Exhibit 10.24
TERMINATION OF VOTING AGREEMENT
This Termination of Voting Agreement dated as of April 23, 1999 is by
and among Foilmark, Inc., a Delaware corporation ("Foilmark") and Xxxxxx X.
Xxxxx, Xxxxx X. Xxxxx, Xx., the Estate of Xxxxxxxx Xxxxx, Xxxxx X. Xxxxx,
Xxxxxxx X. Xxxxx and Xxxxxx Xxxxxxxx (collectively, the "Shareholders").
Pursuant to a Voting Agreement between the Shareholders dated as of November 17,
1994 (the "Voting Agreement") and in connection with a certain Agreement and
Plan of Merger by and among Foilmark, Foilmark Aquisistion Corporation and
HoloPak Technologies, Inc. dated as of November 17, 1998 (the "Merger
Agreement"), and for other good and valuable consideration, the undersigned
hereby agree as follows:
1. That, effective as of the effective date of the Merger Agreement (the
"Effective Date"), all rights and obligations under the Voting
Agreement shall terminate and be of no further force and effect.
2. That, effective as of the Effective Date, Xxxxxx Xxxxxxxx shall have
no further right under the Voting Agreement to be elected or serve as
a director of Foilmark.
This Termination Agreement may be signed in counterparts, each of which
shall be considered an original and all of which together shall constitute one
agreement. In witness whereof, the undersigned have executed and delivered this
Termination of Voting Agreement on this effective day of April 23, 1999.
FOILMARK, INC.
/s/ By: /s/
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Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx, Xx.
Title: President and Chief
Executive Officer
/s/ /s/
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Xxxxxxx X. Xxxxx Xxxxxx X. Xxxxx
Estate of Xxxxxxxx X. Xxxxx
/s/ /s/
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Xxxxxx Xxxxxxxx By: Xxxxxx X. Xxxxx
Executor
