Re: Confidentiality and Standstill AgreementConfidentiality and Standstill Agreement • February 24th, 2012 • Red Mountain Capital Partners LLC • Unsupported plastics film & sheet • Delaware
As you know, Red Mountain Capital Partners LLC, a Delaware limited liability company (“Red Mountain”), together with its Affiliates, beneficially own 4,110,011 shares of common stock of STR Holdings, Inc. (the “Company”), representing approximately 9.9% of the outstanding shares of the Company. In response to Red Mountain’s request, the Company has agreed to and expects to deliver to Red Mountain, following the execution and delivery of this letter agreement by Red Mountain, certain information about its properties, employees, finances, business and operations (including monthly financial information and all information and materials provided or made available to the full board of directors of the Company (the “Board of Directors”) or otherwise to a majority of the members of the Board of Directors) that is currently available or becomes available during the duration of this letter agreement.
