EXHIBIT 1
EXECUTION COPY
VOTING AGREEMENT
THIS VOTING AGREEMENT (this "Agreement") dated April 29, 2003, is
entered into between KTTI HOLDING COMPANY, INC., a Delaware corporation
("Parent"), KTTI ACQUISITION COMPANY, INC., a Delaware corporation and a
wholly-owned subsidiary of Parent ("Buyer"), and XXXX XXXXX STRATEGIC
INVESTMENTS, L.P., a Delaware limited partnership (the "Stockholder"), with
respect to (i) the shares of common stock, par value $0.01 per share (the
"Company Common Stock"), of Thousand Trails, Inc., a Delaware corporation (the
"Company"), (ii) all securities exchangeable, exercisable or convertible into
Company Common Stock, and (iii) any securities issued or exchanged with respect
to such shares of Company Common Stock upon any recapitalization,
reclassification, merger, consolidation, spin-off, partial or complete
liquidation, stock dividend, split-up or combination of the securities of the
Company or any other change in the Company's capital structure, in each case
whether now owned or hereafter acquired by the Stockholder (collectively, the
"Securities").
WHEREAS, Parent, Buyer and the Company have entered into an Agreement
and Plan of Merger dated as of the date hereof (as the same may be amended or
supplemented, the "Merger Agreement") that provides for the merger (the
"Merger") of Buyer with and into the Company;
WHEREAS, as of the date hereof, the Stockholder beneficially owns and
has the power to dispose of the Securities set forth on Schedule I hereto and
has the power to vote the shares of Company Common Stock set forth thereon;
WHEREAS, Parent and Buyer desire to enter into this Agreement in
connection with their efforts to consummate the acquisition of the Company, and
in consideration of Parent's and Buyer's agreements herein and in the Merger
Agreement, Stockholder is willing to enter into this Agreement; and
WHEREAS, capitalized terms used in this Agreement and not defined have
the meaning given to such terms in the Merger Agreement.
NOW, THEREFORE, in contemplation of the foregoing and in consideration
of the mutual agreements, covenants, representations and warranties contained
herein and intending to be legally bound hereby, the parties hereto agree as
follows:
1. Certain Covenants.
1.1. Lock-Up. Subject to Section 1.4, during the term of this Agreement
the Stockholder will not (a) directly or indirectly, sell, transfer, assign,
pledge, hypothecate, tender, encumber or otherwise dispose of in any manner any
of the Securities, or consent or agree to do any of the foregoing except in
connection with consummation of the Merger, (b) directly or indirectly, limit
its right to vote in any manner any of the Securities (other than as set forth
in this Agreement), including without limitation by the grant of any proxy,
power of attorney or other authorization in or with respect to the Securities,
by depositing the Securities into a voting trust,
or by entering into a voting agreement, or consent or agree to do any of the
foregoing, or (c) take any action which would restrict, limit or interfere with
the performance of its obligations under this Agreement. Notwithstanding the
foregoing, in connection with any transfer not involving or relating to any
Acquisition Transaction, the Stockholder may transfer any or all of the
Securities as follows: (i) in the case of a Stockholder that is an entity, to
any subsidiary, partner or member of such Stockholder, and (ii) in the case of a
Stockholder that is an individual, to the Stockholder's spouse, ancestors,
descendants or any trust for any of their benefits or to a charitable trust;
provided, however, that in any such case, prior to and as a condition to the
effectiveness of such transfer, (x) each person or entity to which any of such
Securities or any interest in any of such Securities is or may be transferred
has executed and delivered to Parent and Buyer a counterpart to this Agreement,
which counterpart shall by such transferee's execution thereof represent such
transferee's agreement to be bound by all of the terms and provisions of this
Agreement, and (y) this Agreement becomes the legal, valid and binding agreement
of such person or entity, enforceable against such person or entity in
accordance with its terms, subject to the qualification, however, that
enforcement of the rights and remedies created by this Agreement is subject to
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
similar laws of general application related to or affecting creditors' rights
and to general equity principles.
1.2. No Solicitation. During the term of this Agreement, neither the
Stockholder nor any agent, representative, affiliate (other than the Company) or
associate (collectively, "Representatives") of the Stockholder will, directly or
indirectly, except as permitted under the Merger Agreement and in the
Stockholder's (or Representative's) capacity as a director or officer of the
Company, (a) solicit, initiate or encourage the submission of any Acquisition
Proposal or (b) participate in or encourage any discussion or negotiations
regarding, or furnish to any person or entity any non-public information with
respect to, or enter into any agreement with respect to, any Acquisition
Proposal, in any case, from, to or with any person or entity other than Parent
or Buyer or their respective designees. The Stockholder and its Representatives
will immediately cease and cause to be terminated any existing activities,
discussions or negotiations with any such other parties conducted heretofore
with respect to any of the foregoing. The Stockholder will notify Parent
promptly if any party contacts the Stockholder following the date hereof (other
than Parent or Buyer) concerning any Acquisition Proposal.
1.3. Certain Events. This Agreement and the obligations hereunder will
attach to the Securities and will be binding upon any person or entity to which
legal or beneficial ownership of any or all of the Securities passes, whether by
operation of law or otherwise, including without limitation, the Stockholder's
successors or assigns. This Agreement and the obligations hereunder will also
attach to any additional shares of Company Common Stock or other voting
securities of the Company issued to or acquired by the Stockholder.
1.4. Grant of Proxy; Voting Agreement.
(a) The Stockholder has revoked or terminated any proxies,
voting agreements or similar arrangements previously given or entered
into with respect to the Securities and hereby irrevocably appoints
Parent as proxy for the Stockholder, with full power of substitution
and resubstitution, to vote the Securities for the Stockholder and in
the Stockholder's name, place and stead, at any annual, special or
other meeting or action
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of the stockholders of the Company, as applicable, or at any
adjournment thereof or pursuant to any consent of the stockholders of
the Company, in lieu of a meeting or otherwise in the following manner:
(i) for the adoption and approval of the Merger Agreement and the
Merger, (ii) against any Acquisition Proposal other than the Merger,
(iii) against any proposal for action or agreement that would result in
a breach of any covenant, representation or warranty or any other
obligation or agreement of the Company under the Merger Agreement, or
which could reasonably be expected to result in any condition to
Parent's and Buyer's obligations to consummate the Merger not being
fulfilled, (iv) against any change in the present capitalization of the
Company, (v) against any other material change to the Company's
corporate structure or business or (vi) against any other action that
under applicable law requires the approval of the Company's
stockholders, which is intended, or could reasonably be expected, to
impede, interfere with, delay, postpone, or materially adversely affect
the consummation of the Merger or the transactions contemplated by the
Merger Agreement or this Agreement. THE AUTHORITY GRANTED UNDER THE
PROXY IS IRREVOCABLE UNTIL THE TERMINATION (AS HEREINAFTER DEFINED) AND
DEEMED TO BE COUPLED WITH AN INTEREST. The parties acknowledge and
agree that neither Parent, nor Parent's successors, assigns,
subsidiaries, divisions, employees, officers, directors, stockholders,
agents and affiliates owe any duty, whether in law or otherwise, or
incur any liability of any kind whatsoever, including without
limitation, with respect to any and all claims, losses, demands, causes
of action, costs, expenses (including reasonable attorneys' fees) and
compensation of any kind or nature whatsoever, to the Stockholder in
connection with or as a result of any voting (or refraining from
voting) by Parent of the Securities subject to the irrevocable proxy
hereby granted to Parent at any annual, special or other meeting or by
action of the stockholders of the Company in lieu of a meeting or
otherwise. The parties acknowledge that, pursuant to the authority
hereby granted under the irrevocable proxy, Parent may vote the
Securities in furtherance of its own interests, and Parent is not
acting as a fiduciary for the Stockholder.
(b) Notwithstanding the foregoing grant to Parent of the
irrevocable proxy, if Parent elects not to exercise its rights to vote
the Securities pursuant to the irrevocable proxy, the Stockholder
agrees to vote the Securities during the term of this Agreement (i) in
favor of or give its consent to, as applicable, a proposal to adopt and
approve the Merger Agreement and the Merger as described in clause (i)
of Section 1.4(a), (ii) against any Acquisition Proposal other than the
Merger, (iii) against any proposal for action or agreement that would
result in a breach of any covenant, representation or warranty or any
other obligation or agreement of the Company under the Merger
Agreement, or which could reasonably be expected to result in any
condition to Parent's and Buyer's obligations to consummate the Merger
not being fulfilled, (iv) against any change in the present
capitalization of the Company, (v) against any other material change to
the Company's corporate structure or business or (vi) against any other
action that under applicable law requires the approval of the Company's
stockholders, which is intended, or could reasonably be expected, to
impede, interfere with, delay, postpone, or materially adversely affect
the consummation of the Merger or the transactions contemplated by the
Merger Agreement or this Agreement, in each case at any annual, special
or other meeting or action of the stockholders of the Company in lieu
of a meeting or otherwise.
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(c) This irrevocable proxy will not be terminated by any act
of the Stockholder or by operation of law, whether by the death or
incapacity of the Stockholder or by the occurrence of any other event
or events (including, without limiting the foregoing, the termination
of any trust or estate for which the Stockholder is acting as a
fiduciary or the dissolution or liquidation of any corporation or
partnership). If between the execution hereof and the Termination, the
Stockholder should die or become incapacitated, or if any trust or
estate holding the Securities should be terminated, or if any
corporation or partnership holding the Securities should be dissolved
or liquidated, or if any other such similar event or events occurs
before the Termination, actions taken by Parent hereunder will be as
valid as if such death, incapacity, termination, dissolution,
liquidation or other similar event or events had not occurred, whether
or not Parent has received notice of such death, incapacity,
termination, dissolution, liquidation or other event.
(d) Except as specifically set forth in this Agreement, the
Stockholder will continue to hold and shall have the right to exercise
all voting rights relating to the Securities.
1.5. Public Announcement. The Stockholder will consult with Parent
before issuing any press releases or otherwise making any public statements with
respect to the transactions contemplated herein and will not issue any such
press release or make any such public statement without the approval of Parent,
except as may be required by law.
1.6. Disclosure. The Stockholder hereby authorizes Parent and Buyer to
publish and disclose in any announcement or disclosure required by the
Securities and Exchange Commission (the "SEC") or the American Stock Exchange
(the "Amex") or any other national securities exchange (including the Proxy
Statement and all documents and schedules filed with the SEC in connection with
the foregoing), its identity and ownership of the Securities and the nature of
its commitments, arrangements and understandings under this Agreement. Parent
and Buyer hereby authorize the Stockholder to make such disclosure or filings as
may be required by the SEC or the Amex or any other national securities
exchange.
2. Representations and Warranties of the Stockholder. The Stockholder hereby
represents and warrants to Parent and Buyer that:
2.1. Ownership. The Stockholder is the sole legal and beneficial owner
of the Securities set forth on Schedule I hereto, in each case free and clear of
all liabilities, claims, liens, options, security interests, proxies, voting
trusts, voting agreements, charges, participations and encumbrances of any kind
or character whatsoever other restrictions on transfer required by applicable
securities laws. For purposes of this Agreement, "beneficial owner" will have
the meaning given to such term in Rule 13d-3 under the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). The Stockholder does not beneficially
own any capital stock of the Company or any of its subsidiaries other than the
Securities.
2.2. Authorization. If the Stockholder is a partnership or other
entity, the Stockholder has all requisite partnership or other entity power and
authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. The Stockholder has sole
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voting power and sole power of disposition with respect to the Securities set
forth on Schedule I with no restrictions on its voting rights or rights of
disposition pertaining thereto. The Stockholder has duly executed and delivered
this Agreement and this Agreement is a legal, valid and binding agreement of the
Stockholder, enforceable against the Stockholder in accordance with its terms,
subject to the qualification however, that enforcement of the rights and
remedies created hereby is subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general application
related to or affecting creditors' rights and to general equity principles. If
the Stockholder is married and the Securities constitute community property,
this Agreement has been duly authorized, executed and delivered by the
Stockholder's spouse, and this Agreement is a legal, valid and binding agreement
of the Stockholder's spouse, enforceable against the Stockholder's spouse in
accordance with its terms, subject to the qualification however, that
enforcement of the rights and remedies created hereby is subject to bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar laws of
general application related to or affecting creditors' rights and to general
equity principles.
2.3. No Violation. Neither the execution and delivery of this Agreement
nor the consummation of the transactions contemplated hereby will (a) require
the Stockholder to file or register with, or obtain any material permit,
authorization, consent or approval of, any governmental agency, authority,
administrative or regulatory body, court or other tribunal, foreign or domestic,
or any other entity (other than any filings required under the Exchange Act), or
(b) violate, or cause a breach of or default under, or conflict with any
contract, agreement or understanding, any statute or law, or any judgment,
decree, order, regulation or rule of any governmental agency, authority,
administrative or regulatory body, court or other tribunal, foreign or domestic,
or any other entity or any arbitration award binding upon the Stockholder,
except for such violations, breaches, defaults or conflicts which are not,
individually or in the aggregate, reasonably likely to have an adverse effect on
the Stockholder's ability to satisfy its obligations under this Agreement. No
proceedings are pending which, if adversely determined, will have an adverse
effect on the Stockholder's ability to vote or dispose of any of the Securities.
The Stockholder has not previously assigned or sold to any third party any of
the Securities set forth on Schedule I.
2.4. Stockholder Has Adequate Information. The Stockholder is
sophisticated with respect to the Securities and has adequate information
concerning the business and financial condition of the Company to make an
informed decision regarding the Merger Agreement, the Merger and the execution
of this Agreement and has independently and without reliance upon either Parent
or Buyer and based on such information as the Stockholder has deemed
appropriate, made its own analysis and decision to enter into this Agreement.
The Stockholder acknowledges that the agreement contained herein with respect to
the Securities by the Stockholder is irrevocable, and that the Stockholder will
have no recourse to the Securities, Parent or Buyer, except with respect to
breaches of representations, warranties, covenants and agreements by Parent or
Buyer expressly set forth in this Agreement.
2.5. Parent's Excluded Information. The Stockholder acknowledges and
confirms that (a) Parent or Buyer may possess or hereafter come into possession
of certain non-public information concerning the Securities and the Company
which is not known to the Stockholder and which may be material to the
Stockholder's decision to enter into this Agreement ("Parent's Excluded
Information") and (b) the Stockholder has requested not to receive Parent's
Excluded
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Information and has determined to satisfy its obligations hereunder
notwithstanding its lack of knowledge of Parent's Excluded Information;
provided, however, nothing contained in this Section 2.5 will limit the
Stockholder's right to rely upon the express representations and warranties made
by Parent or Buyer in this Agreement, or the Stockholder's remedies in respect
of breaches of any such representations and warranties.
3. Representations and Warranties of Parent and Buyer. Parent and Buyer hereby
represent and warrant to the Stockholder, as of the date hereof, that:
3.1. Authorization. Parent and Buyer have all requisite corporate power
and authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. Parent and Buyer have duly executed and
delivered this Agreement and this Agreement is a legal, valid and binding
agreement of each of Parent and Buyer, enforceable against each of Parent and
Buyer in accordance with its terms, subject to the qualification however, that
enforcement of the rights and remedies created hereby is subject to bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar laws of
general application related to or affecting creditors' rights and to general
equity principles.
3.2. No Violation. Neither the execution and delivery of this Agreement
nor the consummation of the transactions contemplated hereby will (a) require
Parent or Buyer to file or register with, or obtain any material permit,
authorization, consent or approval of, any governmental agency, authority,
administrative or regulatory body, court or other tribunal, foreign or domestic,
or any other entity, other than the applicable filing requirements under the
Exchange Act and, if necessary, the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act
of 1976, as amended, or (b) violate, or cause a breach of or default under, any
contract, agreement or understanding, any statute or law, or any judgment,
decree, order, regulation or rule of any governmental agency, authority,
administrative or regulatory body, court or other tribunal, foreign or domestic,
or any other entity or any arbitration award binding upon Parent or Buyer,
except for such violations, breaches or defaults which are not reasonably likely
to have a material adverse effect on Parent's or Buyer's ability to satisfy its
obligations under this Agreement.
4. Specific Performance. The Stockholder acknowledges that Parent and Buyer will
be irreparably harmed and that there will be no adequate remedy at law for a
violation of any of the covenants or agreements of the Stockholder which are
contained in this Agreement. It is accordingly agreed that, in addition to any
other remedies which may be available to Parent or Buyer upon the breach by the
Stockholder of such covenants and agreements, Parent and Buyer will have the
right without the posting of a bond to obtain injunctive relief to restrain any
breach or threatened breach of such covenants or agreements or otherwise to
obtain specific performance of any of such covenants or agreements.
5. Miscellaneous.
5.1. Term. This Agreement will terminate upon the earlier of (i) the
consummation of the Merger, and (ii) the termination of the Merger Agreement in
accordance with its terms (the "Termination"). At the Termination, this
Agreement will become void and will be of no further force and effect, provided
that nothing herein will relieve any party from liability for willful breaches
of this Agreement prior to the Termination.
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5.2. Fiduciary Duties. Notwithstanding anything in this Agreement to
the contrary: (a) the Stockholder makes no agreement or understanding herein in
any capacity other than in the Stockholder's capacity as a record holder and
beneficial owner of Securities, and (b) nothing herein will be construed to
limit or affect any action or inaction by the Stockholder or any Representative
of the Stockholder, as applicable, serving on the Company Board or on the board
of directors of any of its subsidiaries or as an officer or fiduciary of the
Company or any of its subsidiaries, acting in such person's capacity as a
director, officer or fiduciary of the Company or any of its subsidiaries.
5.3. Expenses. Each of the parties hereto will pay its own expenses
incurred in connection with this Agreement. Each of the parties hereto warrants
and covenants to the others that it will bear all claims for brokerage fees
attributable to action taken by it. Notwithstanding the foregoing, if any party
institutes an action with respect to any dispute of the terms of this Agreement,
the prevailing party will be entitled to reimbursement on demand of all costs
and expenses of such action including reasonable legal fees.
5.4. Entire Agreement. This Agreement (together with the defined terms
contained in the Merger Agreement that are used herein) constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings among the parties hereto with
respect to its subject matter. This Agreement may be amended only by a written
instrument duly executed by the parties hereto.
5.5. Waiver. Any party hereto may (a) extend the time for the
performance of any of the obligations or other acts of any other party hereto,
or (b) waive compliance with any of the agreements or conditions of any other
party hereto contained herein. Any such extension or waiver will be valid only
if set forth in an instrument in writing signed by the party or parties to be
bound thereby.
5.6. Binding Effect. This Agreement will be binding upon and inure to
the benefit of and be enforceable only by the parties hereto and their
respective representatives and permitted successors and assigns. Nothing in this
Agreement, express or implied, is intended to confer on any person or entity
other than the parties hereto or their respective representatives and permitted
successors and assigns any rights, remedies or obligations under or by reason of
this Agreement.
5.7. Assignment. This Agreement will be binding upon and inure to the
benefit of the parties named herein and their respective successors and
permitted assigns. No party may assign either this Agreement or any of its
rights, interests, or obligations hereunder without the prior written approval
of the other parties; provided, however, that each of Parent and Buyer may
freely assign its rights to another direct or indirect wholly owned subsidiary
of Parent or Buyer without such prior written approval but no such assignment
will relieve Parent or Buyer of any of its obligations hereunder. Any purported
assignment without such consent will be void.
5.8. Failure or Indulgence Not Waiver; Remedies Cumulative. No failure
or delay on the part of any party hereto in the exercise of any right hereunder
will impair such right or be construed to be a waiver of, or acquiescence in,
any agreement herein, nor will any single or partial exercise of any such right
preclude any other or further exercise thereof or of any other
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right. All rights and remedies existing under this Agreement are cumulative to,
and not exclusive of, any rights or remedies otherwise available.
5.9. Counterparts. This Agreement may be executed and delivered
(including by facsimile transmission) in one or more counterparts, and by the
different parties hereto in separate counterparts, each of which when executed
and delivered will be deemed to be an original but all of which taken together
will constitute one and the same agreement.
5.10. Headings. The descriptive headings contained in this Agreement
are included for convenience of reference only and will not affect in any way
the meaning or interpretation of this Agreement. Time is of the essence with
respect to all provisions of this Agreement.
5.11. Notices. All notices, requests, claims, demands and other
communications hereunder will be in writing and will be deemed given (i) when
delivered after mailing by certified mail (postage prepaid, return receipt
requested), (ii) when delivered by hand, (iii) upon confirmation of receipt by
facsimile or (iv) one business day after sending by overnight delivery service
to the respective parties at the following addresses (or at such other address
for a party as is specified in a notice given in accordance with this Section
5.11):
(a) If to Parent
or Buyer: KTTI Holding Company, Inc.
KTTI Acquisition Company, Inc.
c/o Kohlberg & Company
000 Xxxx Xxxxxx, Xxxxx 000
Xxxx Xxxx, XX 00000
Attention: Xxxx X. Xxxxxxxx Xx.
Telecopy: (000) 000-0000
with a copy to: Ropes & Xxxx
Xxx Xxxxxxxxxxxxx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Xxxxxx X. Xxxxx, Esq.
Telecopy: (000) 000-0000
(b) If to the
Stockholder: Xxxx Xxxxx Strategic Investments, L.P.
000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxx Xxxx
Telecopy: (000) 000-0000
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with a copy to: Xxxxxx, Xxxx & Xxxxxxxx LLP
0000 XxXxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx, XX 00000
Attention: Xxxxx X. Xxxxxxxxx III, Esq.
Telecopy: (000) 000-0000
5.12. Governing Law. This Agreement will be governed by, and construed
in accordance with, the laws of the State of Delaware applicable to contracts
executed in and to be performed in that state and without regard to any
applicable conflicts of law principles that would apply any other Law. Each of
the parties submits to the jurisdiction of any state or federal court sitting in
the state of Delaware, in any action or proceeding arising out of or relating to
this Agreement and agrees that all claims in respect of the action or proceeding
may be heard and determined in any such court. Each of the parties waives any
defense of inconvenient forum or any other objection to the laying of venue or
to the maintenance of any action or proceeding so brought and waives any bond,
surety, or other security that might be required of any other party. Each party
agrees that a final judgment in any action or proceeding so brought shall be
conclusive and may be enforced by suit on the judgment or in any other manner
provided by law or at equity.
5.13. Enforceability. The invalidity or unenforceability of any
provision or provisions of this Agreement will not affect the validity or
enforceability of any other provision of this Agreement, which will remain in
full force and effect. Upon a determination that any term or other provision is
invalid, illegal or incapable of being enforced, the parties hereto will
negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in an acceptable manner to the end
that the transactions contemplated hereby are fulfilled to the fullest extent
possible.
5.14. Further Assurances. From time to time at Parent's request and
without further consideration, the Stockholder will execute and deliver to
Parent or Buyer such documents and take such action as Parent may reasonably
deem to be necessary or desirable to carry out the provisions hereof.
5.15. Remedies Not Exclusive. All rights, powers and remedies provided
under this Agreement or otherwise available in respect hereof at law or in
equity will be cumulative and not alternative, and the exercise of any thereof
by either party will not preclude the simultaneous or later exercise of any
other such right, power or remedy by such party.
5.16. Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
[Remainder of Page Intentionally Left Blank]
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IN WITNESS WHEREOF, Parent, Buyer and the Stockholder have caused this
Agreement to be duly executed as of the day and year first above written.
KTTI HOLDING COMPANY, INC.
By: /s/ Xxxx X. Xxxxxxxx
-------------------------------------
Name: Xxxx X. Xxxxxxxx, Xx.
Title:
KTTI ACQUISITION COMPANY, INC.
By: /s/ Xxxx X. Xxxxxxxx
-------------------------------------
Name: Xxxx X. Xxxxxxxx, Xx.
Title:
STOCKHOLDER
XXXX XXXXX STRATEGIC INVESTMENTS, L.P.
By: Xxxx Xxxxx Management Company, L.P.
By: /s/ Xxxxxx X. Xxxx
-------------------------------------
Xxxxxx X. Xxxx, a general partner
Schedule I
COMMON STOCK:
3,153,848 shares of Company Common Stock
