September 13, 1999 Whippoorwill Associates, Inc., as agent for various discretionary accounts 11 Martine Avenue White Plains, New York 10606 Gentlemen: This letter will confirm our agreement that Kasper A.S.L., Ltd., a Delaware company (the...Adjournment Agreement • September 22nd, 1999 • Kasper a S L LTD • Women's, misses', and juniors outerwear
This letter will confirm our agreement that Kasper A.S.L., Ltd., a Delaware company (the "Company"), will adjourn its Annual Meeting of Stockholders to be held on September 14, 1999 in respect of proposals 1 and 2 (or schedule a new meeting to consider such proposals); such adjourned portion of the Annual Meeting or new meeting is referred to herein as the "Adjourned Meeting". The Adjourned Meeting will be held not less than 45 days (but no more than 90 days) after September 14, 1999 in order to permit discussions among stockholders regarding the composition of the Company's Board of Directors and the impact of the 1999 Share Incentive Plan. Such Adjourned Meeting shall qualify as an "annual meeting" for the purposes of Section 3.2 of the By-laws.
