Document:

Exhibit
10.6

EXECUTION
COPY

SECURITIES
PURCHASE AGREEMENT

THIS
SECURITIES PURCHASE AGREEMENT (this “Agreement”) is
made as of February 2, 2006 by and among Indalex Holdings Finance, Inc., a
Delaware corporation (the “Company”), and each Person whose name appears
on the signature page hereto under the heading “Purchasers” (collectively, “Purchasers”).
Except as otherwise indicated herein, capitalized terms used herein are defined
in Section 5 hereof.

WHEREAS,
the Company desires to sell to Purchasers, and Purchasers desire to buy from
the Company an aggregate of 3,037 shares of Non-Voting Common Stock (the “Shares”)
in the amounts set forth on the Schedule of Purchasers (as defined herein);

NOW,
THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

1.             Sale
of Common Stock and Closing.

(a)           Sale
of the Shares. At the Closing and upon the terms and conditions set forth
in this Agreement, the Company shall sell, transfer, and assign to Purchasers
and Purchasers shall purchase from the Company, all of the right, title, and
interest in and to the Shares in the amounts set forth on the Schedule of
Purchasers.

(b)           Deliveries
by each Purchaser. At the Closing, each Purchaser shall deliver to the
Company (i) a cashier’s check or wire transfer of immediately available funds
to a bank account designated by the Company in the amounts set forth on the
Schedule of Purchasers, (ii) an executed signature page to the Stockholders’
Agreement in form and substance attached hereto as Exhibit A,
and (iii) such other documents relating to the transactions contemplated by
this Agreement as the Company or its special counsel may reasonably request.

2.             The
Closing. The closing of the transactions contemplated hereby (the “Closing”)
shall take place at the offices of Kirkland & Ellis LLP in Chicago,
Illinois at 10 a.m. on the date hereof, or at such other place or on such other
date as may be mutually agreeable to the Company and Purchasers.

3.             Representations
and Warranties of the Company. The Company hereby represents and
warrants to Purchasers that:

(a)           Authorization;
No Breach. The execution, delivery, and performance of this Agreement and
all other agreements contemplated hereby to which the Company is a party have
been duly authorized by the Company. This Agreement and all other agreements
contemplated hereby each constitutes a valid and binding obligation of the
Company, enforceable in accordance with its terms, except as enforceability may
be limited by bankruptcy, insolvency, reorganization, moratorium, or other laws
affecting creditors’ rights generally and limitations on the availability of
equitable remedies. The execution and delivery by the Company of this Agreement
and all other agreements contemplated hereby to which the Company is a party,
the offering, sale, and issuance of the Securities hereunder, and the
fulfillment of and compliance with the respective terms hereof and thereof by
the Company, do not and shall not (i) conflict with or result in a breach of
the terms, conditions or provisions of, (ii) constitute a default under, (iii)
result in the creation of any lien, security interest, charge, or encumbrance
upon the Company’s capital stock or assets pursuant to, (iv) give any third
party the right to modify, terminate, or accelerate any obligation under,

 

(v) result in a violation of, or (vi) require any
authorization, consent, approval, exemption, or other action by or notice to
any court or administrative or governmental body to, its governing documents or
any material law, statute, rule, or regulation to which the Company is subject,
or any material agreement, instrument, order, judgment, or decree to which the
Company or any subsidiary is subject, except where any such condition would not
have a material adverse effect on the Company.

4.             Representations
and Warranties of Each Purchaser.

(a)           Each
Purchaser hereby represents and warrants to the Company that: (i) each of the
representations and warranties made by such Purchaser to the Company in the
Stockholders’ Agreement are true and correct in all respects; (ii) such
Purchaser has, independently and without reliance upon the Company and based on
such documents and information as he has deemed appropriate, made his own
investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of the Company; (iii) the execution,
delivery, and performance of this Agreement and the other agreements
contemplated hereby have been duly authorized by such Purchaser and do not
require such Purchaser to obtain any consent or approval that has not been
obtained and do not contravene or result in a default under any provision of
any law or regulation applicable to such Purchaser or other governing documents
or any agreement or instrument to which such Purchaser is a party or by which
such Purchaser is bound; and (iv) this Agreement and the other agreements
contemplated hereby constitute the legal, valid and binding obligation of such
Purchaser, enforceable against such Purchaser in accordance with its terms,
except as enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium, or other laws affecting creditors’ rights generally
and limitations on the availability of equitable remedies.

(b)           Each
Purchaser (i) has received and carefully read a copy of the Stockholders’
Agreement attached hereto as Exhibit A;
(ii) has been given the opportunity to consult with independent legal counsel
regarding his, her or its rights and obligations under the Stockholders’
Agreement and has consulted with such independent legal counsel regarding the
foregoing (or, after carefully reviewing the Stockholders’ Agreement, has
freely decided not to consult with independent legal counsel); and (iii) fully
understands the terms and conditions contained in the Stockholders’ Agreement
and agrees that the terms therein will be binding and enforceable against him,
her or it immediately following the Closing. Each Purchaser acknowledges
receipt of and understands the terms of the Company’s Amended and Restated
Certificate of Incorporation attached hereto as Exhibit B.

(c)           Each Purchaser hereby represents and
warrants to the Company that such Purchaser (i) is an “accredited investor”
(within the meaning of Rule 501(a) promulgated by the Securities and Exchange
Commission) or (ii) by reason of such Purchaser’s business and financial
experience, and the business and financial experience of those retained by such
Purchaser to advise such Purchaser with respect to such Purchaser’s investment
in the Securities being purchased hereunder, such Purchaser, together with such
advisors, has such knowledge and experience in financial and business matters
so as to be capable of evaluating the merits and risks of an investment in the
Company and making an informed investment decision with respect thereto.

(d)           Each
Purchaser acknowledges that Indalex Holding Corp., a Subsidiary of the Company
(“Indalex”), is a party to a Management Services Agreement, dated
February 2, 2006 (the “MSA”),
with an affiliate of Sun Indalex, LLC (“Sun”), that requires (as of the
date hereof) Indalex to pay annual consulting services fees to such affiliate
in an amount equal to the greater of $1,000,000 or 2.0% of EBITDA (as defined
therein), such fees to be paid quarterly in advance. In addition, the MSA
provides that Indalex is to pay a fee equal to 1% of the aggregate
consideration paid to or by Indalex or to or by any of its direct or indirect
Subsidiaries or shareholders as a result of a refinancing, restructuring,
equity or debt offering, acquisition, merger, consolidation, business
combination, sale or divestiture of all or

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substantially all of the assets or the outstanding
shares of the capital stock of or involving Indalex or any of the direct or
indirect subsidiaries or shareholders of Indalex.

5.             Definitions.
For the purposes of this Agreement, the following terms have the meanings set
forth below:

“Non-Voting
Common Stock” has the meaning set forth in the Stockholders Agreement.

“Person”
means an individual, a corporation, a limited liability company, an
association, a joint-stock company, a business trust or other similar
organization, a partnership, a joint venture, a trust, an unincorporated
organization or a government or any agency, instrumentality or political
subdivision thereof.

“Restricted
Securities” means the Securities. As to any particular Restricted
Securities, such securities shall cease to be Restricted Securities when they
have (a) been effectively registered under the Securities Act and disposed of
in accordance with the registration statement covering them, (b) been
distributed to the public through a broker, dealer or market maker pursuant to
Rule 144 (or any similar provision then in force) under the Securities Act or
become eligible for sale pursuant to Rule 144(k) (or any similar provision then
in force) under the Securities Act or (c) been otherwise transferred and, if
such Restricted Securities have been certificated, new certificates for them
not bearing the Securities Act legend set forth in Section 6(d)
have been delivered by the Company in accordance with Section 6.
Whenever any particular securities of the Company cease to be Restricted
Securities, the holder thereof shall be entitled to receive from the Company,
without expense, to the extent such Restricted Security was certificated, new
securities of like tenor not bearing a Securities Act legend of the character
set forth in Section 6(d).

“Schedule of
Purchasers” means the Schedule of Purchasers attached hereto and made a
part hereof.

“Securities”
means all the shares of Non-Voting Common Stock currently owned or hereafter
acquired by Purchasers. Securities will continue to be Securities in the hands
of any holder other than Purchasers (except for the Company), and except as
otherwise provided herein, each such other holder of Securities will succeed to
all rights and obligations attributable to a Purchaser as a holder of
Securities hereunder. The Securities will also include any shares of capital
stock of the Company issued with respect to the Securities by way of a stock
split, stock dividend or other recapitalization.

“Securities Act”
means the Securities Act of 1933, as amended from time to time.

“Stockholders
Agreement” means the Stockholders’ Agreement of the Company, dated as of
February 2, 2006, by and among the Company, Sun and the other parties signatory
thereto in the form of Exhibit A
attached hereto.

“Subsidiaries”
means any corporation or other entity of which the securities or other
ownership interests having the voting power to elect a majority of the board of
directors or other governing body are, at the time of determination, owned by
the Company, directly or through one or more Subsidiaries.

6.             Securities
Law and Other Restrictions on Transfer of the Securities.

(a)           The
Securities are restricted securities transferable only pursuant to (i) public
offerings registered under the Securities Act, (ii) Rule 144 or Rule 144A of
the Securities and Exchange

 3
 

 

Commission (or any similar rule or rules then in
force) if such rule is available and (iii) subject to the conditions specified
in Section 6(b) below, any other legally
available means of transfer.

(b)           In
connection with the transfer of any Restricted Securities (other than a
transfer described in clauses (i) or (ii) of Section 6(a)
above), the holder thereof shall deliver written notice to the Company
describing in reasonable detail the transfer or proposed transfer, together
with an opinion of counsel knowledgeable in securities law matters to the
effect that such transfer of Restricted Securities may be effected without
registration of such Restricted Securities under the Securities Act. In
addition, to the extent the Restricted Securities were certificated, if the
holder of the Restricted Securities delivers to the Company an opinion of
counsel that no subsequent transfer of such Restricted Securities shall require
registration under the Securities Act, the Company shall promptly upon such
contemplated transfer deliver new certificates for such Restricted Securities
which do not bear the Securities Act legend set forth in Section 6(d).
If the Company is not required to deliver new certificates without such legend
for such Restricted Securities, the Purchasers shall not transfer the same
until the prospective transferee has confirmed to the Company in writing his,
her, or its agreement to be bound by the conditions contained in this Section 6.

(c)           If
any Restricted Security becomes eligible for sale pursuant to Rule 144(k) and
to the extent such Restricted Security was certificated, the Company shall,
upon the request of the holder of such Restricted Securities, remove the legend
set forth in Section 6(d) below from the
certificates for such Restricted Securities provided that such holder has
previously delivered to the Company an opinion of counsel that Rule 144(k)
applies and that no subsequent transfer of such Restricted Securities shall
require registration under the Securities Act. Each opinion of counsel
delivered to the Company under this Section 6 shall
be in form and substance reasonably satisfactory to the Company.

(d)           Each
certificate or instrument representing Restricted Securities, if any, shall be
imprinted with a legend in substantially the following form:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE
ORIGINALLY ISSUED ON FEBRUARY 2, 2006, HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE SECURITIES
LAWS (“STATE ACTS”) AND MAY NOT BE SOLD, ASSIGNED, PLEDGED, TRANSFERRED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE ACT OR STATE ACTS OR AN EXEMPTION FROM REGISTRATION THEREUNDER.

THE TRANSFER OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE IS SUBJECT TO THE CONDITIONS SPECIFIED IN A STOCKHOLDERS’
AGREEMENT, DATED AS OF FEBRUARY 2, 2006 AS AMENDED AND MODIFIED FROM TIME TO
TIME, GOVERNING THE ISSUER HEREOF, AND BY AND AMONG CERTAIN INVESTORS (THE “STOCKHOLDERS’
AGREEMENT”). THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY ALSO BE SUBJECT
TO ADDITIONAL TRANSFER RESTRICTIONS, CERTAIN VESTING PROVISIONS, REPURCHASE
OPTIONS, OFFSET RIGHTS AND FORFEITURE PROVISIONS SET FORTH IN THE STOCKHOLDERS’
AGREEMENT AND/OR A SEPARATE AGREEMENT WITH THE INITIAL HOLDER. A COPY OF SUCH
CONDITIONS,

 4
 

 

REPURCHASE OPTIONS AND FORFEITURE PROVISIONS SHALL BE
FURNISHED BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT
CHARGE.

THE SECURITIES REPRESENTED HEREBY ARE ALSO SUBJECT TO
CERTAIN AGREEMENTS SET FORTH IN A SECURITIES PURCHASE AGREEMENT, DATED AS OF
FEBRUARY 2, 2006, AS AMENDED AND MODIFIED FROM TIME TO TIME, BY AND AMONG THE
ISSUER, SUN INDALEX, LLC AND THE ORIGINAL HOLDER HEREOF, AND THE ISSUER
RESERVES THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITIES UNTIL SUCH
CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. A COPY OF SUCH
CONDITIONS SHALL BE FURNISHED BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN
REQUEST AND WITHOUT CHARGE.

(e)           Notwithstanding
anything to the contrary contained herein, the Securities are also subject to
the restrictions on transfer set forth in the Stockholders’ Agreement.

7.             General Provisions.

(a)           Survival
of Representations. All representations and warranties contained herein or
made in writing by any party in connection herewith shall survive the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby, regardless of any investigation made by a party or on its
behalf.

(b)           Expenses.
Each Purchaser will bear its own costs and expenses (including attorneys’ fees
and expenses) incurred in connection with the preparation, negotiation, and
consummation of this Agreement and the transactions contemplated hereby.

(c)           Place
of Payments with Respect to the Securities. All payments to be made to a
Purchaser with respect to the Securities shall be delivered to such Purchaser’s
address as set forth in Section 7(d)
below or to such other person or account as such Purchaser may from time to
time specify to the Company by prior written notice.

(d)           Notices.
Any notice, request, instruction, or other document to be given hereunder by a
party hereto shall be in writing and shall be deemed to have been given,
(i) when received if given in person, (ii) on the date of
transmission if sent by telex, telecopy, or other wire transmission (with
answer back confirmation of such transmission), (iii) upon delivery, if
delivered by a nationally known commercial courier service providing next day
delivery service (such as Federal Express), or (iv) upon delivery, or
refusal of delivery, if deposited in the U.S. mail, certified or registered
mail, return receipt requested, postage prepaid:

If to the Company, to it at:

Indalex Holdings Finance,
Inc.

c/o Sun Capital Partners, Inc.

5200 Town Center Circle, Suite 470

Boca Raton, Florida 
33486

Attention:                                         Marc
J. Leder; Rodger R. Krouse

C. Deryl Couch

Telecopy No.:                     561.394.0540

 5
 

 

with a copy to:

Sun Capital
Advisors IV, LP

5200 Town Center
Circle, Suite 470

Boca Raton,
Florida  33486

Attention:                                         Marc
J. Leder; Rodger R. Krouse

C. Deryl Couch

Telecopy No.:                     561.394.0540

and

Kirkland &
Ellis LLP

200 East Randolph
Drive

Chicago, Illinois
60601

Attention:                                         Douglas
C. Gessner

Telecopy No.                        312.861.2200

If to any Purchaser, to
such Purchaser at the address set forth on the Schedule of Purchasers;

or to
such other individual or address as a party hereto may designate for itself by
notice given as herein provided.

(e)           Transfers
in Violation of Agreement. Any transfer or attempted transfer of any
Securities in violation of any provision of this Agreement shall be void, and
the Company shall not record such transfer on its books or treat any purported
transferee of such Securities as the owner of such stock for any purpose.

(f)            Complete
Agreement. This Agreement, those documents expressly referred to herein and
other documents of even date herewith embody the complete agreement and
understanding among the parties and supersede and preempt any prior
understandings, agreements or representations by or among the parties, written
or oral, which may have related to the subject matter hereof in any way.

(g)           Severability.
Whenever possible, each provision of this Agreement will be interpreted in such
manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such invalidity,
illegality or unenforceability will not affect any other provision or any other
jurisdiction, but this Agreement will be reformed, construed and enforced in
such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

(h)           Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all
such counterparts taken together shall constitute one and the same Agreement;
provided, that upon execution and delivery hereof to the Company by any
Purchaser, this Agreement shall be binding upon such Purchaser, without regard
to whether any additional Purchaser(s) execute and deliver counterparts hereof.

(i)            Successors
and Assigns. Except as otherwise provided herein, this Agreement shall bind
and inure to the benefit of and be enforceable by any of the parties hereto and
their respective successors and assigns (including subsequent holders of
Securities); provided that the rights and obligations of

 6
 

 

Purchasers under this Agreement shall not be
assignable except in connection with a transfer of the Securities in accordance
with the provisions of this Agreement and the Stockholders’ Agreement.

(j)            Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.
The use of the word “including” in this Agreement shall be by way of example
rather than by limitation.

(k)           Choice
of Law. The corporate law of the State of Delaware will govern all
questions concerning the relative rights of the Company and its stockholders.
All other questions concerning the construction, validity and interpretation of
this Agreement and the exhibits hereto will be governed by and construed in
accordance with the internal laws of the State of Delaware, without
giving effect to any choice of law or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of
Delaware.

(l)            Waiver
of Trial By Jury. Each of the parties to this Agreement irrevocably and
unconditionally waives the right to a trial by jury in any action, suit or
proceeding arising out of, connected with or relating to this Agreement, the
matters contemplated hereby, or the actions of the parties in the negotiation,
administration, performance or enforcement of this Agreement.

(m)          Remedies.
Each of the parties to this Agreement will be entitled to enforce its rights
under this Agreement specifically, to recover damages and costs (including
attorneys’ fees) caused by any breach of any provision of this Agreement and to
exercise all other rights existing in its favor. The parties hereto agree and
acknowledge that money damages may not be an adequate remedy for any breach of
the provisions of this Agreement and that any party in its sole discretion may
apply to any court of competent jurisdiction (without posting any bond or
deposit) for specific performance and/or other injunctive relief in order to
enforce or prevent any violations of the provisions of this Agreement.

(n)           Amendment
and Waiver. The provisions of this Agreement may be amended and waived only
with the prior written consent of the parties hereto.

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

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IN
WITNESS WHEREOF, the parties hereto have executed this
Securities Purchase Agreement on the date first written above.

	
  

  	
   

  	
  INDALEX HOLDINGS FINANCE, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
    /s/ Matthew Garff

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Matthew Garff

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
						

 

Signature Page to Securities Purchase Agreement

 

 

	
   

  	
   

  	
  PURCHASERS:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  H.I.G. SUN PARTNERS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Sami Mnaymnen

  
	
   

  	
   

  	
  Name:

  	
  Sami Mnaymnen

  
	
   

  	
   

  	
  Title:

  	
  Co-President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Glenn Oken

  
	
   

  	
   

  	
  Glenn Oken

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Gary Talarico

  
	
   

  	
   

  	
  Gary Talarico

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Timothy Stubbs

  
	
   

  	
   

  	
  Timothy Stubbs

  

 

Purchasers’ Signature Page to Securities Purchase
Agreement

 

 

Schedule
of Purchasers

	
  Purchasers

  	
   

  	
  No. Shares of

  Voting Common

  Stock

  	
   

  	
  No. Shares of Non-

  Voting Common

  Stock

  	
   

  	
  Purchase Price

  	
   

  
	
  H.I.G. Sun Partners, Inc.

  1001 Brickell Bay Drive

  27th Floor

  Miami, FL 33131

  Attn: Rick Mendez

  Fax: (305) 379-2013

  	
   

  	
   

  	
   

  	
  899

  	
   

  	
  $

  	
  100,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Glenn Oken

  101 East Kennedy Boulevard

  Suite 3925

  Tampa, FL 33602

  Fax: (813) 222-8001

  	
   

  	
   

  	
   

  	
  45

  	
   

  	
  $

  	
  5,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gary Talarico

  c/o Sun Capital Partners, Inc.

  375 Park Avenue, Suite 1302

  New York, NY 10152

  Fax: (212) 588-1584

  	
   

  	
   

  	
   

  	
  1,644

  	
   

  	
  $

  	
  182,917

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Timothy Stubbs

  c/o Indalex, Inc.

  75 Tri-State International,

  Suite 450

  Lincolnshire, IL 60069

  	
   

  	
   

  	
   

  	
  449

  	
   

  	
  $

  	
  50,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  0

  	
   

  	
  3,037

  	
   

  	
  $

  	
  337,917

  	
   

  

 

 

 

Exhibit A

Stockholders’ Agreement

See attached.

 

 

Exhibit B

Amended and Restated Certificate of
Incorporation

See attached.Exhibit 10.7

EXECUTION VERSION

SECURITIES PURCHASE AGREEMENT

THIS SECURITIES
PURCHASE AGREEMENT (this “Agreement”) is made as of May 8, 2006, by and
among Indalex Holdings Finance, Inc., a Delaware corporation (the “Company”),
Indalex Co-Investment, LLC, a Delaware limited liability company (“Purchaser”)
and each Person whose name appears on the signature page hereto under the
heading “Sellers” (collectively, the “Sellers”).

WHEREAS, on the
date hereof, Sun Indalex, LLC (“Sun”) has converted 89,654 shares of
Voting Common Stock into 89,654 shares of Non-Voting Common Stock pursuant to
Article Four, paragraph (c)(iv) of the Amended and Restated Certificate of
Incorporation of the Company;

NOW, THEREFORE, In
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1.             Purchase and Sale of Securities.  Upon execution of this Agreement,
(i) Purchaser will purchase, and each Seller shall sell, shares of
Non-Voting Common Stock, in the amounts set forth on attached Schedule A
under the heading “Securities” (the “Securities”), and in payment
therefor (ii) Purchaser will deliver to each Seller the consideration set
forth opposite each Seller’s name on attached Schedule A under the
heading “Proceeds.”

2.             Representations and Warranties
of Each Seller and the Company.  In
connection with the purchase and sale of the Securities hereunder, the Company
and each Seller, individually and not jointly or severally, represents and
warrants to Purchaser that:

(a)           The execution, delivery and
performance of this Agreement and all other agreements contemplated hereby to
which the Company and/or each Seller are a party to have been duly authorized by
the Company and each Seller to the extent applicable.  This Agreement and all other agreements
contemplated hereby each constitute a valid and binding obligation of the
Company and each Seller, enforceable in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium, or other laws affecting creditors’ rights generally and limitations
on the availability of equitable remedies.

(b)           The execution and delivery by the Company and each Seller
of this Agreement and all other agreements contemplated hereby to which the
Company and each Seller are parties, the sale of the Securities hereunder, and
the fulfillment of and compliance with the respective terms hereof and thereof
by the Company and each Seller, do not and shall not conflict with, violate or
cause a breach of any agreement or instrument to which each Seller, the Company
or any of its subsidiaries are parties, any judgment, order or decree to which
each Seller, the Company or any of its subsidiaries are subject, and if each
Seller, the Company or any of its subsidiaries are entities, any of the terms
or provisions of their certificate of incorporation, certificate of formation,
articles of partnership, bylaws, limited liability company agreement,
partnership agreement or any other organizational document to which each
Seller, the Company or any of its subsidiaries are subject.

 

 

(c)           Such Seller is the record owner of,
and has good and marketable title to, the Securities owned by such Seller, free
and clear of all encumbrances.  Such
Seller shall sell to Purchaser the Securities set forth opposite such Seller’s name on attached Schedule
A, free and clear of all encumbrances.

(d)           THE REPRESENTATIONS AND WARRANTIES BY
EACH SELLER EXPRESSLY SET FORTH IN THIS SECTION 2 CONSTITUTE THE SOLE
AND EXCLUSIVE REPRESENTATIONS AND WARRANTIES MADE TO PURCHASER BY EACH SELLER
IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY, AND PURCHASER
UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT ALL OTHER REPRESENTATIONS AND
WARRANTIES OF ANY KIND OR NATURE BY EACH SELLER, EXPRESS OR IMPLIED, ARE
SPECIFICALLY DISCLAIMED BY EACH SELLER.

3.             Representations and Warranties
of the Company. In connection with the purchase and sale of the
Securities hereunder, the Company represents and warrants to Purchaser and the
Sellers that:

(a)           Indalex Purchaser has not made any
written claim (for a breach of warranty or otherwise) under the 2005 Stock
Purchase Agreement, other than under Section 2.3 of the 2005 Stock Purchase
Agreement.

(b)           The Company is not aware of any fact
or circumstance which is reasonably likely to give rise to a material claim
(for a breach of warranty or otherwise) being made under the 2005 Stock
Purchase Agreement, other than under Section 2.3 of the 2005 Stock Purchase
Agreement or with respect to Windows and Doors Litigation.  For purposes of this Section 3(b), a
material claim is a claim that is reasonably likely to involve, individually,
in excess of $3 million.

(c)           The table of capitalization of the
Company as of April 14, 2006 attached as Schedule B is, as at the date
hereof, true, complete and accurate.

(d)           The Non-Voting Common Stock to be
acquired by Purchaser pursuant to this Agreement shall represent 8.171 percent
of the Common Stock calculated on a fully diluted basis as of the date
hereof.  This percentage assumes the
issuance of options to purchase 100,000 shares of Non-Voting Common Stock, none
of which have been issued as of the date hereof.

(e)           THE REPRESENTATIONS AND WARRANTIES BY
THE COMPANY EXPRESSLY SET FORTH IN SECTIONS 2 AND 3 HEREOF CONSTITUTE
THE SOLE AND EXCLUSIVE REPRESENTATIONS AND WARRANTIES MADE TO PURCHASER BY THE
COMPANY IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY, AND PURCHASER
UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT ALL OTHER REPRESENTATIONS AND
WARRANTIES OF ANY KIND OR NATURE  BY THE
COMPANY, EXPRESS OR IMPLIED, ARE SPECIFICALLY DISCLAIMED BY THE COMPANY.

 2
 

 

 

4.             Acknowledgement and Consent of
Certain Sellers.

Each of H.I.G. Sun
Partners, Inc., Glen Oken and Gary Talarico hereby acknowledges and consents
that Sun is a member of Purchaser and has a significant economic interest in
any profits earned by Purchaser by reason of its investment in the Company.

5.             Representations and Warranties
of Purchaser.  In connection with the
purchase and sale of the Securities hereunder, Purchaser represents and
warrants to the Sellers that:

(a)           Purchaser has, independently and
without reliance upon the Sellers and based on such documents and information
as it has deemed appropriate, made its own investigation into the business,
prospects, operations, property, financial and other condition and
creditworthiness of the Company.

(b)           The execution, delivery and
performance of this Agreement and all other agreements contemplated hereby to
which Purchaser is a party have been duly authorized by Purchaser.  This Agreement and all other agreements
contemplated hereby each constitute a valid and binding obligation of
Purchaser, enforceable in accordance with its terms, except as enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium, or other
laws affecting creditors’ rights generally and limitations on the availability
of equitable remedies.

(c)           The execution and delivery by
Purchaser of this Agreement and all other agreements contemplated hereby to
which Purchaser is a party, the purchase of the Securities hereunder, and the
fulfillment of and compliance with the respective terms hereof and thereof by
Purchaser, do not and shall not conflict with, violate or cause a breach of any agreement or instrument
to which Purchaser is a party,
any judgment, order or decree to which Purchaser is subject, or any of the
terms or provisions of Purchaser’s certificate
of formation, limited liability company agreement or any other organizational
document to which Purchaser is subject.

(d)           Purchaser is an “accredited investor”
(within the meaning of Rule 501(a) promulgated by the Securities and Exchange
Commission).

(e)           Purchaser (i) has received and
carefully read a copy of the Stockholders’ Agreement attached hereto as Exhibit
A and the Registration Agreement attached hereto as Exhibit B; (ii)
has been given the opportunity to consult with independent legal counsel
regarding its rights and obligations under the Stockholders’ Agreement and the
Registration Agreement and has consulted with such independent legal counsel
regarding the foregoing (or, after carefully reviewing the Stockholders’
Agreement and the Registration Agreement, has freely decided not to consult
with independent legal counsel); and (iii) fully understands the terms and
conditions contained in the Stockholders’ Agreement and the Registration
Agreement and agrees that the terms therein will be binding and enforceable
against it.  Purchaser acknowledges
receipt of and understands the terms of the Company’s Amended and Restated
Certificate of Incorporation attached hereto as Exhibit C; and

(f)            Purchaser acknowledges that Indalex
Holding Corp., a subsidiary of the Company (“Indalex”), is a party to a
Management Services Agreement, dated February 2, 2006 (the “MSA”), with
an affiliate of Sun, a copy of which is attached hereto as Exhibit D.  Purchaser further acknowledges that Sun
Capital Securities Offshore Fund, Ltd., an affiliate of Sun, is the

 3
 

 

holder of $15.0 million in aggregate
principal amount of 11 1⁄2% Second-Priority Senior Secured Notes due 2014 issued
by Indalex.

6.             Waiver

In connection with the
transactions contemplated by this Agreement, each of the Company and Sun hereby
waive any applicable provision of Section 2.2 of the Stockholders’ Agreement.

7.             Securities
Law Restrictions on Transfer of the Restricted Securities.

(a)           The Securities are Restricted
Securities transferable only pursuant to (i) public offerings registered under
the Securities Act or (ii) Rule 144 or Rule 144A of the Securities and Exchange
Commission (or any similar rule or rules then in force) if such rule is
available.

(b)           Each certificate or instrument
representing the Securities shall be imprinted with a legend in substantially
the following form:

“THE SECURITIES
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS OF THE STOCKHOLDERS’ AGREEMENT
DATED AS OF FEBRUARY 2, 2006 AMONG THE ISSUER HEREOF AND CERTAIN OTHER PERSONS,
A TRUE AND CORRECT COPY OF WHICH IS ON FILE AT THE ISSUER’S CHIEF EXECUTIVE
OFFICE.  UPON WRITTEN REQUEST TO THE
ISSUER, A COPY THEREOF WILL BE MAILED OR OTHERWISE PROVIDED WITHOUT CHARGE
WITHIN TEN (10) DAYS OF RECEIPT OF SUCH REQUEST TO APPROPRIATELY INTERESTED
PERSONS.

THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE
SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT
TO AN APPLICABLE EXEMPTION TO THE REGISTRATION REQUIREMENTS OF SUCH ACT AND
SUCH LAWS.”

(c)           Notwithstanding anything to the
contrary contained herein, the Securities are also subject to the restrictions
on transfer set forth in the Stockholders’ Agreement and the Registration
Agreement, and nothing herein shall be interpreted to limit the restrictions on
transfer set forth therein.

 4
 

 

 

8.             Definitions.

“2005 Stock Purchase
Agreement” means the Stock Purchase Agreement dated as of September 16,
2005 by and among, inter alia, Indalex Holding Corp. and Honeywell
International Inc.

“Common Stock” has
the meaning set forth in the Stockholders’ Agreement.

“Indalex Purchaser”
means Indalex Holding Corp.

“Non-Voting Common
Stock” has the meaning set forth in the Stockholders’ Agreement.

“Registration
Agreement” means the Registration Agreement, dated as of February 2, 2006,
by and among the Company, Sun and certain other stockholders of the Company.

“Restricted Securities”
means the Securities. As to any particular Restricted Securities, such
securities shall cease to be Restricted Securities when they have (a) been
effectively registered under the Securities Act and disposed of in accordance
with the registration statement covering them, (b) been distributed to the
public through a broker, dealer or market maker pursuant to Rule 144 (or any
similar provision then in force) under the Securities Act or become eligible
for sale pursuant to Rule 144(k) (or any similar provision then in force) under
the Securities Act or (c) been otherwise transferred and new certificates for
them not bearing the Securities Act legend set forth in Section 5(b)
have been delivered by the Company in accordance with Section 5.

“Securities Act”
means the Securities Act of 1933, as amended from time to time, and all rules
and regulations promulgated thereunder.

“Stockholders’
Agreement” means the Stockholders’ Agreement, dated as of February 2, 2006,
by and among the Company, Sun, and the Minority Stockholders (as defined
therein).

“Voting Common
Stock” has the meaning set forth in the Stockholders’ Agreement.

“Windows and
Doors Litigation” means claims arising under the Purchase Agreement by and
among Nortek, Inc., Caradon Limited and Caradon America Inc., dated April 6,
1999, and the Purchase Agreement by and among MI Home Products, Inc., MI
Metals, Inc., Caradon Doors and Windows, Inc. and Caradon, Inc., dated February
26, 1999.

9.             General
Provisions.

(a)           Survival of Representations.  All representations and warranties contained
herein or made in writing by any party in connection herewith shall survive the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby, regardless of any investigation made by a
party or on its behalf.

(b)           Notices. Any notice provided
for in this Agreement must be in writing and must be either personally
delivered, mailed by first class mail (postage prepaid and return receipt
requested) or sent by reputable overnight courier service (charges prepaid) to
the recipient at:

 5
 

 

 

If to
Purchaser, to it at:

Goldman Sachs Distressed Opportunities Fund III, L.P.,

32 Old Slip, New York,
New York, 10005

Attention:

Telecopy No.:

with a copy to:

Fried, Frank, Harris,
Shriver & Jacobson LLP,

One New York Plaza, New
York, NY 10004

Attention: David Sheldon
and Jack Jacobson

Telecopy No.:  (212) 859-8587

If
to the Sellers, to the recipient at the address indicated for such person in
the Stockholders’ Agreement.

with a copy to:

Kirkland &
Ellis LLP

200 East Randolph Drive

Chicago, IL 60601

Attention: Douglas C.
Gessner, P.C.

Telecopy
No.:  (312) 861-2200

(c)           Transfers in Violation of
Agreement. Any transfer or attempted transfer of any Securities in
violation of any provision of this Agreement shall be void, and the Company
shall not record such transfer on its books or treat any purported transferee
of such Securities as the owner of such Securities for any purpose.

(d)           Complete Agreement. This
Agreement, those documents expressly referred to herein and other documents of
even date herewith embody the complete agreement and understanding among the
parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have
related to the subject matter hereof in any way.

(e)           Severability. Whenever
possible, each provision of this Agreement will be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be invalid, illegal or unenforceable in any respect under
any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or any other jurisdiction,
but this Agreement will be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never
been contained herein.

(f)            Counterparts. This Agreement
may be executed in separate counterparts, each of which is deemed to be an
original and all of which taken together constitute one and the

 6
 

 

same agreement.  Any counterpart may be executed by facsimile
signature and such facsimile signature shall be deemed an original.

(g)           Successors and Assigns. Except
as otherwise provided herein, this Agreement shall bind and inure to the
benefit of and be enforceable by Purchaser, the Sellers and their respective
successors and assigns (including subsequent holders of the Securities).

(h)           Choice of Law; Waiver of Jury
Trial. This Agreement will be governed by and construed in accordance with
the internal laws of the State of Delaware, without
giving effect to any choice of law or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Delaware.  EACH OF THE
PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT,
ACTION OR OTHER PROCEEDING INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF
ITS OBLIGATIONS HEREUNDER OR THE TRANSACTIONS CONTEMPLATED HEREBY.

(i)            Remedies.  Each of the parties to this Agreement will be
entitled to enforce its rights under this Agreement specifically, to recover
damages and costs (including attorneys’ fees) caused by any breach of any
provision of this Agreement and to exercise all other rights existing in its
favor.  The parties hereto agree and
acknowledge that money damages may not be an adequate remedy for any breach of
the provisions of this Agreement and that any party in its sole discretion may
apply to any court of competent jurisdiction (without posting any bond or
deposit) for specific performance and/or other injunctive relief in order to
enforce or prevent any violations of the provisions of this Agreement.

(j)            Amendment and Waiver.  The provisions of this Agreement may be
amended and waived only with the prior written consent of each of the Sun and
Purchaser.

*     *     *    
*     *

 7

 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Securities Purchase
Agreement as of the date first written above.

	
  

  	
  INDALEX CO-INVESTMENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Jennifer Barbetta

  
	
   

  	
  Name:  Jennifer Barbetta

  
	
   

  	
  Title:    Authorized Signatory

  

 

	
   

  	
  SELLERS:

  
	
   

  	
   

  
	
   

  	
  SUN INDALEX, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Michael McConvery

  
	
   

  	
  Name:  Michael McConvery

  
	
   

  	
  Title:    Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  H.I.G. SUN PARTNERS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Anthony James

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Glenn Oken

  
	
   

  	
  Glenn Oken

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Gary Talarico

  
	
   

  	
  Gary Talarico

  

 

	
   

  	
  COMPANY:

  
	
   

  
	
   

  	
  INDALEX HOLDINGS FINANCE, INC.

  
	
   

  
	
   

  
	
   

  	
  /s/ Michael McConvery

  
	
   

  	
  Name:  Michael McConvery

  
	
   

  	
  Title:    Vice President

  

 

 

 

SCHEDULE A

	
  Seller

  	
   

  	
  Securities

  	
   

  	
  Proceeds

  	
   

  
	
  Sun
  Indalex, LLC

  	
   

  	
  89,654 shares of
  Non-Voting Common Stock

  	
   

  	
  $

  	
  9,974,026.13

  	
   

  
	
  H.I.G.
  Sun Partners, Inc.

  	
   

  	
  81 shares of Non-Voting
  Common Stock

  	
   

  	
  $

  	
  9,021.32

  	
   

  
	
  Glenn
  Oken

  	
   

  	
  4 shares of Non-Voting
  Common Stock

  	
   

  	
  $

  	
  451.07

  	
   

  
	
  Gary
  Talarico

  	
   

  	
  148 shares of
  Non-Voting Common Stock

  	
   

  	
  $

  	
  16,501.49

  	
   

  
	
  Total

  	
   

  	
  89,887 shares of Non-Voting Common Stock

  	
   

  	
  $

  	
  10,000,000.00

  	
   

  

 

 

 

SCHEDULE B

Capitalization of Indalex Holdings
Finance, Inc. — As of April 14, 2006 Following Closing of Management Equity
Offering

 

	
  Name

  	
   

  	
  No. Shares

  Voting

  Common

  Stock

  	
   

  	
  No. Shares

  Non-Voting

  Common

  Stock

  	
   

  	
  Total No.

  Shares

  Common Stock

  (outstanding)

  	
   

  	
  Percent

  Common Stock

  (outstanding)

  (%)

  	
   

  	
  No. Shares

  Common

  Stock (fully

  diluted)

  	
   

  	
  Percent Common Stock

  (fully diluted) (%)

  	
   

  
	
  Sun Indalex, LLC

  	
   

  	
  993,804

  	
   

  	
  —

  	
   

  	
  993,804

  	
   

  	
  99.369

  	
  %

  	
  993,804

  	
   

  	
  90.336

  	
  %

  
	
  H.I.G. Sun Partners,
  Inc.

  	
   

  	
  —

  	
   

  	
  899

  	
   

  	
  899

  	
   

  	
  0.090

  	
  %

  	
  899

  	
   

  	
  0.082

  	
  %

  
	
  Glenn Oken

  	
   

  	
  —

  	
   

  	
  45

  	
   

  	
  45

  	
   

  	
  0.004

  	
  %

  	
  45

  	
   

  	
  0.004

  	
  %

  
	
  Gary Talarico

  	
   

  	
  —

  	
   

  	
  1,644

  	
   

  	
  1,644

  	
   

  	
  0.164

  	
  %

  	
  1,644

  	
   

  	
  0.149

  	
  %

  
	
  Timothy Stubbs

  	
   

  	
  —

  	
   

  	
  898

  	
   

  	
  898

  	
   

  	
  0.090

  	
  %

  	
  898

  	
   

  	
  0.082

  	
  %

  
	
  Mike Alger

  	
   

  	
  —

  	
   

  	
  674

  	
   

  	
  674

  	
   

  	
  0.067

  	
  %

  	
  674

  	
   

  	
  0.061

  	
  %

  
	
  Jerry Nies

  	
   

  	
  —

  	
   

  	
  180

  	
   

  	
  180

  	
   

  	
  0.018

  	
  %

  	
  180

  	
   

  	
  0.016

  	
  %

  
	
  Bill Corley

  	
   

  	
  —

  	
   

  	
  108

  	
   

  	
  108

  	
   

  	
  0.011

  	
  %

  	
  108

  	
   

  	
  0.010

  	
  %

  
	
  Bill Wainio

  	
   

  	
  —

  	
   

  	
  108

  	
   

  	
  108

  	
   

  	
  0.011

  	
  %

  	
  108

  	
   

  	
  0.010

  	
  %

  
	
  Dale Prows

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Jim Piperato

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Ron Nelson

  	
   

  	
  —

  	
   

  	
  404

  	
   

  	
  404

  	
   

  	
  0.040

  	
  %

  	
  404

  	
   

  	
  0.037

  	
  %

  
	
  Mike Faust

  	
   

  	
  —

  	
   

  	
  135

  	
   

  	
  135

  	
   

  	
  0.013

  	
  %

  	
  135

  	
   

  	
  0.012

  	
  %

  
	
  Karen MacMillan

  	
   

  	
  —

  	
   

  	
  135

  	
   

  	
  135

  	
   

  	
  0.013

  	
  %

  	
  135

  	
   

  	
  0.012

  	
  %

  
	
  Keith Burlingame

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Joe Valvo

  	
   

  	
  —

  	
   

  	
  180

  	
   

  	
  180

  	
   

  	
  0.018

  	
  %

  	
  180

  	
   

  	
  0.016

  	
  %

  
	
  Terry Wagner

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Pat Wooley

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Bill Peterson

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Chris Hammond

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Scott Williams

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Arthur Osborn

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
  Jerrod Hoeft

  	
   

  	
  —

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  0.009

  	
  %

  	
  90

  	
   

  	
  0.008

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Employee Stock Option
  Pool

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  0.000

  	
  %

  	
  100,000

  	
   

  	
  9.090

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  993,804

  	
   

  	
  6,310

  	
   

  	
  1,000,114

  	
   

  	
  100.00

  	
  %

  	
  1,100,114

  	
   

  	
  100.00

  	
  %

  

 

NOTES:

1. Employee Stock
Options are options to acquire shares of Non-Voting Common Stock

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