Exhibit 99.27
ASSIGNMENT OF OPTION
WHEREAS, on June 27, 2003, Xxxxxx X. Xxxxxxx, as trustee of the Xxxxxx X.
Xxxxxxx 1988 Trust Number One (the "Trust"), entered into an option agreement
(the "Option Agreement") with his children, including X. Xxxx Xxxxxxx;
WHEREAS, pursuant to the Option Agreement, X. Xxxx Xxxxxxx has an option to
purchase certain assets from the Trust during the period beginning on May 22,
2004, the date of Xxxxxx X. Xxxxxxx'x death, and ending on February 22, 2005;
WHEREAS, pursuant to paragraph 3 of the Option Agreement, X. Xxxx Xxxxxxx
may assign his right to exercise the option granted under the Option Agreement,
in whole or in part, to trusts for the benefit of any one or more of Xxxxxx X.
Xxxxxxx'x descendants and corporations or partnerships, a majority of the value
of which is owned (directly or indirectly through ownership in one or more
corporations or partnerships) by any one or more of Xxxxxx X. Xxxxxxx'x
descendants or by a trust for the benefit of any one or more of Xxxxxx X.
Xxxxxxx'x descendants; and
WHEREAS, X. Xxxx Xxxxxxx desires to assign his rights under the Option
Agreement in part to each of Xxxxxxx Bank, as trustee of the X. Xxxx Xxxxxxx
Third Party Gift and Inheritance Trust, and Series II of HFJ III Family Line
Investments LLC.
NOW, THEREFORE:
1. X. Xxxx Xxxxxxx hereby assigns, transfers and conveys to Xxxxxxx Bank,
as trustee of the X. Xxxx Xxxxxxx Third Party Gift and Inheritance Trust, his
right pursuant to the Option Agreement to purchase 146,988 Class A shares, 6,250
Class B shares and 11,762 Class B voting trust certificates in Xxxxxxx Outdoors,
Inc., a Wisconsin corporation.
2. X. Xxxx Xxxxxxx hereby assigns, transfers and conveys to Series II of
HFJ III Family Line Investments LLC his right pursuant to the Option Agreement
to purchase 85,000 Class A shares of Xxxxxxx Outdoors, Inc., a Wisconsin
corporation.
3. Xxxxxxx X. Xxxxxxx and Xxxxxxx Bank, as co-trustees of the Xxxxxx X.
Xxxxxxx 1988 Trust Number One dated September 14, 1988, hereby consent to the
assignment of X. Xxxx Xxxxxxx'x rights pursuant to the Option Agreement to
purchase 85,000 Class A shares of Xxxxxxx Outdoors, Inc., a Wisconsin
corporation, to Series II of HFJ III Family Line Investments LLC.
Signed at Racine, Wisconsin, on December 15, 2004.
X. Xxxx Xxxxxxx
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X. Xxxx Xxxxxxx
XXXXXX X. XXXXXXX 1988 TRUST NUMBER ONE
XXXXXXX BANK, trustee
/s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, Senior Vice President
