______
DISCLOSURE SCHEDULES TO ASSET PURCHASE AGREEMENT
by and among
GENMAR HOLDINGS, INC., GENMAR INDUSTRIES, INC., GENMAR IP, L.L.C., GENMAR MICHIGAN, L.L.C., GENMAR MINNESOTA, INC., GENMAR TENNESSEE, INC., GENMAR TRANSPORTATION, INC., WOOD MANUFACTURING COMPANY, INC.
and
PROJECT BOAT HOLDINGS, LLC
Dated as of November 27, 2009 ______
This disclosure schedule is qualified in its entirety by reference to specific provisions of the above-referenced Asset Purchase Agreement (the “Agreement”), and is not intended to constitute, and shall not be construed as constituting, any representations or warranties of any party thereto except as and to the extent provided for in the Agreement, subject to the limitations therein. Certain of the information contained in this disclosure schedule may not be required to be disclosed pursuant to the Agreement. Such information is included solely for informational purposes, and disclosure of such information shall not be deemed to enlarge or enhance any of the representations or warranties in the Agreement. Disclosures by attachments to this disclosure schedule are deemed as though made herein. Capitalized terms used in this disclosure schedule and not otherwise defined therein shall have the respective meanings assigned to such terms in the Agreement. Headings have been inserted in this disclosure schedule for convenience of reference only and shall not have the effect of amending or changing the information presented. Disclosures in a particular Schedule shall be deemed to be and shall be included in all other Schedules to the extent that it is readily apparent on the face of such disclosures that such disclosures are relevant to such other Schedules without need for repetition or cross references.
DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(a) –– REAL PROPERTY1
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
Sarasota, Florida 1715 67th Avenue East, Sarasota, FL 34243
BEG AT THE SE COR OF THE S 1/2 OF NW 1/4 OF SW 1/4 OF SEC 19; & THENCE W 445 FT; N 126.5 FT, W 15FT, N 126.5 FT, E 460 FT, S 253 FT TO THE POB; LESS THE RAILWAY R/W ON THE E AND BEING A PART OF BLK C JOHN WESLEY PARK PER PLAT THERE OF REC IN PB 7 PG 9 PRMCF; AND LESS RD R/W ALONG S BOUNDARY (1775/5851) P-25 P-27 P-28
PI # 18646.0000/0
7150 15th Street, Sarasota, FL 34243
The Northeast ¼ of the Southeast ¼ of the Northeast ¼ of Section 25, Township 35 South, Range 17 East, Manatee County, Florida, LESS the East 50 feet thereof.
1651 Whitfield Avenue, Sarasota, FL 34243
TRACT 3:
Beginning at the Southeast corner of the South ½ of the Northwest ¼ of the Southwest ¼ of Section 19, Township 35 South, Range 18 East; thence West 445 feet; thence North 126.5 feet; thence West 15 feet; thence North 126.5 feet; thence East 460 feet; thence South 253 feet to the Point of Beginning, LESS the railway right-of-way on the East side, and being in the JOHN WESLEY PARK SUBDIVISION, as per plat thereof recorded in Plat Book 7, page 9, of the public records of Manatee County, Florida, and LESS road right-of-way along South boundary. Lying and being in Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
TRACT 6, PARCEL I:
Begin at a point 50 feet East of the Southwest corner of the South ½ of the Northwest ¼ of the Southwest ¼ of Southwest ¼ of Section 19, Township 35 South, Range 18 East; thence go Northerly along a line which is 50 feet East of the West line of said Northwest ¼ of the Southwest ¼ of the Southwest ¼ a distance of 330 feet, the last described line being the East right-of-way line of U.S. Highway 301; thence go Easterly parallel to the South line of said Northwest ¼ of the Southwest ¼ of the Southwest ¼ a distance of 200 feet; thence go Southerly a distance of 330 feet, more or less, to a point which is 197.5 feet East of the Point of Beginning on the said South line of the
1 In the event of a conflict between the legal descriptions set forth herein and the updated title reports to be delivered to Buyer pursuant to Section 5.10 of the Agreement, the updated title reports shall control. Notwithstanding the foregoing, nothing contained in this footnote shall operate to, in and of itself, create a deemed breach under the Agreement. - 2 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
Northwest ¼ of the Southwest ¼ of the Southwest ¼; thence go Westerly a distance of 197.5 feet to the Point of Beginning. Situate in Manatee County, Florida.
TRACT 6, PARCEL II:
Commence at the Southeast intersection of 67th Avenue West and State Road 683, and run thence East along the South line of 67th Avenue West 613 feet; run thence South 320 feet to the Point of Beginning; continue thence South 344.55 feet; run thence West 415.27 feet to the lands of John L. Legault and Annelotte L. Legault, described in Official Records Book 615, page 96, of the public records of Manatee County, Florida; run thence North and along the East line of the lands of John L. Legault and Annelotte L. Legault, 329.45 feet to the Northeast corner thereof; run thence East 112 feet; run thence North 15.10 feet, more or less, to the North line of the lands of the seller, run thence East 311.15 feet to the Point of Beginning. Situate in Manatee County, Florida, LESS the East 253 feet thereof. Lying and being in Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
TRACT 7:
The East 253 feet of the following described land:
Commence at the Southeast intersection of 67th Avenue East and State Road 683; run thence East along the South line of said 67th Avenue East, 613 feet; thence South 320 feet to the Point of Beginning; thence continue South 344.55 feet; thence West 415.27 feet; thence North 329.45 feet; thence East 112 feet; thence North 15.1 feet, more or less; thence East 311.15 feet to the Point of Beginning, as described in Official Record Book 902, page 1694, of the public records of Manatee County, Florida. Lying and begin in Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
TRACT 8:
Commence at the Southwest corner of Section 19, Township 35 South, Range 18 East; thence East along the South line of said Section 19 (also being the centerline of Whitfield Avenue) 642.08 feet; thence North 00°21’42” West parallel to the West line of said Section 19, 30.00 feet to the intersection with the North right-of-way of said Whitfield Avenue, for a Point of Beginning; thence continue North 00°21’42” West along said line, 277.00 feet; thence West parallel to the South line of said Section 19, 243.61 feet; thence North 00°21’42” West parallel to the West line of said Section 19, 351.13 feet to the intersection with that certain Boundary Line Agreement, as recorded in Official Records Book 512, pages 682 through 691, of the public records of Manatee County, Florida; thence North 89°59’30” East along said Boundary Line Agreement, 264.07 feet; thence North 00°31’23” West along said Boundary Line Agreement, 344.63 feet; thence North 00°08’34” East along said Boundary Line Agreement, 330.67 feet to the intersection with the North line of the Southwest ¼ of the Southwest ¼ of said Section 19 (said point lying North 89°55’01” West 16.67 feet from the Northeast corner of the Northwest ¼ of the Southwest ¼ of the Southwest ¼); thence South 89°55’01” East along the North line of said Southwest ¼ of the Southwest ¼, 638.01 feet to the intersection with the West right-of-way of seaboard coast line railroad; thence South 00°28’12” East along said West right-of-way, 1302.56 feet to the intersection with the North right-of-way of said Whitfield Avenue; thence West along said North right-of-way, 662.87 feet to the Point of Beginning. Lying and being in the Southwest ¼ of the Southwest ¼ of Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
LESS AND EXCEPT:
The North 20.0 feet and the South 12.0 feet of the following described property for road right-of-way to the County of Manatee, Florida:
- 3 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
Begin at the Northeast corner of the Northwest ¼ of the Southwest ¼ of the Southwest ¼ of Section 19, Township 35 South, Range 18 East, Manatee County, Florida; thence South 89°55’01” East 638.01 feet; thence South 00°28’12” East 1302.56 feet; thence West 662.87 feet; thence North 00°21’42” West 277.0 feet; thence West 243.61 feet; thence North 00°21’42” West 351.13 feet; thence North 89°59’30” East 264.07 feet; thence North 00°31’23” West 344.63 feet; thence North 00°08’34” East 330.67 feet to the Point of Beginning.
All of the above being and lying in Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
TRACT 9:
Commence at the Southwest corner of Section 19; thence along the South line of said Section 19, also being the centerline of Whitfield Avenue, 642.08 feet; thence North 00°21’42” West parallel to the West line of Section 19, 30 feet to the intersection with the right-of-way of said Whitfield Avenue for a Point of Beginning; thence continue North 00°21’42” West along said line 277 feet; thence West parallel to the South line of Section 19, 243.61 feet; thence North 00°21’42” West 12.0 feet; thence South 89°59’30” West 348.50 feet to the East right-of-way of State Road 683 (Highway 301); thence South 00°21’42” East 90.00 feet; thence East parallel to the centerline of Whitfield Avenue, 200.00 feet; thence South 00°21’42” East 200.0 feet; thence East along said North right-of-way, 392.08 feet to the Point of Beginning, located in Section 19, Township 35 South, Range 18 East, Manatee County, Florida.
TOGETHER WITH a perpetual non-exclusive easement for ingress and egress recorded in Official Records Book 1108, page 3296, of the public records of Manatee County, Florida, from U.S. Highway 301 to the above described parcel over the lands retained by First National Bank of Florida and lying immediately North of the above described parcel, over the existing driveways located thereon, PROVIDED, Wellcraft Marine Corp., or its assigns, shall be permitted to change the location of said easement provided there remains a paved 24 foot wide right-of-way from U.S. Highway 301 to the property described hereinabove. Said easement shall be maintained by First National Bank of Florida, its successors or assigns.
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
Cadillac, Michigan 925 Frisbie Street, Cadillac, MI 49601
Parcel 1:
The West ½ of Outlot B, and Lot 4, Cadillac Industrial Park Plat, according to the plat thereof as recorded in Liber 6 o f Plats, pages 293 and 294, Wexford County Records, and the North ½ of the Southwest ¼ of the Northeast ¼ of Section 32, Town 22 North, Range 9 West, City of Cadillac, Wexford County, Michigan, Except the West 904.21 feet commencing at the North ¼ corner of Section 32; thence South 00° 02’ 38” West 1319.91 feet to the North 1/8 line; thence North 89° 57’ 06” East 904.21 feet along said 1/8 line to the Southwest corner of Lot 4 and the point of beginning; thence continuing along the North 1/8 line 414.13 feet to the East 1/8 line; thence South 00° 03’ 14” East 329.21 feet along said East 1/8 line; thence South 89° 54’ 57” West 414.69 feet; thence North 00° 02’ 38” East 329.47 feet to the point of beginning.
- 4 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
Parcel 2:
Lot 5 and entire Lot 6 and Outlot A, Cadillac Industrial Park Plat, according to the plat thereof as recorded in Liber 6 of Plats, pages 293 and 294, Wexford County Records.
Parcel 3:
Lot 8, Cadillac Industrial Park Plat, according to the plat thereof as recorded in Liber 6 of Plats, pages 293 and 294, Wexford County Records.
Parcel 4:
Lot 9, Cadillac Industrial Park Plat, according to the plat thereof as recorded in Liber 6 of Plats, pages 293 and 294, Wexford County Records.
Parcel 5:
Lots 12 through 16, Block198, and ½ vacated adjacent alleys and streets, Improvement Board’s Addition, according to the plat thereof as recorded in Liber 1 of Plats, page 80, Wexford County Records.
Parcel 6:
Lots 1 and 2, Block 198, and the East ½ vacated alley, Improvement Board’s Addition, according to the plat thereof as recorded in Liber 1 of Plats, page 80, Wexford County Records.
Parcel 7:
Block 211, and vacated East and West alley, and East ½ vacated 7th Avenue, and vacated 12th Street, Improvement Board’s Addition, according to the plat thereof as recorded in Liber 1 of Plats, page 80, Wexford County Records.
Parcel 8:
Lots 1 and 2, Block 212, and the West ½ of vacated 7th Avenue lying East of Lot 1, and North ½ vacated alley on South, Improvement Board’s Addition, according to the plat thereof as recorded in Liber 1 of Plats, page 80, Wexford County Records.
Parcel 9:
Lot 14, Harry Vanderjagt Industrial Park Plat, according to the plat thereof as recorded in Liber 7 of Plats, pages 360 through 364, Wexford County Records.
Parcel 10:
The West 904.24 feet of the North ½ of the North ½ of the Southwest ¼ of the Northeast ¼ of Section 32, Town 22 North, Range 9 West, City of Cadillac, Wexford County, Michigan.
Parcel 11:
That part of Government Lots 5 and 6 surrounding the point of intersection of the East and West ¼ line of Section 4 with the shore of Lake Cadillac in Section 4, Town 21 North, Range 9 West, City of Cadillac, Wexford - 5 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
County, Michigan, also a part of Lot 36 of Johnson’s Cadillac Shores Subdivision, according to the plat thereof as recorded in Liber 4 of Plats, page 136, Wexford County Records, described as beginning at a point located West along said East and West ¼ line 813.50 feet and on a curve to the left (radius = 1584.48 feet, chord bears North 23° 34’ 00” East 321.60 feet) a distance of 322.16 feet and West 324.16 feet and South 49° 40’ West 100.00 feet and South 65° 27’ 13” West 399.58 feet from the East ¼ corner of said Section 4, to the point of beginning; thence south 24° 31’ 04” East 149.81 feet; thence South 24° 32’ 34” East 30.00 feet; thence North 77° 41’ 48” West 49.92 feet; thence South 65° 26’ 00” West 185.00 feet to a point of traverse on the Easterly shore of Lake Cadillac; said point to be later referred to as first mentioned point in said traverse at water’s edge; thence continuing South 65° 26’ 00” West 9.00 feet more or less, to the water’s edge; thence Northerly, Easterly, Southerly and Easterly along water’s edge, 870.00 feet, more or less to a point of traverse, said point being located North 14° 00’ 00” West 218.00 feet and North 15° 41’ 29” West 209.90 feet and South 29° 01’ 22” East 100.71 feet and South 21° 17’ 17” East 89.46 feet and South 19° 12’ 26” East 37.10 feet and North 78° 42’ 42” East 152.75 feet from the first mentioned point in said traverse; thence South 24° 31’ 04” East 9.00 feet to the point of beginning.
Parcel 12:
Part of Lot 36 of Plat of Johnson’s Cadillac Shores, a portion of Government Lots 6 and 7 in the South ½ of Section 4, Town 21 North, Range 9 West, and a portion of the Northwest ¼ of the Northwest ¼ of Section 9, Town 21 North, Range 9 West, City of Cadillac, Wexford County, Michigan, according to the plat thereof as recorded in Liber 4 of Plats, page 136, Wexford County Records, described as beginning at the Southeast corner of said Lot 36; thence South 74° 22’ 02” West along the South line of said Lot 200.09 feet; thence North 06° 07’ 00” East 111.80 feet; thence North 65° 26’ 00” East 141.37 feet; thence South 77° 41’ 48” East 49.92 feet; thence South 24° 34’ 00” East 36.00 feet; thence North 65° 26’ 00” East 8.63 feet; thence on a curve to the right (radius = 54.15 feet, chord bears South 04° 13’ 00” West 52.15 feet) a distance of 54.14 feet; thence South 33° 00’ 00” West 28.90 feet to the point of beginning.
Parcel 13:
Lots 3, 4, 5 and 6, Block 198, together with the East ½ of vacated North-South alley on the West.
Lots 1, 2, 3, 12, 13, 14, 15, and 16 together with the East ½ of the vacated Seventh Avenue on the West, the North ½ of the vacated East-West alley on the South, Block 195.
Lots 1, 2, 3, 4, 5, and 6 together with the East ½ of the vacated Eighth Avenue on the West, the North ½ of the vacated East-West alley on the South, the West ½ of the vacated Seventh Avenue on the East, Block 196, Vacated Eleventh Street lying East of centerline of Eighth Avenue and running Easterly to the West right of way line of Sixth Avenue Southerly of Blocks 197 and 198.
Lots 7, 8, 9, 10, and 11 together with the West ½ of the vacated North-South alley on the East, the South ½ of the vacated East-West alley on the North, the East ½ of the vacated Seventh Avenue on the West, Block 198.
All in Plat of the Improvement Board’s Addition to the City of Cadillac, according to the plat thereof as recorded in Liber 2 of Plats, page 41, Wexford County Records.
Parcel 14:
The South ½ (S ½) of North Half (N ½) of the Southwest quarter (SW ¼) of the Northeast quarter (NE ¼), Section 32, Town 22 North, Range 9 West.
- 6 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
GENMAR MINNESOTA, INC.
None.
GENMAR TENNESSEE, INC.
Murfreesboro, Tennessee 880 Butler Road, Murfreesboro, TN 37127
The property is located in the City of Murfreesboro, Rutherford County, Tennessee, and is legally described as follows:
A tract of land in the 13th Civil District of Rutherford County, Tennessee, being more particularly described as follows:
Beginning at an existing iron pin on the southwesterly margin of Butler Drive (80’ right-of-way), said point being the northeasterly corner of Lot One of Section One, American Development Corp. Industrial property, as of record in Plat Book 8, Page 46, R.O.R.C., Tennessee, said point also being south 8,218.5 feet more or less from the centerline intersection of Interstate 24 and Shelbyville Highway, U.S. 231, State Route 10, as measured along the centerline of Interstate 24; thence,
1. Leaving the southwesterly margin of Butler Drive and with the northerly line of Lot One, Section One of American Development Corp. Industrial property, S 69º 31’ 00” W, a distance of 1,920.76 feet to an existing iron pin; thence,
2. With the Butler Manufacturing Company’s easterly line N 3º 56’ 20” E, a distance of 854.08 feet to an iron pin set; thence,
3. Leaving the Butler Manufacturing Company’s easterly line and with a new line, N 69º 31’ 00” E, a distance of 1,422.19 feet to an iron pin set on the southwesterly margin of Butler Drive; thence,
4. With a 5,499.48 foot radius curve to the left, a distance of 769.34 feet to an iron pin set, said curve has a chord bearing and distance of S 31º 11’ 28” E, 768.72 feet; thence,
5. S 27º 11’ 00” E, a distance of 22.48 feet to the point of beginning and containing 1,307,337 square feet or 30.012 acres more or less.
Being the same property conveyed to Stratos Boats, Inc., a Delaware corporation by deed from The Industrial Development Board of Rutherford County, Tennessee, a Tennessee public, non-profit corporation of record in Record Book 797, page 3398, Register’s Office for Rutherford County, Tennessee.
WOOD MANUFACTURING COMPANY, INC.
Flippin, Arkansas 96 Ranger Road, Flippin, AR 72634
TRACT I A TRACT OF LAND BEING A PART OF THE SE1/4 OF THE NE1/4 AND A PART OF THE NE1/4 OF THE SE1/4 OF SECTION 18 AND A PART OF THE SW1/4 OF THE NW1/4 AND A PART OF THE NW1/4 OF THE SW1/4 OF SECTION 17, ALL IN T-19-N, R-15-W, MARION COUNTY, ARKANSAS, AND BEING
- 7 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
MORE PARTICULARLY AS FOLLOWS: FROM THE ¼ CORNER OF SECTIONS 17 AND 18, GO S89°34’35”W A DISTANCE OF 385.60 feet TO THE EAST RIGHT-OF-WAY OF ARKANSAS STATE HIGHWAY No. 178 TO THE POINT-OF-BEGINNING OF THE TRACT BEING DESCRIBED: THENCE ALONG SAID RIGHT-OF-WAY THE FOLLOWING BEARINGS AND DISTANCES: N00°11’51”E, 438.81 feet; THENCE N00°17’56”E, 150.00 feet; THENCE N88°27’44”E, 210.00 feet (CALL N88°27’48”E) THENCE S00°17’56”W, 150.00 feet; THENCE S00°30’00”E, 66.00 feet; THENCE N89°20’00”E, 390.00 feet; THENCE S00°14’00”W, 907.30 feet; THENCE S83°24’00”W, 395.00 feet; THENCE S00°09’00”W, 500.00 feet TO THE NORTH RIGHT-OF-WAY OF A COUNTY ROAD; THENCE ALONG SAID RIGHT-OF-WAY S84°11’00”W 210.00 feet TO THE EAST RIGHT-OF-WAY OF ARKANSAS HIGHWAY NO. 178; THENCE ALONG SAID RIGHT-OF-WAY THE FOLLOWS: N00°09”00’E 500.00 feet; THENCE N00°17’30”E, 591.00 feet TO THE POINT-OF-BEGINNING.
TRACT II A TRACT OF LAND BEING A PART OF THE SE1/4 OF THE NE1/4 AND A PART OF THE NE1/4 OF THE SE1/4 OF SECTION 18 AND PART OF THE SW1/4 OF THE NW1/4 AND PART OF THE NW1/4 OF THE SW1/4 OF SECTION 17, ALL IN T-19-N, R-15-W, MARION COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FROM THE SOUTHEAST CORNER OF THE SE1/4 NE1/4 OF SECTION 18 (3/8” REBAR), THENCE GO ALONG THE FORTY LINE S89°34’35”W -385.60 feet TO THE EAST RIGHT-OF-WAY LINE OF ARKANSAS HIGHWAY NO. 178; THENCE GO ALONG SAID RIGHT-OF-WAY THE FOLLOWING BEARING AND DISTANCES: S00°17’30”W, 591.00 feet; THENCE S00°09’00”W-500.00 feet TO THE NORTH LINE OF A COUNTY ROAD (3/8” REBAR); THENCE LEAVING HIGHWAY RIGHT-OF-WAY, GO ALONG THE NORTH LINE OF A COUNTY ROAD N84°11’00”E, 210.00 feet TO A 3/8” REBAR BEING THE POINT-OF-BEGINNING OF TRACT BEING DESCRIBED: THENCE CONTINUE ALONG SAID NORTH LINE OF COUNTY ROAD N84°08’19”E, 738.68 feet TO A 3/8” REBAR; THENCE N01°57’34”W, 1607.68 feet (CALL N01°57’35”W-1607.78 feet) TO A 3/8” REBAR; THENCE S88°27’48”W, 672.47 feet TO A 3/8” REBAR; THENCE S00°17’56”W, 150.00 feet TO A 1/2” REBAR; THENCE S00°30’00”E, 66.00 feet TO A 1/2” REBAR; THENCE N89°20’00”E, 390.00 feet TO A 3/8” REBAR; THENCE S00°14’00”W, 907.30 feet TO A 3/8” REBAR; THENCE S83°24’00”W, 395.00 feet TO A 3/8” REBAR; THENCE S00°09’00”W, 500.00 feet TO THE POINT-OF-BEGINNING.
TRACT III A TRACT OF LAND BEING A PART OF THE NE1/4 OF THE SE1/4 AND PART OF THE SE1/4 OF THE SE1/4 OF SECTION 18 AND A PART OF THE NW1/4 OF THE SW1/4 AND A PART OF THE SW1/4 OF THE SW1/4 OF SECTION 17, ALL IN T-19-N, R-15-W, MARION COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FROM THE S1/16 CORNER BETWEEN SECTIONS 17 AND 18, GO N64°37’00”W, 451.88 feet TO A 3/8” REBAR AT THE INTERSECTION OF THE EAST RIGHT-OF-WAY OF ARKANSAS HIGHWAY NO. 178 AND THE SOUTH RIGHT-OF-WAY OF A COUNTY ROAD, SAID REBAR BEING THE POINT-OF-BEGINNING FO THE TRACT BEING DESCRIBED; THENCE ALONG THE SOUTH RIGHT-OF-WAY OF COUNTY ROAD N84°21’52”E, 940.97 feet TO A 1/2 REBAR; THENCE LEAVING SAID ROAD S01°57’33”E, 747.25 feet (CALL S01°57’35”E) TO A 1/2” REBAR ON THE NORTHERLY RIGHT-OF-WAY OF ARKANSAS HIGHWAY NO. 980; THENCE ALONG SAID HIGHWAY RIGHT-OF-WAY S79°09’04”W, 973.97 feet TO A 1/2” REBAR ON THE EAST RIGHT-OF-WAY OF ARKANSAS HIGHWAY NO. 178; THENCE GO ALONG SAID HIGHWAY RIGHT- OF-WAY N00°22’11”W, 837.75 feet TO THE POINT-OF-BEGINNING.
TRACT IV Part of the W ½ of Section 17 and part of the E ½ NE ¼ of Section 18, Township 19 North, Range 15 West, Marion County, Arkansas, described as follows: From the corner to Sections 7, 8, 17 and 18 of said Township 19 North, Range 15 West, the point of Beginning of the tract being described, go South 87°39’35” East 1320.57 feet to the NE corner of the NW ¼ NW ¼ Section 17; Then go South 01°13’05” West 1336.36 feet to the SE corner of - 8 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
the said NW ¼ NW ¼ Section 17; Then go South 00°49’35” West 1286.66 feet to the SE corner of the SW ¼ NW ¼ Section 17; Then go along the north boundary of the NE ¼ SW ¼ South 87°26’31” East 370.34 feet to a point in the centerline of a creek; Then go along said centerline the following: South 17°38’13” East 87.11 Feet; South 44°15’11” West 115.77 feet; South 33°34’02” West 218.26 feet; South 08°08’34” West 200.68 feet; South 24°37’53” West 140.58 feet; South 48°56’05” East 79.11 feet to a point on the north boundary of the county road; Then go along said boundary of the county road the following: South 51°25’50” West 306.16 feet to a ½ inch rebar; South 85°15’10” West 732.44 feet to a ½ inch rebar; Then go North 00°00’56” West 1607.43 feet to a 3/8 inch rebar; Then go North 89°31’ 19” West 406.44 feet to a 3/8 inch rebar; Then go North 89°40’54” West 265.99 feet to a ½ inch rebar; Then go North 02°14’29” East 414.00 feet to a set 3/8 inch rebar; Then go South 87°16’53” West 74.00 feet to a 3/8 inch rebar; Go North 02°18’36” East 172.00 feet a 3/8 inch rebar; Then go North 89°31’32” West 136.00 feet to a set 3/8 rebar on the apparent right of way of Arkansas Highway 178, 25 feet from centerline; Then go along said apparent right of way the following: North 03°42’40” East 69.34 feet; North 01°09’57” Wet 63.98 feet; North 10°01’13” West 36.74 feet to a set 3/8” rebar; Then go South 89°03’49” East 257.01 feet to a set 3/8 inch rebar; Then go North 01°20’00” West 318.00 feet to a 3/8 inch rebar; Then go South 84°10’46” West 173.56 feet to a 3/8 inch rebar; Then go North 49°51’46” West 149.54 feet to a 3/8 inch rebar; Then go North 47°33’21” West 50.10 feet to a 3/8 inch rebar; Then go North 46°20’01” West 103.47 feet to a car axle; Then go North 75°51’55” East 264.00 feet to a set 3/8 inch rebar; Then go North 03°44’00” West 231.00 feet to a set 3/8 inch rebar; Then go North 84°16’30”West 108.95 feet to a 3/8 inch rebar; Then go North 05°18’19” East 513.36 feet to a 3/8 inch rebar; Then go South 88°35’59” East 361.40 feet to the Point of Beginning.
GENMAR TRANSPORTATION, INC.
None.
- 9 - SCHEDULE 1.1(a) –– REAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(b) –– LEASED PROPERTY
GENMAR HOLDINGS, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR INDUSTRIES, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR IP, L.L.C.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR MICHIGAN, L.L.C.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR MINNESOTA, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR TENNESSEE, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
WOOD MANUFACTURING COMPANY, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
GENMAR TRANSPORTATION, INC.
No Real Property Leases. See Schedule 1.1(d) for personal property leases.
- 10 - SCHEDULE 1.1(b) –– LEASED PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(c) –– OWNED MACHINERY AND EQUIPMENT
GENMAR HOLDINGS, INC.
See attached
GENMAR INDUSTRIES, INC.
See attached
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
See attached
GENMAR MINNESOTA, INC.
See attached
GENMAR TENNESSEE, INC.
See attached
WOOD MANUFACTURING COMPANY, INC.
See attached
GENMAR TRANSPORTATION,, INC.
See attached
- 11 - SCHEDULE 1.1(c) –– OWNED MACHINERY AND EQUIPMENT DC\1260614.7 Genmar Holdings, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
Machinery & Equipment 000667 Switches 04/01/08$ 32,542 $ 18,983 000660 Shelving for Records Mgmt dept 09/30/07$ 17,146 $ 12,860 000589 Infusion Project 09/01/06$ 21,375 $ 12,723 000665 Qlik View Server, License & maint. agreements 03/01/08$ 20,138 $ 11,188 Other $ 6,022
Schedule 1.1(c) - Owned Machinery and Equipment Page 1 of 18 Genmar Industries, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
Building - Florida 000095 Administration Building 06/30/03$ 2,643,649 $ 1,265,938 000109 1986 Buildings 06/30/03$ 1,765,301 $ 150,130 000097 1982 Building Improvements 06/30/03$ 1,209,975 $ 137,692 000092 Complete new stockroom building 06/30/03$ 202,988 $ 82,986 000110 Recycle Plant 08/01/05$ 88,998 $ 82,509 000090 Complete Stockroom addition 06/30/03$ 55,895 $ 22,855 000093 New stockroom building 06/30/03$ 52,695 $ 21,600 000107 1985 Buildings 06/30/03$ 221,562 $ 10,731 Other $ 24,075
Building Improvement - Florida 000340 Ventalization System 06/01/05$ 579,500 $ 400,821 000148 Plant 1 - Vec Modifications (Phase 3) 06/30/03$ 682,253 $ 230,389 000125 Facility Modifications for VEC Project 06/30/03$ 479,709 $ 105,022 000127 Restructure Plant 6 Assem. Lines 06/30/03$ 348,548 $ 79,317 000313 Remodeling - Plt. 1 10/15/04$ 117,799 $ 73,624 000314 Remodeling - Plt. 6 10/15/04$ 90,279 $ 56,424 000149 Line Revisions 06/30/03$ 130,315 $ 45,636 000337 Metal Wall, lamination Bldg 06/01/05$ 53,850 $ 37,246 000255 Renovations 06/30/03$ 189,484 $ 35,224 000334 Fast Seal Door System 06/01/05$ 42,110 $ 29,126 000335 Fans, M# WAF-48 (14) 06/01/05$ 39,755 $ 27,497 000134 Roof Addition 06/30/03$ 62,021 $ 21,720 000327 Lighting Upgrade 01/06/05$ 31,253 $ 20,314 000268 Gutters on Lamination Bldg 06/30/03$ 41,865 $ 20,093 000321 Remodeling 11/15/04$ 30,400 $ 19,253 000326 Metal Walls East & West 01/15/05$ 28,400 $ 18,460 000231 Renovations 06/30/03$ 198,647 $ 17,064 000315 Duct Work 10/15/04$ 26,467 $ 16,542 000311 Ventilation Ductwork 09/01/04$ 26,467 $ 16,321 000365 Replace Water Lines & Valves 05/01/07$ 18,083 $ 15,974 000350 480 & 120 Panels Electrical Upgrade 03/01/06$ 20,660 $ 15,839 000320 Remodeling - Plant 1 & Plant 3 11/15/04$ 24,875 $ 15,754 000325 Electrical work on Engineering office 12/31/04$ 23,042 $ 14,977 000333 Air Conditioner 25 Ton 06/01/05$ 20,404 $ 14,112 000336 Gas line repair 06/01/05$ 19,868 $ 13,742 000263 Upholstery Shop 06/30/03$ 71,892 $ 13,364 000323 Engineering Office 11/15/04$ 19,500 $ 12,350 000316 Plumbing Reconfiguration 10/15/04$ 19,750 $ 12,344 000234 Revovations 06/30/03$ 177,070 $ 12,313 000308 Restroom 03/01/04$ 19,609 $ 11,112 000310 25 ton Air Conditioner rooftop unit 06/01/04$ 17,993 $ 10,646 000339 Sprinkler System (Mezzanine Area) 06/01/05$ 14,973 $ 10,356 Other $ 259,322
Schedule 1.1(c) - Owned Machinery and Equipment Page 2 of 18 Genmar Industries, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
Land Improvement 000413 Gates & Fencing - Finished Goods Storage 06/30/03$ 37,801 $ 16,942 000414 Land Prep - Finished Goods Storage 06/30/03$ 30,182 $ 13,527 Other $ 62,708
Land - Florida 000421 Pre 1987 Land Balances 12/31/86$ 765,112 $ 765,112 000417 1987 Land Additions 12/31/87$ 370,449 $ 370,449 000419 1989 Land Additions 12/31/89$ 326,833 $ 326,833 000418 1988 Land Additions 12/31/88$ 262,756 $ 262,756 000420 1990 Land Additions 12/31/90$ 1,525 $ 1,525
Schedule 1.1(c) - Owned Machinery and Equipment Page 3 of 18 Genmar Michigan, L.L.C. - GENMAR 1 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
Land 000223 LAND - INGRAHAM PURCHASE 09/01/03$ 168,412 $ 168,412 000338 ENVIRONMENTAL COSTS ASSOCIATED WITH 10/01/04$ 150,000 $ 150,000 LAND 000380 T & D LAND 11/01/05$ 49,131 $ 49,131 000562 1002 Sixth St Land 08/26/08$ 34,667 $ 34,595 000260 EXCAVATING - INGRAHAM LAND 12/01/03$ 23,560 $ 23,560 000238 LAND - CITY PURCHASE LEGAL FEES 10/01/03$ 20,471 $ 20,471 000185 LAND - WEXFORD TITLE 06/01/03$ 20,000 $ 20,000 000292 INGRAHAM LAND 02/01/04$ 15,704 $ 15,704 000228 LAND - CITY PURCHASE 10/01/03$ 12,044 $ 12,044 000224 LAND - INGRAHAM 09/01/03$ 11,516 $ 11,516 000248 LAND - CITY PURCHASE 11/01/03$ 9,234 $ 9,234 000225 LAND - CITY 09/01/03$ 2,500 $ 2,500 000004 10 ASSETS AT $1 EACH 03/06/01$ 10 $ 10
Land Improvement 000422 Hazmat Receiving Area Concrete 06/01/06$ 65,000 $ 51,639 000465 Excavating Sport Plant for Mold Storage 10/01/07$ 48,694 $ 40,172 000418 CRUISER CONCRETE ALLEY 04/01/06$ 40,005 $ 31,337 000432 TRAILER CONCRETE DRIVEWAY 09/01/06$ 24,915 $ 17,856 000318 CONCRETE SLAB REPLACEMENT IN SHIPPING 07/01/04$ 25,450 $ 16,967 000416 PAVE SHIPPING AREA TO RACKS 04/01/06$ 19,675 $ 15,412 000371 CRUISER PLANT ALLEY CONCRETE 06/01/05$ 25,000 $ 14,792 000358 IMPROVEMENTS TO RECEIVING - EXCAVATING 05/01/05$ 21,301 $ 12,425 000471 Fencing for Sport Plant North Parking Lot 10/29/07$ 13,964 $ 11,637 000352 FENCE AROUND INGRAHAM PROPERTY 02/01/05$ 18,080 $ 10,095 Other $ 42,935
Buildings - Brick 000477 Cruiser Plant Addition 12/01/07$ 1,671,056 $ 1,604,910 000570 connect cruiser to cabinetry 01/15/09$ 1,327,758 $ 1,307,012 000564 cabinetry Plant 09/01/08$ 405,996 $ 397,538 000382 T & D BUILDING - IFT 11/01/05$ 308,306 $ 272,979 000182 HAZARDOUS MATERIAL BUILDING 06/01/03$ 295,579 $ 239,388 000383 T & D BUILDING 11/01/05$ 254,884 $ 225,679 000433 MDC COLD STORAGE 10/01/06$ 62,107 $ 56,770 000296 ENGINEERING ROOF 03/01/04$ 120,025 $ 56,012 000209 CRUISER SHIPPING EXPANSION 08/01/03$ 126,075 $ 51,481 000326 PRE-CONSTRUCTION PHASE SERVICES 08/01/04$ 93,910 $ 47,738 000155 COLD STORAGE BUILDING 01/01/03$ 45,250 $ 33,485 000213 CABINETRY DUST COLLECTOR BUILDING 09/01/03$ 47,030 $ 19,596 000490 Cruiser Addition 02/01/08$ 20,000 $ 19,292 000053 RUBBER ROOF OFFICE/LAMO/UPH 03/01/02$ 68,000 $ 17,000 000181 CRUISER CRANE UPGRADE 06/01/03$ 37,000 $ 14,492 000044 RUBBER ROOF OF LAMINATION 01/07/02$ 56,500 $ 14,125
Schedule 1.1(c) - Owned Machinery and Equipment Page 4 of 18 Genmar Michigan, L.L.C. - GENMAR 1 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
000566 Lakeshore Linen Purchase 01/05/09$ 14,276 $ 14,097 000315 RESURFACE FLOOR RESIN ROOM 06/01/04$ 25,300 $ 12,439 000097 RUBBER ROOF ASSEMBLY 04/10/02$ 41,746 $ 10,437 000117 OVERHEAD DOORS IN SHIPPING 06/01/02$ 34,274 $ 9,996 Other $ 31,593
Building Improvements 000569 Linen renovations 01/15/09$ 589,076 $ 559,622 000571 T&D renovation 01/15/09$ 405,751 $ 385,463 000499 Joining of Cruiser to Cabinetry 05/25/08$ 390,851 $ 380,265 000578 T & D building - roof 02/02/09$ 154,800 $ 148,350 000482 Building Improvements for Wellcraft 12/01/07$ 67,623 $ 64,946 000419 Cruiser Plant Hazmat Room Upgrades 05/01/06$ 74,576 $ 50,960 000459 AIR QUALITY IMPROVEMENTS IN SPORT 06/01/07$ 59,428 $ 47,047 LAMINATION 000448 LARGER DOOR & CRANE FOR CRUISER 04/01/07$ 57,858 $ 44,840 000415 MDC LEAN TO 04/01/06$ 63,460 $ 42,836 000386 SPRINKLER SYSTEM AT T & D 11/01/05$ 65,095 $ 41,227 000399 AIR MAKEUP UNIT 11/01/05$ 61,991 $ 39,261 000539 Furnace in Engineering Building 07/01/08$ 41,500 $ 37,350 000572 Lakeshore Linen Roof 01/15/09$ 37,605 $ 35,725 000430 MDC RACKING 09/01/06$ 38,652 $ 27,701 000401 HIGH SPEED OVERHEAD DOORS 12/01/05$ 40,000 $ 25,667 000470 ELECTRICAL WORK FOR COMPRESSOR 10/29/07$ 26,696 $ 25,584 000497 T & D Work 04/01/08$ 21,737 $ 19,020 000410 TRANSFORMER 01/01/06$ 27,366 $ 17,788 000403 WIRING FOR T & D - PHONES, ETC 12/01/05$ 26,494 $ 17,000 000560 paved parking lots improvement for Sport 08/25/08$ 17,967 $ 16,969 000561 Improved parking lots for Cruiser 08/25/08$ 17,967 $ 16,969 000391 ROOF VENTS & RUBBER COATING AT T & D 11/01/05$ 26,220 $ 16,606 000388 CONCRETE APPROACHES AT T & D 11/01/05$ 24,940 $ 15,795 000385 FILL IN THE PITS AT THE T & D 11/01/05$ 23,935 $ 15,159 000402 SPRINKLER PIPE 12/01/05$ 21,617 $ 13,871 000387 OVERHEAD DOORS AT T & D 11/01/05$ 21,880 $ 13,857 000577 Lamination to Cabinetry 02/02/09$ 13,643 $ 13,501 000431 MDC DOCKING PLATES 09/01/06$ 15,000 $ 10,750 Other $ 72,495
Machinery & Equipment 000563 Gerber Cutter 09/01/08$ 204,151 $ 179,823 000288 SMALL PARTS DUST & GEL UNITS 02/01/04$ 300,817 $ 137,875 000348 3 AXIS HIGH VELOCITY ROUTER 01/01/05$ 229,820 $ 126,401 000480 Wellcraft Equipment 12/01/07$ 135,854 $ 105,125 000289 SMALL PARTS EQUIPMENT 02/01/04$ 208,906 $ 95,749 000437 DUAL CATALYST CONVERSION PUMPS 11/01/06$ 72,153 $ 52,912 000446 GATOR GUARD COLOR SYSTEM 04/01/07$ 55,254 $ 42,822
Schedule 1.1(c) - Owned Machinery and Equipment Page 5 of 18 Genmar Michigan, L.L.C. - GENMAR 1 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
000581 Gel Booth Equipment 02/02/09$ 36,924 $ 35,215 000365 CRUISER PLANT LAMINATION EQUIPMENT 06/01/05$ 56,065 $ 33,172 000183 HAZARDOUS MATERIAL EQUIPMENT 06/01/03$ 81,538 $ 31,936 000458 QNW-502 AIR COMPRESSOR 06/01/07$ 38,019 $ 30,098 000412 SMALL PARTS GELCOAT EQUIPMENT 03/01/06$ 43,041 $ 28,694 000290 GEL PUMPS INTO FIRE STORAGE ROOM 02/01/04$ 45,992 $ 21,080 000510 WC - Hydraulic Positioning System for 340 Coastal 06/30/08$ 24,176 $ 20,349
000325 2 7.5 TON CRANES 08/01/04$ 34,340 $ 17,456 000356 WASTE SOLVENT TANKS 04/01/05$ 30,001 $ 17,251 000447 PORTABLE GEL UNITS FOR SS LINE 04/01/07$ 21,667 $ 16,792 000367 GALVANIZED TRAILER SPRAY 06/01/05$ 25,425 $ 15,043 000042 LAMINATION WALL MOUNTED GEL BOOTH 01/15/02$ 59,612 $ 14,903 000369 POSI TURNER - #20,000 06/01/05$ 24,342 $ 14,402 000507 WC - 352 Hull Mold Spinner w/ Hydraulic System 06/30/08$ 22,509 $ 14,256 000211 SHAWBOX WIRE ROPE HOISTS 08/01/03$ 31,168 $ 12,727 000551 WC - Fans (17) 06/30/08$ 14,747 $ 11,849 000317 GELCOAT SYSTEM - 3 06/01/04$ 22,430 $ 11,028 000400 HOISTS 11/01/05$ 16,988 $ 10,759 000195 PAINT/PRIMER SYSTEM 07/01/03$ 26,292 $ 10,517 000491 Diesel Storage 02/01/08$ 12,056 $ 10,348 000486 WELLCRAFT SPRAY FOAM SYSTEM 01/15/08$ 11,775 $ 10,009 000350 LAMINATION COMPRESSOR 01/01/05$ 18,094 $ 9,951 Other $ 244,470
Office Funiture & Fixtures 000462 Syteline Software 07/01/07$ 660,951 $ 461,617 000568 Network Storage 01/15/09$ 62,560 $ 51,855 000463 Syteline Software 08/01/07$ 68,710 $ 49,897 000438 TIME & ATTENDANCE PROGRAM 12/31/06$ 70,416 $ 11,736 Other $ 32,885
Transportation Equipment 000484 2007 Chevy Silverado Pickup Truck 01/08/08$ 28,034 $ 19,624 000413 HYDRAULIC TRAILER 04/01/06$ 48,950 $ 17,133 000468 2007 CHEVY SILVERADO LS 11/07/07$ 24,943 $ 16,629 000469 2007 CHEVY SILVERADO 11/07/07$ 24,111 $ 16,074 000443 OTTAWA SPOTTING TRACTOR 03/01/07$ 30,100 $ 16,053 Other $ 6,327
Tooling 000460 458 Vista Tooling 07/01/07$ 1,410,883 $ 470,294 000574 SL 222 01/15/09$ 263,315 $ 219,430 000500 242 SL (CL) TOOLING 05/01/08$ 277,393 $ 169,518 000461 SL262 TOOLING 07/01/07$ 465,344 $ 155,115 000435 338 VISTA TOOLING 11/01/06$ 614,899 $ 68,322
Schedule 1.1(c) - Owned Machinery and Equipment Page 6 of 18 Genmar Michigan, L.L.C. - GENMAR 1 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009
In Service Assets Description Date Cost Net Book Value
000474 458 VISTA TOOLING 11/26/07$ 70,356 $ 33,224 000464 248 Vista Tooling 08/01/07$ 67,311 $ 24,307 000444 MODEL DESIGNATOR TOOLING FOR ALL 04/01/07$ 56,596 $ 14,149 MODELS 000475 SL262 TOOLING 11/26/07$ 24,437 $ 11,540 Other $ 17,797
Wellcraft Tooling 000537 WC - Tooling, 340 Coastal 06/30/08$ 682,008 $ 397,838 000536 WC - Tooling, 210 Coastal 06/30/08$ 429,605 $ 250,603 000576 210 Fisherman 01/15/09$ 186,449 $ 155,374 000575 210 Sportsman 01/15/09$ 165,783 $ 138,152 000532 WC - Tooling, 30 Scarab Sport 06/30/08$ 261,962 $ 80,044 000531 WC - Tooling, 27 Scarab Tournament 06/30/08$ 183,368 $ 76,403 000533 WC - Tooling, 30 Scarab Tournament 06/30/08$ 348,903 $ 29,075 000544 WC - Tooling, 27 Scarab Tournament 06/30/08$ 61,343 $ 28,266 Other $ 18,576
Schedule 1.1(c) - Owned Machinery and Equipment Page 7 of 18 Genmar Minnesota, Inc. - MY09 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Machinery & Equipment 001189 Jigs and Fixtures for Aluminum Hardtop for Cabrio 02/01/09$ 110,441 $ 105,839 370 - Located in Pulaski, WI 000721 Lectra Cutter (120") W/Opts Pl7 02/01/03$ 292,699 $ 104,884 001188 Jigs and Fixtures for Aluminum Hardtop for Cabrio 02/01/09$ 74,657 $ 71,546 350 - Located in Pulaski, WI [001061 BILOTTI CUTTER 02/01/07$ 301,329 $ 58,592 ] [000966 Paint Oven - Weather Rite 11/01/05$ 83,365 $ 52,798 ] 000715 Boat Storage Racking-Loading Pl5 01/01/03$ 149,487 $ 52,320 001183 AccuRouter Setup from Wellcraft 09/01/08$ 50,410 $ 44,409 [000577 Gerber Cutter #2 W/Table - Plt 2 AFE#805 02/01/01$ 221,212 $ 35,025 ] 000558 Upholstery Equipment - Plt 7 11/01/00$ 202,500 $ 27,000 001069 Embroidery Maching-4 Head 15 Needle 04/01/07$ 38,873 $ 26,378 001120 Powered Electric Walkie Lift Tow Tractor Rico 12/01/07$ 22,166 $ 18,656 RLTSEE 000624 Rebuilt CNC Wood Router 12/01/01$ 76,078 $ 18,385 001156 Pair 24' Custom Handling Boat Forks 05/01/08$ 16,498 $ 13,748 001118 Wave Scan DOI CULVER OR TRANSFER 04/24/06$ 19,193 $ 13,115 000716 Caterpillar Forklift W/Duals Plt7 01/01/03$ 31,781 $ 11,123 000919 Items For Deck Boat Line 06/01/05$ 55,387 $ 10,154 000832 Caterpillar Forklift Buyout - Plt 1 06/01/04$ 20,011 $ 9,839 Other $ 617,458
Schedule 1.1(c) - Owned Machinery and Equipment Page 8 of 18 Genmar Tennessee, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Tooling - Stratos 000464 STRATOS 201EV DECK PLUG 08/15/08$ 34,294 $ 23,815 000408 STRATOS DEEP V 1750 DECK PLUG 12/15/07$ 45,081 $ 21,288 000463 STRATOS 201EV HULL PLUG 08/15/08$ 27,980 $ 19,431 000502 STRATOS 294 PLUG DECK CONSOLES 09/15/08$ 25,196 $ 18,197 SHROUDS MASTER 000338 STRATOS 476FS DECK PLUG 06/15/07$ 52,415 $ 16,016 000402 STRATOS DEEP VEE 1750 HULL PLUG 11/15/07$ 29,782 $ 13,236 000460 STRATOS FENDER PLUG 08/15/08$ 14,586 $ 10,129 Other $ 217,480
Tooling - Champion 000537 CHAMPION 25 CC DECK PLUG 03/15/09$ 38,699 $ 34,399 000532 CHAMPION 25 CC VEC HULL PLUG 03/15/09$ 31,709 $ 28,186 000533 CHAMPION 25CC HULL PLUG 03/15/09$ 19,457 $ 17,295 000538 CHAMPION 25 CC LID PLUGS 03/15/09$ 14,910 $ 13,254 000531 CHAMPION 24 BAY DECK PLUG 01/15/09$ 15,167 $ 12,639 Other $ 142,017
LAND IMPROVEMENTS 000624 LAND IMPROVEMENTS - PA 03/06/01$ 39 $ 39 000817 REAR PARKING LOT LIGHTING 06/15/08$ 31,000 $ 28,761 000833 REAR PARKING LOT PAVING 09/15/08$ 202,681 $ 191,421
Leasehold 000750 GRINDING BOOTH DUST COLLECTION 02/15/07 $ 156,397 $ 118,601 000687 ROOF REPAIRS OLTMAN ROOFING 06/25/04$ 69,262 $ 34,631 000697 GRINDING BOOTHS 11/15/04$ 57,371 $ 30,598 000757 LEVEL FLOOR IN R&D 03/15/07$ 36,615 $ 28,072 000744 ENCLOSE AREA FOR R & D 01/15/07$ 19,802 $ 14,852 000775 PULLING STATION STEEL 09/15/07$ 12,691 $ 10,365 Other $ 61,997
Buildings 000804 MOLD STORAGE BUILDING 06/15/08$ 1,510,877 $ 1,469,957 000810 ENGINEERING ADDITION 06/15/08$ 334,780 $ 298,512 000809 SMOKE EXHAUST SYSTEM 06/15/08$ 326,613 $ 291,230 000781 BUILDING BUY OUT 10/15/07$ 110,000 $ 97,167 000846 SPRINKLER MOLD STORAGE RACK AREA 12/15/08$ 24,530 $ 23,099 000786 BUILDING BUY OUT CLOSING COST 11/15/07$ 22,210 $ 19,743 000827 PLANT LIGHTING 06/15/08$ 21,836 $ 19,471 000785 INCREASE HEIGHT AND WIDTH OF GARAGE 10/15/07 $ 21,350 $ 17,614 DOORS FOR HYDRA-SPORT BOATS 000838 BUILDING INPROVEMENTS ENGINEERING 12/15/08$ 15,218 $ 14,330 ADDITION
Schedule 1.1(c) - Owned Machinery and Equipment Page 9 of 18 Genmar Tennessee, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
000805 MOLD STORAGE BUILDING ADP ALARM 06/15/08 $ 15,967 $ 14,238 SYSTEM 000815 ADDL CLOSING COST ON BUILDING BUY-OUT 06/15/08$ 13,927 $ 12,921 000834 CONTROL BOXES FOR FANS--FLORIDA 05/01/06$ 14,998 $ 12,686 Other $ 26,086
Plant Equipment [000841 LAMINATION BOOTH LARGE BOAT ASSEMBLY 12/15/08$ 285,465 $ 268,812 ] 000782 ROUTER REMAUFACTURE-UPGRADE WITH 10/15/07 $ 162,578 $ 134,127 [000840 GELCOAT BOOTH LARGE BOAT ASSEMBLY 12/15/08$ 133,390 $ 125,609 ] 000820 SMALL STRATOS LAMINATION AREA 06/15/08$ 127,048 $ 113,284 000822 SMALL STRATOS CONYEYOR SYSTEM 06/15/08$ 118,519 $ 105,679 [000845 TEST POOL LARGE BOAT ASSEMBLY 12/15/08$ 102,505 $ 96,526 ] 000682 CUTTING TABLE 03/26/04$ 196,894 $ 93,525 000823 SMALL STRATOS SMALL BOAT GRINDING 06/15/08 $ 83,976 $ 74,878 000839 SPRAY & GRINDING BOOTH ENGINEERING 12/15/08 $ 75,601 $ 71,191 000743 OVERHAUL ROUTER 01/15/07$ 67,970 $ 50,978 [000837 GELCOAT BOOTH FOR 23' HYDRA-SPORTS 12/15/08 $ 49,859 $ 46,951 ] [000844 PINNING STATION LARGE BOAT ASSEMBLY 12/15/08$ 44,094 $ 41,522 ] [000843 GRINDING BOOTH LARGE BOAT ASSEMBLY 12/15/08$ 41,641 $ 39,212 ] 000819 SMALL STRATOS LINE GELCOAT BOOTHS 06/15/08$ 42,799 $ 38,163 000683 GELCOAT BOOTHS UPGRADE VENTILIATION 04/21/04$ 76,751 $ 37,096 000773 TIMESAVERS PANEL SANDER 09/15/07$ 38,450 $ 31,401 000818 BOAT MOLD RACKS 06/15/08$ 23,688 $ 21,122 000738 CSD-100 KAESER COMPRESSOR 110PSIG, 11/15/06$ 28,578 $ 20,957 460V [000842 PULLING STATION LARGE BOAT ASSEMBLY 12/15/08$ 21,840 $ 20,566 ] 000852 BULK FOAM SYSTEM 03/15/09$ 20,181 $ 19,508 000814 INDUSTRY MART SHELVES 06/15/08$ 17,858 $ 15,923 000802 2 MVP PATRIOT EXTERNAL MIX COAT SYSTEM 03/15/08$ 16,032 $ 13,894 000722 BYK GARDNER WAVE SCAN DOI 04/15/06$ 19,186 $ 12,951 [000796 TEST TANK - HYDRA SPORT LINE 23 FT 03/15/08$ 14,733 $ 12,768 ] 000783 MODEL TG301E DRYER 10/15/07$ 14,705 $ 12,132 000813 PATCHING HOIST 06/15/08$ 10,828 $ 9,655 Other $ 304,410
Plant Equipment - HS [000069 Four 4-ton hoists and motorized bridge rail 09/07/04 $ 51,977 $ 26,855 ] system [000057 33 Vector CC Hull Mold Spinner 10/01/05$ 20,075 $ 12,547 ] Other $ 14,894
Plant Equipment - Champion 000019 HEAT/AIR MAKEUP UNIT 06/15/02$ 35,000 $ 10,500 Other $ 38,730
Furniture & Fixtures
Schedule 1.1(c) - Owned Machinery and Equipment Page 10 of 18 Genmar Tennessee, Inc. Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Computers - HW 000760 SYTELINE COMPUTER SYSTEM -SERVERS & 06/15/06 $ 36,990 $ 14,180 STORAGE Other $ 9,316
Computers - SW 000761 SYTELINE COMPUTER SYSTEM - SOFTWARE 06/15/06$ 383,534 $ 214,596 000794 12 ADDITIONAL SYTELINE LICENSES 02/15/08$ 13,284 $ 10,596 Other $ 7,066
Transportation Equipment 000784 2000 OTTAWA YT-30 SPOTTER TRUCK 10/15/07$ 36,974 $ 24,033 000830 LOADMASTER TRAILER FOR 4100CC 08/15/08$ 17,824 $ 14,556 Other $ 5,242
Schedule 1.1(c) - Owned Machinery and Equipment Page 11 of 18 Wood Manufacturing Company, Inc. - New Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Land 000485 Land 12/27/72$ 243,988 $ 243,988 001228 Land (107 Acres) 11/01/06$ 985,448 $ 985,448
Capitalized Tooling 001611 1850 Reata Tooling 06/01/09$ 175,122 $ 170,257 001524 2250 Deck Boat Tooling 05/01/08$ 297,754 $ 138,577 001612 2410 Bay Tooling 06/01/09$ 139,459 $ 135,585 001609 211 Reata Tooling 03/01/09$ 159,563 $ 128,539 001613 Z522 Tooling 06/01/09$ 123,248 $ 119,824 001615 620T Tooling 06/01/09$ 79,467 $ 77,260 001577 186 Reata Tooling 10/01/08$ 90,775 $ 68,051 001616 208VX Tooling 06/01/09$ 62,848 $ 61,102 001614 618T Tooling 06/01/09$ 60,877 $ 59,186 001525 177TR (40th Anniv) Tooling 05/01/08$ 136,943 $ 50,646 001466 2050 Reata Tooling 04/01/08$ 130,630 $ 40,506 001526 Z520 Tooling 05/01/08$ 272,416 $ 28,285 001582 173 Ghost Tooling 12/01/08$ 64,191 $ 23,181 Other $ 18,125
Land Improvement 001402 Parking Lot - North 09/01/07$ 170,542 $ 149,698 001403 Driveways - Loading Dock 09/01/07$ 124,210 $ 109,029 001050 Parking Lot (paved) 12/01/05$ 24,776 $ 18,858 001213 Parking Lot Repair (Plant 2) 10/01/06$ 17,826 $ 14,558 Other $ 77,578
Buildings 001586 Office/Lobby Remodel - Phase 3 02/01/09$ 1,412,602 $ 1,397,888 001585 Mold Storage Bldg. 02/01/09$ 1,087,231 $ 1,075,905 000012 Manufacturing Bldg 07/01/87$ 2,742,457 $ 939,535 000017 Plant #2 MFG Bldg 06/30/88$ 2,517,660 $ 931,515 001399 Loading Dock 09/01/07$ 795,142 $ 758,698 001583 Plant 2 - SW Expansion 02/01/09$ 480,745 $ 475,738 001584 Plant 2 - SE Expansion 02/01/09$ 472,798 $ 467,873 000033 Rigging Bldg 06/30/95$ 622,564 $ 343,759 001401 Service Bldg. Expansion 09/01/07$ 198,112 $ 189,032 001400 Plant 2 - NW expansion 09/01/07$ 195,671 $ 186,703 000028 Customer Service Area 06/30/93$ 136,807 $ 59,612 000022 Breakroom 06/15/89$ 128,579 $ 43,013 001520 Acetone Storage Bldg. 05/01/08$ 42,000 $ 40,775 000052 Office Remodel 04/10/97$ 59,221 $ 34,066 000464 Engineering Offices - 326 04/03/00$ 44,560 $ 33,991 001115 Flammable Liquid Storage Bldg. 04/01/06$ 32,386 $ 29,755 000044 Truck Shop 06/30/88$ 69,246 $ 21,781 000701 Parts Office 06/15/03$ 20,608 $ 17,394
Schedule 1.1(c) - Owned Machinery and Equipment Page 12 of 18 Wood Manufacturing Company, Inc. - New Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
000567 Air Conditioner 09/24/01$ 15,488 $ 11,539 Other $ 126,994
Machinery & Equipment 001588 KMT Rail Mount Waterjet System 03/01/09$ 551,182 $ 532,809 001363 Lectra Vector 2500 Cutting Table 09/01/07$ 190,307 $ 155,417 001119 KOMO VR510 Router Equip. 04/01/06$ 156,267 $ 105,480 000743 Lectra Cutting Machine & Vacuum System 07/01/03$ 209,264 $ 83,706 000945 Shotblast 01/28/05$ 126,923 $ 70,865 001396 Monorail & Hoist System 09/01/07$ 86,766 $ 70,859 001258 Flat Stock Scuffer 01/01/07$ 83,100 $ 62,325 001610 Tooling - Small Parts Bag Molds 03/01/09$ 59,545 $ 57,560 001052 Gel-Coat Enclosure 12/01/05$ 70,702 $ 45,367 001357 Waterjet Pressure Intensifier 08/01/07$ 55,941 $ 45,219 001019 Boat Mold Storage Racks 10/01/05$ 66,386 $ 41,491 001465 2007 Daewoo G50C-5 Forklift 03/01/08$ 46,462 $ 40,267 000908 10 Ton Hoist and Air System/Seat Dept 05/01/05$ 67,660 $ 39,469 000952 Welder Smoke Exhaust System 01/28/05$ 64,793 $ 36,176 001587 Selleck SD 120 Forklift 02/01/09$ 35,756 $ 34,266 001168 Bendi Forklift 06/01/06$ 48,689 $ 33,677 001259 Channel/Angle Scuffer 01/01/07$ 42,708 $ 32,031 001260 Dust Collector (for Scuffers) 01/01/07$ 42,338 $ 31,754 000563 Plant Ventilation 2 09/01/01$ 143,063 $ 30,997 000630 Time Keeping System 07/01/02$ 89,661 $ 26,898 000543 Plant Ventilation Equipment 09/01/00$ 216,029 $ 25,203 001417 Lectra Cutting Table Install/Service 01/01/08$ 28,538 $ 24,257 001355 Seatback/Foam Tooling 08/01/07$ 29,876 $ 24,149 001364 Vacuum Separator 09/01/07$ 28,985 $ 23,671 000724 Turbo Liner MH111/Dispenser 06/15/03$ 59,434 $ 23,278 001562 PS9500 Wire Cutter/Stripper 08/01/08$ 25,428 $ 23,097 001054 Rapid Prototype Machine 12/01/05$ 34,327 $ 22,026 001395 Storage Racks 09/01/07$ 26,453 $ 21,603 001529 100HP Compressor 06/01/08$ 23,278 $ 20,756 001328 Toyota 8FGCU25 Forklift 05/01/07$ 24,659 $ 19,317 001394 Toyota 8FGCU25 Forklift 09/01/07$ 23,240 $ 18,979 000657 CCBM Cell 01/01/03$ 52,644 $ 18,425 001509 Monorail O/H Track System 05/01/08$ 20,841 $ 18,410 001009 Raw Material Montior System 09/01/05$ 29,168 $ 17,987 000528 Telephone System 12/16/00$ 119,438 $ 17,916 001289 Continuous-Flow Workstation 05/01/07$ 22,395 $ 17,543 001605 Overhead Rail System 03/01/09$ 16,997 $ 16,430 001128 Post-Print Labeler Beam 05/01/06$ 23,955 $ 16,369 001381 Genie Scissor Lift 09/01/07$ 17,568 $ 14,347 001196 Wave-Scan DOI 07/01/06$ 19,188 $ 13,432 001510 Wet-Out System 05/01/08$ 15,016 $ 13,264 000812 Transformer ILine Panelboard 06/30/04$ 26,474 $ 13,237 000462 Plant Ventalation Phase 1 - 306 01/03/00$ 255,683 $ 12,784
Schedule 1.1(c) - Owned Machinery and Equipment Page 13 of 18 Wood Manufacturing Company, Inc. - New Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
001499 Ceramic System 05/01/08$ 12,788 $ 11,296 001358 Waterjet Chiller 08/01/07$ 13,956 $ 11,281 001195 Scissorlift GS2646 07/01/06$ 15,464 $ 10,825 000927 Waterjet Cutting Machine Repair 05/01/05$ 17,945 $ 10,468 000831 Air Compressor 100hp 460v 07/28/04$ 19,726 $ 10,028 Other $ 873,897
G/L Asset Acct No = 15300.000 000907 Airplane: Beech King Air 200 (1994), 03/01/05$ 1,905,703 $ 1,355,167 FAA #N3051K (2 crew, 9 passengers) 001406 Aircraft Engine Overhaul 11/01/07$ 322,476 $ 143,323 000911 Engine Overhaul - Aviation 03/01/05$ 260,464 $ 99,224 Other $ 15,288
Leasehold Improvement 001508 Install/Re-route Ventilation Components 05/01/08$ 287,292 $ 253,775 001523 Gel-Coat Renovation (general) 05/01/08$ 218,862 $ 193,328 000874 Trailer Shop Renovations 01/28/05$ 330,242 $ 184,385 001365 Make-up Air Units 09/01/07$ 86,688 $ 70,795 000939 Trailer Shop Booth 01/28/05$ 104,856 $ 58,545 001490 Remodel W2 Warehouse 05/01/08$ 48,441 $ 42,790 001522 Install/Re-route Sprinklers 05/01/08$ 45,885 $ 40,532 000943 Roof Top Air Conditioner 01/28/05$ 70,428 $ 39,322 001253 Trailer Shop Roof Foam 12/01/06$ 47,964 $ 35,573 001491 4" Concrete Floor Slab 05/01/08$ 39,414 $ 34,816 000845 Renovation of Office Restrooms 12/31/04$ 61,852 $ 34,019 000688 Sprinkler System 03/15/03$ 88,176 $ 33,160 001507 Make-Up Air Unit 05/01/08$ 36,982 $ 32,667 000656 Plant Ventilation System 01/01/03$ 73,954 $ 26,701 001051 Foam Storage Room and Tanks 12/01/05$ 41,503 $ 26,631 000942 Fender Gel Coat Booth 01/28/05$ 42,713 $ 23,848 001527 Relocate King Air Unit & Ducting 06/01/08$ 25,839 $ 23,040 001015 Resin Storage Room 10/01/05$ 35,616 $ 22,260 001231 Make-up Air Unit Ducting 12/01/06$ 29,507 $ 21,884 000941 Fender Grind Booth 01/28/05$ 36,551 $ 20,408 001130 Foam Roof Insulation 05/01/06$ 24,131 $ 16,490 001597 Safety Curtains/Doors 03/01/09$ 16,994 $ 16,428 001261 300kVAR Capacitor 01/01/07$ 21,249 $ 15,937 001598 Re-Route Ventilation 03/01/09$ 16,346 $ 15,801 001068 Sprinkler System Upgrade 01/01/06$ 23,369 $ 15,190 000594 Plant Ventilation 02/15/02$ 58,466 $ 15,104 001528 Extend/Rebalance Air Ducting 06/01/08$ 14,881 $ 13,269 001513 Re-route Air & Resin Drops 05/01/08$ 14,345 $ 12,671 001453 Electric and Air Drops 03/01/08$ 13,595 $ 11,783 000560 BUILDING IPROVEMENTS 08/01/01$ 55,920 $ 11,650 001591 Waterjet Drainage System 03/01/09$ 11,330 $ 10,952 Other $ 237,250
Schedule 1.1(c) - Owned Machinery and Equipment Page 14 of 18 Wood Manufacturing Company, Inc. - New Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Vehicles 001350 2004 Volvo Truck 07/01/07$ 52,000 $ 31,200 001017 2006 Freightliner Argosy 10/01/05$ 94,597 $ 23,649 001449 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001452 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001447 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001448 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001450 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001451 41' Stinger Trailer 03/01/08$ 31,955 $ 23,434 001464 2003 Freightliner Argosy (#55) 03/01/08$ 27,246 $ 19,981 001463 2003 Freightliner Argosy (#54) 03/01/08$ 25,727 $ 18,867 001273 Stinger Trailer 41' 02/01/07$ 28,523 $ 14,737 001322 New Holland TC35DA Tractor 05/01/07$ 25,465 $ 14,430 001434 New Holland TC40A Tractor 01/01/08$ 16,450 $ 13,982 001278 Stinger Trailer 41' 02/01/07$ 26,328 $ 13,603 001279 Stinger Trailer 41' 02/01/07$ 26,328 $ 13,603 001280 Stinger Trailer 41' 02/01/07$ 26,328 $ 13,603 001281 Stinger Trailer 41' 02/01/07$ 26,328 $ 13,603 000915 (3) Crown Stock Pickers 05/01/05$ 66,292 $ 11,049 Other $ 77,959
Furniture & Fixtures 001008 Boat Show Displays 09/01/05$ 44,872 $ 20,299 001438 Canon IR5065 Copier 02/01/08$ 15,973 $ 11,447 Other $ 31,220
Computer Soft/Hardware 001209 TeamCenter Engineering System 10/01/06$ 128,570 $ 10,714 001308 RVI Imaging/Storage System 05/01/07$ 37,929 $ 10,536 Other $ 90,565
Schedule 1.1(c) - Owned Machinery and Equipment Page 15 of 18 Genmar Transportation, Inc. - MY09 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
Land & Land Improvement 000494 Land Prep & Paving (1st half) - New Lot 01/01/03$ 89,498 $ 50,716 000495 Install Electrical Service - New Lot 01/01/03$ 63,434 $ 35,946 Land $ 27,187 $ 27,187 000492 Cyclone Fence w/Gates - New Lot 04/01/02$ 45,542 $ 23,530 000493 Topo Survey & Soil Borings - New Lot 11/01/02$ 5,419 $ -
Trucks & Trailers 000562 2008 KENWORTH - K#694 06/01/07$ 69,986 $ 40,825 000558 Leased Truck Improvements 05/01/06$ 89,160 $ 32,692 000561 38 Foot Hydraulic Trailer 06/01/07$ 32,000 $ 23,840 000159 Unit #722 Trailer 1999 Doonan 03/01/99$ 29,417 $ 10,000 000198 Unit #734 Trailer 2000 Doonan 08/01/99$ 29,731 $ 10,000 000202 Unit #738 Trailer 2000 Doonan 08/01/99$ 29,731 $ 10,000 000235 Unit #741 Trailer 2000 Doonan 12/01/99$ 29,731 $ 10,000 000253 Unit #749 Trailer 2000 Doonan 03/01/00$ 29,731 $ 10,000 000256 Unit #752 Trailer 2000 Doonan 03/01/00$ 29,731 $ 10,000 000257 Unit #753 Trailer 2000 Doonan 03/01/00$ 29,731 $ 10,000 000279 Unit #760 Trailer 2001 Doonan 06/01/00$ 29,182 $ 10,000 000281 Unit #762 Trailer 2001 Doonan 06/01/00$ 29,182 $ 10,000 000300 Unit #764 Trailer 2001 Doonan 08/01/00$ 29,182 $ 10,000 000305 Unit #767 Trailer 2001 Doonan 08/01/00$ 29,731 $ 10,000 000307 Unit #769 Trailer 2001 Doonan 08/01/00$ 29,731 $ 10,000 000308 Unit #770 Trailer 2001 Doonan 08/01/00$ 29,731 $ 10,000 000315 Unit #775 Trailer 2001 Doonan 10/01/00$ 29,731 $ 10,000 000319 Unit #779 Trailer 2001 Doonan 10/01/00$ 29,250 $ 10,000 000321 Unit #781 Trailer 2001 Doonan 10/01/00$ 29,250 $ 10,000 000334 Unit #784 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000336 Unit #786 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000337 Unit #787 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000338 Unit #788 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000339 Unit #789 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000340 Unit #790 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000341 Unit #791 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000343 Unit #793 Trailer 2002 Doonan 08/01/01$ 25,635 $ 10,000 000344 Unit #794 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000345 Unit #795 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000346 Unit #796 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000347 Unit #797 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000348 Unit #798 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000350 Unit #800 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000351 Unit #801 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000353 Unit #803 Trailer 2002 Doonan 09/01/01$ 25,635 $ 10,000 000357 Unit #804 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000358 Unit #805 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000359 Unit #806 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000
Schedule 1.1(c) - Owned Machinery and Equipment Page 16 of 18 Genmar Transportation, Inc. - MY09 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
000360 Unit #807 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000361 Unit #808 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000362 Unit #809 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000364 Unit #811 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000365 Unit #812 Trailer 2002 Doonan 12/01/01$ 23,195 $ 10,000 000367 Unit #814 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000368 Unit #815 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000369 Unit #816 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000370 Unit #817 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000371 Unit #818 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000372 Unit #819 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000373 Unit #820 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000374 Unit #821 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000375 Unit #822 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000376 Unit #823 Trailer 2002 Doonan 12/01/01$ 25,985 $ 10,000 000377 Unit #824 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000378 Unit #825 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000380 Unit #827 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000381 Unit #828 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000382 Unit #829 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000383 Unit #830 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000385 Unit #832 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000386 Unit #833 Trailer 2002 Doonan 12/01/01$ 26,135 $ 10,000 000387 Unit #834 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000388 Unit #835 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000390 Unit #837 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000391 Unit #838 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000392 Unit #839 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000393 Unit #840 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000394 Unit #841 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000395 Unit #842 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000396 Unit #843 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000398 Unit #844 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000399 Unit #845 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000401 Unit #847 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000402 Unit #848 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000403 Unit #849 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000404 Unit #850 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000405 Unit #851 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000406 Unit #852 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000407 Unit #853 Trailer 2002 Doonan 03/01/02$ 25,535 $ 10,000 000409 Unit #854 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000410 Unit #855 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000411 Unit #856 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000412 Unit #857 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000413 Unit #858 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000415 Unit #860 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000
Schedule 1.1(c) - Owned Machinery and Equipment Page 17 of 18 Genmar Transportation, Inc. - MY09 Net Book Value Report (Assets with a Net Book Value of Greater Than $10,000) as of 06/30/2009 In Service Assets Description Date Cost Net Book Value
000417 Unit #862 Trailer 2002 Doonan 03/01/02$ 26,135 $ 10,000 000427 Unit #865 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000428 Unit #866 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000429 Unit #867 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000430 Unit #868 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000431 Unit #869 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000432 Unit #870 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000433 Unit #871 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000434 Unit #872 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000435 Unit #873 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000436 Unit #874 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000437 Unit #875 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000438 Unit #876 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000439 Unit #877 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000440 Unit #878 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000441 Unit #879 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000442 Unit #880 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000443 Unit #881 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000444 Unit #882 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 000445 Unit #883 Trailer 2002 Doonan 11/01/02$ 26,135 $ 10,000 Other $ (3,625)
Schedule 1.1(c) - Owned Machinery and Equipment Page 18 of 18
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS
GENMAR HOLDINGS, INC.
See attached list of international dealers.
Pursuant to Section 5.1(e) of the Agreement, the Website, Software, Hardware and Data Transfer Agreement (the “Data Transfer Agreement”) entered into by and between Sellers and Jacobs Management Corporation will be included in this Schedule 1.1(d) as an Acquired Contract (other than to the extent it relates to the Excluded Assets), unless (i) Buyer expressly designates the Data Transfer Agreement as an Excluded Contract prior to the Closing, in which case it will be included in Schedule 1.2(c), or (ii) Sellers and Buyer agree to split the Data Transfer Agreement, in which case the agreement related to the Acquired Assets will be included in this Schedule 1.1(d) as an Acquired Contract, and the agreement related to the Excluded Assets will be included in Schedule 1.2(c) as an Excluded Contract.
GENMAR HOLDINGS, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support GE Comm Dist Finance ApS Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance BV Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Corp. Genmar CDF Master Factoring Agreement 09/08/06 $0 AB GE Comm Dist Finance Europe Genmar CDF Master Factoring Agreement Ltd GE Comm Dist Finance GmbH Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Oy Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance SAa Genmar CDF Master Factoring Agreement 09/08/06 $0 Great Plains Software Maintenance/License Agreement Lengert, Nichole Independent contractor agreement Peters and May International Freight expeditor. Pre Pet- $298k Int'l (pd 154k) & $38k GHI (open). GHI amount is for Windsor Craft shipments. Marie Carla Labry Pelligrino Independent contractor agreement $0 Synaptec Software Inc Software License Agreement for Lawbase case 10/13/04 $0 management software. $17.3k for onetime purchase and one year of support for 6 concurrent users. TDCI Final Master Contract, Product License Agreement, 06/01/06 $5,000 Addendum A, Agreement for Professional Services, Attachment 1, Software Product License Agreement, Software Product License Agreement - all unsigned; Software Product License Schedule. BuyDesign configurator. 20 yr license $25k. $20% maint fee. Four Winns is the user. Tower Software Records management Ultimate Software Group Inc. Software Support Agreement. UltiPro payroll admin. 09/25/03 09/25/05 $0 Software. $25 per active employee. 2 yr agreement. Wallenius Wilhelmsen Logistics Wallenius Wilhelmsen Logistics AS Service Contract. 09/01/08 $0 AS . Overseas shipment of boats. Termination with 30 days written notice.
GENMAR INDUSTRIES, INC.
- 12 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7
Commercial Lease Agreement, dated July 29, 2008, as amended by First Amendment of Lease dated January 2009, by and between Genmar Industries, Inc. and Legend Custom Yachts, Inc.
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
See attached list of Wellcraft and Four Winns dealers.
GENMAR MICHIGAN, L.L.C.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Avnet Maintenance Report Quote 1001971585. Warranty and maintenance agreement. Genmar MI P.O. # P1402639576. Computer Hardware. Unsure if agreement was executed or date of contract? Four Winns has no additional information. Agreement is on file but not signed or dated. Cincinnati Time Systems Inc Software Support Agreement - Ultipro & Novatime 10/05/09 10/05/10 $2,795
Corecomm Internet Service Inc Dedicated Internet Access Agreement. Per Four None Month to month $500 Winns, No contract on file Garelick Mfg Co Patent Infringement Agreement; Indemnity agreement. 07/28/08 Onetime Unknown Defense of any suit brought against Four Winns about by action related to the side mount table hardware. Global Technology Assoc Inc Software License. Internet Firewall. Multiple contract 01/30/06 01/29/10 $1,145 date, but last date is 1/29/2010 Hewlett-Packard Dev Co LP Maintenance Service Packs; ESX Server maintenance; 10/30/08 111/15/12 $0 HPS-Buy CL360G5 E5440 SAS Svr. Assume annual payment. Prepay. No contract. Mapics Inc Software License Agreement #A271505; Software 05/31/05 6 month $38,328 License Terms Addendum, Info Schedule #2. Syteline contract ERP software.
GENMAR MINNESOTA, INC.
See attached list of Larson and Glastron dealers.
GENMAR MINNESOTA, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support CPS Technology Solutions Maintenance Agreements AS400. Service and 07/02/09 07/01/10 $3,214 maintenance of IBM equipment CPS Technology Solutions Inc Maintenance Agreement. Different mailing address 07/01/09 06/30/10 $1,082 from other CPS address. From Hamel, MN proximity, might be 24 hour local service Morrison County Dept of Public Easement for highway purposes. Payment from 10/17/01 N/A ($4,350) paid Works Morrison Co. to Little Falls Sage Software System Software/hardware support - Customer No 07/01/09 06/30/10 $674 35965615. Reclass represents a pre petition balance paid in July $674. - 13 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7
GENMAR TENNESSEE, INC.
See attached list of Champion and Stratos dealers.
GENMAR TENNESSEE, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Averitt, Larry Pro Angler HIN#GCB11173A909. (Credit) Payment 10/24/07 10/28/08 -$36,901 amount represents A/R balance. Bill of sale, deferred payment. There is 1 $30k recv on boat Buckner, Brandon Pro Angler Agreement (Champion). Amount still owed 12/19/07 12/18/08 -$4,806 on boat DeLong, Glenn Pro Angler agreement. Champion. Amount still owed 11/21/07 11/19/08 -$4,865 on Pro boat Faulkner, Cpt William Pro Angler Agreement. HIN#GCB10585A808. 01/31/08 01/29/09 -$41,182 Champion. Jon's Guide Service (Jon Pro Angler Agreement HIN#GCB10516L708; 12/17/07 12/15/08 -$25,000 Bondy) HIN#GCB1188A909. Champion. Amount due on pro boat Jon's Guide Service (Jon Pro Angler Agreement HIN#GCB11188A909/96525. 03/02/09 03/01/10 -$31,287 Bondy) Champion. Amount due on pro boat Loving, George "Buster" Pro Angler Agreement HIN#GCB10463K708. 11/19/07 11/17/08 -$41,611 Champion. Amount due on pro boat Magers, Kathy Pro Angler Agreement. Champion. Amount due on pro 03/26/08 03/29/09 -$37,829 boat. There is a $35k receivable on the boat. Mayo, Ray Pro Angler HIN#GCB10709C808. Champion. Amount 02/14/09 02/12/10 -$30,958 due on pro boat. Morris Brothers Inc. License Agreement. Royalty payments to be made 01/01/04 5/31/05 with $0 quarterly less specified allowable expenses. automatic Trademark Apparel for the 2004-05 catalog. Contract renewals of 1 ongoing. year Pope, Jeff Pro Angler HIN#GCB10721C808/96421. Champion. 03/27/08 03/27/09 -$43,798 Amount due on pro boat.
GENMAR TRANSPORTATION, INC. GENMAR TRANSPORTATION, INC.
Periodic Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Daimler Chrysler Services Contract # 100-0090924 Trailer Lease Agreement: 10 11/23/02 10/23/09 $3,539 units 1D9BG482431208735; 1D9BG482631208736; 1D9BG482831208737; 1D9BG482X31208738; 1D9BG482131208739; 1D9BG482831208740; 1D9BG482X31208741; 1D9BG482131208742; 1D9BG482331208743; 1D9BG482531208744 Daimler Chrysler Services Contract # 100-0090926 Trailer Lease Agreement: 10 01/31/03 12/31/09 $3,539 units 1D9BG482731208745; 1D9BG482931208746; 1D9BG482031208747; 1D9BG482231208748; 1D9BG482431208749; 1D9BG482031208750; 1D9BG482231208751; 1D9BG482431208752; 1D9BG482631208753; 1D9BG482831208754 Daimler Chrysler Services Contract # 100-0090927 Trailer Lease Agreement: 10 08/15/03 07/15/09 $3,599 units 1D9BG482641208818; 1D9BG482841208819; 1D9BG482441208820; 1D9BG482641208821; 1D9BG482841208822; 1D9BG482X41208823; 1D9BG482141208824; 1D9BG482341208825; - 14 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7
GENMAR TRANSPORTATION, INC.
Periodic Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support 1D9BG482541208826; 1D9BG482741208827. Aug payoff amount estimated to be $67k. River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: 04/20/07 03/20/13 $816 Payment are made to 1D9BH482671609982. 1 Unit. Doonan Dropdeck boat Associated Bank trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Unit. Trailer: 04/10/07 03/10/13 $818 1D9BH482871609983. 1 Doonan Dropdeck boat trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Trailer: 05/20/07 06/20/13 $820 D9BH482271609235. 1 Unit. Doonan Dropdeck boat trailer.
WOOD MANUFACTURING COMPANY, INC.
See attached list of Ranger dealers.
WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Arvest Bank North Central AR Automated Teller Machine Agreement 10/30/05 three $0 years/renew each year thereafter Auten, Todd 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Aviva Sports Inc. (aka Toy Boat License Agreement. Motorized radio 06/10/08 5 years 5% Royalties Shoremasters, Inc.) controlled on net sales paid by Toy Mfg'r Baumgardner, Chris 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Bell, Jimmy 2009 Pro Team Agreement. Free boat and 17% off 01/01/09 12/31/09 $0 accessories. Biffle, Tommy 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Blaukat, Randy 2009 Pro Team Agreement 01/01/09 12/31/09 $11,550 Bolivar, Gabe 2009 Pro Team Agreement 01/01/09 12/31/09 $1,020 Bolton, Terry 2009 Pro Team Agreement 01/01/09 12/31/09 $956 Brauer, Dennis G. 2009 Pro Team Agreement 01/01/09 12/31/09 $3,188 Cagle, Allan 2009 Pro Team Agreement 01/01/09 12/31/09 $191 Campell, John 2009 Pro Team Agreement 01/01/09 12/31/09 $638 Clausen, Luke 2009 Pro Team Agreement 01/01/09 12/31/09 $1,275 Cochran, George 2009 Pro Team Agreement. Both direct bill allotments 01/01/09 12/31/09 $12,000 and reimbursement allotments. Courts, Mark 2009 Pro Team Agreement 01/01/09 12/31/09 $3,188 Daimler Chrysler Services Freightliner lease 1FVHAWCK76LV94565 (A). Model: 07/22/05 7/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK96LV94566 (A). Model: 08/02/05 8/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK06LV94567 (A). Model: 09/20/05 9/2010 $1,608 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK27LY08606 (A). Model: 08/22/06 8/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006.
- 15 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7
WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08607 (A). Model: 09/06/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK67LY08608 (A). Model: 09/19/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year: 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK07LY08605 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK87LY08609 (A). Model: 01/16/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08610 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Davis, Julia 2009 Pro Team Agreement 2008 2009 season $638 DP Technology Corporation SMC Renewal - Software maintenance contract. 03/01/09 2/2010 $1,510 License E4314000 and E4314001. Prior year contracts are on file. Ranger inputted current year data. Dudley, David 2009 Pro Team Agreement 01/01/09 12/31/09 $6,000 Eakins, Jim 2009 Pro Team Agreement 01/01/09 12/31/09 $1,180 Eakins, Troy 2009 Pro Team Agreement $670 Elliott, Chris 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Fears III, OT 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Forrest L. Wood License Agreement 07/01/87 $0 Fritts, David 2009 Pro Team Agreement 01/01/09 12/31/09 $2,975 Gluszek, Pete 2009 Pro Team Agreement 01/01/09 12/31/09 $1,169 Hardin, Mark 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Harsh, Pete 2009 Pro Team Agreement 01/01/09 12/31/09 $1,381 Hibdon, Dion 2009 Pro Team Agreement 01/01/09 12/31/09 $13,500 Hibdon, Guido 2009 Pro Team Agreement. Includes annual direct bill 01/01/09 12/31/09 $13,500 allotments and quarterly reimbursement allotments Iovino, Don 2009 Pro Team Agreement. Includes annual direct bill 01/01/09 12/31/09 $425 allotments and quarterly reimbursement allotments Kenney, JT 2009 Pro Team Agreement. Includes annual direct bill 01/01/09 12/31/09 $638 allotments and quarterly reimbursement allotments Kilby, Rob 2009 Pro Team Agreement 01/01/09 12/31/09 $22,500 Kreiger, Koby 2009 Pro Team Agreement. Includes annual direct bill 01/01/09 12/31/09 $425 allotments and quarterly reimbursement allotments LaCourse, Rick 2009 Pro Team Agreement 01/01/09 12/31/09 $1,339 Lectra Proposal New Power Plus Contracts - Annual 07/17/09 7/2010 $20,654 maintenance agreement. CAD software Leonard, Bill 2009 Pro Team Agreement 01/01/09 12/31/09 $956 Lyndell, Martin 2009 Pro Team Agreement Lytle, Curt 2009 Pro Team Agreement 01/01/09 12/31/09 $2,455 Mann, Tom, Jr. 2009 Pro Team Agreement 01/01/09 12/31/09 $9,000 Martin, Lendell 2009 Pro Team Agreement 01/01/09 12/31/09 $1,563 Martin, Scott 2009 Pro Team Agreement 01/01/09 12/31/09 $956 MBNA America Bank NA Affinity Agreement $0 McDonald, Bill 2009 Pro Team Agreement 01/01/09 12/31/09 $744 McQuoid, Kevin 2009 Pro Team Agreement 01/01/09 12/31/09 $655 Millsaps, Jimmy 2009 Pro Team Agreement 01/01/09 12/31/09 $4,000 Minn Kota Marketing Agreement 11/01/09 07/01/09 – 06/30/11 Monroe, Ish 2009 Pro Team Agreement 01/01/09 12/31/09 $1,063 Murray, John 2009 Pro Team Agreement 01/01/09 12/31/09 $3,103 Neilson, Scott 2009 Pro Team Agreement 01/01/09 12/31/09 $956 North Star Distribution/Jackson Vending Service Contract - Ranger receives 01/01/08 12/31/09 $0 - 16 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7
WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Bros. commissions; does not make any pmts Nt'l Assoc Stock Car Racing License Agreement #LG02118.1 7/1/02 $0 Inc. Amendment #1 7/1/02 Amendment #2 2/2/05 Olson, Eric 2009 Pro Team Agreement 01/01/09 12/31/09 $553 Omori, Takahiro 2009 Pro Team Agreement 01/01/09 12/31/09 $2,455 O'Shea, Mike 2009 Pro Team Agreement 01/01/09 12/31/09 $1,275 Pack, Mark 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Reese, Jimmy 2009 Pro Team Agreement 01/01/09 12/31/09 $638 Rook, Scott 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Rose, Mark 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Schultz, Bernie 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Scott-Gross Company Cylinder Service Agreement 05/11/09 2 years Variable Segraves, Terry 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Seminole Energy Service Natural Gas Sales Agreement 07/01/09 06/30/10 varies Skarlis, Tommy 2009 Pro Team Agreement 01/01/09 12/31/09 $2,550 Stegall, Roger 2009 Pro Team Agreement 01/01/09 12/31/09 $553 Strategic Business Continuity Service Master Agreement Control 03/01/08 02/28/13 $839 #BC02208 (Disaster recovery service). Contract S7329-08. Total $ = $50,340. Sun Country Bass Tour 2009 terms agreement. Event costs: Ranger cup $0k, 2008 Dec 2009 $15,600 sponsor boat exp $13.8k, and misc costs $1.8k. [Superior Fiberglass & Resins] Superior Parts Washer Loan Agreement. Parts Washer 10/18/06 Continuous $0 Serial #s 12873, 13336, 13338, 13339, 13340, 13346, Renewal 13349 and 13350. Surman, Mike 2009 Pro Team Agreement 01/01/09 12/31/09 $1,063 Svebek, Carl 2009 Pro Team Agreement 01/01/09 12/31/09 $1,275 Thliveros, Peter 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Thomas, Jeffery 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Twin Lakes Community Bank Loan # 34009633. Principal $35,756.18. Collateral 01/21/09 1/21/12 $1,114 Sellek: Forklift Model SD 120, Serial #55043111232. Twin Lakes Community Bank Loan # 34009209. Principal $672,629.97. Collateral: 12/17/08 12/17/2011 1994 Beechcraft B200 aircraft. Registration #: N3051K. Serial #: BB1495. Twin Lakes Community Bank Loan # 34006673. Line of credit advances principal of 05/23/08 5/23/13 $8,622 $440,165.10. Twin Lakes Community Bank Loan # 34005329. Line of credit advances principal of 12/20/07 12/20/12 $922 $46,465.35. Walker, David 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Wendlandt, Clark 2009 Pro Team Agreement 01/01/09 12/31/09 $13,500 White, Danny 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913 Wolak, Dave 2009 Pro Team Agreement 01/01/09 12/31/09 $638 Wong, Judy 2009 Pro Team Agreement 01/01/09 12/31/09 $510 Wurm, Mike 2009 Pro Team Agreement 01/01/09 12/31/09 $1,913
- 17 - SCHEDULE 1.1(d) –– ACQUIRED CONTRACTS DC\1260614.7 INTERNATIONAL DEALER AGREEMENTS FOR MY2010
Dealer Name Brand Address Territory
Andaman Boat Sales & Service Co. Ltd. Glastron 258/24 Moo3, Thepkrasattri Road, Srisoontorn Sub District, Talang Phuket 83110, Thailand Thailand Bluebay Marine Larson Hagenmannsvej 17-20, Silkeborg 8600, Denmark Denmark Elco Marine International Four 110, Boulevard du Midi, Cannes-La Bocca, 06150 France Monaco and Alpes Maritime & VAR until St. Maxine in France and Monaco Espace Aicardi Four Route de Sagone, Mezzavia 20167 France Corsica Europe Marine Four Grosshandelsgesellschaft GmbH, Hectenkaute 1, Budenheim/Rhein 55257 Germany Germany, Austria, Romania, Bulgaria Europe Marine Glastron Grosshandelsgesellschaft GmbH, Hectenkaute 1, Budenheim/Rhein 55257 Germany Germany, Netherlands, Ukraine, Czech Republic, Slovakia Faithful Marine Glastron 28 Shum Wan Road, PO Chong Wan, Aberdeen, Hong Kong, China Hong Kong Iberica Boat Shop Ranger Av. Das Forcas Armadas, Bloco G Cave, Arganil 3300-011 Portugal Portugal Lemerle Bateaux Four Avenue Aristide Briand, Le Croisic 44490 France Pays de Loire Marine Plaisance Service Four 37 route du Cap-Ferret, Grand Piquey, Lege-Cap-Ferret 33950, France Aquitaine and Midi Pyrenees Nautica Mengual Four Ctra. N-332, Km. 181.5, Teulada, Alicante 03725 Spain Calpe, Alicante, Murcia Rhin Marine Four Ile due Rhin, Biesheim 68600, France Haut Rhin, Bas Rhin, Belfort, Vosges Moselle, Meurthe, Meurthe et Moselle, Meuse Savoie Marine Four 1359 route de'Albertville, St. Joroiz 74410, France Savoie, Haute Savoie, AIN Tech-Nautic Four rue de la Trinquette, Za des Minimes, La Rochelle 17000, France Poitou Charentes and South Vendee Volga Boat Glastron 7-A Stroitelny Pr-d., korp 28, Moscow 125424 Russia Volga Region Yugo Misr Trade Four 33 Mostafa El Nahas Street, Nasr City, Cairo, Egypt Egypt Yugo Misr Trade Glastron 33 Mostafa El Nahas Street, Nasr City, Cairo, Egypt Egypt
1 WELLCRAFT DEALERS
DEALERSHIP NAME DBA ADDRESS CITY STATE ZIP STATUS for 2010
Advanced Marine Services LLC 1322 Carolina Ave St. Cloud FL 34769 Signed Paying floor plan down-wating for GE to reinstate him-no orders
All Power Marine All Power Marine Rt 202 43 West State St Granby MA 01033 Will not resign
Anchor Boats Inc. 62093 448 N. Mauldin Ave North East MD 21901 Will sign when C-11 is resolved
Catalina Marina 16202 North Oracle Tucson AZ 85739 No longer a dealer
Coastal Offshore, Inc. 14430 Hwy 361 Corpus Christi TX 78418 Will sign when C-11 is resolved
Conanicut Marine SVS. INC. 20 Narragansett Ave Jamestown RI 02835 Waiting for c-11 to be resolved before deciding to sign
The Cove 7062 Hwy 400 RR #1 Mactier Ontario CN POCIH0 No Longer a dealer
Day Island Boatworks LLC 9011 South 19th Street Tacoma WA 98466 Signed with orders
Excel Boat Sales Mc Millan Marine 1070 Empire Blvd Rochester NY 14609 No longer a dealer
Georges Watersports 1301 Montlimar Dr. Mobile AL 36609 No longer a dealer-Signed Legendary instead
Hampton Marine Center INC. 5 Carter Lane East Qougue NY 11942 Signed with orders
Inland Marine 1600 West 10th Street Antioch CA 94509 No longer a dealer
LMC Marine Center LMC Marine Center 14904 North Freeway Houston TX 77090 Will carry only brunswick lines after C-11
Legendary Marine 4601 Legendary Marina Drive Destin FL 32541 Signed with orders
Legendary Marine 1198 Miracle Strip Pkwy Ft Walton Bch FL 32548 Signed with orders
Legendary Marine 2401 Hwy 77 South Lynnhaven FL 32444 Signed with orders
Legendary Marine 3977 Hwy 59 South Gulf Shores AL 36542 Signed with orders
Lighthouse Boat Center 101000 Overseas Hwy Key Largo FL 33037 Repoed by GE-still wants to buy product COD
Lynnhaven Marine 2105 W Great Neck Road Virginia Beach VA 23451 Waiting for c-11 to be resolved to deciding to sign
Magnum Outboards 2517 8th Street Harvey LA 70058 Will not signe dut to LA laws
Marine Venture II, INC. The Boat Center 178 Cottage Road Madison CT 06443 Will not sign going forward
Matthews Marine 52 Cecil Reynolds Rd Bluffton SC 29910 No floorplan line-will not sign
Maximo Marine 3701 50th Ave South St Petersburg FL 33711 Signed and has orders
McMillan Marine and Motorsports 1525 Route 104 Ontario NY 14519 No longer a dealer
Midlantic Marine 32947 Lighthouse Road Selbyville DE 19975 signed with orders on hold due to C-11
Miramar Boats LLC 209 Arendell Street (Marina) Morehead City NC 28557 No longer a dealer
Murray Marine Sales & Service, INC. 5710 US Hwy 1 Key West FL 33040 Signed with orders
Nassau Marine/Ocean Beach Marina Ocean Beach Marina 3245 Rt 35 South Lavallette NJ 08735 No floorplan line-will not sign
Nature Coast Marine Sales 1590 South Suncoast Blvd Homosassa FL 34461 No floorplan line-will not sign until resolved WELLCRAFT DEALERS
DEALERSHIP NAME DBA ADDRESS CITY STATE ZIP STATUS for 2010
Northlake Marine, INC 111 West Hall Avenue Slidell LA 70460 No longer a dealer
Portland Yacht Services, INC. 58 Fore Street Portland ME 04101 No longer a dealer
Precision Powersports 1762 London Line Sarnia Ontario CN N7T7H2 Possblity to sign once c-11 is resolved
Riverfront Marine Sports INC 33 Old Elm Street Salisbury MA 01952 Waiting for c-11 to be resolved to decisde to sign
Riverfront Marine Sports INC 292 High Road Newbury MA 01951 Waiting for c-11 to be resolved to decisde to sign
Route Six Auto and Marine 360 Faunce Corner Rd N. Dartmouth MA 02747 No Floor plan-wating for dealer to resolve before signing
Royal Marine Sales, Inc. 2708 N. Hayden Island Drive Portland OR 97217 Repoed by Textron
Rugged Marine 12700 Old Stage Road Chester VA 23836 No floorplan-we intebd on signeng this dealer once resolved
SG Power Products LTD 730 Hillside Ave Victoria BC V8T124 No longer a dealer
Sheltered Cove Marine 910 Green Street Tuckerton NJ 08087 Will not sign until C-11 is resolved
Sundance Marine Inc. North 3321 NE Indian River Drive Jensen Beach FL 34957 In process of getting back paper work-Dealer just got floorplan back from GE
Sundance Marine INC /Central Sales 491 S Federal Hwy Pompano Beach FL 33062 In process of getting back paper work-Dealer just got floorplan back from GE
Sundance Marine INC Corporate 1335 SE 16th Street Ft. Lauderdale FLFL 33316 In process of getting back paper work-Dealer just got floorplan back from GE
TRC Yacht Sales 6701 Hwy 58 North Harrison TN 37341 possblity to sign once c-11 is resolved -small dealer we may replace
Tern Harbor Marina 275 River Street North Weymouth MA 02191 Signed-waiting for C-11 to be resolved before submitting orders
The Boat Depot 4025 Pacific Highway San Diego CA 92110 No floorplan line-waing for dealer to get a floorplan (GE canclled)
The Boat House of Anaheim, INC. 335 South Brookhurst Street Anaheim CA 92804 GE Repo
W.C. Sproul & Sons The Waterfront Marine 747 Main Road North Hampden ME 04444 No longer a dealer Larson Boats 2010 Signed Dealer Agreements
US Dealership by Territory Dlr # Address 1 City State Zip Name Phone
Dan Hasshaw / Western US Canon Marine 11005 119 N. Cottonwood Canon City CO 81212 Dave Gouveia (719) 269 - 3660 Canon Marine 3320 N. Hancock Ave Colorado Springs CO 80907 Matt Breese
Chris LaRose / Western US Tsalach Corp. 18448 11624 E. Montgomery Spokane WA 99206 Frank Steenvoorden (509) 921-9988
House Account / South East US Advanced Marine Services, LLC 10586 1322 Carolina Avenue St. Cloud FL 34769 Jason Wagner (407) 498-5142
Doug Sexton / Upper Midwest & Great Lakes Leaders Marine 15110 8500 West Main Kalamazoo MI 49009 Matt Resh (269) 372-1072 Hallberg Marine 10177 2670 Fallbrook Lane Wyoming MN 55092 Denise Hallberg (651) 462-4516
Steve Tobin / North East US None
Chris Winkle / South US None
Canada Dealership by Territory
Rene Lemieux - East Canada Equipements Boisvert 10547 240 Chemin des Patriotes Sorel-Tracy QC J3P 6K6 Gaetan Boisvert (450) 730-0100 Binette Marine, Inc. 10589 131 St. Joseph Quest Disraeli QC G0N 1E0 Jacques Binette (418) 449-1777 Gauthier Marine 10387 1095 Rue I'Escale Val D'or QC J9P 4G7 Roch Gauthier (819) 825-5955 Marina Bo-Bi-No Ltee 10156 9100 Boul des Mille Iles Laval QC H7A 4C6 Gaetan Mathieu (450) 666-1395 Pomerleau Les Bateaux 10587 84 Blvd. Cartier Riviere-Du-Loup QC G5R 3Y7 Christian Pomerleau (418) 862-2022 Pomerleau Les Bateaux- 2nd location 10370 4191 Route Fossambault Ste-Catherine de laQC G3N1R7 Yan-Eric Pomerleau (418) 875-2767 Sport Collette Rive-SUD, Inc. 10474 1233 Armand-Frappier Ste-Julie QC J3E 0A1 Normand Collette (450) 649-0066 Thibault Marine Inc. 10475 4995, Rte 117 nord Ste. Agathe Nord QC J8C 2Z8 Ronald Thibault (819) 326-4084
Dwight Nick - Mid/West/Central CN None
11/24/2009 Glastron 2010 Signed Dealers
Dealership Address City State Zip Code
A. Robitaille 2980 Mgr. Beauport Quebec G1E6B3 Airport Marine 424 Hwy. 87 Alabaster AL 35007
Arnold's Boats & Motors, Inc. 2035 River Road Louisville KY 40206 Austin Boats and Motors 1208 S. R.R. 620 Lakeway TX 78734
Auto Plaza Sports & Marine 1617 First Avenue North Billings MT 59101 Badger Marine 715 Highway 73 Nekoosa WI 54457 Barnegat Bay Boat Sales 3217 Route 37 East Toms River NJ 8753 Boat Headquarters, Inc. 183 N. River St. Swanton VT 5488 Boaters Choice Marine 1331 122nd Street Chippewa Falls WI 54729 Caddie Labar's Distributing Rt. 415 Dallas PA 18612 Captain's Cove 4670 Kellog Avenue Cincinnati OH 45226 Checkered Flag Marine 800 Cameron Way Mount Vernon WA 98273 Colorado Boat Center 3850 SE Frontage Road Loveland CO 80537 Coralville Lake Marina, Inc. 2860 Prairie DuChien NE Iowa City IA 52240 Dakota Sports 2286 I-94 Business Loop Dickinson ND 58601 Darryl Moore's Marine 19075 I-45 North Spring TX 77388 David's Sport Center, Inc. 6301 N.W. 10th Street Oklahoma City OK 73127 Dawson Boat Center 2503 South Broad Street Scottsboro AL 35769 Dock Holiday Boat Sales 3108 US Highway 17 So. Orange Park FL 32003
Doug's Anchor & Marine 1560 N. Highway 20 Watertown SD 57201 Down's Marina PO Box 816/800 S. Washington Pierre SD 57501 Duchow's Boat Center 410 Kings Road Fox Lake IL 60020 Duchow's Boat Center 400 Sussex Street Pewaukee WI 53072 Etco Marine, Inc. 15366 Avenue 296 Visalia CA 93292 Family Water Sports 7401 Knickerbocker Road San Angelo TX 76904 Five Span Marina 19687 SR 637 Defiance OH 43512 Forest Fisheries 68 Nth West Street Homer NY 13077 Fun Country RV & Marine PO Box 2640 Anthony NM 88021 Glastron 2010 Signed Dealers
Dealership Address City State Zip Code Graham Marine Sales 318 W. Harden St. Graham NC 27253 Gun and Reel Sports, Inc. P.O. Box 1957 Jamestown ND 58402 Harborside Marina 27425 S. Will Road Wilmington IL 60481 Harborside Yacht Center 101 Bay Beach Road Green Bay WI 54302 Harlan's Boats R US 31 County Road 12 North Mentor MN 56736
Holiday Marine 1126 North Blvd. East Leesburg FL 34748 Ken's Marine, Inc. 2463 Jefferson Davis Hwy. Stafford VA 22554 LaCanne's 19860 Roberts Lake Blvd. Faribault MN 55021 Lime Lake Marine Route 16 Delevan NY 14042 Louis Marine 438 Boston Post Road Westbrook CT 6498 LTD Motors 17014 NW US Hwy. 441 High Springs FL 32643 Lynnhaven Marine 2150 W. Great Neck Rd. Virginia Beach VA 23451 MacCallum's Boathouse Box 744 Epsom NH 3234 MacDonald, Inc. PO Box 766 1 Marina Dr. Mahopac NY 10541
Manni's Lighthouse Landing 799 Industrial Blvd. New Kensington PA 15068 Marietta Marine 6986 Bells Ferry Road Canton GA 30114 Montana Boat Center 2531 N. Montana Avenue Helena MT 59601 Moose Landing Marina #4 Moose Landing Trail Naples ME 4055 National Boat Mart 7111 West Washington St. Indianapolis IN 46241 North Texas Marine PO Box 280 Gainesville TX 76241
North Texas Marine of Ft. Worth 1100 NE Loop 820 Ft. Worth TX 76106 Northwest Marine and Sport 2250 Commercial Avenue Pasco WA 99301 Patchogue Shores 28 Cornell Road Patchogue NY 11772 Pearson's Marina 11923 West 800 North Monticello IN 47960 Point Breeze Marine 1459-RT 9P Saratoga Springs NY 12866 Precision, Inc. 2199 N. Woodruff Idaho Falls ID 83401 Premier Motorsports 2602 S. Patterson Road Wayland MI 49348 R & R Marine 12827 Chestnut Blvd. Shakopee MN 55379 Rapid Marine of St. Cloud 1600 Hwy. 23 East St. Cloud MN 56304 Glastron 2010 Signed Dealers
Dealership Address City State Zip Code Rapid Sport Marine 1343 Andover Blvd. Ham Lake MN 55304 Ravenna Marine, Inc. 1366 E. Main Street Ravenna OH 44266 Recreation Station 2935 E. Colorado Spearfish SD 57783 River City Sports 3751 East Rosser Ave. Bismarck ND 58501 Robertson's Marine, Inc. 1045 South Main Street Salt Lake City UT 84111 Roger's Outdoor Sports 2115 W. Walnut Rogers AR 72756 Roy's Marina 479 SW Cutoff Worcester MA 1607 Sandy Creek Marina, Inc. 6512 US 180 West Breckenridge TX 76424
Sandy Creek Marina/PK 1770 FM 2951 Graford TX 76449 Seager Marine, Inc. City Pier Canandaiqua NY 14424 Shipp Motor Company 1015 Texas Blvd. Texarkana TX 75501
Shoeder's Marine & Sport Center 2230 N. Stevens St. Rhinelander WI 54501 Sigler's Marine 1774 N.W. Commerce Court Troutdale OR 97060 Smithville Marine 208 N. 169 Hwy. Smithville MO 64089 Soo Sport Sales, Inc. 2009 W. 47th Street Sioux Falls SD 57105 Spellman's Marina 1713 W. New York Ave. Oshkosh WI 54901 Stub's Marine Hwy. 29 S. PO Box 55 Alexandria MN 56308 The Tobler Marina PO Box 2230 Hayden Lake ID 83835
The Tobler Marina c/o Waterford 34940 North Lake Side Bayview ID 83803 Tideline Marine 159 Old Bridge Street Jacksonville NC 28540 Tri State Marine 1604 Industrial Road Nampa ID 83687
Twin Anchor Boats & Yachts 730 Camino Del Rio N. San Diego CA 92108
W. 741 Golden Pheasant Rd. Shelton WA 98584 White's Marina 93 Lake Road Norway ME 4268 Wichita Marine 4350 So. Broadway St. Wichita KS 67216 Wilson Marine Corp. 5866 E. Grand River Rd. Howell MI 48843
Wilson Marine Oakland 4440 Haggerty Road Commerce Township MI 48390 Glastron 2010 Signed Dealers
Dealership Address City State Zip Code Wooten's Marine, Inc. 3249 Church Street Rocky Mount NC 27804 World Boating Center 240 E. Grant Road Tucson AZ 85705 Wyoming Marine 3100 Conestoga Dr. Gillette WY 82718 Yowell's Boat Yard, Inc. 3500 Franklin Avenue Waco TX 76710
Canada Bryson's Marine Box 476 Haliburton ON K0M 1S0 Action Power 1630 1st Street Morth Brandon MB R7A 0K3 Alberta Marine 1307 21st Avenue Nanton AB T0L 1R0 Border City Box 10754 Lloydminster AB T9V 3A8 Breakwater Marine 16099 Fraser Hwy. Surrey BC V4N 0G2 D.T. Power 8160 Lake Ridge Road Uxbridge ON L9P 1R3 DeWildt Honda 450 Lake Avenue N. Hamilton ON L8E 3C2 John's Marina 3465 9th Line Beckwith Carleton Place ON K7C 4L8 Mobile Marine 235 Main Street West Huntsville ON P1H 1T1 North Country Marine 4201 Perth Road Inverary ON K0H 1X0 Paris Marine 2980 Lakefield Road Peterborough ON K9J 6X5 Rainbow Marine 14240 123 Avenue Edmonton AB T5L 2H1 Regina Marine Box 32057 RPO Victoria Sq. Regina SK S4N 7L1 Rider's Connection 4012 So. Street Cold Lake AB T9N 1P2 SG Power 730 Hillside Avenue Victoria BC V8T 1Z4 Temagamo Temagami Marine Road Temagami ON P0H 2H0 The Cove 7062 Hwy. 400 Mactier ON P0C 1H0 The Toy Box 3440 Idylwyld Drive North Saskatoon SK S7L 5Y7 Champion Dealer Agreements for 2010 as of 11/23/2009
Cust # Customer Name Address City State Zip Phone # Fax # 604029 BOB'S MARINE - CA 1608 OAKDALE RD MODESTO CA 65355 209-551-2165 209-551-2168 635010 FAT ALBERT'S MOTORSPORTS, INC. 28871 NORTHSIDE LANE POTEAU OK 74953 918-647-3069 918-647-3299 621010 LAKE DRIVE MARINE INC. 500 WARREN ROAD COLDWATER LAKE MI 49036 517-238-4651 517-238-5728 635043 NICHOL'S MARINE - MCALESTER 2208 S MAIN MCALESTER OK 74501 918-423-8848 918-423-8010 605010 VALENTINE'S MARINE 4260 S. FEDERAL WAY SHERIDAN CO 80110 3037973988 3037973688 648010 WARNER'S DOCK, INC. 1020 N. KNOWLES AVE NEW RICHMOND WI 54017 7152466856 7152466859 STRATOS DEALERS
DLR 10 AGREEMENT REP # DEALERSHIPCONTACT ADDRESS ADDRESS 2 CITY ST ZIP COUNTRY SIGNED MM 31‐E Marine Rufus Bullock 12870 Scottsville Road Lucas KY 42156 United States MF 103650 72 East Marine Sales Andy Johnson 3336 Calhoun Falls Hwy Elberton GA 30635 United States X RE 90884 Accent Marine, Inc. Ted Meyer 10414 Highway 92 E. Tampa FL 33610 United States X RE 93003 Advanced Marine Services, LLC Jason Wagner 1322 Carolina Avenue St. Cloud FL 34769 United States X VF Aeromarine REID MITCHELL 4400 VALLEY RD Birmingham AL 35235 United States VF Alabama Watersports, LLC Coogan Preston 8390 Highway 72 Athens AL 35611 United States DS 700510 Alberta Marine Greg Beauchamp 1307 21st Avenue Nanton AB T0L 1R0 Canada X GL Alʹs Specialty Service, Inc. Joe Bruggenthies 4090 North Broadway, Box 6421 Rochester MN 55906 United States GL American Marine, Inc Cory Wiltse PO Box 674 522 East State Street Algona IA 50511 United States RG Amistad Marine Jim Criswell HCR 3, Box 24E; Hwy 90 W. Del Rio TX 78840 United States RE 450230 Anglerʹs Choice Sandi Loganadan 6771 A.L. PHILPOTT HWY Martinsville VA 24112 United States X JP Anglerʹs Edge Fishing & Marine EJ Dilonardo 217 E Riverside Blvd Loves Park IL 61111 United States KT Anglers Marine Rick Grover 3475 E. LaPalma Ave. Anaheim CA 92806 United States KT Anglers Marine ART BAILEY 3475 E LA PALMA Santee CA 92806 United States RK Arbuckle Sports Ctr., Inc. Ron Risner P.O. Box 36 1/2 Mile East Highway 7 Davis OK 73030 United States MF Arrowhead Marine Robert Bennett 261 Bennett Dr. Spring City TN 37381 United States RG 170079 Ascension Marine, Inc Joel Campanile 17475 Airline Hwy. P.O. Box 758 Prairieville LA 70769 United States X MF 100460 Augusta Marine David Whyte 1547 Gordon Highway Augusta GA 30906 United States X RG Austin Boats & Motors Martin Boyer 1208 RR 620 South Austin TX 78734 United States VF B & B Outdoors Randy Beechan 713 US Hwy 45 S Henderson TN 38340 United States RK 30015 Barling Boat Sales, Inc Will Eckelhoff 6401 S. Zero Street Ft. Smith AR 72903 United States X RK Bayer Marine Kenny Bayer 4424 South Mingo Tulsa OK 74146 United States JP Bedford Sales Sam Rosefsky 879 Bedford Road Morris IL 60450 United States DS 701121 Belleville Sports & Lawn Brian Hadley 128 Church Street Belleville ON K8N 3B8 Canada X GL Billʹs Marine BILL LONG 231 South Hwy 37 Monett MO 65708 United States GL Blakeʹs Marine Rick Blake 434 Highway 2 West Devils Lake ND 58301 United States KT Bobʹs Marine Bill Donaleski 1608 Oakdale Road Modesto CA 95355 United States DS Bridgenorth Sports & Marine Frank Latham 893 Garthone Ave PO BOX 323 Bridgenorth ON K0L 1H0 Canada X JP 120025 Buellʹs Marine Inc. Tad Patrich 700 E. Linn Canton IL 61520 United States X RE Burkeʹs Marina, Inc. Michael Burke Box 572, Rt 28 Raquette Lake NY 13436 United States VF C & O Marine Craig Odom 1183 Petty Rd. White Bluff TN 37187 United States VF C & O Marine Gallatin TN GL CABELAʹS WHOLESALE INC/KS Chuck Landis 10300 CABELA DR. Kansas City KS 66111 United States RG CABELAʹS WHOLESALE INC/LA MIKE PAYNE 2200 WEST CABELAʹS PARKWAY Gonzales LA 70737 United States PK CABELAʹS WHOLESALE INC/MI Joe Brooks 110 Cabela Blvd East Dundee MI 48131 United States GL CABELAʹS WHOLESALE INC/NE Dale Cleveland 115 Cabela Drive Sidney NE 69162 United States GL CABELAʹS WHOLESALE INC/SD Lloyd Sybert 601 Cabela Drive Mitchell SD 57301 United States RG CABELAʹS WHOLESALE INC/TX Dennis Highby 12901 Cabela Drive Fort Worth TX 76177 United States KT CABELAʹS WHOLESALE INC/AZ JON LARSON 9380 WEST GLENDALE AVE Glendale AZ 85305 United States GL CABELAʹS WHOLESALE INC/ OWAT Jeff Honsey 3900 CABELA DR Owatonna MN 55060 United States JP CABELAʹS WHOLESALE INC/IL MIKE BOLDRICK 5225 PRAIRIE STONE PARKWAY Hoffman Estates IL 60192 United States MM CABELAʹS WHOLESALE INC/IN MONTY GRAY 7700 Cabela DR Hammond IN 46324 United States GL CABELAʹS WHOLESALE INC/LA VIST JONAHAN LARSEN 12703 WESTPORT PARKWAY La Vista NE 68128 United States GL CABELAʹS WHOLESALE INC/MN Greg Johnson 20200 ROGERS DR Rogers MN 55374 United States SL CABELAʹS WHOLESALE INC/WI David Broadway One Cabela LN Richfield WI 53076 United States GL Canon Marine Inc Dave or Sue Gouveia 119 North Cottonwood AVE Canon City CO 81212 United States RE Central Florida Yamaha Inc. Thomas Dazevedo 730 US 27 North Lake Placid FL 33852 United States RE 90940 Century Marine Don Grant 8001 N Century Blvd Century FL 32535 United States X MF 410025 Chattanooga Fish n Fun Lee Haas 1730 N GOLDPOINT RD Hixson TN 37343 United States X STRATOS DEALERS
DLR 10 AGREEMENT REP # DEALERSHIPCONTACT ADDRESS ADDRESS 2 CITY ST ZIP COUNTRY SIGNED RG 170015 Cheekʹs Marine Steve Berry 3202 Industrial Alexandria LA 71301 United States X RE 327330 Collins, Inc Les Collins 4620 US 70B East Smithfield NC 27577 United States X KT 480010 Conrathʹs Spokane Valley Marine Dan Conrath 11704 E. Montgomery Dr. Spokane WA 99206 United States X RE 328750 Couick Marine Raeford Couick PO Box 101 3613 Providence Road North Waxhaw NC 28173 United States X RE CREWS N II OUTBOARD MIKE THOMAS 850685 US HWY Jacksonville FL 32097 United States MF 103000 Dalton Marine Phyllis Roberts P.O. Box 3007 1117 Murray Ave. Dalton GA 30721 United States X MF 103010 Dalton Marine Phyllis Roberts 4725 Highway 92 Acworth GA 30102 United States X GL 400015 Dan Oʹs Marine Sales & Service Dan O Poppen 1900 9TH AVE Southwest Watertown SD 57201 United States X VF Dawson Boat Center Greg Dawson 2503 S. Broad Street Scottsboro AL 35769 United States MM Dayʹs Boat Sales Bill Day II 1561 Versailles Rd. Frankfort KY 40601 United States RE Dinbokowitz Marine Thomas Dinbokowitz 2946 MacArthur Road, Rt. 145 Whitehall PA 18052 United States MM Dixie Marine Bruce Cunigan 5739 Dixie Hwy. Fairfield OH 45014 United States DS 700550 DT Powersports Greg Booth 8160 Lakeridge Road RR#3 Uxbridge ON L9P 1R3 Canada X VF Duncan Marine Gary Pace 1208 Old Fannin Road Brandon MS 39047 United States GL EBERLIN BOATS & MOTORS, INC DALE EBERLIN 2310 HWY 100 Hermann MO 65041 United States DS Emerald Isle Marina Limited Brian Maybury 1250 Emerald Isle Rd Ennismore ON K0L 1T0 Canada RG Family Powersports/ San Angelo Morris Baker 4160 Houston Harte Expressway San Angelo TX 79601 United States RG Family Powersports/ Weatherford Morris Baker 1811 Ft Worth Highway Weatherford TX 76086 United States RE Forest Fisheries Ed Vernum 68 North West St. Homer NY 13077 United States DS Free Spirit Marine Thane Tupper 9930‐65 Ave NW Edmonton AB T6E 0K9 Canada MM 340386 Freedom Outdoors Scott Hale 45 Duis Avenue Wheelersburg OH 45694 United States X GL Frontier Powersports, LLC Mark Moxness 712 Frontier Drive Fergus Falls MN 56537 United States RG G & F SPORTING Eric Boudreaux 2340 HWY 182 Raceland LA 70394 United States RE 323400 Graham Marine Sales Allen & Melanie Hutchins 318 W. Harden St. Graham NC 27253 United States X RE 327450 GREENE BOAT & MOTOR Andy Greene 231 OAKLAND RD Spindale NC 28160 United States X SL Hayward Power Sports Jayne Schroeder 12305 W State Hwy 77 Hayward WI 54843 United States MF 100010 HD Marine Lee Dodgen 679 BUFORD HWY Buford GA 30518 UNITED STATES X SL Holmen Marine, Ltd. LeRoy Holley 116 Holmen Dr Holmen WI 54636 United States RG I‐27 Marine & RV Doug Parsley 2604 Texas Ave Lubbock TX 79404 United States GL J & K Marine Kevin Tinjum 24147 Wine Lake Road Detroit Lakes MN 56501 United States MM 164001 Jet‐A‐Marina Kerry Clark PO Box 96 4616 HWY 62 Calvert City KY 42029 United States X MM Knox Marine Marty Chitwood 13285 Netherland Rd. Fredericktown OH 43019 United States JP 120040 Lake Sara Marina Howard Janis 500 Keller Drive Effingham IL 62401 United States X PK 210015 Lindyʹs Sales, Inc Lisa Valentine 9051 M‐25 Fairgrove MI 48733 United States X RG 1701025 Ludwig Brothers Marine, LLC Matt Ludwig 110 Old Highway 15 Farmerville LA 71241 United States X SL Main Marine & Ski Jim Meyer 1101 N. Main St. Racine WI 53402 United States RE Mare Inc. Brian Lancaster 7006 Blue Mountain Rd. Thurmont MD 21788 United States RG Marine Outlet Rick Smith 4410 S General Bruce Drive Temple TX 76502 United States KT 40956 Marine Unlimited Brant Behler 3335 Standish Ave Santa Rosa CA 95407 United States X RE Markʹs Truck Center Mark Meyer 111 South Main ST Churchville NY 14428 United States MM 410030 Mid‐ South Boat Sales Corey Bynum 575 Alfred Thun RD Clarksville TN 37040 United States X VF Mims Marine Kendal (Boonie) Mims 55 County Road 935 Jemison AL 35085 United States PK 130010 Moore Boats Todd Moore 281 U.S. 6 W. P.O. Box 320 Ligonier IN 46767 United States X MF 410010 Morristown Marine Sam Phillips 2905 CHEROKEE PARK RD. Morristown TN 37814 United States X MM 470500 Mountaineer Boat Sales, Inc. Rock Meador 422 Ritter Drive PO Box 38 Beaver WV 25813 United States X JP Nameoki Village Marine Michael McCormick 4300 Nameoki Road Granite City IL 62040 United States GL Nelson Marine Motor Service CHRIS KAPISAKE 3800 HWY 61 NORTH White Bear Lake MN 55110 United States VF North River Marine, Inc Randall Clark 600 64TH AVE Northport AL 35476 United States DS 700505 Orleans Boat World Marc Savage 701 Taylor Creek Drive Orleans ON K1C 1T1 Canada X STRATOS DEALERS
DLR 10 AGREEMENT REP # DEALERSHIPCONTACT ADDRESS ADDRESS 2 CITY ST ZIP COUNTRY SIGNED KT Pacific Marine Center Marty Krikorian 10432 Highway 41 Madera CA 93638 United States SL Pampʹs Outboard Wendy Heim 412 S. Taylor Street Green Bay WI 54303 United States DS 708009 Philʹs Auto & Recreation Phil Barrett 2709 RT 102 Lincoln NB E3B 7E4 Canada X MM Pittsburg Marine David Oliver 1828 N Laurel Rd London KY 40741 United States DS Plummerʹs Marine LULU PLUMMER 1495 PEMBROOKE ST W Pembroke ON K8A 7A5 Canada JP 120050 Power Sports Marine Larry C Marks 300 East Main Street Marion IL 62959 United States X RK Premier Powersports, LLC Scott Little 6500 SE 74th Street Oklahoma City OK 73135 United States RK 30010 R & H Marine & Boat Sales Ron & Helen Weiss 1314 Central Blvd Bull Shoals AR 72619 United States X MM 161001 Renegade Marine & Outdoor Sherbert Vanmeter P.O. Box 629 415 Commerce Drive Litchfield KY 42755 United States X GL River City Sports Gary Van Beek 3751 E. Rosser Avenue Bismarck ND 58501 United States RE RJ Marine Sales, Inc Bob Makaravge 441 Moyallen Street Wilkes Barre PA 18702 United States RK 30020 Rogers Outdoor, LLC Bryan Hunt 2115 West Walnut Rogers AR 72756 United States X RE 90825 Roland Martin Marine Center Mary Ann Martin 910 Okeechobee Blvd Clewiston FL 33440 United States X DS 706009 Roy F Lewis Enterprises, Ltd Roy Lewis 275 Webb Road, RR#3 Stouffville ON L4A‐7X4 Canada X SL 480050 Shoederʹs RV & Marine Keith Shoeder 2230 North Stevens Street Rhinelander WI 54501 United States X RG 300015 Smith RV & Marine Inc. Kevin Smith 1920 East 1st Street Clovis NM 88101 United States X GL 247530 Smithville Marine, Inc. Joann Austin 208 N 169 Hwy PO Box 399 Smithville MO 64089 United States X GL Soo Sport Sales MIKE OYEN 2009 W. 47th St. Sioux Falls SD 57105 United States MM Southern Indiana Marine Gene Calloway 851 South Gardner Scottsburg IN 47170 United States SL Spellmanʹs, Inc. Tim Doberstein 1713 W. New York Ave. Oshkosh WI 54901 United States RK Spencerʹs Marine Spencer Henderson 6813 Princeton Pike White Hall AR 71602 United States MF 415320 Sportsman Center Bobby Cook 207 Fair St. Livingston TN 38570 United States X RK Steveʹs Marine ‐ OK Rodney Stevenson Rt. 4, Box 77 Broken Bow OK 74728 United States RK 350020 Stillwater Marine Ronald Hopkins 9220 West 6th Stillwater OK 74074 United States X RE 390025 Strickland Marine Center/ Anderson David Strickland 4360 Highway 24 Anderson SC 29626 United States X RE 90530 Strickland Marine Center/ Seneca David Strickland 1771 Blue Ridge Road Seneca SC 29672 United States X DS 700520 Sturgeon Falls Auto Sports & M Mike Renaud 114 Front Street Sturgeon Falls ON P2B 2H8 Canada X RG Terryʹs Marine Terry Harshbarger 8061 South US Hwy 59 Nacogdoches TX 75964 United States RG Texas Marine of Beaumont, Inc. Michael Hebert 1140 IH‐10 North Beaumont TX 77702 United States RG Texas Marine of Clear Lake, In Mike Hebert 2700 NASA Road 1 Seabrook TX 77586 United States RG Texas Marine of Houston, Inc. Mike Phillips 1107 IH‐45 South Conroe TX 77301 United States RE Thayerʹs Marine & RV Dick Thayer 14 Falls Ave Norwich CT 6360 United States MM 136870 The Boat Place Inc. Terry Dalton 24 S. Boat Place Blvd. Rockville IN 47872 United States X MF 410035 Timʹs Ford Powersports Marty Coe 5417 Lynchburg Road Winchester TN 37398 United States X RE Towne Marine Kevin Knouse 396 Bissetts Lane Bloomsburg PA 17815 United States RE 323180 Tri County Marine & Sports Mike Carr 2780 Connelly Rd. Granite Falls NC 28630 United States X GL Tri‐State Marine Denny Burrow 1604 Industrial Rd Nampa ID 83687 United States RE 94003 Tri‐State Marine of Florida, I John Cutrer 4400 Blountstown Highway Tallahassee FL 32304 United States X PK 340734 Vicʹs Sports Center Vic/ Tom Vatalaro 2039 Tallmadge Rd. Kent OH 44240 United States X SL 485480 Warnerʹs Dock Nate Warner 928 North Knowles Ave. New Richmond WI 54017 United States X KT 110010 Western Marine, Inc Terry Petty 1205 INDUSTRIAL RD Nampa ID 83687 United States X PK 214170 Wonderland Marine West Paul Mitter 5796 E. Grand River Howell MI 48843 United States X RK 36480 Woody Futrell Marine Woody Futrell 1430 West Leslie St. P.O. Box 217 Nashville AR 71852 United States X RK 36485 Woody Futrell Marine Woody Futrell 4931 Central Ave Hot Springs AR 71913 United States X MM Wrights Riverside Marine, Inc. Daniel Holdren 51 Riverview Estates Rt. 2 S. St. Marys WV 26170 United States SL Zacho Sports Center, Inc. Mike Emberson 2449 State Hwy. 53 Chippewa Falls WI 54729 United States
11/20/2009 RANGER DEALERS
DLR 10 AGREEMENT 09 PREMIER REP # DEALER CONTACT ADDRESS1 CITY ST ZIP SIGNED AGREEMENT SIGNED MF 25242 72 MARINE SALES, INC Andy Johnson 3336 Calhoun Falls Highway Elberton GA 30635 X VF 25043 AIRPORT MARINE, INC Ken & Linda Hollis 424 HWY 87 Alabaster AL 35007 X DS 25160 ALBERTA MARINE Greg Beauchamp 1307 21 Avenue Nanton AB T0L 1R0 X X GL 178 ALʹS SPECIALTY SRVC. INC Al Bruggenthies 4090 North Broadway Rochester MN 55906 X X RG 620 AMISTAD MARINE Jim Criswell 7348 West US 90 Del Rio TX 78840 X RE ANCHORʹS AWEIGH MARINE Charles Shoup 1600 North 2nd Street Fort Pierce FL 34950 RE 107 ANGLERʹS CHOICE,INC Nick or Sandra Loganadan 6771 A.L. Philpott Highway Martinsville VA 24112 X JP 224 ANGLERʹS EDGE FISH.& MAR. E. J. Dilonardo 217 E Riverside Blvd Loves Park IL 61111 X KT 25017 ANGLERS MARINE Richard Grover 3475 E La Palma Avenue Anaheim CA 92806 X KT 25168 ANGLERS MARINE/SAN DIEGO Rick Grover/Art Bailey 10960 Wheatlands Avenue Santee CA 92071 X GL 25185 ANGLERʹS PORT MARINE Dennis Morgan 13979 Highway 7 Warsaw MO 65355 X X JP 191 AQUATECH MARINE Lon Clary 247 Broadway Quincy IL 62301 X MF ARROWHEAD MARINE Robert Bennett 261 Bennett Drive Spring City TN 37381 RG 25149 ASCENSION MARINE INC Joel Campanile 17475 Airline Highway Prairieville LA 70769 X X MF 25083 AUGUSTA MARINE David Whyte 1547 Gordon Highway Augusta GA 30906 X X RG 25114 AUSTIN BOATS & MOTORS INC Jeffery Parker 1208 R.R. 620 South Austin TX 78734 X X RK 25036 BARLING BOAT SALES, INC. William Eckelhoff 6401 South Zero Fort Smith AR 72903 X X DS 25237 BAY MARINE Brent Bristow PO Box 632 Trenton ONT K8V 5W6 X X JP 685 BEDFORD SALES Sam Rosefsky 879 Bedford Road Morris IL 60450 X X VF 502 BEECH LAKE MARINE Barney or Pam Myracle 105 Seahorse Drive Lexington TN 38351 X JP 47 BELLEVILLE SPORT SALES Gary Hazelhorst 1404 West Blvd Belleville IL 62221 X X GL 592 BILLʹS MARINE Bill Long 231 South Hwy 37 Monett MO 65708 X X GL 25073 BLACKHAWK MARINE Larry Job 11300 JB Road Black Hawk SD 57718 X X GL 25140 BLAKESʹ MARINE & SPORTS Rick Blake 434 Highway 2 West Devils Lake ND 58301 X X MF 25093 BLOUNT MARINE LLC Dennis Garner 3317 US Highway 411 South Maryville TN 37801 X X GL BOAT FARM, LTD Kirk Klohs 37484 200TH Street Lemars IA 51031 PK 857 BOAT FISH FUN SHOP James Adams 1409 Old State, Rt 119 Mt Pleasant PA 15666 X SL 25194 BOATERS CHOICE MARINE INC Matt Asplund 1331 122nd Street Chippewa Falls WI 54729 X GL 25182 BOBʹS MARINE, INC Bob & Deb Hutchcroft PO Box 2 Bellevue IA 52031 X VF 910 BOYDS MARINE INC. Julian Boyd 2481 HWY 431 N Dothan AL 36303 X VF 645 BUCKʹS ISLAND MARINA A. P. (Tony) Lumpkin 4500 Highway 77 Southside AL 35907 X JP 922 BUELLʹS MARINE INC. Tad Putrich 700 East Linn Canton IL 61520 X X GL 25196 BUNDYʹS MARINE PRODUCTS Wayne Bundy 1410 Prairie Lane Barr Nunn WY 82604 X KT 25187 C & C MARINE Jim Moulton 747 South 9th Street Modesto CA 95351 X X KT 25243 CABELAʹS WHOLESALE INC/AZ Paul Cormany 9380 WEST GLENDALE AVE Glendale AZ 85305 X GL 25038 CABELAʹS WHOLESALE INC/KC Scott Clevenger 10300 Cabela Drive Kansas City KS 66111 X RG 25189 CABELAʹS WHOLESALE INC/LA Chris Day 2200 W Cabelas Parkway Gonzales LA 70737 X GL 25188 CABELAʹS WHOLESALE INC/LV Jonathan Larsen 12703 Westport Parkway La Vista NE 68128 X PK 25003 CABELAʹS WHOLESALE INC/MI Dan Burke 110 Cabela Blvd East Dundee MI 48131 X GL 25002 CABELAʹS WHOLESALE INC/NE Dale Cleveland 115 CABELA DR Sidney NE 69160 X KT CABELAʹS WHOLESALE INC/WA Bill Ross 1600 Gateway Blvd NE Lacey WA 98516 RG 25238 CABELAʹS WHOLESALE/ TX Chris Davis 12901 Cabela Drive Fort Worth TX 76177 X RE 25221 CALUSA ISLAND MARINA Andrew Barksdale 385 Angler Drive Goodland FL 34140 X KT 25034 CAPITOL CITY MARINE, INC Mike Van Wagner 7812 Auburn Blvd Citrus Heights CA 95610 X X GL 25171 CENTRAL MARINE & SPORTS INC Eric & Darcy Thesing 5110 County Road 13 NE Carlos MN 56319 X X MF 25045 CHATTANOOGA FISHN FUN LLC Lee or Mary Haas 1730 North Goldpoint Road Hixson TN 37343 X X RANGER DEALERS
DLR 10 AGREEMENT 09 PREMIER REP # DEALER CONTACT ADDRESS1 CITY ST ZIP SIGNED AGREEMENT SIGNED RG 2115 CHEEKʹS MARINE Steve Berry 3202 Industrial Alexandria LA 71301 X X RE 25152 COLLINS, INC Les Collins 4620 US 70 B East Smithfield NC 27577 X X GL 25075 CORNER SPORTS INC Ray Hernesman 1728 Fern Street NW Bemidji MN 56601 X GL 25116 COWTOWN USA INC Rick Damouth 413 Daniels Road Cuba MO 65453 X X GL 25217 CROWLEY MARINE, INC Dave & Lori Crowley 1401 Ulster Street Denver CO 80220 X X GL D & E SPORT SHOP Dale Smedsmo PO Box 359 Roseau MN 56751 MF 109 DALTON MARINE Phyllis Roberts PO Box 3007 Dalton GA 30721 X X MF 183 DALTON MARINE Phyllis Roberts 4725 Highway 92 Acworth GA 30102 X X GL 25010 DAN OʹS MARINE SALES Dan O. Poppen 1900 9TH Avenue SW Watertown SD 57201 X X RE 25064 DAVID FRITTS OUTDOORS INC Sammy Bray PO Box 29 Welcome NC 27374 X MM 25092 DAYʹS BOAT SALES LLC Bill Day II 1561 Versailles Road Frankfort KY 40601 X X RE 112 DENVER RECREATIONAL MAR. Danny McCall PO Box 571 Denver NC 28037 X X RG 25239 DIAMOND SPORTS MARINE/ DALLAS Ben Hogan or Mike Garner 268 Southern Drive Rockwall TX 75087 X X RG 25032 DIAMOND SPORTS MARINE/ YANTIS Ben Hogan or Mike Garner 3910 W Highway 154 Yantis TX 75497 X X MM 273 DIXIE MARINE Bill Lewis 5739 Dixie Highway Fairfield OH 45014 X X DS 25142 DT POWERSPORTS & MARINE Greg Booth 8160 Lakeridge Road Uxbridge ON L9P 1R3 X X VF 25070 DUNCAN MARINE Charles E Smith 1208 Old Fannin Road Brandon MS 39047 X GL 164 FRANKIES MARINE, LLC Frankie & Debbie Dusenka PO Box 0 Chisago City MN 55013 X X DS FREE SPIRIT MARINE INC Thane Tupper 9930‐65 Avenue Edmonton AB T6E 0K9 MM 25234 FREEDOM OUTDOORS Scott Hale 45 Duis Avenue Wheelersburg OH 45694 X RE 25241 GAGNONʹS BOATS & MOTORS, INC Kurt Gagnon PO Box G Livermore ME 04254 X MF 197 H D MARINE,INC. Lee Dodgen 679 Buford Highway Buford GA 30518 X X RK 25226 H2O SPORTZ & MARINE Ken Adamson 4100 Rixey Road Sherwood AR 72117 X RE 25134 HANAFIN MARINE Mark Hanafin 6352 RT 17 C Endicott NY 13760 X X JP 591 HANKS SALES & SERVICE Henry Schiesser 606 OʹBannon Raymond IL 62560 X SL HAYWARD POWER SPORTS INC Bryon Schroeder 12305 West Highway 77 Hayward WI 54843 GL 25193 HERNESMAN BOAT GROUP INC Dave Hernesman 2115 S.E. Main Avenue Moorhead MN 56560 X DS 25059 HILLSIDE POWER PRODUCTS (2008) LTD. Glen Henderson PO Box 96 Traverse Bay MB R0E 2A0 X SL HOLMEN PAWN GUN & MARINE Leroy Holley PO Box 67 Holmen WI 54636 RE HOPPYʹS MAR. & SPORTS CTR Mickey Ingram 31499 Highway 27 Haines City FL 33844 RE 25098 ISLAMORADA BOAT CENTER Brian Lesko 81954 Overseas Highway Islamorada FL 33036 X MM 108 JET‐A‐MARINA Kerry Clark PO Box 96 Calvert City KY 42029 X X RE 25065 JOELʹS OUTBOARD SERV INC Joel Feeger 615 N Andrews Avenue Ft Lauderdale FL 33311 X GL KENNEDY MARINE Kevin Kennedy 4625 6th Street Southwest Cedar Rapids IA 52404 MM 25124 KNOX MARINE LTD Marty Chitwood 13285 Netherland Road RT#5 Fredericktown OH 43019 X X JP 110 LAKE SARA MARINA Howard Janis PO Box 791 Effingham IL 62401 X RE 25078 LAND O LAKES MARINE INC David Hipps 3208 Land O Lakes Blvd Land O Lakes FL 34639 X RE 25236 LEGENDARY MARINE/ AL Drew Wilson 3977 Highway 59 South Gulf Shores AL 36542 X RE 25235 LEGENDARY MARINE/ FL Fred Pace 4601 Legendary Marina Drive Destin FL 32541 X PK 25178 LINDYʹS SALES INC Donald Lindenburg 9051 M‐25 Fairgrove MI 48733 X X RG 25229 LUDWIG BROTHERS MARINE, LLC Matt Ludwig 110 Old Highway 15 Farmerville LA 71241 X X SL 25219 M & J MARINE Ray Polzer 1480 Kronenwetter Drive Mosinee WI 54455 X RE 206 MAIDEN CREEK MARINE Glen Buss 14035 Kutztown Road Fleetwood PA 19522 X DS 25195 MAPLE CITY MARINE LTD Robert Ruze 680 Grand Avenue East Chatham ON N7L 1X6 X RE 868 MARE, INC Brian Lancaster 7006 Blue Mountain Road Thurmont MD 21788 X X RG 25228 MARINE OUTLET, INC Rick Smith 4410 S General Bruce Drive Temple TX 76502 X RANGER DEALERS
DLR 10 AGREEMENT 09 PREMIER REP # DEALER CONTACT ADDRESS1 CITY ST ZIP SIGNED AGREEMENT SIGNED KT 25183 MARINE UNLIMITED Brant Behler 3335 Standish Avenue Santa Rosa CA 95407 X X RE 254 MARSHALLS MARINE Marshall Altman 114 E Myrtle Beach Highway Lake City SC 29560 X GL 25163 MATTAS MARINE & RV Brad Mattas 2308 Highway 6 & 50 Grand Junction CO 81505 X X PK 25121 MATTESON MARINE SOUTH INC Kevin Matteson 12001 Marsh Road Shelbyville MI 49344 X X SL 25000 MAZANET MARINA INC Bill Mazanet 5320 Bluebill Drive Madison WI 53704 X X RG 25213 METRO BOATING George Haydel III 3028 4th Street Harvey LA 70058 X MM 25179 MID SOUTH BOAT SALES Corey Bynum 575 Alfred Thun Road Clarksville TN 37040 X X MM 25044 MID‐STATE MAR. & CYCLE,IN Wanda Larch or Andy Godwin PO Box 117 Sutton WV 26601 X X MM 629 MOORE BOATS Todd Moore PO Box 320 Ligonier IN 46767 X X GL 117 MORITZ SPORT & MARINE Eric Moritz 2540 Marina Road SE Mandan ND 58554 X X RE MOSQUITO LAGOON OUTFITTER Charles Shoup 22 N Washington Avenue Titusville FL 32796 SL 169 M‐W MARINE,INC. Mike Pekrul 11901 W Janesville Road Hales Corners WI 53130 X JP 25068 NAMEOKI VILLAGE MARINE Terry McCormick 4300 Nameoki Road Granite City IL 62040 X X RK 25215 NICHOLʹS MARINE/ AFTON Gary Nichols 26600 South Hwy 125 Afton OK 74331 X RK 25216 NICHOLʹS MARINE/ NORMAN Gary Nichols 1700 Ann Braden Blvd Norman OK 73071 X RK 25220 NICHOLʹS MARINE/ TULSA Gary Nichols 6556 East 21st Tulsa OK 74129 X RG 25197 NICHOLʹS MARINE/ TX Gary Nichols 5008 Judson Road Longview TX 75605 X GL 25199 NISSWA MARINE INC Steven Wiczek 24238 Smiley Road Nisswa MN 56468 X X RE NORTH JERSEY MARINE SALES Harvey Knight 9 Howard Blvd Mt Arlington NJ 07856 GL ONEWAY MARINE & MOTORSPORTS Dan Chovanak 3186 Highway 12 East Helena MT 59601 DS 25222 ORLEANS BOAT WORLD Marc Savage 701 Taylor Creek Drive Ottawa ONT K1C‐1T1 X KT 25176 PACIFIC BOATLAND Dave Lanphear 11704 NE Highway 99 Vancouver WA 98686 X X KT 25214 PACIFIC MARINE CENTER, INC Sona Vartanian 10432 Highway 41 Madera CA 93638 X X SL 155 PAMPʹS OUTBOARD Wendy Heim 412 S Taylor Street Green Bay WI 54303 X X VF 266 PERFORMANCE MARINE Will Dupler 117 Gardner Blvd Columbus MS 39702 X X GL 25230 PIERRE SPORTS CENTER, INC Craig Novak 1440 North Garfield Ave Pierre SD 57501 X X MM 19617 PITTSBURG MARINE David & Jimmy Oliver 1828 N Larurel Road London KY 40741 X X RG 25240 PRO ANGLER MARINE, INC Homero Tamez 411 East Expressway 83 San Juan TXC 78589 X X SL 25233 QUAMS MOTOR SPORTS John Quam 1896 Barber Drive Stoughton WI 53589 X X RK 25023 R & H MARINE & BT SALES Ron or Helen Wiess 1314 Central Blvd Bull Shoals AR 72619 X X GL 25173 R & R MARINE/ SHAKOPEE Douglas Hough 12827 Chestnut Blvd Shakopee MN 55379 X MM 168 R & W BOAT REPAIR INC. Woody Gardner 1011 North Mulberry Elizabethtown KY 42701 X RE R. J. MARINE SALES INC Bob Makaravge 441 Moyallen Street Wilke‐Barre PA 18702 GL 25172 RAPID SPORT CENTER INC/HL Jake Jacobson 1343 Andover Blvd Ham Lake MN 55304 X GL 25174 RAPID SPORT CENTER INC/ST Douglas Hough 1600 Highway 23 East St Cloud MN 56304 X GL 20585 RAYS SPORT & MARINE Ray Hernesman 710 NE 4th Street Grand Rapids MN 55744 X RG 913 REEVES MARINE CENTER,INC. Rodney Reeves 2000 Reeves Marine Drive Bossier City LA 71112 X JP REND LAKE MARINA INC Stephen Vercellino 8955 West Dam Lane Benton IL 62812 RE 25169 REYNOLDS GARAGE & MARINE Gary/Tom Reynolds 264 Hamburg Road Lyme CT 06371 X KT 25161 RIVER MARINE SALES LLC Kelly Leigh 2175 East 16th Street Yuma AZ 85365 X GL 25024 RJ SPORTS & CYCLE Ray Hernesman 4918 Miller Trune Highway Duluth MN 55811 X KT 2369 ROBERTSONʹS MARINE, INC. Susan Robertson 1045 South Main Salt Lake City UT 84111 X X RG 25106 ROCKPORT MARINE INC Russell Dunnam 2910 Highway 35 South Rockport TX 78382 X RK 25212 ROGERS OUTDOOR SPORTS, LL Bryan Hunt 2115 Wwest Walnut Rogers AR 72756 X X RE 25115 SAN CARLOS MARINA INC Scott Rush 3300 Palm Beach Blvd Fort Myers FL 33916 X GL SEDALIA OUTDOOR SPORTS Greg Banaka PO Box 1201 Sedalia MO 65301 RANGER DEALERS
DLR 10 AGREEMENT 09 PREMIER REP # DEALER CONTACT ADDRESS1 CITY ST ZIP SIGNED AGREEMENT SIGNED GL 215 SHADY CREEK SALES, INC Mike Morgan PO Box 287 El Dorado KS 67042 X X SL 25218 SHOEDERS RV & MARINE Keith Shoeder 2230 North Stevens Street Rhinelander WI 54301 X X RG 25053 SMITH RV & MARINE INC Kevin Smith 920 E 1ST Clovis NM 88101 X X GL 133 SOO SPORT SALES Mike Oyen 2009 W 47TH ST Sioux Falls SD 57105 X X MM 204 SOUTHERN INDIANA MARINE Gene Calloway 851 South Gardner Scottsburg IN 47170 X X KT 788 SPOKANE VALLEY MARINE, INC Dan Conrath 11704 E Montgomery Drive Spokane WA 99206 X X RE 25211 SPORT CITY, INC Robert B Kidd 4121 South Pine Avenue Ocala FL 34480 X GL 245 SPORT WORLD BOAT CENTER Gary Burris 11909 N State Highway 5 Sunrise Beach MO 65079 X X MF SPORTSMAN CENTER Robert Cook 207 Fair Street Livingston TN 38570 VF 25112 STATELINE MARINE William Callahan 1045 County Road 212 Lanett AL 36863 X RK 395 STILLWATER MARINE INC. Ronald Hopkins 9220 West 6th Stillwater OK 74074 X X RE 25018 STRICKLAND MARINE CENTER David Strickland 4520 Highway 24 Anderson SC 29626 X X DS 25186 STURGEON FALLS AUTO SPORT Mike Renaud 114 Front Street Stugeon Falls ON P2B 2H8 X MM 378 TEDS AQUA MARINE, INC. Ted Novicki 4600 Bluff Road Indianapolis IN 46217 X X RG TERRYʹS MARINE/ TX Terry Harshbarger 8061 US Highway 59 South Nacogdoches TX 75964 RG 25105 TEXAS MARINE BEAUMONT INC Michael Hebert 1140 IH‐10 North Beaumont TX 77702 X X RG 25101 TEXAS MARINE OF CLEARLAKE Michael Hebert 2700 Nasa Road 1 Seabrook TX 77586 X X RG 25100 TEXAS MARINE OF HOUSTON Michael Hebert 1107 IH 45 South Conroe TX 77301 X X RG 641 THE BOAT CENTER INC. David Onstott 22036 Highway 155 South Flint TX 75762 X X GL 119 THE BOAT SHOP, INC. Louis & Heather Cash 1637 Highway AA Poplar Bluff MO 63901 X X MF 774 TOMS MARINE Martha Miller 2040 Buffalo Trail Morristown TN 37814 X X RK 128 TRADER BILLʹS MARINE Bill & Becky Elliot PO Box 2496 Hot Springs AR 71913 X X RE 25099 TRI‐STATE MARINE John Cutrer 4400 Blountstown Highway Tallahasse FL 32304 X JP TWIN CITY MARINE INC Todd Tucker 2415 Highway 67 Festus MO 63028 PK 25143 VICʹS SPORTS CENTER INC Vic Vatalaro 2039 Tallmadge Road Kent OH 44240 X X RE 240 VT.HOME & MARINE, INC. James Salter 323 Industrial Avenue Williston VT 05495 X GL WATERS EDGE MARINE, INC. Cory Batterson 6060 NW Beaver Drive Johnston IA 50131 MF 25131 WATSONʹS MARINE Sheryl Watson/ Aaron Greene 4095 Highway 11 East Bluff City TN 37618 X KT 102 WESTERN MARINE, INC. Terry Petty 1205 Industrial Road Nampa ID 83687 X X RE WESTPORT OUTFITTERS Jeff Northrop 44 Calf Pasture Beach Road Norwalk CT 06855 PK 25119 WONDERLAND MARINE WEST Paul Mitter 5796 East Grandriver Howell MI 48843 X X RE 25137 WOOD BOAT & MOTOR INC Russell & Debbie Wood 3630 West Shore Road Warwick RI 02886 X RK 25037 WOODY FUTRELL MARINE, INC Woody Futrell or Rick Kesterson PO Box 217 Nashville AR 71852 X X MM 25054 WRIGHTS RIVERSIDE MARINE Cecil Schneider 51 Riverview Estate, RT 2 SSt Marys WV 26170 X X
As of 10/26/09
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(f) –– INVENTORY LOCATIONS
GENMAR HOLDINGS, INC.
2900 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402-2100
GENMAR INDUSTRIES, INC.
2900 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402-2100
GENMAR IP, L.L.C.
2900 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402-2100
GENMAR MICHIGAN, L.L.C.
Test Center Property- 410 Holly Road, Cadillac, Michigan Trailer Plant – 1552 Frank Miltner Street, Cadillac, Michigan Sport Plan – 925 Frisbie Street, Cadillac, Michigan Cabinetry Plan (Lakeshore Linen) – 701 Sixth Street, Cadillac, Michigan Glass Cutting Shop (Warehouse, Transportation) – 926 Frisbie Street, Cadillac, Michigan Vacant Land – 600 Holly Road, Cadillac, Michigan Engine Storage (T&D Bodycoat) – 1515 Sixth Street, Cadillac, Michigan Engineering Center – 905 Frisbie Street, Cadillac, Michigan Cruiser Plant – 609 and 707 West 13th Street, Cadillac, Michigan Vacant Land – 1340 Leeson Avenue, Cadillac, Michigan Main Warehouse – 1406 Leeson Avenue, Cadillac, Michigan
GENMAR MINNESOTA, INC.
700 Paul Larson Memorial Drive, Little Falls, MN 56345
GENMAR TENNESSEE, INC.
880 Butler Road, Murfreesboro, TN 37127
WOOD MANUFACTURING COMPANY, INC.
96 Ranger Road, Flippin, AR 72634
GENMAR TRANSPORTATION, INC.
1109 Fourth Street, NW, Little Falls, MN 56345
- 18 - SCHEDULE 1.1(f) –– INVENTORY LOCATIONS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY
There are no registered copyrights or copyright applications included in the Acquired Intellectual Property.
GENMAR HOLDINGS, INC. DOMAIN NAMES - GENMAR HOLDINGS, INC.
Domain Name Account Holder
fourwinns.info Genmar Holdings, Inc. genmar.com Genmar Holdings, Inc. genmar.info Genmar Holdings, Inc. genmar.us Genmar Holdings, Inc. genmar-ar.com Genmar Holdings, Inc. genmar-fl.com Genmar Holdings, Inc. genmar-intl.com Genmar Holdings, Inc. genmar-mi.com Genmar Holdings, Inc. genmar-mn.com Genmar Holdings, Inc. genmar-nc.com Genmar Holdings, Inc. genmar-tn.com Genmar Holdings, Inc. genmar-wi.com Genmar Holdings, Inc. glastron.info Genmar Holdings, Inc. scarabboats.com Genmar Holdings, Inc. wellcraft.com Genmar Holdings, Inc. wellcraft.info Genmar Holdings, Inc.
GENMAR INDUSTRIES, INC. TRADEMARKS – GENMAR INDUSTRIES, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date FOUR WINNS Filed China P.R. 5768321 12/6/06 FOUR WINNS Registered Romania 0606045 5/29/06 76145 5/29/06 5/29/16 G (STYLIZED) Registered U.S. 74/095526 9/10/90 1654277 8/20/91 8/20/11 GENMAR Registered Argentina 2208116 3/16/99 1790705 4/26/00 4/26/10 GENMAR Registered Australia 797605 6/17/99 797605 6/16/00 6/17/19 GENMAR Registered Brazil 821423894 2/19/99 821423894 9/17/02 9/17/12 GENMAR Registered Canada 762864 8/30/94 446770 8/25/95 8/25/10 GENMAR Registered China P.R. 94941862 5/13/94 842406 5/28/96 5/27/16 GENMAR Registered China P.R. 94041863 5/13/94 842404 5/28/96 5/27/16 GENMAR Registered Croatia Z990627A 6/24/99 990627 5/3/00 6/24/19 GENMAR Registered Chile 446777 4/23/99 552963 11/15/99 11/15/09 GENMAR Registered Egypt 127120 9/23/99 127120 7/26/03 9/22/09 Community GENMAR Registered Trademark 1091156 3/1/99 1091156 3/6/00 3/31/19 GENMAR Registered Japan 1153317 6/17/99 4423452 10/6/00 10/6/10 GENMAR Registered Mexico 375087 5/13/99 612995 5/31/99 5/13/09
- 19 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – GENMAR INDUSTRIES, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date GENMAR Registered Norway 9902447 3/10/99 198200 6/24/99 6/24/09 GENMAR Registered New Zealand 311233 6/17/99 311233 12/20/99 6/17/16 GENMAR Registered Paraguay 457599 3/15/99 268903 6/18/04 6/18/14 GENMAR Registered Puerto Rico 45902 7/16/99 45902 3/15/01 7/16/19 GENMAR Registered Peru 80513 3/9/99 57003 8/31/99 8/31/19 GENMAR Registered Turkey 99012234 7/27/99 99012234 7/27/99 7/31/19 United Arab GENMAR Registered Emirates 33422 10/23/99 26177 4/17/01 10/23/09 GENMAR Registered U.S. 73/644219 2/12/87 1455173 9/1/87 9/1/17 GENMAR Registered U.S. 78/465173 8/10/04 2998237 9/20/05 9/20/15 GENMAR Registered U.S. 78/337162 12/5/03 2911086 12/14/04 12/14/14 GENMAR Registered Uruguay 311060 3/8/99 311060 10/19/99 10/19/09 GENMAR Registered Venezuela 694999 4/27/99 217233 1/13/00 1/13/10 GENMAR FIRSTMATE (AND DESIGN) Registered U.S. 78/139152 6/26/02 2866533 7/27/04 7/27/14 GLASTRON Registered Argentina 2208121 3/16/99 1790707 4/26/00 4/26/10 GLASTRON Registered Australia 235092 12/18/69 235092 11/26/71 12/18/14 GLASTRON Registered Brazil n 6/12/88 811114945 6/12/88 6/12/18 GLASTRON Registered Canada 473685 8/6/81 269792 6/4/82 6/4/12 GLASTRON Registered China P.R. 94041866 5/13/94 842403 5/28/96 5/27/16 GLASTRON Registered China P.R. 94041867 5/13/94 842407 5/28/96 5/27/16 GLASTRON Registered Croatia Z941188N 5/23/81 Z941188N 11/25/81 11/25/11 GLASTRON Registered Switzerland 2321 4/21/66 346109 4/21/66 4/18/16 GLASTRON Registered Chile 8466 7/18/74 498326 6/27/77 12/5/17 GLASTRON Registered Egypt 127123 9/22/99 127123 12/7/04 9/21/09 Community GLASTRON Registered Trademark 1091164 3/1/99 1091164 5/15/00 3/31/19 GLASTRON Registered Mexico 375332 5/14/99 613027 5/31/99 5/14/09 GLASTRON Registered Norway 9902455 3/10/99 198205 6/24/99 6/24/09 GLASTRON Registered New Zealand 99368 1/10/72 99368 1/10/72 1/10/17 GLASTRON Registered Panama n 11/30/83 033437 11/30/83 11/30/13 GLASTRON Registered Paraguay n 5/27/85 281111 5/27/85 5/27/15 GLASTRON Registered Puerto Rico 45903 7/16/99 45903 3/15/01 7/16/19 GLASTRON Registered Peru 80510 3/9/99 57000 8/31/99 8/31/19 GLASTRON Registered Romania 0606043 5/29/06 76144 5/29/06 5/29/16 GLASTRON Registered Turkey 99012231 7/27/99 99012231 7/27/99 7/31/19 United Arab GLASTRON Registered Emirates 33425 10/23/99 26189 4/18/01 10/23/09 GLASTRON Registered U.S. 73/835354 10/31/89 1613028 9/11/90 9/11/10 GLASTRON Registered U.S. 73/163082 3/21/78 1109303 12/19/78 12/19/18
- 20 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – GENMAR INDUSTRIES, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date GLASTRON Registered U.S. 72/029500 5/6/57 656024 12/24/57 12/24/17 GLASTRON Registered Venezuela n 11/21/93 74762 11/21/93 11/21/13 Serbia- GLASTRON Registered Montenegro Z18/78 1/13/78 26030 11/25/81 11/25/11 GLASTRON Registered South Africa 644044 10/19/64 644044 10/19/64 10/19/14 GLASTRON Registered U.S. 74/095571 9/10/90 1711506 9/1/92 9/1/12 GLASTRON & DESIGN Registered U.S. 77/172751 5/4/07 3541015 12/2/08 12/2/18 GLASTRON & G DESIGN Registered Canada 354101 6/8/72 190057 4/13/73 4/13/18 GLASTRON & G DESIGN Registered Denmark 85472 3/7/72 7203444 10/20/72 10/20/12 GLASTRON RUNABOUTS DONE RIGHT & DESIGN Registered Bulgaria 90013 9/26/06 65945 7/10/08 9/26/16 GLASTRON-CARLSON Registered Canada 473699 8/6/81 298239 12/21/84 12/21/14 GLASTRON-CARLSON Registered Panama n 6/22/83 033321 11/30/83 6/22/13 GLASTRON-CARLSON Registered France 651450 1/13/83 1224377 1/13/83 1/31/13 GO CATCH YOURSELF SOME FUN Registered U.S. 78/440723 6/24/04 3172125 11/14/06 11/14/16 L LARSON & DESIGN Registered U.S. 74/071226 6/21/90 1654857 8/27/91 8/27/11 L LARSON & DESIGN Registered Venezuela 561391 4/5/91 172010 11/1/94 11/1/14 LARSON Registered Argentina 2208119 1/1/99 1820322 3/1/01 3/1/11 LARSON Registered Australia 797602 6/17/99 797602 6/9/00 6/17/19 LARSON Filed Brazil 821105647 9/25/98 LARSON Registered Canada 767506 10/31/94 535714 10/25/00 10/25/15 LARSON Registered China P.R. 9900036991 4/12/99 1445432 9/14/00 9/13/10 LARSON Registered Croatia Z990632A 6/24/99 990632 5/2/00 6/24/19 LARSON Registered Chile 446778 4/23/99 552964 11/15/99 11/15/09 LARSON Registered Egypt 127126 9/23/99 127126 3/27/07 9/22/09 Community LARSON Registered Trademark 1091354 3/1/99 1091354 7/17/00 3/31/19 LARSON Filed South Korea 400842318 8/29/08 LARSON Registered Mexico 375333 5/14/99 613028 5/31/99 5/14/09 LARSON Registered Norway 9902450 3/10/99 198202 6/24/99 6/24/09 LARSON Registered New Zealand 311238 6/17/99 311238 5/10/01 6/17/16 LARSON Registered Paraguay 457899 3/15/99 221888 1/18/00 1/18/10 LARSON Registered Puerto Rico 45901 7/16/99 45901 3/15/01 7/16/19 LARSON Registered Peru 80506 3/9/99 56996 8/31/99 8/31/19 Russian LARSON Registered Federation 01735142 11/15/01 237261 1/31/03 11/15/11 LARSON Registered Turkey 99012228 7/27/99 99012228 7/27/99 7/31/19 United Arab LARSON Registered Emirates 33428 10/23/99 29550 11/11/01 10/23/09 LARSON Registered U.S. 72/060825 10/17/58 683569 8/18/59 8/18/19 - 21 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – GENMAR INDUSTRIES, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date LARSON Registered Uruguay 311063 3/8/99 311063 10/19/99 10/19/09 LARSON Registered Venezuela 561491 4/5/91 172011 11/1/94 11/1/14 LARSON CABRIO Filed Brazil 821105639 9/25/98 RUNABOUTS DONE RIGHT Registered U.S. 77/407134 2/27/08 3592711 3/17/09 3/17/19 SCARAB Registered Canada 1025320 8/10/99 550576 9/11/01 9/11/16 SCARAB Registered Argentina 2208124 3/16/99 1820793 3/6/01 3/6/11 SCARAB Registered Australia 447077 6/18/86 447077 7/22/88 6/18/17 SCARAB Registered China P.R. 9900042551 4/23/99 1448443 9/21/00 9/20/10 SCARAB Registered Croatia 9909194 8/27/99 990919 12/7/99 8/27/19 SCARAB Registered California 86721 1/25/88 86721 1/25/88 1/25/13 SCARAB Registered Egypt 127127 9/23/99 127127 8/6/03 9/22/09 Community SCARAB Registered Trademark 1091339 3/1/99 1091339 6/19/00 3/31/19 SCARAB Registered Florida T13804 11/28/90 T13804 11/28/90 11/28/10 SCARAB Registered Italy 17335C86 2/7/86 746049 2/7/86 2/7/16 SCARAB Registered Japan 62106348 5/2/87 2233186 5/31/90 5/31/10 SCARAB Registered Mexico 379259 6/16/99 616994 6/30/99 6/16/09 SCARAB Registered Norway 9902459 3/10/99 198028 6/10/99 6/10/09 SCARAB Registered New Zealand 148770 9/7/83 148770 10/7/86 9/7/14 SCARAB Registered Paraguay 458399 3/15/99 220747 12/21/99 12/21/09 SCARAB Registered Puerto Rico 45900 7/16/99 45900 3/6/02 7/16/19 SCARAB Registered Peru 80346 3/5/99 56155 7/19/99 7/19/19 SCARAB Registered Turkey 99012225 7/27/99 99012225 7/27/99 7/31/19 United Arab SCARAB Registered Emirates 33429 10/23/99 31805 5/7/02 10/23/09 SCARAB Registered U.S. 73/363402 5/7/82 1244384 7/5/83 7/5/13 SCARAB Registered Uruguay 311050 3/8/99 311050 10/19/99 10/19/09 SCARAB Registered Venezuela 16897 9/30/99 222329 7/7/00 7/7/10 SPEAR & DESIGN Registered U.S. 73/146603 10/31/77 1170084 9/22/81 9/22/11 SSV Registered U.S. 73/173398 6/7/78 1119603 6/5/79 6/5/19 STEP LIFT V II Registered Canada 1014163 4/30/99 622803 10/19/04 10/19/19 STEP LIFT V II (AND DESIGN) Registered Canada 1014160 4/30/99 622446 10/14/04 10/14/19 Community STRATOS Filed Trademark 7092471 7/24/08 7/31/18 W (STYLIZED) Registered U.S. 73/413909 2/17/83 1272625 4/3/84 4/3/14 W DESIGN Registered Japan 8678799 7/26/86 2047027 5/26/88 5/26/18 W DESIGN Registered U.S. 73/637799 12/30/86 1499629 8/9/88 8/9/18 WELLCRAFT Registered Australia 797607 6/17/99 797607 6/16/00 6/17/19 WELLCRAFT Registered Canada 516608 2/8/84 297903 12/7/84 12/7/14
- 22 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – GENMAR INDUSTRIES, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date WELLCRAFT Registered China P.R. 01148093 8/15/01 2015066 12/7/02 12/6/12 WELLCRAFT Registered Croatia Z990630A 6/24/99 990630 5/2/00 6/24/19 WELLCRAFT Registered Egypt 127125 9/23/99 127125 5/17/06 9/22/09 Community WELLCRAFT Registered Trademark 1091172 3/1/99 1091172 12/22/00 3/31/19 WELLCRAFT Registered Japan 7880086 7/26/86 2110802 2/21/89 2/21/19 WELLCRAFT Registered Mexico 229904 2/22/84 309165 7/12/85 2/22/14 WELLCRAFT Registered Norway 9902449 3/10/99 198201 6/24/99 6/24/09 WELLCRAFT Registered New Zealand 311237 6/17/99 311237 12/20/99 6/17/16 WELLCRAFT Registered Paraguay 457799 3/15/99 221110 12/28/99 12/28/09 WELLCRAFT Registered Puerto Rico 45905 7/16/99 45905 3/15/01 7/16/19 WELLCRAFT Registered Peru 80511 3/9/99 57001 8/31/99 8/31/19 Russian WELLCRAFT Registered Federation 01735133 11/15/01 239399 2/24/03 11/15/11 WELLCRAFT Registered Turkey 99012229 7/27/99 99012229 7/27/99 7/31/19 United Arab WELLCRAFT Registered Emirates 33427 10/23/99 26196 4/17/01 10/23/09 WELLCRAFT Registered U.S. 73/412699 2/7/83 1275050 4/24/84 4/24/14 WELLCRAFT Registered U.S. 73/637789 12/30/86 1457554 9/15/87 9/15/17 WELLCRAFT Registered Uruguay 311062 3/8/99 311062 10/19/99 10/19/09 WELLCRAFT Filed Venezuela 021364 9/29/92 ------PATENTS – GENMAR INDUSTRIES, INC. ISSUED MATTERS
TITLE SERIAL NO. FILING DATE PATENT NO. ISSUE DATE COUNTRY Rotational Bolster Seat (Wellcraft) 29/047,327 12/1/1995 Des. 376,701 12/24/1996 U.S.
GENMAR IP, L.L.C. TRADEMARKS – GENMAR IP, L.L.C.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date CHAMPION Registered U.S. 73/547185 7/10/85 1378030 1/14/86 1/14/16 CHAMPION BOATS EST. 1975 (AND DESIGN) Registered U.S. 78/170747 10/3/02 2833278 4/13/04 4/13/14 CHAMPION BOATS EST. 1975 AND DESIGN Registered Canada 1173388 4/3/03 633875 2/28/05 2/28/20 CROSS STREAM Registered U.S. 78/312089 10/10/03 3406463 4/1/08 4/1/18 DIAMOND EASY MONEY Registered U.S. 78/968131 9/6/06 3289125 9/4/07 9/4/17 DUO PRO Registered U.S. 78/443591 6/30/04 3038460 1/3/06 1/3/16 ELITE Registered U.S. 78/470357 8/19/04 3285485 8/28/07 8/28/17 EVOLUTION Filed U.S. 77/724762 4/29/09
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TRADEMARKS – GENMAR IP, L.L.C.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date EXCURSION Registered U.S. 78/473400 8/25/04 3130856 8/15/06 8/15/16 FOUR WAVES DESIGN W/O BORDER Registered U.S. 73/660215 5/11/87 1470599 12/29/87 12/29/17 FOUR WINNS Registered Argentina 2406187 1959914 11/18/03 FOUR WINNS Registered Armenia 2/8/96 2850 2/8/96 FOUR WINNS Registered Australia 518903 9/12/89 518903 5/28/92 FOUR WINNS Registered Bahamas 6/27/90 14109 6/27/90 FOUR WINNS Registered Belarus 00274 5/14/93 3712 5/14/93 FOUR WINNS Registered Canada 0603713 3/28/88 356348 5/26/89 FOUR WINNS Registered Columbia 92325257 143290 9/9/93 FOUR WINNS Registered Denmark 198707481 11/10/87 198906656 11/10/87 FOUR WINNS Registered Estonia 9303412 4/5/93 15739 5/19/95 FOUR WINNS Registered Finland 198704726 11/11/87 107149 4/20/90 FOUR WINNS Registered France 887380 11/10/87 1434694 11/10/87 FOUR WINNS Registered Georgia 00133303 6/15/93 4394 1/22/97 FOUR WINNS Registered Germany 11/11/87 1184399 3/25/92 FOUR WINNS Registered Greece 96211 10/30/89 96211 12/17/92 FOUR WINNS Registered Guatemala 65203 6/5/91 FOUR WINNS Registered Hong Kong 10/18/89 1997B08281 8/15/97 FOUR WINNS Registered Israel 7/5/90 76848 1/6/94 FOUR WINNS Registered Italy 36348C87 11/11/87 783994 11/11/87 FOUR WINNS Registered Japan 01105018 9/14/89 2443040 8/31/92 FOUR WINNS Registered Kazakhstan 4/30/93 1784 4/30/93 Korea, FOUR WINNS Registered Republic of 1990000140 1/19/90 214958 6/13/91 FOUR WINNS Registered Lithuania 6931 4/23/93 22416 4/23/93 FOUR WINNS Registered Mexico 90765 6/29/90 392887 4/5/91 FOUR WINNS Registered Moldova 000094 6/18/93 1688 6/25/95 FOUR WINNS Registered New Zealand 196064 9/11/89 196064 6/25/93 FOUR WINNS Registered Norway 19874636 11/10/87 135327 2/2/89 Russian FOUR WINNS Registered Federation 4/21/93 127269 4/21/93 FOUR WINNS Registered Singapore 8906850 10/18/89 T8906850Z 10/18/89 FOUR WINNS Registered Spain 1218435 11/11/87 1218435 11/21/88 FOUR WINNS Registered Sweden 8707463 9/28/87 214291 7/7/89 FOUR WINNS Registered Switzerland 073321987 11/10/87 359570 3/14/88 FOUR WINNS Registered Thailand 1147876 7/31/90 FOUR WINNS Registered Ukraine 9133 6/17/93 United FOUR WINNS Registered Kingdom 1326724 11/11/87 1326724 6/21/91 FOUR WINNS Registered U.S. 73/660227 5/11/87 1468967 12/15/87 12/15/17 - 24 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – GENMAR IP, L.L.C.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date FOUR WINNS Registered Uzbekistan 2653 7/5/93 FOUR WINNS Registered Venezuela 156732 3/18/94 FOUR WINNS FRENZY EDITION Registered U.S. 77/177472 5/10/07 3412506 4/15/08 4/15/18 ORANO Registered U.S. 78/443580 6/30/04 3024767 12/6/05 12/6/15 RIDE & DECIDE Registered U.S. 78/176858 10/22/02 3068898 3/14/06 3/14/16 RIDE & DECIDE AND DESIGN Registered U.S. 78/175121 10/16/02 3071679 3/21/06 3/21/16 SEA CHAMP Registered U.S. 78/446972 7/7/04 3127750 8/8/06 8/8/16 SENZA Registered U.S. 78/385257 3/16/04 3059534 2/14/06 2/14/16 STABLE-VEE Registered U.S. 74/312921 9/10/92 1767392 4/27/93 4/27/13 STRATOS Registered Canada 0665460 8/29/90 401347 8/14/92 STRATOS Registered Japan 02057001 5/21/90 2708861 7/31/95 STRATOS Registered U.S. 73/535584 5/3/85 1393959 5/20/86 5/20/16 STRATOS Registered U.S. 78/342221 12/17/03 2994370 9/13/05 9/13/15 STRATOS GRAPHICS (MISCELLANEOUS DESIGN) Registered U.S. 78/260796 6/11/03 2986634 8/16/05 8/16/15 SUNDOWNER Registered U.S. 75/833338 10/27/99 2454748 5/29/01 5/29/11 SURE-LOAD Registered U.S. 78/471627 8/23/04 3230659 4/17/07 4/17/17 TOURNAMENT OF CHAMPIONS Registered U.S. 73/547244 7/10/85 1418663 11/25/86 11/25/16 VISTA Registered U.S. 75/834808 10/27/99 2381562 8/29/00 8/29/10 V-WING HULL Registered U.S. 78/896919 5/31/06 3300016 9/25/07 9/25/17 V-WING HULL & DESIGN Registered U.S. 78/896915 5/31/06 3300015 9/25/07 9/25/17 XF Registered U.S. 78/335194 12/2/03 2979636 7/26/05 7/26/15 ------PATENTS – GENMAR IP, L.L.C. ISSUED MATTERS
TITLE SERIAL NO. FILING DATE PATENT NO. ISSUE DATE COUNTRY Boat Hull with Aft Planing Members (FW) 08/062,980 5/14/1993 5,443,026 10/22/1995 U.S. Integrated Fish Landing Net Storage 09/633,531 8/7/2000 6,415,733 7/9/2002 U.S. Compartment Hinge Assembly for Folding Seat 09/595,706 6/16/2000 6,527,341 3/4/2003 U.S. ------HULL DESIGNS – GENMAR IP, L.L.C.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Champion Boats 206 Bass boat hull Champion Boats, Inc. Champion Boats, Inc. DVH 0057 Champion Boats 196 Bass boat hull Champion Boats, Inc. Champion Boats, Inc. DVH 0058 ------DOMAIN NAMES - GENMAR IP, L.L.C.
Domain Name Account Holder
championboatdealer.com Genmar IP, L.L.C.
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DOMAIN NAMES - GENMAR IP, L.L.C.
Domain Name Account Holder
championboats.com Genmar IP, L.L.C. fourwinns.com Genmar IP, L.L.C. fourwinnsdealer.com Genmar IP, L.L.C. genmarboats.com Genmar IP, L.L.C. genmarextranet.com Genmar IP, L.L.C. genmarftp.com Genmar IP, L.L.C. glastrondealer.com Genmar IP, L.L.C. larsondealer.com Genmar IP, L.L.C. myrangerboat.com Genmar IP, L.L.C. rangerboatforum.com Genmar IP, L.L.C. rangerboatsforum.com Genmar IP, L.L.C. rangerdealer.com Genmar IP, L.L.C. stratosdealers.com Genmar IP, L.L.C. wellcraftdealer.com Genmar IP, L.L.C.
GENMAR MICHIGAN, L.L.C. HULL DESIGNS – GENMAR MICHIGAN, L.L.C.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Four Winns 230 Horizon (2000 Fiberglass open-bow Tom Wenstadt & Rick Outboard Marine DVH 0039 model year) runabout Videan Corporation Four Winns 265 Sundowner Fiberglass cuddy cabin Tom Wenstadt & Rick Outboard Marine DVH 0038 (2000 model year) runabout Videan Corporation Four Winns 280 Horizon (2000 Fiberglass open-bow Tom Wenstadt & Rick Outboard Marine DVH 0037 model year) runabout Videan Corporation Four Winns 210 Horizon (2000 Fiberglass open-bow Tom Wenstadt & Rick Outboard Marine DVH 0036 model year) runabout Videan Corporation Four Winns 260 Horizon (2000 Fiberglass open-bow Tom Wenstadt & Rick Outboard Marine DVH 0035 model year) runabout Videan Corporation Four Winns 215 Sundowner Fiberglass cuddy cabin Tom Wenstadt & Rick Outboard Marine DVH 0034 (2000 model year) runabout Videan Corporation Four Winns 268 Vista (1999 Fiberglass mono-hull cruiser Outboard Marine Outboard Marine DVH 0013 model year) Corporation Corporation Four Winns 248 Vista (1999 Fiberglass mono-hull cruiser Outboard Marine Outboard Marine DVH 0012 model year) Corporation Corporation Four Winns 298 Vista (1999 Fiberglass mono-hull cruiser Outboard Marine Outboard Marine DVH 0011 model year) Corporation Corporation Four Winns 338 Vista (2000 Fiberglass mono-hull cruiser Outboard Marine Outboard Marine DVH 0010] model year) Corporation Corporation Four Winns 194 Funship Fiberglass multi V-hull and Craig Martin Four WInns Boats L.L.C. DVH 0151 deck Four Winns 230 Horizon Fiberglass V-hull and deck Tom Wenstadt & Barry Four WInns Boats L.L.C. DVH 0152 Parker Four Winns 210 Horizon Fiberglass V-hull and deck Barry Parker & Gary Four WInns Boats L.L.C. DVH 0153 DeFour Four Winns 288 Vista Fiberglass V-hull and deck Tom Wenstadt & Tim Four WInns Boats L.L.C. DVH 0154 Platte Four Winns 250 Horizon Fiberglass V-hull and deck Tom Wenstadt & Gary Four WInns Boats L.L.C. DVH 0155 DeFour Four Winns 170 Horizon Fiberglass V-hull and deck Jeremy Sturgeon & Eric Four WInns Boats L.L.C. DVH 0156 Clark Four Winns SL 242 Fiberglass modified V-hull Thomas D. Wenstadt & Four WInns Boats L.L.C. DVH 0392 and deck Peter C. Granata Four Winns SL 262 Fiberglass modified V-hull Thomas D. Wenstadt & Four WInns Boats L.L.C. DVH 0393 and deck Peter C. Granata Wellcraft V-21 Closed deck fishing boat Wellcraft Marine Wellcraft Marine DVH 0177
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HULL DESIGNS – GENMAR MICHIGAN, L.L.C.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Wellcraft 252 Coastal Walkaround fish boat Wellcraft Marine Wellcraft Marine DVH 0179 Wellcraft 252 Fisherman Fiberglass single v-hull and Wellcraft Marine Wellcraft Marine DVH 0215 deck Wellcraft 232 Fisherman Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0226 Wellcraft 200 LT Fisherman, Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0213 also sold as Aquasport 205 Osprey Bay Wellcraft 212 Fisherman Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0214 Wellcraft 232 Coastal Cruiser and fishing boat Wellcraft Marine Wellcraft Marine DVH 0227 Wellcraft 360 Coastal Cruiser and fishing boat Genmar Michigan, L.L.C. Genmar Michigan, L.L.C. DVH 0238 Wellcraft 352 CCD Center console fishing boat Genmar Michigan, L.L.C. Genmar Michigan, L.L.C. DVH 0239 Wellcraft 352 CCF Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0288 Wellcraft 215 Bay Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0287 Wellcraft 195 Bay Center console fishing boat Wellcraft Marine Wellcraft Marine DVH 0286 Wellcraft 30 Scarab Fishing boat Wellcraft Marine Wellcraft Marine DVH 0356 Tournament Wellcraft 30 Scarab Sport Fishing boat Wellcraft Marine Wellcraft Marine DVH 0357 Wellcraft 27 Scarab Fishing boat Wellcraft Marine Wellcraft Marine DVH 0358 Tournament Wellcraft 210 Coastal Cruiser and fishing boat Wellcraft Marine Wellcraft Marine DVH 0359 Wellcraft 220 Sportsman, Saltwater runabout Wellcraft Marine Wellcraft Marine DVH 0220 same design as Aquasport 215 Osprey Sport ------DOMAIN NAMES - GENMAR MICHIGAN, L.L.C.
Domain Name Account Holder
fourwinns.net Genmar Michigan, L.L.C.
GENMAR MINNESOTA, INC.
TRADEMARKS – GENMAR MINNESOTA, INC.
App. Renewal Mark Status Country Number App. Date Reg. Number Reg. Date Date EXPERIENCE IS EVERYTHING Filed U.S. 77/647677 1/12/09 SOFRIDE Registered U.S. 77/500985 6/17/08 3610219 4/21/09 ------PATENTS – GENMAR MINNESOTA, INC. PENDING MATTERS
TITLE SERIAL NO. FILING DATE COUNTRY Lightweight Quick-Heating Fiberglass Mold with Integrated Cooling Channels and 12/236,233 9/23/08 U.S. Method of Producing Boat Cushion Mount 12/425,096 4/16/09 U.S. Convertible Seat Arrangement for a Boat 12/425,110 4/16/09 U.S. Sundeck with Self Stowing Rumble Seat for a Boat 12/425,117 4/16/09 U.S. Magnetically Attached Floor Covering for a Boat 12/425,134 4/16/09 U.S. Trailer Assembly with Cover and Lift Mechanism 12/429,308 4/24/09 U.S. Convertible Seat - Deck Arrangement for a Boat 12/506,355 7/21/09 U.S.
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PATENTS – GENMAR MINNESOTA, INC. ISSUED MATTERS
TITLE SERIAL NO. FILING DATE PATENT NO. ISSUE DATE COUNTRY Boat and Method for Manufacturing 09/396,845 9/15/99 6,286,448 9/11/01 U.S. Device and Method for Handling a Boat 10/028,612 12/21/01 6,584,925 7/1/03 U.S. Device and Method for Handling a Boat 10/027,083 12/21/01 6,669,518 12/30/03 U.S. Gimbal Device and Method for Handling a Boat 10/027,056 12/21/01 6,742,469 6/1/04 U.S. Sundeck ------DOMAIN NAMES - GENMAR MINNESOTA, INC.
Domain Name Account Holder
glastron.com Genmar Minnesota, Inc. larsonboats.com Genmar Minnesota, Inc. larsonglastron.com Genmar Minnesota, Inc.
GENMAR TENNESSEE, INC.
PATENTS – GENMAR TENNESSEE, INC. ISSUED MATTERS
TITLE SERIAL NO. FILING DATE PATENT NO. ISSUE DATE COUNTRY Tackle Organizer 10/193,610 7/10/02 6,880,480 4/19/05 U.S. Hull Reinforcing System 10/439,821 5/16/03 6,948,444 9/27/05 U.S. Boat with Integrated Shifter 10/439,822 5/16/03 6,892,664 5/17/05 U.S. Boat Seat 29/181,907 5/16/03 Des. 516,005 2/28/06 U.S. Side Trailer Step 29/181,908 5/16/03 Des. 495,977 9/14/04 U.S. Rear Trailer Step 29/181,967 5/16/03 Des. 496,307 9/21/04 U.S. Front Trailer Step 29/181,872 5/16/03 Des. 499,049 11/30/04 U.S. Boat Console 29/185,672 7/1/03 Des. 524,706 7/11/06 U.S. Pedal Mount for an Electric Trolling Motor 10/895,810 7/21/04 7,101,234 9/5/06 U.S. Front Conversion Deck for a Boat 10/976,345 10/28/04 7,121,218 10/17/06 U.S. ------HULL DESIGNS – GENMAR TENNESSEE, INC.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Stratos ASX Bass boat Alan Stinson Stratos Boats, Inc. DVH 0128 Stratos 176 XT Bass fishing boat Stratos Boats, Inc. Stratos Boats, Inc. DVH 0339 Stratos 186 XT Bass fishing boat Stratos Boats, Inc. Stratos Boats, Inc. DVH 0390 Stratos 1760DV Fishing boat Stratos Boats, Inc. Stratos Boats, Inc. DVH 0394 ------DOMAIN NAMES – GENMAR TENNESSEE, INC.
Domain Name Account Holder
stratosboats.com Genmar Tennessee, Inc.
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GENMAR TRANSPORTATION, INC.
None
WOOD MANUFACTURING COMPANY, INC. TRADEMARKS – WOOD MANUFACTURING COMPANY, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date BANSHEE Registered U.S. 78/624179 5/5/05 3082741 4/18/06 4/18/16 BAY RANGER Registered U.S. 75/659971 3/15/99 2409429 11/28/00 11/28/10 BOAT & ANGLER AND DESIGN Registered Canada 1187075 8/13/03 641289 6/3/05 6/3/20 CAYMAN Registered U.S. 75/248145 2/26/97 2137276 2/17/98 2/17/18 CLOSE TO THE CUSTOMER Registered Canada 1078139 10/11/00 569413 10/23/02 10/23/17 COMANCHE Registered Canada 1029822 9/23/99 547497 6/29/01 6/29/16 COMANCHE Registered U.S. 75/666205 3/23/99 2321755 2/22/00 2/22/10 CONTROL POST Registered U.S. 78/183953 11/12/02 2811862 2/3/04 2/3/14 COOL HUB Registered U.S. 75/045494 1/18/96 2083193 7/29/97 7/29/17 DESIGN (APACHE STRIPE DESIGN) Registered U.S. 73/192640 11/9/78 1130826 2/12/80 2/12/10 DESIGN (COMANCHE STRIPE DES.) Registered U.S. 73/531027 4/8/85 1417385 11/18/86 11/18/16 DRI-LATCH Registered U.S. 78/461340 8/3/04 3199447 1/16/07 1/16/17 GHOST Registered U.S. 78/853175 4/4/06 3229403 4/17/07 4/17/17 HIGHEST QUALITY STRONGEST PERFORMING (AND DESIGN) Registered U.S. 78/339725 12/11/03 3086203 4/25/06 4/25/16 IQ (AND DESIGN) Registered U.S. 78/196127 12/19/02 2771883 10/7/03 10/7/13 ONE PIECE FEEL INTERLOC CONSTRUCTION (AND DESIGN) Registered U.S. 78/203353 1/15/03 2869243 8/3/04 8/3/14 PRO-STOW Registered U.S. 76/342249 11/27/01 2825789 3/23/04 3/23/14 RANGER Registered Brazil 821521241 3/29/99 821521241 11/12/02 11/12/12 RANGER Registered Canada 781762 4/28/95 456147 3/22/96 3/22/11 RANGER Registered China P.R. 9900036994 4/12/99 1445373 9/14/00 9/13/10 RANGER Registered Chile 502281 9/26/00 616195 1/9/02 1/9/12 Community RANGER Registered Trademark 1090299 3/1/99 1090299 10/23/00 3/31/19 RANGER Registered Japan 882426 7/25/96 4244395 2/26/99 2/26/19 RANGER Registered Mexico 375089 5/13/99 719258 10/29/01 5/13/09 RANGER Registered Norway 9902458 3/10/99 200760 12/23/99 12/23/09 RANGER Registered Paraguay 1861899 8/31/99 235781 6/4/01 6/4/11 RANGER Registered Peru 80345 3/5/99 56848 8/19/99 8/19/19 RANGER Registered Romania 0606044 5/29/06 79438 5/29/06 5/29/16 RANGER Registered U.S. 72/349000 1/19/70 902091 11/10/70 11/10/10 RANGER Registered U.S. 73\202865 2/2/79 1135100 5/13/80 5/13/10 RANGER Registered U.S. 75/749621 7/13/99 2474992 8/7/01 8/7/11
- 29 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
TRADEMARKS – WOOD MANUFACTURING COMPANY, INC.
Renewal Mark Status Country App. Number App. Date Reg. Number Reg. Date Date RANGER Registered Uruguay 311049 3/3/99 311049 11/12/01 11/12/11 RANGER Filed Venezuela 6957 4/27/99 RANGER BOATS ROAD ARMOR EQUIPPED (AND DESIGN) Registered U.S. 78/271084 7/7/03 2964382 6/28/05 6/28/15 RANGER CUP (AND DESIGN) Registered U.S. 78/203531 1/15/03 2893150 10/12/04 10/12/14 RANGER CUP (AND DESIGN) Registered U.S. 78/203348 1/15/03 2968234 7/12/05 7/12/15 RANGER FIVE STAR ADVANTAGE (AND DESIGN) Registered U.S. 78/203354 1/15/03 2869244 8/3/04 8/3/14 RANGER TRAIL Registered U.S. 73\188395 10/6/76 1128240 12/25/79 12/25/19 REATA Registered U.S. 78/480269 9/8/04 3072120 3/21/06 3/21/16 RITE TRACK KEEL & DESIGN Registered U.S. 76/318194 9/26/01 2588389 7/2/02 7/2/12 RITE-TRACK KEEL Registered U.S. 76/301526 8/20/01 2698587 3/18/03 3/18/13 ROAD ARMOR EQUIPPED Registered U.S. 78/271080 7/7/03 2964381 6/28/05 6/28/15 SIGNATURE QUALITY BY THE RANGER FAMILY (AND DESIGN) Registered U.S. 78/203347 1/15/03 2944894 4/26/05 4/26/15 SRS SOFT RIDE SEATING (AND DESIGN) Registered U.S. 78/203352 1/15/03 2866603 7/27/04 7/27/14 ZONE TEMPERED FIBERGLASS LAYUP (AND DESIGN) Registered U.S. 78/203349 1/15/03 2869242 8/3/04 8/3/14 ------PATENTS – WOOD MANUFACATURING COMPANY, INC. PENDING MATTERS
TITLE SERIAL NO. FILING DATE COUNTRY Polyurea Coated Trailer 11/543,407 10/4/06 U.S. Boarding Ladder 11/843,317 8/22/07 U.S. Motor Lift Assembly 11/936,482 11/7/07 U.S. Latch for a Boat Storage Compartment Cover 12/042,885 3/5/08 U.S. Splatter Shield for Wheel Hubs 61/146,527 1/22/09 U.S. Boat Deck Locker 12/564,659 9/22/09 U.S.
PATENTS – WOOD MANUFACATURING COMPANY, INC. ISSUED MATTERS
TITLE SERIAL NO. FILING DATE PATENT NO. ISSUE DATE COUNTRY Tackle Organizer 10/052,694 1/18/02 6,574,911 6/10/03 U.S. Trailer Jack and Method 10/827,999 4/19/04 7,219,914 5/22/07 U.S. Folding Deck 10/976,172 10/28/04 7,107,927 9/19/06 U.S. Polyurea Coated Trailer 11/039,073 1/20/05 7,125,032 10/26/06 U.S. Latch for a Compartment Lid 11/202,958 8/12/05 7,255,053 8/14/07 U.S. Boat Deck Locker 11/824,945 7/2/07 7,591,228 9/22/09 U.S. ------HULL DESIGNS – WOOD MANUFACTURING COMPANY, INC.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Ranger Comanche 522 VX Fiberglass single v-hull and Wood Manufacturing Co., Wood Manufacturing Co., DVH 0001 deck Inc. Inc.
- 30 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
HULL DESIGNS – WOOD MANUFACTURING COMPANY, INC.
TITLE DESIGN DESIGNER(S) OWNER REGISTRATION NO. Ranger 621 Fisherman Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0174 Inc. Inc. Ranger 521 Comanche Bass boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0180 Inc. Inc. Ranger 165 VS Bass boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0181 Inc. Inc. Ranger 168 Phantom Flats boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0206 Inc. Inc. Ranger 168 Banshee Flats boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0205 Inc. Inc. Ranger 188VS Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0304 Inc. Inc. Ranger Z19 Comanche Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0303 Inc. Inc. Ranger 2000 Bay Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0302 Inc. Inc. Ranger 1750 Reata Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0301 Inc. Inc. Ranger 2400 Bay Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0300 Inc. Inc. Ranger 2200 Bay Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0299 Inc. Inc. Ranger 620 Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0298 Inc. Inc. Ranger Z20 Comanche Fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0258 Inc. Inc. Ranger 1850 Reata Fishing & recreation boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0257 Inc. Inc. Ranger Z22 Comanche Fishing Boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0256 Inc. Inc. Ranger Z21 Comanche Fishing Boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0255 Inc. Inc.` Ranger 620 Tiller Cruiser and fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0400 Inc. Inc. Ranger 618 Tiller Cruiser and fishing boat Wood Manufacturing Co., Wood Manufacturing Co., DVH 0401 Inc. Inc. ------DOMAIN NAMES - WOOD MANUFACATURING COMPANY, INC.
Domain Name Account Holder
Rangerboats.com Wood Manufacturing Company, Inc. Rangerboats.net Wood Manufacturing Company, Inc. Rangerbonusvoucher.com Wood Manufacturing Company, Inc. Rangerownersgroup.com Wood Manufacturing Company, Inc. Mydreamrig.com Wood Manufacturing Company, Inc.
- 31 - SCHEDULE 1.1(g) –– ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.1(m) –– INSURANCE POLICIES
GENMAR HOLDINGS, INC. GENMAR HOLDINGS, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 39,540 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 50,030 Paid in Full Officers Side A DIC
E-Commerce/ Data Privacy CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 equal Seaswirl, Stratos installments due 1st of each month 1,000 JTC, Watkins,
Triumph 10,000-25,000
- 32 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR HOLDINGS, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy $0 - premium Media Liability Chubb 3,000,000 3,000,000 0 1/27/2010 Paid in Full paid by FLW
Pollution - Hatteras AIU 5,000,000 5,000,000 100,000 11/30/2011 86,652 Paid in Full Pollution - JTC Acquisition AIU 1,000,000 1,000,000 50,000 3/6/2011 93,781 Paid in Full
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428 Premium financed 15% down 9
installments due 1st of each month
Special Great American 20,000,000 20,000,000 0 11/10/2010 15,026 Paid in Full
Ins. Company of the State Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 of PA - AIU Premium financed 30% down 9
installments due 1st of each month
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Federal Insurance Part of 25,000,000 7,500,000 7,500,000 28,500 15,767 Company Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America
- 33 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR HOLDINGS, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Federal Insurance Part of 25,000,000 2,500,000 2,500,000 6,000 3,320 Company (All policies are excess of Premium financed General & Product Liability, for all of above Workers' Compensation, policies 12
Auto Liability, Marine, installments due International Package & 1st of each month Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR INDUSTRIES, INC. GENMAR INDUSTRIES, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 - 34 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR INDUSTRIES, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 equal Seaswirl, installments due Stratos 1st of each month 1,000 JTC, Watkins,
Triumph 10,000-25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy Ins. Company of the State of Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 PA - AIU Premium financed 30% down, 9
installments due 1st of each month
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
- 35 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR INDUSTRIES, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining (All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR IP, L.L.C. GENMAR IP, L.L.C. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
- 36 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR IP, L.L.C. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR MICHIGAN, L.L.C. GENMAR MICHIGAN, L.L.C. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
E-Commerce/ Data CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full Privacy
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL)
- 37 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR MICHIGAN, L.L.C. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 installments Seaswirl, due 1st of each Stratos month 1,000 JTC, Watkins,
Triumph 10,000-25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy
Pollution - JTC Acquisition AIU 1,000,000 1,000,000 50,000 3/6/2011 93,781 Paid in Full
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428 Premium financed 15% down, 9
installments due 1st of each month Ins. Company of the State of Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 PA - AIU Premium financed 30% down, 9
installments due 1st of each month
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
- 38 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR MICHIGAN, L.L.C. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR MINNESOTA, INC. GENMAR MINNESOTA, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
E-Commerce/ Data CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full Privacy
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
- 39 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR MINNESOTA, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 installments Seaswirl, Stratos due 1st of each month 1,000 JTC, Watkins,
Triumph 10,000-25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428 Premium financed 15% down, 9
installments due 1st of each month Ins. Company of the State of Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 PA - AIU Premium financed 30% down, 9
installments due 1st of each month $197 paid for 4 Work Comp - OH OHIO Bureau of WC n/a 0 0 until cancelled payroll driven mo’s (3x/yr as reported)
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America
- 40 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR MINNESOTA, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR TENNESSEE, INC. GENMAR TENNESSEE, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
- 41 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR TENNESSEE, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
E-Commerce/ Data CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full Privacy
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 installments Seaswirl, Stratos due 1st of each month 1,000 JTC, Watkins,
Triumph 10,000-25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428 Premium financed 15% down, 9
installments due 1st of each month Ins. Company of the State of Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 PA - AIU Premium financed 30% down, 9
installments due 1st of each month
- 42 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR TENNESSEE, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACATURING COMPANY, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000 National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed
- 43 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
WOOD MANUFACATURING COMPANY, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Collision ACV ACV 5,000 30% down, 9 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
E-Commerce/ Data CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full Privacy
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000 - 25,000 7/1/2010 224,830 168,615 Ranger, 12 equal Seaswirl, Stratos installments due 1st of each month 1,000 JTC, Watkins,
Triumph 10,000 - 25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428 Premium financed 15% down, 9
installments due 1st of each month
- 44 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
WOOD MANUFACATURING COMPANY, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining
Work Comp Midwest Employers Casualty 1,000,000 3,000,000 400,000 7/1/2010 19,363 Paid in Full
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
GENMAR TRANSPORTATION, INC. GENMAR TRANSPORTATION, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining Aircraft USAIG 0 10/15/2010 17,100 Paid in Full Liability 50,000,000 50,000,000 Hull 2,400,000 2,400,000
- 45 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR TRANSPORTATION, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining National Union Fire Ins. Co Auto Liability 5,000,000 5,000,000 0 7/1/2010 691,580 382,593 of Pittsburgh Auto Physical Damage Premium financed 30% down, 9 Collision ACV ACV 5,000 installments due Comprehensive ACV ACV 5,000 1st of each month
Crime Hartford 10,000,000 10,000,000 250,000 11/10/2010 40,220 Paid in Full
National Union Fire Ins. Co Director & Officers 20,000,000 20,000,000 100,000 11/10/2010 91,400 Paid in Full of Pittsburgh. PA
Excess - Director & Hartford 10,000,000 10,000,000 100,000 11/10/2010 41,530 Paid in Full Officers Side A DIC
E-Commerce/ Data CNA 5,000,000 5,000,000 100,000 1/31/2010 77,416 Paid in Full Privacy
National Union Fire Ins. Co Fiduciary 5,000,000 5,000,000 25,000 11/10/2010 8,500 Paid in Full of Pittsburgh, PA
Excess Fiduciary Hartford 5,000,000 5,000,000 25,000 11/10/2010 6,010 Paid in Full
General & Product Liability ACE 1,000,000 2,000,000 250,000 7/1/2010 300,000 165,965 (MGL) Premium financed 12 installments
due 1st of each month International Package CNA 7/1/2010 5,162 Paid in Full General Liability 1,000,000 2,000,000 0 Auto Liability 1,000,000 1,000,000 0 Employer's Liability 1,000,000 0 0 Property 100,000 100,000 2,500 Fidelity 25,000 25,000 2,500 Marine (Hull & Transit) St. Paul Fire & Marine 10,000,000 10,000,000 5,000-25,000 7/1/2010 224,830 168,615 Ranger, 12 equal Seaswirl, installments due Stratos 1st of each month 1,000 JTC, Watkins,
Triumph 10,000-25,000 Carver, FW,
Larson, Well Part of above Part of above Marine (P&I) St. Paul Fire & Marine 1,000,000 1,000,000 5,000 7/1/2010 Policy Policy Part of above Part of above Ocean Transit St. Paul Fire & Marine 2,500,000 0 500 7/1/2010 Policy Policy
Property FM Global 1,000,000,000 1,000,000,000 500,000 4/1/2010 611,702 258,428
Premium financed
15% down, 9
- 46 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
GENMAR TRANSPORTATION, INC. SCHEDULE OF INSURANCE AS OF 9/30/09
Limits SIR/ Exp. Genmar Installments Coverage Carrier Per Occ/Clm Agg. Deductible Date Premium* Remaining installments due 1st of each month
Ins. Company of the State of Work Comp 1,000,000 1,000,000 0 7/1/2010 675,087 373,468 PA - AIU Premium financed 30% down, 9
installments due 1st of each month
Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 10,000,000 10,000,000 194,000 107,324
Part of 25,000,000 ACE 5,000,000 5,000,000 97,000 53,662
National Fire Insurance Co. Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 97,000 53,662 Insurance Company
First Excess Bumbershoot 25,000,000 25,000,000 0 7/1/2010
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 28,500 15,767
Part of 25,000,000 ACE 5,000,000 5,000,000 19,000 10,510
National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 19,000 10,510 Insurance Company
Part of 25,000,000 Federal Insurance Company 7,500,000 7,500,000 28,500 15,767
Second Excess 25,000,000 25,000,000 0 7/1/2010 Bumbershoot
Part of 25,000,000 XL Specialties 7,500,000 7,500,000 18,000 9,957
National Fire Insurance Co. Part of 25,000,000 10,000,000 10,000,000 24,000 13,277 of North America National Liability & Fire Part of 25,000,000 5,000,000 5,000,000 12,000 6,639 Insurance Company
Part of 25,000,000 Federal Insurance Company 2,500,000 2,500,000 6,000 3,320
(All policies are excess of Premium financed General & Product for all of above Liability, Workers' policies 12 Compensation, Auto installments due Liability, Marine, 1st of each month International Package & Aircraft) *Premium does not include broker fee, finance charges or taxes
- 47 - SCHEDULE 1.1(m) –– INSURANCE POLICIES DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS
GENMAR HOLDINGS, INC. GENMAR HOLDINGS, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support 3M Price Protection and Supply Agreement 05/23/08 06/30/09 $0 AAA Cooper Transportation GHI, LTL Carrier Contract Transportation Agreement 06/01/05 N/A $0 ABF Freight System Inc Contract Amendment 1 - 2 yr 10/01/07 10/01/09 $0 ACT Fastening Solutions Purchase Order - Master Terms & Conditions; 04/07/08 04/07/13 $0 Confidentiality Agreement - 5yr. Alcan Composites, a division of Letter of Agreement - 3yr 11/30/07 11/30/10 $0 Alcan Pro Alvan Motor Freight Inc. GHI, LTL Carrier Contract Transportation Agreement 10/19/07 10/19/09 $0 American Suzuki Motor 2009 MY Engine Supply Agreement 05/11/09 03/31/10 Varies on Corporation purchases Arcteck Inc License Agreement for injection molding – vacuum 07/31/95 06/30/96 $0 assisted resin introduction – term 9 months or until training completed. Averitt Express Inc. GHI, LTL Carrier Contract Transportation Agreement 09/01/07 09/10/09 $0 AVI Systems Annual Maintenance BOD Room $3,500 $0 Bank of America NA Amendment No. 1 to Marine Repurchase Agreement 00/00/05 90 day written, $0 either party or bankruptcy Bank of America NA Marine Repurchase Agreement 04/30/04 90 day written, $0 either party or bankruptcy Black Box Telephone Maintenance; 3 yr contract Blow Molded Specialties Inc. Supply Agreement – blow molded fuel cells 04/26/07 06/30/08 $0 Boat Dealers' Alliance Inc. Strategic Alliance Agreement 04/11/06 3 years rolling $0 renewable annually BRP US Inc. 2009 MY Engine Supply Agreement - Evinrude and 07/01/08 07/01/09 Varies on Johnson brands purchases Brunswick Corporation Stock Purchase Agreement - Hatteras 10/23/01; Stock 3/5/2004 and $0 Purchase Agreement - Aluminum 5/3/04. 10/2301 Bucci Investment Corporation Indemnity Agreement Breakwater Marine; Lease 11/07/08. $1 pd. For lease on property located at: 16099 Frasier Hwy, Surrey British Columbia 11/07/08 $1 Campagnie Generale De Collaboration Contract for financing of Euro distribution. 5/23/2007 & $0 Location D'Equipe Primarily France, Spain, Italy and Germany. 10/18/07 Campagnie Generale De Collaboration Contract for financing of Euro distribution. 5/23/2007 & $0 Location D'Equipe Primarily France, Spain, Italy and Germany. 10/18/07 Central Freight Lines GHI, LTL Carrier Contract Transportation Agreement. 05/18/09 05/18/11 $0 Original 5/23/05. Celtic Leasing Corp Supplemental Lease Schedule No 3 Lease # CML- 2/1/07 Original 02/01/10 $16,125 0943A. 5 axis CNC router and Belotti trimmer. Master 4/13/00 Lease not on G: drive Central Parking System Parking Agreement $0 Central Transport International GHI, LTL Carrier Contract Transportation Agreement. 05/23/09 2 years $0 Cequent Electrial Products Inc. Supply Agreement. Same as Cequent Trailer. 11/01/07 06/03/10 $0 Cequent Trailer Products Inc. Supply Agreement. Same as Cequent Electrical. 11/01/07 06/03/10 $0 China Mfg Sourcing Agency Independent contractor agreement Con-Way Inc GHI, LTL Carrier Contract Transportation Agreement 05/10/05 05/10/07 $0 Dayton Freight Lines Inc GHI, LTL Carrier Contract Transportation Agreement 10/01/07 10/01/09 $0 Dedicated Systems Inc GHI, LTL Carrier Contract Transportation Agreement 10/31/07 10/31/09 $0 Defined Contribution Advisors Consulting Contract for 401k/ Profit Sharing Plan(s) Deloitte Tax LLP Engagement Letter; Addendum to Engagement letter of 03/18/08 $0
- 48 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR HOLDINGS, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support 9/20/07. One-time payment. Estes Express Lines GHI, LTL Carrier Contract Transportation Agreement 06/06/05 06/06/07 $0 EZ Loader Boat Trailers Inc. Supply Agreement. Trailer manufacturer 07/01/07 06/30/10 $0 and its subs Fireboy-Xintex Inc. Supply Agreement. Safety gear. Fire and fume 07/01/08 06/30/13 $0 detection. GE Capital Solutions Lease Equipment - Lease #8392788001. Gerber 09/15/08 09/14/14 $3,209 Software and hardware in Cadillac, MI. Original purchase price $181k. GE Comm Dist Finance Genmar CDF Master Factoring Agreement - Australia $0 GE Comm Dist Finance Corp Vendor Agreement; Amendment to Vendor Agreement; 02/05/09 Second Amendment to Vendor Agreement; Limited Guaranty of Dealer (D'Anna Yacht Sales) with GE Commercial Distribution Finance Corp.
GE Commercial Distribution Fin Limited guarantee dated 03/05/09 03/05/09 Great American Special risk GSSC d/b/a Magnum Venus Agreement Products Inland American Office IDS Office Lease; Original with First and Second management. See Eighth Amendment to Lease; Per 2nd amendment, Yr 1 Street Tower Corp above for $44,942/mo, Yy 2, $52,951 and Yr 3, $60,241 additional details 04/01/08 03/31/11 $52,591 Inland Plywood Company Supply Agreement. Plywood and Marine laminate 05/15/07 04/30/10 $0 products. Net 45 Days. Interplastic Corporation Supply Agreement w/Interplastics Corp. 03/01/04 02/28/14 $0 ITT Industries Supply Agreement. Bait wells, bilge pumps and blowers. Net 30 days 07/01/08 06/30/11 $0 ITW SprayCore, a division of Supply Agreement. Mfg of syntactic resins. 04/01/08 03/31/11 $0 Illinois Too Jacobs Management Corp. Restated Mgmt Agreement (7/01/08 for 1 yr) 07/01/08 06/30/09 $0 Laser Technologies Inc. Contract printers and cartridges Lectra USA Inc. Hardware, Software and CAD-CAM solutions. 03/17/03 03/16/06 Leemhuis, Rob Independent Contractor Agreement 08/31/09 12/31/09 Magnum Venus Products Supply Agreement. Choppers, sprayers and 06/24/08 $0 Gelcoaters. Marine Fasteners Inc. Supply Agreement. Stainless steel fasteners. Net 45 days 07/01/08 06/30/11 $0 Marine Hardware Supply Agreement. Marine hardware and Asian 07/01/08 06/30/09 $0 sourcing. Net 45. Maxwells Marine Inc. Supply Agreement. Windless winches. 07/01/07 06/30/09 $0 Mercury Marine Engine Supply Agreement; 1st Amendment to 2008 MY 08/29/08 06/30/10 Varies on Engine Supply Agreement; purchases Message Labs Software Agreement; Add'l users; Anti-spam; Anti-virus Mid-States Express GHI, LTL Carrier Contract Transportation Agreement. 10/01/07 09/30/09 $0 Minnesota Wild Hockey Club Agreement for Team and Arena Sponsorship LP 12/07/06 06/30/09 $0 Mintax Inc/ADP Inc. Engagement Agreement. Sales and use tax reverse 06/03/04 $0 audit. Mintax Inc/ADP Inc. Amendment to Engagement Agreement 09/22/08 08/29/09 $0 N&M Transfer Co Inc. GHI, LTL Carrier Contract Transportation Agreement. 10/01/07 09/30/09 $0 North American Composites Co Consignment Agreements. Roving gun fiberglass. 11/14/08 $0 Northmarq. Formerly United Engagement letter Orono, MN Marina - 3.28 acres Properties 08/31/09 Operation Bass Inc. Sponsorship agreement 01/01/08 12/31/09 Optronics Inc Supply Agreement 07/01/06 06/30/07 $0 OVC Fabrics Supply Agreement. 01/01/08 12/31/09 Peters and May International Freight expeditor. No contract on file. - 49 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR HOLDINGS, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support PJAX Freight Systems GHI, LTL Carrier Contract Transportation Agreement. 10/01/07 09/30/09 $0 Qwest Communications Co LLC Qwest Total Advantage Agreement 03/24/09 03/23/12 $5,000 R & L Carriers Inc GHI, LTL Carrier Contract Transportation Agreement 01/08/08 01/07/10 $0 Raymarine Inc. Group OEM Standard Fit Program Agreement. 07/01/08 06/30/10 $0 Minimum purchase requirements. Net 31 days. Roadway Express Inc GHI, LTL Carrier Contract Transportation Agreement 12/05/07 12/05/09 $0 Rousse, Michel Independent contractor agreement RSM McGladrey Software Consulting Agreement. Int'l & Genmar balances Schwab Retirement Services Administration Service Contract for 401k/ Profit Sharing Plan(s) Southeastern Freight Lines GHI, LTL Carrier Contract Transportation Agreement 06/01/05 06/01/07 $0 Sprint Solutions Inc Master Service Agreement. $555 - Blackerry'd and $1,189 - 1/800. 01/28/07 01/28/09 $0 St. Gobain BTI Supply Agreement. VEC materials. 10/11/07 12/31/09 $0 Statistical Surveys Inc. Agreement for the License and Use of Marine Retail 06/01/08 06/01/12 $0 Sales Data. New boat registration data. Quarterly Payments of: Yr 1 $28,375. Yr 2 $32,750, Yr 3 $33,687 and Yr 4 $34,625. Sungard Availability Services Account #13303 LP Syntec Industries LLC Supply Agreement. Carpet, vinyl and graphics 10/01/07 06/30/10 $0 Taco Supply Agreement Teleflex Marine, a division of Supply Agreement. Supplier of serial gauges. Net 45 11/12/03 06/30/09 $0 Teleflex I days. Tesa Tape - Combined Balances Textron Financial Repurchase Agreement. 07/01/08 06/30/09 $0 The Bergquist Company Aircraft Lease Agreement. Beechcraft Airking 350. Auto renewal. $975 per hour w/o fuel or crew. 09/20/05 09/20/06 Varies The Republik Corporation Agency Service & Compensation Agreement. Marketing communications and design services. Net 30 days. $7k in June is for 3 Website templates (doc date 6/1) 04/01/09 03/31/10 $0 Time Warner Telecom Data T1; 3YR contract($850) 09/14/07 $1,360 Tesa Tape - Combined Balances Tranzact Technologies Inc. Master Service Agreement 2. Post-Pet - Carver-$388. 10/22/04 $0 United Properties Engagement letter Sarasota Property. 2 payments of 03/13/08 10/01/09 $0 $17.9k, then $9.7k monthly until sold. United Properties Engagement Letter Culver Property. 2 payments @ 03/13/08 10/01/09 $6,900 $13.3k, then $6.9k monthly until sold. Net 45 days. USF Holland Inc GHI, LTL Carrier Contract Transportation Agreement 10/01/07 09/30/09 $0 Vitran Express Inc/PJAX Common carrier Expres Volvo Penta of the Americas 2006 MY Engine Supply Agreement. Target 07/01/06 06/30/07 $0 Inc. commitments with % discount rates. Wallenius Wilhelmsen Logistics Wallenius Wilhelmsen Logistics AS Service Contract. 09/01/08 $0 AS Overseas shipment of boats. Termination with 30 days written notice. Wilson Trucking Company GHI, LTL Carrier Contract Transportation Agreement 10/01/07 09/30/09 $0 Yamaha Motor Corporation 2009 MY Engine Supply Agreement Varies on USA purchases
GENMAR INDUSTRIES, INC.
None.
- 50 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR IP, L.L.C.
None.
GENMAR MICHIGAN, L.L.C. GENMAR MICHIGAN, L.L.C.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support B&B Leasing SMALL PARTS BUILDING/FEDEX BLDG. Four Winns has vacated the bldg. Lease is on file in Michigan Bldg vacated $16,510 BK Long Enterprises BOON ROAD MARKETING BLDG. Four Winns has vacated the bldg. Lease is on file in Michigan. Bldg vacated $500 C Raymond Hunt Assoc Inc Design Agreement not to exceed $40k. Hull bottom 33' 02/03/03 Until completion $30,000 LOA Express Cruiser. $15k upon signing then monthly billings. Assume contract PIF. C Raymond Hunt Assoc Inc Design Agreement 40' Express Cruiser; Prepay not to 05/12/04 Until completion $60,000 exceed $60k. $20k, then monthly billings. Assume contract PIF. C Raymond Hunt Assoc Inc Licensing Agreement - Use of Hunt Name. Last 09/10/07 09/10/10 $35,000 payment is due in Sept 2009. Charter Business Solutions Internet Service Agreement. Contract says $155 / 10/10/05 10/10/10 $150 month. Cost Containment Group Letter of engagement. Cost reduction consulting. 09/05/08 Monthly savings $11,600 Materials handling, supplies, temp staffing, waste, payments for 2 telecomm, etc. Fees based on cost savings years Dell Financial Services. 2 Dell computers with accessories. Exact description 04/15/06 04/14/09 $156 Supplier: Dell Inc. and serial # impossible with faxed copy. Lessee PO # 208941. Master Lease Agreement 6427862-108. All of Dell activity is detailer under the first listing Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 03/15/07 03/14/07 $454 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # 210544. Master Lease Agreement 6427862-111 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 05/17/07 05/14/10 $211 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # 210766. Master Lease Agreement 6427862-112 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 06/15/07 06/14/09 $159 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # not provided. Master Lease Agreement 6427862-113 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 06/15/07 06/14/09 $159 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # not provided. Master Lease Agreement 6427862-113 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 10/15/07 10/14/09 $70 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # 8001646. Master Lease Agreement 6427862-114 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 09/15/07 09/14/10 $211 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # 8001616. Master Lease Agreement 6427862-115 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 11/15/07 11/14/09 $140 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # not included. Master Lease Agreement 6427862-116 Dell Financial Services. Assumed to be Dell computer(s)? with accessories. 06/15/08 06/14/11 $105 Supplier: Dell Inc. Exhibit "A" (descriptions) were not included with contract submissions. Lessee PO # not included. - 51 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR MICHIGAN, L.L.C.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Master Lease Agreement 6427862-117 Ervin Leasing (Supplier Applied Ricoh Aficio 2020D Copier Serial # K83557040132 01/31/06 01/30/10 $74 Imaging) Ervin Leasing (Supplier Applied Ricoh Aficio 2020D Copier Serial # K8356942644 02/16/06 02/15/09 $101 Imaging) Ervin Leasing (Supplier Applied Ricoh Aficio 3045SPF Copier Serial # K9465102339 06/30/06 06/29/09 $345 Imaging) Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365101533 06/30/06 06/29/09 $288 Imaging) Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365501167 10/31/06 10/30/10 $283 Imaging) Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365501194 10/31/06 10/30/10 $174 Imaging) IKON Financial Services Ricoh copier CPR AF3228C. Monthly lease and 06/01/06 05/31/10 $242 service agreement. Engineering dept. Onetime fee of $885 for setup and installation. Kaspersky Lab Inc. Anti Virus License Agr#001C-080724-193049 07/24/08 07/24/09 $0 software for 200 workstations. Panasonic of North America Panasonic toughbook computer maintenance 09/01/08 08/31/09 Unknown agreement. Shawn Edie. Model CF30F3SAXAM, serial # 8GKSB66319. Email confirmation only. Assume contract prepaid Pitney Bowes Credit Corp. Postage Machine, Check stuffer. Training, software 03/02/06 06/02/09 $459 maintenance. With upgrades, phone link. 39 moths @ $459 per month. Agreement number 3935377 Pitney Bowes Credit Corp. Postage Machine and check stuffer. Additions to 03/18/08 06/02/09 $406 system Serial number F352 / 1023004. Training, Optiflow power stacker. Service agreement Ryder Transportation Service 28' Diesel Dry Van Contract. Unit number 409243. 03/01/07 02/28/12 $1,152 Serial # 1MHTAAN35H109893. Base rate of $1,152 with $0.0929 mileage charge. Picked up truck on Sept 1, 2009 Sage FAS Fixed Asset Management Software. Support Plus Unknown 11/11/09 $0 Contract (Software) Expires 11/11/09. Assume contact was prepaid. Wells Fargo Mortgage for Line of Credit 11/01/07 09/30/13 Varies
GENMAR MINNESOTA, INC. GENMAR MINNESOTA, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Ameripride Ameripride Service Promise. Uniform Rental & Apparel 03/01/06 60 mo. Variable Management. Variable due to volume. ASA Electronics Memorandum of Understanding/Letter of Intent. 09/05/08 N/A Not in letter of Specialized waterproof stereo. intent Belgrade, Mike GW Tender agreement letter. Seaswirl boat. Osmotic 05/15/09 N/A $7,500 blisters. $7,500 BMP Business Machines Plus Donica Minolta Copier 7145 (Serial #40LE18481); 7022 03/01/04 Month to Month $35/month Copier (Serial #26WE28147). 30 Day notice minimum Boattestcom LLC Product test Agreement - Work Order #C309259. 03/23/09 Upon $40,000 total Seaswirl. 4 boat models. Assume a 2nd set of four completion of $20k upon boats were tested (additional $40k). test receipt of rpt & $20k 7/1/09 Compass Commercial Real Exclusive Authorization to Sell Culver Property 06/19/08 Assumed to be 6%
- 52 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR MINNESOTA, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Estate 1 year commission de lage landen Financial Svcs Konica Minolta Digital Copier Lease. Model 7145. Serial # 40LE18481. Appears to be the same unit listed under BMP Business Machines above. 03/08/05 03/07/10 $206 Dockside Group Ltd Manufacturer's Representative Agreement - Seaswirl. 07/01/08 06/30/09 3% on all Reclass represents two pre petition balances paid in Seaswirl June and July. Total $25,430 models Gerber Technology Inc Maintenance Contract #40009485; Service Agreement 06/19/07 Annual Self $3,522 #70950 (2001). Gerber Cutter and Konica Minolta Renewing - 60 copier. Service agreements are old. Most recent on day notice copier 2005. Currently monthly rate used to be the monthly post petition additions. Halser Inc c/o Deaton's Mailing Mailing System (Ser #410607043056). 01/19/09 12 mo. With $240 Sys auto renewal Kirchoff, Craig GW tender agreement letter Glastron 2002 SX 195. Issued 5/8/09 one time $2,500 Osmotic Blister. Onetime goodwill payment. Not signed by settlement signed by Kirshoff until post-petition. counter-party 6/4/2009 Lectra USA Inc Invoice #2088722 - Hardware assistance, gold subscription. 07/01/09 06/30/10 $20,326 Lectra USA Inc Invoice #2088720 - Service Subscription for CAM 07/01/09 06/30/10 $6,532 system. "Remote Expertise". Contract # KUS306170001@6. VectorPilot Techtex V2R1 and Eclipse V2R1 Lectra USA Inc Invoice #2088721 - Software Evolution for VectorPilotT 07/01/09 06/30/10 $6,532 and VectorPilot Techtex V2R2 Marco Inc. Sharp MX-M350NB, Serial 75011237 (11/15/07). 05/01/08 All contracts are $1,320 Sharp MX-M350NB, Serial 75019764 Customer Service 60 moths (8/27/07). Sharp MX-M620N, Serial # 75006798 Main Office (5/1/08). Sharp MX-M350NB, no serial # listed, Traffic. Onvoy Inc Amendment No One to the Shared Web Hosting 10/06/06 3 yrs. $160 Addendum to the Onvoy Service Agreement b/t Glastron & Onvoy Inc. Reclass represents a pre petition balance paid in July $1,033. Parker, Bob & Linda Settlement agreement and release. One-time payment 03/23/09 03/23/09 $50,000 Portofino Training Academy Contract for Services. Larson Dealer sales and 04/23/07 3 yrs. $0 marketing online training. R&S Sales LLC Manufacturer's Representative Agreement - Seaswirl. 07/01/08 06/30/09 3% of sales Reclass represents a pre petition balance paid in July $906. Retail Maintenance Svc Inc Proposal # Prop-521636 Culver OR. Property 03/25/09 09/11/00 $255 inspection and maintenance. Sherrill, Henry GW tender agreement letter. Offer of replacement 06/03/09 N/A Parts at cost parts at cost for a Seaswirl boat Sungard Availability Services Data recovery services 02/11/09 02/01/12 $806 LP TimeTrak Systems System Software/hardware support 04/28/08 06/01/09 $4,795 Tobin, Steve Manufacturer's Representative Agreement - Larson. 06/27/08 06/30/09 2% current Reclass represents a pre petition balance paid in June models, 1% all $3,702. other models Utility Partners Incorporated Energy Bill savings and options Larson's plants six four 12/01/04 60 mo. $0 and coverall facilities w/Utility Partners Inc. Reclass represents a pre petition balance paid in June $4,524. VEC Technology LLC VEC Cell Lease; VEC Cell Intellectual Property Lease 07/01/04 06/30/11 $14,597.5 base Agreement. rent plus lb fee
GENMAR TENNESSEE, INC.
- 53 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR TENNESSEE, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Absher, RT Settlement agreement. Unknown Onetime ACE Applied Computer Salute Software - Warranty system software. 6 months 07/01/09 06/30/11 $2,400 Excellence Inc. for $2,400. New invoice dated 4/18/09 extends period for 12 months at the same price. ADT Security Services Inc. Alarm Contract TN Fire Alarm Contractor #C-0255. 03/12/07 03/11/12 $37 Murfreesboro Offsite warehouse 1128 Commerce Place ADT Security Services Inc. Fire Alarm Contract TN Alarm Contractor #C-0255. 03/12/07 03/11/12 $1,022 Annual Murfreesboro Plant plus monthly monitoring. A.L. Marine (Alex Leva) Manufacturer's Representative Agreement. (Hydra- 07/01/08 06/30/09 Monthly based Sports) commission percentage in general is either on calculation 1.5% or 2% of Net Invoice Value depending on boat. not later than Reclass of June payment for prepetition balance 30 days. $9,273. Alan Warren Outdoors Broadcast Agreement with 3 support boats. Engines 06/27/05 Year to Year 1 Fully Rigged are negotiated directly with engine mfg. Automatic Ch 206, 1 fully renewal. Must rigged 24 Ch be cancelled in Bay, 1 Memo writing before Bill Boat 7/1 $22,049.47 Allen, David Prize boat - Stratos 285 XL Boat and trailer standard 05/08/09 One Time $10,794 package. Certificate and invoice Tournament prize award Allied Waste Services Waste Agreement #016523. Invoice based upon 12/17/08 12/16/11 Monthly Invoice number of services and volume by weight Net 30 $32/ton Atmos Energy Marketing, Inc. Maintenance contract 09/01/05 08/31/06 15th Net Prox Avaya Communications Maintenance contract. Voice and data transmission. 3 yr initial contract. Assumed month 03/03/03 to month. $1,065 Bennett, Joe Pro Angler Agreement HIN#GCB10391I708 02/29/08 02/27/09 -$32,437 (Champion) Bourgeois III, Theophile Pro Angler Agreement HIN#GCB11180K809 12/11/08 12/09/09 -$29,744 (Champion). Alan Warrens Boat Bourgeois, Captain Theophile Broadcast Agreement w/Alan Warren Outdoors. See Alan Warren Charter Development Company Exclusive Sublease Listing Agreement for 1128 Commerce Park Drive Murfreesboro, TN. 30,000 6% or Gross square feet. 04/16/09 10/15/09 Rental Cintas Rental Service Agreement Contract #8349. Uniform / 09/29/06 09/28/11 Monthly Invoice apparel rental. Shop towels. Net 30 Hagemeyer North America Inc. Purchase agreement. Supplies. List of specific 09/29/08 09/28/13 Variable products (Schedule "A") not included with contract. Amount variable due to volume Hasler Financial Services LLC Lease. 10 lb postage meter with scale. Includes letter 09/21/06 09/20/10 $178 auto feed, 150/minute. Information Global Solutions (as Syteline ERP system. The Software License 09/10/04 09/09/07 Then $22,930 successor to Mapics Inc.) Agreement; Schedule No 1, 3 & 6 Agreement Year to year #A242904; Addendum 1 The Software License Agreement. See Infor. User count increased, hence larger payment than contract $ amount. J & B Transportation Transportation Agreement 05/28/03 1 year, then Per load at month-to-month mileage rate J W Realty G.P. Warehouse real estate lease Payments to date include deposit required at lease inception. First 12 months monthly at $8,125 second twelve months at $8,750 per month. 04/22/08 04/30/10 $105,625 Kubota Credit Corp USA Equipment financing agreement. 2 tractors, Model: 07/01/09 12/31/12, 42 $477 L2800F-1F. Contract on file not signed. months Mapics Inc Syteline ERP system. The Software License 09/09/07 Then Agreement; Schedule No 1, 3 & 6 Agreement 09/10/04 Year to year $22,930 - 54 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR TENNESSEE, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support #A242904; Addendum 1 The Software License Agreement. See Infor. User count increased, hence larger payment than contract $ amount. McClelland, Mike Pro Angler. No Hin# provided on contract. Champion. 11/01/08 10/31/09 Sell 210 boat at At 6-1-09 transaction had not occurred nor has it been cost done since filing. nexAir LLC Product Supply Agreement. Nitrogen gas and tank 09/25/01 03/24/02 $0 rental. After initial period term defaulted to month to month with payment due Net 30 from date of invoice. Pope, Jeff Pro Angler Agreement HIN#CB10721C808. Champion $0 Quinn, Jason Pro Angler Agreement. Angler receives boat, plus 10/01/08 09/30/09 1 Champion contingent amounts based upon tournament results. 210 Boat less Champion. At 6-1-09 transaction had not occurred nor engine No Rec. has it been done since filing. Reese, Skeet Pro Angler Agreement. Champion. Angler receives 11/01/08 10/31/09 1 Champion boat, plus contingent amounts based upon tournament 210 Boat less results. Champion. At 6-1-09 transaction had not engine occurred nor has it been done since filing. R & S Marine Group, LLC Manufacturer's Representative Agreement. Champion 03/18/09 03/18/10 Monthly based commission percentage in general is either 1.5% or 2% on calculation of Net Invoice Value depending on boat. Reclass of not later than June payment for prepetition balance $10,000. 30 days. 1.5% or 2% net invoice. RJ Young Company Ricoh Copier Contract Order #CN042006A. 04/28/06 7/27/2009, 39 $1,362.20 plus months copy charge Security Archives Inc. Off Site Records Storage and destruction. Acct 07/16/04 Automatic Monthly Invoice #SA3033. Monthly invoice based on quantity stored Renewal in 1 Net 30 plus service fees. Initial monthly charge $477.55 / year increments month Siemens Product Lifecycle Software Maintenance. NX Mach 3 Industrial Design 09/11/08 10/31/09 $3,776 Mgmt Siemens Product Lifecycle Software Maintenance $0 Mgmt. See above in Florida Section Verizon Wireless Cell Phone contract end date summary. Per TN, contract is on file at corporate Expired $0 XO Communications Svcs Inc. Service Order Agreement - 2 yr contract 04/09/08 04/08/10 $466
GENMAR TRANSPORTATION, INC. GENMAR TRANSPORTATION, INC.
Periodic Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Associated Bank Leasing Div Lease Schedule #001 of Master Lease Agreement 10/06/05 09/06/10 $1,672 #1608 2 Trailers: 1D9BH482061208345; 1D9BH482261208346; Double drop Dropdeck boat trailers. $10,660, the 59 payments @ $1,672. Associated Bank Leasing Div Lease Schedule #002 of Master Lease Agreement 11/07/05 10/05/10 $1,697 #1608 Trailers: 1D9BH482461208347; 1D9BH482661208348. 2 New 2006 Doule drop Dropdeck boat trailers. 1 payment @ $10,660 then 59 @ $1,697. Associated Bank Leasing Div Lease Schedule #003 of Master Lease Agreement 12/15/05 11/15/10 $1,829 #1608 Trailers #1D9BH482861208349 and 1D9BH482861208350 2 New 2006 Doule drop - 55 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR TRANSPORTATION, INC.
Periodic Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Dropdeck boat trailers. 1 payment @ $11,516 then 59 @ $1,828.94. Associated Bank Leasing Div Lease Schedule #004 of Master Lease Agreement 01/03/06 12/03/10 $1,829 #1608 Trailers #1D9BH482661208351 and 1D9BH482861208352 2 New 2006 Doule drop Dropdeck boat trailers. 1 payment @ $11,516 then 59 @ $1,828.94. Citicapital Comm Leasing Corp. Trailer Lease Agreement: 20 Units 03/16/04 03/15/10 $7,150 1D9BG482841208917; 1D9BG482X41208918; 1D9BG482141208919; 1D9BG482841208920; 1D9BG482X41208921; 1D9BG482141208922; 1D9BG482341208923; 1D9BG482541208924; 1D9BG482741208925; 1D9BG482941208926; 1D9BG482441208929; 1D9BG482041208930; 8931, 8932, 8933, 8934, 8935, 8936, 8937 and 8938 Daimler Chrysler Services Contract # 100-0090924 Trailer Lease Agreement: 10 11/23/02 10/23/09 $3,539 units 1D9BG482431208735; 1D9BG482631208736; 1D9BG482831208737; 1D9BG482X31208738; 1D9BG482131208739; 1D9BG482831208740; 1D9BG482X31208741; 1D9BG482131208742; 1D9BG482331208743; 1D9BG482531208744 Daimler Chrysler Services Contract # 100-0090926 Trailer Lease Agreement: 10 01/31/03 12/31/09 $3,539 units 1D9BG482731208745; 1D9BG482931208746; 1D9BG482031208747; 1D9BG482231208748; 1D9BG482431208749; 1D9BG482031208750; 1D9BG482231208751; 1D9BG482431208752; 1D9BG482631208753; 1D9BG482831208754 Daimler Chrysler Services Contract # 100-0090927 Trailer Lease Agreement: 10 08/15/03 07/15/09 $3,599 units 1D9BG482641208818; 1D9BG482841208819; 1D9BG482441208820; 1D9BG482641208821; 1D9BG482841208822; 1D9BG482X41208823; 1D9BG482141208824; 1D9BG482341208825; 1D9BG482541208826; 1D9BG482741208827. Aug payoff amount estimated to be $67k. GE Commercial Finance 2 units. Schedule A Trailer lease 02/23/05 03/11/11 $1,321 1D9BH482651208042; 1D9BH482851208043 Heare, Rodney, Jr. Settlement agreement signed, but not paid. Property 05/27/09 $1,675 damage settlement. Copy of check on file. Status of payment unsure. Hull, Sheila Settlement agreement dated 05/05/09. 6/29/07 04/21/09 11/15/09 $0 incident. Initial payment $117,500, then $42,500 5/15/09, then $37,500 8/15/09 and $37,500 11/15/09 Mid America Capital Svcs Inc. Master Lease Agreement, 3 units. Doonan Dropdeck 05/15/06 05/15/12 $1,406 trailer: 1B9BG482X61208355, 1D9BG482161208356, 1D9BG482361208357 Mid America Capital Svcs Inc. Master Lease Agreement. 9 units. Doonan Dropdeck 05/23/06 05/15/12 $4,218 boat trailer. Trailers: 1D9BG482561208358, 1D9BG482761208359, 1D9BG482361208360, 1D9BG4825611208361, 1D9BG482761208362, 1D9BG482961208363, 1D9BG482061208364, 1D9BG482261208365, 1D9BG482461208366 Mid America Capital Svcs Inc. Master Lease Equipment Schedule 2 units Doonan 07/10/06 07/15/12 $937 Dropdeck boat trailer. Trailers: 1D9BG482661208367; 1D9BG482X61208369; One unit paid off. Down to two units. Mid America Capital Svcs Inc. Master Lease Agreement, 2 Units. Doonan Dropdeck 07/10/06 07/15/12 $1,614 Boat Trailers: 1D9BH482X71208633; 1D9BH482171208634 River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: 04/20/07 03/20/13 $816 Payment are made to 1D9BH482671609982. 1 Unit. Doonan Dropdeck boat
- 56 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
GENMAR TRANSPORTATION, INC.
Periodic Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Associated Bank trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Unit. Trailer: 04/10/07 03/10/13 $818 1D9BH482871609983. 1 Doonan Dropdeck boat trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Trailer: 05/20/07 06/20/13 $820 D9BH482271609235. 1 Unit. Doonan Dropdeck boat trailer. VFS Leasing Co Vehicle Lease 015, 1 Unit. Terminal Rental Adjustment 08/13/07 08/13/11 $1,370 Clause Schedule 4V4NC9EJ87N482365. Volvo model VNL64T-670, 2007. VFS Leasing Co Vehicle Lease 010, Terminal Rental Adjustment Clause 02/15/06 02/15/10 $19,405 Schedule Volvo model VNL64T-630. 2007 - 13 Tractors: First 5: 4V4NC9GH47N436770, 4V4NC9GH67N436771, 4V4NC9GH87N436772, 4V4NC9GHX7N436773, 4V4NC9GH17N436774 VFS Leasing Co Vehicle Lease 011, Terminal Rental Adjustment Clause 04/01/06 03/08/10 $25,500 Schedule Volvo model VNL64T-630. 2007 - 17 Tractors: First 5: 4V4NC9GH27N436783, 4V4NC9GH47N436784, 4V4NC9GH67N436785, 4V4NC9GHX7N436787, 4V4NC9GH17N436788 VFS Leasing Co Vehicle Lease 012, Terminal Rental Adjustment Clause 03/15/06 03/15/10 $27,000 Schedule Volvo model VNL64T-630. 2007 - 18 Tractors: First 5: 4V4NC9GH07N423801, 4V4NC9GH27N436802, 4V4NC9GH47N436803, 4V4NC9GH67N436804, 4V4NC9GH87N436805 VFS Leasing Co Vehicle Lease 014, Terminal Rental Adjustment Clause 04/17/06 04/17/10 $22,498 Schedule Volvo model VNL64T-630. 2007 - 15 Tractors: First 5: 4V4NC9GH37N436839, 4V4NC9HHX7N436840, 4V4NC9GHI7N436841, 4V4NC9GH37N436842, 4V4NC9GH57N436843. 1 Tractor sold in May 09.
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Akron Bass 2009 Terms Agreement Event costs: Ranger cup 2008 Dec 2009 $2,850 $2,850, sponsor boat exp $0, and misc costs $0. American Bass 2009 Terms agreement. Event costs: Ranger cup $0, 2008 Dec 2009 $58,000 sponsor boat exp $58k, and misc costs $0. Anderson, Sue Kansas Walleye Association Tournament Angler's Choice Tournament 2009 terms agreement. 2008 Dec 2009 $9,800 Trail (ACTT) Arctek License agreement Bass World Sports 2009 terms agreement. 2008 Dec 2009 $45,100 Tournaments Circuit Bass-N-Bucks Tournaments 2009 terms agreement. 2008 Dec 2009 $43,400 Bell, Jimmy 2009 Pro Team Agreement. 01/01/09 12/31/09 $0 Blue Heron Communications Media Relations Agreement. Blue Heron to monitor all Unknown Calendar 2009 Multiple $ media publications. Be primary media contact for amounts for Ranger and create press kits. various services BRP 2009 Promotion Program b/t Ranger & Evinrude. Unknown Model Year $400,000 paid 2009 to Ranger and 2 engines - 57 - SCHEDULE 1.2(c) –– EXCLUDED CONTRACTS DC\1260614.7
WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Cabela's Marketing & Brand Marketing Agreement. Cross-brand merchandise 05/07/09 2 yr term ended Four Ranger Management promotions. 12/31/09 boats. Two to be awarded as prizes. Capitol Mercury Shirt Corp Airplane hanger lease - assumed lease from Capital Mercury Shirt Corp - relevant details included under Marion County Airport Board 02/22/02 Lifetime $86,000 Capras Outdoor Promotion 2008-2010 Contract Agreement. 01/01/08 12/31/10 $0 Network Careco Multimedia 2009-10 Americana Outdoors and Fishing & Hunting 08/28/08 Through 2010 2009 - $31,000 Texas Contract; 2008 National Collegiate Bass Fishing season on Dec 1, Championship Contract. Billboards and TV Jan1, Feb 1, commercials. Video for website. Mar 1 and Apr 1. Same for 2010 Carppie USA 2009 terms agreement. 2008 Dec 2009 $30,300 CEF 2002 LLC Freightliner lease 1FVHAWCK05LU75335 (A). Model: 02/23/05 3/2010 $1,529 Argosy. Year: 2005. Chateau Lake Resort & Group Accommodations Agreement; Contract Dealer Meeting Convention Ctr Addendum for Block Decrease. July 12 - July 15, Contract- rooms, food, conference halls. Already Accepted And Paid 03/17/09 $234,667 Citicapital Freightliner lease 1FVHAWCK45LN54278 (A). 07/23/04 8/2009 $1,458 Citicapital Commercial Leasing Freightliner lease 1FVHAWCK15LN55596 and 08/26/04 9/2009 $1,457.35 per Corp. 1FVHAWCK35LN55597 (A). Model: Argosy. Year tractor 2005. Cingular Wireless National Cingular Wireless Business Edge Program Agreement 04/25/05 Automatically Varies monthly Accounts LLC renews for two based on years each time usage a user is added Colangelo/US Smokeless 2009 Skoal Great Brotherhood Giveback Promotion - 08/28/08 8/27/13 $0 Tobacco Purchase Agreement Curtis Lawn Care Lawn Service Agreement 03/05/09 3/2010 $1,000 Flats Class TV (CA Richardson) 2009 Team Flats Class Endorsement Proposal 02/17/09 2009 Season $8,000 Frankie's Marine 2009 terms agreement. 2008 Dec 2009 $17,500 Full Throttle Outdoors 2009 terms agreement. 2008 Dec 2009 $19,400 Future Pro Team Trail/Vince 2009 terms agreement. 2008 Dec 2009 $13,800 Harris Georgia TBF/Van Foster 2009 terms agreement. 2008 Dec 2009 $13,800 Got Bass Team Trail 2009 terms agreement. Dec 2009 $8,800 Hagemeyer North America Inc. Purchase Agreement 08/28/09 08/28/14 $0 Hibdon, Guido 2009 Pro Team Agreement. 01/01/09 12/31/09 $13,500 IFA 2009 terms agreement. Dec 2009 $59,900 Illini Team Trail 2009 terms agreement. . Dec 2009 $15,100 Illinois TBF 2009 terms agreement. 2008 Dec 2009 $5,000 Inshore Fishing Association 2009 Terms Agreement. Not signed or 12/31/09 $123,100 dates Izumi Outdoors Inc. 2007-2009 Advertising, Endorsement, and Promotional 01/01/07 12/31/09 39,900 per yr. Agreement. TV Show: Bob Izumi's Real Fishing Show. 3 yrs Izumi Outdoors Inc. 2009-2010 Advertising, Endorsement, and Promotional 07/01/09 12/31/10 Agreement Jim Saric Outdoors Inc. Television Contract 04/01/08 3/31/09 Ranger to provide $12,000 credit toward Jim's boat
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WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Jimmy Houston Outdoors 2009 Contract 08/18/08 calendar 2009 $101k total. Down payment, then $16,160 in 5 month installments beginning 12/15/08. Additionally, $1k per month personal endorsement for 12 mos. Johnson Outdoors Inc. – 2007-2009 Terms Agreement. Minn Kota to pay 06/08/07 2 calendar Recv Minkota Ranger for catalog placement, incremental sales and years technical support Kim Stricker Productions Inc. Advertising Agreement 2009. Tournament Fee 10/07/08 2009 Season $9,000 Kooser, David 2009 Colorado Walleye Association Tournament Trail $0 Kudzu Licensing rights to produce and sell Ranger branded $0 clothing & merchandise Masters Walleye Circuit 2008-09 Tournament Season Terms Agreement $0 McCabe Productions Inc. 2008 & 2009 Advertising Agreement Addictive Fishing 01/01/08 12/31/09 $0 Team Contract; Sponsorship Agreement. Memphis Bass Club 2009 terms agreement. 2008 Dec 2009 $14,300 Mercury Marine 2009 Pricing/Joint Advertising Planning b/t Mercury & $0 Ranger 2009/2010PY Meseberg, Mike 2009 Rod Meseberg Spring Walleye Classic $0 Meyers, Todd Settlement agreement; requires one time pmt of $5,375 05/20/09 N/A $9,750 prior to 6/19/09 plus certain warranty work be performed Miller, Wayne Fish'N Fever Tournament Trail Agreement 2008 $0 Minnetonka Classic Bass Club 2009 terms agreement. 2008 Dec 2009 $1,300 (Larry Kroh) Missouri TBF (Don Heiser) 2009 terms agreement. 2008 Dec 2009 $13,800 MWC-North American Sponsorship and ad fees for 2008-2009 Tournament 01/01/08 12/31/09 $12k for 4 print Fisherman Seasons Terms Agreement. ads, $9k tournament sponsorship NAVICO Inc. Standard fit agreement 2009+ 07/01/09 06/30/11 Navico Inc - Lowrance Brand Marketing Terms for Standard Equipment; Addendum 05/17/07 Calendar 2008 Navico pays Equipment to Marketing Terms for Standard Equipment. and 09 $25k per year. $!2.5 in Dec and $12.5 4/1 Nebraska Walleye Trail 2009 terms agreement. Dec 2009 $5,400 Norman, Jami Ohio Mega Bass Tournament Trail - Ranger Cup 2008 $0 Tournament North American Fisherman 2009 terms agreement. 2008 Dec 2009 $45,800 Northern Bass Supply 2009 terms agreement. 2008 Dec 2009 $14,500 Operation Bass Inc. Security demand for Promissory note and Security 02/09/09 $0 agreement files. $3 million loan to ranger from Operation Bass Ozark Mountain Team Trail 2009 terms agreement. 2008 Dec 2009 $14,600 Pitney Bowes Credit Corp. Postage meter lease #1124677/003. Pitney Bowes Inc. Postage account #97949200204. Model #: DM 900, 03/09/09 $3,388 Serial number 0048221. Pro Musky Tournament 2009 terms agreement. Dec 2009 $15,400 Reeves Tourn Trail 2009 terms agreement. Dec 2009 $25,400 Renegad Bass/Paul Shibata 2009 terms agreement. 2008 Dec 2009 $7,000
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WOOD MANUFACTURING COMPANY, INC.
Periodic Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Rettig, Jim 2009 Montana Walleye Circuit - Ranger Cup Program $0 for 5 events RLH Sanitation Inc. Terms & Conditions Agreement Solid Waste Collection; 01/29/1996 1/2010 Variable Schedule A to 1/29/96 Terms & Conditions Agreement Solid Waste Collection Salchak, Mary Agreement to have Ranger Cup at various tournaments $0 Silverado Bass Tour 2009 terms agreement. 2008 Dec 2009 $16,900 Southwest Boats Inc. Dealer Agreement(s); Agreement to sell 2 - 170VS $0 boats and trailers for $7k each Steve's Termite & Pest Control Annual Termite Contract 03/24/09 03/2010 $588 Sturgeon Bay Open Bass 2009 Tournament Agreement $0 Tournament TBF National 2009 terms agreement. 2008 Dec 2009 $208,000 Textron Financial Corporation Receivables Financing Agreement dated 12/17/08 12/17/08 $0 (Ranger has no info on this). Financing company. Includes full list of Textron collateral. Outstanding recv $8.7m. $ advanced by Textron $6.1m. The Ambassador Company Way to Go Book Club-Local Elementary Schools 12/23/08 2 years $716 Reading Program Sponsorship. Renewal #101305. Contract agreed to pay $716.00 annually for two years. We paid a partial payment in March 09 of $350.00 leaving $366 due for July 2009/CD. Contract was for July 2009 and July 2010 The Powell Group 2009 Hank Parker Productions Contract; Payment 01/01/09 12/31/09 $10,000 Schedule Rider to 2009 Hank Parker Productions Contract; Advertising Schedule Rider to 2009 Hank Parker Productions Contract; Personal Endorsement Rider to 2009 Hank Parker Production Contract. Thomas, Joe Promotional Agreement 2/1/08 - 1/31/2010. Fees plus 02/01/08 12/31/10 $40k in each discounted boat. year with $17.6k lump sum in 2nd year. $500 per promo appearance Tom's Marine 2009 terms agreement. 2008 Dec 2009 $3,800 Trader Bill's Tournament Circuit 2009 terms agreement. Dec 2009 $13,800 Trane Arkansas Service Agreement 09/25/08 09/2010 $15,800 UniFirst Corporation UniFirst Corporation's Service Plan Term; Customer Service Agreement - this contract has been terminated post-petition; see Keith Carpenter 03/26/07 2/2012 Variable Vic's Sports Center 2009 terms agreement. 2008 Dec 2009 $3,800 Virginia TBF Federation 2009 terms agreement. 2008 Dec 2009 $13,800 Walleye Central 2009 terms agreement. Wing Media Group Advertising Agreement. Scott Martin Challenge (TV) 03/02/09 2009 Season 30k total. $15 m3/1 and $15 4/1. and fully loaded boat Wired2Fish Advertising Contract/Insertion Order for Wired2fish.com $0 Workman, Randy Hopkins County Bass Club - 1 $1500 purchase $0 certificate Wyoming Walleye Circuit 2009 terms agreement. 2008 Dec 2009 $4,500 Yamaha Motor Corp USA Yamaha License Agreement; Schedule $0
Miscellaneous
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• 2008 proposed incentive arrangemnet for Veer Beri of Genmar Services (employee provides services to Acquired Business).
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ASSET PURCHASE AGREEMENT SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS
GENMAR HOLDINGS, INC.
None.
GENMAR INDUSTRIES, INC.
Wayzata, Minnesota 1449 Shoreline Drive, Wayzata, MN (“The Marina”)
That part of Government Lot 1 of Section 11, Township 117 North, Range 23 West of the 5th Principal Meridian described as follows: Beginning at the meander comer at the Northeast comer of said Government Lot 1; thence South 10 degrees East 836.5 feet; thence North 67 degrees 48 minutes East 51 feet to the shore of Lake Minnetonka; thence Southeasterly along the shore of Lake Minnetonka a distance of 50 feet to the point of beginning of the land to be described; thence Southerly along the shore of Lake Minnetonka to the Southeast comer of said Government Lot 1; thence Southwesterly along the Southerly line of said Government Lot 1 to the shore of Mud Lake, now known as Tanager Lake; thence Northerly along the shore of said Tanager Lake to a point which bears South 67 degrees 48 minutes West from the point of beginning, thence North 67 degrees 48 minutes East from the point of beginning; thence North 67 degrees 48 minutes East to the point of beginning, except County Road No. 15, according to the United States Government Survey thereof and situate in Hennepin County;
That part of Government Lot 2, of Section 11, Township 117 North, Range 23 West of the 5th Principal Meridian lying North of the outlet of Mud Lake, now known as Tanager Lake, except County Road No. 15, according to the United States Government Survey thereof and situate in Hennepin County, Minnesota.
The following Excluded Assets:
In Service Assets Description Date Cost Net Book Value Land 000060 LAND - MBW 01/01/85 $ 272,645 $ 272,645
Buildings - MBW 000075 BUILDING IMPROVEMENT 04/01/98 $ 107,940 $ 67,462 000082 ORONO BLDG CONSTRUCTION 04/01/98 $ 88,676 $ 55,421 000076 LAND IMPROVEMENT 04/01/98 $ 39,200 $ 24,500 000080 ORONO BLDG CONSTRUCTION 04/01/98 $ 19,660 $ 12,287 000079 BREAKWATER REPAIR & MAINT 04/01/98 $ 18,375 $ 11,484 - 1/2 PYMT 000085 BREAKWATER REPAIR & MAINT 04/01/98 $ 18,375 $ 11,484 - 2ND HALF Other $ 17,350
GENMAR IP, L.L.C.
None.
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GENMAR MICHIGAN, L.L.C.
None.
GENMAR MINNESOTA, INC.
Little Falls, Minnesota 700 Paul Larson Memorial Drive, Little Falls, MN 56345
Parcels 1, 2 and 3:
That part of Government Lots 2 and 3, Section 17, and the Southeast Quarter of the Northeast Quarter, the Northeast Quarter of the Southeast Quarter, and the Southeast Quarter of the Southeast Quarter of Section 18, all in Township 129, Range 29, described as follows:
Commencing at the intersection of the easterly projection of the south line of Fifth Avenue, according to Thayer’s Addition to Little Falls in said Morrison County, with the easterly right-of-way line of the Burlington Northern Railroad; thence easterly along said easterly projection of the south line of Fifth Avenue 100 feet to the easterly line of Paul Larson Drive as described in Document Number 315869; thence continuing easterly along said easterly projection of the south line of Fifth Avenue to a point on the centerline of vacated County Road No. 213, said point being the northeast corner of a tract of land described in Certificate of Title No. 894, on file in the office of the Registrar of Titles in said Morrison County, the point of beginning; thence southerly along said centerline of vacated County Road No. 213 along the easterly line of said tract of land described in Certificate of Title No. 894 to the southeast corner thereof; thence westerly along the south line of said tract of land described in Certificate of Title No. 894 to the intersection with the westerly line of said vacated County Road No. 213; thence southerly along said westerly line of vacated County Road 213 to the northeast corner of a tract of land described in Document No. 323599; thence westerly 551 feet, more or less, along said north line of a tract of land described in Document No. 323599 to its intersection with said easterly line of Paul Larson Drive; thence North 0 degrees 01 minutes 58 seconds West, assumed bearing, 2191 feet, more or less, along said easterly line of Paul Larson Drive to its intersection with the southerly line of said Paul Larson Drive, being also the northerly line of a tract of land described in Document Number 323661; thence easterly, parallel with the centerline of Ninth Avenue 430.00 feet along said southerly line of Paul Larson Drive and its projection easterly, being also the northerly line of said tract; thence northwesterly along the northerly line of said tract 300 feet, more or less, along a tangential curve concave to the northwest, having a radius of 313.74 feet, to the southwesterly right-of-way line of the Little Falls to Camp Ripley Branch of the Northern Pacific Railway; thence southeasterly 1000 feet, more or less, along said southwesterly right-of-way line to the shoreline of the Mississippi River; thence southwesterly along said shoreline to its intersection with said projection easterly of the southerly right-of-way of Fifth Avenue; thence westerly along said projection easterly of the southerly right-of-way of Fifth Avenue to the point of beginning. Less and except a tract conveyed to Minnesota Power and Light by deed recorded in Book 83 of Deeds, page 489.
Abstract property
Parcel 4:
That portion of the East Half of Northeast Quarter of Section 18, Township 129, Range 29, described as follows: Beginning at the intersection of the East line of said Section 18 with the Easterly extension of the North right-of-way line of 9th Avenue NW, thence Westerly along said North right-of-way line extension to a point distant 50.0 feet Easterly of, as measured at right angles to, the Main Tract centerline of Burlington Northern Railroad Company’s (formerly Northern Pacific Railway Company’s) Anoka to Dilworth, Minnesota Branch line right-of-way, as now located and constructed; thence Northerly parallel with said Main Tract centerline a distance
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of 200.0 feet to the point of intersection with a line drawn concentric with and distant 25.0 feet Southeasterly of, as measured radially to, said Railroad Company’s connecting track, forming the Easterly leg of a Wye tract, as now located and constructed; thence Northerly parallel with said connecting tract to the South right-of-way line of 10th Avenue NW extended; thence Easterly along said South right-of-way line to the point of intersection with said East line of Section 18; thence Southerly along said East line to the point of beginning. AND ALSO Less and Except That part of Government Lot 3, Section 17 Township 129 Range 29, described as follows: Commencing at the intersection of the South line of Fifth Avenue Northwest in the plat of Thayers Addition extended East and the centerline of County Aid Road No. 213, said point being 1494.61 feet East of the intersection of the South line of Fifth Avenue Northwest and the centerline of Second Street Northwest, the place of beginning; thence West 275.19 feet along the southerly line of said Fifth Avenue to a point marked by an iron pipe; thence South 00 degrees 29 minutes East 225 feet to a point marked by an iron pipe; thence East 253.47 feet to the centerline of C.A.R. No. 213; thence North 05 degrees 02 minutes East 225.86 feet along the centerline of C.A.R. No. 213 to the place of beginning.
Abstract property
Parcel 5:
That part of Government Lot 3, Section 17, Township 129, Range 29 described as follows: Commencing at the intersection of the South line of Fifth Avenue Northwest in the plat of Thayer’s Addition extended East and the centerline of County Aid Road No. 213, said point being 1494.61 feet East of the intersection of said south line of Fifth Avenue Northwest and the centerline of second street Northwest, the place of beginning; thence west 275.19 feet along the southerly line of said Fifth Avenue to a point marked by an iron pipe, thence South 00 degrees 29 minutes East 225 feet to a point marked by an iron pipe; thence East 253.47 feet to the centerline of C.A.R. No. 213; thence North 05 degrees 02 minutes East 225.86 feet along the centerline of C.A.R. No. 213 to the place of beginning. Except mineral, flowage, and boomage rights reserves of record, and except reservation of easement along the easterly 50 feet of said premises for highway purposes.
Torrens property Certificate of Title No. 1266
Parcel 6:
That part of Government Lot 3, Section 17, Township 129, Range 29, Morrison County, Minnesota, described as follows:
Commencing at the intersection of the easterly projection of the south line of Fifth Avenue, according to Thayer’s Addition to Little Falls in said Morrison County, with the easterly right-of-way line of Burlington Northern Railroad; thence easterly along said easterly projection of the south line of Fifth Avenue 100.00 feet to the easterly line of Paul Larson Drive as described in Doc. 315869; thence continuing easterly along said easterly projection of the south line of Fifth Avenue to a point on the centerline of vacated County Road No. 213, said point beginning the northeast corner of a tract of land described in Certificate of Title No. 894, on file in the office of the Registrar of Titles in said Morrison County, the point of beginning; thence southerly along said centerline of vacated County Road No. 213 along the easterly line of said tract of land described in Certificate of Title No. 894 to the southeast corner thereof; thence westerly along the south line of said tract of land described in Certificate of Title No. 894 to its intersection with the westerly line of said vacated County Road No. 213; thence southerly along said westerly line of vacated County Road No. 213 to the northeast corner of a tract of land described in Doc. No. 323599; thence easterly 85 feet, more or less, along the easterly extension of the northerly line of said tract of land described in Doc. No. 323599 to its intersection with the west shoreline of the Mississippi River; thence northerly along said shoreline of the Mississippi River to its intersection with said projection
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easterly of the south line of Fifth Avenue; thence westerly along said easterly projection of the south line of Fifth Avenue to the point of beginning, Except a tract conveyed to Minnesota Power and Light – Book 83 of Deeds, page 489.
Abstract Property.
Culver, Oregon 7TH and C Streets, Culver, OR 97734
North of C Street (Part of Main Parcel)
LOTS 7 THROUGH 12, BLOCK 11; LOTS 1 THROUGH 6, BLOCK 11; LOTS 1 THROUGH 3, BLOCK 22; LOTS 9 THROUGH 12, BLOCK 22, PLAT OF CULVER, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
TOGETHER WITH ALL THAT PORTION OF VACATED “B” STREET AND ALLEYS WHICH INURED THERETO UPON THE VACATION THEREOF.
Map # 12-13-18DB-600; #12-13-18DB-601; #12-13-18DB-700; #12-13-18DB-1000
South of C Street (Part of Main Parcel)
LOTS 1, 2, 11, AND 12, BLOCK 27, PLAT OF CULVER, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
TOGETHER WITH ALL THAT PORTION OF VACATED ALLEYS AND EIGHTH AVENUE AND “D” STREET WHICH INURED THERETO UPON THE VACATION THEREOF.
Map #12-13-18DB-1700; #12-13-18DB-2000
LOTS 3 THROUGH 10, BLOCK 27, PLAT OF CULVER, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
TOGETHER WITH ALL THAT PORTION OF VACATED SEVENTH AVENUE, EIGHTH AVENUE, “D” STREET AND ALLEYS WHICH INURED THERETO UPON VACATION THEREOF.
Map #12-13-18DB-1800; #12-13-18DB-1900
ALL OF BLOCK 38, PLAT OF CULVER, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
TOGETHER WITH ALL THAT PORTION OF VACATED “D” STREET, “E” STREET, EIGHTH AVENUE, SEVENTH AVENUE AND ALLEYS WHICH INURED THERETO UPON THE VACATION THEREOF.
Map #12-13-18DC-100
PARCEL3 OF PARTITION PLAT 1990-08, WHICH RECORDED DECEMBER 12, 1990, AS INSTRUMENT NO. 902859, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
Map #12-13-18DB-2101; #12-13-18DC-1301
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BLOCKS 39, 41, 42, 43, 55, 56, 57 & 58, PLAT OF CULVER, JEFFERSON COUNTY, OREGON, TOGETHER WITH THOSE PORTIONS OF VACATED “D” STREET, “E” STREET, “F” STREET, “G” STREET, EIGHTH AVENUE, NINTH AVENUE AND THE ALLEY WHICH INURED THERETO UPON THE VACATION THEREOF.
EXCEPT LOTS 1 & 12, BLOCK 41, PLAT OF CULVER, JEFFERSON COUNTY, OREGON, AND EXCEPT LOT 12, BLOCK 42, PLAT OF CULVER, JEFFERSON COUNTY, OREGON AND THE ALLEY WHICH INURED THERETO UPON THE VACATION THEREOF, AND EXCEPT LOTS 7 – 12, BLOCK 39, PLAT OF CULVER, JEFFERSON COUNTY, OREGON.
Map #12-13-18DC-201
LOTS 1, 2, 3, 4, 5 & 6, BLOCK 26, PLAT OF CULVER, JEFFERSON COUNTY, OREGON; AND THAT PORTION OF VACATED EIGHTH AVENUE, AND “D” STREET WHICH INURED THERETO UPON THE VACATION THEREOF.
Map #12-13-18DB-1601
ALL OF BLOCKS 23, 24 AND 9; LOTS 1 AND 2 IN BLOCK 8, ALL IN PLAT OF CULVER, IN THE COUNTY OF JEFFERSON AND STATE OF OREGON.
Saving and excepting therefrom those portions lying within the exterior boundary lines of alleys.
Map # 12-13-18DB-300; #12-13-18DB400; #12-13-18DB-1100; #12-13-18DB-1200
The following Excluded Assets:
In Service Assets Description Date Cost Net Book Value Land 000001 Land 01/01/75 $ 260,233 $ 260,233 000479 Land 01/01/00 $ 15,014 $ 15,014 000212 Land 01/01/95 $ 2,000 $ 2,000
Land Improvement 000528 Clear, Fill & Surface Land 08/01/00 $ 84,666 $ 34,337 North of Trk Shop - Mold Strg Other $ 29,483
Buildings 000542 VEC Bldg Plt #7 04/01/01 $ 6,616,008 $ 5,251,456 000067 Bldg 3 & 4 Plant Expansion- 11/20/87 $ 1,706,603 $ 699,740 AFE#148 000071 Bldg 6 Custom Plant 11/20/87 $ 1,678,862 $ 688,316 Expansion 001141 Plant 6 Mold Maintenance 03/01/08 $ 655,074 $ 633,238 Addition 001175 Engineering Addition Plant #1 07/01/08 $ 608,372 $ 608,372 000734 Cover-All Bldg-Whse Dome 04/01/03 $ 763,328 $ 445,275 #2 000409 Plt 4 Building Addn-Test Tank 06/01/99 $ 568,829 $ 425,437 & Mold Area - AFE #620 000585 In-Floor Conveyor/Paint Shop 04/01/01 $ 1,708,100 $ 298,918 AFE#777 - Plt 7
- 66 - SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS DC\1260614.7
In Service Assets Description Date Cost Net Book Value 000586 Upholstery Mezzanine 04/01/01 $ 344,818 $ 273,699 AFE#777 - Plt 7 000069 Bldg 5 Expansion - Loading & 11/20/87 $ 591,088 $ 242,340 Transportation 000588 Upholstery Conveyor System 04/01/01 $ 847,700 $ 148,348 AFE# 794 - Plt 7 000027 New Main Office Building 01/01/86 $ 394,322 $ 95,764 000130 New Office Addition - Main 01/01/89 $ 207,420 $ 91,981 Office 000465 Cover-All Bldg-Dome Whse 12/01/99 $ 237,219 $ 85,663 #1 001084 Remodel Plant 4/6 09/01/07 $ 73,654 $ 60,150 000618 Mix Plant/Resin Room VEC 7 11/01/01 $ 212,948 $ 49,688 000889 Plt 7 UPH Mezz - Enlose & 08/01/04 $ 65,884 $ 33,491 A/C 000791 Warehouse / Customer 01/01/04 $ 70,921 $ 31,914 Service Move 000732 Office & Lunchroom Area- 04/01/03 $ 43,373 $ 25,301 Dome #2 000916 Replace Sprinkler Sys - War 12/01/04 $ 44,336 $ 24,015 Shp 000767 Replace Rubber Roof - Plt 2 08/01/03 $ 58,678 $ 23,960 000908 Modifications to Plant 6 - 02/01/05 $ 38,250 $ 21,356 large bt 000750 Modify Old Whse-VEC 06/01/03 $ 42,415 $ 16,613 Mold/Foam - Plt 7 000021 Old Munsingwear Bldg - Plt 2 02/11/85 $ 75,000 $ 14,845 000700 Convert Dry Sprinkler to Wet - 11/01/02 $ 43,980 $ 14,660 Plt 1 000915 Flammable Storage Area 11/01/04 $ 26,008 $ 13,871 000855 Plant 2 Renovation 12/01/85 $ 87,987 $ 13,802 000751 Water & Air Lines & Drinking - 06/01/03 $ 31,871 $ 12,483 Plt 7 000610 Weather-Rite Make-Up Air 09/01/01 $ 47,537 $ 10,300 Units (3) - Plt 7 001035 2 REZNOR FURNACE 11/01/06 $ 13,464 $ 9,874 UNITS -PL #1 Other $ 134,191 Machinery & Equipment 001085 Remodel Plant 4/6 for 370 09/01/07 $ 640,316 $ 522,925 Project [000754] Belotti CNC Machining Center 06/01/03 $ 918,473 $ 359,735 TBD PL7 [000979] Foam Log Molding Station 12/01/05 $ 525,104 $ 336,942 TBD Plant 7 000560 Misc VEC System Equipment 11/01/00 $ 1,215,000 $ 162,000 - Plt 7 AFE #784 000678 All Hook-Ups for Cells 3&4 - 06/01/02 $ 469,865 $ 137,044 VEC Plt 7 001021 EQUIP/BLDG 07/01/06 $ 175,445 $ 122,811 MODIFICATIONS 4 350 [000554] Belotti Robotic Trimmer #1 - 11/01/00 $ 808,000 $ 107,733 TBD AFE#734 [001034] Foam Log Hoist System 11/01/06 $ 138,818 $ 101,800 TBD 000553 Various VEC Equip & Fixtures 11/01/00 $ 678,900 $ 90,520 - Plt 7 AFE#727
- 67 - SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS DC\1260614.7
In Service Assets Description Date Cost Net Book Value 001045 Plt 7 Realignment 01/01/07 $ 110,833 $ 83,125 (Equipment) 000555 Swisslog Part Storage 11/01/00 $ 494,000 $ 65,867 System - Plt 7 AFE #737 000744 Gantry (Crane) System For 05/01/03 $ 170,982 $ 65,543 Liners Pl7 [001061] TBD BILOTTI CUTTER 02/01/07 $ 301,329 $ 58,592 [000966] TBD Paint Oven – Weather Rite 11/01/05 $ 83,365 $ 52,798 001182 Mold Spinner for 2901 09/01/08 $ 47,714 $ 43,738 [001179] TBD Accurouter from Sarasota – 06/30/03 $ 198,559 $ 42,968 WC Transf [000577] TBD Gerber Cutter #2 W/Table - 02/01/01 $ 221,212 $ 35,025 Plt 2 AFE#805 000871 Modifications To Plant 1 10/01/04 $ 63,521 $ 33,349 Assembly 001149 Resin & Glass Monitoring 04/01/08 $ 38,713 $ 29,035 System-Plant 6 000717 Racking For Whse Dome #2 01/01/03 $ 79,943 $ 27,980 001122 6 ton Deck Pull System-Plant 12/01/07 $ 30,649 $ 25,796 6 000770 Floor Mounted Crane System 08/01/03 $ 57,457 $ 23,462 - Vec Mold [001020] [TBD] FOAM TRANSOM BOARDS 07/01/06 $ 32,708 $ 22,896 EQUIP 000646 Remodel Swisslog Storage 03/01/02 $ 83,078 $ 22,154 Unit - Plt 7 000563 Carts & Fixtures-Hold/Cure - 11/01/00 $ 150,212 $ 20,028 PLT 7 AFE#788 000562 Equipment To Paint Stripes - 11/01/00 $ 148,400 $ 19,787 Plt 7 AFE#787 001180 Spinner Mold Positioning 04/01/07 $ 22,494 $ 17,433 System Attached to 3301 Tooling - WC Transf 000679 Monorail & Electric Hoist - Plt 06/01/02 $ 58,208 $ 16,977 7 001123 Crane & Hoist System - Plant 12/01/07 $ 19,350 $ 16,287 #4 000963 Dust Collection System Plant 03/01/06 $ 23,948 $ 15,965 6 000674 Gelcoat Pumps & LIfts - VEC 06/01/02 $ 47,075 $ 13,730 Plt 7 000911 Vacuum Lifting Sys (2) 03/01/05 $ 22,658 $ 12,840 000736 Electric Service VEC Foam 04/01/03 $ 31,353 $ 11,757 Mach Pl7 000559 Carts & Baskets For Uph 11/01/00 $ 87,550 $ 11,673 Conveyor System - Plt 7 000888 5,000 gal Resin Tank 06/01/05 $ 19,320 $ 11,431 001043 Repair Gerber Upholstery 12/01/06 $ 14,122 $ 10,474 Cutters-Plt #2 000622 HI Volume Pour Foam 12/01/01 $ 42,616 $ 10,299 Machine - VEC Other $ 617,458 Machinery & Equipment - Tax Refund 000847 Sales Tax Refund - Assets 06/30/04 $ (93,557) $ (22,588) Acq 2000 - 2003 001071 Sales Tax Refund on Capital 01/01/07 $ (42,876) $ (32,157)
- 68 - SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS DC\1260614.7
In Service Assets Description Date Cost Net Book Value Equipment Jan 07 001194 Sales Tax Refund August 08/23/08 $ (16,829) $ (15,427) 2008
Funiture & Fixtures 001181 AS400 License (New Updated 08/01/08 $ 42,143 $ 29,266 M15 AS400 001142 Remodel Office for Glastron 03/01/08 $ 16,257 $ 13,161 Space Other $ 34,305
Transportation Equipment 000551 Caterpillar Forklift AFE#773 10/01/00 $ 90,896 $ 11,362 Loading Other $ 2,949
GENMAR TENNESSEE, INC.
In Service Assets Description Date Cost Net Book Value Tooling - Hydra Sports 000056 4100 Vector Sportfish Tooling 06/01/08 $ 1,111,396 $ 710,058
000001 3500 VX Tooling 10/01/07 $ 1,016,247 $ 423,436 000528 HYDRA-SPORTS 2000WA 12/15/08 $ 316,035 $ 254,583 000529 HYDRA SPORT 2000CC 12/15/08 $ 235,295 $ 189,543 000389 HS TOOLING, 2200 DUAL 05/01/07 $ 339,799 $ 94,389 CONSOLE 000053 23 Bay Bolt Std & Tunnel 04/01/08 $ 203,309 $ 84,712 Hulls
000055 19 Bay Bolt Tooling 04/01/08 $ 131,971 $ 76,983
000002 Tooling 2300 Bay Bolt 02/01/07 $ 204,308 $ 39,727 000525 HYDRA-SPORTS 2500 GM 10/15/08 $ 42,358 $ 31,768 REPLACEMENT - Located in Greenville, PA 000527 HYDRA-SPORTS 1900 BAY 10/15/08 $ 27,253 $ 20,440 BOLT GLASS MASTER - Located in Greenville, PA 000526 HYDRA-SPORTS 1900 BAY 10/15/08 $ 26,635 $ 19,976 BOLT OPEN FACE MOLD 000054 2500 CC/VX Replacement 06/01/08 $ 43,965 $ 18,319 Hull
000387 220 VX HS TOOLING 08/01/06 $ 376,797 $ 10,467 Other $ 5,118 Plant Equipment [000841] TBD LAMINATION BOOTH 12/15/08 $ 285,465 $ 268,812 LARGE BOAT ASSEMBLY [000840] TBD GELCOAT BOOTH LARGE 12/15/08 $ 133,390 $ 125,609 BOAT ASSEMBLY [000845] TBD TEST POOL LARGE BOAT 12/15/08 $ 102,505 $ 96,526 ASSEMBLY [000837] TBD GELCOAT BOOTH FOR 23’ 12/15/08 $ 49,859 $ 46,951 - 69 - SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS DC\1260614.7
In Service Assets Description Date Cost Net Book Value HYDRA-SPORTS LINE [000844] TBD PINNING STATION LARGE 12/15/08 $ 44,094 $ 41,522 BOAT ASSEMBLY [000843] TBD GRINDING BOOTH LARGE 12/15/08 $ 41,641 $ 39,212 BOAT ASSEMBLY [000842] TBD PULLING STATION LARGE 12/15/08 $ 21,840 $ 20,566 BOAT ASSEMBLY [000796] TBD TEST TANK - HYDRA 03/15/08 $ 14,733 $ 12,768 SPORT LINE 23 FT Plant Equipment - HS [000069] TBD Four 4-ton hoists and 09/07/04 $ 51,977 $ 26,855 motorized bridge rail system
[000057] TBD 33 Vector CC Hull Mold 10/01/05 $ 20,075 $ 12,547 Spinner
WOOD MANUFACTURING COMPANY, INC.
None.
GENMAR TRANSPORTATION, INC.
Little Falls, Minnesota 1109 Fourth Street, NW, Little Falls, MN 56345
All that part of Lot 5, Block 2, and all of Lot 5, Block 3, and that part of vacated Sixth Street Northwest lying between said blocks, Yoerg’s Subdivision to the City of Little Falls.
- 70 - SCHEDULE 1.2(e) –– MISCELLANEOUS EXCLUDED ASSETS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(f) –– CLAIMS FOR REFUNDS
None.
- 71 - SCHEDULE 1.2(f) –– CLAIMS FOR REFUNDS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(h) –– AVOIDANCE ACTION PERSONS
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 72 - SCHEDULE 1.2(h) –– AVOIDANCE ACTION PERSONS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(i) –– EXCLUDED CAUSES OF ACTION
GENMAR HOLDINGS, INC.
Genmar Holdings, Inc. and Genmar Yacht Group L.L.C. v. Dedicated Systems, Inc. Theft losses sustained as result of fraudulent over-billing by trucking company that regularly hauled LTL loads from our vendors to our factories. Notice has been given to our crime/fidelity insurer, and legal action is being pursued against Dedicated Systems, Inc and its principal.
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
GENMAR TRANSPORTATION, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 73 - SCHEDULE 1.2(i) –– EXCLUDED CAUSES OF ACTION DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(p) –– EXCLUDED LEASES
GENMAR HOLDINGS, INC.
Landlord: Inland American Office Management LLC Type of Lease: Office Lease MB Minneapolis 8th Street, L.L.C. Attn: James C. Durda, VP, GM 650 IDS Center 80 South Eighth Street Minneapolis, MN 55402 (the “IDS Lease”)
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR INDUSTRIES, INC.
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR IP, L.L.C.
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR MICHIGAN, L.L.C.
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR MINNESOTA, INC.
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR TENNESSEE, INC.
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
WOOD MANUFACTURING COMPANY, INC.
Landlord: Marion County Regional Airport Type of Lease: Airplane Hangar Lease Board of Directors P.O. Box 1153 Flippin, AR 72634
(the “Airplane Hangar Lease”)
All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
GENMAR TRANSPORTATION, INC. All personal property leases set forth on Schedule 1.2(c) are incorporated herein by reference.
- 74 - SCHEDULE 1.2(p) –– EXCLUDED LEASES DC\1260614.7
- 75 - SCHEDULE 1.2(p) –– EXCLUDED LEASES DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.2(q) –– EXCLUDED INVENTORY
GENMAR HOLDINGS, INC.
All Inventory not related to the Acquired Business.
GENMAR INDUSTRIES, INC.
None.
GENMAR IP, L.L.C.
None.
GENMAR MICHIGAN, L.L.C.
All Inventory not related to the Acquired Business.
GENMAR MINNESOTA, INC.
All Inventory not related to the Acquired Business.
GENMAR TENNESSEE, INC.
All Inventory not related to the Acquired Business.
WOOD MANUFACTURING COMPANY, INC.
None.
GENMAR TRANSPORTATION, INC.
None.
- 76 - SCHEDULE 1.2(q) –– EXCLUDED INVENTORY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.3(d) –– MISCELLANEOUS ASSUMED LIABILITIES
None.
- 77 - SCHEDULE 1.3(d) –– MISCELLANEOUS ASSUMED LIABILITIES DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 1.5(a) –– REJECTED AND ASSUMED CONTRACTS
See attached spreadsheet of Cure Costs.
REJECTED CONTRACTS:
GENMAR HOLDINGS, INC.
Independent Contractor Agreement dated January 2009 between Genmar Holdings, Inc. and China Manufacturing Sourcing Agency, LLC.
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
Building Leases dated February 1, 2008, and May 22, 2005, respectively, between Genmar Michigan, LLC and in each case, BB Leasing Company.
Lease, dated _____, between Genmar Michigan, LLC and BK Long Enterprises.
Master Lease Agreement dated October 1, 2007, between Genmar Michigan, LLC and Crown Credit Company for the lease of certain equipment, including equipment listed on Lease Schedule No. 42824.
GENMAR MINNESOTA, INC.
Lease Agreement, dated March 8, 2005, between Genmar Minnesota, Inc. and De Lage Landen Financial Services.
Lease Agreement, dated November 17, 2004, between Genmar Minnesota, Inc. and Greater Bay Capital for the lease of certain equipment, including a forklift.
Lease Agreement, dated July 1, 2005, between Genmar Minnesota, Inc. and Greater Bay Capital for the lease of certain equipment, including a forklift.
GENMAR TENNESSEE, INC.
Lease Agreement dated April 23, 2008, between Genmar Tennessee, Inc. f/k/a Stratos Boats, Inc. and JW Realty G.P.
WOOD MANUFACTURING COMPANY, INC.
Agreements dated February 2007 between Wood Manufacturing Company, Inc. d/b/a Ranger Boats and UniFirst Corporation.
- 78 - SCHEDULE 1.5(a) –– REJECTED AND ASSUMED CONTRACTS DC\1260614.7
Commercial Property Lease, dated as of November 1, 2008, by and between Randy Hopper and Wood Manufacturing Company, Inc., for a warehouse located at 1309 West Main, Cotter, Arkansas.
GENMAR TRANSPORTATION, INC. Pursuant to that certain Master Lease Agreement dated August 25, 2003 between Genmar Transportation Inc. and VFS Leasing Co., the following lease agreements:
a. Lease agreement identified as Schedule 10, covering 13 vehicles and dated February 15, 2006; b. Lease agreement identified as Schedule 11, covering 17 vehicles and dated March 8, 2006; and c. Lease agreement identified as Schedule 13, covering 20 vehicles and dated March 27, 2006.
ASSUMED CONTRACTS:
GENMAR HOLDINGS, INC.
Vendor Agreement dated June 1, 2004, as amended on August 18, 2006, and November 5, 2007, among GE Commercial Distribution Finance Corporation, formerly known as Deutsche Financial Services Corporation (“CDF-US”) and various affiliates of CDF-US, and Genmar Holdings, Inc. on behalf of its current and future groups, divisions, subsidiaries and affiliates, including, without limitation, Carver Boat Corporation, L.L.C., Carver Italia, L.L.C., Champion Boats, a division of Stratos Boats, Inc., Four Winns Boats, L.L.C., Genmar Industries, Inc., Larson/Glastron Boats, Inc., Seaswirl Boats, Inc., Stratos Boats, Inc., Triumph Boats, Inc., Wellcraft Marine Corp., Wood Manufacturing Company, Inc.
Master Factoring Agreement dated September 8, 2006, as amended in October 2009, among Genmar Holdings, Inc., Carver Yacht Group, LLC, Genmar Michigan, LLC, Genmar Minnesota, LLC, Genmar Tennessee, Inc., Triumph Boats, Inc. and Wood Manufacturing Company, Inc. and GE Commercial Distribution Finance Europe Limited.
Master Lease No. CML-0943-A, dated April 13, 2000, as amended February 1, 2007, between Genmar Holdings, Inc. and Celtic Leasing Corp.
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC. - 79 - SCHEDULE 1.5(a) –– REJECTED AND ASSUMED CONTRACTS DC\1260614.7
Agreement evidenced by several purchase orders dated various dates in April 2009 between Wood Manufacturing Co., Inc. and River Bend Industries, Inc.
GENMAR TRANSPORTATION, INC.
None.
- 80 - SCHEDULE 1.5(a) –– REJECTED AND ASSUMED CONTRACTS DC\1260614.7 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar TN Genmar TN A.L. Marine (Alex Leva) Manufacturer's Representative Agreement c(Hydra-Sports) commission percentage in general is either 1.5% or 2% of Net Invoice Value depending on boat. Reclass of June payment for prepetition balance $9,273. $ - $ 23,945 Genmar TN Absher, RT Settlement agreement . 0 0 Genmar TN ACE Applied Computer Salute Software - Warranty system software. 6 months for $2,400. Excellence Inc New invoice dated 4/18/09 extends period for 12 months at the same price. 0 0 Genmar TN ADT Security Services Inc Fire Alarm Contract TN Alarm Contractor #C-0255 Murfreesboro Plant 323 323 Genmar TN ADT Security Services Inc Alarm Contract TN Fire Alarm Contractor #C-0255 Murfreesboro Offsite warehouse 1128 Commerce Place 0 0 Genmar TN Alan Warren Outdoors Broadcast Agreement with 3 support boats. Engines are negotiated directly with engine mfg. 0 0 Genmar TN Allen, David Prize boat - Stratos 285 XL Boat and trailer standard package. Certificate and invoice 0 0 Genmar TN Allied Waste Services Waste Agreement #016523 Invoice based upon number of services and volume by weight 6,533 9,014 Genmar TN Atmos Energy Marketing, Inc. Maintenance contract 3,148 3,148 Genmar TN Avaya Communications Maintenance contract. Voice and data transmission. Must be 876 876 expired Genmar TN Averitt, Larry Pro Angler HIN#GCB11173A909. (Credit) Payment amount represents A/R balance. Bill of sale, deferred payment. There is 1 $30k recv on boat 0 0 Genmar TN Bennett, Joe Pro Angler Agreement HIN#GCB10391I708 (Champion) 0 0 Genmar TN Bourgeois III, Theophile Pro Angler Agreement HIN#GCB11180K809 (Champion). Alan Warrens Boat 0 0 Genmar TN Bourgeois, Captain Theophile Broadcast Agreement w/Alan Warren Outdoors. See Alan Warren 0 0 Genmar TN Buckner, Brandon Pro Angler Agreement (Champion). Amount still owed on boat 0 0 Genmar TN Charter Development Company Exclusive Sublease Listing Agreement for 1128 Commerce Park Drive Murfreesboro, TN. 30,000 square feet. 0 0 Genmar TN Cintas Rental Service Agreement Contract #8349. Uniform / apparel rental. Shop towels. 1,914 1,914 Genmar TN DeLong, Glenn Pro Angler agreement. Champion. Amount still owed on Pro boat 0 0 Genmar TN Dockside Group Ltd Manufacturer's Representative Agreement (Stratos) commission percentage in general is 2.25% of Net Invoice Value. Reclass of June payment for prepetition balance $485. 0 3,651 Genmar TN Faulkner, Cpt William Pro Angler Agreement HIN#GCB10585A808. Champion. Amount due for boat ($41k) 0 0 Genmar TN Hagemeyer North America Inc Purchase agreement. Supplies. List of specific products (Schedule "A") not included with contract. Amount variable due to volume 15,050 20,816 Genmar TN Hasler Financial Services LLC Lease. 10 lb postage meter with scale. Includes letter auto feed, 150/minute. 265 265 Genmar TN Hawkeye Marketing Corp Manufacturer's Representative Agreement (Champion) commission percentage in general is 2.5% of Net Invoice Value with certain exceptions. Reclass of June payment for prepetition balance 0 585 Genmar TN Howard, Clyde Manufacturer's$4 409 Representative Agreement (Champion) commission percentage in general is 2.5% of Net Invoice Value with certain exceptions. Reclass of June payment for prepetition balance 0 2,291 Genmar TN Infor Global Solutions See Schedules$4 569 No 3 - 5, Maintenance/Software. Syteline ERP software. Mapics Below See Mapics for current year information. 0 0 Genmar TN J & B Transportation Transportation Agreement 73,844 73,844 Genmar TN J W Realty G.P. Warehouse real estate lease Payments to date include deposit required at lease inception. First 12 months monthly at $8,125 second twelve months at $8,750 per month. 8,162 51,897 Genmar TN JLP Sales Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. 0 0 Genmar TN Jon's Guide Service (Jon Pro Angler Agreement HIN#GCB10516L708; HIN#GCB1188A909. Bondy) Champion. Amount due on pro boat 0 0 Genmar TN Jon's Guide Service (Jon Pro Angler Agreement HIN#GCB11188A909/96525. Champion. Bondy) Amount due on pro boat 0 0 Genmar TN KHSKR,LLC. (KEITH TRIPP) Manufacturer's Representative Agreement commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $620. 0 0
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 1 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar TN Kleppert, Pat Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $422. 0 0 Genmar TN Kubota Credit Corp USA Equipment financing agreement. 2 tractors, Model: L2800F-1F. Contract on file not signed. 14,795 17,180 Genmar TN Liddle's Fishing Promotions Inc Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. 0 280 Genmar TN Lindahl Ltd Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. 0 547 Genmar TN Loving, George "Buster" Pro Angler Agreement HIN#GCB10463K708. Champion. Amount due on pro boat 0 0 Genmar TN Magers, Kathy Pro Angler Agreement,. Champion. Amount due on pro boat. There is a $35k receivable on the boat. 0 0 Genmar TN Mapics Inc Syteline ERP system. The Software License Agreement; Schedule No 1, 3 & 6 Agreement #A242904; Addendum 1 The Software License Agreement. See Infor. User count increased, hence larger payment than contract $ amount. 0 27,520 Genmar TN Mayo, Ray Pro Angler HIN#GCB10709C808. Champion. Amount due on pro boat. 0 0 Genmar TN McClelland, Mike Pro Angler. No Hin# provided on contract. Champion. At 6-1-09 transaction had not occurred nor has it been done since filing. 0 0 Genmar TN Mickey Furr & Associates Inc Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $244. 0 1,137 Genmar TN Morris Brothers Inc License Agreement Royalty payments to be made quarterly less specified allowable expenses. Trademark Apparel for the 2004-05 catalog. Contract ongoing. 1,128 2,002 Genmar TN nexAir LLC Product Supply Agreement Nitrogen gas and tank rental. After initial period term defaulted to month to month with payment due Net 30 from date of invoice. 10,048 12,270 GHI Operation Bass Inc Sponsorship agreement 150,189 150,189 Genmar TN Pope, Jeff Pro Angler Agreement HIN#CB10721C808. Champion 0 0 Genmar TN Pope, Jeff Pro Angler HIN#GCB10721C808/96421. Champion. Amount due on pro boat. 0 0 Genmar TN Quinn, Jason Pro Angler Agreement Angler receives boat, plus contingent amounts based upon tournament results. Champion. At 6-1-09 transaction had not occurred nor has it been done since filing. 0 0 Genmar TN R & S Marine Group, LLC Manufacturer's Representative Agreement Champion commission percentage in general is either 1.5% or 2% of Net Invoice Value depending on boat. Reclass of June payment for prepetition balance $10,000. 0 10,000 Genmar TN Ranger West (Keith Tripp) Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. 0 (0) Genmar TN Reese, Skeet Pro Angler Agreement . Champion. Angler receives boat, plus contingent amounts based upon tournament results. Champion. At 6-1-09 transaction had not occurred nor has it been done since filing. 0 0 Genmar TN RJ Young Company Ricoh Copier Contract Order #CN042006A 1,721 2,597 Genmar TN RL Kilby Sales Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. 0 0 Genmar TN Ron Enslen & Associates Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $4,230. 0 0 Genmar TN Schweitzer, John Pro Angler HIN#GCB10364I708. Champion. 0 0 Genmar TN Security Archives Inc Off Site Records Storage and destruction. Acct #SA3033 Monthly invoice based on quantity stored plus service fees. Initial monthly charge $477.55 / month 682 692 Genmar TN Siemens Product Lifecycle Software Maintenance. NX Mach 3 Industrial Design Mgmt 0 0 Genmar TN Siemens Product Lifecycle Software Maintenance Mgmt See above in Florida Section 0 0 Genmar TN South Central Sales & Assoc Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $1,735. 0 624 Genmar TN Top Boats LLC Manufacturer's Representative Agreement Stratos commission percentage in general is 2% of Net Invoice Value. Reclass of June payment for prepetition balance $998. 0 2,452
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 2 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar TN Trinity Marketing & Sales LLC Manufacturer's Representative Agreement Champion commission percentage in general is 2.5% of Net Invoice Value with certain exceptions 0 0 Genmar TN Verizon Wireless Cell Phone contract end date summary. Per TN, contract is on file at corporate 3,782 3,782 Genmar TN Victory Sales Co Payment in Manufacturer's Representative Agreement Stratos commission June of pre-petition balance of percentage in general is 2% of Net Invoice Value. Reclass of June $1,190 payment for prepetition balance $1,190. 0 1,607 Genmar TN Wood, Greg (Oni Rep Group) Manufacturer's Representative Agreement Champion commission percentage in general is 2.5% of Net Invoice Value with certain exceptions. Reclass of June payment for prepetition balance 0 1,237 Genmar TN XO Communications Svcs Inc Service$ Order Agreement - 2 YR contract 1,583 1,583 Genmar TN TOTAL 294,042 428,268 Genmar MI Genmar MI AVNET Maintenance Report Quote 1001971585. Warranty and maintenance agreement. Genmar MI P.O. # P1402639576. Computer Hardware. Unsure if agreement was executed or date of contract? Four Winns has no additional information. Agreement is on file but not singed or dated 0 0 Genmar MI B&B Leasing SMALL PARTS BUILDING/FEDEX BLDG. Four Winns has vacated the bldg. Lease is on file in Michigan 0 66,040 Genmar MI BK Long Enterprises BOON ROAD MARKETING BLDG. Four Winns has vacated the bldg. Lease is on file in Michigan. 0 2,000 Genmar MI C Raymond Hunt Assoc Inc Licensing Agreement - Use of Hunt Name. Last payment is due in Sept 2009. 35,000 35,000 Genmar MI C Raymond Hunt Assoc Inc Design Agreement Not to exceed $40k. hull bottom 33' LOA Express Cruiser. $15k upon signing then monthly billings. Assume contract PIF. 0 0 Genmar MI C Raymond Hunt Assoc Inc Design Agreement 40' Express Cruiser; Prepay Not to exceed $60k. $20k, then monthly billings. Assume contract PIF. 0 0 Genmar MI Charter Business Solutions Internet Service Agreement. Contract says $155/month. 0 0 Genmar MI Cincinnati Time Systems Inc Software Support Agreement - Ultipro & Novatime 0 0 Genmar MI Corecomm Internet Service Inc Dedicated Internet Access Agreement. Per F Winns, No Contract on file 500 500 Genmar MI Cost Containment Group Letter of engagement. Cost reduction consulting. Materials handling, supplies, temp staffing, waste, telecomm… ect. Fees based on cost savings 46,400 46,400 Genmar MI Crown Credit Co Lift Truck Crown. RC5510-30TT-208. Serial # 1A326298 422 844 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # 210544. Master Lease Agreement 6427862-111 908 1,815 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # 210766. Master Lease Agreement 6427862-112 422 844 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # 8001616. Master Lease Agreement 6427862-115 422 843 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # not provided. Master Lease Agreement 6427862-113 318 635 Genmar MI Dell Financial Services. 2 Dell computers with accessories. Exact description and serial # Supplier: Dell Inc. impossible with faxed copy. Lessee PO # 208941. Master Lease Agreement 6427862-108. All of Dell activity is detailer under the first listing 312 625 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # not included. Master Lease Agreement 6427862-116 280 560 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # not included. Master Lease Agreement 6427862-117 210 421 Genmar MI Dell Financial Services. Assumed to be Dell computer(s)? with accessories. Exhibit "A" Supplier: Dell Inc. (descriptions) were not included with contract submissions. Lessee PO # 8001646. Master Lease Agreement 6427862-114 140 351 Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365101533 Imaging) $568 852 Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 3045SPF Copier Serial # K9465102339 Imaging) 690 1,380
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 3 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365501167 Imaging) 566 1,132 Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 3035SPF Copier Serial # K9365501194 Imaging) 348 522 Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 2020D Copier Serial # K8356942644 Imaging) 202 303 Genmar MI Ervin Leasing (Supplier Applied Ricoh Aficio 2020D Copier Serial # K83557040132 Imaging) 148 222 Genmar MI Garelick Mfg Co Patent Infringement Agreement; Indemnity agreement. Defense of any suit brought against Four Winns about by action related to the side mount table hardware. 0 0 Genmar MI Global Technology Assoc Inc Software License. Internet Firewall. Multiple contract date, but last date is 1/29/2010 0 0 Genmar MI GMAC Retail Installment Loan Truck 1GCHK24KX7E555944 416 2,496 Genmar MI GMAC Retail Installment Loan Truck 1GCHK24K77E548143 - 2007 Silverado 402 2,412 Genmar MI GMAC Retail Installment Loans Truck 1GCHK24K07E592341 - 2007 Silverado 0 1 Genmar MI Hewlett-Packard Dev Co LP Maintenance Service Packs; ESX Server maintenance; HPS-Buy CL360G5 E5440 SAS Svr Assume annual pymnt. Prepay. No contract 0 0 Genmar MI IKON Financial Services Ricoh copier CPR AF3228C. Monthly lease and service agreement. Engineering dept. Onetime fee of $885 for setup and installation. 465 1,630 Genmar MI Kaspersky Lab Inc. Anti Virus License Agr#001C-080724-193049 software for 200 workstations. 0 0 Genmar MI Kubota Credit Corp USA Loan Agreement - 4WD Tractor w/Foldable RO Loan #20151650. Model number B7510HSDF. Serial number 62209 269 1,614 Genmar MI Mapics Inc Software License Agreement #A271505; Software License Terms Addendum, Info Schedule #2. Syteline ERP software. 0 19,164 Genmar MI Panasonic of North America Panasonic toughbook computer maint agreement. Shawn Edie. Model CF30F3SAXAM, serial # 8GKSB66319. Email confirmation only. Assume contract prepaid 0 0 Genmar MI Pitney Bowes Credit Corp. Postage Machine, Check stuffer. Training, software maint. With upgrades, phone link. 39 moths @ $459 per month. Agreement number 3935377 918 3,213 Genmar MI Pitney Bowes Credit Corp. Postage Machine and check stuffer. Additions to system Serial number F352 / 1023004. Training, Optiflow power stacker. Service agreement 812 2,842 Genmar MI Ryder Transportation Service 28' Diesel Dry Van Contract. Unit number 409243. Serial # 1MHTAAN35H109893. Base rate of $1,152 with $0.0929 mileage charge. Picked up truck on Sept 1, 2009 2,304 5,759 Genmar MI Sage FAS Fixed Asset Management Software. Support Plus Contract (Software) Expires 11/11/09. Assume contact was prepaid. 0 0 Genmar MI Team Financial Group Lease Buyout of 2001 contract. Wiggins forklift. $2057 of 12 mos with $1 buyout. Lease # 504077.Serial # HWIGGINISWLC012081. Original purchase price $134,620. 15,000Lb lift. Several other Team Leases are on file, but not listed in this report due to their relative age, all signed in 2001 (expired). 2,057 1,857 Genmar MI Wells Fargo Mortgage for Line of Credit 0 0 Genmar MI TOTAL 95,499 202,276 Genmar MN Genmar MN Ameripride Ameripride Service Promise. Uniform Rental & Apparel Management. Variable due to volume. 3,486 3,486 Genmar MN Anchor Distributing Manufacturer's Representative Agreement - Glastron. Reclass represents a pre petition balance paid in June $2,614. 0 0 Genmar MN ASA Electronics Memorandum of Understanding/Letter of Intent. Specialized waterproof stereo. 0 0 Genmar MN Belgrade, Mike GW Tender agreement letter. Seaswirl boat. Osmotic blisters. 0 0 $7 500 Genmar MN BMP Business Machines Plus Donica Minolta Copier 7145 (Serial #40LE18481); 7022 Copier (Serial #26WE28147) 4,620 4,620 Genmar MN Boattestcom LLC Product test Agreement - Work Order #C309259. Seaswirl. 4 boat models. Assume a 2nd set of four boats were tested (additional $40k). 83,200 83,200 Genmar MN CitiCorp Leasing Inc Forklift. Caterpillar Model: DP150 Lease Contract #005-0094405- 005. Serial number 6DP10116 1,185 7,510
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 4 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar MN CitiCorp Leasing Inc Caterpillar Forklift Model: GP18KGLP Lease Lessor: Minnesota Supply Company 6470 Flying Cloud Drive Eden Prairie MN 55344; Caterpillar Model: GP 18. KGLP. Serial #. AT31A50815. Lease Contract #005-0094405-004. Reclass represents a pre petition balance paid in June $2,614. 858 3,409 Genmar MN Citicorp Leasing Inc Forklift. Caterpillar Model: 3500-LP. Contract #005-0094405-006 0 0 Genmar MN Compass Commercial Real Exclusive Authorization to Sell Culver Property Estate 0 0 Genmar MN CPS Technology Solutions Maintenance Agreements AS400. Service and maintenance of IBM equipment 0 0 Genmar MN CPS Technology Solutions Inc Maintenance Agreement. Different mailing address from other CPS address. From Hamel, MN proximity, might be 24 hour local service 0 0 Genmar MN de lage landen Financial Svcs Konica Minolta Digital Copier Lease. Model 7145. Serial # 40LE18481. Appears to be the same unit listed under BMP Business Machines above. 412 1,280 Genmar MN Dockside Group Ltd Manufacturer's Representative Agreement - Seaswirl. Reclass represents two pre petition balances paid in June and July. Total $25,430 2,946 8,899 Genmar MN DW Marine Sales Manufacturer's Representative Agreement - Glastron. Reclass represents two pre petition balances paid in June $9,111 and $544 in Aug 0 14,739 Genmar MN Falls Distribution Inc Commercial Lease. Seaswirl lease of 5,000 sq ft at 16731 Haven Rd, Little Falls, MN 7,550 7,550 Genmar MN Gerber Technology Inc Maintenance Contract #40009485; Service Agreement #70950 (2001). Gerber Cutter and Konica Minolta copier. Service agreements are old. Most recent on copier 2005. Currently monthly rate used to be the monthly post petition additions. 10,567 14,089 Genmar MN Greater Bay Capital Clark Forklift ECG25 Lease Acct #200530476. Forklift Serial # ECG35812439571 483 2,645 Genmar MN Greater Bay Capital/Wells Clark forklift ECG25 Lease Agreement; Lease Agreement Acct Fargo #200422527. Forklift Serial # ECG10819571 462 2,994 Genmar MN Halser Inc c/o Deaton's Mailing Mailing System (Ser #410607043056) Sys 555 555 Genmar MN Hawkeye Marketing Group Manufacturer's Representative Agreement - Larson. Reclass represents a pre petition balance paid in June $1,299. (0) (0) Genmar MN Kirchoff, Craig GW tender agreement letter Glastron 2002 SX 195. Osmotic Blister. Onetime goodwill payment. Not signed by Kirshoff until post-petition. 0 0 Genmar MN Macy Farms LLC Lease Real & Personal Property Culver Oregon property 0 0 Genmar MN Marco Inc Sharp MX-M350NB, Serial 75011237 (11/15/07). Sharp MX- M350NB, Serial 75019764 Customer Service (8/27/07). Sharp MX- M620N, Serial # 75006798 Main Office (5/1/08). Sharp MX-M350NB , no serial # listed, Traffic. 1,175 2,603 Genmar MN Morrrison County Dept of Easement for highway purposes. Payment from Morrison Co. Public Works 0 0 Genmar MN Nick, Dwight Manufacturer's Representative Agreement - Larson. Reclass represents two pre petition balances paid in June $10,950 and $257 in July. 11,509 18,374 Genmar MN Onvoy Inc Amendment No One to the Shared Web Hosting Addendum to the Onvoy Service Agreement b/t Glastron & Onvoy Inc. Reclass represents a pre petition balance paid in July $1,033. 1,033 1,032 Genmar MN Parker, Bob & Linda Settlement agreement and release. One-time payment 0 0 Genmar MN Portofino Training Academy Contract for Services. Larson Dealer sales and marketing online training. 75,691 75,691 Genmar MN R&S Sales LLC Manufacturer's Representative Agreement - Seaswirl. Reclass represents a pre petition balance paid in July $906. 0 1,267 Genmar MN Retail Maintenance Svc Inc Proposal # Prop-521636 Culver OR. Property inspection and maint. 0 0 Genmar MN Sage Software System Software/hardware support - Customer No 35965615. Reclass represents a pre petition balance paid in July $674. 0 0 Genmar MN Sherrill, Henry GW tender agreement letter. Offer of replacement parts at cost for a Seaswirl boat 0 0 Genmar MN Sungard Availability Services Data recovery services LP 0 0 Genmar MN TimeTrak Systems System Software/hardware support 4,795 4,795 Genmar MN Tobin, Steve Manufacturer's Representative Agreement - Larson. Reclass represents a pre petition balance paid in June $3,702. 0 3,805
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 5 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar MN Utility Partners Incorporated Energy Bill savings and options Larson's plants six four and coverall facilities w/Utility Partners Inc. Reclass represents a pre petition balance paid in June $4,524. (4,000) (4,000) Genmar MN VEC Technology LLC VEC Cell Lease; VEC Cell Intellectual Property Lease Agreement 137,261 390,066 Genmar MN Winkle, Chris Manufacturer's Representative Agreement - Larson, Reclass represents a pre petition balance paid in June $2,325. 0 0 Genmar MN TOTAL 343,787 648,611 Wood Mfg Wood Mfg Addictive Fishing 2010 Sponsorship Agreement 0 Wood Mfg Akron Bass 2009 Terms Agreement Event costs: Ranger cup $2,850, sponsor boat exp $0, and misc costs $0. 0 0 Wood Mfg American Bass 2009 Terms agreement. Event costs: Ranger cup $0, sponsor boat exp $58k, and misc costs $0. 0 0 Wood Mfg Anderson, Sue Kansas Walleye Association Tournament 0 0 Wood Mfg Angler's Choice Tournament 2009 terms agreement. Event costs: Ranger cup $0, sponsor boat Trail (ACTT) exp $9.7k, and misc costs $.1k. 0 0 Wood Mfg Arctek License agreement 0 0 Wood Mfg Arvest Bank North Central AR Automated Teller Machine Agreement 0 0 Wood Mfg Auten, Todd 2009 Pro Team Agreement 0 0 Wood Mfg Aviva Sports Inc Toy Boat License Agreement. Motorized radio controlled 0 0 Wood Mfg Bass World Sports 2009 terms agreement. Event costs: Ranger cup $0, sponsor boat Tournaments Circuit exp $40.1k, and misc costs $5k. 0 0 Wood Mfg Bass-N-Bucks Tournaments 2009 terms agreement. Event costs: Ranger cup $0, sponsor boat exp $43.4k, and misc costs $0k. 0 0 Wood Mfg Baumgardner, Chris 2009 Pro Team Agreement 0 0 Wood Mfg Bell, Jimmy 2009 Pro Team Agreement. Free boat and 17% off accessories. 0 1,913 Wood Mfg Biffle, Tommy 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Blaukat, Randy 2009 Pro Team Agreement 11,550 11,550 Wood Mfg Blue Heron Communications Media Relations Agreement. Blue Heron to monitor all media publications. Be primary media contact for Ranger and create press kits. 0 0 Wood Mfg Bolivar, Gabe 2009 Pro Team Agreement 0 1,020 Wood Mfg Bolton, Terry 2009 Pro Team Agreement 0 956 Wood Mfg Brauer, Dennis G 2009 Pro Team Agreement 3,188 6,376 Wood Mfg BRP 2009 Promotion Program b/t Ranger & Evinrude; Verbal agreement to use remaining quantity of special edition 100th Anniversary engines on two range models of boats. G: File includes emails and PowerPoint presentation, not a contract. Feb 09 - July 09 pymnts. 2nd G: drive includes confirmation of verbal agreement 0 0 Wood Mfg Cabela's Marketing & Brand Marketing Agreement. Cross-brand merchandise proportions Mgmnt 0 1,477 Wood Mfg Cagle, Allan 2009 Pro Team Agreement 0 191 Wood Mfg Campell, John 2009 Pro Team Agreement 638 1,275 Wood Mfg Capitol Mercury Shirt Corp Airplane hanger lease - assumed lease from Capital Mercury Shirt Corp - relevant details included under Marion County Airport Board 0 0 Wood Mfg Capras Outdoor Promotion 2008-2010 Contract Agreement. Contact states 2 years but dates Network show thee year agreement. Contract dates reelected on this schedule. 25% discount on two Rangers. 0 0 Wood Mfg Careco Multimedia 2009-10 Americana Outdoors and Fishing & Hunting Texas Contract; 2008 National Collegiate Bass Fishing Championship Contract. Billboards and TV commercials. Video for website. 0 0 Wood Mfg Carppie USA 2009 terms agreement. Event costs: Ranger cup $0, sponsor boat exp $26.3k, and misc costs $4k. 0 0 Wood Mfg CEF 2002 LLC Freightliner lease 1FVHAWCK05LU75335 (A) Model: Afgosy. Year: 2005 0 4,587 Wood Mfg Chateau Lake Resort & Group Accommodations Agreement; Contract Addendum for Block Convention Ctr Decrease. July 12 - July 15, rooms, food, conference halls. 0 0 Wood Mfg Cingular Wireless National Cingular Wireless Business Edge Program Agreement Accounts LLC 2,140 4,319 Wood Mfg Citicapital Freightliner lease 1FVHAWCK45LN54278 (A) 0 4,374 Wood Mfg CITICAPITAL COMMERCIAL Freightliner lease 1FVHAWCK15LN55596 and LEASING CORP. 1FVHAWCK35LN55597 (A). Model Argosy. Year 2005 0 4,371 Wood Mfg Clausen, Luke 2009 Pro Team Agreement 1,275 2,550
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 6 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Wood Mfg Cochran, George 2009 Pro Team Agreement. Both direct bill allotments and reimbursement allotments. 12,000 13,662 Wood Mfg Colangelo/US Smokeless 2009 Skoal Great Brotherhood Giveback Promotion - Purchase Tobacco Agreement 0 0 Wood Mfg Courts, Mark 2009 Pro Team Agreement 0 3,188 Wood Mfg Curtis Lawn Care Lawn Service Agreement 1,000 2,250 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK07LY08605 (A). Model: Argosy. Year Supplier: Barloworld Truck 2007 Center. 3,313 8,281 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK67LY08608 (A) Model: Argosy. Year: Supplier: Barloworld Truck 2007. Center. 3,265 8,164 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08610 (A) Model: Argosy. Year Supplier: Barloworld Truck 2007. Center. 1,574 6,542 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK27LY08606 (A). Model Argosy, Year Supplier: Barloworld Truck 2006 Center. 1,633 6,532 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK96LV94566 (A). Model: Argosy. Year Supplier: Barloworld Truck 2006. Center. 1,678 6,472 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK06LV94567 (A). Model Argosy. Year Supplier: Barloworld Truck 2006 Center. 1,608 6,432 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK76LV94565 (A). Model Argosy. Year Supplier: Barloworld Truck 2006. Center. 1,598 6,392 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK87LY08609 (A). Model: Argosy. Year Supplier: Barloworld Truck 2007. Center. 0 4,968 Wood Mfg Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08607 (A). Model Argosy. Year Supplier: Barloworld Truck 2006 Center. 0 4,899 Wood Mfg Davis, Julia 2009 Pro Team Agreement 0 638 Wood Mfg Dockside Group Ltd Manufacturer's Representative Agreement 0 956 Wood Mfg DP Technology corporation SMC Renewal - Software maintenance contract. License E4314000 and E4314001. Prior year contracts are on file. Ranger inputted current year data. (Komo router software maint) 0 0 Wood Mfg Dudley, David 2009 Pro Team Agreement 6,000 6,000 Wood Mfg Eakins, Jim 2009 Pro Team Agreement 0 1,180 Wood Mfg Eakins, Troy 2009 Pro Team Agreement 670 670 Wood Mfg Elliott, Chris 2009 Pro Team Agreement 0 1,913 Wood Mfg Engatech SolidWorks Product Invoice - this is an expired contract - needs to be deleted from sheet. On file G drive is 2009 quote only 0 0 Wood Mfg Fears III, OT 2009 Pro Team Agreement 0 1,913 Wood Mfg Flats Class TV (CA 2009 Team Flats Class Endorsement Proposal; 2009 Team Flats Richardson) Class Endorsement Contract. $8k Redfish tour fee and two boats with 10% and 8% cost reductions. 0 0 Wood Mfg Forrest L Wood License Agreement 0 0 Wood Mfg Frankie's Marine 2009 terms agreement. Event costs: Ranger cup $0, sponsor boat exp $17.5k, and misc costs $0k. Wood Mfg Fritts, David 2009 Pro Team Agreement 0 0 Wood Mfg Full Throttle Outdoors 2009 terms agreement. Event costs: Ranger cup $3k, sponsor boat exp $14.4k, and misc costs $2k. 0 0 Wood Mfg Future Pro Team Trail/Vince 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat Harris exp $13.8k, and misc costs $0k. 0 0 Wood Mfg Georgia TBF/Van Foster 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $0k. 0 0 Wood Mfg Gluszek, Pete 2009 Pro Team Agreement 0 0 Wood Mfg Got Bass Team Trail 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $7.8k, and misc costs $1k. 0 0 Wood Mfg Hagemeyer North America Inc Purchase Agreement 110,399 121,650 Wood Mfg Hardin, Mark 2009 Pro Team Agreement 0 1,913 Wood Mfg Harsh, Pete 2009 Pro Team Agreement 0 1,381 Wood Mfg Hibdon, Dion 2009 Pro Team Agreement 0 3,198 Wood Mfg Hibdon, Guido 2009 Pro Team Agreement. Includes annual direct bill allotments and quarterly reimbursement allotments 13,500 13,713 Wood Mfg IFA 2009 terms agreement. Event costs: Ranger cup $25k, sponsor boat exp $34.9k, and misc costs $0k. 0 0 Wood Mfg Illini Team Trail 2009 terms agreement. Event costs: Ranger cup $1.5k, sponsor boat exp $13.8k, and misc costs $1.3k. 0 0
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 7 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Wood Mfg Illinois TBF 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $5k, and misc costs $0k. 0 0 Wood Mfg Inshore Fishing Association 2009 Terms Agreement. Ranger as major sponsor of IFA. Ranger commits to $123k in advertising.. Ranger to pay $1,000 or $500 to winner of IFA events. 0 0 Wood Mfg Iovino, Don 2009 Pro Team Agreement. Includes annual direct bill allotments and quarterly reimbursement allotments 425 850 Wood Mfg Izumi Outdoors Inc 2009-2010 Advertising, Endorsement, and Promotional Agreement. TV Show: Bob Izumi's Real Fishing Show. Bob purchase two boats at discount. 0 0 Wood Mfg Jim Saric Outdoors Inc Television Contract 0 0 Wood Mfg Jimmy Houston Outdoors 2009 Contract 0 0 Wood Mfg JLP Sales (Jason Parsons) Manufacturer's Representative Agreement 0 1,633 Wood Mfg Johnson Outdoors - Minn Kota Marketing Agreement. 0 0 Wood Mfg Johnson Outdoors Inc - 2009-2011 MY Terms Agreement. Minn Kota to pay Ranger for Minkota catalog placement, incremental sales and technical support 0 0 Wood Mfg Kenney, JT 2009 Pro Team Agreement. Includes annual direct bill allotments 638 1,275 and quarterly reimbursement allotments Wood Mfg Kilby, Rob 2009 Pro Team Agreement 0 0 Wood Mfg Kim Stricker Productions Inc Advertising Agreement 2009. Tournament Fee 0 0 Wood Mfg Kleppert, Pat Manufacturer's Representative Agreement 0 0 Wood Mfg Kooser, David 2009 Colorado Walleye Association Tournament Trail 0 0 Wood Mfg Kreiger, Koby 2009 Pro Team Agreement. Includes annual direct bill allotments and quarterly reimbursement allotments 850 1,275 Wood Mfg Kudzu Licensing rights to produce and sell Ranger branded clothing & 0 11,031 Wood Mfg LaCourse, Rick 2009 Pro Team Agreement 0 1,340 Wood Mfg Lectra Proposal New Power Plus Contracts - Annual maintenance 0 0 t CAD ft Wood Mfg Leonard, Bill 2009 Pro Team Agreement 0 956 Wood Mfg Liddle's Fishing Promotions Inc Manufacturer's Representative Agreement 0 11,155 Wood Mfg Lindahl Ltd Manufacturer's Representative Agreement 0 11,253 Wood Mfg Lyndell, Martin 2009 Pro Team Agreement 0 0 Wood Mfg Lytle, Curt 2009 Pro Team Agreement 2,455 2,455 Wood Mfg Mann, Tom Jr 2009 Pro Team Agreement 9,000 9,000 Wood Mfg Marion County Airport Board Airplane hanger lease - assumed lease from Capital Mercury Shirt Corp 2,092 2,092 Wood Mfg Marion County Arkansas Airplane hanger lease - assumed lease from Capital Mercury Shirt 0 0 Cdtilb Wood Mfg Martin, Lendell 2009 Pro Team Agreement 0 0 Wood Mfg Martin, Scott 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Masters Walleye Circuit 2008-09 Tournament Season Terms Agreement 0 0 Wood Mfg MBNA America Bank NA Affinity Agreement 0 0 Wood Mfg McCabe Productions Inc 2010-2011 Advertising Agreement Addictive Fishing TV Contract; 0 0 ShiAt Wood Mfg McDonald, Bill 2009 Pro Team Agreement 1,488 1,488 Wood Mfg McQuoid, Kevin 2009 Pro Team Agreement 1,309 1,309 Wood Mfg Memphis Bass Club 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $14.3k, and misc costs $0k. 0 0 Wood Mfg Mercury Marine 2009 Pricing/Joint Advertising Planning b/t Mercury & Ranger 0 0 Wood Mfg Meseberg, Mike 2009 Rod Meseberg Spring Walleye Classic 0 0 Wood Mfg Meyers, Todd Settlement agreement; requires one time pmt of $5,375 prior to 9,750 9,750 Wood Mfg Mickey Furr & Associates Inc Manufacturer's Representative Agreement
0 3,263 Wood Mfg Miller, Wayne Fish'N Fever Tournament Trail Agreement 0 0 Wood Mfg Millsaps, Jimmy 2009 Pro Team Agreement 4,000 4,000 Wood Mfg Minnetonka Classic Bass Club 2009 terms agreement. Event costs: Ranger cup $1k, sponsor boat (Larry Kroh exp $0, and misc costs $0.3k. 0 0 Wood Mfg Missouri TBF (Don Heiser) 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $0k. 0 0 Wood Mfg Monroe, Ish 2009 Pro Team Agreement 1,063 1,063 Wood Mfg Murray, John 2009 Pro Team Agreement 3,103 3,103
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 8 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Wood Mfg MWC-North American Sponsorship and ad fees for 2008-2009 Tournament Seasons Fisherman Terms Agreement. Ads and sponsorship Ranger provides 2 boats and trailers per fishing season 0 0 Wood Mfg Navico Inc - Lowrance Brand Starnard Fit Agreement 2009+ Equipment 0 0 Wood Mfg Nebraska Walleye Trail 2009 terms agreement. Event costs: Ranger cup $1k, sponsor boat exp $0k, and misc costs $4.4k. 0 0 Wood Mfg Neilson, Scott 2009 Pro Team Agreement 956 956 Wood Mfg Norman, Jami Ohio Mega Bass Tournament Trail - Ranger Cup Tournament 0 0 Wood Mfg North American Fisherman 2009 terms agreement. Event costs: Ranger cup $10k, sponsor boat exp $33.8k, and misc costs $2k. 0 0 Wood Mfg North Star Dist/Jackson Bros Vending Service Contract - Ranger receives commissions; does not make any pmts 0 0 Wood Mfg Northern Bass Supply 2009 terms agreement. Event costs: Ranger cup $2.5k, sponsor boat exp $12k, and misc costs $0k. 0 Wood Mfg Nt'l Assoc Stock Car Racing Amendment #2 to the License Agreement #LG02118.1 Inc 0 0 Wood Mfg Olson, Eric 2009 Pro Team Agreement 553 553 Wood Mfg Omori, Takahiro 2009 Pro Team Agreement 2,455 2,455 Wood Mfg Operation Bass Inc Sponsorship agreement 759,000 759,000 Wood Mfg Operation Bass Inc Security demand for Promissory note and Security agreement files. $3 million loan to ranger from Operation Bass 0 0 Wood Mfg O'Shea, Mike 2009 Pro Team Agreement 1,275 1,275 Wood Mfg Ozark Mountain Team Trail 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $0.8k. 0 0 Wood Mfg Pack, Mark 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Pitney Bowes Credit Corp Postage meter lease #1124677/003 0 0 Wood Mfg Pitney Bowes Inc Postage account #97949200204 Model #: DM 900, Serial number 0048221 0 0 Wood Mfg Praxair Distributing Co Inc Product Supply Agreement; Letter to source other suppliers upon contract expiration of 11/1/08, this contract will need to be deleted from this spreadsheet. It has expired. 0 0 Wood Mfg Pro Musky Tournament 2009 terms agreement. Event costs: Ranger cup $5k, sponsor boat exp $10.4k, and misc costs $0k. 0 0 Wood Mfg Randy Hopper Property Lease. Currently reflected on Ranger's contract list. $3,000 k per month 0 9,000 Wood Mfg Ranger West Manufacturer's Representative Agreement 0 7,034 Wood Mfg Reese, Jimmy 2009 Pro Team Agreement 638 638 Wood Mfg Reeves Tourn Trail 2009 terms agreement. Event costs: Ranger cup $5k, sponsor boat exp $20.4k, and misc costs $0k. 0 0 Wood Mfg Renegad Bass/Paul Shibata 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $7k, and misc costs $0k. 0 0 Wood Mfg Rettig, Jim 2009 Montana Walleye Circuit - Ranger Cup Program for 5 events 0 0 Wood Mfg RLH Sanitation Inc Terms & Conditions Agreement Solid Waste Collection; Schedule A to 1/29/96 Terms & Conditions Agreement Solid Waste Collection 152 152 Wood Mfg RLKilby Sales Manufacturer's Representative Agreement 0 6,855 Wood Mfg Ron Enslen & Associates Manufacturer's Representative Agreement 0 3,634 Wood Mfg Rook, Scott 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Rose, Mark 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Salchak, Mary Agreement to have Ranger Cup at various tournaments 0 0 Wood Mfg Schultz, Bernie 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Scott-Gross Company Cylinder Service Agreement 6,263 6,263 Wood Mfg Scott-Gross Company Cylinder Service Agreement 1,386 2,129 Wood Mfg Segraves, Terry 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Seminole Energy Service Natural Gas Sales Agreement 11,636 11,636 Wood Mfg Shoremasters Inc Toy Boat License Agreement 0 0 Wood Mfg Silverado Bass Tour 2009 terms agreement. Event costs: Ranger cup $2k, sponsor boat exp $14.9k, and misc costs $0k. 0 0 Wood Mfg Skarlis, Tommy 2009 Pro Team Agreement 5,100 5,100 Wood Mfg South Central Sales & Manufacturer's Representative Agreement Associates 0 24,830 Wood Mfg Southwest Boats Inc Dealer Agreement(s); Agreement to sell 2 - 170VS boats and trailers for $7k each 0 0 Wood Mfg Stegall, Roger 2009 Pro Team Agreement 553 553 Wood Mfg Steve's Termite & Pest Control Annual Termite Contract 92 92 Wood Mfg Strategic Business Continuity Service Master Agreement Control #BC02208 (Disaster recovery service). Contract S7329-08. Total $ = $50,340. 839 839
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 9 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Wood Mfg Sturgeon Bay Open Bass 2009 Tournament Agreement Tournament 0 0 Wood Mfg Sun Country Bass Tour 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $1.8k. 0 0 Wood Mfg Superior Fiberglass & Resins Superior Parts Washer Loan Agreement. Parts Washer Serial #s 12873, 13336, 13338, 13339, 13340, 13346, 13349 and 13350. 0 0 Wood Mfg Surman, Mike 2009 Pro Team Agreement 1,063 1,063 Wood Mfg Svebek, Carl 2009 Pro Team Agreement 1,275 1,275 Wood Mfg TBF National 2009 terms agreement. Event costs: Ranger cup $70k, sponsor boat exp $0k, and misc costs $138k. 0 0 Wood Mfg Textron Financial Corporation Receivables Financing Agreement dated 12/17/08 (Ranger has no info on this). Financing company. Includes full list of Textron collateral. Outstanding recv $8.7m. $ advanced by Textron $6.1m. 0 0 Wood Mfg The Ambassador Company Way to Go Book Club-Local Elementary Schools Reading Program Sponsorship. Renewal #101305. Contract agreed to pay $716.00 annually for two years. We paid a partial payment in March 09 of $350.00 leaving $366 due for July 2009/CD. Contract was for July 2009 and July 2010 0 366 Wood Mfg The Powell Group 2009 Hank Parker Productions Contract; Payment Schedule Rider to 2009 Hank Parker Productions Contract; Advertising Schedule Rider to 2009 Hank Parker Productions Contract; Personal Endorsement Rider to 2009 Hank Parker Production Contract 0 0 Wood Mfg Thliveros, Peter 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Thomas, Jeffery 2009 Pro Team Agreement 0 0 Wood Mfg Thomas, Joe Promotional Agreement 2/1/08 - 1/31/2010. Fees plus discounted 0 0 Wood Mfg Tom's Marine 2009bt terms agreement. Event costs: Ranger cup $3k, sponsor boat exp $0k, and misc costs $0.8k. 0 0 Wood Mfg Top Boats LLC (David M Manufacturer's Representative Agreement McDonald) 0 6,178 Wood Mfg Trader Bill's Tournament Circuit 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $0k. 0 0 Wood Mfg Trane Arkansas Service Agreement 0 0 Wood Mfg Twin Lakes Community Bank Loan # 34009633. Principal $35,756.18. Collateral Sellek: Forklift Model SD 120, Serial #55043111232 0 11,238 Wood Mfg Twin Lakes Community Bank Loan # 34009209. Principal $672,629.97. Collateral: 1994 Beechcraft B200 aircraft. Registration #: N3051K. Serial #: BB1495 0 206,068 Wood Mfg Twin Lakes Community Bank Loan # 34006673. Line of credit advances principal of $440,165.10. 0 86,322 Wood Mfg Twin Lakes Community Bank Loan # 34005329. Line of credit advances principal of $46,465.35. 0 9,315 Wood Mfg UniFirst Corporation UniFirst Corporation's Service Plan Term; Customer Service Agreement - this contract has been terminated post-petition; see Keith Carpenter 2,822 2,822 Wood Mfg US Bank National Association ATM Agreement - This contract has expired and should be deleted from spreadsheet 0 0 Wood Mfg USABle Corporation Access & Service Agreement - This contract has expired and should be deleted from spreadsheet 0 0 Wood Mfg Vic's Sports Center 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $3.8k, and misc costs $0k. 0 0 Wood Mfg Victory Sales Co Manufacturer's Representative Agreement 0 7,809 Wood Mfg Virginia TBF Federation 2009 terms agreement. Event costs: Ranger cup $0k, sponsor boat exp $13.8k, and misc costs $0k. 0 0 Wood Mfg Walker, David 2009 Pro Team Agreement 3,825 3,825 Wood Mfg Walleye Central 2009 terms agreement. 0 0 Wood Mfg Wendlandt, Clark 2009 Pro Team Agreement 27,000 27,000 Wood Mfg White, Danny 2009 Pro Team Agreement 3,825 3,825 Wood Mfg Wing Media Group Advertising Agreement. Scott Martin Challenge (TV) 0 0 Wood Mfg Wired2Fish Advertising Contract/Insertion Order for Wired2fish.com 0 0 Wood Mfg Wolak, Dave 2009 Pro Team Agreement 638 638 Wood Mfg Wong, Judy 2009 Pro Team Agreement 510 510 Wood Mfg Workman, Randy Hopkins County Bass Club - 1 $1500 purchase certificate 0 0 Wood Mfg Wurm, Mike 2009 Pro Team Agreement 1,913 1,913 Wood Mfg Wyoming Walleye Circuit 2009 terms agreement. Event costs: Ranger cup $3k, sponsor boat exp $0k, and misc costs $1.5k. 0 0 Wood Mfg Yamaha Motor Corp USA Yamaha License Agreement; Schedule 0 0 TOTAL Wood Mfg 1,062,263 1,584,608 Genmar Trnspt Genmar Trnspt Associated Bank Leasing Div Lease Schedule #003 of Master Lease Agreement #1608 Trailers #1D9BH482861208349 and 1D9BH482861208350 2 New 2006 Doule drop Dropdeck boat trailers. 1 pymnt @ $11,516 then 59 @ $1,828.94 0 7,316
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 10 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar Trnspt Associated Bank Leasing Div Lease Schedule #004 of Master Lease Agreement #1608 Trailers #1D9BH482661208351 and 1D9BH482861208352 2 New 2006 Doule drop Dropdeck boat trailers. 1 pymnt @ $11,516 then 59 @ $1,828.94 0 7,316 Genmar Trnspt Associated Bank Leasing Div Lease Schedule #001 of Master Lease Agreement #1608 2 Trailers: 1D9BH482061208345; 1D9BH482261208346; Double drop Dropdeck boat trailers $10,660, the 59 pymnts @ $1,672 84 6,773 Genmar Trnspt Associated Bank Leasing Div Lease Schedule #002 of Master Lease Agreement #1608 Trailers: 1D9BH482461208347; 1D9BH482661208348. 2 New 2006 Doule drop Dropdeck boat trailers. 1 pymnt @ $10,660 then 59 @ $1,697 0 6,789 Genmar Trnspt Citicapital Comm Leasing Corp Trailer Lease Agreement: 20 Units 1D9BG482841208917; 1D9BG482X41208918; 1D9BG482141208919; 1D9BG482841208920; 1D9BG482X41208921; 1D9BG482141208922; 1D9BG482341208923; 1D9BG482541208924; 1D9BG482741208925; 1D9BG482941208926; 1D9BG482441208929; 1D9BG482041208930; 8931, 8932, 8933, 8934, 8935, 8936, 8937 and 8938. 7,150 42,902 Genmar Trnspt Daimler Chrysler Services Contract # 100-0090926 Trailer Lease Agreement: 10 units 1D9BG482731208745; 1D9BG482931208746; 1D9BG482031208747; 1D9BG482231208748; 1D9BG482431208749; 1D9BG482031208750; 1D9BG482231208751; 1D9BG482431208752; 1D9BG482631208753; 1D9BG482831208754 3,539 21,233 Genmar Trnspt Daimler Chrysler Services Contract # 100-0090924 Trailer Lease Agreement: 10 units 1D9BG482431208735; 1D9BG482631208736; 1D9BG482831208737; 1D9BG482X31208738; 1D9BG482131208739; 1D9BG482831208740; 1D9BG482X31208741; 1D9BG482131208742; 1D9BG482331208743; 1D9BG482531208744 0 17,694 Genmar Trnspt Daimler Chrysler Services Contract # 100-0090927 Trailer Lease Agreement: 10 units 1D9BG482641208818; 1D9BG482841208819; 1D9BG482441208820; 1D9BG482641208821; 1D9BG482841208822; 1D9BG482X41208823; 1D9BG482141208824; 1D9BG482341208825; 1D9BG482541208826; 1D9BG482741208827. Aug payoff amount estimated to be $67k 0 Genmar Trnspt GE Commercial Finance 2 units. Schedule A Trailer lease 1D9BH482651208042 1D9BH482851208043 1,321 7,924 Genmar Trnspt Heare, Rodney Jr Settlement agreement signed, but not paid. Property damage settlement. Copy of check on file. Status of payment unsure. 0 0 Genmar Trnspt Hull, Sheila Settlement agreement dated 05/05/09. 6/29/07 incident. Initial pymnt $117,500, then $42,500 5/15/09, then $37,500 8/15/09 and $37,500 11/15/09 0 0 Genmar Trnspt Mid America Capital Svcs Inc Master Lease Agreement. 9 units. Doonan Dropdeck boat trailer. Trailers: 1D9BG482561208358, 1D9BG482761208359, 1D9BG482361208360, 1D9BG4825611208361, 1D9BG482761208362, 1D9BG482961208363, 1D9BG482061208364, 1D9BG482261208365, 1D9BG482461208366 422 21,510 Genmar Trnspt Mid America Capital Svcs Inc Master Lease Agreement, 2 Units. Doonan Dropdeck Boat Trailer 1D9BH482X71208633; 1D9BH482171208634; 161 8,232 Genmar Trnspt Mid America Capital Svcs Inc Master Lease Agreement, 3 units. Doonan Dropdeck trailer: 1B9BG482X61208355, 1D9BG482161208356, 1D9BG482361208357 141 7,170 Genmar Trnspt Mid America Capital Svcs Inc Master Lease Equipment Schedule 2 units Doonan Dropdeck boat trailer. Trailers: 1D9BG482661208367; 1D9BG482X61208369; One unit paid off. Down to two units. 94 4,780 Genmar Trnspt River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: D9BH482271609235. 1 Unit. Doonan Dropdeck boat trailer Contract 1805-003 0 3,281 Genmar Trnspt River Valley Capital Corp Master Lease Equipment Schedule ,1 Unit. Trailer: 1D9BH482871609983. 1 Doonan Dropdeck boat trailer Contract 1805-002 0 3,272 Genmar Trnspt River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: 1D9BH482671609982. Payment are made to 1 Unit. Doonan Dropdeck boat trailer Contract 1805-001 Associated Bank 0 3,264 Genmar Trnspt VFS Leasing Co Vehicle Lease 012, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-630. 2007 - 18 Tractors: First 5: 4V4NC9GH07N423801, 4V4NC9GH27N436802, 4V4NC9GH47N436803, 4V4NC9GH67N436804, 4V4NC9GH87N436805 1,350 82,349 Genmar Trnspt VFS Leasing Co Vehicle Lease 014, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-630. 2007 - 15 Tractors: First 5: 4V4NC9GH37N436839, 4V4NC9HHX7N436840, 4V4NC9GHI7N436841, 4V4NC9GH37N436842, 4V4NC9GH57N436843 1 Tractor sold in May 09 0 67,495
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 11 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Genmar Trnspt VFS Leasing Co This lease has been rejected. Vehicle Lease 013, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-630. 2007 - 20 Tractors: First 5: 4V4NC9GH87N436819, 4V4NC9GH47N436820, 4V4NC9GH67N436821, 4V4NC9GH87N436822, 4V4NC9GHX7N436823 29,998 29,998 Genmar Trnspt VFS Leasing Co Vehicle Lease 015, 1 Unit. Terminal Rental Adjustment Clause Schedule 4V4NC9EJ87N482365. Volvo model VNL64T-670, 2007 69 4,178 Genmar Trnspt VFS Leasing Co Vehicle Lease 011, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-630. 2007 - 17 Tractors: First 5: 4V4NC9GH27N436783, 4V4NC9GH47N436784, 4V4NC9GH67N436785, 4V4NC9GHX7N436787, 4V4NC9GH17N436788 1,350 1,350 Genmar Trnspt VFS Leasing Co Vehicle Lease 010, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-630. 2007 - 13 Tractors: First 5: 4V4NC9GH47N436770, 4V4NC9GH67N436771, 4V4NC9GH87N436772, 4V4NC9GHX7N436773, 4V4NC9GH17N436774. 970 970 Genmar Trnspt VFS Leasing Co All These tractors are no longer in L Falls. Vehicle Lease, Terminal Rental Adjustment Clause Schedule Volvo model VNL64T-670. 2006 - 40 Tractors: First 5: 4V4NC9GH86N408405, 4VNC9GHX6N408406, 4V4NC9GH16N408407, 4V4NC9GH36N408408, 4V4NC9GH56N408409 0 0 Genmar Trnspt TOTAL 44,327 353,473 Genmar Holdings Inc. GHI American Suzuki Motor 2009 MY Engine Supply Agreement. Corporation 0 0 GHI BRP US Inc 2009 MY Engine Supply Agreement - Evinrude and Johnson brands 0 0 GHI Mercury Marine Engine Supply Agreement; 1st Amendment to 2008 MY Engine Supply Agreement; 0 0 GHI Volvo Penta of the Americas 2009 MY Engine Supply Agreement Inc 0 0 GHI Yamaha Motor Corporation 2009 MY Engine Supply Agreement USA 0 0 GHI AAA Cooper Transportation GHI, LTL Carrier Contract Transportation Agreement 7,199 7,199 GHI ABF Freight System Inc Contract Amendment 1 - 2 yr 46 46 GHI Alvan Motor Freight Inc GHI, LTL Carrier Contract Transportation Agreement 0 0 GHI Averitt Express Inc GHI, LTL Carrier Contract Transportation Agreement 26,403 26,403 GHI AVI Systems Annual Maintenance BOD Room $3500 0 0 GHI Bank of America NA Amendment No 1 to Marine Repurchase Agreement 0 0 GHI Bank of America NA Marine Repurchase Agreement 0 0 GHI Black Box Telephone Maintenance; 3YR contract 0 0 GHI Blow Molded Specialities Inc Supply Agreement - blow molded fuel cells 16,380 16,380 GHI Boat Dealers' Alliance Inc Strategic Alliance Agreement 0 0 GHI Brunswick Corporation Stock Purchase Agreement - Hatteras; 10/23/01 Stock Purchase Agreement - Aluminum 5/3/04 0 0 GHI Brunswick Corporation Stock Purchase Agreement - Hatteras; 10/23/01 Stock Purchase Agreement - Aluminum 5/3/04 0 0 GHI Bucci Investment Corporation Indemnity Agreement Breakwater Marine; Lease 11/07/08. $1 pd. For lease on property located at: 16099 Frasier Hwy, Surrey British Columbia 0 0 GHI Campagnie Generale De Collaboration Contract for financing of Euro distribution. Primarily Location D'Equipe France, Spain, Italy and Germany. 0 0 GHI Campagnie Generale De Collaboration Contract for financing of Euro distribution. Primarily Location D'Equipe France, Spain, Italy and Germany 0 0 GHI Celtic Leasing Corp Supplemental Lease Schedule No 3 Lease # CML-0943A. 5 axis CNC router and Belotti trimmer. Master Lease not on G: drive 0 0 GHI Central Freight Lines GHI, LTL Carrier Contract Transportation Agreement. Original 5/23/05. 2,045 2,045 GHI Central Parking System Parking Agreement 0 0 GHI Central Transport International GHI, LTL Carrier Contract Transportation Agreement. 126 126 GHI Cequent Trailer Products Inc Supply Agreement. Same as Cequent Electrical. 0 0 GHI China Mfg Sourcing Agency Independent contractor agreement 468 2,968 GHI Con-Way Inc GHI, LTL Carrier Contract Transportation Agreement 7,726 7,726 GHI Dayton Freight Lines Inc GHI, LTL Carrier Contract Transportation Agreement 6,579 6,579 GHI Dedicated Systems Inc GHI, LTL Carrier Contract Transportation Agreement 22,391 22,391 GHI Defined Contribution Advisors Consulting Contract for 401k/ Profit Sharing Plan(s) 0 0 GHI Deloitte Tax LLP Engagement Ltr; Addendum to Engagement ltr of 9/20/07. One-time payment 74,170 74,170 GHI Estes Express Lines GHI, LTL Carrier Contract Transportation Agreement 11,720 11,720
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 12 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
GHI GE Capital Solutions Lease Equipment - Lease #8392788001. Gerber Software and hardware in Cadillac, MI. Original purchase price $181k. 0 11,126 GHI GE Comm Dist Finance Genmar CDF Master Factoring Agreement - Australia 4,723 4,723 GHI GE Comm Dist Finance ApS Genmar CDF Master Factoring Agreement - Denmark 0 0 GHI GE Comm Dist Finance BV Genmar CDF Master Factoring Agreement - Netherlands 0 0 GHI GE Comm Dist Finance Corp Vendor Agreement; Amendment to Vendor Agreement; Second Amendment to Vendor Agreement; Limited Guaranty of Dealer (D'Anna Yacht Sales) with GE Commercial Distribution Finance 0 0 Corp GHI GE Comm Dist Finance Corp Genmar CDF Master Factoring Agreement - Sweden AB 0 0 GHI GE Comm Dist Finance Europe Genmar CDF Master Factoring Agreement UK Ltd 0 0 GHI GE Comm Dist Finance GmbH Genmar CDF Master Factoring Agreement - Germany 0 0 GHI GE Comm Dist Finance Oy Genmar CDF Master Factoring Agreement - Finland 0 998 GHI GE Comm Dist Finance SAa Genmar CDF Master Factoring Agreement - France 0 0 GHI GE Commerical Distribution Fin Limited guarantee dated 03/05/09 0 0 GHI Genmar Senior Management Retention Agreement 0 367,000 GHI Great American Special risk 0 0 GHI Great Plains Software Maintenance License Agreement 0 0 GHI GSSC d/b/a Magnum Venus Agreement Products 0 0 GHI Inland American Office IDS Office Lease; Original with First and Second Amendment to management. Lease; Per 2nd amendment, Yr 1 $44,942/mo, Yy 2, $52,951 and Yr 3, $60,241 99,464 158,031 GHI Jacobs Management Corp Restated Mgmt Agreement (7/01/08 for 1 yr) 657,290 653,455 GHI Laser Technologies Inc Contract printers and cartridges 1,620 1,620 GHI Lengert, Nichole Independent contractor agreement 0 0 GHI Marine Carla Labry Pelligrino Independent contractor agreement 0 0 GHI Marsh USA Inc Insurance broker services. $45k open 0 0 GHI MessageLabs Software Agreement; Add'l users; Anti-spam; Anti-virus 4,454 4,454 GHI Mid-States Express GHI, LTL Carrier Contract Transportation Agreement 1,487 1,487 GHI Minnesota Wild Hockey Club Agreement for Team and Arena Sponsorship LP 0 0 GHI Mintax Inc/ADP Inc Amendment to Engagement Agreement 0 0 GHI N&M Transfer Co Inc GHI, LTL Carrier Contract Transportation Agreement 1,584 1,584 GHI North American Composites Consignment Agreements. Roving gun fiberglass. Check balances Co 0 280,396 GHI Northmarq, formerly United Engagement Letter Orono, MN (Marina) Property Properties 0 0 GHI Northmarq, formerly United Engagement Letter Culver and Sarasota Property Properties 0 0 GHI Operation Bass Inc Sponsorship agreement 0 0 GHI Peters and May International Freight expeditor. 156,874 196,560 GHI PJAX Freight Systems GHI, LTL Carrier Contract Transportation Agreement 64 64 GHI Qwest Communications Co Qwest Total Advantage Agreement - phone LLC 346 346 GHI R & L Carriers Inc GHI, LTL Carrier Contract Transportation Agreement 0 0 GHI Raymarine Inc Group OEM Standard Fit Program Agreement. Minimum purchase requirements. Net 31 days 0 0 GHI Roadway Express Inc GHI, LTL Carrier Contract Transportation Agreement 56,716 56,716 GHI Rousse, Michel Independent contractor agreement 0 0 GHI RSM McGladrey Software Consulting Agreement. Int'l & Genmar balances 1,403 1,403 GHI Schwab Retirement Services Administration Service Contract for 401k/ Profit Sharing Plan(s) 0 0 GHI Southeastern Freight Lines GHI, LTL Carrier Contract Transportation Agreement 1,797 1,797 GHI Sprint Solutions Inc Master Service Agreement. $555 - Blackerry'd and $1,189 - 1/800. 3,771 4,267 GHI St. Gobain BTI Supply Agreement. 0 0 GHI Statistical Surveys Inc Agreement for the License and Use of Marine Retail Sales Data. New boat registration data. Qtrly Pymnts of: Yr1 $28,375. Yr2 $32,750, Yr3 $33,687 and Yr 4 $34,625 23,375 23,375 GHI Sungard Availability Services Account #13303 LP 0 0 GHI Synaptec Software Inc Software License Agreement for Lawbase case management software. $17.3k for onetime purchase and one year of support for 6 concurrent users 0 0
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 13 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
GHI TDCI Final Master Contract, Product License Agreement, Addendum A, Agreement for Professional Services, Attachment 1, Software Product License Agreement, Software Product License Agreement - all unsigned; Software Product License Schedule. BuyDesign configurator. 20 yr license $25k. $20% maint fee. Four Winns is the user. 0 0 GHI Textron Financial Repurchase Agreement. 0 0 GHI The Bergquist Company Aircraft Lease Agreement. Beechcraft Airking 350. Auto renewal. $975 per hour w/o fuel or crew. 0 0 GHI The Republik Corporation Agency Service & Compensation Agreement. Marketing communications and design services. Net 30 days. $7k in June is for 3 Website templates (doc date 6/1) 16,599 23,857 GHI Time Warner Telecom Data T1; 3YR contract($850) 0 0 GHI Tranzact Technologies Inc Master Service Agreement. Freight software for "lowest cost carried" and freight payment. Monthly Service Fees. 30,710 34,515 GHI Tranzact Technologies Inc Weekly Call for Funds. Pre Petition balances are listed under the various carriers. Amounts represent only Post-Petition activity 0 0 GHI Ultimate Software Group Inc Software Support Agreement. UltiPro payroll admin. Software. $25 per active employee. 2 yr agreement 18,380 14,252 GHI USF Holland Inc GHI, LTL Carrier Contract Transportation Agreement 49,697 49,697 GHI VEC 60,883 61,729 GHI Vitran Express Inc/PJAX Common carrier Expres 2,398 2,398 GHI Wallenius Wilhelmsen Logistics Wallenius Wilhelmsen Logistics AS Service Contract. Overseas AS shipment of boats. Termination with 30 days written notice. 24,871 79,641 GHI Wilson Trucking Company GHI, LTL Carrier Contract Transportation Agreement 7,141 7,141 GHI 3M - Combined Balances Price Protection agreement. See Facility level detail below - No activity 0 0 GHI ACT Fastening Solutions - Purchase Order - Master Terms & Conditions; Confidentiality Combined Balances Agreement - 5yr. 2,733 2,733 Genmar MN 2,422 2,422 Genmar TN 311 311 GHI Alcan Composites a division of Letter of Agreement - 3yr - No activity Alcan Pro - Combined Balances 0 0 GHI Arcteck Inc - Combined License Agreement for injection molding - vacuum assisted resin Balances introduction - term 9 months or until training completed - No activity 0 0 GHI Cequent Electrial Products Inc - Supply Agreement. Same as Cequent Trailer. Combined Balances 48,401 48,509 Genmar MI 11,784 11,784 Genmar TN 95 203 Wood Mfg 36,523 36,522 GHI EZ Loader Boat Trailers Inc Supply Agreement. Trailer manufacturer and its subs - Combined 868,060 914,562 GHI A/PBl International balances 24,075 24,075 Genmar MN 843,985 890,487 GHI Fireboy-Xintex Inc - Combined Supply Agreement. Safety gear. Fire and fume detection. Balances 45,690 45,690 Genmar MI 30,798 30,798 Genmar MN 14,832 14,832 Genmar TN 60 60 GHI Inland Plywood Company - Supply Agreement. Plywood and Marine laminate products. Net 45 Combined Balances Days 452,258 452,258 Genmar MI 258,306 258,306 Genmar MN 172,124 172,124 Genmar TN 21,828 21,828 Wood Mfg 0 0 GHI Interplastic Corporation - Supply Agreement w/Interplastics Corp. Check Balances Combined Balances 626,511 749,517 GHI - A/P 0 98,404 Genmar MI 0 0 Genmar MN 244,967 242,145 Genmar TN 78,403 105,415 Wood Mfg 303,141 303,553 GHI ITT Industries - Combined Supply Agreement. Bait wells, bilge pumps and blowers. Net 30 Balances days 41,208 45,113 Genmar MI 14,861 14,861 Genmar MN 12,109 12,109 Genmar TN 8,242 9,210 Wood Mfg 5,997 8,934
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 14 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
GHI ITW SprayCore a division of Supply Agreement. Mfg of syntactic resins Illinois Too - Combined Balances 100,735 100,735 Genmar MI 53,449 53,449 Genmar MN 29,454 29,454 Genmar TN 3,379 3,379
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 15 of 16 Genmar Holdings Inc. Chapter 11 Bankruptcies Genmar TN, Genmar MI, Genmar MN, Wood Mfg, Genmar Transportation and Genmar Holdings Inc. Executory Contracts / Leases Primary Sort: Total Cure Cost Descending Order Secondary Sort: Counter Party Ascending Order
TOTAL CURE $ Debtor Counterparty Contract / Lease Description and Other Preliminary Comments Pre-Petition Balance AMOUNT November 1, 2009
Wood Mfg 14,453 14,453 GHI Lectra USA Inc - Combined Hardware, Software and CAD-CAM solutions Balances 15,768 35,362 Genmar TN Lectra USA Inc Lectra Cutter lease. Vector Tech Tex2500-86 13,638 13,638 Genmar MN Lectra USA Inc Invoice #2088722 - Hardware assistance, gold subscription. Have items been received? 0 20,326 Lectra USA Inc Invoice #2088720 - Service Subscription for CAM system. "Remote Expertise". Contract # KUS306170001@6. VectorPilot Techtex V2R1 and Eclipse V2R1 1,282 7,814 Lectra USA Inc Invoice #2088721 - Software Evolution for VectorPilotT and VectorPilot Techtex V2R2 0 6,374 Wood Mfg Lectra USA Inc 848 848 GHI Magnum Venus Products - Supply Agreement. Choppers, sprayers and Gelcoaters Combined Balances 11,239 13,741 Genmar MI 960 960 Genmar MN 8,655 8,655 Genmar TN 0 2,502 Wood Mfg 1,624 1,624 GHI Marine Fasteners Inc - Supply Agreement. Stainless steel fasteners. Net 45 days Combined Balances 62,335 67,604 Genmar MI 23,595 23,595 Genmar MN 73 32 Genmar TN 3,528 3,713 Wood Mfg 35,139 40,265 GHI Marine Hardware - Combined Supply Agreement. Marine hardware and Asian sourcing. Net 45 Balances 440,096 453,846 Genmar MI 107,191 107,191 Genmar MN 143,089 143,089 Genmar TN 9,771 16,085 Wood Mfg 180,045 187,481 GHI Maxwells Marine Inc - Supply Agreement. Windless winches Combined Balances 0 0 GHI Norton - Combined Balances Corporate Supply Agreement - No activity 0 0 GHI Optronics Inc - Combined Supply Agreement Balances 53,504 53,853 Genmar MI 16,901 16,901 Genmar MN 102 102 Genmar TN 0 349 Wood Mfg 36,501 36,501 GHI OVC Fabrics - Combined Supply Agreement. Balances 0 0 GHI Syntec Industries LLC - Supply Agreement. Carpet, vinyl and graphics Combined Balances 161,307 163,100 Genmar MI 55,198 55,198 Genmar MN 40,215 40,215 Genmar TN 0 1,794 Wood Mfg 65,894 65,894 GHI Taco Metals - Combined Corporate Supply Agreement - No activity Balances 24,675 24,675 Genmar MI 19,230 19,230 Genmar MN 4,699 4,699 Genmar TN 0 (0) Wood Mfg 746 746 GHI Teleflex Marine a division of Supply Agreement. Supplier of serial gauges. Net 45 days. Teleflex - Combined Balances 183,906 207,815 Genmar MI 33,248 33,248 Genmar MN 30,265 30,510 Genmar TN 46,502 70,166 Wood Mfg 73,892 73,891 GHI Tesa Tape - Combined Corporate Supply Agreement - No activity Balances 0 0
Genmar Holdings Inc. TOTAL 4,587,728 5,661,646
Genmar - Schedule 1 5(a) - Cure Costs(1261842_2_DC) (2).XLS: Summary 11/27/2009: 7:17 PM Page 16 of 16
ASSET PURCHASE AGREEMENT SCHEDULE 2.3(a) –– NET WORKING CAPITAL DEFINITIONS
For the purposes of the Agreement, the following terms have the meanings set forth below:
Benchmark Adjusted Net Working Capital means $32,000,000.
Minimum Working Capital Threshold means $20,000,000.
- 81 - SCHEDULE 2.3(a) –– NET WORKING CAPITAL DEFINITIONS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 2.3(b) ––TEMPLATE FOR ADJUSTMENT BALANCE SHEET
See attached.
- 82 - SCHEDULE 2.3(b) –– TEMPLATE FOR ADJUSTMENT BALANCE SHEET DC\1260614.7 Genmar - Acquired Assets and Liabilities Working Capital
Total - (Amounts in $000) acquired Net working capital, as adjusted: business Ranger Cadillac Little Falls Murfreesboro GHI Genmar International Genmar Transportation Total - net working capital, as adjusted (a) -
Benchmark Adjusted Working Capital 32,000
Maximum Estimated Reduction Amount and Maximium Reduction Amount 8,000
Minimum Working Capital Threshold 20,000
Note to table: (a) For the avoidance of doubt, asset balances formerly recorded at GHI, to the extent pushed down to the Acquired Business through intercompany transactions, shall not be included in Estimated or Final Adjusted Net Working Capital.
Schedule 2.3(b) Genmar - Ranger Working Capital
(Amount in $000) GL Account #s (a) Ranger Current assets: Cash - Accounts receivable, net - Inventory, net - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued liabilities - Current portion of long term debt - Total liabilities - Net current assets (liabilities) - Less: Cash - Current portion of LTD - Net working capital, as reported - Adjustments: Excluded assets: Evenrude receivable - Excluded assets - Excluded liabilities: Pre-petition accounts payable 21450000 - Pre-petition accrued liabilities 25323000 - Less: amounts assumed Accrued warranty 25323 / 25100 - Accrued warranty credit - Accrued vacation 25323 / 22250 - Accrued general rebate expense 25323 / 23150 - Accrued premier rebates 25323 / 23300 - Accrued program interest 25323 / 23400 - Accrued ranger cup 25323 / 25321 - Accrued other dealer programs 25323 / 25329 - Less: total pre-petition amounts assumed - Net excluded pre-petition payables and accruals - Accrued legal 25250000 - FLW payable 25326000 - State sales tax payable 25400000 - County sales tax payable 25450000 - City tax payable 25475000 - Property taxes payable 25550000 - Excluded liabilities - - Other adjustments: Outstanding checks (b) - Warranty overaccrual (c ) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents general ledger accounts per Ranger's trial balance. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet. (c ) For the avoidance of doubt, the Company's warranty accrual will be equal to the Company's calculation under its historical methodology with no "general" reserve. Schedule 2.3(b) Genmar - Cadillac Working Capital
GL Account #s (a) Cadillac Current assets: Cash - Accounts receivable, net - Inventory, net - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued liabilities - Total current liabilities - Net current assets (liabilities) - Less: Cash - Net working capital, as reported - Adjustments: Excluded assets: AR Transition Wellcraft 122003 - AR Volvo / Merc Co-op 120003 - Excluded assets - Excluded liabilities: Pre-petition accounts payable 221010 - Pre-petition accrued expense 231571 / 231061 - Less: amounts assumed Four Winns dealer programs 231061 - Wellcraft dealer programs 231571 - Less: total pre-petition amounts assumed - Net excluded pre-petition payables and accruals - AP - Gmac Trucks 221008 - AP - Kubota Tractor 221009 - Accrued legal 234400 / 234410 - Accrued property taxes 233000 - Accrued sales taxes 233100 - Marketing reserve 234900 - Accrued groundwater assessment 233200 - Excluded liabilities - Other adjustements: Outstanding checks (b) - Warranty overaccrual (c ) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents general ledger accounts per Cadillac's trial balance. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet. (c ) For the avoidance of doubt, the Company's warranty accrual will be equal to the Company's calculation under its historical methodology with no "general" reserve.
Schedule 2.3(b) Genmar - Little Falls Working Capital
GL Account #s (a) Little Falls Current assets Cash - Accounts receivable - Inventory, net - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued expenses - Total current liabilities - Net current assets (liabilities) - Less: Cash - Net working capital, as reported - Adjustments: Excluded assets: Seaswirl receivables 1203 - Seaswirl finished goods 1505 - Seaswirl inventory - trailers 1525 - Seaswirl - customer service inventory 1552 - Seaswirl prepaid advertising 1653 - Fincraft receivables 1204 - Fincraft inventory 1506 - Fincraft prepaid advertising 1654 - Polaris receivables 1206 - Polaris inventories 1507 - Prepaid insurance 1600 - Excluded assets - Excluded liabilities: Pre-petition accounts payable 2010-C - Pre-petition accrued expenses 2030-C - Seaswirl AP accrual 2012 - Seaswirl accrued warranty 2302 - Seaswirl accrued special promos 2386 - Seaswirl accrued floorplan 2392 - Fincraft accrued warranty 2303 - Fincraft accrued floor plan 2394 - Accrued advertising 2270, 2271, 2272, 2273 - Accrued real estate taxes 2350 - Accrued legal /audit 2370 - Excluded liabilities - Other adjustments: Outstanding checks (b) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents general ledger accounts per the Little Falls trial balance. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet.
Schedule 2.3(b) Genmar - Murfreesboro Working Capital
GL Account #s (a) Murfreesboro Current assets Cash - Accounts receivable - Inventory, net - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued expenses - Total current liabilities - Net current assets (liabilities) - Less: Cash (b) - Net working capital, as reported - Adjustments: Excluded assets: Hydrasport GL transition (AR) 10296 - 3300 prior 7/1/09 10401 - 3300 repair labor 10400 - 3300 repair parts 10399 - Excluded assets - Excluded liabilities: Pre-petition accounts payable 2010000 - Pre-petition accrued expenses 2030000 - Hydrasport accrued warranty 20707, 20725 - Hydrasport accrued commissions 20511 - Hydrasport accrued floorplan 20616 - Hydrasport accrued CSI 20603 - Hydrasport accrued commitment att. 20604 - Hydrasport dealer rebates 20606 - Accrued property taxes 20225 - Accrued legal 20530, 20531 - Accrued taxes 20216, 20220, 20230 - Excluded liabilities - Other adjustments: Outstanding checks (b) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents accounts per the COGNOS detailed trial balances. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet.
Schedule 2.3(b) Genmar - Genmar Holdings Inc. Working Capital
GL Account #s (a) GHI Current assets: Cash - Accounts receivable - Inventory - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued expenses - Accrued income taxes - Current portion of long term debt - Total current liabilities - Net current assets (liabilities) - Less: Cash (b) - Accrued income taxes (c ) - Current portion of long term debt (c ) - Net working capital, as reported - Adjustments: Excluded assets: Accounts receivable - VEC 12110 - GE holdback - debt offset 12112 - AR Trade (f) 12140 - 13294 - Prepaid insurance 14210 - Excluded assets - Excluded liabilities: Pre-petition accounts payable 2010000 - Pre-petition accrued expenses 2030000 - Accounts payable (d) - Accrued liabilities (e) - Excluded liabilities - Other adjustments: None - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents accounts per the COGNOS detailed trial balances. (b) Cash balances are excluded from acquired assets. (c) All liabilities related to income taxes and indebtedness are excluded from the tranaction and, therefore, excluded from the calculaiton of working capital. (d) GHI Accounts payable are excluded liabilities. The excluded balance includes amounts related to dividends payable. (e) All GHI accrued liabilites are excluded from the transaction except for accrued payroll and accrued vacation related to acquired employees. To the extent any GHI employees are acquired, related payaroll and vacation liabilities will be included in closing working capital. (f) Management represented that trade receivables, other than those separately identified in this schedule, are non-operating in nature.
Schedule 2.3(b) Genmar - Genmar International Working Capital
GL Account #s (a) GI Current assets: Cash - Accounts receivable - Inventory (intercompany) - Prepaid expenses - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued expenses - Total current liabilities - Net current assets (liabilities) - Less: Cash - Net working capital, as reported - Adjustments: Excluded assets: None - Excluded assets - Excluded liabilities: Pre-petition accounts payable 2010000 - Pre-petition accrued expenses 2030000 - Accrued legal, audit and tax 23430 - Intercompany boat payables (to the brands) 21120 - Accrued brand programs (intercompany) 23100, 23101, 23102, 23103, 23108 - Excluded liabilities - Other adjustments: Outstanding checks (b) - Elimination of intercompany inventory (c) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents accounts per the COGNOS detailed trial balances. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet. (c) Sales are recorded from the facilities to Genmar International upon completion of production. The intercompany sale transaction and related assets are eliminated in consolidation. Since the consoliation eliminations are not contemplated in this schedule of working capital, the intercompany inventory is excluded from the calculation of working capital.
Schedule 2.3(b) Genmar - Genmar Transportation Inc. Working Capital
GL Account #s (a) GT Current assets: Cash - Accounts receivable - Inventory - Prepaid expenses (licenses & HVUT) - Total current assets - Current liabilities: Accounts payable - Pre-petition accounts payable - Accrued expenses - Pre-petition accrued liabilities - Current portion of long term debt - Total current liabilities - Net current assets (liabilities) - Less: Cash - Current portion of long term debt (c ) - Net working capital, as reported - Adjustments: Excluded assets: None - Excluded assets - Excluded liabilities: Pre-petition accounts payable 2010000 - Pre-petition accrued expenses 2030000 - Excluded liabilities - Other adjustments: Outstanding checks (b) - Other adjustments - Total adjustments - Net working capital, as adjusted -
Notes to table: (a) Represents accounts per the COGNOS detailed trial balances. (b) Represents net outstanding checks, which are included in the Benchmark Adjusted Working Capital and Adjusted Net Working Capital. Management represents that the outstanding checks are reflected as a reduction to cash in the reported balance sheet. (c) All liabilities related to indebtedness are excluded from the tranaction and, therefore, excluded from the calculaiton of Adjusted Net Working Capital.
Schedule 2.3(b)
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(e) –– CONSENTS
In addition to the consents specifically listed below, Sellers may be required to obtain consents under certain other Acquired Contracts in order to consummate the transactions contemplated by this Agreement.
GENMAR HOLDINGS, INC. GENMAR HOLDINGS, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support GE Comm Dist Finance ApS Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance BV Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Corp. Genmar CDF Master Factoring Agreement 09/08/06 $0 AB GE Comm Dist Finance Europe Genmar CDF Master Factoring Agreement Ltd GE Comm Dist Finance GmbH Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Oy Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance SAa Genmar CDF Master Factoring Agreement 09/08/06 $0 Great Plains Software Maintenance/License Agreement Lengert, Nichole Independent contractor agreement Marie Carla Labry Pelligrino Independent contractor agreement $0 Synaptec Software Inc Software License Agreement for Lawbase case 10/13/04 $0 management software. $17.3k for onetime purchase and one year of support for 6 concurrent users. TDCI Final Master Contract, Product License Agreement, 06/01/06 $5,000 Addendum A, Agreement for Professional Services, Attachment 1, Software Product License Agreement, Software Product License Agreement - all unsigned; Software Product License Schedule. BuyDesign configurator. 20 yr license $25k. $20% maint fee. Four Winns is the user. Ultimate Software Group Inc. Software Support Agreement. UltiPro payroll admin. 09/25/03 09/25/05 $0 Software. $25 per active employee. 2 yr agreement.
GENMAR INDUSTRIES, INC.
None.
GENMAR IP, L.L.C.
None.
GENMAR MICHIGAN, L.L.C. GENMAR MICHIGAN, L.L.C.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Cincinnati Time Systems Inc Software Support Agreement - Ultipro & Novatime 10/05/09 10/05/10 $2,795 Garelick Mfg Co Patent Infringement Agreement; Indemnity agreement. 07/28/08 Onetime Unknown Defense of any suit brought against Four Winns about by action related to the side mount table hardware. Global Technology Assoc Inc Software License. Internet Firewall. Multiple contract 01/30/06 01/29/10 $1,145 date, but last date is 1/29/2010
- 83 - SCHEDULE 4.1(e) –– CONSENTS DC\1260614.7
GENMAR MICHIGAN, L.L.C.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Hewlett-Packard Dev Co LP Maintenance Service Packs; ESX Server maintenance; 10/30/08 111/15/12 $0 HPS-Buy CL360G5 E5440 SAS Svr. Assume annual payment. Prepay. No contract. Mapics Inc Software License Agreement #A271505; Software 05/31/05 6 month $38,328 License Terms Addendum, Info Schedule #2. Syteline contract ERP software.
GENMAR MINNESOTA, INC. GENMAR MINNESOTA, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support CPS Technology Solutions Maintenance Agreements AS400. Service and 07/02/09 07/01/10 $3,214 maintenance of IBM equipment CPS Technology Solutions Inc Maintenance Agreement. Different mailing address 07/01/09 06/30/10 $1,082 from other CPS address. From Hamel, MN proximity, might be 24 hour local service Sage Software System Software/hardware support - Customer No 07/01/09 06/30/10 $674 35965615. Reclass represents a pre petition balance paid in July $674.
GENMAR TENNESSEE, INC. GENMAR TENNESSEE, INC.
Date of Term or Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Morris Brothers Inc. License Agreement. Royalty payments to be made quarterly less 01/01/04 5/31/05 with specified allowable expenses. automatic renewals of 1 year
GENMAR TRANSPORTATION, INC. GENMAR TRANSPORTATION, INC.
Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Daimler Chrysler Services Contract # 100-0090924 Trailer Lease Agreement: 10 11/23/02 10/23/09 $3,539 units 1D9BG482431208735; 1D9BG482631208736; 1D9BG482831208737; 1D9BG482X31208738; 1D9BG482131208739; 1D9BG482831208740; 1D9BG482X31208741; 1D9BG482131208742; 1D9BG482331208743; 1D9BG482531208744 Daimler Chrysler Services Contract # 100-0090926 Trailer Lease Agreement: 10 01/31/03 12/31/09 $3,539 units 1D9BG482731208745; 1D9BG482931208746; 1D9BG482031208747; 1D9BG482231208748; 1D9BG482431208749; 1D9BG482031208750; 1D9BG482231208751; 1D9BG482431208752; 1D9BG482631208753; 1D9BG482831208754
- 84 - SCHEDULE 4.1(e) –– CONSENTS DC\1260614.7
GENMAR TRANSPORTATION, INC.
Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Daimler Chrysler Services Contract # 100-0090927 Trailer Lease Agreement: 10 08/15/03 07/15/09 $3,599 units 1D9BG482641208818; 1D9BG482841208819; 1D9BG482441208820; 1D9BG482641208821; 1D9BG482841208822; 1D9BG482X41208823; 1D9BG482141208824; 1D9BG482341208825; 1D9BG482541208826; 1D9BG482741208827. Aug payoff amount estimated to be $67k. River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: 04/20/07 03/20/13 $816 Payment are made to 1D9BH482671609982. 1 Unit. Doonan Dropdeck boat Associated Bank trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Unit. Trailer: 04/10/07 03/10/13 $818 1D9BH482871609983. 1 Doonan Dropdeck boat trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Trailer: 05/20/07 06/20/13 $820 D9BH482271609235. 1 Unit. Doonan Dropdeck boat trailer.
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Aviva Sports Inc. (aka Toy Boat License Agreement. Motorized radio 06/10/08 5 years Shoremasters, Inc.) controlled Daimler Chrysler Services Freightliner lease 1FVHAWCK76LV94565 (A). Model: 07/22/05 7/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK96LV94566 (A). Model: 08/02/05 8/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK06LV94567 (A). Model: 09/20/05 9/2010 $1,608 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK27LY08606 (A). Model: 08/22/06 8/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08607 (A). Model: 09/06/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK67LY08608 (A). Model: 09/19/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year: 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK07LY08605 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK87LY08609 (A). Model: 01/16/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08610 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Forrest L. Wood License Agreement 07/01/87 $0 Nt'l Assoc Stock Car Racing License Agreement #LG02118.1 7/1/02 $0 Inc. Amendment #1 7/1/02 Amendment #2 2/2/05
- 85 - SCHEDULE 4.1(e) –– CONSENTS DC\1260614.7
- 86 - SCHEDULE 4.1(e) –– CONSENTS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(f) –– LITIGATION
GENMAR HOLDINGS, INC.
None.
GENMAR INDUSTRIES, INC.
OGC #93-4615 Order on Consent with Florida Department of Environmental Protection. Both Wellcraft Marine and Genmar Industries are named as parties to this order. This is the remediation project at the Plant 3/6 site associated with an acetone release. See also Schedule 4.1(k).
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
7/25/06 Listing of Cruiser Plant, Sport Plant, and Ingraham Property on the MDEQ’s Part 201 Site List related to potential residual soil contamination at these locations. See also Schedule 4.1(k).
Four Winns:
Hood, Robert v. Four Winns–warranty lawsuit in MI against FW and dealer, seeks revocation of acceptance/recission and refund of purchase price. Jablonowski v. Four Winns—warranty lawsuit v. FW in MO, seeks revocation of acceptance /rescission and refund of purchase price. Laidlaw v. Four Winns and TownCountry Marine—warranty action in Canada, seeks revocation of acceptance /rescission and refund of purchase price. Rhin Marine (Claude Sax) –subrogation notice on boat sinking in Europe valued. Cap Sud v. Four Winns, Volvo and local dealer—warranty action in French Island of Guadeloupe, revocation of acceptance /rescission and refund of purchase price and other damages. Vlasschaert v. Four Winns—warranty action in Canada seeking repairs revocation of acceptance /rescission and refund . Vondra v. Four Winns, Volvo and dealer—warranty action in CA, seeking revocation of acceptance /rescission and refund of purchase price and other damages fees. Wilson, Janice and Wilborn, Ronnie v. Four Winns (but actually an Glastron boat)—warranty action seeking revocation of acceptance /rescission and refund of purchase price and other damages/fees.
Wellcraft:
Collins, Randy v. Wellcraft and Evinrude–warranty lawsuit in FL against Wellcraft and engine co and seeks revocation of acceptance/rescission and refund of purchase price. Lawsuit v. Everset distributor in France: —distributor seeks indem from Wellcraft, because boat of purchaser DLB allegedly sank and distributor in France is being sued. Hoffberger—lawyer letter alleging warranty issues and seeking replacement of Wellcraft . - 87 - SCHEDULE 4.1(f) –– LITIGATION DC\1260614.7
Mc Mullen v. Anatronio v. Wellcraft: personal injury action in NY seeking damages from boat owner and from Wellcraft. Platz v. Wellcraft: warranty action in France seeks revocation of acceptance/rescission and refund of purchase price and other damages.
GENMAR MINNESOTA, INC.
U.S. Coast Guard Recall No. 060111T. This is a voluntary recall undertaken by Larson Boats. The recall campaign was initiated 12/7/06 and is still open.
Larson/Glastron:
Alvarez v. Larson Boats and Empire Marine: warranty lawsuit in CA against Larson and dealer , seeking revocation of acceptance/rescission and refund of purchase price. Carlson, Robert v. Glastron: breach of contract action by former employee. Llama, Juan v. Larson: threatened litigation by customer with warranty issues Rutan (State Farm) / Larson : subrogation claim arising from fire damage to Larson boat. Smith, Donald v. Larson: warranty lawsuit in NC against Larson, seeking revocation of acceptance/rescission and refund of purchase price. Trumpower v. Larson: personal injury action in FL seeking damages. Van Zadelhoff: threatened warranty lawsuit in UK against Larson, seeking revocation of acceptance/rescission and refund of purchase price.
GENMAR TENNESSEE, INC.
NHTSA Recall No. 06V-206. This is a voluntary recall undertaken by Stratos Boats and is related to certain trailers built by the company. The recall campaign was initiated 6/06 and is still open.
Champion:
Markiewicz, David v. Champion: warranty lawsuit in CA against Champion and engine co seeking revocation of acceptance/rescission and refund of purchase price and other damages.
Stratos:
Porto, Chad v. Stratos: warranty lawsuit in LA against Stratos and engine co seeking revocation of acceptance/rescission and refund of purchase price and other damages. Smith, Howard/State Farm: subrogation letter seeking payment of fire damages to boat and other property.
WOOD MANUFACTURING COMPANY, INC.
Consent Administrative Order #LIS89047 with the Arkansas Department of Pollution Control and Ecology for the Diaz Refinery Site. The company was identified as a PRP due to shipment of wastes to Diaz. The company settled as a de minimis party. See also Schedule 4.1(k).
U.S. Coast Guard Recall No. 080014S. This is a voluntary recall undertaken by Ranger Boats. The recall campaign was initiated 3/08 and is still open.
- 88 - SCHEDULE 4.1(f) –– LITIGATION DC\1260614.7
U.S. Coast Guard Recall No. 060102T. This is a voluntary recall undertaken by Ranger Boats. The recall campaign was initiated 11/06 and is still open.
NHTSA Recall No. 05V-040. This is a voluntary recall undertaken by Ranger Boats and is related to certain trailers built by the company. The recall campaign was initiated 2/05 and is still open.
NHTSA Recall No. 07V-236. This is a voluntary recall undertaken by Ranger Boats and is related to certain trailers built by the company. The recall campaign was initiated 6/07 and is still open.
Rapp, Wm. v Wood Mfg: personal injury action by truck driver injured on Wood Mfg. factory premises. Rushing, Ronnie/State Farm: subrogation letter for fire damage to Ranger boat and other property. Young, David v. Wood Mfg. and BMS: personal injury action against Ranger and component supplier.
GENMAR TRANSPORTATION, INC.
Hull, Shiela v. GTI: personal injury action in MI by auto driver and passenger, who collided in intersection with GTI vehicle.
- 89 - SCHEDULE 4.1(f) –– LITIGATION DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(g)(ii) –– SUFFICIENCY OF ASSETS
None.
- 90 - SCHEDULE 4.1(g)(ii) –– SUFFICIENCY OF ASSETS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(i)(a) –– VALID USE AND OWNERSHIP OF INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None.
GENMAR MINNESOTA, INC. Genmar Minnesota, Inc. is using IP licensed to it by VEC Technology LLC pursuant to the (i) VEC Cell Lease and (ii) VEC Cell Intellectual Property Lease Agreement and may be in breach of such agreements due to non- payment.
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 91 - SCHEDULE 4.1(h)(i)(a) –– VALID USE AND OWNERSHIP OF INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(i)(b) –– OVERDUE FEES IN RESPECT OF ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 92 - SCHEDULE 4.1(h)(i)(b) –– OVERDUE FEES IN RESPECT OF ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(i)(c) –– RIGHTS TO ACQUIRED INTELLECTUAL PROPERTY
Jacobs Management Corporation owns an interest in the Acquired Intellectual Property set forth below, which will be assigned to Sellers pursuant to the Website, Software, Hardware and Data Transfer Agreement entered into by and between Sellers and Jacobs Management Corporation (see Section 5.1(e) of the Agreement), and assigned to Buyer as an Acquired Contract (see Schedule 1.1(d)).
GENMAR HOLDINGS, INC.
GENMAR HOLDINGS, INC.
Commercial/ Database Server Process Vendor Package Version Proprietary Platform Platform Age (yrs)
hosted / Dealer Extranet JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Parts Ordering JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Warranty JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Dealer Dashboard JII IIS/Flex/SQL n/a custom MS SQL Windows 2003 3
commercial / Corporate Reporting JII Qlikview/SQL n/a custom MS SQL Windows 2003 3
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
GENMAR MICHIGAN, L.L.C.
Application S/W Vendor Age Release Source O.S. Database #Users Dealer Extranet 5 years n/a Proprietary Windows Server MS SQL 175 Warranty Tracking 2 years n/a Proprietary Windows Server MS SQL 12
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
- 93 - SCHEDULE 4.1(h)(i)(c) –– RIGHTS TO ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Data Application Vendor Years Version Type Hardware Platform Base Users In-House Parts Ordering/Tracking In-House 3 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited
GENMAR TRANSPORTATION, INC.
None
- 94 - SCHEDULE 4.1(h)(i)(c) –– RIGHTS TO ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(ii)(a) –– NON-COMPLIANCE WITH ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
See Schedule 4.1(h)(i)(a)
GENMAR MINNESOTA, INC.
See Schedule 4.1(h)(i)(a)
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 95 - SCHEDULE 4.1(h)(ii)(a) –– NON-COMPLIANCE WITH ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(ii)(b) –– UNAUTHORIZED USE OF ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 96 - SCHEDULE 4.1(h)(ii)(b) –– UNAUTHORIZED USE OF ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(ii)(c) –– CONFLICTS RELATED TO ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 97 - SCHEDULE 4.1(h)(ii)(c) –– CONFLICTS RELATED TO ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(ii)(d) –– CLAIMS RELATED TO ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
See Schedule 4.1(h)(i)(a)
GENMAR MINNESOTA, INC.
See Schedule 4.1(h)(i)(a)
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 98 - SCHEDULE 4.1(h)(ii)(d) –– CLAIMS RELATED TO ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(ii)(e) –– NOTICES RELATED TO ACQUIRED INTELLECTUAL PROPERTY
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 99 - SCHEDULE 4.1(h)(ii)(e) –– NOTICES RELATED TO ACQUIRED INTELLECTUAL PROPERTY DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(h)(iii) –– LICENSES GRANTED BY SELLERS
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
GENMAR MICHIGAN, L.L.C.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Garelick Mfg Co Patent Infringement Agreement; Indemnity agreement. 07/28/08 Onetime Unknown Defense of any suit brought against Four Winns about by action related to the side mount table hardware.
GENMAR MINNESOTA, INC.
GENMAR MINNESOTA, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support VEC Technology LLC VEC Cell Lease; VEC Cell Intellectual Property Lease 07/01/04 06/30/11 $14,597.5 base Agreement. rent plus lb fee
GENMAR TENNESSEE, INC. GENMAR TENNESSEE, INC.
Date of Term or Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Morris Brothers Inc. License Agreement. Royalty payments to be made quarterly less 01/01/04 5/31/05 with specified allowable expenses. automatic renewals of 1 year
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Date of Term or Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Aviva Sports Inc. (aka Toy Boat License Agreement. Motorized radio controlled 06/10/08 5 years Shoremasters, Inc.) Cabela's Marketing & Brand Marketing Agreement. Cross-brand merchandise promotions. 05/07/09 2 yr term ended
- 100 - SCHEDULE 4.1(h)(iii) –– LICENSES GRANTED BY SELLERS DC\1260614.7
WOOD MANUFACTURING COMPANY, INC.
Date of Term or Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Management 12/31/09 Kudzu Licensing rights to produce and sell Ranger branded clothing & merchandise MBNA America Bank NA Affinity Agreement Operation Bass Inc. Sponsorship agreement 01/01/08 12/31/09
GENMAR TRANSPORTATION, INC.
None
- 101 - SCHEDULE 4.1(h)(iii) –– LICENSES GRANTED BY SELLERS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY
GENMAR HOLDINGS, INC. GENMAR HOLDINGS, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Lectra USA Inc. Hardware, Software and CAD-CAM solutions. 03/17/03 03/16/06 Qwest Communications Co LLC Qwest Total Advantage Agreement 03/24/09 03/23/12 $5,000 Synaptec Software Inc Software License Agreement for Lawbase case 10/13/04 $0 management software. $17.3k for onetime purchase and one year of support for 6 concurrent users. TDCI Final Master Contract, Product License Agreement, 06/01/06 $5,000 Addendum A, Agreement for Professional Services, Attachment 1, Software Product License Agreement, Software Product License Agreement - all unsigned; Software Product License Schedule. BuyDesign configurator. 20 yr license $25k. $20% maint fee. Four Winns is the user. Time Warner Telecom Data T1; 3 yr contract ($850). 09/14/07 $1,360 Time Warner Telecom Voice T1 3 yr contract ($510). 09/14/07 $1,360 Ultimate Software Group Inc. Software Support Agreement. UltiPro payroll admin. 09/25/03 09/25/05 $0 Software. $25 per active employee. 2 yr agreement.
GENMAR HOLDINGS, INC.
Critical Business Applications Matrix Commercial/ Database Server Process Vendor Package Version Proprietary Platform Platform Age (yrs)
Accounting Microsoft Great Plains Enterprise 8.5 commercial MS SQL 2000 Windows 2000 8 GL commercial MS SQL 2000 Windows 2000 8 AP commercial MS SQL 2000 Windows 2000 8 AR commercial MS SQL 2000 Windows 2000 8 SOP commercial MS SQL 2000 Windows 2000 8 Reporting (Finance, Intl) n/a SQL / Cold Fusion n/a proprietary MS SQL 2000 Windows 2000 3
commercial / Financials / Reporting Cognos 8.5 custom SUN Server Windows 2003 6 Financials / Reporting Excel 2003 commercial n/a n/a 8 Asset Management FAS FAS Asset Accounting 2009.1 commercial MS SQL 2000 Windows 2000 10 HR & Payroll UltiPro UltiPro Payroll n/a hosted MS SQL n/a 3
hosted / Dealer Extranet JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Parts Ordering JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Warranty JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3
hosted / Dealer Dashboard JII IIS/Flex/SQL n/a custom MS SQL Windows 2003 3
- 102 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
GENMAR HOLDINGS, INC.
commercial / Corporate Reporting JII Qlikview/SQL n/a custom MS SQL Windows 2003 3 Electronic Mail Microsoft Exchange 2003 2003 commercial n/a Windows 2003 8 Records Mgmt Tower Software Trim 5.1 SP6 commercial MS SQL 2000 Windows 2003 8
commercial / Legal Records Synaptec Software Lawbase v10 custom MS SQL 2000 Windows 2000 5
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C. GENMAR MICHIGAN, L.L.C.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Charter Business Solutions Internet Service Agreement. Contract says $155 / 10/10/05 10/10/10 $150 month. Cincinnati Time Systems Inc Software Support Agreement - Ultipro & Novatime 10/05/09 10/05/10 $2,795 Corecomm Internet Service Inc Dedicated Internet Access Agreement. Per Four None Month to month $500 Winns, No contract on file Global Technology Assoc Inc Software License. Internet Firewall. Multiple contract 01/30/06 01/29/10 $1,145 date, but last date is 1/29/2010 Hewlett-Packard Dev Co LP Maintenance Service Packs; ESX Server maintenance; 10/30/08 111/15/12 $0 HPS-Buy CL360G5 E5440 SAS Svr. Assume annual payment. Prepay. No contract. Mapics Inc Software License Agreement #A271505; Software 05/31/05 6 month $38,328 License Terms Addendum, Info Schedule #2. Syteline contract ERP software. Sage FAS Fixed Asset Management Software. Support Plus Unknown 11/11/09 $0 Contract (Software) Expires 11/11/09. Assume contact was prepaid.
GENMAR MICHIGAN, L.L.C.
Application S/W Vendor Age Release Source O.S. Database #Users
Syteline ERP - All financials, S.O. Mgmt., Credit, Forecasting, MRP, Inventory Control, Mfg., Distribution, Purchasing & Reporting Infor 2 years 7.04.30 Commercial Windows Server MS SQL 88 Quality Assurance 2 years n/a Proprietary Windows Server MS SQL 10 Warranty Tracking 2 years n/a Proprietary Windows Server MS SQL 12 Dealer Extranet 5 years n/a Proprietary Windows Server MS SQL 175 Environmental 2 years n/a Proprietary Windows Server MS SQL 5 Time & Attendance Cincinnati Time 4 years R4 (SP5) Commercial Windows Server MS SQL 75 H.R./Payroll Ulti-Pro 5 years 10.3 Commercial Hosted Hosted 5 Fixed Assets Sage FAS 7 years V2009 Commercial Windows PC Prop. 2
- 103 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
GENMAR MICHIGAN, L.L.C.
Application S/W Vendor Age Release Source O.S. Database #Users Eng. Design (Pro-Engineer) PTC 10 years Wildfire 3.4 Commercial Windows Server Intralink 10 Engineering Changes 12 years n/a Proprietary Windows Server MYSQL 10 Groupwise Email Novell 12 years 6.5 Commercial Novell Server Prop. 125
GENMAR MINNESOTA, INC. GENMAR MINNESOTA, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support CPS Technology Solutions Maintenance Agreements AS400. Service and 07/02/09 07/01/10 $3,214 maintenance of IBM equipment CPS Technology Solutions Inc Maintenance Agreement. Different mailing address 07/01/09 06/30/10 $1,082 from other CPS address. From Hamel, MN proximity, might be 24 hour local service Lectra USA Inc Invoice #2088721 - Software Evolution for VectorPilotT 07/01/09 06/30/10 $6,532 and VectorPilot Techtex V2R2 Sage Software System Software/hardware support - Customer No 07/01/09 06/30/10 $674 35965615. Reclass represents a pre petition balance paid in July $674. TimeTrak Systems System Software/hardware support 04/28/08 06/01/09 $4,795
GENMAR MINNESOTA, INC.
Commercial vs. Application # of Application Proprietary Vendor Name Ver/Release Platform Database users Age Affiliated Computer Government General Ledger Commercial Services Inc. Financial 6.74 AS400 Unlimited Affiliated Computer Government Accounts Payable Commercial Services Inc. Financial 6.74 AS400 Unlimited Accounts Receivable Proprietary AS400 DB2 Unlimited FAS 100 Asset Asset Management Commercial Sage Software Accounting 2008.1.1 Windows 1 Sales Order Proprietary AS400 DB2 Unlimited Dealer Management Proprietary AS400 DB2 Unlimited Demand Forecasting Proprietary AS400 DB2 Unlimited Purchasing Proprietary AS400 DB2 Unlimited Inventory Management Proprietary AS400 DB2 Unlimited Dist/Warehouse Management Proprietary AS400 DB2 Unlimited Manufacturing Proprietary AS400 DB2 Unlimited Reporting Proprietary AS400 DB2 Unlimited Sequel/ Viewpoint/ AS400/Win Reporting Commercial Help Systems Abstract/Esend 5.7.180 dows 3 Quality Control Commercial Proquis Windows Environmental Proprietary AS400 DB2 Unlimited Plant & Equipment Maintenance Health & Safety Time & Attendance Commercial Midformation Time-Trak 9 Windows 1 Human Resources/Payroll Commercial Ultimate Software UltiPro 10.3 Windows 1
- 104 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
GENMAR MINNESOTA, INC.
Commercial vs. Application # of Application Proprietary Vendor Name Ver/Release Platform Database users Age Cognos Reporting for Payroll Imprompto 7.1.724.0 Windows 1 R & D Engineering Commercial Siemens PLM NX/Ideas 5m1 Windows 3 Commercial AutoDesk AutoCAD 2002 Windows N/A 2 Gerber Fabric Pattern Cutting Commercial Technology Cutter Family 3.0.305 Windows N/A 2 Commercial Lectra Windows N/A 2 Gerber AccuMark Fabric Pattern Design Commercial Technology Family 8.2.2 Windows N/A 2 Wood Pattern Design Commercial Komo/CIM-Tech Router-CIM Windows N/A 1
GENMAR TENNESSEE, INC. GENMAR TENNESSEE, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support ACE Applied Computer Salute Software - Warranty system software. 6 months 07/01/09 06/30/11 $2,400 Excellence Inc. for $2,400. New invoice dated 4/18/09 extends period for 12 months at the same price. Mapics Inc. Syteline ERP system. The Software License 09/10/04 09/09/07 Then $22,930 Agreement; Schedule No 1, 3 & 6 Agreement Year to year #A242904; Addendum 1 The Software License Agreement. See Infor. User count increased, hence larger payment than contract $ amount. Siemens Product Lifecycle Software Maintenance. NX Mach 3 Industrial Design 09/11/08 10/31/09 $3,776 Mgmt Siemens Product Lifecycle Software Maintenance $0 Mgmt. See above in Florida Section XO Communications Svcs Inc. Service Order Agreement - 2 yr contract 04/09/08 04/08/10 $466
GENMAR TENNESSEE, INC.
Number of Years in Release Commercial Hardware & Operating Database Core Operating Process Vendor Production Level vs Proprietary System Platform Users Financials Infor 3 7.04.11 Commercial DELL Poweredge 2800 Microsoft Transactional / Windows 2000 SQL Server 42 / Advanced Server 2000 v.8 Configurator 43 / Automation 3 General Ledger Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Accounts Payable Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Accounts Receivable Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3
- 105 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
GENMAR TENNESSEE, INC.
Number of Years in Release Commercial Hardware & Operating Database Core Operating Process Vendor Production Level vs Proprietary System Platform Users Inventory Management Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Purchasing Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Sales Order Management Infor 3 7.04.11 Commercial DELL Poweredge 2800 SQL 2000 Transactional / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Product Configuration Infor / 3 3.1 Commercial DELL Poweredge 2800 SQL 2000 Transactional Trilogy / Windows 2000 v.8 42 / Advanced Server Configurator 43 / Automation 3 Production Reporting SAP 3 Crystal Commercial HP dc7100 Workstation N/A 1 User / Business Reports / Windows XP Developer Objects 9.2.2.634 Workstation/Reports Stored On Syteline Middle Tier Server/Domain Controller Asset Management Best 10 FAS Commercial HP dc7100 Workstation N/A 1 User Software / (Fixed / Windows XP FAS / Sage Asset Workstation / Data Managem Stored on File Server / ent) v. Dell Poweredge 2009.1 2800/Windows 2000 Advanced Server Management Reporting SAP 3 Crystal Commercial HP dc7100 Workstation N/A 1 User / Business Reports / Windows XP Developer Objects 9.2.2.634 Workstation / Data Stored on File Server / Dell Poweredge 2800/Windows 2000 Advanced Server Research & Development Email Microsoft 3 Exchange Commercial DELL Poweredge 2900 Exchange / Outlook / Windows 2003 Server 2003 Engineering Solid Works Warranty Claims System PHP/SQL 3 Proprietary Compaq Proliant 3000 / SQL 2000 N/A Based Web Windows NT 4 Server/ v.8 Application Dell Poweredge 2800/ Windows 2000 Advanced Server
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support DP Technology Corporation SMC Renewal – Software maintenance contract. 03/01/09 2/2010 $1,510 License E4314000 and E4314001. Prior year contracts are on file. Ranger inputted current year data. Lectra Proposal New Power Plus Contracts - Annual 07/17/09 7/2010 $20,654
- 106 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
WOOD MANUFACTURING COMPANY, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support maintenance agreement. CAD software
WOOD MANUFACTURING COMPANY, INC.
Data Application Vendor Years Version Type Hardware Platform Base Users General Ledger Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Accounts Payable Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Accounts Receivable Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Fixed Asset Management Sage FAS 8 V2009.1.1 Commercial PC 3 Management Reporting Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Sales Order Management Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Authorized Dealer Management and Rep N/A N/A N/A N/A N/A N/A N/A Research & Development N/A N/A N/A N/A N/A N/A N/A TC Eng Teamcenter Engineering UGS 4 9.1.6 Commercial Dell PowerEdge 6800 Oracle 30 Concurrent Demand Forecasting N/A N/A N/A N/A N/A N/A N/A Purchasing Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Manufacturing Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Quality N/A N/A N/A N/A N/A N/A N/A Inventory Management Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Distribution/Warehouse Management Infor 10 PRMS v9.1 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 80 Concurrent Plant & Equipment Maintenance N/A N/A N/A N/A N/A N/A N/A Environmental N/A N/A N/A N/A N/A N/A N/A Health & Safety N/A N/A N/A N/A N/A N/A N/A 1000 Time & Attendance Kronos 10 v4 Commercial IBM iSeries 810, i5OS v5.3 IBM DB2 employees Human Resources/Payroll UltiPro 5 Commercial Web Based 3 In-House Warranty Registration In-House 2 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited In-House Warranty Claims In-House 2 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited In-House Parts Ordering/Tracking In-House 3 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited Service Department Work In-House Orders In-House 1 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited In-House Dealer Field Inventory In-House 1 "iNet" Proprietary IBM iSeries 810, i5OS v5.3 IBM DB2 Unlimited
Network Related Server Active Directory Microsoft 10 2003 Commercial HP ML 350 N/A 180 Server Exchange Microsoft 10 2003 Commercial HP ML 350 N/A 180 NX Engineering UGS 4 5 Commercial Dell PowerEdge 6800 N/A 5 Concurrent 200 Web Security Websense 2 v7 Commercial Dell Precision 650 N/A Concurrent Enpoint Security Symantec 7 11 Commercial Dell Precision 650 N/A 160 Windows XP Microsoft 5 SP3 Commercial N/A N/A 160 Windows 2000 Microsoft 9 SP4 Commercial N/A N/A 20
- 107 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7
Genmar Transportation Load Tracking Commercial McLeod LoadMaster 7.5.3 Windows MS SQL Vehicle Maintenance Commercial SquareRigger Square Rigger 7 Windows MS SQL Log Tracking Commercial Eclipse Software Rapid Log 6 Windows
OTHER
See attached schedule of software development and maintenance services provided by Jacobs Interactive (an operating unit of Jacobs Management Corporation) to the Acquired Businesses.
- 108 - SCHEDULE 4.1(i) –– INFORMATION TECHNOLOGY DC\1260614.7 Critical Business Applications Matrix Revised : 11-23-09
Commercial/P Database Server 3rd Party SW Process Vendor Package Version roprietary Platform Platform Age (yrs) HW Lic. Custom Apps Data
(1) Accounting Microsoft Great Plains Enterprise 8.5 commercial MS SQL 2000 Windows 2000 8 Company/JMC Company Company Company/JMC GL commercial MS SQL 2000 Windows 2000 8 Steve Zollo: AP commercial MS SQL 2000 Windows 2000 8 Data: AR commercial MS SQL 2000 Windows 2000 8 Separation to be completed post-Close for SOP commercial MS SQL 2000 Windows 2000 8 Accounting, Asset Management, HR & Payroll, Electronic Mail, Records Management and Legal commercial / Records. (2) Financials / Reporting Cognos 8.5 custom SUN Server Windows 2003 6 Company/JMC Company Company Company
(3) Financials / Reporting Excel (Microsoft?) Excel? 2003 commercial n/a n/a 8 n/a n/a Company Company Steve Zollo: Licenses: (4) Asset Management FAS FAS Asset Accounting 2009.1 commercial MS SQL 2000 Windows 2000 10 Company/JMC Company n/a Company/JMC - JMC to transfer (X) licenses to GHI at Close (proportional) (5) HR & Payroll UltiPro UltiPro Payroll n/a hosted MS SQL n/a 3 n/a Company Company Company/JMC - GHI to transfer (X) licenses to JMC at Close (proportional) hosted / (6) Dealer Extranet JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3 JMC JMC JMC/Company Company hosted / Steve Zollo: Parts Ordering JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3 JMC JMC JMC/Company Company Hardware: hosted / JMC and GHI agree to split hardware associated Warranty JII IIS/Cold Fusion/SQL n/a custom MS SQL Windows 2003 3 JMC JMC JMC/Company Company with support of corporate infrastructure including hosted / Accounting, Financials/Reporting, Asset Dealer Dashboard JII IIS/Flex/SQL n/a custom MS SQL Windows 2003 3 JMC JMC JMC/Company Company Management, Electronic Mail, Records Mgmt and commercial / Legal Records. Asset value to be proportionally Corporate Reporting JII Qlikview/SQL n/a custom MS SQL Windows 2003 3 JMC Company JMC/Company Company shared. Reporting (Finance, Intl) n/a SQL / Cold Fusion n/a proprietary MS SQL 2000 Windows 2000 3 JMC JMC JMC/Company Company Steve Zollo: (7) Electronic Mail Microsoft Exchange 2003 2003 commercial n/a Windows 2003 8 Company/JMC JMC n/a Company/JMC JMC will agree to provide TSA services to GHI for a period not to exceed 6 months. JMC and GHI will (8) Records Mgmt Tower Software Trim 5.1 SP6 commercial MS SQL 2000 Windows 2003 8 Company/JMC Company n/a Company/JMC work together to develop an apporpriate separation commercial / plan to faciliate the actions noted above. (9) Legal Records Synaptec Software Lawbase v10 custom MS SQL 2000 Windows 2000 5 Company/JMC Company Company/JMC Company/JMC
GL information is forwarded from individual companies via FTP. Data is imported into Cognos & Combined for reporting purposes. Data is also imported into IIS/Cold Fusion/SQL for reporting purposes.
Planned IT Projects (future items - these projects are not presently underway) Upgrade SQL 2000 Server to SQL 2008 Upgrade to Great Plains Enterprise to v10.5 Consolidation and upgrade of existing servers (server and desktop virtualization) Storage consolidation and upgrade (capacity, storage area network) Upgrade of network security infrastructure (firewalls, logging) Email Archiving Update DR/BR plans to reflect infrastructure changes Upgrade Desktop Software and Configuration (VDI)
Genmar Holdings, Inc. ## Business Confidential ## 11/27/2009
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(j) –– PERMITS
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C. Permit ID Agency or Authority Type of Permit Expiration Date MI-ROP-N1470-2006 Michigan Department of Air permit - operating permit for Sport Plant - 7/7/2011 Environmental Quality Engineering Plant
Permit to Install 313-08 Michigan Department of Air permit - permit to install Sport Plant N/A Environmental Quality
MI-ROP-N1328-2006 Michigan Department of Air permit - operating permit for Cruiser Plant 7/7/2011 Environmental Quality
Permit to Install 101-07A Michigan Department of Air permit - expansion of Cruiser Plant N/A Environmental Quality
Permit to Install 387-07 Michigan Department of Air Permit - Relocation of cabinetry to new facility N/A Environmental Quality
MIS310301 Michigan Department of Storm Water - coverage under general permit for Sport 4/1/2013 Environmental Quality Plant Facility
MIS310296 Michigan Department of Storm Water - coverage under general permit for 4/1/2013 Environmental Quality Cruiser Plant Facility
590-07 City of Cadillac Industrial Wastewater Discharge Permit - Cruiser 12/31/2010 590-08 City of Cadillac Industrial Wastewater Discharge Permit - Sport 12/31/2010 590-09 City of Cadillac Industrial Wastewater Discharge Permit - Trailer 12/31/2010 MID079275160 Michigan Department of Hazardous Waste Generator ID - Sport N/A Environmental Quality
MID985567015 Michigan Department of Hazardous Waste Generator ID - Cruiser N/A Environmental Quality
MID985567551 Michigan Department of Hazardous Waste Generator ID - Small Parts N/A Environmental Quality
MIK228459426 Michigan Department of Hazardous Waste Generator ID - Cabinetry N/A Environmental Quality
MID985567023 Michigan Department of Hazardous Waste Generator ID - Trailer N/A Environmental Quality
071309 003 008R U.S. DOT Hazardous Materials Certificate of Registration 6/30/2010 C0085956 Michigan Department of Aboveground Storage Tank Registrations 9/30/2010 Environmental Quality
- 109 - SCHEDULE 4.1(j) –– PERMITS DC\1260614.7
Permit ID Agency or Authority Type of Permit Expiration Date C0092453 Michigan Department of Aboveground Storage Tank Registrations 11/30/2009 Environmental Quality
GENMAR MINNESOTA, INC. Permit ID Agency or Authority Type of Permit Expiration Date 09700025-006 Minnesota Pollution Control Air - Operating Permit 5/27/2009 (Note: Agency renewal application submitted in 11/2008) MNG610000 Minnesota Pollution Control Stormwater Permit 10/31/2002 (Note: Agency Operation has been under existing permit. New permits to be issued after March 2010) MNT280010984 Minnesota Pollution Control Hazardous Waste Generator ID N/A Agency UPR-1108704-MN Minnesota Department of Hazardous Materials Shipper Certificate of Registration 8/16/2010 Transportation 060208 001 011Q U.S. DOT Hazardous Materials Shipper Certificate of Registration 6/30/2010
Various Minnesota Pollution Control Aboveground Storage Tank Registrations N/A Agency Various Minnesota Pollution Control Aboveground Storage Tank Registrations N/A Agency
GENMAR TENNESSEE, INC. Permit ID Agency or Authority Type of Permit Expiration Date 548528 Tennessee Department of Air operating permit 2/3/2008 (Note: Environment and Conservation application for renewal submitted by 8/7/07) Draft 561168 Tennessee Department of Draft of renewal of Air operating permit Draft of renewal Environment and Conservation received 6/5/09 and is still being worked on TNR051134 Tennessee Department of Stormwater permit 5/14/2009 (Note: Environment and Conservation Renewal NOI submitted on 10/29/09) TND987766508 Tennessee Department of Hazardous Waste Generator ID N/A Environment and Conservation 070109 551 016R U.S. DOT Hazardous Materials Shipper Certificate of Registration 6/30/2010
WOOD MANUFACTURING COMPANY, INC. Permit ID Agency or Authority Type of Permit Expiration Date 0979-AOP-R4 Arkansas Department of Air operating permit 4/5/2010 (Note: Environmental Quality renewal submitted 10/1/09) ARR00A663 Arkansas Department of Stormwater permit Note: the issuance of Environmental Quality this general sector permit has been appealed. Coverage under this permit is stayed pending resolution. Coverage reverts back to the previous general permit in the interim. ARD046142956 Arkansas Department of Hazardous Waste Generator ID N/A Environmental Quality
062609 004 023R U.S. DOT Hazardous Materials Shipper Certificate of Registration 6/30/2010
- 110 - SCHEDULE 4.1(j) –– PERMITS DC\1260614.7
45001616 Arkansas Department of Aboveground Storage Tank Registration Annual Renewal Environmental Quality
GENMAR TRANSPORTATION, INC. Permit ID Permit Type General Purpose 115969 U.S. Dot Number U.S. Department of Transportation Operating Authority MC-216241 MC Number Federal Motor Carrier Safety Administration Authority for interstate operations 34326942 IRP Permit Minnesota base plate (IRP apportioned) registration MN412013073-281 IFTA Permit International Fuel Tax Agreement Permit 2007500154313 Unified Carrier Registration Unified Carrier Registration TRIP SPECIFIC Over Dimensional Permits Trip specific permits purchased at time of load movement – one- time use N/A Amber Light Permits Georgia and Nevada fleet permits for operation of amber lights 286056 Oregon Weight and Tax Identifier Weight receipt and tax identifier for Oregon 724690 New York Fuel Tax Fuel Tax Permit for New York 0226842 California Motor Carrier Permit Non-expiring Motor Carrier Permit for California 006192221C Texas Motor Carrier Certificate of Registration State of Texas DOT Motor Carrier Certificate of Registration TRUCK SPECIFIC New Mexico Tax Permit State of New Mexico Taxation and Revenue Dept. Motor Vehicle Division Permit A55903 British Columbia, Canada British Columbia Transportation Operating Authority 219649357 Alberta, Canada Alberta Transportation Operating Authority 101027573 Saskatchewan, Canada Saskatchewan Transportation Operating Authority 4452659 Manitoba, Canada Manitoba Transportation Operating Authority 1506307 Ontario, Canada Ontario Transportation Operating Authority 1160478740 Quebec, Canada Quebec Transportation Operating Authority 077973 New Brunswick, Canada New Brunswick Transportation Operating Authority N/A Maritime Provinces, Canada Maritime Provinces Transportation Operating Authority
- 111 - SCHEDULE 4.1(j) –– PERMITS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(k) –– ENVIRONMENTAL MATTERS
Genmar Industries, Inc.
Soil and groundwater conditions associated with OGC #93-4615 Order on Consent with FDEP. Both Wellcraft Marine and Genmar Industries are named as parties to this order. This is the acetone remediation project at the Plant 3/6 site.
FDEP Warning Letter and Consent Order (FDEP OGC File No. 07-0667) – Air Permit Violations (resolved).
FDEP Warning Letter (5/22/07) and Consent Order (FDEP OGC File No. 07-1178) – Hazardous Waste Violations (resolved).
EPA Clean Air Act Compliance Order (CAA-04-2008-1797) – 4/30/08. EPA alleged that it did not receive the Statement of Compliance for 2006. The document was sent on 5/21/08. EPA provided verbal confirmation that the matter was considered to be closed upon receipt of the requested document.
Genmar Michigan, Inc.
The company makes annual payments under the special tax assessments of the Cadillac Local Development Financing Authority (area-wide groundwater remediation project), Northernaire/Kysor sites.
Potential future liabilities associated with the 1997 Consent Decree between Four Winns and the U.S. (on behalf of USEPA).
Potential future liabilities associated with the 1994 Consent Decree between Four Winns and Michigan and MDNR (now known as MDEQ).
7/25/06 Listing of Cruiser Plant, Sport Plant, and Ingraham Property on the MDEQ’s Part 201 Site List related to potential residual soil contamination at these locations.
8/14/07 MDEQ Letter of Warning, Hazardous Waste Generation Inspections, Sport Boat and Cruiser Boat Plants. Four Winns replied (8/27/07) and MDEQ responded 9/7/07 that violations were corrected.
9/17/08 Letter of Violation, Air Permit Violation. Four Winns responded 10/13/08. To date, no enforcement action has been taken by MDEQ.
Wood Manufacturing, Inc.
Potential future cash call, associated with the Consent Administrative Order #LIS89047 for Diaz Refinery. The company settled as a de minimis party.
The 12/15/08 USEPA Compliance Evaluation Inspection listed some areas of concern observed by EPA in an April 2008 inspection. To date, no enforcement actions have been taken by EPA.
Genmar Tennessee, Inc.
- 112 - SCHEDULE 4.1(k) –– ENVIRONMENTAL MATTERS DC\1260614.7
The semi-annual report for the 2nd half of 2008 was not submitted within 60 days after the 6-month period ending 12/31/08 which was a violation of Condition E2 of the air permit. The report was submitted 4/22/09. No enforcement action has been taken to date by TDEC.
Case No. 05-C138/06-0376. TDEC issued a Notice of Violation (1/24/05) alleging non-compliance with the air permit (resin used for warranty repairs contained styrene in concentration exceeding permit limit for production resins). 6/9/06 Order and Assessment of Penalty issued by TDEC. TDEC reconsidered and issued a Notice of Voluntary Dismissal on 8/16/06. No penalties were required to be paid.
Case No. 06-C423. TDEC issued a Notice of Violation (3/20/06) alleging non-compliance with the air permit (alleged that the company allowed the use of a coating used in the trailer plant that exceeded the VOC limit). The NOV was later withdrawn and a different Notice of Violation (6/26/06) alleging non-compliance for failure to maintain adequate records regarding the trailer coating in question under the previous NOV. An Order and Assessment of Penalty was issued by TDEC (10/17/06) and the company paid $2,000 in penalties.
Notice of Intent to be covered under Tennessee Storm Water Multi Sector General Permit for Industrial Activities Permit No. TNR0500000 was not submitted by June 1, 2009. The NOI was submitted on 10/29/09.
Genmar Minnesota, Inc.
MPCA issued a letter of warning on 2/6/06 alleging violations of Minnesota Hazardous Waste Regulations. The company responded 2/15/06 that corrective actions were completed. MPCA sent a 2/21/06 letter acknowledging that all corrective actions listed in the letter of warning were completed.
Genmar Transportation, Inc.
On 8/26/03, GTI received a Notice of Violation from the Montana Department of Environmental Quality due to a 7/8/03 release of approximately 40 gallons of diesel fuel when a GTI truck went off of a highway and hit a guard rail. Following, removal of contaminated soil and the installation of a monitoring well for groundwater sampling, a closure letter dated 11/26/05 was issued by MDEQ.
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ASSET PURCHASE AGREEMENT SCHEDULE 4.1(l) –– INSURANCE
The insurance policies listed in Schedule 1.1(m) are incorporated herein by reference.
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ASSET PURCHASE AGREEMENT SCHEDULE 4.1(m)(i) –– REAL PROPERTY LEASES
The IDS Lease
The Airplane Hangar Lease
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ASSET PURCHASE AGREEMENT SCHEDULE 4.1(m)(ii) –– CERTAIN MATTERS REGARDING REAL ESTATE LEASES
GENMAR HOLDINGS, INC.
The IDS Lease is currently in default for nonpayment
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
The Airplane Hangar Lease currently in default for nonpayment.
GENMAR TRANSPORTATION, INC.
None
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ASSET PURCHASE AGREEMENT SCHEDULE 4.1(p) –– FINANCIAL STATEMENTS
See attached.
1. Claims, either asserted or unasserted, related to or resulting from the filing of the Bankruptcy Case, have not been fully recorded in the financial statements of GHI and its Subsidiaries (for purposes of this Schedule 4.1(p), the “Company”) since June 1, 2009.
2. Administrative claims, to the extent such items remain subject determination or negotiation as part of the Bankruptcy Case, may not be reflected in the financial statements of the Company.
3. The Company has not undertaken to identify inventories that may be deemed to be excessive as a result of declines in production volume experienced in the twelve month period prior to the Effective Date. As such, reserves that may otherwise be required to be provided by GAAP have not been provided.
4. The Company has provided reserves for certain obligations that may relate to obligations that will be discharged or otherwise resolved as a result of the Bankruptcy Case. No adjustments have been made to financial statements to reflect these matters.
5. Certain accounts receivable may not be realizable as a result of the offset of Company obligations that are compromised as a result of the Bankruptcy Case. Such offsets and the resulting impairment of the related assets have not been reflected in the financial statements of the Company.
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GENMAR HOLDINGS, INC.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED JUNE 30, 2005, 2006 AND 2007
STRICTLY CONFIDENTIAL
PricewaterhouseCoopers LLP Suite 1400 225 South Sixth Street Minneapolis MN 55402 Telephone (612) 596 6000 Facsimile (612) 373 7160
Report of Independent Auditors
To the Board of Directors and Stockholders of Genmar Holdings, Inc.
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, of stockholders’ equity and of cash flows present fairly, in all material respects, the financial position of Genmar Holdings, Inc. and its subsidiaries at June 30, 2007 and 2006, and the results of their operations and their cash flows for each of the three years in the period ended June 30, 2007, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
As discussed in Note 2, effective July 1, 2006 the Company changed its accounting for stock based compensation.
November 1, 2007
1 GENMAR HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2006 AND 2007 (In thousands)
ASSETS 2006 2007
Current assets: Cash and cash equivalents$ 29,682 $ 1,909 Accounts receivable 37,890 44,358 Inventories, net 121,933 130,250 Prepaid expenses and other 5,456 8,682 Total current assets 194,961 185,199
Property and equipment: Land 4,205 5,801 Buildings 68,120 67,652 Operating equipment 118,914 130,962 Accumulated depreciation (102,224) (115,016) Net property and equipment 89,015 89,399
Goodwill 14,756 14,756 Identifiable intangibles, net 7,732 6,439 Other assets 8,941 7,270
Total assets$ 315,405 $ 303,063
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable$ 77,084 $ 84,951 Accrued liabilities and expenses 94,628 91,761 Current maturities of long-term debt 3,041 6,782 Total current liabilities 174,753 183,494
Long-term debt, less current maturities 36,527 29,610 Other noncurrent liabilities 22,827 22,964 Minority interest in subsidiary 1,330 908
Commitments and contingencies (Note 8)
Stockholders' equity: Common stock, $.01 par, 50,000 shares authorized; 32,269 and 32,158 issued and outstanding 323 322 Additional paid-in capital 158,789 157,998 Accumulated deficit (79,144) (92,233) Total stockholders' equity 79,968 66,087
Total liabilities and stockholders' equity $ 315,405 $ 303,063
The accompanying notes are an integral part of these consolidated financial statements. 2 GENMAR HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED JUNE 30, 2005, 2006 AND 2007 (In thousands)
For the Years Ended June 30, 2005 2006 2007
Net sales$ 997,022 $ 996,375 $ 955,879 Cost of sales 884,685 878,742 847,176
Gross profit 112,337 117,633 108,703
New product and technology development 18,371 17,273 16,950 Selling and administrative expenses 106,041 99,671 97,069 Goodwill impairment charge - 26,904 - Restructuring charges and other - - 1,851
Operating loss (12,075) (26,215) (7,167)
Interest expense (2,920) (2,721) (3,227) Other income (expense), net 3,051 (1,313) (2,117) Put Agreement settlement charge (34,730) - - Minority interest in loss of consolidated subsidiary 569 4,359 422
Loss before income taxes (46,105) (25,890) (12,089)
Income tax provision (1,000) (1,000) (1,000)
Net loss$ (47,105) $ (26,890) $ (13,089)
Basic and diluted net loss per common share$ (1.49) $ (0.83) $ (0.41)
Weighted average common shares outstanding 31,690 32,362 32,211
The accompanying notes are an integral part of these consolidated financial statements. 3 GENMAR HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY FOR THE YEARS ENDED JUNE 30, 2005, 2006 AND 2007 (In thousands)
Accumulated Other Additional Comprehensive Comprehensive Common Stock Paid-In Accumulated Income Income Shares Amount Capital Deficit (Loss) Total (Loss)
Balance, June 30, 2004 30,471 $ 305 $ 144,270 $ (5,149) $ (808) $ 138,618
Net income - - - (47,105) - (47,105) $ (47,105) Issuance of common stock 65 1 567 - - 568 Repurchase of common stock (460) (5) (4,652) - - (4,657) Common stock issued in settlement of Put Agreement 2,403 24 20,404 - - 20,428 Translation adjustment - - - - 808 808 808
Total comprehensive loss $ (46,297)
Balance, June 30, 2005 32,479 325 160,589 (52,254) - 108,660
Net loss - - - (26,890) - (26,890) $ (26,890) Issuance of common stock 73 1 614 - - 615 Repurchase of common stock (283) (3) (2,414) - - (2,417)
Total comprehensive loss $ (26,890)
Balance, June 30, 2006 32,269 323 158,789 (79,144) - 79,968
Net loss - - - (13,089) - (13,089) $ (13,089) Issuance of common stock 47 1 430 - - 431 Repurchase of common stock (158) (2) (1,441) - - (1,443) Employee compensation charge - - 220 - - 220
Total comprehensive loss $ (13,089)
Balance, June 30, 2007 32,158 $ 322 $ 157,998 $ (92,233) $ - $ 66,087
The accompanying notes are an integral part of these consolidated financial statements. 4 GENMAR HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED JUNE 30, 2005, 2006 AND 2007 (In thousands)
For the Years Ended June 30, 2005 2006 2007
OPERATING ACTIVITIES: Net loss$ (47,105) $ (26,890) $ (13,089) Adjustments to reconcile net loss to net cash provided by (used in) operating actitivities: Depreciation and amortization 16,107 18,612 18,961 Minority interest in loss of consolidated subsidiary (569) (4,359) (422) Goodwill impairment charge - 26,904 - Put Agreement settlement charge 34,730 - - Change in fair value of derivative financial instruments (2,800) (231) - Net changes in operating assets and liabilities 18,157 (15,546) (15,629) Change in noncurrent liabilities and assets, net (2,430) 1,418 137 Other, net 1,245 163 (34) Net cash provided by (used in) operating activities 17,335 71 (10,076)
INVESTING ACTIVITIES: Property and equipment additions (28,478) (16,721) (19,722) Proceeds from sales of property and equipment 2,174 1,484 3,263 Acquisition consideration, net of cash acquired (850) (5,499) - Advances to affiliates - - (633) Loans to shareholder, net of repayments - (2,638) (510) Net cash used in investing activities (27,154) (23,374) (17,602)
FINANCING ACTIVITIES: Repayment of subordinated mortgage note borrowings (1,197) (1,088) (2,025) Other long-term debt borrowings (repayments) 61 (1,108) 2,816 Payment of deferred financing costs (125) (270) (85) Repayment of VEC Technology acquisition notes (11,000) - - Cash paid to settle Put Agreement (14,302) - - Restricted cash collateral 26,390 - - Common stock redemptions, net of issuances (2,812) (1,736) (801) Net cash used in financing activities (2,985) (4,202) (95)
Decrease in cash and cash equivalents (12,804) (27,505) (27,773)
CASH AND CASH EQUIVALENTS: Balance, beginning of year 69,991 57,187 29,682
Balance, end of year$ 57,187 $ 29,682 $ 1,909
The accompanying notes are an integral part of these consolidated financial statements. 5 GENMAR HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) (In thousands)
For the Years Ended June 30, 2005 2006 2007
Changes in operating assets and liabilities of continuing operations, net of acquisition effects: Accounts receivable$ 4,589 $ (3,718) $ (4,546) Inventories (5,889) 4,121 (8,317) Prepaid expenses and other 3,713 (271) (4,050) Accounts payable, accrued liabilities and expenses 15,744 (14,824) 1,284
Net changes in operating assets and liabilities$ 18,157 $ (14,692) $ (15,629)
Supplemental cash flow information: Interest paid on indebtedness during the period$ 2,861 $ 2,468 $ 2,966 Income taxes paid during the period 7,484 992 611
Schedule of noncash financing and investing activities: Additional purchase consideration allocated to goodwill$ 175 $ - $ - Property and equipment additions under capital leases 74 - 511 Common stock repurchased with notes 1,277 66 346
The accompanying notes are an integral part of these consolidated financial statements. 6 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
1. Organization and Background
Genmar Holdings, Inc. (the “Company”) was organized in March 1994 to combine the operations of IJ Holdings Corp. and Miramar Marine Corporation, each of which had been under the control of investor groups led by Irwin L. Jacobs, principal stockholder and Chairman of the Board of the Company.
As a manufacturer of motorized recreational boats in the United States, the Company is focused on using leading edge manufacturing technologies and innovative marketing strategies to produce and sell boats under brand names including Carver, Champion, Four Winns, Glastron, Hydra-Sports, Larson, Marquis, Ranger, Scarab, Seaswirl, Stratos, Triumph, Wellcraft, and Windsor Craft Yachts. The Company sells its products through an established network of independent, authorized dealers in the United States and throughout the world.
The Company operates in the recreational powerboat industry, which has historically experienced periodic cyclical downturns.
2. Summary of Significant Accounting Policies
Principles of Consolidation:
The consolidated financial statements include the accounts of the Company and its subsidiaries, which, except for VEC Technology, L.L.C (“New VEC”), further discussed in Note 9, are wholly owned. All significant intercompany accounts and transactions have been eliminated.
Revenue Recognition:
Revenue for products and services, reported net of dealer and other discounts, is generally recognized at the time of delivery or when services have been performed. Certain sales have extended payment terms of up to one year. Such sales are recognized at the time of delivery based on the Company’s history of collections without significant future concessions. Charges related to shipping and handling are reflected in revenues while the associated costs are included in cost of sales.
Arrangements with Customers and Vendors:
The Company follows the guidance in Emerging Issues Task Force (“EITF”) Issue No. 01-09, “Accounting for Consideration Given by a Vendor to a Customer”. Sales promotion costs and sales discounts are presented as a reduction of revenue. Cooperative advertising allowances granted by the Company to customers are included as a component of sales and marketing costs as the Company receives an identifiable benefit for these allowances for which fair value is determinable.
7 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Consideration received by the Company from a vendor, generally in the form of purchase rebates, is accounted for in accordance with EITF Issue No. 02-16, “Accounting for Consideration Received from a Vendor by a Customer.” Consequently, amounts received are recognized as a reduction to the cost of purchased inventory and therefore reduce cost of sales as product is sold by the Company.
Use of Estimates:
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates related to the Company’s operations include such items as depreciable asset lives, uncollectible accounts receivable, inventory obsolescence, environmental and legal loss contingencies, the valuation of deferred income tax assets, self-insurance claim provisions, future warranty costs and estimates associated with assessing the continuing carrying value of long-lived and intangible assets. Actual results could differ materially from these estimates.
Effects of Recent Accounting Pronouncements:
In July 2006, the Financial Accounting Standards Board (“FASB”) issued Financial Interpretation No. 48 (“FIN 48”), “Accounting for Uncertainty in Income Taxes,” an interpretation of FASB Statement of Accounting Standard No. 109 (“SFAS 109”), “Accounting for Income Taxes.” FIN 48 clarifies the accounting treatment (recognition and measurement) for uncertain tax positions taken in a company’s tax return and recognized in a company’s financial statements in accordance with SFAS 109. The new standard also contains guidance on de- recognition, classification, interest and penalties, disclosure, and transition. The provisions of FIN 48 are effective for the Company in fiscal year 2009. The Company is currently evaluating the impact of this statement.
Cash and Cash Equivalents:
Cash includes cash equivalents consisting principally of short-term investments in commercial paper with original maturities of three months or less. Cash equivalents are recorded at cost, which approximates fair value.
Accounts Receivable and Allowance for Doubtful Accounts:
The Company carries its accounts receivable at their face amounts less any allowance for doubtful accounts. On a regular basis, the Company records an allowance for uncollectible receivables based upon known bad debt risks and past loss history, customer payment practices and economic conditions. Actual collection experience may differ from the current estimate of net receivables. A change to the allowance for doubtful accounts may be required if a future event or other change in circumstances result in a change in the estimate of the collectibility of a specific account.
8 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Inventories:
Inventories are stated at the lower of cost or market and include materials, labor and overhead costs. The Company uses the first-in, first-out cost method in determining cost for all of its inventories. Inventories consist of the following (in thousands):
June 30, 2006 2007
Raw materials$ 58,682 $ 69,733 Work-in-process 31,495 28,402 Finished goods 36,887 39,257 Obsolescence reserves (5,131) (7,142) $ 121,933 $ 130,250
Production Tooling:
Costs incurred in the development and fabrication of significant tooling are capitalized and amortized using the straight-line method generally over a three-year period, unless circumstances support a longer period. Costs associated with smaller-scale tooling projects are included in new product and technology development expense as incurred. Costs associated with tooling maintenance and mold replacement are charged to expense as incurred.
Property and Equipment:
Property and equipment is stated at cost. Depreciation is provided using the straight-line method over the assets’ estimated useful lives, as follows: 32 to 40 years for buildings; 10 to 15 years for land improvements and building improvements; the lesser of 10 years or the remaining lease term for leasehold improvements; 3 to 10 years for operating equipment and machinery; and 3 years for computer hardware and software. Significant repair and improvement costs are capitalized and depreciated based on the asset’s remaining useful life. Maintenance costs are expensed as incurred. The cost and accumulated depreciation of property and equipment retired or otherwise disposed of are removed from the related accounts, with any gain or loss recorded as a component of other income (expense) in the consolidated statements of operations.
Goodwill:
Goodwill represents the excess of purchase price over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is tested for impairment annually or at the time of a triggering event which might indicate a potential impairment. The fair value of goodwill is assessed by comparing the estimated fair value of the business to the corresponding carrying value, including goodwill.
9 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
During the year ended June 30, 2006, the Company recorded a non-cash pretax charge of $26.9 million for the impairment of goodwill related to New VEC, which represents all of the goodwill attributable to the Technology Segment. To determine the impairment charge, management estimated the fair value of New VEC using a discounted future cash flow valuation methodology, based upon assumptions about the future profitability and cash flows of the segment, and measured the goodwill impairment following the provisions of SFAS No. 142, “Goodwill and Other Intangible Assets.”
Identifiable Intangible Assets:
Identifiable intangible assets consist of any intangible assets that are amortized, such as trademarks, tradenames and other intellectual property. The identifiable intangible assets are being amortized on the straight-line method over estimated lives of 17 to 25 years for trademarks; 17 to 20 years for tradenames; and 10 to 17 years for intellectual property. Identifiable intangible assets consist of the following (in thousands):
June 30, 2006 2007 Cost Trademarks$ 1,915 $ 1,915 Tradenames 3,365 3,169 Intellectual property 5,420 5,178 10,700 10,262
Accumulated amortization Trademarks (1,203) (1,303) Tradenames (634) (792) Intellectual property (1,131) (1,728) (2,968) (3,823) Net identifiable intangibles$ 7,732 $ 6,439
Amortization of identifiable intangible assets is expected to be approximately $0.7 million for the years ending June 30, 2008 through 2012, respectively, and $3.0 million thereafter.
Asset Impairment Assessment:
The Company reviews long-lived assets for impairments whenever events or circumstances indicate that the carrying value of such assets may not be fully recoverable. An impairment is evaluated based on the undiscounted estimated future cash flows expected to result from use of the asset compared to its carrying value. If an impairment is indicated, the carrying value of the impaired asset is reduced to its fair value based on estimated future discounted cash flows.
10 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Accrued Liabilities and Expenses:
Accrued liabilities and expenses consist of the following (in thousands):
June 30, 2006 2007
Warranty$ 28,756 $ 27,998 Sales incentives 15,103 17,585 Payroll and incentive-related 14,366 14,202 Insurance 13,414 11,510 Customer deposits 6,175 4,634 Legal 4,630 3,268 Income taxes 1,678 1,983 Other 10,506 10,581 $ 94,628 $ 91,761
Warranty Accruals:
The Company warrants its products under normal use and maintains warranty reserves pursuant to these policies. The Company extends warranty coverage over various periods ranging up to and including lifetime limited warranties for certain product components. Major product componentry, including engines, drive units and appliances are warranteed by suppliers of those components and not by the Company. In other cases, the Company may have recourse against a supplier in the event of a component failure that is warranteed by the Company.
In developing its estimate of future warranty costs, the Company relies on historical warranty claims experience, and utilizes a predictive methodology intended to provide a reasonable estimate of warranty costs to be incurred in the future. Provisions for estimated future warranty claims are made at the time of the product sale, with actual payments for such claims being charged against the reserve for warranty when incurred.
A summary of the Company’s reserve for future warranty costs for the years ended June 30, 2005, 2006 and 2007 is as follows (in thousands):
June 30, 2005 2006 2007
Balance at beginning of period$ 24,372 $ 28,263 $ 28,756 Estimated warranty cost on product sold 19,965 20,292 17,826 Settlements made (in cash or in kind) during the period (16,074) (19,799) (18,584) Balance at end of period$ 28,263 $ 28,756 $ 27,998
11 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Non-current Liabilities:
Other non-current liabilities consist of the following (in thousands):
June 30, 2006 2007
Legal and environmental (Note 8)$ 13,916 $ 14,180 Post-retirement benefits 1,527 1,723 Insurance 1,731 1,991 Other 5,653 5,070 $ 22,827 $ 22,964
Environmental Matters:
Environmental expenditures related to the Company’s current operations are charged to expense as incurred, or to reserves previously established for such purpose. Environmental exposures associated with predecessor businesses carry reserves which are periodically reassessed for adequacy based on current information. Liabilities relating to environmental matters are generally recorded when environmental assessments and/or remedial efforts are probable and the related costs can be reasonably estimated. Generally, the timing of these accruals coincides with the completion of a feasibility study or the Company’s commitment to a formal plan of action.
Restructuring Charges and Other:
During fiscal 2007, the Company announced plans to restructure certain operations at various manufacturing facilities within the boat segment. Restructuring charges recorded in the accompanying consolidated statement of operations included $1.2 million of severance related costs and $1.9 million of other costs, offset by $1.3 million in gains on the disposal of idle facilities. In addition, cost of sales includes $0.8 million of restructuring related inventory charges.
12 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Other Income (Expense):
Other income (expense) in the accompanying consolidated statements of operations consists of the following (in thousands):
For the Years Ended June 30, 2005 2006 2007 Change in fair value of derivative financial instruments (Note 9)$ 2,800 $ 231 $ - Legal costs attributable to predecessor businesses (135) (634) (602) Adjustment to predecessor business legal and environmental reserves (Note 8) - (854) - Impairment of non-operating assets - - (798) Other 386 (56) (717) Total$ 3,051 $ (1,313) $ (2,117)
Stock Option-Based Compensation:
Effective July 1, 2006, the Company began accounting for stock-based compensation in accordance with the provisions of SFAS No. 123R, “Share-Based Payment”. Compensation expense is based on the estimated fair value of awards at the date of grant and is recognized on a straight-line basis over the service period. The Company adopted SFAS No. 123R using the prospective transition method. In accordance with that method, the financial statements for prior periods have not been restated to reflect, and do not include, the impact of SFAS No. 123R.
Net Income (Loss) Per Common Share:
Basic and diluted net income (loss) per common share is computed by dividing net income (loss) applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per common share is determined using the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting primarily of shares which might be issued upon exercise of common stock options. Average shares outstanding are the same in all years presented on a basic and diluted basis due to the antidilutive effects of common stock equivalents on the Company’s loss before divested operations.
Comprehensive Income (Loss):
Components of comprehensive income (loss) are reported in the consolidated statements of stockholders’ equity. Comprehensive income (loss) is defined as changes in equity excluding changes resulting from investments by and distributions to stockholders.
13 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
3. Debt
At June 30, 2006 and 2007, long-term debt consisted of the following (in thousands):
Interest Rate as of June 30, June 30, 2007 2006 2007
Mortgage Notes 6.08 - 7.35%$ 25,999 $ 23,974 Note Payable 7% 2,400 1,700 Other debt obligations, due in varying installments through 2011, with a weighted average interest rate as of June 30, 2007 of 5.1% 11,169 10,718
Total debt 39,568 36,392 Less current maturities (3,041) (6,782) Total$ 36,527 $ 29,610
As of June 30, 2007, the Company was party to a $50.0 million credit facility (“Credit Facility”) with a bank. The Credit Facility allowed for borrowings to fund working capital needs and other requirements and provides for the issuance of up to $30.0 million in letters of credit. Available capacity under the Credit Facility was determined pursuant to a borrowing base formula. Interest on the outstanding borrowings under the Credit Facility was based upon the prime rate or LIBOR, at the Company’s option, plus an agreed upon margin. The interest rate that would have been payable under this facility as of June 30, 2007, had there been borrowings outstanding, was 8.3%. The credit facility was collateralized by a first security interest in substantially all of the Company’s accounts receivable and inventories. The Company’s manufacturing facilities and other property and equipment were not encumbered by this facility.
As of June 30, 2007, the Company had eight first security mortgage loans (“Mortgage Notes”), which where collateralized by essentially all of the Company’s manufacturing facilities and certain large equipment. The Mortgage Notes were set to mature in October 2008 and bore interest at variable rates ranging from 6.08% to 7.35%. The Mortgage Notes each had substantially similar terms and provisions, required monthly payment of principal and interest, and required the Company to satisfy certain financial tests and ratios.
On November 1, 2007, the Company entered into a new credit agreement with a group of banks (the “New Credit Facility”) that provides for a revolving credit facility of $50 million and a term loan of $40 million, $36.5 million of which was funded at closing. Proceeds of this facility were used to repay the Mortgage Notes and to fund working capital. The facility is collateralized by substantially all assets of the Company and will expire in September 2013. Interest on outstanding borrowings under the New Credit Facility is based on the prime rate or LIBOR, at the Company’s option, plus an agreed upon margin. The interest rate that would have been payable had this facility been in place at June 30, 2007 would have been 7.8%. The New Credit Facility requires the Company to comply with certain covenants, including maintenance of specified financial ratios, and limits the ability of the Company to enter into certain transactions.
14 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
In January 2004, New VEC (see Note 9) entered into a $3.9 million note payable (“Note Payable”) to acquire certain intellectual property which requires repayment of principal in five increasing annual installments, commencing on January 28, 2005. All unpaid principal and accrued interest is due and payable in full on January 28, 2009. The note currently bears interest at an annual rate of 7% with an annual increase in such rate of 1% per year. The note is collateralized by certain intellectual property of New VEC.
Aggregate maturities of long-term debt, after giving effect to the impact of the New Credit Agreement, are approximately $6.8 million, $5.6 million, $3.3 million, $2.9 million, and $2.8 million, in years ending June 30, 2008, 2009, 2010, 2011 and 2012, respectively, and $15.0 million thereafter. At June 30, 2007, the carrying value of long-term debt approximated its fair value.
4. Income Taxes
The Company utilizes the liability method to account for income taxes. The liability method requires that deferred tax assets and liabilities be recognized for the expected future tax effects of the temporary differences between the tax and book bases of assets and liabilities. Valuation allowances are established when, in the opinion of management, it is more likely than not that some portion or all of the net deferred tax assets will not be realized.
Components of the income tax benefit (provision) were as follows (in thousands):
For the Years Ended June 30, 2005 2006 2007
Benefit (provision) on income before divested operations: Current$ (1,000) $ (1,000) $ (1,000) Deferred - - - Total provision for income taxes$ (1,000) $ (1,000) $ (1,000)
At June 30, 2007, the Company had total federal net operating loss carryforwards of approximately $73.8 million. Federal net operating loss carryforwards of $11.7 million, $51.7 million, $3.7 million and $6.7 million expire in 2023, 2025, 2026 and 2027, respectively. The Company also has unused research and development tax credits of approximately $9.8 million that may be available to offset future federal income tax liabilities and federal alternative minimum tax credits of $3.1 million which can be carried forward indefinitely.
The Company has evaluated the realizability of the net deferred tax assets associated with the net operating losses, as well as from differences between the income tax and financial reporting bases of other assets and liabilities, and has concluded that the criteria set forth under generally accepted accounting principles to recognize these assets cannot be met. Accordingly, the Company has provided a valuation allowance for the full amount of all deferred tax assets as of June 30, 2006 and 2007.
15 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Temporary differences and carry-forwards, which gave rise to deferred tax assets and liabilities, consisted of the following (in thousands):
June 30, 2006 2007
Loss carryforwards$ 27,796 $ 30,607 Credit carryforwards 12,113 12,929 Warranty reserves 11,174 10,562 Insurance reserves 4,915 4,330 Inventory reserves 2,559 3,101 Other accrued liabilities 13,998 14,449 Total deferred tax assets 72,555 75,978
Deferred tax liability - depreciation (5,260) (3,685) Investment in VEC Technology, LLC (3,925) (3,809) Total deferred tax liability (9,185) (7,494)
Valuation allowance (63,370) $ (68,484) Net deferred taxes$ - $ -
5. Stock Plan
In October 2001, the Company’s Board of Directors approved the formation of the 2001 Stock Award/Purchase Plan (“2001 Plan”) whereby the Board of Directors may, at its election, make shares of the Company’s common stock available for purchase by certain directors and employees at fair value. The 2001 Plan is authorized to issue shares of common stock of up to 7% of the total outstanding shares. Additionally, new stock awards can be issued under the 2001 Plan in the form of a stock option with an exercise price equal to fair value at the date of grant.
Under the terms of the 2001 Plan, all participants have agreed to sell their shares back to the Company at fair value upon leaving the Company’s employ or in the event the Board of Directors and majority stockholders agree to a merger or disposition transaction. In addition, the Company will obtain an independently determined fair market value appraisal for its common stock annually. During a 20-day period following the completion of the appraised, participants can elect to sell up to one third of their individual holdings back to the Company at fair value. At June 30, 2007, employees and directors held 1,950,965 under this plan, of which 660,383 shares could be tendered during any one redemption period. The potential redemption value approximated $8.48 per share, which could be paid out, depending on the circumstances, over five years, subject to certain restrictions.
16 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
A summary of the activity under the 2001 Plan is as follows (shares, in thousands):
Employee Weighted Stock Plan Shares Available for Options Average Price Outstanding Grant Outstanding per Share
Balance, June 30, 2004 2,657 279 164 $ 7.48 Shares authorized and issued 38 - - 10.13 Shares repurchased (460) - - 10.13 Granted - - 84 10.13 Exercised 28 (28) (28) 6.85 Forfeited - - (96) 6.94 Balance, June 30, 2005 2,263 251 124 9.79 Shares authorized and issued 73 - - 8.47 Shares repurchased (274) - - 8.47 Granted - - 79 8.47 Forfeited - (42) 9.13 Balance, June 30, 2006 2,062 251 161 9.32 Shares authorized and issued 47 - - 9.13 Shares repurchased (158) - - 9.13 Granted - - 188 9.13 Forfeited - - (85) 9.65 Balance, June 30, 2007 1,951 251 264 $ 9.17
The weighted average fair value of options granted was $0.32, $0.50 and $1.91 during the years ended June 30, 2005, 2006 and 2007, respectively. Compensation expense of $0.2 million was recognized in the statement of operations for the year ended June 30, 2007. The fair value of options granted is estimated using the Black-Scholes model with the following key assumptions:
Expected life 2.5 years Volatility 25% Dividends None Risk-free rate 4.68%
The expected life represents the simplified method applied to plain vanilla options granted. The volatility assumption represents management’s best estimate and is based on industry information. Prior to the adoption of SFAS No. 123R, the Company used the minimum value method with zero volatility. Forfeitures have been estimated based on historical experience included in the above estimates and will be revised in subsequent periods if actual forfeitures differ from those estimates.
17 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For options granted prior to July 1, 2006, stock-based compensation expense was recognized using the intrinsic value method in accordance with APB 25. Under this method, no compensation expense was recognized in operations as the exercise price of all grants was equal to the fair value of the underlying stock at the date of grant. Had compensation expense been determined on the fair value method for those option grants, the effect on net income (loss) would not have been significant.
6. Employee Benefit Plans
The Company and certain of its subsidiaries maintain defined contribution retirement plans covering substantially all full-time employees. Under certain of these plans, eligible participants may make voluntary contributions of up to 60% of their compensation, as permitted by plan provisions. The plans provide for the Company to make matching and other contributions to eligible participants at the Company’s discretion. The Company made contributions to these plans aggregating $1.8 million, $1.8 million and $1.6 million for the years ended June 30, 2005, 2006 and 2007, respectively.
7. Related-Party Transactions
The Company pays a management fee to Jacobs Management Corporation (“JMC”), a stockholder of the Company and an affiliate of Mr. Jacobs, for certain consulting and management services and subleases certain office facilities to JMC. Net payments under these arrangements aggregated approximately $3.2 million for the year ended June 30, 2005 and $2.6 million for each of the years ended June 30, 2006 and 2007, respectively.
On July 1, 2005, the Company loaned $6.0 million to Mr. Jacobs, the proceeds of which were used to fund the cash portion of Mr. Jacobs’ acquisition of 3,642,216 shares of common stock from one of the Company’s other shareholders. The loan is collateralized by a secondary lien on common stock acquired by Mr. Jacobs and bears interest at 6%. On September 30, 2005, Mr. Jacobs partially repaid this note in the amount of $4.0 million, plus accrued interest. Mr. Jacobs has also granted an option to the Company and certain of its officers and directors to acquire up to 1,214,072 of these shares. In exchange for this option grant, the Company has agreed to make advances to Mr. Jacobs to fund the interest owed by Mr. Jacobs on the indebtedness incurred in the acquisition of these shares. These advances totaled $0.5 million and $1.0 million as of June 30, 2006 and 2007, respectively. All amounts associated with the loan and the interest advances are included in prepaid assets as of June 30, 2007 and are due and payable in July 2008.
The Company sponsors certain professional fishing tournament activities of FLW Outdoors, an affiliate of Mr. Jacobs and certain executive management of the Company. Net sponsorship costs incurred by the Company, including cash paid or accrued and product provided, related to these activities approximated $2.2 million, $2.1 million and $2.1 million for the years ended June 30, 2005, 2006 and 2007, respectively. During fiscal 2005, the Company acquired an airplane that was owned by FLW Outdoors at a cost of $2.0 million. Prior to that time, the Company had utilized this airplane and reimbursed FLW Outdoors for such use at a cost of $0.2 million during the years ended June 30, 2005.
18 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company has from time to time recorded revenues from boat sales to affiliates. Management believes the terms of such sales are consistent with terms of sales to non-affiliated parties. Revenues recorded in connection with such sales aggregated approximately $0.8 million, $0.8 million and $3.2 million for the years ended June 30, 2005, 2006 and 2007, respectively.
See also Notes 8 and 9 for discussion of other related party transactions.
8. Commitments and Contingencies
Dealer Inventory Floor Plan Financing:
The Company and its subsidiaries are parties to dealer inventory floor plan financing arrangements with various financial institutions pursuant to which the Company may be required to repurchase products previously sold to a financed dealer in the event of default by such dealer. The agreements are terminable by either party upon written notice. The Company repurchased $3.1 million, $5.8 million and $5.9 million of such dealer inventory in the years ended June 30, 2005, 2006 and 2007, respectively. As of June 30, 2007, the Company and certain subsidiaries were contingently liable under these agreements for repurchases up to $24.5 million.
The Company provides for estimated losses and costs as exposures become known in connection with the repurchase of product from defaulting dealers. However, at June 30, 2007, no liability for unknown future obligations under the floor plan arrangements has been recorded as historically losses incurred by the Company have not been significant. In the event of default by a dealer, the Company obtains the inventory collateralizing the financing obligation and has traditionally resold the inventory without significant loss. While the Company has exposure to losses as a result of these contractual obligations, the Company believes that any such losses would not have a material effect on its consolidated financial position, results of operations or cash flow.
Insurance Matters:
The Company and its subsidiaries maintain insurance for workers’ compensation, employee health, general and product liability and auto liability losses in excess of predetermined loss limits. A provision has been made in the consolidated financial statements for estimated losses resulting from claims incurred prior to the balance sheet date which were below the amounts of the predetermined loss limits.
19 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Leases and Commitments:
The Company and its subsidiaries lease certain facilities and equipment under operating lease arrangements, which expire at various dates through 2013. These leases generally contain renewal options and require the Company to pay the maintenance, insurance, taxes and other expenses in addition to the minimum annual rentals. Rent expense related to operating leases was $6.9 million, $3.6 million and $3.4 million for the years ended June 30, 2005, 2006 and 2007, respectively. The Company has future lease commitments of approximately $4.8 million in 2008, $4.0 million in 2009, $2.7 million in 2010, $1.0 in 2011, and $0.4 million thereafter.
Legal and Environmental:
The Company and its subsidiaries are defendants in legal proceedings arising in the ordinary course of business. Although the outcome of these matters cannot be determined, in the opinion of management and outside counsel, disposition of these proceedings will not have a material effect on the Company’s consolidated financial position, results of operations or cash flows. The Company believes it is currently in substantial compliance with all environmental laws and regulations.
Past practices of certain of the Company’s current and predecessor operations may have created conditions that give rise to liability under CERCLA and comparable state laws. With respect to these potential liabilities, the Company has been identified as a potentially responsible party at nine active sites. In certain instances, the Company has a duty to indemnify the current owners for environmental matters related to these predecessor operations. In addition, the Company periodically receives claims related to its predecessor operations alleging that individuals were exposed to certain hazardous materials by these predecessor operations, often several decades ago. While the Company does have insurance coverage in place to address a significant portion of these claims and vigorously defends itself in these cases, it has, from time to time, incurred costs associated with these matters.
The Company estimates that future costs associated with current and predecessor operations will approximate $14.5 million. These costs are likely to be incurred over a number of years. Based on currently available information, the Company believes reserves provided as of June 30, 2007, are adequate to cover future costs related to these matters. However, the nature and extent of CERCLA proceedings is that cleanup estimates, the allocated financial responsibilities of potentially responsible parties and the degree of regulatory scrutiny may change over time. Further, the exposures to the Company related to the hazardous materials exposure claims are highly dependent on the evidence of illnesses experienced by claimants, the continued solvency of the Company’s various insurance providers, the legal and regulatory environment at the federal and state level and the litigation environment in general. Therefore, the Company is not certain that these estimates will ultimately reflect its actual exposure.
Net payments relating to these matters in connection with current and predecessor businesses were approximately $2.1 million, $1.2 million and $0.1 million for the years ended June 30, 2005, 2006 and 2007, respectively.
20 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Letters of Credit:
At June 30, 2007, the Company had outstanding letters of credit aggregating $20.2 million, of which approximately $12.1 million collateralized various Company insurance programs. The remainder relates to industrial development revenue bond financing arrangements and to secure the Company’s performance obligations related to other contracts and commitments. Subsequent to June 30, 2007, letters of credit totaling $8.8 million were cancelled.
Stock Repurchase Option:
In March 2000, the Company entered into a Stock Repurchase Option Agreement (“Repurchase Option”) with a shareholder holding 1,251,650 common shares, representing 3.9% of the Company’s outstanding shares. Under the terms of the Repurchase Option, the Company may, at its sole option, purchase any or all of such shares, in minimum increments of at least 100,000 shares, at a price of $10.00 per share. Any such repurchase options may be exercised only subsequent to each calendar quarter. The Repurchase Option, as amended, expires at the earlier of the time at which all shares subject to the Repurchase Option have been purchased by the Company, or September 30, 2008. While in effect, the Repurchase Option restricts the shareholder from selling its ownership in the Company to any other third party. To date, the Company has not purchased any shares under the Repurchase Option.
Shareholder Put Rights:
In November 2002, as a result of the agreement by certain stockholders to modify the terms of indebtedness of the Company, the Company entered into Put Agreements (“Put Agreements”) with these stockholders related to three million shares of common stock held by such stockholders which allowed these stockholders to require the Company to purchase these shares of stock, subject to certain restrictions. In April 2004, all restrictions on the exercise of the Put Agreements were eliminated.
On September 27, 2004, disinterested directors of the Board of Directors of the Company approved a plan to offer each of these shareholders newly issued shares of common stock and cash consideration in exchange for the cancellation of these put rights. In December 2004, this plan was accepted, requiring a total cash payment of $14.3 million and the issuance of 2,403,294 shares of common stock. As a result of the cancellation of the Put Agreements, the Company recorded a charge of $34.7 million in the accompanying consolidated statement of operations.
Product Purchase Commitment:
During fiscal 2007, the Company entered into an agreement with a third-party boat manufacturer to purchase boats that will be marketed and sold by the Company under the Windsor Craft Yachts brand. To secure its commitment under this agreement, the Company has issued a $5.0 million letter of credit to the third-party manufacturer. Through June 30, 2007, the Company had purchased two units under the agreement and has a remaining obligation through December 31, 2008 to purchase additional boats with an estimated value of $20.0 million. Subsequent to June 30, 2007, this third-party manufacturer agreed to the cancellation of the $5.0 million letter of credit. 21 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
9. Sale of Interest in Consolidated Subsidiary
During fiscal 2004, the Company established a newly formed entity, New VEC, through the contribution of all net assets of its 100% owned subsidiary, VEC Technology, Inc. (“Old VEC”). Concurrently, New VEC sold approximately 10% of the membership units of New VEC to an independent strategic investor and issued certain unit option arrangements for $30.0 million. Ownership of the New VEC membership units is subject to certain transfer restrictions and pre- emptive rights. Matters subjected to a vote of the members are governed by a voting agreement between the members. The Company continues to consolidate its interest in New VEC as it is the primary beneficiary of the residual equity interest. At June 30, 2006, and 2007, the minority interest in New VEC was $1.3 million and $0.9 million, respectively.
During fiscal 2004, the Company recorded the fair value of the various unit option arrangements in its financial statements. Periodically, the fair value of these securities was reevaluated and the Company recorded income of $2.8 million and 0.2 million during the years ended June 30, 2005 and 2006, respectively, as a component of other income (expense). In addition, pursuant to its rights under one of these option arrangements, the strategic investor acquired additional membership units in New VEC for $0.1 million during the year ended June 30, 2006, increasing its ownership interest to 14.5%. As of June 30, 2007, all of the remaining option arrangements, with the exception of the VEC Put Options discussed below, had expired or were deemed to have no value and are no longer reflected in the financial statements of the Company.
VEC Put Options:
As part of the consideration given to the Company in exchange for its initial contribution, New VEC entered into the VEC Put Options pursuant to which New VEC granted to the Company the right to sell to New VEC for $100.00 per unit up to 669,848 membership units that the Company holds in New VEC. The VEC Put Options are exercisable by the Company whenever New VEC receives cash or similar consideration from a new investor in exchange for the issuance of new units of New VEC to such investor. The VEC Put Options are exercisable for a number of units that would entitle the Company to receive up to 50% of the consideration received by New VEC from the new investor. The VEC Put Options expire upon the first to occur of the exercise of the VEC Put Options for all available units thereunder and February 28, 2009. At June 30, 2007, the Company has a remaining right to put up to 519,848 membership units under the VEC Put Option arrangement in conjunction with future sales of membership units by New VEC.
Supply Agreement with the Strategic Investor:
Contemporaneously with the investment by the strategic investor into New VEC, the Company entered into a Supply Agreement pursuant to which the Company has agreed to purchase all of its requirements of certain products from the strategic investor at various dates through calendar year 2015, provided that the materials satisfy the company’s technical specifications and are subject to competitive market prices. During the years ended June 30, 2005, 2006 and 2007, purchases from the strategic investor totaled $44.4 million, $41.1 million, and $55.0 million, respectively.
22 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
10. Segment Reporting
The Company conducts and reports its business in two segments: the boat segment and the technology segment, which consists solely of the Company’s consolidated subsidiary New VEC. The segments are managed and reported separately due to significant differences in the manufacturing environments, methods and characteristics between segments. The Company measures the success of its segments by monitoring operating profit. The Company does not allocate nonoperating gains and losses, interest expense or income taxes to the segments. Both segments follow the accounting policies described in Note 2.
Segment information is as follows (in thousands):
For the Year Ended June 30, 2005 Boat Technology Total Net revenues$ 990,257 $ 6,765 $ 997,022 Depreciation and amortization 14,529 1,578 16,107 Operating loss (5,944) (6,131) (12,075) Segment assets 318,732 46,086 364,818 Goodwill 14,756 26,904 41,660 Capital expenditures 26,265 2,213 28,478
For the Year Ended June 30, 2006 Boat Technology Total Net revenues$ 989,763 $ 6,612 $ 996,375 Depreciation and amortization 16,689 1,923 18,612 Operating profit (loss) 4,506 (30,721) (26,215) Segment assets 299,449 15,956 315,405 Goodwill 14,756 - 14,756 Capital expenditures 16,238 483 16,721
For the Year Ended June 30, 2007 Boat Technology Total Net revenues$ 947,147 $ 8,732 $ 955,879 Depreciation and amortization 17,499 1,462 18,961 Operating loss (4,730) (2,437) (7,167) Segment assets 290,014 13,049 303,063 Goodwill 14,756 - 14,756 Capital expenditures 19,074 648 19,722
23 GENMAR HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table reconciles operating loss to net income (loss) (in thousands):
For the Years Ended June 30, 2005 2006 2007
Total operating income (loss) for reportable segments$ (12,075) $ (26,215) $ (7,167) Interest expense (2,920) (2,721) (3,227) Other income (expense), net 3,051 (1,313) (2,117) Minority interest in loss of consolidated subsidiary 569 4,359 422 Put Agreement settlement charge (34,730) - - Income tax provision (1,000) (1,000) (1,000) Net loss$ (47,105) $ (26,890) $ (13,089)
24
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(q) –– ABSENCE OF CERTAIN CHANGES OR EVENTS
None.
- 118 - SCHEDULE 4.1(q) –– ABSENCE OF CERTAIN CHANGES OR EVENTS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(r) –– MATERIAL CONTRACTS
See Schedule 1.1(d).
- 119 - SCHEDULE 4.1(r) –– MATERIAL CONTRACTS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(s) –– COMPLIANCE WITH LAWS
GENMAR MICHIGAN, L.L.C.
The company received a citation and notification of penalty dated 12/11/07 from the Michigan Occupational Safety and Health Administration (MiOSHA). The matters were addressed through abatements, penalties, and appealed matters through the execution of a settlement agreement dated 10/27/08.
The company received a citation and notification of penalty dated 9/8/04 from MiOSHA. The matters were addressed through abatements, penalty, and execution of an informal settlement agreement. The matter was closed on 12/1/04.
GENMAR MINNESOTA, INC.
See 4.1(g) regarding USCG recall No. 060111T.
Matters addressed through USCG recall No. 050027T, which was initiated 5/23/05 and closed 5/3/07.
The company received a citation and notification of penalty dated 6/19/09 from the Minnesota Department of Labor and Industry’s Occupational Safety and Health Division (MnOSHA). The matter was addressed through an abatement, penalty, and execution of an expedited informal settlement agreement executed on 6/25/09.
10/30/09 letter (USCG case no. 09R3618) from USCG indicating alleged non-compliance during USCG’s annual in-plant inspection of 10/26/09. The inspector noted that a switchbox in the engine compartment was not marked as being ignition protected. The company had the switch tested and it was determined by the testing laboratory that the switch met the USCG requirements. The company has responded to USCG and included a copy of the testing report. No response has been received to date from USCG.
10/30/09 letter (USCG case no. 09R3616) from USCG indicating alleged non-compliance during USCG’s annual in-plant inspection of 10/26/09. The inspector noted that the natural ventilation system’s supply and exhaust ventilation openings for a prototype model did not meet the USCG requirements. The company is currently investigating this matter and believes that the USCG inspector is not following long-held and established USCG policies on these calculations. Discussions are on-going between the National Marine Manufacturers Association (recreational boat industry tradegroup) and USCG because USCG’s current position is an industry issue. Additionally, internal USCG discussions on this issue are on-going.
GENMAR TENNESSEE, INC.
See 4.1(g) regarding NHTSA recall No. 06V-206.
The company received a citation and notification of penalty dated 1/17/08 from the Tennessee Occupational Safety and Health Division (TOSHA). The matter was addressed through an abatement, penalty, and execution of an informal settlement agreement executed on 2/7/08.
WOOD MANUFACTURING COMPANY, INC.
See 4.1(g) regarding USCG recall No. 080014S. See 4.1(g) regarding USCG recall No. 060102T. See 4.1(g) regarding USCG recall No. 060028T. - 120 - SCHEDULE 4.1(s) –– COMPLIANCE WITH LAWS DC\1260614.7
See 4.1(g) regarding NHTSA recall No. 05V-040. See 4.1(g) regarding NHTSA recall No. 07V-236.
All other Sellers:
None.
- 121 - SCHEDULE 4.1(s) –– COMPLIANCE WITH LAWS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(t) –– AFFILIATE TRANSACTIONS
1. Management Agreement between Genmar Holdings, Inc. and Jacobs Management Corporation
2. Software development and maintenance services provided by Jacobs Interactive (an operating unit of Jacobs Management Corporation) to the Acquired Businesses
3. Sublease of office space from Genmar Holdings, Inc. to Jacobs Management Corporation
4. Sponsorship Agreement between Wood Manufacturing Co., Inc. and Operation Bass, Inc.
5. Randy Hopper Lease
6. Loan from Operation Bass, Inc. to Wood, collateralized by specific finished goods of Wood. Expressly subordinated to all claims of Senior Lenders
7. Forrest L. Wood License Agreement
- 122 - SCHEDULE 4.1(t) –– AFFILIATE TRANSACTIONS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(u) –– APPLICABLE CLAIMS
(i) (A) & (B): Butler, Herbert v. A.W. Chesterton and Glastron Boats (Glastron voluntarily dismissed Mar 2008)
(ii) None
(iii) Approximately $20,000 in defense costs
- 123 - SCHEDULE 4.1(u) –– APPLICABLE CLAIMS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 4.1(x) –– LABOR UNIONS
(i) Not all Employee Benefits Plans are in writing.
(i)(z) Sellers may need to modify, change or terminate any Employee Benefit Plan pursuant to applicable state laws.
(iii) The following agreements have payment requirements:
• 10/30/08 letter agreement with Mike O'Connell and Genmar Minnesota for severance pay and relocation pay;
• 11/7/08 letter agreement with Dave Russell and Genmar Tennessee for severance pay;
• 2008 "bonus plan" for Veer Beri of Genmar Services for bonus pay.
The consummation of the transactions contemplated by the Agreement may result in the acceleration of vesting and payment of benefits under the Genmar Companies Retirement Plan. In addition, pursuant to Rev. Rul. 2007-43, the Genmar Companies Retirement Plan experienced a partial plan termination during the plan year beginning January 1, 2009, which requires fully vesting the accounts of all affected employees.
(ix) See attached COBRA schedule.
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ASSET PURCHASE AGREEMENT SCHEDULE 5.1(b)(C) –– CONDUCT OF BUSINESS PRE-CLOSING
GENMAR HOLDINGS, INC.
None.
GENMAR INDUSTRIES, INC.
None.
GENMAR IP, L.L.C.
None.
GENMAR MICHIGAN, L.L.C.
None.
GENMAR MINNESOTA, INC.
None.
GENMAR TENNESSEE, INC.
None.
WOOD MANUFACTURING COMPANY, INC.
None.
GENMAR TRANSPORATION, INC.
None.
- 125 - SCHEDULE 5.1(b)(C) –– CONDUCT OF BUSINESS PRE-CLOSING DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 5.1(e) –– SUBJECT INTERNET DOMAIN NAMES
None.
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ASSET PURCHASE AGREEMENT SCHEDULE 5.4 –– EMPLOYEES
See attached list of employees.
Genmar Holdings, Inc. - Officers
Last Suffix, First MI Title Andersen, Douglas E. Sr. VP Business Development Baron, Bruce A. VP Dealer Development & Int'l Ops Carpenter, Keith D. VP Corporate Law Cloutier II, Roger R. President & Chief Operating Officer Huls, David J. Sr. VP, CFO & Secretary Lutz, William M. VP Litigation Melby, Jeffery E. VP Environmental & Safety & Ass't Secretary Mitchell, Keith M. VP Manufacturing Purgiel, Ronald V. Sr. VP Purchasing Sheffert, Mark Chief Restructuring Officer Thomas, Susan B. VP HR, Law & Corp Compliance Beeri, Veer President, International
Genmar Michigan, L.L.C. - Officers
Last Suffix, First MI Title Boocher, Shelley VP & Controller Cloutier II, Roger R. Vice President & Secretary Fulmer, Richard L. DVP Marketing Huls, David J. Vice President Melby, Jeffery E. Assistant Secretary Olson, Jeffrey C. President Videan, Rick VP Operations
Genmar Minnesota, Inc. - Officers
Last Suffix, First MI Title VP Sales & Mktg & Gen'l Manager Larson Antolik, James S. Cloutier II, Roger R. Vice President & Secretary Huls, David J. Vice President Kuebelbeck, Allen P. President Melby, Jeffery E. Assistant Secretary O'Connell, Michael P. Sr. VP Operations VP Marketing & Gen'l Manager Glastron Sargent, Frederick B. Thesing, Linda J. VP Finance
- 127 - SCHEDULE 5.4 –– EMPLOYEES DC\1260614.7
Genmar Tennessee, Inc. - Officers
Last Suffix, First MI Title Atwood, John VP Operations Cloutier II, Roger R. President & Secretary Huls, David J. Vice President McAfee, Michael B. VP Finance Melby, Jeffery E. Assistant Secretary Stinson, Alan L. VP Engineering Wood, Donald P. President, Champion
Genmar Transportation, Inc. - Officers
Last Suffix, First MI Title
Cloutier II, Roger R. President and Secretary Huls, David J. Vice President Melby, Jeffery E. Assistant Secretary
Wood Manufacturing Company, Inc. - Officers
Last Suffix, First MI Title Cloutier II, Roger R. Vice President and Secretary Daffron, Stephen K. VP Sales Hopper, Randy President Hughes, Mendel J. VP Finance Huls, David J. Vice President Melby, Jeffery E. Assistant Secretary Schad, Bart D. VP Marketing
- 128 - SCHEDULE 5.4 –– EMPLOYEES DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS
A. SARASOTA, FLORIDA
AS TO TRACT 1:
1. A ten (10) foot utility easement over the North Boundary as shown on the Manatee County, Florida Property Assessors Map for Section 25, Township 35 South, Range 17 East.
2. Easement(s) granted to Florida Power and Light Company, recorded in Official Records Book 1628, Page 128, of the Public Records of Manatee County, Florida.
AS TO TRACT 6:
3. Easement in favor of Florida Power and Light Company, recorded November 13, 1963 in Official Record Book 181, Page 130, of the Public Records of Manatee County, Florida.
4. Easement in favor of Florida Power and Light Company, recorded April 8, 1980 in Official Record Book 981, Page 3993, of the Public Records of Manatee County, Florida.
5. Restrictive Covenants and Conditions, recorded in Deed Book 317, Page 519, of the Public Records of Manatee County, Florida.
AS TO TRACT 8:
6. Easement in favor of Florida Power and Light Company, recorded October 27, 1980 in Official Record Book 993, Page 1584, of the Public Records of Manatee County, Florida.
7. Easement in favor of Florida Power and Light Company, recorded October 27, 1980 in Official Record Book 993, Page 1596, of the Public Records of Manatee County, Florida.
8. Easement Agreement by and between Wellcraft Marine Corp., a Florida corporation and First National Bank of Florida, recorded April 29, 1982 in Official Record Book 1026, Page 1363, of the Public Records of Manatee County, Florida.
9. Easement in favor of Florida Power and Light Company, recorded July 8, 1986 in Official Record Book 1150, Page 2923, of the Public Records of Manatee County, Florida.
AS TO TRACT 9:
10. Easement for drainage ditch for S.R. 683 recorded in Circuit Court Minute Book 21, Page 379, of the Public Records of Manatee County, Florida.
11. Easement Agreement by and between Wellcraft Marine Corp., a Florida corporation and First National Bank of Florida, recorded April 29, 1982 in Official Record Book 1026, Page 1363, of the Public Records of Manatee County, Florida.
AS TO TRACT 6, 7 and 8:
- 129 - SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS DC\1260614.7
12. Boundary Line Agreement by and between Deltona Corporation and Frances W. File and Anna File, recorded July 15, 1971 in Official Record Book 512, Page 682, of the Public Records of Manatee County, Florida.
AS TO ALL TRACTS:
13. Taxes and assessments for the year 2009, due and payable, but not yet delinquent and subsequent tax years.
B. FLIPPIN, ARKANSAS
1. All taxes for the year 2009 and subsequent years, not yet due and payable.
2. Any prior reservation or conveyance, together with release of damages, of minerals of every kind and character, including, but not limited to, oil, gas, sand and gravel in, on and under subject property.
3. Ordinance No. 80-8 of the Marion County Quorum Court, adopting Minimum Standards and Regulations for Subdivision Development as recorded October 21, 1980 in Miscellaneous Record Book 267 at Page 165-165Z and Page 207, amended by ordinance No. 2003-39 recorded December 12, 2003 in Ordinance and Resolution Record Book 7 at Page 27.
4. A 25-foot Arkansas Western Gas Company Right of Way Grant as recorded December 7, 1971 in Record Book 163 at Page 249.
5. A 20-foot City of Flippin Right of Way Easement as recorded November 9, 1978 in Record Book 244 at Page 276.
6. A 12-foot Arkansas Power and Light Company, Right of Way Permit as recorded January 14, 1977 in Record Book 218 at Page 100. The Company will affirmatively insure the insured against loss or damage arising as a result of a court of competent jurisdiction and last resort requiring removal of improvements.
7. An Arkansas Power and Light Company Right of Way Permit as recorded January 14, 1977 in Record book 218 at Page 101.
8. A 20-foot City of Flippin Right of Way Easement as recorded November 9, 1978 in Record Book 244 at Page 280.
9. A 25-foot Arkansas Western Gas Company Right of Way Grant as recorded December 7, 1971 in Record Book 163 at Page 248.
10. A 10-foot Arkansas Western Gas Company Right of Way Grant as recorded December 7, 1971 in Record Book 163 at Page 246.
11. A 25-foot Arkansas Western Gas Company Right of Way Grant as recorded July 16, 1986 in Record Book 316 at page 130.
12. A 50-foot Arkansas Western Gas Company Right of Way Grant as recorded June 6, 1988 in Record Book 342 at Page 79.
13. A 25-foot Arkansas Western Gas Company Right of Way as recorded December 7, 1971 in Record Book 163 at page 247.
- 130 - SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS DC\1260614.7
14. A 50-foot County Road along the eastern boundary between Arkansas State Highway 980 and County Road No. 35 as described in Dedication Deed recorded May 10, 1989 in Record Book 351 at Page 184, and as dedicated by recording on July 17, 1990 at Book 70 Pages 36C and 36D.
15. A 25-foot Arkansas Western Gas Company Easement recorded in Book 287 at Page 256.
16. Encroachment of parking lot, parking spaces, paved areas, concrete pads, landscaping or chain link fence over, onto, and/or into the 12.5 building setback line imposed in the City of Flippin Zoning regulations as shown on survey performed by C. H. Bond, Jr., dated August 10, 1994 and as revised and updated by Jack G. Bond, Registration Number 1244 on March 19, 2002.
17. Twelve foot encroachment of the East side of a metal building into the Arkansas Power and Light Easement Regulations as shown on survey performed by C. H. Bond, Jr., dated August 10, 1994 and as revised and updated by Jack G. Bond, Registration Number 1244 on March 19, 2002. The Company affirmatively insures the Insured against loss or damage arising as a result of a court of competent jurisdiction and last resort requiring removal of improvements.
18. Twelve foot encroachment of the East side of a concrete ramp/pad into the Arkansas Power and Light Easement as shown on survey performed by C. H. Bond, Jr., dated August 10, 1994 and as revised and updated by Jack G. Bond, Registration Number 1244 on March 19, 2002. The Company affirmatively insures the Insured against loss or damage arising as a result of a court of competent jurisdiction and last resort requiring removal of improvements.
19. Twelve foot encroachment of the Center of a metal building into the Arkansas Power and Light Easement as shown on survey performed by C. H. Bond, Jr., dated August 10, 1994 and as revised and updated by Jack G. Bond, Registration Number 1244 on March 19, 2002. The Company affirmatively insures the Insured against loss or damage arising as a result of a court of competent jurisdiction and last resort requiring removal of improvements.
20. A 20-foot City of Flippin Right of Way Easement as recorded November 9, 1978 in Record Book 244 at Page 275.
21. Road right of way for Arkansas State Highway 178, Arkansas State Highway 980 and any and all County Roads.
22. A 50 foot Arkansas Western Gas Company Right of Way Grant as recorded on May 12, 1966 in Record Book 143 at Page 358.
23. Rights of the upper or lower riparian owners in and to the free and unobstructed flow of water of a creek which forms the southeasterly boundary of a portion of the land.
24. A 25 foot Arkansas Western Gas Company Right of Way Grant as recorded November 7, 1971 in Record Book 163 at Page 252.
25. A 20 foot Right of Way Easement granted to the City of Flippin as recorded November 9, 1978 in Record Book 244 at Page 290.
26. A 15 foot permanent and a 25 foot temporary right of way easement granted to the City of Flippin, recorded May 23, 2001 as Instrument No. 2001-01957.
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27. A 15 foot permanent and a 25 foot temporary right of way easement granted to Phillip and Cathy Johnston, recorded September 10, 2002 as Instrument No. 2002-03754. C. CADILLAC, MICHIGAN
1. Easement to the City of Cadillac, a municipal corporation as recorded in Liber 346, page 433, as to Parcel 1.
2. Easement to the City of Cadillac, a municipal corporation as recorded in Liber 316, page 804, as to Parcels 1, 2, 3 and 4.
3. Easement to the City of Cadillac, a municipal corporation as recorded in Liber 345, page 761, as to Parcel 1.
4. Easement to NOC Industries, a non-profit corporation as recorded in Liber 309, page 175, and Quit Claim Deed to Four Winns, Inc., a Michigan Corporation as recorded in Liber 313, page 933, as to Parcel 3.
5. Easement to the City of Cadillac, a municipal corporation as recorded in Liber 345, page 326, as to Parcel 4.
6. Easement for public utilities as revealed by the recorded plat, over and across the North, West and South 10 feet (Harry Vanderjagt Industrial Park), as to Parcel 9 of said premises.
7. Right of Way to Consumers Power Company, a Maine corporation (now known as Consumers Energy) as recorded in Liber 181, page 403, as to Parcels 1 and 10.
8. Easement to Consumers Power Company, a Michigan corporation (now known as Consumers Energy) as recorded in Liber 317, page 662, as to Parcel 10.
9. Easement to Consumers Power Company, a Michigan corporation (now known as Consumers Energy) as recorded in Liber 262, page 375.
10. Easement to Consumers Power Company, a Michigan corporation (now known as Consumers Energy) as recorded in Liber 299, page 575, as to Parcels 6 and 7.
11. Building and use restrictions as contained in instrument recorded in Liber 39, page 654, and amendments recorded in Liber 43, page 495; in Liber 44, page 45; and in Liber 44, page 544, as to Parcels 1, 2, 3 and 4, but omitting any covenant or restriction based on race, color, religion, sex, handicap, familial status, or national origin.
12. Building and use restrictions as contained in instrument recorded in Liber 54, page 910, as to Parcel 9 (Harry Vanderjagt Industrial Park) but omitting any covenant or restriction based on race, color, religion, sex, handicap, familial status, or national origin.
13. Terms, covenants, conditions and restrictions of Agreement between City of Cadillac and the Economic Development Administration, United States of America as recorded in Liber 263, page 303, as to Parcels 1, 2, 3 and 4.
14. Agreement between the City of Cadillac and Four Winns, Inc. as recorded in Liber 57, page 285, as to Parcel 2.
15. Drainage Retention Easement as shown on Cadillac Industrial Park Plat and recorded in Liber 6 of Plats, pages 293 and 294, as to Parcels 1, 2, 3 and 4.
- 132 - SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS DC\1260614.7
16. Easements reserved to the City of Cadillac in the vacation of all alleys in Blocks 198, 211 and 212, recorded in Liber 37, page 215 and reserved in vacated Streets as revealed by Resolution in Ordinance No. 658 recorded in Liber 27, page 590, as to Parcels 5, 6, 7 and 8.
17. Easement for public utilities as revealed in the recorded plat of Cadillac Industrial Park Plat as recorded in Liber 6 of Plats, pages 293 and 294, as to Parcels 1, 2, 3 and 4.
18. Rights, if any, of riparian owners and the public to use the surface, sub-surface and bed of the adjoining lake/river/creek for purposes of navigation and recreation, as to Parcels 11 and 12.
19. Existing mineral, oil, gas and exploration rights vested in the State of Michigan, as to Parcels 5, 6 and 7.
20. Rights of the public and of any governmental unit in any part of the land described in Schedule A taken, used or deeded for street, road or highway purposes.
21. Taxes and/or assessments which become a lien or become due and payable subsequent to the effective date of the title policy.
22. Easements reserved to the City of Cadillac in the vacation of all alleys in Blocks 195 and 196, recorded in Liber 36, page 528 and reserved in vacated Streets as recorded in Liber 29, page 166 and Liber 36, page 851.
23. Oil, gas, minerals, watercourse or stream access and aboriginal antiquities reserved by the State of Michigan by deed in Liber 158, page 167, as to Parcel 13.
24. Oil, gas, minerals, watercourse or stream access and aboriginal antiquities reserved by the State of Michigan by deed in Liber 161, page 591, as to Parcel 13.
25. Right of way in favor of Consumers Power Company (now known as Consumers Energy) as recorded in Liber 232, page 621, as to Parcel 13.
26. Reservation of all oil, gas, mineral and coal as recorded in Liber 79, page 76 and Liber 79, page 83, as to Lots 12 and 13, Block 195.
27. Easement in favor of Consumers Power Company (now known as Consumers Energy) as recorded in Liber 369, page 94, as to Parcel 13.
28. Oil, gas, minerals, watercourse or stream access and aboriginal antiquities reserved by the State of Michigan by deed in Liber 159, page 107, as to Parcel 14.
29. Option to Purchase Grant of Access and Parking Lot Easement as recorded in Liber 601, page 1373.
30. Grant of Access and Parking Lot Easement as recorded in Liber 601, page 1377.
31. Grant of Access and Parking Lot Easement as recorded in Liber 603, page 2307.
32. Option to Purchase Grant of Access and Parking Lot Easement as recorded in Liber 604, page 1035. D. MURFREESBORO, TENNESSEE
1. Taxes for the year 2009; a lien, but not yet due or payable.
- 133 - SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS DC\1260614.7
2. Billboard Lease of record in Trust Deed Book A424, page 33, said Register’s Office.
3. Right of Way Easement granted to Middle Tennessee Electric Membership Corporation of Record in Deed Book 177, page 200, said Register’s Office.
4. Release and Covenant Not to Sue of Record in Record Book 799, Page 2854, said Register’s Office.
- 134 - SCHEDULE 5.10(a) –– TITLE INSURANCE EXCEPTIONS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 5.11 –– SURVEYS
A. SARASOTA, FLORIDA
1. All rights, interests or claims arising from the matters shown on the survey prepared by International Land Services, Inc. dated September 10, 2007, last revised, October 17, 2007, known as Job Number 07- 08-017:002, including, without limitation, the following:
a. multiple building improvements encroaching into easements and building setbacks;
b. building encroaches .3’ over property line at East boundary line;
c. metal shed encroaches .5’ over property line at West boundary line;
d. fence encroaches 1.6’ over property line at Northeast boundary line;
e. underground sewer lines as disclosed by catch basins and manholes; and
f. underground waterlines as disclosed by water valves and fire hydrants. B. FLIPPIN, ARKANSAS 1. All rights, interests or claims arising from the matters shown on the survey prepared by Bond Consulting Engineers dated November 13, 2007, job number 07-08-017:004A, including, without limitation, the following:
a. encroachment of parking lot, parking spaces, paved areas, concrete pads, landscaping or chain link fence over, onto, and/or into the 12.5 building setback line imposed in the City of Flippin Zoning regulations;
b. twelve foot encroachment of the East side of a metal building into the Arkansas Power and Light Easement Regulations;
c. twelve foot encroachment of the East side of a concrete ramp/pad into the Arkansas Power and Light Easement; and
d. twelve foot encroachment of the Center of a metal building into the Arkansas Power and Light Easement.
C. CADILLAC, MICHIGAN
1. All rights, interests or claims arising from the matters shown on the survey prepared by prepared by Del-Tec Surveying & Engineering, dated September 12, 2007 (Parcels 1, 2, 3, 9, 10, 11) and dated May 9, 2007 (Parcels 4, 5, 6, 7) dated September 11, 2007 (Parcels 8, 12), each Job No. 9261, including, without limitation, the following:
a. building encroaching to easement (parcel 1);
b. building encroaching into setback (parcel 2);
c. building encroaching onto adjacent property and into setback (parcel 6);
- 135 - SCHEDULE 5.11- SURVEYS DC\1260614.7
d. fences and possible rights of adjoining owners established thereby;
e. overhead lines traversing subject property; and
f. underground lines traversing subject property.
2. All rights, interests or claims arising from the matters shown on the survey prepared by prepared by Del-Tec Surveying & Engineering, dated November 12, 2007 (Parcel 13), Job No. 9261, including, without limitation, the following:
a. building encroachment onto property; and
b. building encroachment onto front setback
3. All rights, interests or claims arising from the matters shown on the survey prepared by prepared by Del-Tec Surveying & Engineering, dated November 12, 2007 (Parcel 14), Job No. 9261.
D. MURFREESBORO, TENNESSEE
1. All rights, easements, interests or claims which may exist by reason of the matters shown on the survey prepared by J. Alan Cummings, RLS No. 2351, Crawford Land Surveyors, Nashville, TN, dated January 9, 2008, as Job No. 07-09-015:001, including, without limitation, the following:
a. utility lines with poles, valves, boxes, manholes, and other appurtenances; b. minimum building setback lines; c. drainage pipe; and d. chain link fence runs inside boundary line along northwest boundary.
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ASSET PURCHASE AGREEMENT SCHEDULE 7.2(f) –– CLOSING CONSENTS
GENMAR HOLDINGS, INC. GENMAR HOLDINGS, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support GE Comm Dist Finance ApS Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance BV Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Corp. Genmar CDF Master Factoring Agreement 09/08/06 $0 AB GE Comm Dist Finance Europe Genmar CDF Master Factoring Agreement Ltd GE Comm Dist Finance GmbH Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance Oy Genmar CDF Master Factoring Agreement 09/08/06 $0 GE Comm Dist Finance SAa Genmar CDF Master Factoring Agreement 09/08/06 $0 Lengert, Nichole Independent contractor agreement Marie Carla Labry Pelligrino Independent contractor agreement $0
GENMAR INDUSTRIES, INC.
None.
GENMAR IP, L.L.C.
None.
GENMAR MICHIGAN, L.L.C.
None.
GENMAR MINNESOTA, INC.
None.
GENMAR TENNESSEE, INC.
None.
GENMAR TRANSPORTATION, INC. GENMAR TRANSPORTATION, INC.
Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support Daimler Chrysler Services Contract # 100-0090924 Trailer Lease Agreement: 10 11/23/02 10/23/09 $3,539 units 1D9BG482431208735; 1D9BG482631208736; 1D9BG482831208737; 1D9BG482X31208738; 1D9BG482131208739; 1D9BG482831208740; 1D9BG482X31208741; 1D9BG482131208742; 1D9BG482331208743; 1D9BG482531208744 Daimler Chrysler Services Contract # 100-0090926 Trailer Lease Agreement: 10 01/31/03 12/31/09 $3,539 - 137 - SCHEDULE 7.2(f) –– CLOSING CONSENTS DC\1260614.7
GENMAR TRANSPORTATION, INC.
Payment $ Amount or $ Date of Term or Amount of Counterparty Contract / Lease Description and Other Comments Agreement Expiration Date Support units 1D9BG482731208745; 1D9BG482931208746; 1D9BG482031208747; 1D9BG482231208748; 1D9BG482431208749; 1D9BG482031208750; 1D9BG482231208751; 1D9BG482431208752; 1D9BG482631208753; 1D9BG482831208754 Daimler Chrysler Services Contract # 100-0090927 Trailer Lease Agreement: 10 08/15/03 07/15/09 $3,599 units 1D9BG482641208818; 1D9BG482841208819; 1D9BG482441208820; 1D9BG482641208821; 1D9BG482841208822; 1D9BG482X41208823; 1D9BG482141208824; 1D9BG482341208825; 1D9BG482541208826; 1D9BG482741208827. Aug payoff amount estimated to be $67k. River Valley Capital Corp Master Lease Equipment Schedule 1 Trailer: 04/20/07 03/20/13 $816 Payment are made to 1D9BH482671609982. 1 Unit. Doonan Dropdeck boat Associated Bank trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Unit. Trailer: 04/10/07 03/10/13 $818 1D9BH482871609983. 1 Doonan Dropdeck boat trailer. River Valley Capital Corp Master Lease Equipment Schedule, 1 Trailer: 05/20/07 06/20/13 $820 D9BH482271609235. 1 Unit. Doonan Dropdeck boat trailer.
WOOD MANUFACTURING COMPANY, INC. WOOD MANUFACTURING COMPANY, INC.
Payment $ Term or Amount or $ Date of Expiration Amount of Counterparty Contract / Lease Description and Other Comments Agreement Date Support Daimler Chrysler Services Freightliner lease 1FVHAWCK76LV94565 (A). Model: 07/22/05 7/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK96LV94566 (A). Model: 08/02/05 8/2010 $1,598 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK06LV94567 (A). Model: 09/20/05 9/2010 $1,608 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK27LY08606 (A). Model: 08/22/06 8/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08607 (A). Model: 09/06/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year 2006. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK67LY08608 (A). Model: 09/19/06 9/2011 $1,633 Supplier: Barloworld Truck Argosy. Year: 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK07LY08605 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK87LY08609 (A). Model: 01/16/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center Daimler Chrysler Services Freightliner lease 1FVHAWCK47LY08610 (A). Model: 01/09/07 1/2012 $1,656 Supplier: Barloworld Truck Argosy. Year 2007. Center
- 138 - SCHEDULE 7.2(f) –– CLOSING CONSENTS DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 10.2 –– FURTHER ASSURANCES AFFILIATES
CARVER INDUSTRIES, L.L.C., a Delaware limited liability company CARVER ITALIA, L.L.C., a Delaware limited liability company CARVER YACHTS INTERNATIONAL, L.L.C., a Delaware limited liability company GENMAR FLORIDA, INC., a Delaware corporation GENMAR MANUFACTURING OF KANSAS, INC., a Delaware corporation GENMAR YACHT GROUP, L.L.C., a Delaware limited liability company MARINE MEDIA, L.L.C., a Delaware limited liability company TRIUMPH BOATS, INC., a Delaware corporation TRIUMPH BOAT RENTALS, L.L.C., a Delaware limited liability company VEC LEASING SERVICES, L.L.C., a Delaware limited liability company VEC MANAGEMENT CO. L.L.C., a Delaware limited liability company VEC TECHNOLOGY, INC., a Delaware corporation WINDSOR CRAFT YACHTS, L.L.C., a Delaware limited liability company
- 139 - SCHEDULE 10.2 –– FURTHER ASSURANCES AFFILIATES DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 11(b) –– KNOWLEDGE
Corporate: Roger Cloutier David Huls Doug Anderson Keith Carpenter Jeff Melby Bruce Baron Veer Beri
Flippin: Randy Hopper Keith Daffron Mendel Hughes
Cadillac: Jeff Olson Rick Fulmer Shelley Boocher
Murfreesoboro: Keith Mitchell Dennis Tobin Don Wood
Little Falls: Al Kuebelbeck Jim Antolik Bruce Sargent Linda Thesing
- 140 - SCHEDULE 11(b) –– KNOWLEDGE DC\1260614.7
ASSET PURCHASE AGREEMENT SCHEDULE 11(c) –– LEASE DEPOSIT AMOUNTS
GENMAR HOLDINGS, INC.
None
GENMAR INDUSTRIES, INC.
None
GENMAR IP, L.L.C.
None
GENMAR MICHIGAN, L.L.C.
None
GENMAR MINNESOTA, INC.
None
GENMAR TENNESSEE, INC.
None
WOOD MANUFACTURING COMPANY, INC.
None
GENMAR TRANSPORTATION, INC.
None
- 141 - SCHEDULE 11(c) –– LEASE DEPOSIT AMOUNTS DC\1260614.7