Document:

Exh

Exhibit 10.97

 

VOTING AGREEMENT

 

                THIS VOTING AGREEMENT (this “Voting Agreement”) is entered into as of May

14, 2002, by and among Textile Investment International S.A., a Luxembourg

corporation (“Textile Investment”),

Würzburg Holding S.A., a Luxembourg corporation, also known in abbreviation as

Würzburg S.A. (“Würzburg”

and, collectively with Textile Investment, the “Corporate Stockholders”), I.C. Isaacs &

Company, Inc., a Delaware corporation (the “Company”) and the stockholders of the Company

set forth on Schedule A hereto (the “Individual Stockholders” and, together with

the Corporate Stockholders, the “Stockholders”). 

Each of the Stockholders is hereinafter referred to, individually, as a

“Stockholder”.

RECITALS

                A.            The Company, the Corporate Stockholders, Latitude

Licensing Corp. (a Delaware corporation), and I.C. Isaacs & Company L.P. (a

Delaware limited partnership) have entered into a Framework Agreement dated as

of the date hereof (the “Framework Agreement”), providing for, among other

things, the execution of a Stockholders’ Agreement by and among the Corporate

Stockholders and the Company governing certain aspects of the Corporate

Stockholders’ relationship with the Company.

B.            The transactions

contemplated by the Framework Agreement are hereinafter referred to,

collectively, as the “Transactions”.

 

                C.            As

of the date hereof, each of the Stockholders is the record holder and

beneficial owner of such number of shares of common stock, par value $0.0001

per share, of the Company (the “Common Stock”), set forth opposite such Stockholder’s

name on Schedule B hereto.

 

                D.            As

a condition and inducement for the Corporate Stockholders and Company to enter

into the Framework Agreement, the Stockholders are entering into this Voting

Agreement.

 

                NOW, THEREFORE, in consideration of the foregoing and

the respective representations, warranties, covenants and agreements set forth

herein and in the Framework Agreement, and intending to be legally bound

hereby, each Stockholder agrees as follows:

 

                1.             Defined Terms.     For

purposes of this Voting Agreement:

(a)           “Company Process Agent” shall

have the meaning set forth in Section 6.7 hereof.

(b)           “Equity Securities” of

any Person shall mean any capital stock of any class, partnership interests,

membership interests, or other ownership interests of any kind, in such Person,

or securities convertible into shares of capital stock of any class,

partnership interests, membership interests, or other ownership interests of

any kind, in such Person.

(c)           “Expiration Date”

shall mean the earlier of: (i) the date upon which the Framework Agreement is

validly terminated; and (ii) the consummation of the Transactions.

 

 

(d)           “New York Court” shall

have the meaning set forth in Section 6.6 hereof.

(e)           “New York Courts”

shall have the meaning set forth in Section 6.6 hereof.

 

(f)            A Stockholder shall

be deemed to “Own” or

have acquired “Ownership”

of the Common Stock and Common Stock shall be deemed to be “Owned” by a

Stockholder if such Stockholder as of the date hereof or prior to the Expiration

Date: (i) is the holder of record of such Common Stock; or (ii) is the

beneficial owner of such Common Stock within the meaning of Rule 13d-3

promulgated under the Securities Exchange Act of 1934, as amended.

 

(g)           “Person” shall mean

any natural person, corporation, limited liability company, partnership, joint

venture, entity, association, joint-stock company, trust or unincorporated

organization and any governmental authority.

(h)           “Process Agent” shall

have the meaning set forth in Section 6.7 hereof.

 

(i)            “Subsidiary” shall

mean any Person of which more than fifty percent (50%) of the outstanding

Equity Securities having voting power generally in the election of directors is

Owned, directly or indirectly, by the Company and shall include, without

limitation, the Partnership.

 

(j)            A Person shall be

deemed to have effected a “Transfer” of Common Stock if such Person directly or

indirectly: (i) sells, pledges, encumbers, grants an option with respect to,

grants a security interest in, transfers or disposes of such Common Stock or

any interest in such Common Stock; (ii) enters into an agreement or commitment

contemplating the possible sale of, pledge of, encumbrance of, grant of a

security interest in, grant of an option with respect to, transfer of, or

disposition, of such Common Stock or any interest therein; or (iii) takes any

action which limits or restricts such Person’s ability to transfer the Common

Stock by whatever means (and the verb “Transfer” shall mean effecting any of the

foregoing).

 

(k)           “Applicable Law” 

As to any Person, any Law applicable to such Person and any Law

applicable to any property, asset or activity of such Person.

 

(l)            “Law” or “Laws”  Any law, statute, regulation, ordinance, rule, code, decree,

order, or other directive of the government of the United States of America, or

of any state, district, territorial, or local government within the United

States of America, or of any national, state, provincial or local government

outside the United States of America, or any branch, department, agency or

office thereof.

 

(m)          “Lien” Any security interest, encumbrance, lien

(including any judgment lien, any contract lien, any lien arising or resulting

from nonpayment of any tax, assessment, charge or other imposition), security

agreement (including any agreement that creates or provides for a security

interest), deed of trust, mortgage, grant, pledge, assignment, hypothecation,

title retention contract, or other arrangement for security purposes, and

including any of the foregoing arising by operation of statute or other law or

the application of equitable 

 

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principles, whether

perfected or unperfected, avoidable or unavoidable, consensual or

nonconsensual.

 

(n)           “Order”  Any

judgment, order, writ, injunction or decree of any governmental, judicial,

arbitral, regulatory or administrative authority or body (including the

National Association of Securities Dealers, Inc.).

 

                2.             Transfer

of Common Stock.

 

                                2.1           Transferee

of Common Stock to be Bound by this Voting Agreement. Each Stockholder

agrees that, during the period from the date of this Voting Agreement through

the Expiration Date, such Stockholder shall not cause or permit any Transfer of

any of the Common Stock to be effected unless each Person to which any of the

Common Stock, or any interest in any of such Common Stock, is or may be

Transferred shall have executed a counterpart of this Voting Agreement in such

form as the Company (if a Corporate Stockholder is the party seeking to effect

the Transfer) or the Corporate Stockholders (if an Individual Stockholder is

the party seeking to effect the Transfer) may reasonably request, whereby such

Person agrees to be bound by this Voting Agreement and agrees to hold such

Common Stock (or interest in such Common Stock) subject to all of the terms and

provisions of this Voting Agreement.

 

                                2.2           Transfer

of Voting Rights.  Except as otherwise

set forth herein, each Stockholder agrees that during the period from the date

of this Voting Agreement through the Expiration Date, such Stockholder shall

not permit: (a) any of the Common Stock Owned by such Stockholder to be

deposited into a voting trust; or (b) any proxy to be granted, or any support

agreement, voting agreement or similar agreement to be entered into, with

respect to any of the Common Stock Owned by such Stockholder.

 

3.                                       Voting of Common Stock.

 

3.1           Voting

Agreement.  Each Stockholder agrees

that, during the period from the date of this Voting Agreement through the

Expiration Date:

 

                                (a)           at

any meeting of stockholders of the Company, however called, and any

adjournments or postponements thereof, such Stockholder shall cause all

outstanding shares of Common Stock entitled to be voted that are Owned by such

Stockholder as of the record date fixed for such meeting to be voted in favor

of a proposal to approve the Transactions and proposals to elect the slate of

directors nominated by management pursuant to the terms of the Framework

Agreement to be elected to Class II of the Board of Directors and to fill

vacancies in Class I and Class III of the Board of Directors of the Company;

 

                                (b)           at

any meeting of the stockholders of the Company, however called, and any

adjournments or postponements thereof, each Stockholder shall cause all

outstanding Common Stock entitled to be voted that are Owned by such

Stockholder as of the record date fixed for such meeting to be voted against

any action or agreement (other than the Framework

 

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Agreement and the

Transactions) that would impede, interfere with, delay, postpone or attempt to

discourage the consummation of the Transactions, including, but not limited to:

(i) any extraordinary corporate transaction, such as a merger,

recapitalization, business combination, sale of assets, liquidation or similar

transaction involving the Company or any Subsidiary; and (ii) any action that

is reasonably likely to result in a breach in any respect of any

representation, warranty, covenant or other obligation or agreement of the

Company or the Corporate Stockholders under the Framework Agreement; and

 

                                (c)           in

the event written consents are solicited or otherwise sought from stockholders

of the Company with respect to the approval of the Transactions or the election

of the slate of directors nominated by management pursuant to the Framework

Agreement to Class II of the Board of Directors and to fill vacancies in Class

I and Class III of the Board of Directors, each Stockholder shall cause to be

executed, with respect to all outstanding shares of Common Stock entitled to be

voted that are Owned by such Stockholder as of the record date fixed for the

consent to the proposed action, a written consent or written consents to such

proposed action.

 

3.2           Proxy.     Each Individual Stockholder hereby appoints the

attorney-in-fact to be designated by the Corporate Stockholders as such

Individual Stockholder’s true and lawful proxy and attorney, with full power of

substitution, to vote all Common Stock Owned by such Individual Stockholder to

effectuate the agreements set forth in Section 3.1 hereof in the event of any

breach by such Individual Stockholder of its obligations under Section 3.1

hereof.  The proxies and powers granted

by each Individual Stockholder pursuant to this Section 3.2 are coupled with an

interest and are given to secure the performance of such Individual

Stockholder’s duties under Section 3.1 hereof. 

Such proxies are irrevocable for so long as Section 3.1 remains in

effect and will survive the death, incompetency or disability of any Individual

Stockholder.

 

                4.             Agreement Not to Exercise/Waiver of Dissenter’s

Rights.

 

Each Stockholder hereby irrevocably and

unconditionally agrees not to exercise and waives, and with respect to any

Common Stock Owned by such Stockholder, agrees to cause to be waived and to

prevent the exercise of, any claims against the members of the Board of

Directors of the Company relating to such Directors’ approval of the Framework

Agreement, the Transactions or any other actions or transactions consummated in

connection therewith that such Stockholder or any other Person may have by

virtue of Ownership of the Common Stock.

 

5.             Representations and Warranties

of Stockholder.

 

Each Stockholder

hereby represents and warrants, severally as to such Stockholder only and not

as to any other stockholders of the Company, to the Company and the other

Stockholders as follows:

(a)                           Authorization,

etc.       Such Stockholder has the

right, power, authority and capacity to execute and deliver this Voting

Agreement and to perform his, her or its obligations hereunder.  This Voting Agreement has been duly executed

and delivered by such 

 

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Stockholder and, assuming

the validity and binding effect hereof on the Company and the other

Stockholders, constitutes the legal, valid and binding obligation of such

Stockholder, enforceable against such Stockholder in accordance with its terms,

except to the extent enforceability may be limited by applicable bankruptcy,

insolvency, reorganization, moratorium or similar laws affecting the

enforcement of creditors’ rights generally and by the effect of general

principles of equity (regardless of whether enforcement is considered in a

proceeding in equity or at law).

(b)           No

Conflicts or Consents.

 

(1)           The execution and delivery of this

Voting Agreement by such Stockholder does not, and the performance of this

Voting Agreement by such Stockholder will not: (i) if such Stockholder is a

Corporate Stockholder, conflict with or violate any provision of the

certificate of incorporation, by-laws or similar governing documents of such

Stockholder, if applicable; (ii) conflict with or violate any Applicable Law or

Order applicable to such Stockholder or by which he, she or it or the Common

Stock is or may be bound or affected; or (iii) result in or constitute (with or

without notice or lapse of time or both) any breach or default under, or give

to any other Person (with or without notice or lapse of time or both) any right

of termination, amendment, acceleration or cancellation of, or result (with or

without notice or lapse of time or both) in the creation of any Lien or

restriction on any of the Common Stock pursuant to, any contract or agreement

to which such Stockholder is a party or by which such Stockholder or the Common

Stock is or may be bound or affected.

 

(2)           The execution and delivery of this

Voting Agreement by such Stockholder does not, and the performance of this

Voting Agreement by such Stockholder will not, require any consent or approval

of any Person.

 

(3)           There is no claim, action,

proceeding, or investigation pending or, to the best knowledge of such

Stockholder, threatened against or relating to the Stockholder before any court

or governmental or regulatory authority or body (including the National

Association of Securities Dealers, Inc.) that, if determined adversely, would

prohibit the Stockholder from performing the Stockholder’s obligations

hereunder.

 

(4)           The Stockholder is not subject to any

outstanding Order that would prohibit the Stockholder from performing the

Stockholder’s obligations hereunder.

 

(c)           Title.       Such Stockholder owns of record and has voting power over the

number of shares of Common Stock as set forth opposite the name of such

Stockholder on Schedule B hereto. 

Such shares of Common Stock are held by such Stockholder free and clear

of all Liens and restrictions (other than those created by this Voting

Agreement).

 

(d)           No

Breach.    Such Stockholder agrees not

to take any action that may reasonably be expected to impede, interfere with,

delay, postpone or attempt to discourage the Transactions, the election of the

slate of directors nominated by management pursuant to the Framework Agreement

to Class II of the Board of Directors and to fill vacancies in Class I and

Class III of the Board of Directors, or this Voting Agreement or result in a

breach of any of the covenants, representations, warranties or other

obligations or agreements of such Stockholder or 

 

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the Company under the

Framework Agreement or which would materially and adversely affect the Company

or its ability to consummate the Transactions.

 

                6.             Miscellaneous.

 

                                6.1           Expenses.      Except as otherwise provided in the

Framework Agreement, all costs and expenses incurred in connection with the

transactions contemplated by this Voting Agreement shall be paid by the party

incurring such costs and expenses, including, without limitation, the fees and

expenses of such party’s own financial consultants, investment bankers, accountants

and counsel.

 

                                6.2           Amendment and Waiver.    This Voting Agreement may not be modified,

amended, altered or supplemented, and no provision of this Voting Agreement

shall be waived, except upon the execution and delivery of a written agreement

executed by all of the parties hereto.

 

                                6.3           Entire Agreement; No Third-Party

Beneficiary.      This Voting

Agreement constitutes the entire understanding and agreement of the parties

with respect to the subject matter hereof and supersedes all prior agreements

and understandings, both written and oral, among the parties with respect to

such subject matter and is not intended to confer upon any Person other than

the parties hereto any rights or remedies hereunder.

 

                                6.4           Severability.  The provisions of this Voting Agreement shall

be deemed severable and the invalidity or unenforceability of any provision

shall not affect the validity or enforceability of the other provisions

hereof.  If any provision of this Voting

Agreement, or the application thereof to any Person or any circumstance, is

invalid and unenforceable: (i) a suitable and equitable provision shall be

substituted therefor in order to carry out, so far as may be valid and

enforceable, the intent and purpose of such invalid or unenforceable provision

and (ii) the remainder of this Voting Agreement and the application of such

provision to other Persons or circumstances shall not be affected by such

invalidity or unenforceability, nor shall such invalidity or unenforceability

affect the validity or enforceability of such provision, or the application

thereof, in any other jurisdiction.

 

                                6.5           Governing Law.    This Voting Agreement shall be governed by,

and construed and enforced 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.

 

                                6.6          JURISDICTION; VENUE.

 

                                                (a)           Each party to this Voting Agreement

hereby irrevocably consents to the exclusive jurisdiction of the Supreme Court

of the State of New York for the County of New York and/or United States

District Court for the Southern District of New York (collectively, the “New

York Courts” and each a “New York Court”) in connection 

 

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with any and all claims based upon or

arising out of this Voting Agreement or the matters or transactions

contemplated herein, and irrevocably agrees that all claims in respect of any

such matters or transactions may be heard in either of such New York Courts.

 

                                                (b)           Each party to this Voting Agreement

hereby waives any objection to jurisdiction and venue of any such claim

brought, or action instituted, hereunder in any New York Court and further

agrees not to assert (i) any defense based on the lack of jurisdiction or venue

in any New York Court, or (ii) any defense of improper venue or inconvenient

forum in any New York Court.

 

                                                (c)           Each party to this Voting Agreement

hereby waives any right of jurisdiction on account of the place of such party’s

residence, or domicile, or on account of such party’s place of incorporation,

formation or organization.

 

                                                (d)           Each party to this Voting Agreement

hereby acknowledges and agrees that any forum other than a New York Court is an

inconvenient forum and that a suit brought by any party against any other party

in any court other than a New York Court should be transferred to a New York

Court.

 

                SECTION

6.7       SERVICE OF PROCESS.

 

                                                (a)           Textile Investment hereby irrevocably

and unconditionally appoints Steven D. Dreyer, Esquire of Hall Dickler Kent

Goldstein & Wood, LLP, currently located at 909 Third Avenue, New York, New

York 10022-4731 (the “Process Agent”) as its agent to receive on behalf of

Textile Investment service of copies of the summons and complaint and any other

process which may be served in any action or proceeding within the scope of

Section 6.6 of this Voting Agreement in any New York Court and agrees promptly

to appoint a successor Process Agent in the City of New York (which appointment

such successor Process Agent shall accept in writing) prior to the termination

for any reason of the appointment of the Process Agent (or the termination of

any successor Process Agent).  In any

such action or proceeding in any New York Court, such service may be made on

Textile Investment by delivering a copy of such process to Textile Investment

in care of the Process Agent at the Process Agent’s above address and by

depositing a copy of such process in the mails (certified or registered, if

available), or by overnight courier, addressed to Textile Investment at its

address for notices in this Voting Agreement (such service to be effective upon

receipt by the Process Agent, and the depositing of such service in the mails

(or delivery thereof to such overnight courier)).  Textile Investment hereby irrevocably and unconditionally

authorizes and directs the Process Agent to accept such service on Textile

Investment’s behalf.  As an alternative

method of service, Textile Investment hereby irrevocably and unconditionally

consents to the service of any and all process in any such action or proceeding

in any New York Court by mailing of copies of such process to Textile

Investment by mail (certified or registered, if available), or by overnight

courier, at its address for notices in this Voting Agreement.  Textile Investment agrees that, to the

fullest extent permitted by applicable law, a final judgment in any such action

or proceeding in any New York Court shall be conclusive and 

 

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may be enforced in any other

jurisdiction by suit on the judgment or in any other manner provided by

law.  Textile Investment represents and

warrants to the other parties to this Voting Agreement that the Process Agent

has accepted its appointment as process agent for Textile Investment as herein

described, and Textile Investment covenants to give the other parties to this

Voting Agreement prompt written notice of (x) any change in the name or address

of the Process Agent (or any successor Process Agent) and (y) the name and

address of any successor Process Agent.

 

                                                (b)           Würzburg hereby irrevocably and

unconditionally appoints the Process Agent as its agent to receive on behalf of

Würzburg service of copies of the summons and complaint and any other process

which may be served in any action or proceeding within the scope of Section 6.6

of this Voting Agreement in any New York Court and agrees promptly to appoint a

successor Process Agent in the City of New York (which appointment such

successor Process Agent shall accept in writing) prior to the termination for

any reason of the appointment of the Process Agent (or the termination of any successor

Process Agent).  In any such action or

proceeding in any New York Court, such service may be made on Würzburg by

delivering a copy of such process to Würzburg in care of the Process Agent at

the Process Agent’s address and by depositing a copy of such process in the

mails (certified or registered, if available), or by overnight courier,

addressed to Würzburg at its address for notices in this Voting Agreement (such

service to be effective upon receipt by the Process Agent, and the depositing

of such service in the mails (or delivery thereof to such overnight

courier)).  Würzburg hereby irrevocably

and unconditionally authorizes and directs the Process Agent to accept such

service on Würzburg’s behalf.  As an

alternative method of service, Würzburg hereby irrevocably and unconditionally

consents to the service of any and all process in any such action or proceeding

in any New York Court by mailing of copies of such process to Würzburg by mail

(certified or registered, if available), or by overnight courier, at its

address for notices in this Voting Agreement. 

Würzburg agrees that, to the fullest extent permitted by applicable law,

a final judgment in any such action or proceeding in any New York Court shall

be conclusive and may be enforced in any other jurisdiction by suit on the

judgment or in any other manner provided by law.  Würzburg represents and warrants to the other parties to this

Voting Agreement that the Process Agent has accepted its appointment as process

agent for Würzburg as herein described, and Würzburg covenants to give the

other parties to this Voting Agreement prompt written notice of (x) any change

in the name or address of the Process Agent (or any successor Process Agent)

and (y) the name and address of any successor Process Agent.

 

                                                (c)           The Company hereby irrevocably and

unconditionally appoints its registered agent, as specified in its charter, as

amended from time to time (the “Company Registered Agent”), as its agent to

receive on behalf of the Company service of copies of the summons and complaint

and any other process which may be served in any action or proceeding within

the scope of Section 6.6 of this Voting Agreement in any New York Court.  In any such action or proceeding in any such

New York Court, such service may be made on the Company by delivering a copy of

such process to the Company in care of the Company Registered Agent at the

Company Registered Agent’s address and by 

 

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depositing a copy of such process in

the mails (certified or registered, if available), or by overnight courier,

addressed to the Company at its address for notices in this Voting Agreement

(such service to be effective upon receipt by the Company Registered Agent, and

the depositing of such service in the mails (or delivery thereof to such

overnight courier)).  The Company hereby

irrevocably and unconditionally authorizes and directs the Company Registered

Agent to accept such service on the Company’s behalf.  As an alternative method of service, the Company hereby

irrevocably and unconditionally consents to the service of any and all process

in any such action or proceeding in any New York Court by mailing of copies of

such process to the Company by mail (certified or registered, if available), or

by overnight courier, at its address for notices in this Voting Agreement.  The Company agrees that, to the fullest

extent permitted by applicable law, a final judgment in any such action or

proceeding in any New York Court shall be conclusive and may be enforced in any

other jurisdiction by suit on the judgment or in any other manner provided by

law.  The Company represents and

warrants to the other parties to this Voting Agreement that the Company

Registered Agent has accepted its appointment as registered agent for the

Company as herein described.

 

                SECTION

6.8       WAIVER OF IMMUNITY.  Each party to this Voting Agreement

represents, warrants, and agrees that to the extent such party may have or

hereafter acquire any right of sovereign or other immunity from suit, court

jurisdiction, attachment in aid of execution of judgment, set-off, execution or

other legal process, such party hereby irrevocably and unconditionally waives,

to the fullest extent permitted by law, such right of immunity with respect to

its obligations hereunder and with respect to legal proceedings to enforce the

same and to enforce any judgment rendered in such proceedings.

 

                                6.9           Headings.      The headings contained in this Voting

Agreement are for reference purposes only and shall not affect in any way the

meaning or interpretation of this Voting Agreement.

 

                                6.10         Notices. All notices, requests, claims, demands and other communications

hereunder shall be in writing and deemed given upon receipt by the parties at

the following addresses (or at such address for a party as shall be specified

by like notice):

 

(1)           if to an Individual Stockholder:

 

at the address set

forth opposite the name of such Individual Stockholder on Schedule B

hereto

 

(2)           if

to a Corporate Stockholder:

 

at the address set

forth opposite the name of such Corporate Stockholder on Schedule B

hereto,

 

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                                                with

a copy to:

 

                                                Hall

Dickler Kent Goldstein & Wood, LLP

                                                909

Third Avenue

                                                New

York, New York 10022-4731

                                                Attention:  Steven D. Dreyer, Esquire

                                                Telecopy No.:  (212) 935-3121

 

 

                                (3)           if to Company:

 

                                                I.C.

Isaacs & Company, Inc.

                                                350

Fifth Avenue, Suite 1029

                                                New

York, New York 10118

                                                Attn:  Mr. Robert J. Arnot, President and CEO

                                                Telecopy

No.:  (212) 695-7579

 

                                                and

 

                                                I.C.

Isaacs & Company, Inc.

                                                3840

Bank Street

                                                Baltimore,

Maryland 21224

                                                Attn:  Mr. Eugene C. Wielepski

                                                Telecopy No.: (410)

563-1512

 

                                                with

a copy to:

 

                                                Piper

Rudnick LLP

                                                6225

Smith Avenue

                                                Baltimore, Maryland

21209-3600

                                                Attention:  Robert J. Mathias, Esquire

                                                Telecopy No.:  (410) 580-3001

 

                                6.11         Counterparts.     This Voting Agreement may be executed in

one or more counterparts, all of which shall be considered one and the same

agreement and shall become effective when one or more counterparts have been

signed by each of the parties and delivered to the other parties.

 

                                6.12         Assignment. Neither this Voting Agreement nor any of its

rights, interests or obligations under this Voting Agreement shall be assigned,

in whole or in part, by operation of law or otherwise, by any of the parties

without the prior written consent of the other parties and any purported

assignment without such consent shall be void. 

Subject to the preceding sentence, this Voting Agreement will be binding

upon, inure to the benefit of, and be enforceable by, the parties and their

respective heirs, executors, estates, personal representatives, successors and

assigns.

 

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                                6.13         Enforcement. The parties agree that irreparable damage would

occur in the event that any of the provisions of this Voting Agreement was not

performed in accordance with its specific terms or was otherwise breached.  Each Stockholder agrees that, in the event

of any breach or threatened breach by such Stockholder of any covenant or

obligation contained in this Voting Agreement, the Company and/or any of the

other Stockholders shall be entitled (in addition to any other remedy that may

be available to it, including monetary damages) to seek and obtain (a) a decree

or order of specific performance to enforce the observance and performance of

such covenant or obligation, and (b) an injunction restraining such breach or

threatened breach.  Each Stockholder

further agrees that neither the Company nor any other Person shall be required

to obtain, furnish or post any bond or similar instrument in connection with or

as a condition to obtaining any remedy referred to in this Section 6.13,

and such Stockholder irrevocably waives any right he, she, or it may have to

require the obtaining, furnishing or posting of any such bond or similar

instrument.

 

                                6.14         Attorneys’ Fees.  If any legal action or other legal proceeding

relating to this Voting Agreement or the enforcement of any provision of this

Voting Agreement is brought against a party, the prevailing party shall be

entitled to recover reasonable attorneys’ fees, costs and disbursements (in

addition to any other relief to which the prevailing party may be entitled).

 

                                6.15         Construction.

 

(1)           For purposes of this Voting

Agreement, whenever the context requires: the singular number shall include the

plural, and vice versa; the masculine gender shall include the feminine and

neuter genders; the feminine gender shall include the masculine and neuter genders;

and the neuter gender shall include masculine and feminine genders.

 

(2)           The parties agree that any rule of

construction to the effect that ambiguities are to be resolved against the

drafting party shall not be applied in the construction or interpretation of

this Voting Agreement.

 

(3)           As used in the Voting Agreement, the

words “include” and “including” and variation thereof, shall not be deemed to

be terms of limitation, but rather shall be deemed to be followed by the words

“without limitation.”

 

(4)           Terms, other than those defined or

referenced in Section 1, may be defined elsewhere in the text of this

Voting Agreement, and, unless otherwise indicated, shall have the specified

meaning throughout this Voting Agreement.

 

(5)           The words “hereof”, “herein”,

“hereby”, and “hereunder”, and words of similar import, when used in this

Voting Agreement, shall refer to this Voting Agreement as a whole and not to

any particular provision of this Voting Agreement.

 

11

 

                                6.16         Further Assurances.    From time to time and without additional

consideration, each Stockholder shall (at such Stockholder’s sole expense)

execute and deliver, or cause to be executed and delivered, such additional

customary transfers, assignments, endorsements, proxies, consents and other

instruments, and shall (at such Stockholder’s sole expense) take such further

actions, as the Company may reasonably request for the purpose of carrying out

and furthering the intent of this Voting Agreement.

 

12

 

                IN WITNESS WHEREOF, the Company

and Stockholders have caused this Voting Agreement to be executed as of the

date first above written.

 

	

   

  	

   

  	

  I.C. Isaacs &

  Company, Inc.

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Robert J. Arnot

  
	

   

  	

   

  	

  Name:

  	

  Robert J. Arnot

  
	

   

  	

   

  	

  Title:

  	

  Chief Executive Officer

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Textile

  Investment International S.A.

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ René Faltz

  
	

   

  	

   

  	

  Name:

  	

  René Faltz

  
	

   

  	

   

  	

  Title:

  	

  Managing Director

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Tom Felgen

  
	

   

  	

   

  	

  Name:

  	

  Tom Felgen

  
	

   

  	

   

  	

  Title:

  	

  Managing Director

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Würzburg Holding

  S.A.

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ René Faltz

  
	

   

  	

   

  	

  Name:

  	

  René  Faltz

  
	

   

  	

   

  	

  Title:

  	

  Managing Director

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Tom Felgen

  
	

   

  	

   

  	

  Name:

  	

  Tom Felgen

  
	

   

  	

   

  	

  Title:

  	

  Managing Director

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

     /s/ Robert J. Arnot

  
	

   

  	

   

  	

  Robert J. Arnot

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

     /s/ Jon Hechler

  
	

   

  	

   

  	

  Jon Hechler

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

     /s/ Ronald S. Schmidt

  
	

   

  	

   

  	

  Ronald S. Schmidt

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

     /s/ Eugene C. Wielepski

  
	

   

  	

   

  	

  Eugene C. Wielepski

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

     /s/ Thomas P. Ormandy

  
	

   

  	

   

  	

  Thomas P. Ormandy

  

 

13

 

SCHEDULE A

 

 

Robert J. Arnot

Jon Hechler

Ronald S. Schmidt

Eugene C. Wielepski

Thomas P. Ormandy

 

 

14

 

SCHEDULE B

 

	

  Name of Stockholder

  	

   

  	

  Shares of

  Common Stock

  	

   

  	

  Address

  	

   

  
	

  Textile Investment International S.A.

  	

   

  	

  666,667

  	

   

  	

  41 avenue de la Gare

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Luxembourg L-1611

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Luxembourg

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Würzburg Holding S.A.

  	

   

  	

  500,000

  	

   

  	

  41 avenue de la Gare

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Luxembourg L-1611

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Luxembourg

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Robert J. Arnot

  	

   

  	

  489,871

  	

   

  	

  c/o I.C. Isaacs &

  Company, Inc.

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  350 Fifth Avenue

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  New York, NY 

  10118

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Jon Hechler

  	

   

  	

  1,102,152

  	

   

  	

  c/o I.C. Isaacs &

  Company, Inc.

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  350 Fifth Avenue

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  New York, NY 

  10118

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Ronald S. Schmidt

  	

   

  	

  159,211

  	

   

  	

  c/o I.C. Isaacs &

  Company, Inc.

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  350 Fifth Avenue

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  New York, NY 

  10118

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Eugene C. Wielepski

  	

   

  	

  194,242

  	

   

  	

  c/o I.C. Isaacs &

  Company, Inc.

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  3840 Bank Street

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Baltimore, MD 

  21224

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Thomas P. Ormandy

  	

   

  	

  158,320

  	

   

  	

  c/o I.C. Isaacs &

  Company, Inc.

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  350 Fifth Avenue

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  New York, NY 

  10118

  	

   

  

 

15Exhibit 4.5

Ex 4.5

                               ACKNOWLEDGEMENT OF
                            REPRESENTATION AGREEMENT
                                  AND FEES DUE

        Whereas, a representation agreement was made the 24th day of September,
2001, between Oak Tree Medical Systems, hereinafter referred to as client, and
Frederick C. Veit, 21 Gordon Avenue, Briarcliff Manor, NY 10510, hereinafter
referred to as attorney.

        Whereas, client, a Delaware corporation, having a place of business at
10155 Collins Avenue, Suite 607, Bal Harbour, FL 33154, hired attorney to
consummate a merger transaction with International Importers, Inc., ("II") a
Florida corporation having a place of business at 901 N.E. 125th Street, North
Miami, FL 33101,

        Whereas, such merger transaction was completed in October, 2001 and II
assumed all the obligations of client,

        Now, Therefore it is acknowledged and agreed to between the parties as
follows:

          In consideration of the services rendered by attorney, II hereby
          agrees to immediately pay attorney and attorney is authorized  to
          accept the following:

          Fifteen Thousand (15,000) shares of II's affiliate company, New World
          Brands (trading symbol "NWBD") common stock.

IN WITNESS WHEREOF, the parties hereto have set their hands this 25th day of
March, 2002.

/s/ Allen Salzman                         /s/Frederick C. Veit
International Importers, Inc.             Frederick C. Veit
By: Allen Salzman                         Attorney
Title: C.E.O.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]