Case File
efta-efta00602651DOJ Data Set 9OtherOPTION A
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Unknown
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DOJ Data Set 9
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efta-efta00602651
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OPTION A
World Vu Limited
Summary of Proposed Terms for Share Sale and Wyler Employment
May 10,2014
I. Transaction Structure
Seller:
Target:
1110 Ventures Limited
101 Convention Center Drive, Suite 700
Las Vegas, NV 89109
World Vu Satellites Limited
13 Castle Street
St Helier
Jersey JE4 5UT
Percent of Total Shares to be sold:
85%
Form of Transaction:
Cash or Google Shares (Type of shares TBD)
Purchase Price:
$500,000,000
1110 Ventures Gross Rights:
ill 0Ventures shall receive a I% royalty from the gross
sales of World Vu Satellites
Call/Put Options:
TBD
Restrictions on Transfer:
Shares may not be transferred to other parties without all
shareholders approval.
II. Employment of Gregory Wyler
Position:
CEO of WorldVu Satellites Ltd, reporting to the BOD
Compensation:
TBD by the board, but no less than current compensation
Other A:
At the discretion of Google, Gregory may technically
remain a Google employee, but will also be a World Vu
employee.
Other B:
Gregory shall have a standing invitation to L-Team
meetings (but no continuous obligation) and to participate
and contribute to Google, Inc. generally.
EFTA00602651
OPTION B
WorldVu Limited
Summary of Proposed Terms for Sale of Shares
May 10, 2014
I. Transaction Structure
Issuer:
Founder:
Form of Investment:
Amount of Investment:
Total Investment:
Fully Funded Capital Table:
WorldVu Satellites Limited
13 Castle Street
St Helier
Jersey JE4 5UT
1110 Ventures Limited (Greg Wyler)
Series B Shares
TBD
$2b (or $1.5b with debt/country sales)
Shareholder
Percent
Shares
Investment
I I 10Ventures
(including
employees)
25%
Series A
Founder
Google Inc.
? %
Series B
I
Other A
? %
Other B
? %
Other C
? %
Investor Requirements:
Goal:
Series A Share:
Funding will be limited to friendly investors with strong
mission alignment.
To have a friendly investor base focused on LONG
TERM mission and value creation.
Series A shares will have super-voting rights
Follow on funding
Options:
Sale of country rights (LE. time based market exclusivity)
Debt Issue
Public Offering
Google Strategic:
Google shall have strategic opportunity and partnerhips
such as:
1) Using Google Sign On
2) Co-Location of Google Content at Gateways
3) ROFR on new share sales to limit investor base
4) Google zero (free access to other than YouTube) in
certain countries?
Other rights TBD in a follow on term sheer.
EFTA00602652
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Wire Ref
Transfer:
SharesRelated Documents (6)
DOJ Data Set 10CorrespondenceUnknown
EFTA Document EFTA01924787
0p
DOJ Data Set 9OtherUnknown
From: Greg Wyler <
1p
DOJ Data Set 9OtherUnknown
DS9 Document EFTA00965378
2p
DOJ Data Set 10CorrespondenceUnknown
EFTA Document EFTA01916848
0p
DOJ Data Set 11OtherUnknown
EFTA02406748
2p
DOJ Data Set 10OtherUnknown
EFTA01751970
1p
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