SEC Contract Filing

Filing Date: 2018-05-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a51799367_ex101.htm
<DESCRIPTION>EXHIBIT 10.1
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 <b>Exhibit 10.1</b>
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 <b>STOCK REPURCHASE AGREEMENT</b>
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 <b>May 1, 2018</b>
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 1.&#160;&#160;<u>Purchase and Sale</u>.&#160;&#160;By signing below, the Ogawa
 Family Trust dated 7/6/98 (the &#8220;Selling Stockholder&#8221;) agrees to sell to
 CAI International, Inc. (the &#8220;Company&#8221;) an aggregate of 1,225,214 shares
 (the &#8220;Shares&#8221;) of common stock, par value $0.0001 per share, of the
 Company, and the Company, on the basis of the representations,
 warranties and agreements set forth herein and subject to the conditions
 set forth herein, agrees to purchase the Shares from the Selling
 Stockholder at a price equal to $27,947,131.34, which is calculated by
 multiplying (a) the number of Shares and (b) $22.81 per share.
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 2.&#160;&#160;<u>Payment</u>.&#160;&#160;Payment for the Shares shall be made by
 wire transfer in immediately available funds to the account specified by
 the Selling Stockholder immediately following delivery or crediting of
 the Shares to an account designated by the Company.
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 3.&#160;&#160;<u>Representations, Warranties and Agreements of the
 Selling Stockholder</u>.&#160;&#160;The Selling Stockholder represents and
 warrants to, and agrees with, the Company that:
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 &#160;&#160;&#160;(a)&#160;&#160;The Selling Stockholder has full right, power and authority to
 enter into this agreement and to sell, assign, transfer and deliver the
 Shares to be sold by the Selling Stockholder hereunder; this agreement,
 has been duly authorized, executed and delivered by the Selling
 Stockholder.
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 &#160;&#160;&#160;(b)&#160;&#160;The execution, delivery and performance by the Selling
 Stockholder hereof, the sale of the Shares to be sold by the Selling
 Stockholder and the consummation by the Selling Stockholder of the
 transactions contemplated herein will not (i) conflict with or result in
 a breach or violation of any of the terms or provisions of, or
 constitute a default under, or result in the creation or imposition of
 any lien, charge or encumbrance upon any property or assets of the
 Selling Stockholder pursuant to, any indenture, mortgage, deed of trust,
 loan agreement or other agreement or instrument to which the Selling
 Stockholder is a party or by which the Selling Stockholder is bound or
 to which any of the property or assets of the Selling Stockholder is
 subject or (ii) result in the violation of any law or statute or
 judgment, order, rule or regulation of any court or arbitrator or
 governmental or regulatory agency.
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 &#160;&#160;&#160;(c)&#160;&#160;The Selling Stockholder has good and valid title to the Shares,
 free and clear of all liens, encumbrances, equities or adverse claims;
 the Selling Stockholder will have, immediately prior to the closing of
 the transaction contemplated hereby, good and valid title to the Shares,
 free and clear of all liens, encumbrances, equities or adverse claims;
 and, upon delivery and transfer of the Shares and payment therefor
 pursuant hereto, good and valid title to such Shares, free and clear of
 all liens, encumbrances, equities or adverse claims, will pass to the
 Company.
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 &#160;&#160;&#160;(d)&#160;&#160;As of the date hereof, and as of the closing of the transaction
 contemplated hereby, as the case may be, the sale of the Shares by the
 Selling Stockholder is not, and will not be, prompted by any material
 non-public information concerning the Company.
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 &#160;&#160;&#160;(e)&#160;&#160;The Selling Stockholder acknowledges that none of the Company or
 its affiliates (other than the Selling Stockholder, who is currently a
 director of the Company or an affiliate of a director of the Company) or
 agents is acting as a fiduciary or financial or investment adviser to
 the Selling Stockholder, and has not given the Selling Stockholder any
 investment advice, opinion or other information on whether the transfer
 of the Shares is prudent.&#160;&#160;The Selling Stockholder understands and
 acknowledges that the Company is not making, and has not made, any
 statement, representation or warranty to the Selling Stockholder
 concerning: (w) the fairness or adequacy of the price for the Shares;
 (x) the current or likely future value of the Shares; (y) the markets,
 business, services, management, technical or marketing capabilities,
 financial affairs or prospects of the Company; or (z) any other matter
 that has been relied upon by the Selling Stockholder or the Selling
 Stockholder&#8217;s legal counsel or advisors in assessing the value of the
 Shares or determining whether to enter into this agreement upon the
 terms and conditions set forth herein.
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 <u>4.&#160;&#160;Miscellaneou