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As Of Filer Filing For·On·As Docs:Size Issuer Agent 12/04/09 KAR Auction Services, Inc. S-1/A 14:883K RR Donnelley/FA |
Document/Exhibit Description Pages Size
1: S-1/A Amendment No.4 to Form S-1 HTML 304K
2: EX-3.1(A) Form of Amended and Restated Certificate of HTML 44K
Incorporation
3: EX-3.2 Form of Amended and Restated By-Laws of Kar HTML 139K
Auction Services, Inc.
4: EX-5.1 Form of Opinion of Skadden, Arps, Slate, Meagher & HTML 17K
Flom LLP
6: EX-10.18(B) Form of Annual Advisory Fee Termination - HTML 13K
Goldman, Sachs & Co.
7: EX-10.19(B) Form of Annual Advisory Fee Termination - HTML 13K
Valueact Capital Master Fund
8: EX-10.20(B) Form of Annual Advisory Fee Termination - Pcap, HTML 13K
L.P.
9: EX-10.23(A) Amendment to Second Amended and Restated LLC HTML 29K
Agreement
10: EX-10.62 Form of Kar Auction Services, Inc. 2009 Omnibus HTML 82K
Stock and Incentive Plan
11: EX-10.63 Form of Kar Auction Services, Inc. Employee Stock HTML 44K
Purchase Plan
12: EX-10.64 Form of Kar Auction Services, Inc. Non-Employee HTML 86K
Director Deferred Comp. Plan
13: EX-10.65 Form of Nonqualified Stock Option Agreement HTML 35K
14: EX-10.66 Form of Restricted Share Agreement HTML 33K
5: EX-10.8(B) Form of Annual Advisory Fee Termination - Kelso & HTML 14K
Company, L.P.
| Form of Annual Advisory Fee Termination - Goldman, Sachs & Co. |
Exhibit 10.18b
Form of Annual Advisory Fee Termination
[KAR Auction Services, Inc. Letterhead]
December [ ], 2009
Goldman, Sachs & Co.
85 Broad Street
Ladies and Gentlemen:
Reference is made to the Financial Advisory Agreement (the “Advisory Agreement”), dated as of April 20, 2007 and attached hereto as Annex A, whereby KAR Auction Services, Inc. (formerly, KAR Holdings, Inc.) (the “Company”) agreed to retain you, Goldman, Sachs & Co. (“Goldman”), and any of your affiliates or designees (collectively, with Goldman, the “Goldman Group”), among other things, to provide consulting and advisory services to the Company commencing on the date thereof for a term ending on the date on which Goldman and its affiliates or any private equity funds managed by Goldman cease to own, directly or indirectly, any equity interests of the Company.
In connection with the settlement of the initial public offering (the “Offering”) of [23,000,000] shares of the Company’s common stock, par value $0.01 per share, on the date hereof, the Company and the Goldman Group hereby agree that the annual advisory fee (the “Annual Advisory Fee”) described in the Advisory Agreement [and the obligations of the Goldman Group to provide services under the Advisory Agreement shall, in each case,] be terminated, effective upon payment referenced in the following sentence. In consideration for the termination of the Annual Advisory Fee, the Company agrees to pay Goldman a one-time fee of $3,103,584.18 concurrent with the settlement of the Offering.
All other obligations of the Company set forth in the Advisory Agreement shall survive the termination of the Annual Advisory Fee.
This letter agreement shall be governed by the laws of the State of New York.
[Remainder of the page intentionally left blank]
If you are in agreement with the foregoing, kindly so indicate by signing a counterpart of this letter, whereupon it will become a binding agreement between us.
| Very truly yours, | ||
| KAR AUCTION SERVICES, INC. | ||
| By: |
| |
| Name: | ||
| Title: | ||
Agreed and accepted:
Goldman, Sachs & Co.
| By: |
| |||
| Name: | ||||
| Title: |
Annex A
Financial Advisory Agreement
| This ‘S-1/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 12/4/09 | None on these Dates | ||
| 4/20/07 | ||||
| List all Filings | ||||
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