Document:

exv10w11

Exhibit 10.11

ROADRUNNER DAWES, INC.

AMENDED AND RESTATED

MANAGEMENT AND CONSULTING AGREEMENT

THAYER CAPITAL MANAGEMENT, L.P.

EOS MANAGEMENT, INC.

Roadrunner Dawes, Inc.

4900 S. Pennsylvania Avenue

Cudahy, WI 53110

Attention: Peter Armbruster

                Chief Financial Officer

     Re: Management and Consulting Services

Gentlemen:

     This letter shall confirm the agreement among (i) Thayer Capital Management, L.P., a Delaware
limited partnership (“Thayer”), (ii) Eos Management, Inc., a Delaware corporation
(“Eos”) (Thayer and Eos are each referred to herein as a “Consultant” and
collectively as the “Consultants”), (iii) Roadrunner Dawes, Inc., a Delaware corporation
(“Roadrunner Parent”), (iv) Roadrunner Dawes Freight Systems, Inc., a Delaware corporation
(“Roadrunner Dawes”), (v) Sargent Transportation, LLC, a Delaware limited liability company
(“Sargent Parent”), (vi) Sargent Trucking, Inc., a Maine corporation (“Sargent”),
(vii) Big Rock Transportation, Inc., an Indiana corporation (“Big Rock”), (viii) Midwest
Carriers, Inc., an Indiana corporation (“Midwest”), (ix) Smith Truck Brokers, Inc., an
Indiana corporation (“Smith”), and (x) B&J Transportation, Inc., a Maine corporation
(“B&J”) (Roadrunner Parent, Roadrunner Dawes, Sargent Parent, Sargent, Big Rock, Midwest,
Smith and B&J are each referred to herein as a “Company” and collectively as the
“Companies”), pursuant to which the Consultants shall render to the Companies certain
management and consulting services in connection with corporate development activities and the
operation and conduct of the Companies’ business. The Consultants shall commence providing these
services as of the effective date (the “Effective Date”) of the merger (the
“Merger”) of Sargent Transportation Group, Inc., a Delaware corporation, with and into
Sargent Parent. This agreement amends and restates (i) that certain Management and Consulting
Agreement, effective as of June 3, 2005 (the “Roadrunner Management Agreement”), among
Thayer, Eos, Roadrunner Parent, and the predecessors of Roadrunner Dawes, and (ii) that certain
Advisory Agreement, dated as of October 4, 2006 (the “Sargent Advisory Agreement” and
collectively with the Roadrunner Management Agreement, the “Superceded Agreements”), among
each of the Companies (other than Roadrunner Parent, Roadrunner Dawes and Sargent Parent) and
Thayer.

     1. Services. Subject to any limitations imposed by applicable law or regulation, each Consultant shall
render to the Companies advice and assistance concerning any and all aspects of the operations,
strategic and capital planning and financing of the Companies and their subsidiaries (if any) as
needed from time to time, as well as assistance in conducting relations on behalf of the Companies
with accountants, attorneys, financial advisors and other professionals. Services provided by the
Consultants may include, without limitation, the following:

          (a) general executive and management services;

          (b) identification, support, negotiation and analysis of acquisitions and dispositions by
the Companies and their subsidiaries;

 

 

          (c) negotiating and recommending entering into, modifying and terminating contracts and
agreements to which any Company and its subsidiaries is (or is to become) a party;

          (d) support, negotiation and analysis of financing alternatives, including, without
limitation, in connection with acquisitions, capital expenditures and refinancing of existing
indebtedness;

          (e) finance functions, including assistance in the preparation of financial projections, and
monitoring and compliance with financing arrangements;

          (f) marketing functions, including monitoring of marketing plans and strategies;

          (g) human resources functions, including searching and recommending hiring of executives;
and

          (h) other services for the Companies and their subsidiaries upon which the Board of
Directors (the “Board”) of Roadrunner Parent and the Consultants agree.

Each Consultant shall also make periodic reports to the Board with respect to the services provided
hereunder. Subject to the limitations set forth herein, each Consultant shall use its best efforts
to cause its employees and agents to give the Companies the benefit of their special knowledge,
skill and business expertise to the extent relevant to each of the Companies’ business and affairs.

     2. Board Supervision. The activities of the Consultants to be performed under this Agreement shall be subject to
the supervision of the Board to the extent required by applicable law or regulation and subject to
reasonable written policies not inconsistent with the terms of this Agreement adopted by the Board
and delivered to the Consultants from time to time. Where not required by applicable law or
regulation, the Consultants shall not require the prior approval of the Board to perform their
duties under this Agreement.

     3. Compensation of Consultants.

          (a) Base Compensation. During the term of this Agreement, the Companies jointly and
severally agree to pay or cause to be paid to the Consultants annually with respect to the
management of the business operations of the Companies and their subsidiaries a base cash
consulting and management fee, payable in equal quarterly installments (the “Base
Compensation”). The amount of the annual Base Compensation shall initially be $400,000,
payable 71.5% to Thayer and 28.5% to Eos (i.e., $286,000 to Thayer, and $114,000 to Eos).
The first such payment under this Agreement shall be due May 15, 2007 with respect to the
quarters ending March 31, 2007 and June 30, 2007, and future amounts shall be payable each
February 15 (with respect to the Base Compensation due for each quarter ending March 31), May 15
(with respect to the Base Compensation due for each quarter ending June 30), August 15 (with
respect to the Base Compensation due for each quarter ending September 30), and November 15 (with
respect to the Base Compensation due for each quarter ending December 31) occurring during the
term of this Agreement. The Companies acknowledge that the determination of the amount of the
initial Base Compensation payable to the Consultants hereunder is based upon the Companies’
present business activities. The Base Compensation shall be prorated for any partial calendar
quarter during which the Consultants perform services hereunder. If at any time when a payment
of Base Compensation is due under this Agreement the Companies (i) do not have sufficient
available cash to make such payment or (ii) are prohibited from making such payment pursuant to
the terms of the Companies’ loan
agreements, part or all of such payment, as the case may be, shall be deferred. Any amount
so deferred (which shall not bear interest) shall be added to the amount due under this Agreement
in the quarter following the quarter in which the amount was deferred. Deferred fees shall be
immediately due and payable as soon as there is sufficient available cash or the payment is no
longer prohibited under the loan agreements, as the case may be.

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          (b) Increase in Base Compensation. If the Consultants or any of their affiliates
purchase from Roadrunner Parent any additional equity securities, the annual Base Compensation
shall upon the closing of each such purchase be increased by an amount equal to the product of
(i) 1.00% multiplied times (ii) the aggregate proceeds received by Roadrunner Parent from
such equity purchase. Any increase in the Base Compensation shall be shared by the Consultants
in proportion to additional equity investments by the Consultants and their affiliates. In
addition, if Roadrunner Parent or any of its subsidiaries acquires or enters into any additional
business operations after the date of this Agreement, the Board and the Consultants will, prior
to the acquisition or prior to entering into the business operations, in good faith, determine
whether and to what extent the Base Compensation should be increased as a result thereof. Any
increase will be evidenced by a written supplement or amendment to this Agreement signed by the
Companies and the Consultants.

          (c) Additional Incentive Compensation.

               (i) As additional compensation, the Consultants shall be entitled to a one-time fee (the
“Additional Incentive Compensation”) with respect to (A) each acquisition of a business
operation by Roadrunner Parent or its subsidiaries introduced or negotiated by the Consultants or
any of their affiliates, and/or (B) each disposition of a business operation by Roadrunner Parent
or its subsidiaries negotiated by the Consultants or any of their affiliates, including any “Sale
of the Company” (as hereinafter defined). The Additional Incentive Compensation shall be paid by
the Companies jointly and severally to the Consultants in the same percentages as the Base
Compensation and shall be paid at the closing of the acquisition or disposition of any such
business operation. The Additional Incentive Compensation shall be a cash sum equal to the
following percentages of the purchase price (which on acquisitions or dispositions of assets
shall also include the book value of the assumed liabilities, and on acquisitions or dispositions
of stock shall also include liabilities of the acquired entity that are required to be paid with
funds provided by Roadrunner Parent or any of its subsidiaries in connection with such
acquisition) for the acquisition or disposition:

	 	 	 	 	 
	Purchase Price	 	Percentage
	$1 to $10,000,000
	 	 	2.50	%
	$10,000,001 to $50,000,000
	 	 	1.75	%
	$50,000,001 and over
	 	 	1.00	%

By way of illustration, an acquisition or disposition with a purchase price of $60,000,000 would
generate Additional Incentive Compensation of $1,050,000 (2.50% of the first $10,000,000, 1.75% of
the next $40,000,000 and 1.00% of the remaining $10,000,000).

               (ii) The Consultants shall also be entitled to a one-time fee (the “Finance Transaction
Fee”) in connection with each public or private debt or equity financing or refinancing
consummated by Roadrunner Parent or any of its subsidiaries after the date hereof and negotiated
by the Consultants or any of their affiliates. The Finance Transaction Fee (x) shall be paid by
the Companies jointly and severally to the Consultants in the same percentages as the Base
Compensation, (y) shall be paid at the closing of each financing or refinancing, and (z) shall be
a cash sum equal to (i) 1.00% of the gross proceeds from any equity financing, and/or (ii) the
sum of (A) 1.00% of the aggregate principal amount of any outstanding Company debt that is
refinanced, plus (B) 1.00% of the aggregate increase in maximum borrowing availability resulting
from any such debt
financing or refinancing; provided, however, that if such Finance
Transaction Fee is in connection with a transaction for which Additional Incentive Compensation
is paid hereunder, then the Consultants shall only be entitled to the amount, if any, by which
such Financing Transaction Fee exceeds such Additional Incentive Compensation.

               (iii) In the event of any other transaction not in the ordinary course of business and/or
unusual efforts extended or results obtained by the Consultants on behalf or for the

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benefit of
the Companies or their subsidiaries, the Board shall in good faith negotiate with the Consultants
to determine a fair compensation arrangement to compensate the Consultants for such matters.

               (iv) Notwithstanding anything herein to the contrary, no fee shall be payable to the
Consultants in connection with, or by reason of, either the Merger or the related refinancing of
the Companies’ indebtedness as of the Effective Date.

     4. Reimbursement of Expenses. The Companies shall promptly pay (or reimburse) the Consultants for the reasonable
out-of-pocket expenses of the Consultants’ members, officers, employees, agents and representatives
incurred in connection with the services performed hereunder (including, without limitation, fees
and expenses incurred for attending Company meetings and costs incurred by Thayer (but not Eos) in
connection with the consummation of the Merger and the refinancing of the Roadrunner and Dawes loan
agreements in connection therewith). All obligations or expenses incurred by the Consultants
(including, but not limited to, legal, accounting and other advisors’ fees and expenses) in the
performance of their duties under this Agreement shall be for the account of, on behalf of, and at
the expense of the Companies. The Consultants shall not be obligated to make any advance to or for
the account of the Companies or to pay any sums, except out of funds held in accounts maintained by
the Companies nor shall the Consultants be obligated to incur any liability or obligation for the
account of the Companies without assurance that the necessary funds for the discharge of such
liability or obligation shall be provided.

     5. Additional Services. If at any time, any employee or associate of the Consultants agrees to assume a full-time
interim role (such as an interim chief financial officer), the fee for such additional services
shall be determined at such time; provided, however, that such fee shall be
consistent with prevailing market rates for such function. Such fee for additional services shall
be payable in addition to the Base Compensation.

     6. Independent Contractor. Each Consultant shall be an independent contractor, retaining control over and
responsibility for its own operations and personnel. Nothing contained in this Agreement shall be
deemed or construed (i) to create a partnership or joint venture between the Companies and either
Consultant or its affiliates, or (ii) to cause either Consultant to be responsible in any way for
the debts, liabilities or obligations of the Companies or any other party, or (iii) to constitute
either Consultant or any of its employees, members, officers or agents as employees, officers,
representatives or agents of the Companies.

     7. Other Activities of the Consultants. The Companies acknowledge and agree that neither Consultant nor any of either Consultant’s
employees, officers, directors, affiliates or associates shall be required to devote full time and
business efforts to the duties of the Consultants specified in this Agreement, but instead shall
devote only so much of such time and efforts as such Consultant reasonably deems necessary. The
Companies further acknowledge and agree that each Consultant and its affiliates are engaged in the
business of investing in, acquiring and/or managing businesses for such Consultant’s own account,
for the account of its affiliates
and associates and for the account of unaffiliated parties, and understands that such
Consultant plans to continue to be engaged in such business (and other business or investment
activities) during the term of this Agreement. No aspect or element of such activities shall be
deemed to be engaged in for the benefit of the Companies or any of the Companies’ subsidiaries nor
to constitute a conflict of interest. Without limiting the generality of the foregoing, each
Consultant shall be required to bring only those investment and/or business opportunities to the
attention of the Companies which such Consultant, in its sole discretion, deems appropriate, and
nothing herein shall restrict such Consultant from investing or directly or indirectly engaging in
competitive businesses.

     8. Standard of Care. Neither Consultant (including any person or entity acting for or on behalf of a Consultant)
shall be liable for any mistakes of fact, errors of judgment, for losses sustained by the Companies
or for any acts or omissions of any kind (including acts or omissions of either Consultant or any
of its employees or agents), unless and except to the extent that the Companies’ losses (including

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expenses, costs and attorneys’ fees) are finally and judicially determined to have resulted from
the willful misconduct of a Consultant. The Companies recognize and confirm that the Consultants
will, from time to time, in acting pursuant to this engagement, be using information in reports and
other information provided by others, including, without limitation, information provided by or on
behalf of the Companies, and that the Consultants do not assume responsibility for and may rely,
without independent verification, on the accuracy and completeness of any such reports and
information. The Companies hereby warrant that any information relating to the Companies that is
furnished to the Consultants by or on behalf of the Companies will be fair, accurate and complete
and will not contain any material omissions or misstatements of fact. The Companies agree that any
information or advice rendered by the Consultants or their representatives in connection with this
engagement is for the confidential use of the Board only, and, except as otherwise required by law,
the Companies will not and will not permit any third party to disclose or otherwise refer to such
advice or information in any manner without the Consultants’ prior written consent.

     9. Indemnification of Consultants. The Companies hereby jointly and severally agree to indemnify and hold harmless the
Consultants and each of their present and future officers, directors, affiliates, employees and
agents (“Indemnified Parties”) from and against any and all claims, liabilities, losses and
damages (or actions in respect thereof), in any way related to or arising out of the performance by
such Indemnified Party of services under this Agreement, and to advance and reimburse each
Indemnified Party on a monthly basis for reasonable legal and other expenses incurred by it in
connection with or relating to investigating, preparing to defend, or defending any actions, claims
or other proceeding (including any investigation or inquiry) arising in any manner out of or in
connection with such Indemnified Party’s performance or non-performance under this Agreement
(whether or not such Indemnified Party is a named party in such proceedings); provided,
however, that the Companies shall not be responsible under this paragraph for any claims,
liabilities, losses, damages, or expenses to the extent that they are finally judicially determined
to result from actions taken by such Indemnified Person that constitute willful misconduct.

     10. Term. This Agreement shall remain in effect for a period of 10 years unless terminated earlier in
accordance with the provisions of this Agreement; provided, however, that this
Agreement shall automatically terminate upon a Sale of the Company. For purposes of this
Agreement, the term “Sale of the Company” means (x) the sale of all, or substantially all,
of the Companies’ consolidated assets in any single transaction or series of related transactions;
(y) the sale or issuance, or series of related sales or issuances, of equity securities of
Roadrunner Parent in any single transaction or series of related transactions which results in any
person or group of affiliated persons (other than affiliates of the Consultants) owning (on a fully
diluted basis) more than 50% of Roadrunner Parent’s securities having
ordinary voting power to elect directors outstanding at the time of such sale or issuance or
such series of sales and/or issuances; or (z) any merger or consolidation of Roadrunner Parent with
or into another corporation (regardless of which entity is the surviving corporation) if, after
giving effect to such merger or consolidation, the holders of Roadrunner Parent’s securities having
ordinary voting power to elect directors (on a fully diluted basis) immediately prior to the merger
or consolidation own securities of the surviving or resulting corporation representing 50% or less
of the ordinary voting power to elect directors of the surviving or resulting corporation (on a
fully diluted basis). No termination of this Agreement, whether pursuant to this Section 10,
Section 11 or otherwise, shall affect the Companies’ obligations with respect to fees, costs and
expenses earned or incurred by the Consultants and not paid or reimbursed by the Companies as of
the effective date of such termination.

     11. Early Termination. The Companies or the Consultants may terminate this Agreement in the event of the breach of
any of the material terms or provisions of this Agreement by the other party, which breach is not
cured within 10 business days after notice of the same is given to the party alleged to be in
breach. In addition, any Consultant may deliver to the Companies a written letter of resignation
signed by such Consultant, which such Consultant may do in its sole discretion, at any time, for
any reason or no reason. If this Agreement is terminated by the Consultants because of the breach
of any of the material terms or provisions hereof by the Companies, the Consultants shall be
entitled to recover

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damages from the Companies and shall not be required to mitigate or reduce
damages by seeking or undertaking other management arrangements or business opportunities.

     12. No Assignment. Without the consent of the Consultants, the Companies shall not assign, transfer or convey
any of its rights, duties or interest under this Agreement, nor shall it delegate any of the
obligations or duties required to be kept or performed by it hereunder. Without the prior written
consent of the Companies, neither Consultant shall assign, transfer or convey any of its respective
rights, duties or interests under this Agreement, nor shall it delegate any of the obligations or
duties required to be kept or performed by it under this Agreement; provided that each Consultant
may assign any and all of its rights and obligations hereunder to any of its affiliates.

     13. Notices. All notices, demands, consents, approvals and requests given by either party to the other
hereunder shall be in writing and shall be personally delivered or sent by registered or certified
mail, return receipt requested, postage prepaid, to the parties at the following addresses.

	 	 	 
	If to any or all of the Companies:

	 	c/o Roadrunner Dawes, Inc.
	 

	 	4900 S. Pennsylvania Avenue
	 

	 	Cudahy, WI 53110
	 

	 	Attention: Peter W. Armbruster
	 
	 	 
	If to Thayer:

	 	Thayer Capital Management, L.P.
	 

	 	c/o Thayer Capital Partners
	 

	 	1455 Pennsylvania Avenue, N.W. #350
	 

	 	Washington, D.C. 20004
	 

	 	Attention: Scott Rued
	 
	 	 
	If to Eos:

	 	Eos Management, Inc.
	 

	 	320 Park Avenue, Suite 910
	 

	 	New York, NY 10022
	 

	 	Attention: Sam Levine

     Payment of all fees and expenses payable under the terms of this Agreement shall be paid to
(i) in the case of fees due Thayer, Thayer Capital Management, L.P., 1455 Pennsylvania Avenue, N.W.
#350, Washington, D.C. 20004, Attention: Chief Financial Officer, (ii) in the case of expense
reimbursements due Thayer, Thayer Equity Investors V, L.P., 1455 Pennsylvania Avenue, N.W. #350,
Washington, D.C. 20004, Attention: Chief Financial Officer and (iii) in the case of Eos
Management, Inc., 320 Park Avenue, Suite 910, New York, NY 10022, Attention: Sam Levine.

     14. Third Party Beneficiaries.

          (a) Except for the parties to this Agreement and their respective successors and assigns,
nothing expressed or implied in this Agreement is intended, or will be construed, to confer upon
or give any person other than the parties hereto and their respective successors and assigns any
rights or remedies under or by reason of this Agreement; provided that each of (i)
LaSalle Bank National Association, as “Administrative Agent” (“LaSalle”) pursuant to that
certain Second Amended and Restated Credit Agreement, dated as of the date of this Agreement (the
“Credit Agreement”), among the Companies, the “Lenders” named therein, and LaSalle, as
administrative agent for the Lenders, as the same may be amended, modified, restated or otherwise
supplemented from time to time, and (ii) any holder of “Notes”, as such term is defined in that
certain Amended and Restated Notes Purchase Agreement, dated as of the date of this Agreement
(the “Note Agreement”), among Roadrunner Parent, the Companies, and the “Purchasers”
named therein, as the same may be amended, modified, restated or otherwise supplemented from time
to time, shall be deemed to be third party beneficiaries for purposes of the sixth sentence of
Section 3(a) above.

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          (b) Each Consultant hereby agrees that the payment obligations of the Companies under this
Agreement, and the right of each Consultant to receive payments under this Agreement are
subordinated to payment of all amounts owing or that become owing under the Credit Agreement and
the Note Agreement and that payments under this Agreement may be made only as permitted in the
Credit Agreement and the Note Agreement. Subordination of amounts payable under this Agreement
on the terms set forth herein shall be effective (i) in any voluntary or involuntary insolvency,
bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for
the benefit of creditors, appointment of a custodian, receiver, trustee or other officer with
similar powers or any other proceeding for the liquidation, dissolution or other winding up of
the Companies and (ii) against any transferee or assignee of the Consultants. Each Consultant
also agrees that if it receives any payment under this Agreement that is not permitted by the
Credit Agreement or the Note Agreement it will promptly turn over such payment to the
Administrative Agent, if amounts are outstanding under the Credit Agreement and, if no amounts
are outstanding under the Credit Agreement, to Purchasers.

          (c) This Section 14 may not be amended or otherwise modified without the prior written
consent of LaSalle and the Required Security Holders (as defined in the Note Agreement).

     15. Severability. If any term or provision of this Agreement or the application thereof to any person or
circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or
the application of such term or provision to person or circumstances other than those as to which
it is held invalid or enforceable, shall not be affected thereby, and each term and provision of
this Agreement shall be valid and be enforced to the fullest extent permitted by law.

     16. Entire Agreement. This Agreement contains the entire agreement between the parties hereto with respect to the
matters herein contained, supercedes the Superceded Agreements, and any agreement hereafter made
shall be ineffective to effect any change or modification, in whole or in part, unless such
agreement is in writing and signed by the party against whom enforcement of this change or
modification is sought.

     17. Governing Laws. This Agreement shall be governed by and construed in accordance with the laws of the State
of Delaware without reference to the laws of any other state.

     18. Amendments and Waivers. No provision of this Agreement may be amended or waived without the prior written consent
or each party hereto.

     19. Arms-Length Bargaining, etc. The Companies acknowledge and agree that the compensation provided under this Agreement has
been determined in arm’s-length bargaining and is consistent with fair market value in arm’s-length
transactions and is not and has not been determined in a manner that takes into account the volume
or value of any business otherwise generated for or with respect to the Company or between the
parties.

     20. Termination and Release of Sargent Advisory Agreement. Upon the Effective Date, (i) the Sargent Advisory Agreement shall be automatically
terminated in all respects and shall be of no further force and effect, and (ii) each of the
Companies (other than Roadrunner Parent and Roadrunner Dawes), on the one hand, and Thayer, on the
other hand, shall irrevocably release and forever discharge and hold harmless each other and each
other’s direct and indirect shareholders, directors, officers, employees, consultants, agents,
subsidiaries, affiliates, representatives, successors and assigns, and their respective
shareholders, directors, officers, employees, consultants, agents, subsidiaries, affiliates,
representatives, successors and assigns, from and against any claim, demand, obligation or
liability (including, without limitation, any claim for fees or expenses), known or unknown,
foreseen and unforeseen, contingent or otherwise, relating to or in connection with the Sargent
Advisory Agreement, in law or in equity.

SIGNATURES APPEAR ON FOLLOWING PAGE

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     If the foregoing is acceptable to you, please sign this letter in the space provided below and
return it to the undersigned.

	 	 	 	 	 
	 	Very truly yours,

THAYER CAPITAL MANAGEMENT, L.P.

By:  Thayer Management Partners, L.L.C.,

          its General Partner

 	 
	 	By:  	/s/ Scott Rued
 	 
	 	 	Scott Rued, 	 
	 	 	Member 	 
	 
	 	EOS MANAGEMENT, INC.

 	 
	 	By:  	/s/ Brian Young
 	 
	 	 	Brian Young 	 
	 	 	 	 
	 

ACCEPTED AND AGREED TO AS OF

MARCH 14, 2007:

	 	 	 	 	 
	ROADRUNNER DAWES, INC.

 	 	 
	By:  	/s/ Peter Armbruster
 	 	 
	 	Peter Armbruster, 	 	 
	 	Vice President — Finance 	 	 
	 
	ROADRUNNER DAWES FREIGHT SYSTEMS, INC.

 	 	 
	By:  	/s/ Peter Armbruster
 	 	 
	 	Peter Armbruster, 	 	 
	 	Vice President — Finance 	 	 
	 
	SARGENT TRANSPORTATION, LLC

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 

[Signature Page to Amended and Restated Management and Consulting Agreement]

 

 

	 	 	 	 	 
	SARGENT TRUCKING, INC.

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 
	BIG ROCK TRANSPORTATION, INC.

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 
	MIDWEST CARRIERS, INC.

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 
	SMITH TRUCK BROKERS, INC.

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 
	B&J TRANSPORTATION, INC.

 	 	 
	By:  	/s/ Dan Moorse
 	 	 
	 	Dan Moorse, 	 	 
	 	Vice President 	 	 
	 

[Signature Page to Amended and Restated Management and Consulting Agreement]Second Amendment dated 9/8/08 to Credit Agreement

Exhibit 10.1

SECOND AMENDMENT TO AMENDED AND

RESTATED CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of
September 8, 2008 by and among POST APARTMENT HOMES, L.P. (the “Borrower”), each of the Lenders
party hereto, and WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent (the “Agent”).

     WHEREAS, the Borrower, the Lenders, the Agent and certain other parties have entered into that
certain Amended and Restated Credit Agreement dated as of April 28, 2006 (as in effect immediately
prior to the date hereof, the “Credit Agreement”) and the Borrower, the Lenders and the Agent
desire to amend certain provisions of the Credit Agreement on the terms and conditions contained
herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

     Section 1. Specific Amendments to Credit Agreement. The parties hereto agree that
the Credit Agreement is amended as follows:

     (a) The Credit Agreement is hereby amended by restating subsection (e) of Section 9.1 in its
entirety as follows:

     (e) Gross Asset Value of Borrower and Subsidiary Guarantors. The ratio
of (i) Gross Asset Value attributable only to the Borrower and its Subsidiaries that
are Guarantors to (ii) Gross Asset Value determined exclusive of assets that are
owned by Excluded Subsidiaries or by other Subsidiaries or Unconsolidated Affiliates
that are prohibited from guaranteeing the Indebtedness of another Person pursuant to
any document, instrument or agreement evidencing Secured Indebtedness of such
Subsidiaries or Unconsolidated Affiliates, to be less than 0.80 to 1.00 at any time.

     (b) The Credit Agreement is hereby amended by deleting the incorrect references to “Section
9.1(g) or Section 9.1(h)” in Section 7.12(b)(ii) and replacing it with the correct references to
“Section 9.1(e) or Section 9.1(f)”.

     (c) The Credit Agreement is hereby amended by deleting the incorrect reference to “Section
9.6” in Section 7.12(c) and replacing it with the correct reference to “Section 9.7”.

     Section 2. Conditions Precedent. The effectiveness of this Amendment is subject to
receipt by the Agent of each of the following, each in form and substance satisfactory to the
Agent:

     (a) a counterpart of this Amendment duly executed by the Borrower and the Requisite Lenders;

     (b) a Reaffirmation of Obligations duly executed by each Guarantor, in the form of
Exhibit A attached hereto;

 

 

     (c) evidence of the payment of the fee described in Section 6 below, and of all other fees and
expenses payable to the Agent in connection with this Amendment; and

     (d) such other documents, instruments and agreements as the Agent may reasonably request.

     Section 3. Representations. The Borrower represents and warrants to the Agent and
the Lenders that:

     (a) Authorization. The Borrower has the right and power, and has taken all necessary
action to authorize it, to execute and deliver this Amendment and to perform its obligations
hereunder and under the Credit Agreement, as amended by this Amendment, in accordance with their
respective terms. This Amendment has been duly executed and delivered by a duly authorized officer
of the sole general partner of the Borrower and each of this Amendment and the Credit Agreement, as
amended by this Amendment, is a legal, valid and binding obligation of the Borrower enforceable
against the Borrower in accordance with its respective terms except as the same may be limited by
bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the
availability of equitable remedies for the enforcement of certain obligations (other than the
payment of principal) contained herein or therein and as may be limited by equitable principles
generally.

     (b) Compliance with Laws, etc. The execution and delivery by the Borrower of this
Amendment and the performance by the Borrower of this Amendment and the Credit Agreement, as
amended by this Amendment, in accordance with their respective terms, do not and will not, by the
passage of time, the giving of notice or otherwise: (i) require any Government Approvals or
violate any Applicable Laws relating to the Borrower or any other Loan Party; (ii) conflict with,
result in a breach of or constitute a default under the organizational documents of the Borrower or
any other Loan Party, or any indenture, agreement or other instrument to which the Borrower or any
other Loan Party is a party or by which it or any of its respective properties may be bound; or
(iii) result in or require the creation or imposition of any Lien upon or with respect to any
property now owned or hereafter acquired by the Borrower or any other Loan Party.

     (c) No Default. No Default or Event of Default has occurred and is continuing as of
the date hereof nor will exist immediately after giving effect to this Amendment.

     Section 4. Reaffirmation of Representations by Borrower. The Borrower hereby repeats
and reaffirms all representations and warranties made by the Borrower to the Agent and the Lenders
in the Credit Agreement and the other Loan Documents to which it is a party on and as of the date
hereof with the same force and effect as if such representations and warranties were set forth in
this Amendment in full, except for (i) representations and warranties that expressly relate solely
to an earlier date (in which case such representations and warranties shall have been true and
correct in all material respects on and as of such earlier date) and (ii) changes in factual
circumstances not prohibited under the Loan Documents.

     Section 5. Certain References. Each reference to the Credit Agreement in any of the
Loan Documents shall be deemed to be a reference to the Credit Agreement as amended by this
Amendment.

- 2 -

 

     Section 6. Working Fee. The Borrower agrees to pay to the Agent for the account of
each Lender executing and delivering this Amendment a fee equal to $5,000.

     Section 7. Expenses. The Borrower shall reimburse the Agent upon demand for all
reasonable costs and expenses (including reasonable attorneys’ fees) incurred by the Agent in
connection with the preparation, negotiation and execution of this Amendment and the other
agreements and documents executed and delivered in connection herewith.

     Section 8. Benefits. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns.

     Section 9. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY
PERFORMED, IN SUCH STATE.

     Section 10. Effect. Except as expressly herein amended, the terms and conditions of
the Credit Agreement and the other Loan Documents remain in full force and effect. The amendments
contained herein shall be deemed to have prospective application only, unless otherwise
specifically stated herein.

     Section 11. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed to be an original and shall be binding upon all
parties, their successors and assigns.

     Section 12. Definitions. All capitalized terms not otherwise defined herein are used
herein with the respective definitions given them in the Credit Agreement.

[Signatures on Next Page]

- 3 -

 

     IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Amended and
Restated Credit Agreement to be executed as of the date first above written.

	 	 	 	 	 
	 	POST APARTMENT HOMES, L.P.

 	 
	 	By:  	Post GP Holdings, Inc., its sole general partner
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	                                      /s/ Christopher J. Papa
 	 
	 	 	Name:  	Christopher J. Papa 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender and Agent

 	 
	 	By:  	/s/Amit Khimji
 	 
	 	 	Name:  	Amit Khimji 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Vanessa Chiu
 	 
	 	 	Name:  	Vanessa Chiu 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION

 	 
	 	By:  	/s/ David A. Buck
 	 
	 	 	Name:  	David A. Buck 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	SUNTRUST BANK

 	 
	 	By:  	/s/ W. John Wendler
 	 
	 	 	Name:  	W. John Wendler 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Robin Terry
 	 
	 	 	Name:  	Robin Terry 	 
	 	 	Title:  	AVP 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Chad McMasters
 	 
	 	 	Name:  	Chad McMasters 	 
	 	 	Title:  	SVP 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	REGIONS BANK

 	 
	 	By:  	/s/ Kerri Raines
 	 
	 	 	Name:  	Kerri Raines 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	US BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS

 	 
	 	By:  	/s/ J.T. Johnston Coe
 	 
	 	 	Name:  	J.T. Johnston Coe 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                     /s/ Perry Forman
 	 
	 	 	Name:  	Perry Forman 	 
	 	 	Title:  	Director 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 	 
	 	By:  	/s/ John Feeney
 	 
	 	 	Name:  	John Feeney 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	MIDFIRST BANK, a federally chartered savings association

 	 
	 	By:  	/s/ Darrin Rigler
 	 
	 	 	Name:  	Darrin Rigler 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

 
	 	By:  	/s/ John Hogan
 	 
	 	 	Name:  	John Hogan 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	COMERICA BANK

 	 
	 	By:  	/s/ James Graycheck
 	 
	 	 	Name:  	James Graycheck 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY

 	 
	 	By:  	/s/ Carol B. Conklin
 	 
	 	 	Name:  	Carol B. Conklin 	 
	 	 	Title:  	Vice President 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	FIRST COMMERCIAL BANK, NEW YORK AGENCY

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	CHANG HWA COMMERCIAL BANK, LTD.,

New York Branch

 	 
	 	By:  	/s/ Jim C.Y. Chen
 	 
	 	 	Name:  	Jim C.Y. Chen 	 
	 	 	Title:  	Vice President & General Manager 	 
	 

[Signatures Continued on Next Page]

 

 

[Signature Page to Second Amendment to Amended and Restated

Credit Agreement with Post Apartment Homes, L.P.]

	 	 	 	 	 
	 	PEOPLE’S UNITED BANK

 	 
	 	By:  	/s/ Maurice Fry
 	 
	 	 	Name:  	Maurice Fry 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

EXHIBIT A

REAFFIRMATION OF OBLIGATIONS

     Each of the undersigned (each a “Guarantor” and collectively the “Guarantors”) hereby (a)
reaffirms its continuing obligations owing under the Guaranty dated as of April 26, 2006, executed
and delivered by the Guarantors (the “Guaranty”) and (b) agrees that the Second Amendment to
Amended and Restated Credit Agreement dated the date hereof (the “Amendment”) amending the Amended
and Restated Credit Agreement dated as of April 26, 2006 by and between Post Apartment Homes, L.P.,
the Lenders party thereto (the “Lenders”), Wachovia Bank, National Association, as Agent (the
“Agent”) and the other parties thereto (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), and the transactions contemplated by the Amendment do
not in any way affect the validity or enforceability of the Guaranty, or reduce, impair or
discharge the obligations of such Guarantor thereunder.

     Each of the Guarantors represents and warrants to the Agent and the Lenders that the
execution, delivery, and performance of this Reaffirmation of Obligations has been authorized by
all requisite action on the part of such Guarantor and will not violate such Guarantor’s
organizational or governing document.

     Each of the Guarantors further agrees that references to the Credit Agreement contained in any
Loan Document (as defined in the Credit Agreement) shall be deemed to be references to the Credit
Agreement, as amended by the Amendment.

     This Reaffirmation of Obligations shall be construed in accordance with and be governed by the
law (without giving effect to the conflict of law principles thereof) of the State of Georgia.

[Signatures Continued on Next Page]

 

 

     IN WITNESS WHEREOF, each of the undersigned have duly executed and delivered this
Reaffirmation of Obligations as of September 8, 2008.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	POST PROPERTIES, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 
	 	 	Name:	 	Christopher J. Papa
	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	POST GP HOLDINGS, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 
	 	 	Name:	 	Christopher J. Papa
	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	POST LP HOLDINGS, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 
	 	 	Name:	 	Christopher J. Papa
	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	POST FB I, LIMITED PARTNERSHIP,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post FB Acquisition GP I, LLC,

a Georgia limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,
its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President

and Chief Financial Officer

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	POST FB II, LIMITED PARTNERSHIP,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post FB Acquisition GP II, LLC,

a Georgia limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President

and Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	AUSTIN BC, L.P.,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	BC Austin GP, LLC,

a Georgia limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President and

Chief Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	PBP LAKE SUSANNAH APARTMENT LAND, 

LLC, a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	PARK LAND DEVELOPMENT, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Park, LLC,

a Georgia limited liability company,

its managing member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President

and Chief Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	PBP LAKE SUSANNAH CONDO LAND, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Services, Inc.,

a Georgia corporation,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	POST EASTSIDE LIMITED PARTNERSHIP,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Eastside Acquisition GP, LLC,

a Georgia limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President

and Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	PBP BLOCKS 206/207, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Services, Inc.,

a Georgia corporation,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	Title:	 	Executive Vice President and

Chief Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	PBC APARTMENTS, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	 	 	Title:	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	ALEXANDER CONDOMINIUM DEVELOPMENT I, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Services, Inc.,

a Georgia corporation,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	Title:	 	Executive Vice President and

Chief Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	POST MIDTOWN SQUARE, L.P.,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Midtown Square GP, LLC,

a Georgia limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership

its sole member
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	 	 	 	 	Title:	 	Executive Vice President

and Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	POST-AMERUS RICE LOFTS, L.P.,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Rice Lofts, L.P.,

a Texas limited partnership,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Rice Lofts, LLC,

a Texas limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Name:

Title:
	 	Christopher J. Papa
Executive Vice President
and Chief Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	PMBC AUSTIN LIMITED PARTNERSHIP,

a Georgia limited partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Austin BCPM Acquisition LLC,

a Delaware limited liability company,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Christopher J. Papa
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Christopher J. Papa
	 

	 	 	 	 	 	 	 	Title:
	 	Executive Vice President and

Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	POST ALEXANDER, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	 	 	Title:	 	Executive Vice President and Chief
Financial Officer

[Signatures Continued on Next Page]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	PBP APARTMENTS, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Apartment Homes, L.P.,

a Georgia limited partnership,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Post GP Holdings, Inc.,

a Georgia corporation,

its sole general partner
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	/s/ Christopher J. Papa
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	 	 	Title:	 	Executive Vice President and
Chief Financial Officer
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	SOHO CONDOMINIUM DEVELOPMENT, LLC,

a Georgia limited liability company
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Post Services, Inc.,

a Georgia corporation,

its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Christopher J. Papa

	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Christopher J. Papa
	 	 	 	 	Title:	 	Executive Vice
President and Chief

Financial Officer

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