STOCK CROSS-PURCHASE AGREEMENT OF THE ROTTLUND COMPANY, INC.Stock Cross-Purchase Agreement • January 24th, 2002 • Rottlund Co Inc • Operative builders • Minnesota
January 15, 2002 The Rottlund Company, Inc. 3065 Center Point Drive Roseville, Minnesota 55113 Re: Second Amended and Restated Revolving Credit Agreement, dated November 30, 1999, as amended ("Credit Agreement") among The Rottlund Company, Inc....Credit Agreement • January 24th, 2002 • Rottlund Co Inc • Operative builders
This letter, when accepted, constitutes the commitment of the Lenders to provide the modifications ("Modifications") to the Credit Agreement and the Loan Documents as described on the Term Sheet dated January 11, 2002 attached hereto as Exhibit "A" which is incorporated herein by reference ("Term Sheet"). The Modifications relate to and are conditioned upon the Borrower repurchasing a sufficient amount of outstanding shares of common stock of Borrower held by public investors to enable the Borrower to delist from the American Stock Exchange and cease reporting to the Securities and Exchange Commission while still vesting control of the Borrower in the Rotter family (the "Go Private Transaction (all of the foregoing being referred to as the "Go Private Transaction"). Terms not otherwise defined herein shall have the meanings set forth in the Credit Agreement.
