Reddy Ice (fka RDDYQ)

[sterlingkuning]

Common Stock. Under the Plan, holders of common stock of the Company will share in approximately $2.4 million in cash, with the option for holders of at least 25,000 shares of common stock to elect to receive common stock of the reorganized Company in lieu of cash. Subject to certain conditions, in the event that the Company consummates the acquisition of Arctic holders of common stock of the Company will share in an additional approximately $1.2 million in cash or, with respect to holders who elected to receive common stock of the reorganized Company, additional common shares of the reorganized Company.