EXHIBIT 10(l)
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CONSENT AND JOINDER AGREEMENT
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CONSENT AND JOINDER AGREEMENT dated June 6, 2006 by and among XXXX
XXXXXXXXX, an individual with an address at XX Xxx 000, Xxxxxx, XX 00000
("Xxxxxxxxx"), XXXXX XXXXXX, an individual with an address at 0 Xxxxxxx Xxxx,
Xxxxxxxxxx, XX 00000 ("Xxxxxx", and together with Xxxxxxxxx, the "New
Stockholders"), XXXXXX, INC., a Delaware corporation with an address at 000 00xx
Xxxxxx, Xxxx Xxx Xxxx, Xxx Xxxxxx 00000 ("Xxxxxx"), and the persons listed on
the signature pages hereto (the "Present Stockholders").
BACKGROUND
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Xxxxxx and the Present Stockholders are parties to an Amended and
Restated Stockholders' Agreement dated as of May 12, 2003 (as amended to date,
the "Stockholders' Agreement") pursuant to which, among other things, Xxxxxx and
the Present Stockholders have agreed to certain provisions relating to the
voting and disposition of the shares of common stock, $1.00 par value per share
(the "Common Stock") owned by them or as to which they may have or share the
right to vote.
Each of the New Stockholders desires to become a party to the
Stockholders' Agreement and the Present Stockholders have agreed that the New
Stockholders may become a party to the Stockholders' Agreement, all upon the
terms and subject to the conditions set forth in this Consent and Joinder
Agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained
herein and in the Stockholders' Agreement, and for other good and valuable
consideration, Xxxxxx, the New Stockholders and the Present Stockholders hereby
agree as follows:
1. Definitions. Capitalized terms used but not defined in this
Consent and Joinder Agreement shall have the meanings assigned to those terms in
the Stockholders' Agreement.
2. Joinder. Each of the New Stockholders hereby consents and
agrees, effective as of the date hereof, to being added and obligated as a
Stockholder under the Stockholders' Agreement and the Present Stockholders
hereby consent and agree to the foregoing.
3. Amendments to Stockholders' Agreement. (a) All references to
"Stockholder" or
Stockholders" in the Stockholders' Agreement shall be deemed to include the New
Stockholders, and the respective definitions of those terms are each hereby
amended to include the New Stockholders.
(b) Schedule A to the Stockholders' Agreement is hereby
amended to add the name and address of the New Stockholders as follows:
Xxxx Xxxxxxxxx Xxxxx Xxxxxx
XX Xxx 000 0 Xxxxxxx Xxxx
Xxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
(c) Each of the New Stockholders shall be a member of the
Xxxxxx Xxxxxxxx Stockholder Group and, in that regard, Schedule B to the
Stockholders' Agreement is hereby amended to add the names "Xxxx Xxxxxxxxx" and
"Xxxxx Xxxxxx" to the end of the page captioned "XXXXXX XXXXXXXX STOCKHOLDER
GROUP".
4. Miscellaneous. (a) Except as amended hereby, the Stockholders'
Agreement, and all documents, instruments and agreements executed and/or
delivered in connection therewith, shall remain in full force and effect and are
hereby ratified and confirmed.
(b) This Agreement shall be governed by, and construed
and enforced in accordance with, the laws of the State of New York, without
regard to principles of conflicts of law (other than Section 5-1401 of the New
York General Obligations Law).
(c) This Agreement may be executed in two or more
counterparts, each of which shall be considered to be an original, but all of
which, when taken together, shall constitute one and the same instrument.
(d) Headings in this Agreement are for reference purposes
only and shall not be deemed to have any substantive effect.
(e) Any signature received by facsimile or electronic
transmission shall be deemed an original signature hereto.
(remainder of page intentionally left blank)
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IN WITNESS WHEREOF, Xxxxxx, the New Stockholders and the Present
Stockholders have executed this Consent and Joinder Agreement as of the day and
year first above written.
XXXXXX, INC.
By: /s/ XXXXXX XXXXXXXX
---------------------------------
Name: Xxxxxx Xxxxxxxx
Title: President
/s/ XXXX XXXXXXXXX
-------------------------------------
Xxxx Xxxxxxxxx
/s/ XXXXX XXXXX
-------------------------------------
Xxxxx Xxxxxx
(signatures continue on next page)
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STOCKHOLDER SIGNATURES
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/s/ XXX XXXXXXXX /s/ XXXXX XXXXXXXXX
----------------------------- -------------------------------
Xxx Xxxxxxxx Xxxxx Xxxxxxxxx
/s/ XXXXXX XXXXXXXX /s/ XXXXX XXXXXXXXX
----------------------------- -------------------------------
Xxxxxx Xxxxxxxx Xxxxx Xxxxxxxxx
/s/ XXXXXX XXXXXXXX /s/ XXXXX XXXXXXXXX
----------------------------- -------------------------------
Xxxxxx Xxxxxxxx Xxxxx Xxxxxxxxx
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Xxxxx Xxxx Xxxxxxxx
/s/ XXXXXX XXXXXXXX /s/ XXXXXX XXXXXXXXX
----------------------------- -------------------------------
Xxxxxx Xxxxxxxx custodian for Xxxxxx Xxxxxxxxx
Xxxxxx Xxxx Xxxxxxxx
/s/ XXXXXX XXXXXXXX
----------------------------- -------------------------------
Xxxxxx Xxxxxxxx custodian for Xxxxxx Xxxxxxxx
Xxxxxxx Xxxx Xxxxxxxx
/s/ XXXXXX XXXXXXXX THE XXXXX XXXXXXXX FOUNDATION
-----------------------------
Xxxxxx Xxxxxxxx custodian for
Xxxxx Xxxx Xxxxxxxx
By: /s/ XXX XXXXXXXX
------------------------------
----------------------------- Print Name: Xxx Xxxxxxxx
Xxxxxxx Xxxxxxx Xxxxxxxx Print Title: Director
/s/ XXXXXXXXX XXXX XXXXXXX ABE AND XXXXXX XXXXXXXX FOUNDATION
-----------------------------
Xxxxxxxxx Xxxx Xxxxxxx By: /s/ XXX XXXXXXXX
------------------------------
/s/ XXXX XXX XXXXXXX Print Name: Xxx Xxxxxxxx
----------------------------- Print Title: Director
Xxxx Xxx Xxxxxxx
/s/ XXXXXX XXXXXXXXX
-----------------------------
Xxxxxx Xxxxxxxxx
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STOCKHOLDER SIGNATURES
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NATMART LTD. /s/ XXXXXX XXXX
----------------------------------
Xxxxxx Xxxx
By: /s/ XXXXX XXXXXXXX
----------------------------- /s/ XXXXXXX XXXXXXXX
Print Name: Xxxxx Xxxxxxxx ----------------------------------
Print Title: General Partner Xxxxxxx Xxxxxxxx
/s/ XXXXXXX XXXXXXXX /s/ XXXXXX XXX XXXX
----------------------------- ----------------------------------
Xxxxxxx Xxxxxxxx Xxxxxx Xxx Xxxx for Xxxxxx
Xxxxxxxxxx, a minor
/s/ XXXXXX XXX XXXX
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Xxxxxx Xxx Xxxx
/s/ XXXXXXXXX XXXXXX
----------------------------------
/s/ XXXXX XXXX Xxxxxxxxx Xxxxxx
-----------------------------
Xxxxx Xxxx
/s/ XXXXXX XXX XXXX NATALIE AND XXXXXX XXXXXXXX
----------------------------- FOUNDATION
Xxxxxx Xxx Xxxx
/s/ XXXXX XXXX XXXX By: /s/ XXXXXXX XXXXXXXX
----------------------------- ------------------------------
Xxxxx Xxxx Xxxx Print Name: Xxxxxxx Xxxxxxxx
Print Title:
/s/ XXXXX XXXXXXXX
-----------------------------
Xxxxx Xxxxxxxx XXXXX AND XXXXXXX XXXXXXXX
FOUNDATION
/s/ XXXXXXX XXXXXXXX
-----------------------------
Xxxxxxx Xxxxxxxx By: /s/ XXXXX XXXXXXXX
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Print Name: Xxxxx Xxxxxxxx
/s/ XXXXXXX XXXXXXXX Print Title: President
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Xxxxx Xxxxxxxx, custodian for
Xxxxxxx Xxxxxxxx
/s/ XXXXXXX XXXXXX XXXXXXXX
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Xxxxx Xxxxxxxx custodian for
Xxxxxxx Xxxxxx Xxxxxxxx
/s/ XXXXXXX XXXXXXXX
-----------------------------
Xxxxxxx Xxxxxxxx
/s/ XXXXXXX XXXXXXXX
-----------------------------
Xxxxxxx Xxxxxxxx
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STOCKHOLDER SIGNATURES
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/s/ XXXXXX XXXXXXXX XXXX XXXXXXXX MEMORIAL
----------------------------- FOUNDATION
Xxxxxx Xxxxxxxx
/s/ XXXXXX XXXXXXXX By: /s/ XXXXXX XXXXXXXX
----------------------------- ------------------------------
Xxxxxx Xxxxxxxx Print Name: Xxxxxx Xxxxxxxx
Print Title: Trustee
/s/ XXXXXX XXXXXXXX
-----------------------------
Xxxxxx Xxxxxxxx custodian for /s/ XXXXXXXXX XXXXXXXX
Xxxxx Xxxx Xxxxxxxx ----------------------------------
Xxxxxxxxx Xxxxxxxx
/s/ XXXXXX XXXXXXXX /s/ XXXXXXX XXXXXXXX
----------------------------- ----------------------------------
Xxxxxx Xxxxxxxx custodian for Xxxxxxx Xxxxxxxx for Xxxxxx
Xxxxxxx Xxxxxx Xxxxxxxx Chestnov, a minor
/s/ XXXXXX XXXXXXXX
----------------------------- ----------------------------------
Xxxxxx Xxxxxxxx Xxxx Xxxxxxxx
/s/ XXXXXXX XXXXXXXX
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Xxxxxxx Xxxxxxxx, Trustee under
Estate of Xxxx Xxxxxxxx-Non Marital Trust B
/s/ XXXXXX XXXXXXXX
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Xxxxxx Xxxxxxxx, Trustee under
Estate of Xxxx Xxxxxxxx-Non-Marital Trust B
/s/ XXXXXXX XXXXXXXX
-----------------------------
Xxxxxxx Xxxxxxxx
/s/ XXXX XXXXXXXX
-----------------------------
Xxxx Xxxxxxxx
/s/ XXXXX XXXXXXXX
-----------------------------
Xxxxx Xxxxxxxx
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