Document:

Exhibit 10-3a

EXECUTION
COPY

 

INTERCREDITOR AGREEMENT JOINDER

The undersigned, Valley
Rents and Ready Mix, Inc., a Delaware corporation, hereby agrees to become
party as a Grantor under the Intercreditor Agreement dated as of July 8, 2005
(the “Intercreditor Agreement”), among Neff Rental LLC and Neff Finance
Corp. (collectively, “Holdings”), Neff Rental, Inc., the other Grantors
(such term and each other capitalized term used but not defined herein having
the meaning set forth in the Intercreditor Agreement) from time to time party
thereto, the Credit Agreement Agent under the Credit Agreement and as Priority
Lien Collateral Agent, and Wells Fargo Bank, National Association, as Trustee
and as Parity Junior Lien Collateral Agent, as amended, supplemented, amended
and restated or otherwise modified and in effect from time to time, for all
purposes thereof on the terms set forth therein, and to be bound by the terms
of the Intercreditor Agreement as fully as if the undersigned had executed and
delivered the Intercreditor Agreement as of the date thereof.

Notices and other
communications provided for in the Intercreditor Agreement shall be delivered
by hand or by nationally recognized overnight courier service, mailed by
certified or registered mail or sent by fax to the undersigned as follows:

Valley Rents and Ready Mix, Inc., c/o Neff Rental LLC, 3750 N.W. 87th
Avenue, Suite 400, Miami, Florida 33718, Attention: Chief Financial Officer,
(Facsimile No.: (305) 513-4156).

 

The provisions of Section 4.1 and Article VI of the Intercreditor
Agreement will apply with like effect to this Joinder.

 

[signature page follows]

 

IN WITNESS WHEREOF, the
parties hereto have caused this Intercreditor Agreement Joinder to be executed
by their respective officers or representatives as of May ___, 2006.

	
   

  	
  VALLEY RENTS AND READY MIX, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

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Exhibit 10.1  

 
 

PROMISSORY NOTE    
    

	

$100,000	
 	

 	
 	

As of August 2, 2006

New York, New York

        Information
Services Group, Inc. ("Maker") promises to pay to the order of Oenoke Partners, LLC ("Payee") the principal sum of one-hundred thousand dollars ($100,000)
in lawful money of the United States of America together with interest on the unpaid principal balance of this Promissory Note (this "Note"), on the terms and conditions described below. 

        1.     Principal.    The principal balance of this Note shall be repayable on the earlier of
(i) August 1, 2007 and (ii) the date on which Maker consummates an initial public offering of its securities under the Securities Act of 1933, as amended. 

        2.     Interest.    Interest shall accrue at the rate of 5.0% per year, compounded semiannually, on the unpaid
principal balance of this Note and shall be payable when principle is payable hereunder. 

        3.     Application of Payments.    All payments shall be applied first to payment in full of any costs incurred in the
collection of any sum due under this Note, including (without limitation) reasonable attorneys' fees, then to accrued and unpaid interest and finally to the reduction of the unpaid principal balance
of this Note. 

        4.     Events of Default.    The following shall constitute Events of Default: 

        (a)    Failure to Make Required Payments.    Failure by Maker to pay the principal of
this Note within five (5) business days following the date when due. 

        (b)    Voluntary Bankruptcy, Etc.    The commencement by Maker of a voluntary case under
the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the
consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its
property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in
furtherance of any of the foregoing. 

        (c)    Involuntary Bankruptcy, Etc.    The entry of a decree or order for relief by a
court having jurisdiction in the premises in respect of Maker in an involuntary case under the Federal Bankruptcy Code, as now or hereafter constituted, or any other applicable federal or state
bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its
property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days. 

        5.     Remedies. 

        (a)   Upon
the occurrence of an Event of Default specified in Section 4(a), Payee may, by written notice to Maker, declare this Note to be due and payable, whereupon
the principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are
hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

        (b)   Upon
the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of, and all other sums payable with regard to, this Note
shall 

 

automatically
and immediately become due and payable, in all cases without any action on the part of Payee. 

        6.     Unconditional Liability.    Maker hereby waives all notices in connection with the delivery, acceptance,
performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected
hereunder in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or
modifications that may be granted by Payee with respect to the payment or other provisions of this Note. 

        7.     Notices.    Any notice called for hereunder shall be deemed properly given if (i) sent by certified mail,
return receipt requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery,
(iv) sent by facsimile or (v) sent by e-mail, to the following addresses or to such other address as either party may designate by notice in accordance with this Section: 

        If
to Maker:

Information
Services Group, Inc.

725 Oenoke Ridge Road

New Canaan, CT 06840 

        If
to Payee: 

Oenoke
Partners, LLC

725 Oenoke Ridge Road

New Canaan, CT 06840 

Notice
shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date on which an
e-mail transmission was received by the receiving party's on-line access provider, (iv) the date
reflected on a signed delivery receipt, or (vi) two (2) Business Days following tender of delivery or dispatch by express mail or delivery service. 

        8.     Construction.    This Note shall be construed and enforced in accordance with the domestic, internal law, but
not the law of conflict of laws, of the State of Delaware. 

        9.     Severability.    Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

[Remainder of page intentionally left blank.] 

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        IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed as of the day and year first above written. 

	 	 	INFORMATION SERVICES GROUP, INC.
	

 	
 	

By:	

/s/  MICHAEL CONNORS      
 Michael Connors,

Chairman and Chief Executive Officer

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Exhibit 10.3  

 
 

PRIVATE PLACEMENT PURCHASE AGREEMENT    
    

        THIS PRIVATE PLACEMENT PURCHASE AGREEMENT (this "Agreement") made as of this 9th day of August, 2006 between  INFORMATION SERVICES GROUP, INC., a Delaware
corporation (the "Company"), and OENOKE
PARTNERS, LLC, a Delaware limited liability company (the "Purchaser"). 

        WHEREAS, the Company desires to sell, and the Purchaser desires to acquire, in a private placement (the
"Placement") an aggregate of (i) 375,000 units (the "Placement Units"), each of which consists of one share of common stock of the
Company (the "Common Stock") and one warrant to purchase a share of Common Stock (the "Warrants"), which Placement Units will be substantially
identical to the units being issued to the public (the "IPO") pursuant to the terms and conditions set forth in the registration statement on Form S-1
(the "Registration Statement") to be filed with the Securities and Exchange Commission (the "SEC") and (ii) 2,000,000 Warrants (sold
separately and not in combination with the Common Stock in the form of the Placement Units) (the "Placement Warrants"), which Placement Warrants will be substantially
identical to the Warrants forming part of the units the units being issued in the IPO, except that, with respect to clause (i) and (ii), (x) the Placement Units, the underlying shares of
Common Stock and Warrants forming the Placement Units and the Placement Warrants will not be registered under the Securities Act of 1933, as amended (the "Securities Act")
and (y) the Placement Warrants and the Warrants forming part of the Placement Units will not be subject to redemption; and 

        WHEREAS, the Placement Warrants and the Warrants forming part of the Placement Units will be governed by the Warrant Agreement, and the
Placement Warrants and Placement Units will be entitled to the benefits of a Registration Rights Agreement, each of which will be filed as an exhibit to the Registration Statement. 

        NOW, THEREFORE, for and in consideration of the premises and the mutual covenants
hereinafter set forth, the parties hereto do hereby agree as follows: 

	1.
	PURCHASE OF UNITS. The Purchaser hereby agrees, directly or through its nominees, to purchase 375,000 Placement Units at a purchase
price of $8.00 per Placement Unit for an aggregate purchase price of $3,000,000 (the "Unit Purchase Price").

	2.
	PURCHASE OF WARRANTS. The Purchaser hereby agrees, directly or through its nominees, to purchase 2,000,000 Placement Warrants at a
purchase price of $1.00 per Placement Warrant for an aggregate purchase price of $2,000,000 (the "Warrant Purchase Price" and, together with the Unit Purchase Price, the
"Purchase Price").

	3.
	CLOSING. The closing of the purchase and sale of the Placement Units and Placement Warrants (the "Closing")
will take place at such time and place as the parties may agree (the "Closing Date"), but will in no event be later than the date on which the SEC declares the
Registration Statement effective (the "Effective Date"). On the Effective Date, the Purchaser shall pay the Purchase Price by wire transfer of funds to an account
maintained by the Company. Immediately prior to the closing of the IPO, the Company shall deposit the Purchase Price into the trust account described in the Registration Statement (the
"Trust Account"). The certificates for the Common Stock, and the Warrants forming part of the Placement Units and the Placement Warrants shall be delivered to the Escrow
Agent, to be defined in the Stock Escrow Agreement to be filed as an exhibit to the Registration Statement, promptly after the closing of the IPO.

	4.
	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. The Purchaser hereby represents and warrants to the Company that:

	a.
	The
Purchaser is an "accredited investor" as that term is defined in Rule 501 of Regulation D promulgated under the Securities Act. 

 

	b.
	The
Placement Units and Placement Warrants are being acquired for the Purchaser's own account, only for investment purposes and not with a view to, or for resale in connection with,
any distribution or public offering thereof within the meaning of the Securities Act.

	c.
	The
Purchaser has the full right, power and authority to enter into this Agreement and this Agreement is a valid and legally binding obligation of the Purchaser enforceable against the
Purchaser in accordance with its terms.

 

	5.
	WAIVER OF CLAIMS; INDEMNIFICATION. The Purchaser hereby waives any and all rights to assert any present or future claims, including any
right of rescission, against the Company or Deutsche Bank Securities Inc. ("DB") with respect to its purchase of the Placement Units and Placement Warrants, and the
Purchaser agrees to indemnify and hold the Company, DB and the other underwriters in the IPO harmless from all losses, damages or expenses that relate to claims or proceedings brought against the
Company, DB or such other underwriters by the Purchaser of the Placement Units and Placement Warrants or its transferees, heirs, assigns or any subsequent holders of the Placement Units or Placement
Warrants in respect of the transactions contemplated hereby.

	6.
	VOTING OF SHARES; WAIVER OF CONVERSION RIGHTS; LOCK-UP. In connection with the vote required to consummate a Business
Combination (as defined in the Company's Certificate of Incorporation), the Purchaser shall vote the shares of Common Stock purchased hereby in accordance with the majority of the shares of Common
Stock voted by the Company's public stockholders, and therefore waives any conversion rights it might have with respect to such shares. Purchaser hereby waives any right to receive distributions with
respect to the shares of Common Stock purchased hereby upon the liquidation of the Trust Account, or as part of the Company's plan of dissolution and distribution in the event the Company fails to
consummate such Business Combination by the Termination Date (as defined in the Company's Certificate of Incorporation). In the event that the Company fails to consummate a Business Combination by the
Termination Date, the Purchaser shall vote the shares of Common Stock purchased hereby in favor of any plan of dissolution and liquidation recommended by the Company's board of directors. The
Placement Units and Placement Warrants will be subject to a lock-up as referred to in the Registration Statement. Subject to certain limited exceptions to be set forth therein, the
Placement Units and Placement Warrants will not be transferable until the closing of a Business Combination.

	7.
	WAIVER OF CLAIMS AGAINST TRUST ACCOUNT. The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any
distributions from the Trust Account with respect to any shares of Common Stock acquired by the Purchaser pursuant to this Agreement ("Claim") and hereby waives any Claim
the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever,
other than with respect to any shares of Common Stock purchased in the IPO or in the aftermarket held directly or indirectly by it.

	8.
	REGISTRATION RIGHTS. Purchaser (and its assignees and transferees) shall be granted certain registration rights pursuant to a
Registration Rights Agreement reasonably acceptable to the Purchaser and the Company. If the Company does not complete a Business Combination, or if the Company is unable to deliver registered shares
of Common Stock to the Purchaser pursuant to the Registration Rights Agreement upon exercise of the Warrants during the exercise period therefor, there will be no cash settlement of the Warrants and
the Warrants will expire worthless.

	9.
	COUNTERPARTS; FACSIMILE. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to
be an original and all of 

2

 

which
taken together shall constitute one and the same instrument. This Agreement or any counterpart may be executed via facsimile transmission, and any such executed facsimile copy shall be treated
as an original. 

	10.
	GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York. The
parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees to, and does hereby, submit to the jurisdiction
and venue of, the appropriate state or federal court for the district encompassing the Company's principal place of business. 

[signatures
on following page] 

3

 

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

	 	 	INFORMATION SERVICES GROUP, INC.
	

 	
 	
By:	

/s/  MICHAEL CONNORS      
 Name:  Michael Connors

Title:    Chief Executive Officer
	

 	
 	
OENOKE PARTNERS, LLC
	

 	
 	
By:	

/s/  MICHAEL CONNORS      
 Name:  Michael Connors

Title:    Managing Member

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PRIVATE PLACEMENT PURCHASE AGREEMENT

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