PERSONAL AND CONFIDENTIAL May 9, 2012 Griffin Holdings, LLC C/O Mr. Rick JezziPackers Acquisition Sub, Inc. • January 9th, 2014 • Converted paper & paperboard prods (no contaners/boxes)
COMMITMENT LETTER Griffin Holdings, LLC Los Angeles, California 90067 December 20, 2013Packers Acquisition Sub, Inc. • January 9th, 2014 • Converted paper & paperboard prods (no contaners/boxes) • Delaware
In connection with that certain Agreement and Plan of Merger, dated as of the date hereof, by and among Tufco Holdings, LLC, a Delaware limited liability company (“Parent”), Packers Acquisition Sub, Inc., a Delaware corporation and a Subsidiary of Parent (“Acquisition Sub”), and Tufco Technologies, Inc., a Delaware corporation (the “Company”), (as amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof, the “Merger Agreement”), Griffin Holdings, LLC, a New York limited liability company (the “Investor”) is pleased to offer this commitment to contribute to Parent and/or Acquisition Sub, directly or indirectly, subject to the terms and conditions herein, an aggregate amount in cash equal to an amount of $11.0 million (the “Commitment”). The proceeds of the Commitment will be used for the purposes of acquiring 100% of the outstanding capital stock of the Company which is currently contemplated to be effecte
LIMITED GUARANTEELimited Guarantee • January 9th, 2014 • Packers Acquisition Sub, Inc. • Converted paper & paperboard prods (no contaners/boxes) • Delaware
Limited Guarantee, dated as of December 20, 2013 (this “Limited Guarantee”), by Griffin Holdings, LLC, a New York limited liability company (the “Guarantor”), in favor of Tufco Technologies, Inc., a Delaware corporation (the “Company”).
