Lubomir Andrejsek (la@btb.cz) Eberlova 1482 / 17 155 00 Praha Czech Republic Telephone: +420 603 449 134 Facsimile: +420 251 612 831 Hearing Date: August 5, 2013, at 9:30 a.m. Objection Deadline: July 15, 2013 at 5:00 p.m. Certain Security Holders of KIT digital, Inc. represented by Lubomír Andrejsek UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Chapter 11 KIT digital, Inc., Case No. 13-11298 (REG) Debtor. OBJECTIO OF CERTAI SECURITY HOLDERS REPRESE TED BY LUBOMÍR A DREJSEK TO FIRST AME DED PLA OF REORGA IZATIO DATED JU E 15, 2013 Certain Security Holders of KIT digital, Inc. represented by Lubomír Andrejsek, consisting of parties listed on Exhibit 1 attached hereto, (the Certain Shareholders or We ) hereby submit this objection to the First Amended Plan of Reorganization dated June 15, 2013. Lubomir Andrejsek is a committee member of association "KIT digital Active Investors" registered with Ministry of Interior of Czech Republic (reg. number - 01506773), which has 429 members, who holds together 4.6 million shares of KITD and operates its web site at www.kitd.info. Lubomir Andrejsek Objection Page 1
NATURE OF OBJECTION The Certain Shareholders represented by Mr. Andrejsek do not agree with treatment of Class 7 (Interests) as contemplated by the proposed Plan. 1. Pursuant to 11 USC 1123(a)(4), the Plan must provide the same treatment for each claim or equity interest in a particular class. The proposed plan contemplates very arbitrary and discriminating treatment for equity interest holders designated as the class_7. While some shareholders, i.e. Plan Sponsor Group shall exclusively receive Reorganized KDI Class B Common Stock (in volume of 44.645% of all Reorganized KDI Interests) thus significantly increase its participation in the new reorganized entity, other shareholders, i.e. the non-sponsor shareholders are not offered the same opportunity and therefore their participation in the new reorganized entity would substantially be reduced. 2. We require that all holders of KDI Common Stock to be offered equal opportunity as members of the Plan Sponsor Group, i.e. right to subscribe for Reorganized KDI Class B Common Stock pro rata to their respective holdings of KDI Common Stock as of petition date. All unsubscribed shares of Class B could be taken by members of Plan Sponsor Group at their discretion. 3. If the proposed Plan were confirmed, it would lead to significant reallocation of equity interest from non-sponsor shareholders to Plan Sponsor Group s members at the expense of the former. 4. The Certain Shareholders represented by Mr. Andrejsek are prepared to subscribe 1.83% portion of all Reorganized KDI Class B Common Stock to be issued. Dated: July 10, 2013 Prague, Czech Republic Respectfully submitted, Lubomír Andrejsek Eberlova 1482 / 17 155 00 Praha Czech Republic Telephone: +420 603 449 134 Facsimile: +420 251 612 831 Lubomir Andrejsek Objection Page 2
Exhibit 1 Certain Security Holders of KIT digital, Inc. represented by Lubomir Andrejsek 1 2 3 4 5 6 7 8 9 10 Name and Address Number of KITD shares as of petition date (25.4.) Phone Number Lubomír Andrejsek Eberlova 17 Praha 5, 155 00 Czech Republic 257 000 +420 603 449134 Petr Bukáček Nekvasilova 15 Praha 8, 186 00 Czech Republic 300 000 +420 603 219511 Vítězslav Šebesta Vlkošská 71 Vracov, 696 42 Czech Republic 127 164 +420 737 259298 Jiří Voplakal Švermova 17/1 Liberec 20, 460 10 Czech Republic 102 419 +420 602 288009 Jiří Pánek Pod Rozhlednou 1362 Frýdlant, 464 01 Czech Republic 78 483 +420 603 851643 Emil Maršálek Mojmírova 927 Uherské Hradiště, 686 01 Czech Republic 45 700 +420 737 256 143 Petr Pawlas Na Důlňáku 18/1387 Havířov, 736 01 Czech Republic 26 700 +420 737 709328 Pavel Pawlas Na Potoku 409/23 Ostrava Hrabová, 720 00 Czech Republic 25 298 +420 602 528 059 Milan Hlavatý Růžová 737/7 Odry, 742 35 Czech Republic 15 000 +420 604 578102 BTB Invest s.r.o. Eberlova 17 Praha 5, 15500 Czech Republic 14 700 +420 603 449134 Lubomir Andrejsek Objection Page 3
11 12 13 14 15 16 17 18 19 20 21 22 23 PRODEZ, a.s. Masarykova 810 Valašské Meziříčí, 757 01 Czech Republic 14 000 +420 733 194 190 Petr Květoň Brněnská 22 Plzeň, 323 00 Czech Republic 11 001 +420 608 830376 Jiří Matys Husitská 40/52 Praha 3, 130 00 Czech Republic 10 905 +420 608 883 855 Milena Krulišová Na Potoku 409/23 Ostrava Hrabová, 720 00 Czech Republic 10 235 +420 603 223835 Tomáš Veselý Jiráskova 648 Veltrusy, 277 46 Czech Republic 9 999 +420 605 341105 Ladislav Syrový Budišov 238 675 03 Czech Republic 7 772 +420 728 892372 Marek Michal Jáchymova 4 Praha 1, 110 00 Czech Republic 7 305 +420 605 568 750 Pavel Runát Benešov u Semil 274 512 06 Czech Republic 6 000 +420 736 671181 Miroslav Surý Kuřimská 118 Moravské Knínice, 664 34 Czech Republic 6 000 +420 603 504449 Vladimír Marušík Pionýrská 493 Moravský Krumlov Czech Republic 5 010 +420 602 216347 Robert Kaňka U letenského sadu 9 Praha 4, 170 00 Czech Republic 5 000 +420 606 734 210 Ondřej Novák Rokytnice nad Rok. 68 675 25 Czech Republic 4 000 +420 602 726986 Luboš Kojan Moravská 32/2117 Praha 2, 120 00 Czech Republic 3 000 +420 606 676053 Lubomir Andrejsek Objection Page 4
24 25 26 27 28 29 Martin Minář Pernerova 2802 Pardubice, 530 02 Czech Republic 2 812 +420 732589936 Tomáš Kubík Bachova 1584/20 Praha 4, 149 00 Czech Republic 2 335 +420 777 138187 Jan Horkel Trnovska 240 Pardubice, 533 53 Czech Republic 2 312 +420 774 742780 Zbyněk Růžička Hradec nad Svitavou 151 569 01 Czech Republic 2 200 +420 606 416 568 Miloš Růžička Jiráskova 75 Moravská Třebová, 571 01 Czech Republic 1 200 +420 606 416 568 Ladislav Kyněra Hlavní 78 Moravany, 664 48 Czech Republic 10 000 +420 602 710822 TOTAL 1 113 550 Lubomir Andrejsek Objection Page 5