EX-99.11 3 d345618dex9911.htm EX-11 EX-11

Exhibit 11

JOINDER TO

GROUP ADMINISTRATION AGREEMENT

THIS JOINDER TO GROUP ADMINISTRATION AGREEMENT (this “Joinder”) is made and entered into as of the 27th day of April, 2012, by and between Abroms & Associates, P.C., an Alabama professional corporation (the “Group Administrator”), in that capacity and on behalf of the Existing Group Shareholders (as defined below), and the Charles C. Anderson 2012 GRAT, a grantor retained annuity trust administered in accordance with the laws of the State of Alabama (the “New Group Shareholder”). Capitalized terms used herein but not otherwise defined shall have the meaning set forth in that certain Group Administration Agreement dated as of April 9, 2007, as amended (the “Agreement”).

Recitals

A. The Group Shareholders who are currently parties to the Agreement (the “Existing Group Shareholders”) own of record shares of Common Stock, par value $0.01 per share, of Books-A-Million, Inc. (the “Common Stock”);

B. The Group Administrator and the Existing Group Shareholders are parties to the Agreement, whereby the Existing Group Shareholders, desiring to provide for the orderly purchase and disposition of, and various other matters related to, the Common Stock, have appointed the Group Administrator to administer certain transactions and other matters related to the Common Stock that involve the Existing Group Shareholders;

C. The New Group Shareholder presently holds 2,081,076 shares of Common Stock;

D. The Existing Group Shareholders, acting through the Group Administrator, desire to join the New Group Shareholder to the Agreement, subject to the New Group Shareholder agreeing to be bound to the terms of the Agreement; and

E. The New Group Shareholder hereby agrees to be bound by the Agreement, subject to the following terms and conditions.

Agreement

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Joinder hereby agree as follows:

1. Agreement to be Bound. The New Group Shareholder hereby agrees that, upon the execution of this Joinder, the New Group Shareholder shall become a party to the Agreement and shall be fully bound by, and subject to, all of the covenants, terms and conditions of the Agreement as though an original party thereto and shall be deemed a Group Shareholder for all purposes thereof.


2. Amendment to Appendix A. Appendix A attached to the Agreement shall be amended to reflect the joinder of the New Group Shareholder to the Agreement and the number of shares of Common Stock currently owned by the New Group Shareholder and shall be replaced with the amended Appendix A attached hereto as Exhibit A.

3. Successors and Assigns. Except as otherwise provided herein, this Joinder shall bind and inure to the benefit of and be enforceable by (a) the Group Administrator and its permitted successors and assigns, (b) the Existing Group Shareholders and any permitted successors and assigns of the Existing Group Shareholders and (c) the New Group Shareholder and any permitted successors and assigns of the New Group Shareholder.

4. Counterparts. This Joinder may be executed in separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.

5. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Alabama, without regard to principles of conflicts of law.

6. Descriptive Headings. The descriptive headings of this Joinder are inserted for convenience only and do not constitute a part of this Joinder.

IN WITNESS WHEREOF, the parties hereto have executed this Joinder as of the date first above written.

 

GROUP ADMINISTRATOR
ABROMS & ASSOCIATES, P.C.
By:  

/s/ Martin R. Abroms

  Martin R. Abroms
Its:   President
NEW GROUP SHAREHOLDER
Charles C. Anderson 2012 GRAT

/s/ Clyde B. Anderson

By: Clyde B. Anderson
Its:  Trustee

 

2


Exhibit A

Amended Appendix A to Group Administration Agreement


APPENDIX A

* Current shares of BAMM Common Stock owned by each Group Shareholder are as reflected from time to time in the ownership reports filed by the Group Shareholders with the Securities and Exchange Commission (the “SEC”) pursuant to Section 16 of the Securities Exchange Act of 1934 (the “Exchange Act”) and the Schedule 13D filed by the Group Shareholders with the SEC pursuant to Rule 13d-1(k)(1) of the Exchange Act, as may be amended from time to time.

 

Group Shareholder

  

Address

  

Shares of BAMM

Common Stock

        Owned         

Charles C. Anderson   

202 North Court Street

Florence, AL 35630

   *
Hilda B. Anderson   

201 South Court Street, Suite 610

Florence, AL 35630

   *
Joel R. Anderson   

202 North Court Street

Florence, AL 35630

   *
Clyde B. Anderson   

402 Industrial Lane

Birmingham, AL 35211

   *
Terrence C. Anderson   

4511 Helton Drive

Florence, AL 35630

   *
Harold M. Anderson   

3101 Clairmont Road, Suite C

Atlanta, GA 30329

   *
Charles C. Anderson, Jr.   

265 Brookview Town Centre Way

Suite 501

Knoxville, TN 37919

   *
Charles C. Anderson, III   

5/F Lippon Leighton Tower

103-109 Leighton Road

Causeway Bay, Hong Kong

   *
Hayley Anderson Milam   

265 Brookview Town Centre Way

Suite 501

Knoxville, TN 37919

   *

Irrevocable Trust of Charles C. Anderson,

Jr. FBO Lauren A. Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *
The Ashley Anderson Trust   

201 South Court Street, Suite 610

Florence, AL 35630

   *
Olivia B. Anderson 1995 Trust   

201 South Court Street, Suite 610

Florence, AL 35630

   *
Alexandra R. Anderson Irrevocable Trust   

201 South Court Street, Suite 610

Florence, AL 35630

   *

First Anderson Grandchildren Trust FBO

Charles C. Anderson, III

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

 

A-1


Group Shareholder

  

Address

  

Shares of BAMM

Common Stock

        Owned         

First Anderson Grandchildren Trust FBO

Haley Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

First Anderson Grandchildren Trust FBO

Lauren Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

Sixth Anderson Grandchildren Trust FBO

Bentley B. Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

Fourth Anderson Grandchildren Trust FBO

Carson C. Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

Second Anderson Grandchildren Trust FBO

Alexandra Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

Fifth Anderson Grandchildren Trust FBO

Harold M. Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

Third Anderson Grandchildren Trust FBO

Taylor C. Anderson

  

201 South Court Street, Suite 610

Florence, AL 35630

   *

The Charles C. Anderson Family

Foundation

  

201 South Court Street, Suite 610

Florence, AL 35630

   *
The Joel R. Anderson Family Foundation   

201 South Court Street, Suite 610

Florence, AL 35630

   *

The Clyde and Summer Anderson

Foundation (formerly The Clyde B.

Anderson Family Foundation)

  

201 South Court Street, Suite 610

Florence, AL 35630

   *
Anderson BAMM Holdings, LLC   

201 South Court Street, Suite 610

Florence, AL 35630

   *
Kayrita M. Anderson   

3101 Clairmont Road, Suite C

Atlanta, GA 30329

   *
Clyde B. Anderson 2012 GRAT   

402 Industrial Lane

Birmingham, AL 35211

   *
Terry C. Anderson 2012 GRAT   

402 Industrial Lane

Birmingham, AL 35211

   *
Charles C. Anderson 2012 GRAT   

402 Industrial Lane

Birmingham, AL 35211

   *

 

A-2