JOINT FILING AND SOLICITATION AGREEMENT JOINDER AGREEMENT
Exhibit 99.1
JOINDER
AGREEMENT
WHEREAS,
Hummingbird Management, LLC, Hummingbird Value Fund, L.P., Hummingbird Microcap
Value Fund, L.P., Tarsier Nanocap Value Fund, L.P., Hummingbird Capital, LLC,
Xxxx X. Xxxxxx (collectively, the “Hummingbird Entities”), North & Xxxxxxx,
LLC, North & Xxxxxxx Value Opportunities Fund, LP, North & Xxxxxxx Fund
II, LP, Xxxxxx X. Kidston (collectively, the “North & Xxxxxxx Entities”),
Deep Xxxxx Partners LP, Deep Xxxxx Partners QP, LP, and Xxxx Xxxxxx
(collectively, the “Deep Xxxxx Entities”) entered into a Joinder Agreement on
July 10, 2008 (the “July 10 Joinder
Agreement”), to the Joint Filing and Solicitation Agreement dated March 13,
2008, for the purpose of seeking representation on the Board of Directors (the
“Solicitation”) of SED International Holdings, Inc., a Georgia corporation (the
“Company”);
WHEREAS,
Xxxxx X. Xxxx (“Xx. Xxxx”) wishes to join the Group (as defined effective with
the July 10 Joinder Agreement).
WHEREAS,
X.X. Xxxx III (“Xx. Xxxx”) wishes to join the Group (as defined effective with
the July 10 Joinder Agreement).
NOW, IT
IS AGREED, this 12th day of
August 2008 by the parties hereto:
In
accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934,
as amended, Xx. Xxxx agrees to the joint filing on his behalf of statements on
Schedule 13D with respect to the securities of the Company to the extent
required under applicable securities laws. Xx. Xxxx agrees to be
bound by the other terms of the Joint Filing and Solicitation Agreement (a copy
of which is attached hereto), the terms of which are incorporated herein and
made a part hereof.
In
accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934,
as amended, Xx. Xxxx agrees to the joint filing on his behalf of statements on
Schedule 13D with respect to the securities of the Company to the extent
required under applicable securities laws. Xx. Xxxx agrees to be
bound by the other terms of the Joint Filing and Solicitation Agreement (a copy
of which is attached hereto), the terms of which are incorporated herein and
made a part hereof.
Section 3
of the Joint Filing and Solicitation agreement is hereby amended and restated to
read as follows:
3. The
North & Xxxxxxx Entities, the Hummingbird Entities, the Deep Xxxxx Entities
and Xx. Xxxx (collectively, the “Parties”), shall have the right to pre-approve
all expenses in excess of $500.00 incurred in connection with the Group’s
activities and agree to pay directly all such expenses on a pro rata basis among
the Parties based on the number of Shares in the aggregate beneficially owned by
each of the Parties on the date hereof. In addition to the other
expenses to be shared by the Parties pursuant to this Section 3, the reasonable
legal fees and expenses of each member of the Group incurred in connection with
the Solicitation shall be considered a Group expense.
This
Agreement may be executed in counterparts, each of which shall be deemed an
original and all of which, taken together, shall constitute but one and the same
instrument, which may be sufficiently evidenced by one counterpart.
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the day and year first above written.
HUMMINGBIRD
VALUE FUND, L.P.
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By:
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Hummingbird
Capital, LLC
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By:
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/s/
Xxxx X. Xxxxxx
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Name:
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Xxxx
X. Xxxxxx
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Title:
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Managing
Member
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HUMMINGBIRD
MICROCAP VALUE FUND, L.P.
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By:
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Hummingbird
Capital, LLC
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By:
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/s/
Xxxx X. Xxxxxx
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Name:
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Xxxx
X. Xxxxxx
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Title:
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Managing
Member
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TARSIER
NANOCAP VALUE FUND, L.P.
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By:
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Hummingbird
Capital, LLC
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By:
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/s/
Xxxx X. Xxxxxx
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Name:
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Xxxx
X. Xxxxxx
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Title:
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Managing
Member
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HUMMINGBIRD
MANAGEMENT, LLC
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By:
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/s/
Xxxx X. Xxxxxx
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Name:
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Xxxx
X. Xxxxxx
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Title:
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Managing
Member
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/s/
Xxxx X. Xxxxxx
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Xxxx
X. Xxxxxx
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NORTH
& XXXXXXX VALUE OPPORTUNITIES FUND, LP
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By:
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North
& Xxxxxxx, LLC,
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its
General Partner
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By:
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/s/
Xxxxxx X. Kidston
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Name:
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Xxxxxx
X. Kidston
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Title:
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Managing
Member
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NORTH
& XXXXXXX FUND II, LP
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By:
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North
& Xxxxxxx, LLC,
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its
General Partner
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By:
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/s/
Xxxxxx X. Kidston
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Name:
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Xxxxxx
X. Kidston
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Title:
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Managing
Member
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NORTH
& XXXXXXX, LLC
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By:
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/s/
Xxxxxx X. Kidston
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Name:
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Xxxxxx
X. Kidston
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Title:
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Managing
Member
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/s/
Xxxxxx X. Kidston
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Xxxxxx
X. Kidston
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DEEP
XXXXX PARTNERS LP
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By:
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/s/
Xxxx Xxxxxx
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Name:
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Xxxx
Xxxxxx
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Title:
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Managing
Partner
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DEEP
XXXXX PARTNERS QP, LP
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By:
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/s/
Xxxx Xxxxxx
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Name:
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Xxxx
Xxxxxx
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Title:
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Managing
Partner
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/s/
Xxxx Xxxxxx
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Xxxx
Xxxxxx
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/s/
Xxxxx X. Xxxx
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Xxxxx
X. Xxxx
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/s/
X.X. Xxxx III
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X.X.
Xxxx III
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