Agreement Regarding Funding (October 29th, 2004)
THIS AGREEMENT REGARDING FUNDING (this Agreement) is made as of October 28, 2004, by Triyar Capital, LLC, a Delaware limited liability company (Triyar), in favor of Home Products International, Inc., a Delaware corporation (the Company).
October 15, 2004 (October 15th, 2004)
This proposal is not conditioned on any agreement with any holder of notes outstanding under the Indenture (defined below).
TRIYAR CAPITAL, LLC September 23, 2004 (September 24th, 2004)
Triyar Capital, LLC (Triyar), Equity Group Investments, L.L.C. (EGI) and Joseph Gantz (together, the Investors) are pleased to submit this revised proposal, with your prior permission, for the acquisition, by a company to be formed by them (Newco), of the entire equity interest in Home Products International, Inc. (the Company) for $1.75 a share in cash without interest (the Merger Price) through a merger (the Merger) in which the Company would be the surviving corporation. Please also note that this revised proposal replaces and supercedes, in its entirety, the proposal letter, dated August 20, 2004, submitted by Triyar and Mr. Gantz to the Special Committee (the Initial Proposal).