MANAGEMENT MEMBERS AGREEMENTLLC Membership Agreement |
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Exhibit 10.63
MANAGEMENT MEMBERS AGREEMENT
CONCERNING
NALCO LLC
DATED AS OF
JUNE 11, 2004.
1
This MANAGEMENT
MEMBERS AGREEMENT (the ‘‘Agreement’’) dated as
of June 11, 2004 by and among Nalco LLC (the ‘‘Company’’),
a Delaware limited liability company and the Persons who are or after the date
hereof become signatories hereto (the ‘‘Management Members’’).
RECITALS
WHEREAS, the
Company is governed by that certain Second Amended and Restated Limited
Liability Company Operating Agreement (the ‘‘LLC Agreement’’)
dated as of May 17, 2004.
WHEREAS, the
Management Members will be providing services to the Company or its Affiliates.
WHEREAS, each
Management Member will subscribe for and acquire from the Company, and the
Company will issue and sell to each Management Member, the Company’s
Class A Units (the ‘‘Units’’), in the amounts
set forth on Schedule A to the LLC Agreement, as the same may be amended
from time to time;
WHEREAS, it is a
condition to the sale of the Units that the Management Members enter into this
Agreement;
WHEREAS, the
Management Members will enter into the Registration Rights Agreement; and
NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as follows:
ARTICLE
I
Management
Members’ Representations, Warranties and Agreements
Section
1.01. Units Unregistered. Each
Management Member acknowledges and represents that such Management Member has
been advised by the Company that:
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