EX-10.2 29 y88696a1exv10w2.txt AGREEMENT TO TERMINATE STOCKHOLDERS AGREEMENT Exhibit 10.2 AGREEMENT TO TERMINATE STOCKHOLDERS AGREEMENT This Agreement to Terminate Stockholders Agreement is made and entered into as of the 4th day of August, 2003, by and among Nelnet Loan Services, Inc., f/k/a UNIPAC Service Corporation (the "Company"), and stockholders of the Company (and, if applicable, their respective spouses) who have executed that certain Stockholders Agreement for UNIPAC Service Corporation dated as of March 2, 2000 (the "Stockholders Aggregate"). WHEREAS, the parties hereto entered into the Stockholders Agreement, and now wish to terminate the Stockholders Agreement in full in the manner specified herein. NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants herein contained, the parties hereto agree as follows: 1. Termination of Stockholders Agreement. The Stockholders Agreement shall be terminated, voided and cancelled, effective upon the closing of the Company's initial public offering of shares of common stock of the Company. Such termination shall be effected without further action by the parties to the Stockholders Agreement. This Agreement to Terminate Stockholders Agreement is conditioned upon the closing of said initial public offering, and thus shall not terminate the Stockholders Agreement until and unless such closing occurs. 2. Counterparts. This Agreement to Terminate Stockholders Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original instrument, but all of which together shall constitute one and the same instrument. Nelnet Loan Services, Inc., f/k/a UNIPAC Service Corporation By: Michael S. Dunlap _____________________________ Title: President _____________________________ By: /s/Michael S. Dunlap ------------------------------- Michael S. Dunlap By: /s/Terri Dunlap ------------------------------- Terri Dunlap By: /s/Stephen F. Butterfield ------------------------------- Stephen F. Butterfield By: /s/Angie Mulheisen ------------------------------- Angie Mulheisen By: /s/Dan Mulheisen ------------------------------- Dan Mulheisen By: /s/Ross Wilcox ------------------------------- Ross Wilcox Packers Service Group, Inc. By: /s/William Eastwood ------------------------------- William Eastwood UBATCO Profit Sharing Plan By: /s/Milton G. Willmend ------------------------------- Milton G. Willmend Ross and Judy Wilcox Charitable Lead Trust By: Union Bank and Trust Company, as Trustee By: /s/R. David Wilcox ------------------------------- R. David Wilcox Senior Vice President and Trust Officer By: /s/Jeffrey Schumacher and ------------------------------- Lauara Schumacher ------------------------------- Jeffrey and Laura Schumacher By: /s/Ed Perry ------------------------------- Ed Perry By: /s/Joan Perry ------------------------------- Joan Perry By: /s/Jay Dunlap ------------------------------- Jay Dunlap Phyllis Dunlap, Estate of By: /s/Gerry A. Dunlap ------------------------------- Gerry A. Dunlap Personal Representative By: /s/Mary C. Mills ------------------------------- Mary C. Mills By: /s/Steven Mills ------------------------------- Steven Mills -2- By: /s/Mary C. Mills ------------------------------- Mary C. Mills as custodian for Katherine Mills By: /s/Mary C. Mills ------------------------------- Mary C. Mills as custodian for Andrew Mills By: /s/Judy Phipps ------------------------------- Judy Phipps By: /s/Rand Phipps ------------------------------- Rand Phipps By: /s/Laura Phipps ------------------------------- Laura Phipps By: /s/Judy Phipps ------------------------------- Judy Phipps as custodian for Perry Phipps By: /s/Judy Phipps ------------------------------- Judy Phipps as custodian for Emily Phipps By: /s/James Perry ------------------------------- James Perry By: /s/Gail Perry ------------------------------- Gail Perry -3- By: /s/James Perry ------------------------------- James Perry as custodian for Hanson Perry By: /s/Phoebe Perry ------------------------------- Phoebe Perry By: /s/James Perry ------------------------------- James Perry as custodian for Bianca Perry By: /s/Gregory Perry ------------------------------- Gregory Perry By: /s/Genelle Perry ------------------------------- Genelle Perry By: /s/Gregory Perry ------------------------------- Gregory Perry as custodian for Brittany Perry By: /s/Gregory Perry ------------------------------- Gregory Perry as custodian for Bailey Perry By: /s/Gregory Perry ------------------------------- Gregory Perry as custodian for Griffin Perry By: /s/Gregory Perry ------------------------------- Gregory Perry as custodian for Mason Perry -4- By: /s/Jack Y. Perry ------------------------------- Jack Young Perry By: /s/Margaret Perry ------------------------------- Margaret Perry By: /s/Jack Young Perry ------------------------------- Jack Young Perry as custodian for Carly Young Perry By: /s/Jack Young Perry ------------------------------- Jack Young Perry as custodian for Mitchell Young Perry By: /s/Jack Young Perry ------------------------------- Jack Young Perry as custodian for Edwin James Perry By: /s/Priscilla Perry Heffelfinger ------------------------------- Priscilla Perry Heffelfinger By: /s/James Heffelfinger ------------------------------- James Heffelfinger By: /s/Priscilla Perry Heffelfinger ------------------------------- Priscilla Perry Heffelfinger as custodian for Cedar Heffelfinger By: /s/Priscilla Perry Heffelfinger ------------------------------- Priscilla Perry Heffelfinger as custodian for Linden Heffelfinger -5- By: /s/Tom Ostergard ------------------------------- Tonn Ostergard By: /s/Phyllis Acklie ------------------------------- Phyllis Acklie By: /s/Dan Muhleisen ------------------------------- Angie Muhleisen ------------------------------- Dan and Angie Muhleisen By: /s/Steve Bartels ------------------------------- /s/Deborah Bartels ------------------------------- Steve and Deborah Bartels By: /s/Steve Bartels ------------------------------- Steve Bartels By: /s/Diane Kremer ------------------------------- Diane Kremer By: /s/Judith Eicher ------------------------------- Judith Eicher By: /s/Neal Tyner ------------------------------- Neal Tyner Great Plains Financial LLC By: /s/Don Bouc ------------------------------- Don Bouc Sole Member -6- By: /s/Don Bouc ------------------------------- Don Bouc By: /s/Mark Schilmoeller ------------------------------- Mark Schilmoeller By: /s/Tim Bornemeier ------------------------------- Tim Bornemeier By: /s/Rebecca Pollock ------------------------------- Rebecca Pollock By: /s/Terry J. Heimes ------------------------------- Terry J. Heimes By: /s/Anne Frey ------------------------------- Ann Frey By: /s/James Kruger ------------------------------- James Kruger By: /s/Scott Spethman ------------------------------- Scott Spethman By: /s/Deborah Bartels ------------------------------- Deborah Bartels By: /s/Shirley Dunlap ------------------------------- Shirley Dunlap -7- By: /s/Jeffrey Noordhoek ------------------------------- Jeffrey Noordhoek By: /s/Daniel Kaplan ------------------------------- Daniel Kaplan By: /s/Thomas Duncan ------------------------------- Thomas Duncan By: /s/Marphy Butterfield ------------------------------- Marphy Butterfield By: /s/Kenneth Backemeyer ------------------------------- Kenneth Backemeyer By: /s/Darrin Jameson ------------------------------- Darrin Jameson By: /s/Todd Eicher ------------------------------- Todd Eicher By: /s/Joe Bird ------------------------------- Joe Bird By: /s/Edward Martinez ------------------------------- Edward Martinez By: /s/Janeen Ortega ------------------------------- Janeen Ortega -8- By: /s/Kent Spuehler ------------------------------- Kent Spuehler By: /s/Paul Tone ------------------------------- Paul Tone By: /s/Scott Butterfield ------------------------------- Scott Butterfield By: /s/Charles Norris ------------------------------- Charles Norris By: /s/James Greenwood ------------------------------- James Greenwood By: /s/Charles Sweet ------------------------------- Charles Sweet By: /s/James H. VanHorn ------------------------------- James H. VanHorn The Judy Eicher and Todd Eicher Partnership By: /s/Todd Eicher ------------------------------- Todd Eicher Partner By: /s/Jeffrey Jobes ------------------------------- Jeffrey Jobes -9- By: /s/Hilario Arguinchona ------------------------------- Hilario Arguinchona By: /s/Dave Bottegal ------------------------------- Dave Bottegal By: /s/Mike Pohl ------------------------------- Mike Pohl By: /s/Ray Ciarvella ------------------------------- Ray Ciarvella By: /s/K. Jon Kern ------------------------------- K. Jon Kern By: /s/Fred Henry ------------------------------- Fred Henry By: /s/Suzzane Collier ------------------------------- Suzanne Collier By: /s/Dennis Leach ------------------------------- Dennis Leach By: /s/Mark Voegele ------------------------------- Mark Voegele By: /s/Michael Randash ------------------------------- Michael Randash -10- By: /s/Mark Boyd ------------------------------- Mark Boyd By: /s/Mathew Hall ------------------------------- Mathew Hall By: /s/Cheryl Watson ------------------------------- Cheryl Watson By: /s/Richard Pierce ------------------------------- Richard Pierce By: /s/Tim Sabo ------------------------------- Tim Sabo By: /s/Nichole Arguinchona ------------------------------- Nichole Arguinchona By: /s/Kenneth Cobbs ------------------------------- Kenneth Cobbs By: /s/Janet Elam ------------------------------- Janet Elam By: /s/Robert Gabica ------------------------------- Robert Gabica By: /s/Mary Hall ------------------------------- Mary Hall -11- By: /s/John Harding ------------------------------- John Harding By: /s/Jeffrey Johnson ------------------------------- Jeffrey Johnson By: /s/Laura King ------------------------------- Laura King By: /s/Charlene Lang ------------------------------- Charlene Lang By: /s/Margaret Laytham ------------------------------- Margaret Laytham By: /s/Michael Marchant ------------------------------- Michael Marchant By: /s/Holly Martin ------------------------------- Holly Martin By: /s/Frank McCrink ------------------------------- Frank McCrink By: /s/Marcella Towner ------------------------------- Marcella Towner By: /s/Craig Reynick ------------------------------- Craig Reynick -12- By: /s/John Zamora ------------------------------- John Zamora By: /s/Thomas Zimmerman ------------------------------- Thomas Zimmerman By: /s/Natalie Artibee ------------------------------- Natalie Artibee By: /s/K. Craig Church, Jr. ------------------------------- K. Craig Church, Jr. By: /s/Donna DeWispelaere ------------------------------- Donna DeWispelaere By: /s/Robin Jenkins ------------------------------- Robin Jenkins By: /s/Aline Laikola ------------------------------- Aline Laikola By: /s/Henry R. Mertens ------------------------------- Henry R. Mertens By: /s/William Munn ------------------------------- William Munn By: /s/Elise Nowilowski ------------------------------- Elise Nowilowski -13- By: /s/Sheila Odom ------------------------------- Sheila Odom By: /s/Lori Pederson ------------------------------- Lori Pederson By: /s/Dominic L. Rotondi ------------------------------- Dominic L. Rotondi By: /s/Gary Schleuger ------------------------------- Gary Schleuger By: /s/Paul Shockley ------------------------------- Paul Shockley By: /s/Hannah Smitterberg ------------------------------- Hannah Smitterberg By: /s/Jolynn M. Snyder ------------------------------- Jolynn M. Snyder By: /s/Kenneth Troy ------------------------------- Kenneth Troy By: /s/Bradley Walcher ------------------------------- Bradley Walcher By: /s/Dean Wildman ------------------------------- Dean Wildman -14- By: /s/Linde Hoff ------------------------------- Linde Hoff By: /s/Elizabeth Jane Frueh ------------------------------- Elizabeth Jane Frueh By: /s/Mary Ann Trujillo ------------------------------- Mary Ann Trujillo New Horizon Holdings, LLC By: /s/K. Jon Kern ------------------------------- K. Jon Kern Member By: /s/Carol Jordan ------------------------------- Carol Jordan By: /s/John Jordan ------------------------------- John Jordan -15-