Exhibit 99-4
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JARDEN CORPORATION
000 Xxxxxxxx Xxxxx Xxxxxx
Xxx, Xxx Xxxx 00000
March 26, 2004
Xx. Xxxx X. Xxxx
Xx. Xxxxxxx X. Xxxxxxxx, Xx.
Xx. Xxxxxxx X. Xxxxx
Xx. Xxxxxxx X. Xxxx
c/x Xxxxx Ticonderoga Company
000 Xxxxxxxxxxxxx Xxxxxxx
Xxxxxxxx, XX 00000
Re: Termination of Support Agreements
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Dear Sirs:
Reference is made to the Support Agreements, each dated January 9,
2004 (each, a "Support Agreement"), between each of you and Jarden Corporation.
Each of you entered into a Support Agreement in connection with Buyer entering
into a letter agreement with the Company, dated as of January 9, 2004 (as
amended, the "Exclusivity Agreement"), pursuant to which the Company granted to
Buyer the exclusive right to negotiate with the Company regarding a potential
transaction involving the Company. As you are aware, pursuant to a letter dated
as of the date hereof, Buyer and the Company have finally terminated discussions
and negotiations with respect to a potential transaction and have terminated the
Exclusivity Agreement. In view of the termination of discussions and
negotiations between Buyer and the Company and the corresponding termination of
the Exclusivity Agreement, each of you and Buyer hereby agree to terminate the
respective Support Agreements.
This letter may be executed in any number of counterparts and via
facsimile, each of which shall be deemed to be an original and all of which
shall be deemed to be one and the same agreement.
If this letter accurately reflects your understanding, kindly confirm
your acceptance by signing this letter in the space provided.
Very truly yours,
JARDEN CORPORATION
By: /s/ Xxxxxxx XxXxxxxxx
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Name: Xxxxxxx XxXxxxxxx
Title: SVP
Accepted and agreed:
Xxxx X. Xxxx
/s/ Xxxx X. Xxxx
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Xxxxxxx X. Xxxxxxxx, Xx.
/s/ Xxxxxxx X. Xxxxxxxx, Xx.
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Xxxxxxx X. Xxxxx
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxx
/s/ Xxxxxxx X. Xxxx
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Dated as of March 29, 2004
