SEC Contract Filing

Filing Date: 2017-12-05

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>9
<FILENAME>a17-27887_1ex10d6.htm
<DESCRIPTION>EX-10.6
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.6<a name="Exhibit99_510_6_011621"></a></font></b></p>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXECUTION VERSION</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ESCROW AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:60.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This <b>ESCROW AGREEMENT</b> (this &#147;<b>Agreement</b>&#148;) is made and entered into as of November&nbsp;29, 2017, by and among WillScot Corporation, a corporation organized under the laws of the State of Delaware (the &#147;<b>Company</b>&#148;), Harry E. Sloan (&#147;<b>Sloan</b>&#148;), Double Eagle Acquisition LLC, a limited liability company organized under the laws of the&#160; State of Delaware (&#147;<b>Sponsor</b>&#148; and, together with, the &#147;<b>Founder Group</b>&#148;), Sapphire Holding S.&#224; r.l., a Luxembourg <i>soci&#233;t&#233; &#224; responsabilit&#233; limit&#233;e</i> (&#147;<b>Investor</b>&#148;), and Continental Stock Transfer&nbsp;&amp; Trust Company, as escrow agent (the &#147;<b>Escrow Agent</b>&#148;).&#160;&#160; Each of Sloan, the Sponsor, the Investor and the Escrow Agent are referred to herein individually as a &#147;<b>Party</b>&#148; and collectively as the &#147;<b>Parties</b>.&#148;</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:60.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Founder Group collectively owns 12,425,000 shares of Class&nbsp;A common stock, par value $0.0001 (collectively, the &#147;<b>Founder Shares</b>&#148;), of the Company;</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:60.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Company and certain other parties named therein are parties to that certain Stock Purchase Agreement, dated as of August&nbsp;21, 2017, as amended by that certain Amendment to Stock Purchase Agreement dated as of September&nbsp;6, 2017 and that certain Second Amendment to Stock Purchase Agreement dated as of November&nbsp;6, 2017 (as the same may be further amended, modified or otherwise supplemented from time to time in accordance with its terms, the &#147;<b>Purchase Agreement</b>&#148;), pursuant to which the Company is indirectly acquiring, through a wholly owned subsidiary, all of the issued and outstanding shares of Williams Scotsman International,&nbsp;Inc. (&#147;<b>Williams Scotsman</b>&#148;);</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:60.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, capitalized terms used herein and not otherwise defined shall the have respective meanings assigned to them in the Purchase Agreement;</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:60.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, it is a condition precedent to the Transactions contemplated by the Purchase Agreement that the Investor, or one or more of its affiliates, co-investors or syndicatees, contribute an Equity Investment, directly or indirectly, to the Company in exchange for capital stock of the Company, pursuant to the terms and conditions of that certain Subscription Agreement entered into contemporaneously herewith; and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, in exchange for and in consideration of the Equity Investment by the Investor, the Parties and the Company are entering into that certain Earnout Agreement contemporaneously herewith, in the form attached hereto as <u>Exhibit&nbsp;A</u>, pursuant to which the Founder Shares will be required to be held in escrow pursuant to the terms of this Agreement and will be released to the Founder Group or transferred to the Investor (or its nominee) upon the occurrence of certain triggering events as specifically set forth in the Earnout Agreement.</p>
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