Exhibit 99 On June 1, 2007, Marathon Fund Limited Partnership V ("MFV"), Peninsula Investment Partners, L.P. ("PIP"), Quaker Capital Partners I, LP ("Quaker I"), and Quaker Capital Partners II, LP ("Quaker II") (collectively, the "Purchasers"),...Marathon Fund L P V • June 11th, 2007 • Retail-family clothing stores
On June 1, 2007, Marathon Fund Limited Partnership V ("MFV"), Peninsula Investment Partners, L.P. ("PIP"), Quaker Capital Partners I, LP ("Quaker I"), and Quaker Capital Partners II, LP ("Quaker II") (collectively, the "Purchasers"), entered into a Support Agreement (the "Support Agreement"), pursuant to which PIP, Quaker I, and Quaker II agreed, for the benefit of MFV, to vote all shares of Issuer's common stock held by them, and any other securities held by them having voting rights during the term of the Support Agreement, in favor of, among other things, the transactions contemplated by that certain Securities Purchase Agreement, entered into concurrently with the execution of the Support Agreement, by and among the Purchasers and the Issuer. The Securities Purchase Agreement provides for the sale, in a private placement, of 45,000 shares of Series A Convertible Preferred Stock of Issuer and warrants to purchase 15 million shares of common stock of Issuer, to the Purchasers.
