EXECUTION COPY
Exhibit 99.1
VOTING AGREEMENT
Voting Agreement (this "Agreement"), dated as of May 30, 2003,
among Xxxxx, X.X. de C.V., a corporation (sociedad anonima de capital variable)
organized under the laws of the United Mexican States ("Savia"), Banca Afirme,
S.A., Institucion de Banca Multiple, Afirme Grupo Financiero, as Trustee, under
the Irrevocable Administration and Payment Trust Number 167-5 (Fideicomiso
Irrevocable de Administracion y Pago Numero 167-5), a trust created under the
laws of the United Mexican States ("ARG Trust"), Conjunto Administrativo
Integral, S.A. de C.V., a corporation (sociedad anonima de capital variable)
organized under the laws of the United Mexican States ("CAI"), Emprima, S.A. de
C.V., a corporation (sociedad anonima de capital variable) organized under the
laws of the United Mexican States ("Emprima"), Park Financial Group, Ltd (BVI) a
British Virgin Islands Company ("Park"), Seminis Acquisition LLC, a Delaware
limited liability company ("Parent"), Xxxxxxx Xxxx Xxxxx, an individual and a
citizen of the United Mexican States ("Xx. Xxxx," and together with Savia, ARG
Trust, CAI, Emprima, Park and Parent, the "Stockholders," each, a "Stockholder")
and Fox Xxxxx Seminis Holdings, LLC, a Delaware limited liability company
("FPSH").
WHEREAS, Parent, Seminis Merger Corp., a Delaware corporation
and a wholly-owned subsidiary of Parent ("Merger Sub"), and Seminis, Inc., a
Delaware corporation (the "Company") have entered into an Agreement and Plan of
Merger (the "Merger Agreement") of even date herewith, pursuant to which Merger
Sub will merge with and into the Company (the "Merger") on the terms and
conditions set forth in the Merger Agreement;
WHEREAS, immediately following the Merger, pursuant to the
Stock Purchase Agreement, of even date herewith, among FPSH, Parent, Merger Sub
and the ARG Trust (the "Stock Purchase Agreement"), FPSH will purchase
outstanding shares of New Company Common Stock from Parent in accordance with
the terms of the Stock Purchase Agreement;
WHEREAS, in order to induce FPSH to enter into the Stock
Purchase Agreement, FPSH has requested each Stockholder, and each Stockholder
has agreed, to enter into this Agreement; and
WHEREAS, capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to such terms in the Merger Agreement.
NOW, THEREFORE, the parties hereto agree as follows:
1. During the period (the "Agreement Period") beginning
on the date hereof and ending on the earliest of (a) the Effective Time, (b) to
the extent amounts are payable pursuant to Section 8.3(b) of the Merger
Agreement, the date of payment in full of all amounts payable to FPSH by the
Company pursuant to such section (unless FPSH shall fail to provide to the
Company within two business days of termination of the Merger Agreement any
required statements of expenses), and (c) the date of termination of the Merger
Agreement for any other reason, each Stockholder hereby agrees to vote the
shares of Company Common Stock set forth opposite its name on Schedule A hereto
(with respect to such Stockholder, the "Schedule A Securities") (x) to approve
and adopt the Merger Agreement and the Merger and any actions directly and
reasonably related thereto at any meeting or meetings of the stockholders of the
Company, and at any adjournments or postponements thereof, at or by which such
Merger Agreement, or such other actions, are submitted for the consideration and
vote of the stockholders of the Company so long as such meeting is held and
completed prior to the termination of the Agreement Period, and (y) to help
cause such meeting to be held.
2. During the Agreement Period, each Stockholder hereby
agrees that it will not vote any of the Schedule A Securities in favor of the
approval of any other merger, consolidation, sale of assets, reorganization,
recapitalization, liquidation or winding up of the Company or any other
extraordinary transaction involving the Company or any matters related to or in
connection therewith, or any corporate action that upon consummation would
either frustrate the purposes of, or prevent or delay the consummation of, the
transactions contemplated by the Merger Agreement.
3. As security for each Stockholder's agreements
provided for herein, each Stockholder hereby grants to FPSH a proxy to vote the
Schedule A Securities with respect to the matters specified in, and in
accordance with the provisions of, Paragraphs 1 and 2 of this Agreement. Each
Stockholder agrees that this proxy shall be irrevocable during the Agreement
Period and coupled with an interest and will take such further action or execute
such other instruments as may be reasonably necessary to effectuate the intent
of this proxy and hereby revokes any proxy previously granted by such
Stockholder with respect to the Schedule A Securities.
4. Except as otherwise provided in this Paragraph 4,
during the Agreement Period, each Stockholder agrees that it shall not, and
shall not authorize or permit any of its Subsidiaries to, and shall use
commercially reasonable efforts to cause its or its Subsidiaries' directors,
officers, employees, investment bankers, consultants, attorneys, agents or
representatives, directly or indirectly, not to (a) solicit, initiate or
knowingly encourage or facilitate, or furnish or disclose non-public information
in furtherance of, any inquiries or the making of any proposal with respect to a
Company Competing Transaction or a Savia Competing Transaction, (b) negotiate,
explore or otherwise engage in substantive discussions with any Person (other
than FPSH, Parent, or their respective directors, officers, employees, agents
and representatives) with respect to any Company Competing Transaction or Savia
Competing Transaction or (c) enter into any agreement, arrangement or
understanding with respect to a Company Competing Transaction or a Savia
Competing Transaction. Each Stockholder shall, and shall, if applicable, cause
its Subsidiaries, and shall use commercially reasonable efforts, as applicable,
to cause such Stockholder's and its Subsidiaries' respective directors,
officers, employees, investment bankers, consultants, attorneys, agents and
representatives immediately to cease all existing activities, discussions and
negotiations with any parties conducted prior to the date hereof with respect to
any inquiries or proposals relating to a Company Competing Transaction or a
Savia Competing Transaction. Anything herein to the contrary notwithstanding,
this Agreement shall not limit actions taken, or require actions to be taken, by
any Stockholder or any party related to any Stockholder one or more of whose
affiliates, directors, partners, officers or employees is a director or officer
of the Company, to the extent such actions are taken solely in such Person's
capacity as a director or officer of the Company and such actions are otherwise
permitted to be taken pursuant to the Merger Agreement. From and after the
execution of this Agreement, each Stockholder shall promptly advise FPSH orally
and in writing of any request for information or of any proposal in
-2-
connection with a Savia Competing Transaction or a Company Competing
Transaction, the material terms and conditions of such request or proposal and
the identity of the Person making such request or proposal. Each Stockholder
shall keep FPSH reasonably apprised of the status (including amendments and
proposed amendments) of any proposal relating to a Company Competing Transaction
or a Savia Competing Transaction on a current basis, including promptly
providing to FPSH copies of any written communications between such Stockholder
and any Person relating to a Company Competing Transaction or a Savia Competing
Transaction. The obligations pursuant to the preceding two sentences with
respect to information provided to the Company or learned as a director or
officer of the Company shall be governed by the Merger Agreement. For purposes
of this Agreement, "Savia Competing Transaction" shall mean any
recapitalization, merger, consolidation or other business combination involving
Savia, or direct or indirect acquisition of 15% or more of the voting stock or
equity securities of Savia or any material portion of the assets (except for
acquisitions of assets in the ordinary course of business consistent with past
practice, the Restructuring Steps (as defined in the Contribution Agreement) or
as otherwise permitted by the Merger Agreement) of Savia and its Subsidiaries,
or any combination of the foregoing.
5. Each Stockholder agrees to comply with the terms and
conditions of the Contribution Agreement.
6. Each Stockholder agrees not to exercise any rights
(including, without limitation, under Section 262 of the Delaware General
Corporation Law) to demand appraisal of any shares of Company Common Stock owned
by such Stockholder with respect to the Merger.
7. Each Stockholder hereby represents and warrants to
FPSH that as of the date hereof:
(a) Such Stockholder (i) (A) owns beneficially
and of record all of the Schedule A Securities, free and clear of any claims,
liens, encumbrances and security interests and (B) does not own beneficially or
of record any other shares of capital stock of the Company or securities
convertible into or exchangeable for shares of capital stock of the Company,
other than the Schedule A Securities, (ii) has the full and unrestricted legal
power, authority and right to enter into, execute, deliver and perform its
obligations under this Agreement without the consent or approval of any other
Person, (iii) has (on the date hereof), and will have (as of the date of the
Stockholders Meeting), sole voting power with respect to the Schedule A
Securities, and (iv) is not party to any voting agreement, and has not granted
any Person any proxy (revocable or irrevocable), with respect to such shares
(other than pursuant to this Agreement);
(b) assuming the due authorization, execution
and delivery of this Agreement by FPSH, this Agreement is the valid and binding
agreement of such Stockholder; and
(c) other than as disclosed pursuant to the
Merger Agreement, no investment banker, broker or finder is entitled to a
commission or fee from the Company, such Stockholder or their respective
Affiliates in respect of this Agreement based upon any arrangement or agreement
made by or on behalf of such Stockholder.
-3-
8. Each Stockholder agrees that it will not (a) sell,
transfer, pledge, assign, encumber or otherwise dispose of, or enter into any
contract, option or other arrangement or understanding with respect to the sale,
transfer, pledge, assignment, encumbrance or other disposition of, or limitation
on the voting rights of, any of the Schedule A Securities (whether to an
Affiliate or otherwise) until the expiration of the Agreement Period, (b) grant
any proxies or powers of attorney, deposit any Schedule A Securities into a
voting trust or enter into a voting agreement with respect to any Schedule A
Securities, (c) take any action that would make any representation or warranty
of such Stockholder contained herein untrue or incorrect or have the effect of
preventing or delaying such Stockholder from performing its obligations under
this Agreement or (d) commit or agree to take any of the foregoing actions,
other than (i) pursuant to this Agreement, the Merger Agreement, the Stock
Purchase Agreement, the Exchange Agreement or the Contribution Agreement, or
(ii) transfers to Parent prior to or concurrent with the consummation of such
transfer that includes such shares as Schedule A Securities thereunder. Any
transfer of Schedule A Securities not permitted hereby shall be null and void.
9. Each Stockholder hereby agrees, while this Agreement
is in effect, to promptly notify FPSH of the number of new shares of Company
Common Stock, if any, acquired by such Stockholder after the date hereof. Any
such shares shall be subject to the terms of this Agreement and shall be
included as Schedule A Securities hereunder.
10. (a) In the event that:
(i) (A)(u) Parent or the Company shall have
terminated the Merger Agreement pursuant to Section 8.1(b)(ii) of the Merger
Agreement and the failure of Parent or the Company to fulfill any obligation
under the Merger Agreement has been the cause of, or resulted in, the failure of
the Effective Time to occur on or prior to the Outside Date, (v) Parent shall
have terminated the Merger Agreement pursuant to Section 8.1(c)(i) of the Merger
Agreement, (w) the Company shall have terminated the Merger Agreement pursuant
to Section 8.1(d) of the Merger Agreement, (x) the Company or Parent shall have
terminated the Merger Agreement pursuant to Section 8.1(f) of the Merger
Agreement (other than in the circumstances described in Paragraph 10(a)(iii) of
this Agreement), (y) FPSH shall have terminated the Stock Purchase Agreement
pursuant to Section 8.1(c) of the Stock Purchase Agreement or (z) any party
shall have terminated the Merger Agreement, the Stock Purchase Agreement or the
Contribution Agreement due to the non-occurrence of any Restructuring Step (as
defined in the Contribution Agreement), which non-occurrence is the result,
directly or indirectly, of a breach by any Xxxx Entity (as defined in the
Contribution Agreement) or the failure of any Xxxx Entity (as defined in the
Contribution Agreement) to have used its reasonable best efforts to cause the
Restructuring Steps to have occurred, (B) on or prior to such time any entity or
group (other than FPSH and its Affiliates (together with Parent and its
Affiliates)) shall have made and not withdrawn a proposal that is or becomes
publicly disclosed for (or publicly disclosed its intention to make a proposal
for) a Company Competing Transaction or a Savia Competing Transaction, and (C)
within 12 months of termination of the Merger Agreement or the Stock Purchase
Agreement, Savia consummates a Savia Competing Transaction or enters into a
Savia Competing Transaction that is thereafter consummated at any time
(including after the 12-month period described in the beginning of this clause
(C)) or the Company consummates a Company Competing Transaction or enters into a
Company Competing Transaction that is thereafter consummated at any time
(including after the 12-month period described in the beginning of this clause
(C));
-4-
(ii) (A)Parent shall have terminated the Merger
Agreement pursuant to Section 8.1(c)(ii), (iii) or (iv) of the Merger Agreement,
and (B) within 12 months of termination of the Merger Agreement, Savia
consummates a Savia Competing Transaction or enters into a Savia Competing
Transaction that is thereafter consummated at any time (including after the
12-month period described in the beginning of this clause (B)); or
(iii) either Parent or the Company shall have
terminated the Merger Agreement pursuant to Section 8.1(f) of the Merger
Agreement in a circumstance in which Savia shall have failed to vote the
Schedule A Securities in accordance with Paragraph 1 of this Agreement,
then, Savia shall pay or cause to be paid to FPSH a termination fee in cash, of
$15 million (the "Savia Termination Fee") (less the aggregate amount paid
pursuant to Section 8.3(a) and Section 8.3(b) of the Merger Agreement and
Section 10(b) of this Agreement). Any Savia Termination Fee that becomes payable
shall be paid (m) in the case of clause (i) or clause (ii) above, not later than
the date on which a Company Competing Transaction or Savia Competing Transaction
is consummated, and (n) in the case of clause (iii) above, upon such termination
pursuant to Section 8.1(f) of the Merger Agreement. If the Company pays (and
FPSH receives from the Company) any amounts pursuant to Section 8.3(a) or
Section 8.3(b) of the Merger Agreement after Savia has paid or caused to be paid
the Savia Termination Fee, FPSH shall immediately pay to Savia such amounts
received from the Company pursuant to Section 8.3(a) or Section 8.3(b) of the
Merger Agreement, it being understood that in no event shall FPSH be required to
pay any amounts to Savia if such payment would result in FPSH receiving an
aggregate amount less than the Savia Termination Fee.
(b) (i) Upon the termination of the Merger Agreement (A)
by Parent or the Company pursuant to Section 8.1(b)(ii) of the Merger Agreement
where the failure of Parent to fulfill any obligation under the Merger Agreement
has been the cause of, or resulted in, the failure of the Effective Time to
occur on or before the Outside Date, or (B) by the Company pursuant to Section
8.1(d) of the Merger Agreement;
(ii) Upon the termination of the Stock Purchase
Agreement by FPSH pursuant to Section 8.1(c) of the Stock Purchase Agreement;
(iii) Upon the termination of the Merger
Agreement, the Stock Purchase Agreement or the Contribution Agreement by any
party due to the non-occurrence of any Restructuring Step (as defined in the
Contribution Agreement), which non-occurrence is the result, directly or
indirectly, of a breach by any Xxxx Entity (as defined in the Contribution
Agreement) or the failure of any Xxxx Entity (as defined in the Contribution
Agreement) to have used its reasonable best efforts to cause the Restructuring
Steps to have occurred; or
(iv) (A) Upon the termination of the Merger
Agreement, the Stock Purchase Agreement or the Contribution Agreement by any
party due to the non-occurrence of any Restructuring Step (as defined in the
Contribution Agreement) which non-occurrence is not the result, directly or
indirectly, of a breach by any Xxxx Entity (as defined in the Contribution
Agreement) or the failure of any Xxxx Entity (as defined in the Contribution
Agreement) to have used its reasonable best efforts to cause the Restructuring
Steps to have occurred, (B) on or
-5-
prior to such time any entity or group (other than FPSH and its Affiliates
(together with Parent and its Affiliates)) shall have made and not withdrawn a
proposal that is or becomes publicly disclosed for (or publicly disclosed its
intention to make a proposal for) a Company Competing Transaction or a Savia
Competing Transaction, and (C) within 12 months of termination of the Stock
Purchase Agreement, Savia consummates a Savia Competing Transaction or enters
into a Savia Competing Transaction that is thereafter consummated at any time
(including after the 12-month period described in the beginning of this clause
(C)) or the Company consummates a Company Competing Transaction or enters into a
Company Competing Transaction that is thereafter consummated at any time
(including after the 12-month period described in the beginning of this clause
(C)),
Savia shall pay or cause to be paid to FPSH the FPSH Expenses in cash up to, but
not exceeding $4.5 million (less any amount paid pursuant to Section 8.3(b) of
the Merger Agreement). Any FPSH Expenses that become payable shall be paid (m)
in the case of clause (i), clause (ii) or clause (iii) above, in cash not later
than two business days after submission of statements therefor, less any such
expenses previously reimbursed by the Company, and (n) in the case of clause
(iv) above not later than the date on which a Company Competing Transaction or
Savia Competing Transaction is consummated. If the Company pays (and FPSH
receives from the Company) any amounts pursuant to Section 8.3(a) or 8.3(b) of
the Merger Agreement after Savia has paid or caused to be paid the FPSH
Expenses, FPSH shall immediately pay to Savia such amounts received from the
Company pursuant to Section 8.3(a) or 8.3(b) of the Merger Agreement, it being
understood that in no event shall FPSH be required to pay any amounts to Savia
if such payment would result in FPSH receiving an aggregate amount less than the
FPSH Expenses (subject to the $4.5 million cap).
11. If any provision of this Agreement shall be invalid
or unenforceable under applicable law, such provision shall be ineffective to
the extent of such invalidity or unenforceability only, without in any way
affecting the remaining provisions of this Agreement.
12. This Agreement may be executed in two or more
counterparts each of which shall be an original with the same effect as if the
signatures hereto and thereto were upon the same instrument. This Agreement may
not be modified, amended, altered or supplemented, except upon the execution and
delivery of a written agreement executed by all parties hereto. Except for
provisions of this Agreement that by their terms survive the termination hereof,
the provisions of this Agreement shall terminate upon the expiration of the
Agreement Period. Notwithstanding anything to the contrary contained herein, the
parties acknowledge and agree that Section 10 of this Agreement shall survive
until the obligations set forth therein have been fully discharged.
13. The parties hereto agree that if for any reason any
party hereto shall have failed to perform its obligations under this Agreement,
then the party seeking to enforce this Agreement against such non-performing
party shall be entitled to specific performance and injunctive and other
equitable relief, and the parties hereto further agree to waive any requirement
for the securing or posting of any bond in connection with the obtaining of any
such injunctive or other equitable relief. This provision is without prejudice
to any other rights or remedies, whether at law or in equity, that any party
hereto may have against any other party hereto for any failure to perform its
obligations under this Agreement.
-6-
14. (a) This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware, without regard to the
principles of conflicts of laws thereof.
(b) The parties hereto hereby agree and consent
to be subject to the exclusive jurisdiction of the courts of the State of
Delaware sitting in the County of New Castle and the United States District
Court for the State of Delaware in any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection
with, this Agreement. Each party hereto hereby irrevocably waives, to the
fullest extent permitted by law, (i) any objection that it may now or hereafter
have to laying venue of any suit, action or proceeding brought in such courts,
and (ii) any claim that any suit, action or proceeding brought in such courts
has been brought in an inconvenient forum.
(c) Each Stockholder irrevocably appoints CT
Corporation Systems, which currently maintains an office at 0000 Xxxxxxxxxxx
Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx, 00000, as its agent to receive service of
process or other legal summons for purposes of any such action or proceeding. So
long as any Stockholder has any obligation under this Agreement, each such
Stockholder will maintain a duly appointed agent in the State of Delaware for
the service of such process or summons, and if it fails to maintain such an
agent, any such process or summons may be served by mailing a copy thereof by
registered mail, or a form of mail substantially equivalent thereto, addressed
to it at its address as provided for notices hereunder.
(d) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER
BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE ACTIONS OF ANY PARTY HERETO IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE AND ENFORCEMENT THEREOF.
15. Each Stockholder will, upon reasonable request,
execute and deliver any additional documents deemed by FPSH to be reasonably
necessary or desirable to complete and effectuate the covenants contained
herein.
16. All notices, requests, claims, demands and other
communications hereunder shall be in writing (including by facsimile with
written confirmation thereof) and unless otherwise expressly provided herein,
shall be delivered during normal business hours by hand, by Federal Express or
other nationally recognized overnight commercial delivery service, or by
facsimile notice, confirmation of receipt received, addressed as follows, or to
such other address as may be hereafter notified by the respective parties
hereto:
If to a Stockholder:
Xxxxx, X.X. de C.V.
Ave. Xxxxx No. 565 Ote. - Piso 4
Colonia Xxxxx Del Campestre
Xxxxx Xxxxxx, X.X. 00000
Xxxxxx
-7-
Attention: Xxxxxxxx Xxxxxxx Xxxxxxx
Facsimile: 011-52-818-399-5606
With a copy, which will not constitute notice, to:
Milbank, Tweed, Xxxxxx & XxXxxx LLP
Xxx Xxxxx Xxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx X. Xxxxxxx, Esq.
Facsimile: 000-000-0000
If to FPSH:
Fox Xxxxx & Company, LLC
000 Xxxxx Xxxx, Xxxxx 0000
Xxxxxx Xxxx, Xxxxxxxxxx 00000
Attention: W. Xxxxxx Xxxxx, III
Facsimile: 000-000-0000
With a copy, which will not constitute notice, to:
Wachtell, Lipton, Xxxxx & Xxxx
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxxx X. Xxxxxxx, Esq.
Facsimile: 212-403-2000
Copies of all notices given under this Agreement shall also be
provided to:
Seminis, Inc.
0000 Xxxxxx xxx Xxx
Xxxxxx, Xxxxxxxxxx 00000-0000
Attention: Chairman of the Special Committee
of the Board of Directors
Facsimile: 000-000-0000
and
Seminis, Inc.
0000 Xxxxxx xxx Xxx
Xxxxxx, Xxxxxxxxxx 00000-0000
Attention: General Counsel
Facsimile: 000-000-0000
-8-
With a copy, which will not constitute notice, to:
Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP
Xxxx Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxx X. Xxxxxx, Esq.
Xxxxx X. Xxxxxxxx, Esq.
Facsimile: 000-000-0000
-9-
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date and year first above written.
FOX XXXXX SEMINIS HOLDINGS, LLC
By: Fox Xxxxx & Company, LLC,
as sole member
By: /s/ Xxxxx X. Xxxxxxxx
--------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Vice President
XXXXX, X.X. DE C.V.
By: /s/ Xxxxxxxx Xxxxxxx
--------------------------
Name: Xxxxxxxx Xxxxxxx
Title: Attorney
SEMINIS ACQUISITION LLC
By: /s/ Xxxxxxxx Xxxxxxx
--------------------------
Name: Xxxxxxxx Xxxxxxx
Title:
-00-
XXXXX XXXXXX, S.A., INSTITUCION DE BANCA
MULTIPLE, AFIRME GRUPO FINANCIERO, AS
TRUSTEE, UNDER THE IRREVOCABLE
ADMINISTRATION AND PAYMENT TRUST NUMBER
167-5 (FIDEICOMISO IRREVOCABLE DE
ADMINISTRACION Y PAGO NUMERO 167-5)
By: /s/ XXXXXX X. XXXXXX
--------------------------
Name: XXXXXX X. XXXXXX
Title: DELEGADO FIDUCIARIO
By: /s/ XXXXXXX XXXXX L.
--------------------------
Name: XXXXXXX XXXXX L.
Title: DELEGADO FIDUCIARIO
CONJUNTO ADMINISTRATIVO
INTEGRAL, S.A. DE C.V.
By: /s/ XXXXXXXXX X. MUZZA
--------------------------
Name: XXXXXXXXX X. MUZZA
Title: ATTORNEY IN FACT
By: /s/ XXXXXX X. XXXXXX
--------------------------
Name: XXXXXX X. XXXXXX
Title: ATTORNEY IN FACT
EMPRIMA, S.A. DE C.V.
By: /s/ XXXXXXXXX X. MUZZA
--------------------------
Name: XXXXXXXXX X. MUZZA
Title: ATTORNEY IN FACT
By: /s/ XXXXXX X. XXXXXX
--------------------------
Name: XXXXXX X. XXXXXX
Title: ATTORNEY IN FACT
PARK FINANCIAL GROUP
By: /s/ XXXXXXXX XXXXXXX
--------------------------
Name: XXXXXXXX XXXXXXX
Title:
By: /s/ XXXXXXX XXXX XXXXX
--------------------------
Name: XXXXXXX XXXX XXXXX
-11-
SCHEDULE A
Shares of Company
Stockholder Common Stock
----------- ------------
Xxxxx, X.X. de C.V ............................................ 40,615,619
Conjunto Administrativo Integral, S.A. de C.V ................. 42,000
Park Financial Group, Ltd (BVI) ............................... 1,000,000
Banca Afirme, S.A., Institucion de Banca Multiple,
Afirme Grupo Financiero, as Trustee, under the
Irrevocable Administration and Payment Trust Number
167-5 (Fideicomiso Irrevocable de Administracion Y
Pago Numero 167-5) ............................................ 4,365,257
