The Traxis Group B.V. c/o Cerberus Capital Management L.P.
Exhibit 10.4
The Traxis Group B.V.
c/o Cerberus Capital Management L.P.
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
September 21, 2014
Xxxxxxxx Capital Partners I LLC
c/x Xxxxxxxx Capital LLC
00 Xxxxx Xxxxxx Xxxxx
Xxxxx 0000
Attention: Xxxxxx X. Xxxxxxxx
Re: Xxxxxxxx Capital Acquisition Corp. Directors
Dear Xx. Xxxxxxxx:
Concurrently with this letter, The Traxis Group B.V., a limited liability company existing under the laws of the Netherlands (“Seller”), is entering into that certain Purchase Agreement, dated as of the date hereof (as it may be amended, the “Purchase Agreement”), with Xxxxxxxx Capital Acquisition Corp., a Delaware corporation (“Purchaser”). The Purchase Agreement provides that at the closing of the transactions contemplated by the Purchase Agreement, Purchaser’s certificate of incorporation will be amended and restated to, among other things, provide that Purchaser’s directors can be removed with or without cause by the stockholders. Any capitalized term used but not defined herein will have the meaning ascribed to such term in the Purchase Agreement.
As inducement to Xxxxxxxx Capital Partners I LLC (“Xxxxxxxx”) to approve the Purchase Agreement on behalf of Purchaser, Seller hereby acknowledges and agrees that from and after the Closing through the 2017 annual meeting of stockholders of Purchaser (or any successor to Purchaser), it will not, and will cause its Affiliates to not, vote or provide consent, directly or indirectly, to remove, Xxxxxx Xxxxxxxx or Xxxxx Xxxxxxxx as directors of Purchaser (or any successor to Purchaser) without cause.
Seller further agrees that, from and after the Closing through the 2017 annual meeting of stockholders of Purchaser (or any successor to Purchaser), it shall be a condition precedent to any transfer, sale or other disposition to any Affiliate of Seller of shares of Purchase Price Common Stock received by Seller pursuant to the Purchase Agreement that such Affiliate agrees to be bound by the restrictions set forth herein.
This letter shall be governed by and construed under the laws of the State of Delaware without giving effect to any conflict of law provisions.
[Remainder of Page Intentionally Left Blank; Signature Page Follows]
Sincerely,
The Traxis Group B.V. | ||
By: | /s/ Dev Xxxxxxx | |
Name: | Dev Xxxxxxx | |
Title: | Managing Director |
Acknowledged and agreed, effective as of the date first set forth above:
Xxxxxxxx Capital Partners I LLC | ||
By: | Xxxxxxxx Capital LLC, its managing member | |
By: | /s/ Xxxxxx X. Xxxxxxxx | |
Name: | Xxxxxx X. Xxxxxxxx | |
Title: | Managing Member |
[Signature Page to Xxxxxxxx Director Letter]