SETTLEMENT AGREEMENTSettlement Agreement • May 3rd, 2004 • Water Pik Technologies Inc • Electric housewares & fans • California
This Settlement Agreement (the “Agreement”) dated April 30, 2004 (the “Effective Date”) is made by and among Water Pik Technologies, Inc., a Delaware corporation (the “Company”), on the one hand, and Tennenbaum Capital Partners, LLC, a Delaware limited liability company (“TCP”), Special Value Bond Fund, LLC, a Delaware limited liability company (“SVBF”), Special Value Bond Fund II, LLC, a Delaware limited liability company (“SVBFII”), SVIM/MSM, LLC, a Delaware limited liability company (“SVIM/MSM”), SVIM/MSM II, LLC, a Delaware limited liability company (“SVIM/MSMII”), Tennenbaum & Co., LLC, a Delaware limited liability company (“TCO”), Michael E. Tennenbaum (“Tennenbaum”) and Mark K. Holdsworth (“Holdsworth”) on the other hand. TCP, SVBF, SVBFII, SVIM/MSM, SVIM/MSMII, TCO and Messrs. Tennenbaum and Holdsworth are collectively referred to herein as the “TC Persons.”
