	
  710

  	
   

  	
  8121
  Point Meadows Drive

  	
   

  	
  Jacksonville

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  
	
  640

  	
   

  	
  1402
  E Bearss Ave

  	
   

  	
  Lutz

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  
	
  573

  	
   

  	
  7501
  S Dixie Hwy

  	
   

  	
  W.
  Palm Beach

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  
	
  311

  	
   

  	
  60
  Littell Rd

  	
   

  	
  E.
  Hanover

  	
   

  	
  NJ

  	
   

  	
  USI II, LLC

  
	
  727

  	
   

  	
  343
  W Grand St

  	
   

  	
  Elizabeth

  	
   

  	
  NJ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  310

  	
   

  	
  23711
  Miles Rd

  	
   

  	
  Warrenville

  	
   

  	
  OH

  	
   

  	
  USI II, LLC

  
	
  645

  	
   

  	
  5440
  S Marginal Rd

  	
   

  	
  Cleveland

  	
   

  	
  OH

  	
   

  	
  U-STORE-IT, L.P.

  
	
  764

  	
   

  	
  1058
  Murfreesboro Rd.

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  U-STORE-IT, L.P.

  
	
  765

  	
   

  	
  1202
  Antioch Pike

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  U-STORE-IT, L.P.

  
	
  766

  	
   

  	
  2825
  Lebanon Pike

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  U-STORE-IT, L.P.

  
	
  748

  	
   

  	
  12006
  RR 620N

  	
   

  	
  Austin

  	
   

  	
  TX

  	
   

  	
  U-STORE-IT, L.P.

  
	
  751

  	
   

  	
  610
  E. Stassney Lane

  	
   

  	
  Austin

  	
   

  	
  TX

  	
   

  	
  U-STORE-IT, L.P.

  
	
  702

  	
   

  	
  4309
  Ehrlich Road

  	
   

  	
  Tampa

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  

 

C-1

 

REVISED EXHIBIT D

 

LIST OF TRANCHE II LOCATION OWNERS

 

	
  ID

  	
   

  	
  Location Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Owner

  
	
  275

  	
   

  	
  1844
  N. 43rd Avenue

  	
   

  	
  Phoenix

  	
   

  	
  AZ

  	
   

  	
  U-STORE-IT, L.P.

  
	
  574

  	
   

  	
  2010
  NE 7th Ave

  	
   

  	
  Dania
  Beach

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  
	
  304

  	
   

  	
  4080
  Anglers Ave

  	
   

  	
  Dania

  	
   

  	
  FL

  	
   

  	
  U-STORE-IT, L.P.

  
	
  698

  	
   

  	
  3495
  Lawrenceville Suwanee

  	
   

  	
  Suwanee

  	
   

  	
  GA

  	
   

  	
  U-STORE-IT, L.P.

  
	
  610

  	
   

  	
  20825
  S Rand Rd

  	
   

  	
  Kildeer

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  620

  	
   

  	
  143
  W 61st St

  	
   

  	
  Westmont

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  608

  	
   

  	
  16731
  S Halsted

  	
   

  	
  Harvey

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  605

  	
   

  	
  1750
  Busse Rd

  	
   

  	
  Elk
  Grove Village

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  611

  	
   

  	
  1245
  S Highland Ave

  	
   

  	
  Lombard

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  614

  	
   

  	
  3301
  W Buckley Rd

  	
   

  	
  N.
  Chicago

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  618

  	
   

  	
  665
  S Greenbay Rd

  	
   

  	
  Waukegan

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  613

  	
   

  	
  1080
  S Butterfield Rd

  	
   

  	
  Mundelein

  	
   

  	
  IL

  	
   

  	
  YSI III LLC

  
	
  627

  	
   

  	
  9685
  Fall Creek Rd

  	
   

  	
  Indianapolis

  	
   

  	
  IN

  	
   

  	
  YSI III LLC

  
	
  629

  	
   

  	
  8270
  Michigan Rd

  	
   

  	
  Indianapolis

  	
   

  	
  IN

  	
   

  	
  YSI III LLC

  
	
  570

  	
   

  	
  22465
  Indian Bridge Rd

  	
   

  	
  California

  	
   

  	
  MD

  	
   

  	
  U-STORE-IT, L.P.

  
	
  293

  	
   

  	
  7370
  W. Cheyenne Avenue

  	
   

  	
  Las
  Vegas

  	
   

  	
  NV

  	
   

  	
  U-STORE-IT, L.P.

  
	
  292

  	
   

  	
  2645
  S. Nellis Blvd.

  	
   

  	
  Las
  Vegas

  	
   

  	
  NV

  	
   

  	
  U-STORE-IT, L.P.

  
	
  778

  	
   

  	
  6446
  East Main St

  	
   

  	
  Reynoldsburg

  	
   

  	
  OH

  	
   

  	
  U-STORE-IT, L.P.

  
	
  740

  	
   

  	
  6017
  Interstate 30

  	
   

  	
  Greenville

  	
   

  	
  TX

  	
   

  	
  U-STORE-IT, L.P.

  
	
  743

  	
   

  	
  8123
  Wesley Street

  	
   

  	
  Greenville

  	
   

  	
  TX

  	
   

  	
  U-STORE-IT, L.P.

  

 

D-1Exhibit 10.1

 

ServiceMaster Global Holdings, Inc.

The ServiceMaster Company

860 Ridge Lake Boulevard

Memphis, Tennessee 38120

 

[·], 2009

 

[Consultant name]

[address]

 

Ladies and Gentlemen:

 

Since the 2007 acquisition of The
ServiceMaster Company (the “Company”) by a wholly-owned subsidiary of
ServiceMaster Global Holdings, Inc. (“Parent”), you and the other
equity sponsors of that acquisition have received regular reports and
participated in numerous monthly operating review meetings regarding the
business, operations and financial condition of the Parent, the Company and its
and their subsidiaries (the “Company Group”) in order to enable you to
provide oversight and input as to the performance of the Company Group.  The Company has concluded that, in light of
the scope and extent of the on-going management and consulting services being
provided by [Consultant name] (“you” or “Consultant”),
it would be appropriate to compensate you for those services on the terms and
subject to conditions that follow:

 

1.                                       The Company has
retained you, and you hereby agree to accept such retention, to provide to the
Company Group, when and if called upon, management and consulting services in
the form of making available one of your employees to serve as a member of, or
observer to, the Board of Directors of Parent and/or the Company and to
participate in periodic operating reviews conducted with senior management of
the Company Group (the “Consulting Services”) and such other ancillary
advice as may be reasonably requested by the Company Group.  As compensation for the Consulting Services,
commencing on the date hereof, the Company agrees to pay you a fee (the “Consulting
Fee”) as follows: (i) $[·(1)] within five
business days of your returning to the Company a countersigned copy of this
agreement, and $[·(2)] on October 1,
2009, for the calendar year 2009, and (ii) $[·(3)] per year thereafter, one quarter of which shall
be payable quarterly in advance on the first day of each January, April, July and
October, beginning on January 1, 2010.

 

2.                                       The Company
will, and will cause each member of the Company Group to, use its commercially reasonable
efforts to furnish, or to cause their respective subsidiaries and agents to
furnish, Consultant with such information (the “Information”) as may be
reasonably needed in order for the Consultant to fulfill its engagement hereunder.  The Company acknowledges and 

 

(1)               $375,000 in the case of BAS and
Citigroup; $187,500 in the case of JPMorgan.

 

(2)               $125,000 in the case of BAS and
Citigroup; $62,500 in the case of JPMorgan.

 

(3)               $500,000 in the case of BAS and
Citigroup; $250,000 in the case of JPMorgan.

 

 

agrees
that (a) Consultant will rely on the Information and on information
available from generally recognized public sources in performing the Consulting
Services and the services contemplated by paragraph 1 and (b) Consultant
does not assume responsibility for the accuracy or completeness of the
Information and such other information.

 

3.                                       Consultant
acknowledges that, concurrently with the execution of this agreement, the Company
is entering into substantially similar agreements with [·] and [·] and that the
Company has previously entered into a Consulting Agreement, dated as of July 24,
2007 (as the same may be amended from time to time, the “CD&R Consulting
Agreement”), with Clayton, Dubilier & Rice, Inc. (collectively,
the “Other Consultants”), pursuant to which the Other Consultants are to
provide consulting services to the Company Group.  The Consultant will coordinate with the Other
Consultants in connection with its provision of such services to the Company
Group, provided that Consultant shall not be liable to any member of the
Company Group as a result of any such services provided, or the failure to
provide such services, by the Other Consultants.

 

4.                                       Parent and the Company (on behalf of
itself and the other members of the Company Group) hereby acknowledge and agree
that the services provided by Consultant hereunder are being provided subject
to the terms of this agreement (including, without limitation, paragraph 10)
and that Consultant shall be entitled to the benefits of the Indemnification
Agreement, dated as of the July 24, 2007, among Parent, the Company,
Consultant and certain of its affiliates (as the same may be amended from time
to time, the “Indemnification Agreement”) with respect to the services
provided by Consultant hereunder to the same extent as is provided for in the
Indemnification Agreement with respect to the Initial Services (as defined in
the Indemnification Agreement).

 

5.                                       You shall act as an independent
contractor, with duties solely to the Company Group.  The provisions hereof shall inure to the
benefit of and shall be binding upon the parties hereto and their respective
successors and assigns.  Nothing in this
agreement, expressed or implied, is intended to confer on any person other than
the parties hereto or their respective successors and assigns, any rights or
remedies under or by reason of this agreement. 
Without limiting the generality of the foregoing, the parties
acknowledge that nothing in this agreement, expressed or implied, is intended
to confer on any present or future holders of any securities of the Parent or
its subsidiaries or affiliates, or any present or future creditor of the Parent
or its subsidiaries or affiliates, any rights or remedies under or by reason of
this agreement or any performance hereunder.

 

6.                                       THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS TO THE EXTENT THAT SUCH
PRINCIPLES WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION.  Each of the parties hereto
irrevocably and unconditionally (a) agrees that any legal suit,
action or proceeding brought by any party hereto arising out of or based upon
this agreement or the transactions contemplated hereby may be brought in any
court of the State of New York or Federal District Court for the Southern
District of New York located in the City, County and State of New York (each, a
“New York Court”), (b) waives, to the fullest extent that it
may effectively do so, any objection that it may now or hereafter have to the
laying of venue of any such proceeding brought in a New York Court, and any
claim that any such 

 

2

 

action or proceeding brought in a New York Court has been brought in an
inconvenient forum, (c) submits to the exclusive jurisdiction of
any New York Court in any suit, action or proceeding and (d) ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS
LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE HEREBY WAIVES
ANY RIGHT THAT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT,
OR THE BREACH, TERMINATION OR VALIDITY OF THIS AGREEMENT.  With respect to clause (d) of the
immediately preceding sentence, each of the parties hereto acknowledges and
certifies that (i) no representative, agent or attorney of any
other party has represented, expressly or otherwise, that such other party
would not, in the event of litigation, seek to enforce the waiver contained
therein, (ii) it understands and has considered the implications of
such waiver, (iii) it makes such waiver voluntarily and (iv) it
has been induced to enter into this agreement by, among other things, the
mutual waivers and certifications contained in this paragraph 6.

 

7.                                       All notices and other communications to be
given to any party hereunder shall be sufficiently given for all purposes
hereunder if in writing and delivered by hand, courier or overnight delivery
service, or three days after being mailed by certified or registered mail,
return receipt requested, with appropriate postage prepaid, or when received in
the form of a facsimile (receipt confirmation requested), and shall be directed
to the address set forth below (or at such other address or facsimile number as
such party shall designate by like notice):

 

If to Parent or
the Company:

 

The ServiceMaster Company

860 Ridge Lake Boulevard

Memphis, Tennessee 38120

Attention:  
General Counsel

Facsimile:   (901)
597-8025

 

with a copy to:

 

Clayton, Dubilier & Rice, Inc.

375 Park Avenue

18th Floor

New York, New York 
10152

Attention: Theresa Gore

Facsimile: 
(212) 407-5252

 

if to Consultant,
at the address set forth below its signature.

 

8.                                       This agreement shall continue in effect until
June 30, 2016 or the earlier termination of the CD&R Consulting
Agreement, and may be earlier terminated by Consultant on 30 days’ prior
written notice to the Company.  The
provisions of this agreement shall survive any termination hereof, provided
that, notwithstanding the foregoing, paragraph 1 shall survive any termination
solely as to any portion of any Consulting Fee not paid or reimbursed prior to
such termination.

 

3

 

9.                                       Except in cases of gross negligence or
willful misconduct, Consultant, its affiliates and any of its and their respective
employees, officers, directors, partners, consultants, members or stockholders shall
have no liability of any kind whatsoever to any member of the Company Group for
any damages, losses or expenses (including, without limitation, interest,
penalties and fees and disbursements of attorneys, accountants, investment
bankers and other professional advisors) with respect to the provision of
services hereunder.  In no event shall
Consultant, its affiliates and any of its and their respective employees, officers,
directors, partners, consultants, members or stockholders have liability of any
kind whatsoever to any member of the Company Group for any special, punitive,
incidental or consequential damages.

 

10.                                 This agreement, together with the
Indemnification Agreement, the Stockholders Agreement, dated as of July 24,
2007, among the Parent and certain of its stockholders, and the Registration
Rights Agreement, dated as of July 24, 2007, among the Parent and certain
of its stockholders, constitute the entire agreement between Consultant, the
Company and the Parent with respect to the subject matter of this agreement and
supersede any prior discussions, correspondence, negotiation, proposed term
sheet, agreement, understanding or arrangement, and there are no agreements or
understandings between the parties in respect of the subject matter hereof
other than those set forth or referred to in this agreement.  The Company and the Parent acknowledge and
agree that Consultant makes no representations or warranties in connection with
this agreement or its provision of services pursuant hereto.  The Company agrees that any acknowledgment or
agreement made by the Company in this agreement is made on behalf of the
Company and the other members of the Company Group.

 

11.                                 This agreement shall be binding upon and
inure to the benefit of the parties to this agreement and their respective
successors and assigns; provided, that (i) neither this
agreement nor any right, interest or obligation hereunder may be assigned by
either party, whether by operation of law or otherwise, without the express
written consent of the other party hereto and (ii) any assignment
by Consultant of its rights but not the obligations under this agreement to any
entity directly or indirectly controlling, controlled by or under common
control with Consultant shall be expressly permitted hereunder and shall not
require the prior written consent of the Company.  This agreement is not intended to confer any
right or remedy hereunder upon any person or entity other than the parties to
this agreement and their respective successors and assigns.

 

12.                                 This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original and which
together shall constitute one agreement. 
This Agreement may not be amended, restated, supplemented or otherwise
modified, and no provision of this Agreement may be waived, other than in a
writing (a) duly executed by the parties hereto, and (b) approved
by a majority of the members of the Parent’s board of directors who are not
employees of the Parent or its subsidiaries or Consultant or its affiliates.

 

[Remainder
of page intentionally left blank.]

 

4

 

If the foregoing sets forth the understanding between us, please so
indicate on the enclosed signed copy of this letter in the space provided
therefor and return it to us, whereupon this letter shall constitute a binding
agreement among us.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  THE SERVICEMASTER
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
    Name:

  
	
   

  	
   

  	
    Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SERVICEMASTER GLOBAL
  HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
    Name:

  
	
   

  	
   

  	
    Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed to and accepted
  as of the date first

  	
   

  	
   

  
	
  above written:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [insert name of Consultant]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
    Name:

  	
   

  	
   

  
	
   

  	
    Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address for Notice:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
   

  	
   

  	
   

  
	
  Facsimile:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00162-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00162-of-00352.parquet"}]]