Exhibit 99.24
ASSIGNMENT OF OPTION
WHEREAS, on June 27, 2003, Xxxxxx X. Xxxxxxx, as trustee of the Xxxxxx X.
Xxxxxxx 1988 Trust Number One (the "Trust"), entered into an option agreement
(the "Option Agreement") with his children, including me, Xxxxx X.
Xxxxxxx-Xxxxxxx;
WHEREAS, pursuant to the Option Agreement, I have an option to purchase
certain assets from the Trust during the period beginning on May 22, 2004, the
date of Xxxxxx X. Xxxxxxx'x death, and ending on February 22, 2005;
WHEREAS, pursuant to paragraph 3 of the Option Agreement, I may assign my
right to exercise the option granted under the Option Agreement, in whole or in
part, to trusts for the benefit of any one or more of Xxxxxx X. Xxxxxxx'x
descendants; and
WHEREAS, I desire to assign my rights under the Option Agreement in part to
each of Xxxxxxx Bank, as trustee of the Xxxxx Xxxxxxx-Xxxxxxx Third Party Gift
and Inheritance Trust; Xxxxxxx Bank, as trustee of the Xxxxxx Xxxxxx Xxxxxxx
Trust; Xxxxxxx Bank, as trustee of the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Trust;
Xxxxxxx Bank, as trustee of the Xxxxxxxx Xxxxxx Xxxxxxx Trust; Xxxxxxx Bank, as
trustee of the Exempt Family Trust u/a Xxxxx Xxxxxxx-Xxxxxxx 1995 Family Trust;
and Xxxxxxx Bank, as trustee of the Xxxxx Xxxxxxx-Xxxxxxx Special 1996 Trust.
NOW, THEREFORE:
1. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Xxxxx Xxxxxxx-Xxxxxxx Third Party Gift and Inheritance Trust, my right pursuant
to the Option Agreement to purchase the following interests in Xxxxxxx Outdoors,
Inc., a Wisconsin corporation: 49,988 Class A shares, 6,250 Class B shares and
11,762 Class B voting trust certificates.
2. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Xxxxxx Xxxxxx Xxxxxxx Trust, my right pursuant to the Option Agreement to
purchase 24,000 Class A shares of Xxxxxxx Outdoors, Inc., a Wisconsin
corporation; provided, however, that the assignment of my option pursuant to
this paragraph 2 is conditioned upon Xxxxxxx Bank, as trustee of the Xxxxxx
Xxxxxx Xxxxxxx Trust, contributing all interests in Xxxxxxx Outdoors, Inc.
purchased pursuant to such option to HJL Family Line Investments, LLC in
exchange for additional membership interests in such LLC.
3. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Trust, my right pursuant to the Option Agreement
to purchase 24,000 Class A shares of Xxxxxxx Outdoors, Inc., a Wisconsin
corporation; provided, however, that the assignment of my option pursuant to
this paragraph 3 is conditioned upon Xxxxxxx Bank, as trustee of the Xxxxxx
Xxxxxx Xxxxxxx Xxxxxxx Trust, contributing all interests in Xxxxxxx Outdoors,
Inc. purchased pursuant to such option to HJL Family Line Investments, LLC in
exchange for additional membership interests in such LLC.
4. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Xxxxxxxx Xxxxxx Xxxxxxx Trust, my right pursuant to the Option Agreement to
purchase 24,000 Class A shares of Xxxxxxx Outdoors, Inc., a Wisconsin
corporation; provided, however, that the assignment of my option pursuant to
this paragraph 4 is conditioned upon Xxxxxxx Bank, as trustee of the Xxxxxxxx
Xxxxxx Xxxxxxx Trust, contributing all interests in Xxxxxxx Outdoors, Inc.
purchased pursuant to such option to HJL Family Line Investments, LLC in
exchange for additional membership interests in such LLC.
5. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Exempt Family Trust u/a Xxxxx Xxxxxxx-Xxxxxxx 1995 Family Trust, my right
pursuant to the Option Agreement to purchase 95,000 Class A shares of Xxxxxxx
Outdoors, Inc., a Wisconsin corporation.
6. I hereby assign, transfer and convey to Xxxxxxx Bank, as trustee of the
Xxxxx Xxxxxxx-Xxxxxxx Special 1996 Trust, my right pursuant to the Option
Agreement to purchase 15,000 Class A shares of Xxxxxxx Outdoors, Inc., a
Wisconsin corporation.
Signed at Racine, Wisconsin, on December 15, 2004.
/s/ Xxxxx X. Xxxxxxx-Xxxxxxx
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Xxxxx X. Xxxxxxx-Xxxxxxx