Exhibit 5
VOTING AGREEMENT
This VOTING AGREEMENT (this "Agreement") is made as of November 19,
1998 between ___________________ (the "Stockholder") and Charter URS LLC
("Charterhouse").
WHEREAS, the Stockholder beneficially owns shares of Common Stock, par
value $.001 per share (the "Common Stock") of United Road Services, Inc. (the
"Company") and options to purchase shares of Common Stock of the Company;
WHEREAS, the Company and Charterhouse have entered into the Purchase
Agreement, dated of even date herewith (the "Purchase Agreement"), pursuant to
which the Company is issuing and selling $43,500,000 aggregate principal amount
of 8% Convertible Subordinated Debentures due 2008, of the Company (the
"Debentures") to Charterhouse at the First Closing (as defined in the Purchase
Agreement) and, subject to the approval of the stockholders of the Company, the
Company will issue and sell an additional $31,500,000 aggregate principal amount
of the Debentures at the Second Closing (as defined in the Purchase Agreement)
so that $75 million in aggregate principal amount of Debentures will be
outstanding. Capitalized terms used herein and not otherwise defined shall have
the meanings ascribed to them in the Purchase Agreement.
WHEREAS, the execution and delivery of this Agreement is a condition to
the closing of the Purchase Agreement.
NOW, THEREFORE, in consideration of the mutual promises and agreements
set forth herein, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:
At any special meeting of the stockholders of the Company duly called
with respect to the 20% Issuance and at any adjournment thereof, and with
respect to any consent solicited with respect to the 20% Issuance, the
Stockholder shall vote all shares of Common Stock of the Company held by the
Stockholder at such time in favor of the 20% Issuance. The Stockholder, if then
a holder of shares of Common Stock of the Company, shall be present, in person
or by proxy, at all meetings of stockholders of the Company and at any
adjournment thereof at which the 20% Issuance is put to a vote.
IN WITNESS WHEREOF, the undersigned have executed, or have caused to be
executed, this Agreement on the date first written above.
Charter URS LLC
By:
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Xxxxxxx X. Xxxxxxx
Senior Vice President
STOCKHOLDER
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Stockholder