Document:

ex101to8k07601_01082010.htm

    Exhibit 10.1

     

    
      

      TWENTIETH AMENDMENT TO LOAN
AND SECURITY AGREEMENT

      

      

      This
TWENTIETH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as
of this 8th day
of January, 2010 by and among BANK OF AMERICA, N.A., as successor by merger to
LaSalle Business Credit, LLC, as administrative agent and collateral agent (in
such agent capacities, “Agent”) for itself and all
other lenders from time to time a party hereto (“Lenders”), located at
135 South LaSalle Street, Chicago, Illinois 60603-4105, PROTECTIVE APPAREL
CORPORATION OF AMERICA, a New York corporation (“PACA”), POINT BLANK BODY ARMOR
INC., a Delaware corporation (“Point Blank”) (collectively,
the “Borrowers” and
each, individually, a “Borrower”) and POINT BLANK
SOLUTIONS, INC., a Delaware corporation (the “Parent” and a “Guarantor”).  Unless
otherwise specified herein, capitalized terms used in this Amendment shall have
the meanings ascribed to them by the Loan Agreement (as hereinafter
defined).

       

      RECITALS

       

      WHEREAS,
Borrowers, Parent, Agent and Lenders have entered into that certain Amended and
Restated Loan and Security Agreement dated as of April 3, 2007 (as amended,
supplemented, restated or otherwise modified from time to time, the “Loan Agreement”);

       

      WHEREAS,
Borrowers, Parent, Agent and Lenders have agreed to the amendments set forth
herein;

       

      NOW
THEREFORE, in consideration of the foregoing recitals, mutual agreements
contained herein and for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Borrowers, Parent, Agent and
Lenders hereby agree as follows:

       

      SECTION
1.          Amendments.

       

      (a)           The
definition of “Sixteenth Amendment Reserve” set forth in Section 1 of the Loan
Agreement is hereby amended and restated to read as follows:

       

      “Sixteenth Amendment
Reserve” means, for the relevant period, (x) the dollar amount of the
“Availability Block” set forth below for such period minus (y) settlement
costs in respect of the Department of Justice matters regarding Zylon and the
investigation commenced by the Securities and Exchange Commission involving
Parent and Borrowers (the “Specific Settlement
Costs”) paid in cash after the Sixteenth Amendment Effective Date in an
aggregate amount not to exceed $1,000,000:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                START
      DATE

              	
                END
      DATE

              	
                AVAILABILITY
      BLOCK

              
	
                Sixteenth
      Amendment Effective Date

              	
                November  6,
      2009

              	
                $7,500,000

              
	
                November
      7, 2009

              	
                November
      13, 2009

              	
                $9,000,000

              
	
                November
      14, 2009

              	
                November
      20, 2009

              	
                $10,500,000

              
	
                November
      21, 2009

              	
                December
      4, 2009

              	
                $11,500,000

              
	
                December
      5, 2009

              	
                December
      29, 2009

              	
                $7,750,000

              
	
                December
      30, 2009

              	
                January
      6, 2010

              	
                $5,750,000
      plus 85% of 

                the
      amount of sales
      

                assigned
      to Agent 

                between
      December 30, 

                2009
      and January 6, 2010

              
	
                January
      7, 2010

              	
                January
      17, 2010

              	
                $4,630,000
      plus (a) 85% 

                of
      the amount of sales 

                assigned
      to Agent 

                between
      January 7, 2010 

                and
      January 17, 2010; 

                plus
      (b) 100% of the 

                amount
      of any tax refund 

                received
      in this period

              
	
                January
      18, 2010

              	
                April
      4, 2010

              	
                $12,750,000

              

      

       

      (b)           The
definition of “Maximum Revolving Loan Limit” set forth in Section 2(a) of the
Loan Agreement is hereby amended by deleting the language reading “(B) during
the period from December 19, 2009 through January 22, 2010, Twenty Million and
No/100 Dollars ($20,000,000), (C) during the period from January 23, 2010
through February 12, 2010, Fifteen Million and No/100 Dollars ($15,000,000), (D)
during the period from February 13, 2010 through February 26, 2010, Ten Million
and No/100 Dollars ($10,000,000) and (E) from and after February 27, 2010, Five
Million and No/100 Dollars ($5,000,000)” and replacing it with the language
reading:

       

      “(B) during the period from December
19, 2009 through January 6, 2010, Twenty Million and No/100 Dollars
($20,000,000), (C) during the period from January 7, 2010 through January 17,
2010, Fifteen Million and No/100 Dollars ($15,000,000), (D) during the period
from January 18, 2010 through January 22, 2010, Twenty Million and No/100
Dollars ($20,000,000), (E) during the period from January 23, 2010 through
February 12, 2010, Fifteen Million and No/100 Dollars ($15,000,000), (F) during
the period from February 13, 2010 through February 26, 2010, Ten Million and
No/100 Dollars ($10,000,000) and (G) from and after February 27, 2010, Five
Million and No/100 Dollars ($5,000,000)”

       

      (c)           Section
2(a) of the Credit Agreement is hereby amended by adding a new sentence to the
end thereof to read as follows:

       

      “The Agent, Lenders and Borrowers agree
that upon the Agent’s receipt of prepaid amounts under Borrowers’ government
contracts during the period ending prior to  January 15, 2010, Agent
shall apply such amounts against the outstanding balance of Revolving Loans but
such amounts shall not reduce the Revolving Loan Limit until such time as the
inventory relating to such prepayments is shipped and billed at which time the
applicable prepayment amount will then be applied against the account receivable
relating to such Inventory for which the prepayment was received.”

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      (d)           Section
12 of the Loan Agreement is hereby amended by adding two new subsections 12(n)
and 12(o) to the end thereof to read as follows:

       

      “(n)  Letter of
Intent.  Borrowers shall have provided the Agent with a letter
of intent on or prior to January 15, 2010 executed by Steel Partners with
respect to  additional capital of at least $10,000,000 to be provided
by Steel Partners to Borrowers, which letter of intent shall be in form and
substance satisfactory to Agent.

       

      (o)  Consultant.  By
no later than January 13, 2010, Borrowers shall have engaged a consultant
satisfactory to Agent pursuant to a written engagement letter in form and
substance satisfactory to Agent for the purpose of reviewing and analyzing the
Borrowers’ cash flows.”

       

      (e)           Section
15(b)(i) of the Loan Agreement is hereby amended by adding the references “12(n),
12(o)”immediately after the reference to “12(m),” set forth
therein.

       

      SECTION
2.         Effectiveness.  The
effectiveness of this Amendment is subject to the satisfaction of each of the
following conditions precedent:

       

      (a)           This
Amendment shall have been duly executed and delivered by Borrowers and Parent
(collectively, “Amendment
Parties”), Agent and each Lender;

       

      (b)           No
Default or Event of Default shall have occurred and be continuing after giving
effect to this Amendment; and

       

      (c)           The
representations and warranties contained herein shall be true and correct in all
material respects.

       

      SECTION
3.         Representations
and Warranties.  In order to induce Agent and each Lender to
enter into this Amendment, each Amendment Party hereby represents and warrants
to Agent and each Lender, which representations and warranties shall survive the
execution and delivery of this Amendment, that:

       

      (a)           all
of the representations and warranties contained in the Loan Agreement and in
each of the Other Agreements are true and correct in all material respects as of
the date hereof after giving effect to this Amendment, except to the extent that
any such representations and warranties expressly relate to an earlier
date;

       

      (b)           the
execution, delivery and performance by Amendment Parties of this Amendment has
been duly authorized by all necessary corporate action required on their part
and this Amendment, the Loan Agreement and the Other Agreements are the legal,
valid and binding obligation of Amendment Parties enforceable against Amendment
Parties in accordance with their terms, except as their enforceability may be
affected by the effect of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or other similar laws now or hereafter in effect
relating to or affecting the rights or remedies of creditors generally, and by
general limitations on the availability of equitable remedies;

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      (c)           neither
the execution, delivery and performance of this Amendment by Amendment Parties,
the performance by Amendment Parties of the Loan Agreement nor the consummation
of the transactions contemplated hereby does or shall contravene, result in a
breach of, or violate (i) any provision of any Amendment Party’s certificate or
articles of incorporation or bylaws or other similar documents, or agreements,
(iii) any law or regulation, or any order or decree of any court or government
instrumentality, or (iii) any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which any Amendment Party or any of its
Subsidiaries is a party or by which any Amendment Party or any of its
Subsidiaries or any of their property is bound, except in any such case to the
extent such conflict or breach has been waived or consented to herein or by a
written waiver document, a copy of which has been delivered to Agent on or
before the date hereof; and

       

      (d)           no
Default or Event of Default has occurred and is continuing after giving effect
to this Amendment.

       

      SECTION
4.         Reference to and Effect Upon
the Loan Agreement.

       

      (a)           Except
as specifically set forth above, the Loan Agreement and each of the Other
Agreements shall remain in full force and effect and are hereby ratified and
confirmed; and

       

      (b)           the
amendments set forth herein are effective solely for the purposes set forth
herein and shall be limited precisely as written, and shall not be deemed to (i)
be a consent to any amendment, waiver or modification of any other term or
condition of the Loan Agreement or any of the Other Agreements except as
specifically set forth herein, (ii) operate as a waiver or otherwise prejudice
any right, power or remedy that Agent or Lenders may now have or may have in the
future under or in connection with the Loan Agreement or any of the Other
Agreements except as specifically set forth herein, (iii) constitute a waiver of
any provision of the Loan Agreement or any of the Other Agreements, except as
specifically set forth herein, or (iv) constitute a waiver of any Event of
Default existing on the date hereof or arising after the date hereof except as
specifically set forth herein and Agent and Lenders hereby reserve all rights
and remedies under the Loan Agreement and the Other Agreements as a result of
such Events of Default.  Upon the effectiveness of this Amendment,
each reference in the Loan Agreement to “this Agreement”, “herein”, “hereof” and
words of like import and each reference in the Loan Agreement and the Other
Agreements to the Loan Agreement shall mean the Loan Agreement as amended
hereby.  This Amendment shall be construed in connection with and as
part of the Loan Agreement.  Each Amendment Party hereby acknowledges
and agrees that there is no defense, setoff or counterclaim of any kind, nature
or description to the Liabilities or the payment thereof when due.

       

      SECTION
5.         Costs And
Expenses.  To the extent provided in Section 4(c)(iv) of
the Loan Agreement, Borrowers agree to reimburse Agent for all fees, costs, and
expenses, including the reasonable fees, costs, and expenses of counsel or other
advisors for advice, assistance, or other representation in connection with this
Amendment.

       

      SECTION
6.         GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS OF THE STATE OF NEW YORK.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      SECTION
7.         Headings.  Section
headings in this Amendment are included herein for convenience of reference only
and shall not constitute part of this Amendment for any other
purposes.

       

      SECTION
8.         Counterparts.  This
Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed an original, but all such counterparts shall constitute
one and the same instrument.

       

      [Signature
Pages Follow]

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment
as of the date first written above.

       

      
        

         

        
          	
                  BORROWERS:

                
	 
      
	 
      
	
                  PROTECTIVE
      APPAREL

                  CORPORATION
      OF AMERICA

                
	 
      
	
                  By:

                	
                  
                    /s/
      Michelle Doery

                  

                
	
                  Name:

                	
                  Michelle
      Doery

                
	
                  Title:

                	
                  Chief
      Financial Officer

                
	 
      
	
                  POINT
      BLANK BODY ARMOR INC.

                
	 
      
	
                  By:

                	
                  
                    /s/
      Michelle Doery

                  

                
	
                  Name:

                	
                  Michelle
      Doery

                
	
                  Title:

                	
                  Chief
      Financial Officer

                
	 
      
	 
      
	 
      
	 
      
	 
      
	
                  PARENT:

                
	 
      
	 
      
	
                  POINT
      BLANK SOLUTIONS, INC.

                
	 
      
	
                  By:

                	
                  
                    /s/
      Michelle Doery

                  

                
	
                  Name:

                	
                  Michelle
      Doery

                
	
                  Title:

                	
                  Chief
      Financial Officer

                
	 
      

        

        

        

          [Signature
Page to Twentieth Amendment to Loan and Security Agreement]

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

        

        

        

        
          	
                  AGENT
      AND LENDER:

                
	 
      
	
                  BANK
      OF AMERICA, N.A., as successor by merger to

                
	
                  LaSalle
      Business Credit, LLC

                
	 
      
	 
      
	 
      
	
                  By:

                	
                  /s/
      Patrick M. Cornell

                
	
                  Name:

                	
                  Patrick
      M. Cornell

                
	
                  Title:

                	
                  Senior
      Vice President

                

        

        

      
        [Signature
Page to Twentieth Amendment to Loan and Security
Agreement]exv10w23

Exhibit 10.23

STANDSTILL AGREEMENT

BY AND AMONG

MADISON SQUARE GARDEN, INC.

AND

THE DOLAN FAMILY GROUP

 

 

STANDSTILL AGREEMENT

          Standstill
Agreement (this “Agreement”), dated as of January 13, 2010, by and among Madison
Square Garden, Inc., a Delaware corporation (the “Company”), each of the members of the Dolan
Family Group listed on Schedule I to this Agreement (the “Dolan Family Parties”) and, as and to the
extent provided herein, their transferees, successors and assigns.

WITNESSETH:

          WHEREAS, as of the date of this Agreement, the Dolan Family Parties own all of the outstanding
shares of Cablevision NY Group Class B Common Stock, par value $.01 per share (“Cablevision Class B
Common Stock”), and also own shares of Cablevision NY Group Class A Common Stock, par value $.01
per share (“Cablevision Class A Common Stock”);

          WHEREAS, Cablevision intends to distribute (the “Distribution”) to the holders of Cablevision
Class A Common Stock all of the outstanding shares of the Company’s Class A Common Stock, $.01 par
value (the “Class A Common Stock”), and to the holders of Cablevision Class B Common Stock all of
the outstanding shares of the Company’s Class B Common Stock, $.01 par value (the “Class B Common
Stock” and, together with the Class A Common Stock, the “Common Stock”); and

          WHEREAS, the Company and the Dolan Family Parties wish to provide for certain restrictions
that will be applicable to the Dolan Family Parties following the Distribution, all as provided
herein.

 

 

          NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein,
the parties hereby agree as follows:

               1. Standstill Agreement.

          During the 12-month period beginning on the date the Distribution is consummated (the
“Distribution Date”), the Dolan Family Parties shall obtain the prior approval of a majority of the
Company’s Independent Directors prior to acquiring Common Stock of the Company through a tender
offer that results in members of the Dolan Family Group beneficially owning more than 50% of the
total number of outstanding shares of Common Stock of the Company. For purposes of this Standstill
Agreement, the term “Independent Directors” means the directors of the Company who have been
determined by the Company’s Board of Directors to be independent directors for purposes of the
NASDAQ corporate governance standards.

               2. Transfers and Related Matters.

          (a) Transfers. Each Dolan Family Party agrees that if at any time or from time to
time prior to the first anniversary of the Distribution Date it desires to sell, transfer or
otherwise dispose of, directly or indirectly (including any transfer of equity or beneficial
interests in an entity that is a Dolan Family Party or any other entity to which shares of Class B
Common Stock may have been transferred, directly or indirectly) (a “Transfer”), any or all of its
shares of Class B Common Stock to any Dolan Person (as defined below) who is not a Dolan Family
Party, such Dolan Family Party shall, prior to the consummation of such Transfer, cause the
transferee to execute a joinder agreement in the form attached hereto as Exhibit A (a
“Joinder”), pursuant to which such transferee shall agree to be bound by the

2

 

provisions of this Standstill Agreement as a Dolan Family Party. In addition, if prior to the
first anniversary of the Distribution Date, any person becomes a member of the Dolan Family Group,
the Dolan Family Parties shall cause such person to execute a Joinder. “Dolan Person” means any
individual who is a member of the “immediate family” (as defined in Rule 16a-1(e) under the
Securities Exchange Act of 1934, as amended) of a Dolan Family Party; an entity that controls, is
controlled by, or is under common control with, a Dolan Family Party; or a trust or estate in which
a Dolan Family Party has an interest (including as a trustee or beneficiary).

          (b) Legends. The Company may, at its election, require that any certificate
representing shares of Class B Common Stock that are covered by this Standstill Agreement and that
are issued prior to the first anniversary of the Distribution Date shall have endorsed thereon a
legend which shall read substantially as follows:

“The shares represented by this certificate are held subject to the
terms of a certain Standstill Agreement, dated January 13, 2010, by
and among Madison Square Garden, Inc. and the Dolan Family Group,
as amended from time to time, a copy of which is on file with the
Secretary of Madison Square Garden, Inc., and such shares may not
be sold, transferred or otherwise disposed of, directly or
indirectly, except in accordance with the terms of such Standstill
Agreement.”

Following the first anniversary of the Distribution Date, any stockholder may require the Company
to remove the foregoing legend from any of such stockholder’s share certificates promptly
after the surrender of any such certificate for such purpose.

               3. Miscellaneous.

3

 

          (a) Specific Performance. The Company and each Dolan Family Party acknowledge that
it will be impossible to measure in money the damage to a party hereto if another party fails to
comply with any of the obligations imposed by this Standstill Agreement, that every such
obligation herein is material and that, in the event of any such failure, the non-breaching party
will not have an adequate remedy at law or in damages. Accordingly, each party hereto consents
to the issuance of an injunction or the enforcement of other equitable remedies against it
without bond or other security, to compel performance by such party of all the terms hereof, and
waives any defenses of (i) failure of consideration, (ii) breach of any other provision of this
Agreement and (iii) availability of relief in damages.

          (b) Amendments. This Standstill Agreement may not be amended, modified or altered
except by a writing duly signed by the party against which such amendment or modification is
sought to be enforced and with the consent of a majority of the Independent Directors.

          (c) Successors and Assigns. This Standstill Agreement shall be binding upon and
inure to the benefit of the Company, the Dolan Family Parties and the respective successors and
permitted assigns of the Company and the Dolan Family Parties. This Standstill Agreement may not
be assigned by either the Company or a Dolan Family Party without the prior written consent of
the other party hereto. The Company shall assign its rights and obligations hereunder (and no
consent thereto shall be required under this Section 3(c)) to any entity that succeeds to all or
substantially all of its assets, by merger or otherwise, including to any holding company that
may be formed to be the parent of the

4

 

Company, if such entity becomes the issuer of the securities then owned by the Dolan Family
Parties.

          (d) Termination. This Agreement shall terminate on the first anniversary of the
date hereof, but a termination shall not affect any rights accrued prior to such termination.

          (e) Counterparts. This Standstill Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same instrument.

          (f) Headings. The headings in this Standstill Agreement are for reference purposes
only and shall not constitute a part hereof.

          (g) Construction. This Standstill Agreement shall be governed by, and construed in
accordance with, the internal laws of the State of New York without giving any effect to
principles of conflicts of laws.

          (h) Notices. All notices hereunder shall be in writing and shall be deemed to have
been given at the time when mailed by certified mail, addressed to the address below stated of
the party to which notice is given, or to such changed address as such party may have fixed by
notice:

To the Company:

Madison Square Garden, Inc.

Two Pennsylvania Plaza

New York, NY 10022

Attn: General Counsel

5

 

To a Dolan Family Party:

c/o Brian G. Sweeney

Cablevision Systems Corporation

1111 Stewart Avenue

Bethpage, NY 11714

With copies to (which shall not constitute notice):

William A. Frewin, Jr.

340 Crossways Park Drive

Woodbury, New York 11797

And

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: Richard D. Bohm

provided, however, that any notice of change of address shall be effective only
upon receipt.

          (i) Severability. If any provision of this Standstill Agreement or the application
of any provision hereof to any person or circumstance is held invalid, the remainder of this
Standstill Agreement and the application of such provision to other persons or circumstances
shall not be affected unless the provision held invalid shall substantially impair the benefits
of the remaining portions of this Standstill Agreement.

          (j) Entire Agreement. This Standstill Agreement is intended by the parties as a
final expression of their agreement and is intended to be a complete and exclusive statement of
the agreement and understanding of the parties hereto in respect of the subject matter contained
herein. There are no restrictions, promises, warranties or undertakings, other than those set
forth or referred to herein. This Agreement supersedes

6

 

all prior agreements and understandings between the parties with respect to such subject
matter.

          (k) Attorneys’ Fees. In any action or proceeding brought to enforce any provision
of this Agreement, or where any provision hereof is validly asserted as a defense, the successful
party shall be entitled to recover reasonable attorneys’ fees in addition to any other available
remedy.

7

 

          IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
written above.

	 	 	 	 	 
	 	 	MADISON SQUARE GARDEN, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert M. Pollichino 
	 

	 	 	 	 
	 

	 	Name:	 	Robert M. Pollichino 
	 

	 	Title:	 	Executive Vice President and Chief Financial Officer 

      

CHARLES F. DOLAN, individually, and as Trustee of
the Charles F. Dolan 2009 Revocable Trust, the
Charles F. Dolan 2008 Grantor Retained Annuity
Trust #2, the Charles F. Dolan 2009 Grantor
Retained Annuity Trust #1, the Charles F. Dolan 2009
Grantor Retained Annuity Trust #2, the Charles F.
Dolan 2009 Grantor Retained Annuity Trust #3 and
the Charles F. Dolan 2010 Grantor Retained Annuity
Trust #1

/s/ Charles F. Dolan 

Charles F. Dolan

HELEN A. DOLAN, individually, and as Trustee of the
Helen A. Dolan 2009 Revocable Trust, the Helen A.
Dolan 2009 Grantor Retained Annuity Trust #1, the
Helen A. Dolan 2009 Grantor Retained Annuity Trust
#2 and the Helen A. Dolan 2010 Grantor Retained
Annuity Trust #1

/s/ Helen A. Dolan 

Helen A. Dolan

JAMES L. DOLAN, individually

/s/ James L. Dolan 

James L. Dolan

[Signature Page to Standstill Agreement]

 

 

      

THOMAS C. DOLAN, individually

/s/ Thomas C. Dolan 

Thomas C. Dolan

PATRICK F. DOLAN, individually

/s/ Patrick F. Dolan 

Patrick F. Dolan

MARIANNE DOLAN WEBER, individually

/s/ Marianne Dolan Weber 

Marianne Dolan Weber

DEBORAH A. DOLAN-SWEENEY, individually

/s/ Deborah A. Dolan-Sweeney 

Deborah A. Dolan-Sweeney

KATHLEEN M. DOLAN, individually, and as a Trustee
of the Charles F. Dolan Children Trusts FBO
Kathleen M. Dolan, Deborah A. Dolan-Sweeney,
Marianne Dolan Weber, Patrick F. Dolan, Thomas C.
Dolan and James L. Dolan, and as Trustee of the
Charles Dolan 1989 Trust, the Ryan Dolan 1989 Trust
and the Tara Dolan 1989 Trust

/s/ Kathleen M. Dolan 

Kathleen M. Dolan

 

 

      

LAWRENCE J. DOLAN, not individually, but as a
Trustee of the Charles F. Dolan 2009 Family Trusts

/s/ Lawrence J. Dolan 

Lawrence J. Dolan

DAVID M. DOLAN, not individually, but as a Trustee
of the Charles F. Dolan 2009 Family Trusts

/s/ David M. Dolan 

David M. Dolan

PAUL J. DOLAN, not individually, but as a Trustee of
the Charles F. Dolan Children Trust FBO Kathleen M.
Dolan and the Charles F. Dolan Children Trust FBO
James L. Dolan

/s/ Paul J. Dolan 

Paul J. Dolan

MATTHEW J. DOLAN, not individually, but as a
Trustee of the Charles F. Dolan Children Trusts FBO
Marianne Dolan Weber and the Charles F. Dolan
Children Trust FBO Thomas C. Dolan

/s/ Matthew J. Dolan 

Matthew J. Dolan

 

 

      

MARY S. DOLAN, not individually, but as a Trustee
of the Charles F. Dolan Children Trust FBO Deborah
A. Dolan-Sweeney and the Charles F. Dolan Children
Trust FBO Patrick F. Dolan

/s/ Mary S. Dolan 

Mary S. Dolan

 

 

SCHEDULE I

DOLAN FAMILY PARTIES

      

Charles F. Dolan, individually and as

     Trustee of the Charles F. Dolan

     2009 Revocable Trust and existing

     and future Grantor Retained

     Annuity Trusts for his benefit

Helen A. Dolan, individually and as

     Trustee of the Helen A. Dolan

     2009 Revocable Trust and existing

     and future Grantor Retained

     Annuity Trusts for her benefit

James L. Dolan

Thomas C. Dolan

Patrick F. Dolan

Marianne Dolan Weber

Deborah A. Dolan-Sweeney

Kathleen M. Dolan

Charles F. Dolan Children Trust FBO

     Kathleen M. Dolan

Charles F. Dolan Children Trust FBO

     Deborah A. Dolan-Sweeney

Charles F. Dolan Children Trust FBO

     Marianne Dolan Weber

Charles F. Dolan Children Trust FBO

     Patrick F. Dolan

Charles F. Dolan Children Trust FBO

     Thomas C. Dolan

Charles F. Dolan Children Trust FBO

     James L. Dolan

Charles F. Dolan 2009 Family Trusts

Tara Dolan 1989 Trust

Charles Dolan 1989 Trust

Ryan Dolan 1989 Trust

 

 

EXHIBIT A

FORM OF JOINDER

STANDSTILL JOINDER AGREEMENT

     Reference is made to the Standstill Agreement, dated January 13, 2010, by and among Madison
Square Garden, Inc. and the Dolan Family Group (as amended from time to time, the “Standstill
Agreement”).

     The undersigned hereby agrees to be bound by the provisions of the Standstill Agreement as a
Dolan Family Party (as defined in the Standstill Agreement).

      

 

Name: [                    ]

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