SETTLEMENT AGREEMENTSettlement Agreement • May 9th, 2006 • Ashworth Inc • Men's & boys' furnishgs, work clothg, & allied garments • Delaware
SETTLEMENT AGREEMENT, dated this 5th day of May, 2006 (“Agreement”), among Knightspoint Partners II, L.P.; Knightspoint Capital Management II LLC; Knightspoint Partners LLC; Michael S. Koeneke; David M. Meyer; Starboard Value and Opportunity Master Fund Ltd.; Parche, LLC; Admiral Advisors, LLC; Ramius Capital Group, LLC; C4S & Co., LLC; Peter A. Cohen; Jeffrey M. Solomon; Morgan B. Stark; Thomas W. Strauss; Black Sheep Partners, LLC; Brian Black and Peter M. Weil (the foregoing individuals and entities being collectively referred to herein as the “Knightspoint Group”), and Ashworth, Inc., a Delaware corporation (the “Company”).
