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Exhibit 4.3
REGISTRATION RIGHTS AGREEMENT
This Registration Rights Agreement (the "Agreement"), dated as of March
31, 1998, is entered into by and among SUPERSHUTTLE INTERNATIONAL, INC., a
Delaware corporation (the "Company"), and the shareholders of TAMARACK
TRANSPORTATION, INC., a California corporation ("Tamarack") as listed on Exhibit
A attached hereto (the "Shareholders").
WHEREAS, the Company has entered into an Amended and Restated Agreement
and Plan of Reorganization and Merger dated as of the date hereof, by and among
the Company, SuperShuttle Acquisition Co. I, Tamarack, and the Shareholders (the
"Plan of Merger") pursuant to which the Shareholders shall receive an aggregate
of 731,621 shares of Common Stock, $.01 par value per share (the "Common
Stock"), of the Company; and
WHEREAS, pursuant to the terms of the Plan of Merger, the Company has
agreed to provide the Shareholders with certain registration rights with respect
to such shares in connection with a contemplated initial registration of the
Company's securities with the Commission (as defined in Section 9 below) for
sale to the public (the "Public Offering");
NOW, THEREFORE, in consideration of the mutual promises and covenants
contained in this Agreement, the parties hereto agree as follows:
1. Required Registration.
a. If within twelve months of the effective date of the Company's
initial registration for its Public Offering (the "Time Period") the Company has
not filed and caused to be declared effective a Registration Statement (as
defined in Section 9 below) so that all the shares of the Common Stock issued to
the Shareholders are eligible to be offered and sold under the Securities Act
(as defined in Section 9 below), the holder(s) of a majority of the Registrable
Shares (as defined in Section 9 below), provided that the Company is eligible to
register securities on Form S-3, shall have the right, any time after the Time
Period, to request registration (a "Demand Registration") under the Securities
Act, of any and all Registrable Shares, upon the terms, and subject to the
conditions, set forth herein. The Company covenants and agrees to timely file
all reports required to be filed by the Company pursuant to the Exchange Act (as
defined in Section 9 below) during the term of this Agreement.
b. One or more Shareholders holding a majority of the Registrable
Shares (the "Initiating Shareholders") may elect to exercise the right to
request a Demand Registration pursuant to this Section 1 by furnishing the
Company with written notice thereof (a "Demand Notice"). Upon receipt by the
Company of a Demand Notice, the Company shall promptly notify each other
Shareholder in writing of the Demand Notice received by the Company. Upon
receipt of such notice from the Company (the "Company Notice"), each such
Shareholder may give the Company a written
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request to register all or some of such Shareholder's Registrable Shares in the
registration described in the Company Notice, provided that such written request
is received within twenty (20) days after the date on which the Company Notice
is given (with such request stating (i) the amount of Registrable Shares to be
included, (ii) such Shareholder's intended method of distribution of such
Registrable Shares and (iii) any other information reasonably requested by the
Company to properly effect the registration of such Registrable Shares). The
Company shall as soon as practicable after the date on which the Company Notice
is given, but in no event less than 20 days from receipt of the Company notice
and no more than 45 days from receipt by the Company of the Demand Notice, file
with the Commission and use its commercially reasonable best efforts to promptly
cause to become effective no later than 60 days from filing a Registration
Statement on Form S-3 which shall cover the Registrable Shares specified in the
Demand Notice and in any written request from any other Shareholder received by
the Company within twenty (20) days from the date on which the Company Notice is
received.
c. The Registration Statement filed pursuant to the request of
the Initiating Shareholders may, subject to the provisions of Section 1(d)
below, include other securities of the Company which are held by persons who, by
virtue of agreements entered into with the Company prior or subsequent to the
date of this Agreement, are entitled to include their securities in such
registration.
If the Selling Shareholders who own a majority of the
Registrable Shares request registration, the public offering or distribution of
Registrable Shares pursuant to a Demand Registration shall be pursuant to a firm
commitment underwriting, the underwriters of which shall be an investment
banking firm selected and engaged by the Company (subject to the approval of the
Selling Shareholders, which approval shall not be unreasonably withheld).
If, by virtue of agreements with the Company, the holders of
other securities of the Company (the "Other Holders") request and are entitled
to inclusion in such registration, the Company shall, on behalf of all
Shareholders, offer to the Other Holders that such other securities be included
in the underwriting and may condition such offer on the acceptance by such Other
Holders of the further provisions of this Section 1. The Company shall (together
with all Shareholders and Other Holders proposing to distribute their securities
through such underwriting) enter into an underwriting agreement with the
representative of the underwriter or underwriters.
Notwithstanding any other provision of this Agreement, if the
representative of the underwriter or underwriters advises the Company in writing
that marketing factors require a limitation of the number of shares to be
underwritten, then the Company shall so advise all Shareholders and Other
Holders of securities which would otherwise be underwritten pursuant hereto, and
the number of shares of Registrable Securities and such other securities that
may be included in the registration and underwriting shall be allocated among
the Shareholders and the Other Holders in such proportion as the respective
number of shares each Shareholder and Other Holder requests to be included in
such registration bears to the total number of shares all Shareholders and Other
Holders request be included. All Registrable Securities or any other
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securities excluded from the underwriting by reason of the underwriter's
marketing limitation shall not be included in such registration.
If any Shareholder or Other Holder of other securities
entitled (upon request) to be included in such registration, disapproves of the
terms of the underwriting, such person may elect to withdraw therefrom by
written notice to the Company, the underwriter and the Initiating Shareholders.
The securities so withdrawn shall also be withdrawn from registration. If the
underwriter has not limited the number of Registrable Securities or other
securities to be underwritten, the Company may include its securities for its
own account in such registration if the underwriter so agrees and if the number
of Registrable Securities and other securities which would otherwise have been
included in such registration and underwriting will not thereby be limited.
d. The Company shall be obligated to register Shareholder stock
pursuant to this Section 1 on one occasion only, provided, however, that such
obligation shall be deemed satisfied only when a registration statement covering
all shares of Shareholder stock specified in notices received as aforesaid, for
sale in accordance with the method of disposition specified by the requesting
holders, shall have (i) become effective, or (ii) been withdrawn at the request
of the Shareholders requesting such registration (other than solely as a result
of material information concerning the business or financial condition of the
Company which is made known to such Shareholders after the date on which
registration was requested). In addition, the Company shall not be required to
effect any registration (other than on Form S-3 or any successor form relating
to secondary offerings) within 180 days after the effective date of any other
Registration Statement of the Company.
e. If at the time of any request to register Registrable Shares
pursuant to this Section 1, the Company is engaged or has fixed plans to engage
within 30 days of the time of the Demand Notice in a registered public offering
as to which the Shareholders may include Registrable Shares pursuant to Section
2, then the Company may at its option direct that such request be delayed for a
period not in excess of 120 days from the effective date of such offering or 120
days from the date of commencement of such other material activity, as the case
may be, such right to delay a request to be exercised by the Company not more
than once.
2. Piggy-back Registration.
a. The holders of the Registrable Shares shall have piggy-back
registration rights as provided for herein. Whenever the Company proposes to
file a Registration Statement it will, prior to such filing, give written notice
to all Shareholders of its intention to do so and, upon the written request of a
Shareholder or Shareholders given within 20 days after the Company provides such
notice (which request shall state the intended method of disposition of such
Registrable Shares), the Company shall use its reasonable best efforts to cause
all Registrable Shares which the Company has been requested by such Shareholder
or Shareholders to register to be registered under the Securities Act to the
extent necessary to permit their sale or other disposition in accordance with
the intended methods of distribution specified in the request of such
Shareholder or Shareholders.
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b. If, by virtue of agreements with the Company, the Other
Holders request and are entitled to inclusion in such registration, the Company
shall, on behalf of all Shareholders, offer to the Other Holders that such other
securities be included in the underwriting and may condition such offer on the
acceptance by such Other Holders of the further provisions of this Section 2.
The Company shall (together with all Shareholders and Other Holders proposing to
distribute their securities through such underwriting) enter into an
underwriting agreement with the representative of the underwriter or
underwriters selected for such underwriting.
Notwithstanding any other provision of this Agreement, if the
representative of the underwriter or underwriters advises the Company in writing
that marketing factors require a limitation of the number of shares to be
underwritten, then the Company shall so advise all Shareholders and Other
Holders of securities which would otherwise be underwritten pursuant hereto, and
the number of shares of Registrable Securities and such other securities that
may be included in the registration and underwriting shall be allocated among
the Shareholders and the Other Holders in such proportion as the respective
number of shares each Shareholder and Other Holder requests to be included in
such registration bears to the total number of shares all Shareholders and Other
Holders request be included. All Registrable Securities or any other securities
excluded from the underwriting by reason of the underwriter's marketing
limitation shall not be included in such registration.
If any Shareholder or Other Holder of other securities
entitled (upon request) to be included in such registration, disapproves of the
terms of the underwriting, such person may elect to withdraw therefrom by
written notice to the Company, the underwriter and the other Shareholders. The
securities so withdrawn shall also be withdrawn from registration.
c. The Company intends to register a certain number of currently
unissued shares of its common stock in an initial public offering ("IPO"). If
the Company and the managing underwriter or underwriters elect, in their sole
and absolute discretion, to register shares of common stock owned by Mitch Rouse
or Wilmington Cab Co. of California, Inc. or any holder of at least 25,000
shares of SuperShuttle common stock (as of the date of filing of the Form S-1
registration statement) for sale in the IPO, the Company shall provide the
Shareholders notice of its intent to register such shares 25 days prior to the
filing of the Form S-1 registration statement (the "Filing Date"). The
Shareholders may elect to include a number of their shares of SuperShuttle
common stock in the IPO by giving written notice to the Company no less than 20
days prior to the Filing Date of the number of shares requested to be included
therein. If, in the opinion of the managing underwriter or underwriters,
inclusion of all shares for which registration has been requested would
adversely affect the marketing of the shares to be sold, the Company shall
register (subject to the approval of the managing underwriter or underwriters)
up to 125,000 shares of SuperShuttle common stock owned by Mitch Rouse or
Wilmington Cab. Co. of California, Inc., up to 135,000 shares of SuperShuttle
common stock owned by holders of less than 25,000 shares, and the number of
shares to be registered of SuperShuttle common stock owned by any other holder
of at least 25,000 shares shall be reduced pro rata among the requesting holders
based on the number of shares of SuperShuttle common stock owned by such
holders.
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3. Registration Procedures. If and whenever the Company is required by the
provisions of Section 1 of this Agreement to use its reasonable best efforts to
effect the registration of any of the Registrable Shares under the Securities
Act, the Company shall:
a. prepare and file with the Commission a Registration Statement
with respect to such Registrable Shares and use its reasonable best efforts to
cause that Registration Statement to become and remain effective;
b. as expeditiously as possible prepare and file with the
Commission any amendments and supplements to the Registration Statement and the
prospectus included in the Registration Statement as may be necessary to keep
the Registration Statement effective, in the case of a firm commitment
underwritten public offering, until each underwriter has completed the
distribution of all securities purchased by it but not more than one year after
the effective date and, in the case of any other offering, until the earlier of
the sale of all Registrable Shares covered thereby or one year after the
effective date thereof;
c. as expeditiously as possible furnish to each Selling
Shareholder such reasonable numbers of copies of the prospectus, including a
preliminary prospectus, in conformity with the requirements of the Securities
Act, and such other documents as the Selling Shareholder may reasonably request
in order to facilitate the public sale or other disposition of the Registrable
Shares owned by the selling Shareholder; and
d. as expeditiously as possible use its reasonable best efforts
to register or qualify the Registrable Shares covered by the Registration
Statement under the securities or blue sky laws of such states as the Selling
Shareholders shall reasonably request, and do any and all other acts and things
that may be necessary or desirable to enable the Selling Shareholders to
consummate the public sale or other disposition in such states of the
Registrable Shares owned by the selling Shareholder.
If the Company has delivered preliminary or final prospectuses
to the Selling Shareholders and after having done so the prospectus is amended
to comply with the requirements of the Securities Act, the Company shall
promptly notify the Selling Shareholders and, if requested, the Selling
Shareholders shall immediately cease making offers of Registrable Shares and
return all prospectuses to the Company at the Company's sole cost and expense.
The Company shall promptly provide the Selling Shareholders with revised
prospectuses and, following receipt of the revised prospectuses, the Selling
Shareholders shall be free to resume making offers of the Registrable Shares.
4. Allocation of Expenses. The Company will pay all Registration Expenses
of all registrations under this Agreement. For purposes of this Section
4, the term "Registration Expenses" shall mean all expenses to be
incurred by the Company in complying with this Agreement, including,
without limitation, all registration and filing fees, exchange listing
fees, printing
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and shipping expenses, fees and expenses of counsel for the Company,
state blue sky fees and expenses. Notwithstanding the foregoing,
"Registration Expenses" shall not include any and all underwriting
discounts and selling commissions applicable to the sale of the
Registrable Securities.
5. Indemnification and Contribution.
a. In the event of any registration of any of the Registrable Shares
under the Securities Act pursuant to this Agreement, the Company will indemnify
and hold harmless the Selling Shareholder of such Registrable Shares, each
underwriter of such Registrable Shares, and each other person, if any, who
controls such Selling Shareholder or underwriter within the meaning of the
Securities Act or the Exchange Act against any losses, claims, damages or
liabilities, joint or several, to which such Selling Shareholder, underwriter or
controlling person may become subject under the Securities Act, the Exchange
Act, state securities or blue sky laws or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of any material
fact contained in any Registration Statement under which such Registrable Shares
were registered under the Securities Act, any preliminary prospectus or final
prospectus contained in the Registration Statement, or any amendment or
supplement to such Registration Statement, or arise out of or are based upon the
omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading; and the Company will
reimburse such Selling Shareholder, underwriter and each such controlling person
for any legal or any other expenses reasonably incurred by such Selling
Shareholder, underwriter or controlling person in connection with investigating
or defending any such loss, claim, damage, liability or action; provided,
however, that the Company will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is based upon any
untrue statement or omission made in such Registration Statement, preliminary
prospectus or final prospectus, or any such amendment or supplement, (i) in
reliance upon and in conformity with information furnished to the Company, in
writing, by or on behalf of such Selling Shareholder, underwriter or controlling
person specifically for use in the preparation thereof or (ii) which untrue
statement was corrected by the Company and delivered to the Selling Shareholder
prior to consummation of the sale by the Selling Shareholder resulting in such
loss, claim, damage or liability.
b. In the event of any registration of any of the Registrable Shares
under the Securities Act pursuant to this Agreement, each Selling Shareholder of
Registrable Shares, severally and not jointly, will indemnify and hold harmless
the Company, each of its directors and officers and each underwriter (if any)
and each person, if any, who controls the Company or any such underwriter within
the meaning of the Securities Act or the Exchange Act, against any losses,
claims, damages or liabilities, joint or several, to which the Company, such
directors and officers, underwriter or controlling person may become subject
under the Securities Act, Exchange Act, state securities or blue sky laws or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of a material
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fact contained in any Registration Statement under which such Registrable Shares
were registered under the Securities Act, any preliminary prospectus or final
prospectus contained in the Registration Statement, or any amendment or
supplement to the Registration Statement, or arise out of or are based upon any
omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, provided that such
statement or omission was made in reliance upon and in conformity with
information relating to such Selling Shareholder furnished in writing to the
Company by and on behalf of such Selling Shareholder specifically for use in
connection with the preparation of such Registration Statement, prospectus,
amendment or supplement; provided, however, that the obligations of such Selling
Shareholders hereunder shall be limited to an amount equal to the proceeds to
each Selling Shareholder of Registrable Shares sold in connection with such
registration.
c. Each party entitled to indemnification under this Section 5 (the
"Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of any such claim or any
litigation resulting therefrom; provided, however, that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or litigation,
shall be approved by the Indemnified Party (whose approval shall not be
unreasonably withheld); and, provided, further, that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Section 5, except to the extent
that such delay prejudices such indemnifying party. The Indemnified Party may
participate in such defense at such party's expense; provided, however, that the
Indemnifying Party shall pay such expense if representation of such Indemnified
Party by the counsel retained by the Indemnifying Party would be inappropriate
due to actual or potential differing interests between the Indemnified Party and
any other party represented by such counsel in such proceeding. No Indemnifying
Party, in the defense of any such claim or litigation shall, except with the
consent of each Indemnified Party, consent to entry of any judgment or enter
into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such Indemnified Party of a release from
all liability in respect of such claim or litigation, and no Indemnified Party
shall consent to entry of any judgment or settle such claim or litigation
without the prior written consent of the Indemnifying Party.
d. If the indemnification provided for under this Section 5 is
unavailable to or insufficient to hold the Indemnified Party harmless under
subparagraphs (a) or (b) above in respect of any losses, claims, damages or
liabilities (or actions in respect thereof) referred to therein for any reason
other than as specified therein, then the Indemnifying Party shall contribute to
the amount paid or payable by such Indemnified Party as a result of such losses,
claims, damages or liabilities (or actions in respect thereof) (i) in such
proportion as is appropriate to reflect the relative benefits received by the
Indemnifying Party on the one hand and such Indemnified Party on the other from
the subject offering or distribution or (ii) if the allocation provided by
clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Indemnifying Party on the one
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hand and such Indemnified Party on the other in connection with the statements
or omissions which resulted in such losses, claims, damages or liabilities (or
actions in respect thereof) as well as any other relevant equitable
considerations. The relative benefits received by the Indemnifying Party on the
one hand and the Indemnified Party on the other hand shall be deemed to be in
the same proportion as the net proceeds of the offering or other distribution
(after deducting expenses) received by the Indemnifying Party bears to the net
proceeds of the offering or other distribution (after deducting expenses)
received by the Indemnified Party. The relative fault shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by (or omitted to be supplied by) the Company or
the Selling Shareholder, the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission,
the relative benefits received by each party from the sale of the Registrable
Shares and any other equitable considerations appropriate under the
circumstances. The amount paid or payable by an Indemnified Party as a result of
the losses, claims, damages or liabilities (or actions in respect thereof)
referred to above in this subsection (d) shall be deemed to include any legal or
other expenses reasonably incurred by such Indemnified Party in connection with
investigating or defending any such action or claim. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation.
6. Indemnification with Respect to Underwritten Offering. In the event that
Registrable Shares are sold pursuant to a Registration Statement in an
underwritten offering pursuant to Section 1 or 2 hereof, the Company agrees to
(i) enter into an underwriting agreement containing customary representations
and warranties with respect to the business and operations of an issuer of the
securities being registered and customary covenants and agreements to be
performed by such issuer, including without limitation customary provisions with
respect to indemnification by the Company of the underwriters of such offering,
and (ii) provide such other documents and agreements customarily delivered by an
issuer in an underwritten public offering, including, without limitation,
customary opinions of counsel and accountant "cold comfort" letters.
7. Information by Shareholder. Each Shareholder including Registrable Shares in
any registration shall furnish to the Company such information regarding such
Shareholder and the distribution proposed by such Shareholder as the Company may
reasonably request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this Agreement. The
Shareholders shall perform all acts reasonably necessary to effect the
registration of the Registrable Shares.
8. Termination. All of the Company's obligations to register Registrable Shares
under this Agreement shall terminate upon the exercise of the repurchase right
pursuant to Section 5.2 of the Plan of Merger.
9. Certain Definitions. As used in this Agreement, the following terms shall
have the following respective meanings:
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"Commission" means the Securities and Exchange Commission, or
any other federal agency at the time administering the Securities Act.
"Common Stock" means the common stock, par value $.01 per
share, of the Company.
"Exchange Act" means the Securities Exchange Act of 1934, as
amended, or any similar federal statute, and the rules and regulations
promulgated thereunder, all as the same shall be in effect at the time.
"Registration Expenses" means the expenses described in
Section 4.
"Registrable Shares" shall mean shares of Common Stock issued
to the Shareholders pursuant to the Purchase Agreements and any other shares of
capital stock of the Company issued to the Shareholders in respect of such
shares as a result of stock splits, stock dividends, reclassification,
recapitalizations, mergers, consolidations or similar events. References in this
Agreement to amounts or percentages of Registrable Shares as of or on any
particular date shall be deemed to refer to amounts or percentages after giving
effect to any applicable events contemplated by the preceding sentence.
"Registration Statement" shall mean any registration statement
of the Company, including, without limitation, an initial Registration
Statement, on any form (to be selected by the Company) for which the Company
then qualifies and which permits the secondary resale thereunder of Registrable
Shares. The term Registration Statement shall also include all exhibits and
financial statements and schedules and documents incorporated by reference in
such Registration Statement when it becomes effective under the Securities Act,
and in the case of the references to the Registration Statement as of a date
subsequent to the effective date, as amended or supplemented as of such date.
"Securities Act" means the Securities Act of 1933, as amended,
or any similar federal statute, and the rules and regulations promulgated
thereunder, all as the same shall be in effect at the time.
"Selling Shareholder" shall mean any Shareholder whose
Registrable Shares are included at the request of such Shareholder in any
Registration Statement filed pursuant this Agreement.
"Shareholder" shall mean a Shareholder (as defined in the
preamble to this Agreement) or any transferee of Registrable Shares, if such
transferee has executed a counterpart hereof at the time of the transfer to such
transferee, unless the Registrable Shares held by such transferee are acquired
in a public distribution pursuant to a registration statement under the
Securities Act.
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10. General.
a. Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be deemed to have been
given if sent by registered or certified mail, first class postage prepaid,
return receipt requested, to the address of such parties set forth on the
signature pages of this Agreement or such other future address as may be
specified by any party by notice to all of the other parties. Such
communications may also be given by personal delivery, by facsimile or by
regular mail, but shall be effective only if and when actually received.
b. Entire Agreement. This Agreement embodies the entire agreement and
understanding between the parties hereto with respect to the subject matter
hereof and supersedes all prior agreements and understandings relating to such
subject matter.
c. Amendments and Waivers. Any term of this Agreement may be amended
with the written consent of the Company and each of the Shareholders. No waivers
of or exceptions to any term, condition or provision of this Agreement, in any
one or more instances, shall be deemed to be, or construed as, a further or
continuing waiver of any such term, condition or provision. A party hereto may
waive the performance of any covenant for its benefit (either generally or in a
particular instance and either retroactively or prospectively), provided,
however, that no such waiver shall be effective unless in writing and signed by
such party.
d. Severability. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.
e. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of California without regard to its
principals of conflicts of law.
f. Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same instrument.
g. Successors and Assigns. This Agreement shall inure to the benefit
of, and be binding upon, the successors, assigns and transferees of each of the
parties hereto.
h. Effect of Termination. In the event of termination of this Agreement
as provided in Section 8, this Agreement shall become void and there shall be no
liability or further obligation hereunder on the part of the Company, Tamarack,
or the Shareholders.
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IN WITNESS WHEREOF, the Company and the Shareholders have executed this
Agreement as of the 31st day of March, 1998.
COMPANY
SUPERSHUTTLE INTERNATIONAL, INC.
By: /s/ Thomas C. LaVoy
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Thomas C. LaVoy, Chief Financial Officer
Address for Notice:
4610 South 35th Street
Phoenix, AZ 85040
Telecopy: (602) 243-6446
with a copy to:
Squire, Sanders & Dempsey L.L.P.
Two Renaissance Square
40 North Central Avenue, Suite 2700
Phoenix, AZ 85004
Telecopy: (602)253-8129
SHAREHOLDERS
/s/ Gene Hauck
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Gene Hauck
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Address for Notice:
Tamarack Transportation, Inc.
531 Van Ness Avenue
Torrance, CA 90501
With a copy to:
Petillon & Hansen
1260 Union Bank Tower
21515 Hawthorne Boulevard
Torrance, CA 90503
Telecopy: (310) 543-0550
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EXHIBIT A
Tamarack Shareholders
Gene Hauck
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