Pledge Amendment to Pledge Agreement by Neff Rental, Inc. and Wells Fargo Bank, N.A. (May 2006)

Summary

This Pledge Amendment, dated May 2006, is an addendum to the Pledge Agreement originally signed on July 8, 2005, between Neff Rental LLC, Neff Finance Corp., Neff Rental, Inc., and Wells Fargo Bank, N.A. as Agent. It certifies that the representations and warranties in the original agreement remain true and adds new shares and indebtedness to the collateral securing the obligations under the agreement. The amendment also restricts the pledgor from using the pledged assets as security for other obligations without the Agent's consent.

EX-4.9B 8 a2171486zex-4_9b.htm EXHIBIT 4.9B

Exhibit 4.9b

 

EXECUTION COPY


PLEDGE AMENDMENT

This Pledge Amendment dated May ___, 2006 is delivered pursuant to Section 6(d) of the Pledge Agreement referred to below.  All defined terms herein shall have the meanings ascribed thereto or incorporated by reference in the Pledge Agreement.  The undersigned hereby certifies that the representations and warranties in Section 5 of the Pledge Agreement are and continue to be true and correct, both as to the promissory notes, Instruments and shares pledged prior to this Pledge Amendment and as to the promissory notes, Instruments and shares pledged pursuant to this Pledge Amendment.  The undersigned further agrees that this Pledge Amendment may be attached to the Pledge Agreement dated as of July 8, 2005, by and among Neff Rental LLC, Neff Finance Corp., Neff Rental, Inc. and each other Person that becomes party thereto as a pledgor, and Wells Fargo Bank, National Association, as the Agent (the “Pledge Agreement”) and that the Pledged Shares and Pledged Indebtedness listed on this Pledge Amendment shall be and become a part of the Pledged Collateral referred to in said Pledge Agreement and shall secure all Secured Obligations referred to in said Pledge Agreement.  The undersigned Pledgor acknowledges and agrees that any promissory notes, Instruments or shares not included in the Pledged Collateral at the discretion of the Agent may not otherwise be pledged by Pledgor to any other Person or otherwise used as security for any obligations other than the Secured Obligations.

 

 

NEFF RENTAL, INC.,

 

 

 

 

By

 

 

 

Name:

 

 

Title:

 

Pledgor

 

Pledged Entity

 

Class
of Stock

 

Certificate
Number(s)

 

Number
of Shares

Neff Rental, Inc.

 

Valley Rents and

 

Common

 

1

 

100

 

 

Ready Mix, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pledgor

 

Description of
Pledged
Indebtedness

 

Initial
Principal Amount

 

Issue Date

 

Maturity
Date

 

Interest
Rate