Document:

EX-10.3

   Exhibit 10.3 

*CERTAIN INFORMATION IDENTIFIED WITH A MARK 
 OF [**]
HAS BEEN EXCLUDED FROM THIS EXHIBIT 
 BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD 

BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED 

SUPPLEMENTAL CONFIRMATION 
  

			
	To:	  	 Fifth Third Bancorp
 38 Fountain Square
Plaza
 Cincinnati, Ohio 45263

		
	From:	  	 Citibank, N.A.
 Strategic Equity
Solutions
 388 Greenwich Street, 8th Floor
 New York, NY
10013

		
	Subject:	  	Accelerated Stock Buyback, Tranche #1
		
	Date:	  	August 7, 2019

 The purpose of this Supplemental Confirmation is to confirm the terms and
conditions of the Transaction entered into between Citibank, N.A. (“Bank”) and Fifth Third Bancorp (“Counterparty”) (together, the “Contracting Parties”) on the Trade Date specified below. This
Supplemental Confirmation is a binding contract between Bank and Counterparty as of the relevant Trade Date for the Transaction referenced below. 
 1.
    This Supplemental Confirmation supplements, forms part of, and is subject to the Master Confirmation dated as of August 7, 2019 (the “Master Confirmation”) between the Contracting Parties, as amended and
supplemented from time to time. All provisions contained in the Master Confirmation govern this Supplemental Confirmation except as expressly modified below. 

2.     The terms of the Transaction to which this Supplemental Confirmation relates are as follows: 

 

					
		 	Trade Date:	  	August 7, 2019
			
		 	Forward Price Adjustment Amount:	  	[**]*
			
		 	Calculation Period Start Date:	  	August 8, 2019
			
		 	Scheduled Termination Date:	  	September 26, 2019
			
		 	First Acceleration Date:	  	[**]*
			
		 	Prepayment Amount:	  	$100,000,000
			
		 	Prepayment Date:	  	August 9, 2019
			
		 	Initial Shares:	  	3,202,713 Shares; provided that if, in connection with the Transaction, Bank is unable to borrow or otherwise acquire a number of Shares equal to the Initial Shares for delivery to Counterparty on the Initial Share
Delivery Date, the Initial Shares delivered on the Initial Share Delivery Date shall be reduced to such number of Shares that Bank is able to so borrow or otherwise acquire, and Bank shall use reasonable good faith efforts to borrow or otherwise
acquire a number of Shares equal to the shortfall in the Initial Share Delivery and to deliver such additional Shares as soon as reasonably practicable. The aggregate of all Shares delivered to Counterparty in respect of the Transaction pursuant to
this paragraph shall be the “Initial Shares” for purposes of “Number of Shares to be Delivered” in the Master Confirmation.
			
		 	Initial Share Delivery Date:	  	August 9, 2019
			
		 	Ordinary Dividend Amount:	  	[**]*

  
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		 	Scheduled Ex-Dividend Dates:	  	September 27, 2019
			
		 	Termination Price:	  	[**]*
			
		 	Additional Relevant Days:	  	The 5 Exchange Business Days immediately following the Calculation Period.
			
		 	Reserved Shares:	  	7,535,795 Shares.

 Calculation Dates: 
  

											
	1.	  	August 8, 2019	  	2.	  	August 12, 2019	  	3.	  	August 14, 2019
						
	4.	  	August 16, 2019	  	5.	  	August 20, 2019	  	6.	  	August 22, 2019
						
	7.	  	August 26, 2019	  	8.	  	August 27, 2019	  	9.	  	August 28, 2019
						
	10.	  	August 29, 2019	  	11.	  	August 30, 2019	  	12.	  	September 3, 2019
						
	13.	  	September 4, 2019	  	14.	  	September 5, 2019	  	15.	  	September 6, 2019
						
	16.	  	September 9, 2019	  	17.	  	September 10, 2019	  	18.	  	September 11, 2019
						
	19.	  	September 12, 2019	  	20.	  	September 13, 2019	  	21.	  	September 16, 2019
						
	22.	  	September 17, 2019	  	23.	  	September 18, 2019	  	24.	  	September 19, 2019
						
	25.	  	September 20, 2019	  	26.	  	September 23, 2019	  	27.	  	September 24, 2019
						
	28.	  	September 25, 2019	  	29.	  	September 26, 2019	  		  	

 Following the First Acceleration Date, each Exchange Business Day thereafter shall be a Calculation Date. 

3.     Counterparty represents and warrants to Bank that neither it nor any “affiliated purchaser” (as defined in Rule 10b-18 under the Exchange Act) has made any purchases of blocks pursuant to the proviso in Rule 10b-18(b)(4) under the Exchange Act during either (i) the four full
calendar weeks immediately preceding the Trade Date or (ii) during the calendar week in which the Trade Date occurs. 
 4.     This
Supplemental Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Supplemental Confirmation by signing and delivering one or more counterparts.

 [Remainder of Page Intentionally Blank] 
  

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 Counterparty hereby agrees (a) to check this Supplemental Confirmation
carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing (in the exact form provided by Bank) correctly sets forth the terms of the agreement between
Bank and Counterparty with respect to any particular Transaction to which this Supplemental Confirmation relates, by manually signing this Supplemental Confirmation or this page hereof as evidence of agreement to such terms and providing the other
information requested herein and immediately returning an executed copy to Bank. 
  

			
	Yours faithfully,
	
	CITIBANK, N.A.
		
	By:	 	 /s/ JAMES HEATHCOTE

	Name:	 	James Heathcote
	Title:	 	Authorized Signatory

  

			
	         Agreed and Accepted By:
	
	         FIFTH THIRD BANCORP
		
	         By:	 	 /s/ JAMES C. LEONARD

	         Name:	 	James C. Leonard
	         Title:	 	Treasurer

 
  

 
*CERTAIN INFORMATION IDENTIFIED WITH A MARK 
 OF [**]
HAS BEEN EXCLUDED FROM THIS EXHIBIT 
 BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD 

BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED 

SUPPLEMENTAL CONFIRMATION 
  

			
	To:	  	 Fifth Third Bancorp
 38 Fountain Square
Plaza
 Cincinnati, Ohio 45263

		
	From:	  	 Citibank, N.A.
 Strategic Equity
Solutions
 388 Greenwich Street, 8th Floor
 New York, NY
10013

		
	Subject:	  	Accelerated Stock Buyback, Tranche #2
		
	Date:	  	August 7, 2019

 The purpose of this Supplemental Confirmation is to confirm the terms and
conditions of the Transaction entered into between Citibank, N.A. (“Bank”) and Fifth Third Bancorp (“Counterparty”) (together, the “Contracting Parties”) on the Trade Date specified below. This
Supplemental Confirmation is a binding contract between Bank and Counterparty as of the relevant Trade Date for the Transaction referenced below. 
 1.
    This Supplemental Confirmation supplements, forms part of, and is subject to the Master Confirmation dated as of August 7, 2019 (the “Master Confirmation”) between the Contracting Parties, as amended and
supplemented from time to time. All provisions contained in the Master Confirmation govern this Supplemental Confirmation except as expressly modified below. 

2.     The terms of the Transaction to which this Supplemental Confirmation relates are as follows: 

 

					
		 	Trade Date:	  	August 7, 2019
			
		 	Forward Price Adjustment Amount:	  	[**]*
			
		 	Calculation Period Start Date:	  	August 9, 2019
			
		 	Scheduled Termination Date:	  	September 26, 2019
			
		 	First Acceleration Date:	  	[**]*
			
		 	Prepayment Amount:	  	$100,000,000
			
		 	Prepayment Date:	  	August 9, 2019
			
		 	Initial Shares:	  	3,202,713 Shares; provided that if, in connection with the Transaction, Bank is unable to borrow or otherwise acquire a number of Shares equal to the Initial Shares for delivery to Counterparty on the Initial Share
Delivery Date, the Initial Shares delivered on the Initial Share Delivery Date shall be reduced to such number of Shares that Bank is able to so borrow or otherwise acquire, and Bank shall use reasonable good faith efforts to borrow or otherwise
acquire a number of Shares equal to the shortfall in the Initial Share Delivery and to deliver such additional Shares as soon as reasonably practicable. The aggregate of all Shares delivered to Counterparty in respect of the Transaction pursuant to
this paragraph shall be the “Initial Shares” for purposes of “Number of Shares to be Delivered” in the Master Confirmation.
			
		 	Initial Share Delivery Date:	  	August 9, 2019
			
		 	Ordinary Dividend Amount:	  	[**]*

  
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		 	Scheduled Ex-Dividend Dates:	  	September 27, 2019
			
		 	Termination Price:	  	[**]*
			
		 	Additional Relevant Days:	  	The 5 Exchange Business Days immediately following the Calculation Period.
			
		 	Reserved Shares:	  	7,535,795 Shares.

 Calculation Dates: 
  

											
	1.	  	August 9, 2019	  	2.	  	August 13, 2019	  	3.	  	August 15, 2019
						
	4.	  	August 19, 2019	  	5.	  	August 21, 2019	  	6.	  	August 23, 2019
						
	7.	  	August 26, 2019	  	8.	  	August 27, 2019	  	9.	  	August 28, 2019
						
	10.	  	August 29, 2019	  	11.	  	August 30, 2019	  	12.	  	September 3, 2019
						
	13.	  	September 4, 2019	  	14.	  	September 5, 2019	  	15.	  	September 6, 2019
						
	16.	  	September 9, 2019	  	17.	  	September 10, 2019	  	18.	  	September 11, 2019
						
	19.	  	September 12, 2019	  	20.	  	September 13, 2019	  	21.	  	September 16, 2019
						
	22.	  	September 17, 2019	  	23.	  	September 18, 2019	  	24.	  	September 19, 2019
						
	25.	  	September 20, 2019	  	26.	  	September 23, 2019	  	27.	  	September 24, 2019
						
	28.	  	September 25, 2019	  	29.	  	September 26, 2019	  		  	

 Following the First Acceleration Date, each Exchange Business Day thereafter shall be a Calculation Date. 

3.     Counterparty represents and warrants to Bank that neither it nor any “affiliated purchaser” (as defined in Rule 10b-18 under the Exchange Act) has made any purchases of blocks pursuant to the proviso in Rule 10b-18(b)(4) under the Exchange Act during either (i) the four full
calendar weeks immediately preceding the Trade Date or (ii) during the calendar week in which the Trade Date occurs. 
 4.     This
Supplemental Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Supplemental Confirmation by signing and delivering one or more counterparts.

 [Remainder of Page Intentionally Blank] 
  

A - 2 
 
  

 Counterparty hereby agrees (a) to check this Supplemental Confirmation
carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing (in the exact form provided by Bank) correctly sets forth the terms of the agreement between
Bank and Counterparty with respect to any particular Transaction to which this Supplemental Confirmation relates, by manually signing this Supplemental Confirmation or this page hereof as evidence of agreement to such terms and providing the other
information requested herein and immediately returning an executed copy to Bank. 
  

			
	Yours faithfully,
	
	CITIBANK, N.A.
		
	By:	 	 /s/ JAMES HEATHCOTE

	Name:	 	James Heathcote
	Title:	 	Authorized Signatory

  

			
	         Agreed and Accepted By:
	
	         FIFTH THIRD BANCORP
		
	         By:	 	 /s/ JAMES C. LEONARD

	         Name:	 	James C. Leonard
	         Title:	 	TreasurerExhibit 10.1

 

STANDSTILL AGREEMENT

 

THIS STANDSTILL AGREEMENT (this “Agreement”), dated as of September 15, 2019 (the “Closing Date”), is entered into by and among each of the undersigned investors named on the signature page hereof (each individually, an “Investor” and collectively the “Investors” or “Investor Group”) and Winnebago Industries, Inc., an Iowa corporation (“Parent”).   Capitalized terms used but not defined in this Agreement shall have the respective meanings set forth in the Purchase Agreement (as defined below).

 

WHEREAS, unless otherwise provided herein, references herein to the Investor Group shall mean the members of such group jointly and severally;

 

WHEREAS, this Agreement is made by the undersigned pursuant to that certain Stock Purchase Agreement dated September 15, 2019, by and among Octavius Corporation, a Delaware Corporation, Parent, Newmar Corporation, an Indiana corporation, Dutch Real Estate Corp., an Indiana corporation, New-Way Transport Corp., an Indiana corporation, New-Serv, Inc., an Indiana corporation, the “Sellers” identified therein, and Matthew Miller solely in his capacity as Sellers Agent thereunder (the “Purchase Agreement”);

 

WHEREAS, pursuant to, and in accordance with, the Purchase Agreement, each Investor will receive a portion of the Closing Stock Consideration on the Closing Date; and

 

WHEREAS, as a condition to the willingness of Parent to enter into the transactions described above, and as an inducement and in consideration thereof, Parent has required that the Investors each agree, and the Investors have agreed, to enter into this Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.                                      Certain Definitions.

 

(a)                                 The terms “Affiliate” and “Associate” have the respective meanings set forth in Rule 12b-2 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”), and shall include all persons that at any time during the term of this Agreement become Affiliates or Associates of any person referred to in this Agreement.

 

(b)                                 The terms “beneficial owner” and “beneficial ownership” shall have the respective meanings as set forth in Rule 13d-3 promulgated under the Exchange Act.

 

(c)                                  The “Standstill Period” means as to each Investor the period, from the Closing Date until the earlier of (i ) the first anniversary of the Closing Date; and (ii) such date, if any, as the Investor Group, their Affiliates and any Group of which any of them are a member, taken collectively, cease to beneficially own at least five percent (5%) of the issued and outstanding Parent Stock.

 

(d)                                 The term “Group” shall have the meaning set forth in Section 13(d)(3) of the Exchange Act.

 

 

(e)                                  “Parent Stock” means the common stock, $0.50 par value per share of Parent.

 

(f)                                   The terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature, including a Group.

 

(g)                                  “SEC” means the U.S. Securities and Exchange Commission.

 

(h)                                 The terms “solicitation,” “proxy,” and “participant” shall have the respective meanings ascribed to them under Rule 14a-1 promulgated under the Exchange Act or otherwise under Schedule 14A under the Exchange Act.

 

2.                                      Investors Standstill.  Each of the members of the Investor Group agrees that, except as expressly provided by this Agreement, during the Standstill Period, he will not, and he will cause each of such person’s Affiliates, Associates or agents or other persons acting on his behalf not to:

 

(a)                                 (i) nominate any person for election at any meeting of shareholders of Parent or make a request of any director of Parent for such director’s resignation or make a request of Parent to seek the resignation of any of its directors, (ii) submit any proposal for consideration at, or bring any other business before any meeting of shareholders of Parent, directly or indirectly, or (iii) initiate, encourage or participate in any “withhold” or similar campaign with respect to any meeting of shareholders, directly or indirectly;

 

(b)                                 form, join in or in any other way participate in a Group with respect to the Parent Stock (other than as members of the Investor Group or a Group consisting solely of members of the Investor Group, their Affiliates or Associates or any Group that may be deemed to exist or arise solely by virtue of this Agreement) or deposit any shares of Parent Stock in a voting trust or similar arrangement or subject any shares of Parent Stock to any voting agreement or pooling arrangement with any person other than any of the Investors;

 

(c)                                  solicit proxies or written consents of shareholders, or otherwise conduct any nonbinding referendum with respect to any shares of Parent Stock, or make, or in any way participate in, any solicitation of any proxy to vote, or advise, encourage or influence any person with respect to voting, any shares of Parent Stock with respect to any matter, or become a participant in any solicitation, including any contested solicitation for the election of directors of Parent;

 

(d)                                 seek to call, or to request the call of, a special meeting of the shareholders of Parent, or seek to make, or make, a shareholder proposal at any meeting of the shareholders of Parent or make a request for a list of Parent’s shareholders (or otherwise induce or encourage any other person to initiate such proposal or request) or otherwise acting alone, or in concert with others, seek to control or influence or change the management, Board of Directors, governance or policies of Parent;

 

(e)                                  effect or seek to effect (including, without limitation, by entering into any discussions, negotiations, agreements or understandings with any person), offer or propose (whether publicly or otherwise) to effect, or cause or participate in, or in any way instigate, support, encourage, assist or facilitate any other person to effect or seek, offer or propose

 

2

 

(whether publicly or otherwise) to effect or participate in (i) any acquisition of any material assets or businesses of Parent or any of its subsidiaries, (ii) any tender offer or exchange offer, merger, acquisition or other business combination involving Parent or any of its subsidiaries, or (iii) any recapitalization, change in capital structure, dividend or distribution, sale or transfer of assets or securities, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the capital structure of Parent or any of its subsidiaries; provided that this Section 2(e) shall not prohibit any member of the Investor Group from voting his Parent Stock at any meeting of the shareholders of Parent or from participating as a shareholder of Parent, on the same basis as other shareholders, in a transaction described in clauses (i), (ii) or (iii) approved by or recommended by the Board of Directors of Parent;

 

(f)                                   publicly disclose, or cause or facilitate the public disclosure (including without limitation the filing of any document or report with the SEC or any other governmental agency or any disclosure to any journalist, member of the media or securities analyst) of any intent, purpose, plan or proposal to obtain any waiver, or consent under, or any amendment of, any of the provisions of this Section 2, or otherwise seek in any manner that would require public disclosure by Parent or any of its Affiliates to obtain any waiver, consent under, or any amendment of, any provision of this Agreement;

 

(g)                                  advise, encourage, support or influence any person (except other members of the Investor Group) with respect to any of the foregoing;

 

(h)                                 enter into any arrangements, understandings or agreements (whether written or oral) with, or advise, finance, assist or encourage, any other person for the purpose of engaging, or offering or proposing to engage, in any of the foregoing; or

 

(i)                                     take or cause or induce any other person to take any action inconsistent with any of the foregoing.

 

The provisions of this Section 2 will be of no further force and effect in the event that (I) any person or Group shall have acquired more than 50% of the outstanding voting equity securities of Parent or all or substantially all of the assets of Parent or (II) if Parent is subject to a voluntary proceeding or, if not dismissed within 30 days of filing, involuntary proceeding for bankruptcy, insolvency, reorganization or liquidation and dissolution.

 

3.                                      Representations and Warranties of Investor Group. Each member of the Investor Group, individually with respect to itself-only, and not jointly and severally, hereby represents and warrants as follows:

 

(a)                                 The Parent Stock beneficially owned by such member consists solely of the Closing Stock Consideration issued to the such member at the Closing and assuming the accuracy of the representations and warranties, and compliance with the agreements, or Parent pursuant to the Purchase Agreement such Parent Stock is free and clear of all liens, pledges, security interests, charges, claims, encumbrances, agreements, options, voting trusts, proxies and other arrangements or restrictions of any kind, other than those imposed by this Agreement or the Lock-Up Letter (“Encumbrances”). Such party has sole voting and dispositive power over all of the Parent Stock beneficially owned by him, and sole power and authority to agree to all of the

 

3

 

matters set forth in this Agreement, with no limitations, qualification or restrictions on such rights, subject to applicable federal securities laws and the terms of this Agreement.

 

(b)                                 Other than the Closing Stock Consideration issued to such Investor at the Closing, such member does not have, and does not have any right to acquire, any interest in any Parent Stock or other securities of Parent or any rights, options or other securities convertible into or exercisable or exchangeable (whether or not convertible, exercisable or exchangeable immediately or only after the passage of time or the occurrence of a specified event) for such securities or any obligations measured by the price or value of any securities of Parent, including any swaps or other derivative arrangements designed to produce economic benefits and risks that correspond to the ownership of Parent Stock, whether or not any of the foregoing would give rise to beneficial ownership and whether or not to be settled by delivery of Parent Stock, payment of cash or by other consideration, and without regard to any short position under any such contract or arrangement.

 

4.                                      Communications and Filings.  Each member of the Investor Group shall promptly file (and may choose to file collectively) a Schedule 13D reporting ownership of the Parent Stock and the entry into this Agreement, responding to applicable items to conform to their obligations hereunder, and appending or incorporating by reference this Agreement as an exhibit thereto.  Investor shall provide to Parent a reasonable opportunity to review such Schedule 13D in advance of filing, and shall consider in good faith any reasonable comments of Parent.  Notwithstanding the foregoing, nothing in this Agreement shall require any member of the Investor Group to report beneficial ownership of Parent Stock beneficially owned by any other member of the Investor Group.  Each member of the Investor Group does not, by entering into this Agreement, admit that such member is a member of any Group with respect to Parent Stock.

 

5.                                      Not Applicable to Bona Fide Management Activities.  Notwithstanding any other provision of this Agreement, nothing in this Agreement restricts in any way any action or omission taken in good faith by an individual Investor solely in his capacity as a director or executive officer of Parent or any of its subsidiaries and not as a shareholder of Parent.

 

6.                                      Incorporation of Purchase Agreement Provisions.  The provisions of Section 8.3(a) (Specific Performance), Section 9.1 (Notices), Section 9.3 (Interpretation; Construction), Section 9.5 (Governing Law), Section 9.6 (Jurisdiction, Venue and Waiver of Jury Trial), Section 9.9 (Severability; Blue-Pencil) and Section 9.10 (Counterparts) of the Purchase Agreement shall apply to this Agreement as if fully set forth herein, mutatis mutandis.

 

7.                                      Successor and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal successors, executors, legal representatives, and permitted assigns.  No party may assign any of its rights or obligations hereunder without the prior written consent of the other parties hereto.  Notwithstanding anything contained in this Agreement to the contrary, nothing in this Agreement, expressed or implied, is intended to confer on any person (other than, in the case of Parent, their respective successors and assigns and, in the case of the Investor Group, the members of the Investor Group and their respective successors, assigns, heirs, executors and administrators) any rights, remedies, obligations or liabilities under or by reason of this Agreement.

 

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8.                                      Amendment and Modification; Waiver.  This Agreement may only be amended, modified or supplemented by an agreement in writing signed by the parties hereto.  No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving.  Parent alone may waive any restriction set forth in Section 2 of this Agreement with respect to any member of the Investor Group without the consent of other members of the Investor Group and such waiver need not apply to other members of the Investor Group.  Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof.; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

9.                                      Entire Agreement.  This Agreement constitutes the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.

 

10.                               Effectiveness of this Agreement.  Notwithstanding the earlier execution and delivery of this Agreement, the effectiveness of this Agreement is conditioned on the Closing of the transactions contemplated by the Purchase Agreement.  If the Closing shall occur, this Agreement shall become effective concurrently with the Closing on the Closing Date.  If the Purchase Agreement is terminated for any reason in accordance therewith, this Agreement shall be null and void ab initio.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	
 
    	
PARENT   COMPANY:
    
	
 
    	
 
    
	
 
    	
Winnebago   Industries, Inc.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael J. Happe
    
	
 
    	
Name:
    	
Michael J. Happe
    
	
 
    	
Its:
    	
President and CEO
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Joseph Shoemaker
    
	
 
    	
Joseph Shoemaker
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Joyce Helmuth
    
	
 
    	
Joyce Helmuth
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Keith Weirich
    
	
 
    	
Keith Weirich
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Kevin Bogan
    
	
 
    	
Kevin Bogan
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Kirk Bates
    
	
 
    	
Kirk Bates
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Lauranna Miller
    
	
 
    	
Lauranna Miller
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Linda Mast
    
	
 
    	
Linda Mast
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Lucretia   Hochstetler
    
	
 
    	
Lucretia Hochstetler
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Mahlon Miller
    
	
 
    	
Mahlon Miller
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Marcus Miller
    
	
 
    	
Marcus Miller
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Matthew McQuown
    
	
 
    	
Matthew McQuown
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Matthew Miller
    
	
 
    	
Matthew Miller
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/   Matthew Utley
    
	
 
    	
Matthew Utley
    

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Ronald Stichter
    
	
 
    	
Ronald Stichter
    

 

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[Signature Page to Standstill Agreement]

 

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ Gary Shuder
    
	
 
    	
Gary   Shuder
    

 

[signatures continue on following page]

 

[Signature Page to Standstill Agreement]

 

 

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

 

	
 
    	
INVESTOR GROUP:
    
	
 
    	
 
    
	
 
    	
/s/ John Sammut
    
	
 
    	
John Sammut
    

 

[signatures continue on following page]

 

[Signature Page to Standstill Agreement]

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