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The Rockport Company Stalking Horse Agreement Amended

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The Rockport Company filed with the U.S. Bankruptcy Court a Notice of Filing of First Amendment to Stalking Horse Agreement.

The amendment notes, “Section 7.1(b) of the Purchase Agreement is hereby amended and restated in its entirety to read as follows: “From the Effective Date until the earlier of (i) 25 days from the Petition Date, or (ii) the entry of the Bidding Procedures Order by the Bankruptcy Court, Sellers shall not, and shall cause their respective Affiliates and Representatives to not, directly or indirectly, (i) solicit, initiate or induce the making, submission or announcement of, or knowingly encourage, an Acquisition Proposal; (ii) furnish to any Person (other than Purchaser or any of its designees) any non-public information relating to the Sell Side Companies, or afford to any Person access to the business, properties, assets, books, records or other non-public information, or to any personnel, of the Sell Side Companies, in any such case with the intent to induce the making, submission or announcement of, or the intent to encourage, an Acquisition Proposal, or any inquiries that would reasonably be expected to lead to an Acquisition Proposal, (iii) participate or engage in discussions or negotiations with any Person with respect to an Acquisition Proposal, or (iv) enter into any Contract relating to an Acquisition Proposal; provided, however, that notwithstanding the foregoing, during the period beginning on the Petition Date until the earlier of (i) 25 days after the Petition Date, or (ii) entry of the Bidding Procedures Order by the Bankruptcy Court, Sellers, their respective Affiliates and Representatives may market the Sellers’ assets for sale, may provide all information provided to Purchaser and its Representatives relating to the Sell Side Companies to any of the Sale Process NDA Parties and any other Person that, prior to such disclosure, has executed a confidentiality agreement substantially similar to that executed by the Sale Process NDA Parties, in connection with considering an Acquisition Proposal and Sellers and their respective Affiliates and Representatives may participate or engage in discussions with such Persons and their respective Representatives with respect to such information, but may not engage in negotiations for or knowingly encourage an Acquisition Proposal with such Persons and their respective Representatives.’”

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