August 18th, 1997Ws Acquisition LLC – August 4, 1997 WS Acquisition L.L.C. 620 Fifth Avenue, Suite 216 New York, New York 10020 Attn: Douglas W. Rotatori Dear Doug: This letter confirms, on behalf of the entities listed on Schedule A hereto, which Schedule is incorporated herein in its...This letter confirms, on behalf of the entities listed on Schedule A hereto, which Schedule is incorporated herein in its entirety (collectively, the "Sellers") the sale to WS Acquisition L.L.C. (the "Purchaser") and Purchaser hereby confirms its purchase from Sellers of 115,135 New Warrants (as such term is defined in the First Amended Plan of Reorganization for SLM International, Inc. and certain affiliates dated as of November 12, 1996, as modified and amended) issued by Reorganized SLM International, Inc. The purchase price shall be $2.50 per New Warrant purchased, representing an aggregate purchase price of $287,837.50 (the "Purchase Price"). The Sellers warrant and represent that they hold title to the stock of old SLM upon which their entitlement to the New Warrants is based free and clear from any liens, claims or encumbrances.
This letter confirms, on behalf of the entities listed on Schedule A hereto, which Schedule is incorporated herein in its entirety (collectively, the "Sellers") the sale to WS Acquisition L.L.C. (the "Purchaser") and Purchaser hereby confirms its purchase from Sellers of 115,135 New Warrants (as such term is defined in the First Amended Plan of Reorganization for SLM International, Inc. and certain affiliates dated as of November 12, 1996, as modified and amended) issued by Reorganized SLM International, Inc. The purchase price shall be $2.50 per New Warrant purchased, representing an aggregate purchase price of $287,837.50 (the "Purchase Price"). The Sellers warrant and represent that they hold title to the stock of old SLM upon which their entitlement to the New Warrants is based free and clear from any liens, claims or encumbrances.