Document:

Consulting Agreement

 Exhibit 10.10 
  
 RABBIT HILL HOLDINGS, INC. 
 Rabbit
Hill 
 Sarles Street 
 Mount Kisco, NY 10549 
  
 June 3, 1999 

 
 Mr. James D. Cirar 
 c/o TMB Industries 
 980 North Michigan Avenue , 
 Suite 1100 
 Chicago, IL 60611 
  

	 	RE:	Consulting Agreement 

  
 Dear
Mr. Cirar: 
  
 This letter will serve to confirm the consulting
arrangement between Rabbit Hill Holdings, Inc. (“RHH”), Johnstown America Corporation (“JAC”), Freight Car Services, Inc. (“FCS”), JAC Patent Company (“Patent”), and JAIX Leasing Company (“JAIX” -
collectively, JAC, FCS, Patent and JAIX are referred to herein as the “Company” or the “Companies”), pursuant to which you will render, as requested, certain consulting services to RHH and the Companies and, in addition, will
serve, as requested, as a member of the Board of Directors of RHH. 
  
 Beginning on the date hereof, and continuing until such time as RHH elects to terminate this Agreement, you will, as requested, consult with and advise the Board of RHH, the Board of each of the Companies, and senior management of the
Companies on all matters relating to the business of RHH and the Companies. You will attend and participate in such senior management meetings as we shall, from time to time, request, and shall otherwise be available to act as a consultant for RHH
and the Companies (the “Consulting Services”). 
  
 In
connection with rendering such Consulting Services, you shall devote your best efforts to perform your duties faithfully and in a diligent and efficient matter. You shall have a fiduciary duty of loyalty to RHH and each Company. The performance of
your Consulting Services shall take place via telephone, correspondence or in personal conferences, as we shall reasonably request. The manner in which the Consulting Services are to be performed, and the specific hours to be worked by you shall be
determined by RHH in its reasonable discretion, and we will rely on you to work as many hours as are reasonably necessary to 

  

 
fulfill your obligations under this Agreement; provided, however, that neither you nor we, anticipate that you will be required to spend more than 10 hours
per month in connection with your Consulting Services, absent substantial problems at, or special circumstances involving, RHH or the Companies. 
  
 In consideration of the Consulting Services you are to provide hereunder, RHH will pay to you consulting fees at the rate of $50,000 per year, payable
monthly, or at such other times as RHH and you shall mutually agree. In addition, RHH or the Companies shall reimburse you for all reasonable and necessary expenses incurred by you in performing your duties hereunder, subject to RHH’s prior
approval, upon presentation of expense reports in form and format reasonably satisfactory to RHH, and supported by satisfactory documentation. 
  
 Each of RHH and you hereby agree that you are an independent contractor, solely responsible for the manner and form in which you perform the Consulting
Services, and nothing contained herein shall be construed as creating an employer/employee, master/servant, principal/agent, partnership, joint venture or other similar type of arrangement. You agree that you will not take any action on behalf of
RHH or the Companies without specific instructions from, and the prior approval of, RHH and the Companies, and that you do not have any right or power in any manner to bind or commit RHH or any Company to any contract or other obligation with any
third party except upon specific prior written approval of RHH and such Company. Neither RHH nor any Company shall provide fringe benefits, including health insurance benefits, paid vacation or any other employee benefits, for your benefit. Neither
RHH nor any Company shall be liable for withholding and remitting to proper state, federal or local agencies any income tax withholding, FICA tax withholding or similar amounts applicable to the consideration paid to you, or paying any other similar
costs, fees, taxes or contributions associated with the relationship between RHH and the Companies, on the one hand, and you, on the other. You shall indemnify and hold RHH and each Company harmless against and for the payment of any such taxes,
costs, fees or contributions. 
  
 You acknowledge that you are
personally bound by the provisions of Section 9 of the Securities Purchase, Repurchase and Non-Compete Agreement dated June 2, 1999, (“Non-Compete Agreement”) and hereby agree to the application of such provisions, including the provisions
enforcing the restrictive covenants contained therein in Section 11 of such Agreement. 
  
 This Agreement may be terminated by RHH at any time by written notice to you that it is the determination of the Board of RHH that it is in the best interests of RHH and the Companies to terminate this Agreement. This
Agreement shall terminate automatically upon your death or disability. The term “disability” shall mean “permanent and total disability”, as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended. You may
terminate this Agreement at any time by providing thirty (30) days written notice to RHH. We anticipate that you will provide the Consulting Services described herein through June 2, 

  

 -2- 

 
2004, and accordingly the aggregate amount to be paid hereunder will equal $250,000. If RHH elects to terminate this Agreement, and if you have not then
breached this Agreement or contravened the provisions of the Non-Compete Agreement, RHH will pay to you the balance of the fee for the Consulting Services (i.e. - the then unpaid portion of $250,000) within 30 days of such termination. If, however,
RHH terminates this Agreement because of your breach of the terms hereof, your death or disability, your voluntary termination of the Agreement, or your breach of the provisions of the Non-Compete Agreement, RHH will be obligated to pay you only
that portion of the fee described herein which accrued through the date of such termination. Moreover, if RHH has paid you the fee accruing for that period of time after termination, and thereafter you breach the terms of the Non-Compete Agreement,
you shall pay to RHH, immediately upon demand, that portion of such consulting fee which relates to post-termination payments. 
  
 If any provision of this Agreement shall be found by any arbitrator or court of competent jurisdiction to be invalid or unenforceable, the parties hereby
waive such provision to the extent that it is found to be invalid or unenforceable and to the extent that to do so would not deprive one of the parties of the substantial benefit of its bargain. Such provision shall, to the extent allowable by law
in the preceding sentence, be modified by such arbitrator or court so that it becomes enforceable and, as modified, shall be enforced as any other provision hereof, all the other provisions continuing in full force and effect. 
  
 Your obligations under this Agreement shall inure to the benefit of RHH and
the Companies, and their successors and assigns, and shall be binding upon you and your legal representatives, heirs and permitted assigns. RHH shall have the right to assign, transfer or convey this Agreement to its affiliated companies, successor
entities or assignees or transferees of substantially all of the RHH’s, or any of the Companies’, business activities. This Agreement, being personal in nature to you, may not be assigned by you without RHH’s prior written consent.

  
 All notices, requests, demands and other communications
required or permitted hereunder shall be in writing, or if transmitted by facsimile, confirmed in writing within twenty-four (24) hours of such facsimile transmission, and shall be deemed to be duly given (i) when delivered, if delivered by hand, or
by a nationally-recognized overnight delivery service, (ii) when transmitted, if delivered by facsimile, or (iii) three days after mailing, if mailed certified or registered first-class mail, postage prepaid, properly addressed to the party entitled
to receive such notice at the address stated below: 
  

			
	If to RHH:	  	Rabbit Hill Holdings, Inc.
	 	  	Sarles Street
	 	  	 Mount Kisco, NY 10549
 Telecopy No.: (914)
666-8378

  

 -3- 

			
	and to:	  	 Rabbit Hill Holdings, Inc.
 c/o Johnstown America
Corporation
 17 Johns Street
 Johnstown, PA 15901
 Attention: President
 Telecopy No.: (814) 533-5010

		
	With a copy to:	  	 White and Williams LLP
 1800 One Liberty
Place
 Philadelphia, PA 19103
 Attention: George J. Hartnett,
Esquire
 Telecopy No: (215) 864-7123

		
	If to Consultant:	  	 Mr. James D. Cirar
 P.O. Box 1197
 Rochester Hills, Mich - 48308

  
 or to such other address as the
parties may from time to time designate in writing. 
  
 This
Agreement will be governed by, and construed in accordance with, the law’s of the Commonwealth of Pennsylvania. 
  
 This Agreement (and any documents referred to herein) contains the entire agreement between the parties hereto with respect to the subject matter hereof.

  
 If the foregoing correctly reflects your understanding of our
agreement, we ask that you acknowledge that fact by signing the copy of this letter agreement enclosed herewith, and returning it to me. 
  

			
	 Very truly yours,

	
	 RABBIT HILL HOLDINGS, INC.

		
	 By:
	 	 /s/ Camillo M. Santomero

	 	 	 Camillo M. Santomero, III

	 	 	 Director

  
 Received,
acknowledged and accepted, with the intent to be legally bound. 
  

			
	
	 /s/ James D. Cirar

	 James D. Cirar

  

 -4-Management Agreement

  
 Exhibit 10.11 
  
 MANAGEMENT AGREEMENT 
  
 This Management Agreement is made as of the 3rd day of June, 1999, by and among RABBIT HILL HOLDINGS, INC., a Delaware corporation (“RHH”), RABBIT HILL INTERMEDCO,
INC., a Delaware corporation (“Intermedco”) RABBIT HILL OPERATIONS, INC., a Delaware corporation (“Operations”), JOHNSTOWN AMERICA CORPORATION, a Delaware corporation (“JAC”), FREIGHT CAR SERVICES, INC., a Delaware
corporation (“FCS”), JAIX LEASING COMPANY, a Delaware corporation (“JAIX”) and JAC PATENT COMPANY, a Delaware corporation (“Patent” - JAC, FCS, JAIX and Patent are herein referred to as the “Companies”, and
each as a “Company”, and the Companies, RHH, Intermedco and Operations are herein referred to as the “Contracting Parties”) and CAMILLO M. SANTOMERO, III, an individual (the “Manager”). 
  
 BACKGROUND 
  
 A. RHH owns all the capital stock of Intermedco, which owns all the capital
stock of Operations, which owns all the capital stock of JAC, FCS and JAIX. JAC owns all the capital stock of Patent. 
  
 B. The Companies are engaged in the business of developing, manufacturing, selling, distributing and leasing railcars and related products and may in the
future be engaged in additional lines of business (collectively, the “Business”). 
  
 C. To insure that RHH, Intermedco, Operations and the Companies are managed prudently and efficiently, the Contracting Parties desire to retain the Manager to assist with the supervision and management of the Business
of the Contracting Parties, and to provide general management oversight, financial consultation and such other services as RHH, Intermedco, Operations and the Companies may request from time to time. 
  
 AGREEMENT 
  
 In consideration of the foregoing background and of the mutual covenants,
conditions, and promises contained herein, the parties hereto, intending to be legally bound hereby, agree as follows: 
  
 1. Management. RHH, Intermedco, Operations and each of the Companies, jointly and severally, hereby retain the Manager, and the Manager
hereby agrees, to assist the Contracting Parties by providing them with general oversight and supervision of each of them and their Business. In furtherance thereof, and upon request, the Manager (i) shall provide 

  

 
input and direction to the creation and implementation of long-range corporate and strategic plans, (ii) shall periodically review the general financial
operation and performance of the Business, and (iii) shall evaluate different strategies for capitalization of the Business. From time to time, the Manager shall report to the Board of Directors of each of the Contracting Parties on his activities,
and, upon request, shall prepare a written report to each of the Contracting Parties (collectively, “Management Services”). 
  
 2. Compensation of Manager; Subordination. In consideration of the Management Services provided hereunder, RHH, Intermedco, Operations and
the Companies hereby agree to pay to the Manager a base fee equal, in the aggregate, to Three Hundred Fifty Thousand Dollars ($350,000.00) per year (“Annual Base Fee”), payable in twelve (12) equal consecutive monthly installments, within
five (5) days after the first day of each month. The Manager may direct the Contracting Parties to pay the Annual Base Fee to an entity owned or controlled by the Manager, with which direction the Contracting Parties shall comply. 
  
 3. Expenses. 
  
 3.1 The Contracting Parties shall reimburse the Manager for
all reasonable and necessary out-of-pocket expenses or disbursements incurred by the Manager in connection with the discharge of his duties hereunder, including, but not limited to, all reasonable and necessary travel and lodging expenses; provided
however, that such expenses shall not include the maintenance of an office or administrative support services. 
  
 3.2 The Manager shall submit expense reports to RHH on a monthly basis, together with such documentation as may be required by RHH’s
policy with regard to expense reports. 
  
 4. Term.

  
 4.1 Unless sooner terminated as provided in
Section 4.2, this Agreement shall commence on the date first above written (the “Commencement Date”) and shall remain in effect for a term of five (5) years, and, unless terminated by ninety (90) days written notice from one party to the
other prior to the termination of the then current term, shall continue in effect from year to year thereafter. 
  
 4.2 This Agreement may be terminated under the following circumstances: 
  
 (a) by the Manager on sixty (60) days written notice; 
  
 (b) by either RHH or the Manager on ten (10) days written
notice in the event of a Default by the other party; 
  

 -2- 

 (c) by RHH upon ten (10) days written notice in the event that the Manager becomes so
disabled as to be unable to render services hereunder; 
  
 (d) automatically, in the event of the death of the Manager; or 
  
 (e) by RHH, in the event all or substantially all of its stock or assets are sold in one transaction or in a series of related transactions. 
  
 4.3 Termination of this Agreement shall not affect the rights and responsibilities which may have arisen or
accrued prior to the date of termination. 
  
 5. Warranties
and Covenants. 
  
 5.1 The Contracting
Parties hereby represent and warrant to the Manager as follows: (i) each of the Contracting Parties is a Delaware corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has full power and
authority to conduct its business and to delegate to the Manager the responsibilities delegated hereunder; and (ii) this Agreement has been duly authorized by the Board of Directors of each of the Contracting Parties, and the execution hereof and
the performance by the Contracting Parties hereunder does not and will not violate any provision of the Certificate of Incorporation or by-laws of any of the Contracting Parties, or any statute, regulation, court or administrative order or any
agreement, contract or lease to which any of the Contracting Parties is a party, and there are no third parties who must consent to the execution of this Agreement by any of the Contracting Parties. 
  
 5.2 During the term of this Agreement, each of the
Contracting Parties covenants and agrees that it will do the following: (i) to the extent consistent with the delegation of duties and responsibilities to the Manager hereunder, assist the Manager in all matters contemplated herein, so that the
terms of this Agreement can be effected; (ii) promptly given written notice to the Manager of the occurrence of any event which would cause any representation or warranty in Section 5.1. to be untrue at any time, or which would constitute a Default
hereunder; (iii) maintain its corporate existence and comply with all applicable statutes, rules and regulations with respect thereto. 
  
 5.3 At the expiration or termination of this Agreement, the Manager agree to return all material and assets loaned to the Manager by the
Contracting Parties or purchased by the Contracting Parties for use by the Manager. 
  

 -3- 

 6. Default. 
  
 6.1 The occurrence of one or more of the following events after the Commencement Date shall constitute a
default by or relating to the Contracting Parties (“Company Default”) hereunder: 
  
 (a) Any of the Contracting Parties becoming insolvent or unable to pay its debts as they mature, or filing a voluntary petition or
suffering any involuntary petition to be filed against it under any provisions of any State or federal bankruptcy or insolvency statute, or making an assignment for the benefit of its creditors, or applying for or permitting the appointment of a
receiver for its assets; 
  
 (b) Any of the
Contracting Parties’ failure to pay the Annual Base Fee or any other amount owing to the Manager hereunder when due; or 
  
 (c) If any representation or warranty made in connection with this Agreement becomes false or erroneous in any material respect, or if any
of the Contracting Parties shall breach any term of this Agreement. 
  
 6.2 The occurrence of one or more of the following events after the Commencement Date shall constitute a default by or relating to the Manager (“Manager Default”) hereunder: 
  
 (a) The Manager’s becoming insolvent or unable to pay
his debts as they mature, or filing a voluntary petition or suffering any involuntary petition to be filed against him under any provisions of any state or federal bankruptcy or insolvency statute, or making an assignment for the benefit of his
creditors, or applying for or permitting the appointment of a receiver for his assets; or 
  
 (b) The Manager’s failure to discharge substantially his responsibilities hereunder, and the continuance of such failure after
Manager shall have received written notice thereof from the Company, and a reasonable opportunity to cure such failure. 
  
 6.3 (a) Upon the occurrence of a Company Default hereunder, if the Manager elects to terminate his responsibilities hereunder, the Manager
shall be entitled to collect, and the Contracting Parties shall pay to the Manager, immediately upon demand, an amount equal to all damages suffered by Manager as a result of such breach; or 
  
 (b) Upon the occurrence of a Manager Default hereunder, RHH
may, at its option, terminate the Manager’s responsibilities hereunder, whereupon the Contracting Parties’ obligation to pay the Annual Base Fee, to the extent accruing after the date of termination, shall cease. 
  
 7. Miscellaneous. 
  
 7.1 At the termination of this Agreement, whether or not at
the end of the term hereof, the Manager shall cooperate with the Contracting Parties to effect an orderly transition of the responsibilities of the Manager hereunder to the Contracting Parties or their designee. 
  

 - 4 - 

 7.2 The Contracting Parties acknowledge that the Manager is not obligated to limit
himself to the management of the Contracting Parties, or any of their affiliates, and acknowledges that the Manager may render similar services to other companies, some of which may be competitors of the Contracting Parties. 
  
 7.3 Any failure by either the Contracting Parties or the
Manager to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any time, or from time to time thereafter. 
  
 7.4 If any provision of this Agreement shall for any reason be held to be invalid or unenforceable in any
jurisdiction in which it is sought to be enforced, such invalidity and unenforceability shall not affect any other provision hereof and it shall be construed as if such invalid or unenforceable provision were omitted. 
  
 7.5 This Agreement, including this Section 7.5 may be
amended only in writing executed by all of the parties hereto. 
  
 7.6 All agreements, warranties and covenants made by the Contracting Parties and the Manager herein shall continue as long as this Agreement shall remain in effect. 
  
 7.7 Section headings are for reference purposes only and
shall not be utilized in the interpretation of the Agreement. 
  
 7.8 Any notice required under this Agreement to be sent by one party to the other shall be personally delivered or sent by certified mail, return receipt requested, or by nationally recognized overnight delivery
service, postage or fees prepaid, to the following addresses: 
  

					
	 	  	If to the Contracting	  	Rabbit Hill Holdings, Inc.
	 	  	 Parties:
	  	Rabbit Hill
Sarles Street
Mount Kisco, NY 10549
Attention: President
Telecopy No.: (914) 666-8378
			
	 	  	And to:	  	 Rabbit Hill Holdings, Inc.
 c/o Johnstown America
Corporation
17 Johns Street
Johnstown, PA 15901
Attention: President
Telecopy No.: (814) 533-5010

  

 - 5 - 

					
	 	  	If to Manager:	  	Mr. Camillo M. Santomero, III
Rabbit Hill
Sarles Street
Mount Kisco, NY 10540
Telecopy No.: (914) 666-8378
			
	 	  	With a copy to:	  	George J. Hartnett, Esquire
White and Williams LLP
1800 One Liberty Place
Philadelphia, PA 19103

  
 The aforementioned addresses may be
changed upon written notice to all parties. 
  
 7.9 This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which shall constitute one agreement. 
  
 7.10 This Agreement shall not create any rights, or confer any benefits, upon any persons or entities not a
party hereto. 
  
 7.11 This Agreement is personal
to the parties and, except as set forth in Section 2 hereof, may not be assigned or otherwise transferred except that any of the Contracting Parties may assign its rights to an affiliate, provided, however, that in such event, the Contracting
Parties shall remain liable for its obligations hereunder. 
  
 7.12 This Agreement shall be governed by, and construed in accordance with, the laws
of the State of Delaware. 
  
 Executed as of the date first above
written. 
  

			
	RABBIT HILL HOLDINGS, INC
		
	 	 	 /s/    Rabbit Hill Holdings, Inc.

	 	 	 
	 	 	 

  
 (signatures
continued on page 7) 
  

 - 6 - 

 (signatures continued from page 6) 
  

			
	 RABBIT HILL OPERATIONS, INC.

	
	 /s/ Rabbit Hill Operations, Inc.

	 	 	 
	 	 	 

  

			
	 RABBIT HILL INTERMEDCO, INC.

	
	 /s/ Rabbit Hill Intermedco, Inc.

	 	 	 
	 	 	 

  

			
	 JOHNSTOWN AMERICA CORPORATION

	
	 /s/ Johnstown America Corporation

	 	 	 
	 	 	 

  

			
	 FREIGHT CAR SERVICES, INC.

	
	 /s/ Freight Car Services, Inc.

	 	 	 
	 	 	 

  

			
	 JAIX LEASING COMPANY

	
	 /s/ JAIX Leasing Company 

	 	 	 
	 	 	 

  

			
	 JAC PATENT COMPANY

	
	 /s/ JAC Patent Company

	 	 	 
	 	 	 
	
	 /s/ Camillo M. Santomero, III

	 CAMILLO M. SANTOMERO, III

  

 - 7 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]