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efta-efta01204892DOJ Data Set 9Otherportion thereof) after the Effective Date, and (ii) the fair market value of
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DOJ Data Set 9
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efta-efta01204892
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portion thereof) after the Effective Date, and (ii) the fair market value of
any distributions made in kind by the Onshore Fund in respect of the
Dubin Interest, valued at the time of distribution by the Onshore Fund in
accordance with Sections 7.2 and 12.3 of the Limited Liability Company
Agreement of the Onshore Fund).
(ii)
Following payment by Glenn Dubin of the Backstop
Payment, Jeepers, Inc., shall pay, deliver, or transfer to Glenn Dubin,
within five business days of actual receipt of any distribution of any nature
from the Onshore Fund with respect to the Dubin Interest on or after the
Backstop Date (each, a "Retained Distribution"):
(A)
if such Retained Distribution is in cash, an amount
equal to (and in the same currency as) such Retained Distribution
actually received by Jeepers, Inc.; or
(B)
if such Retained Distribution is of property other
than cash, such assets actually received by Jeepers, Inc., in the
same form as such Retained Distribution was made by the Onshore
Fund;
until the sum of such Retained Distributions (including, the fair market
value of any distributions made in kind by the Onshore Fund in respect of
the Dubin Interest, valued at the time of distribution by the Onshore Fund
in accordance with Sections 7.2 and 12.3 of the Limited Liability
Company Agreement of the Onshore Fund) is equal to the Backstop
Payment. Thereafter, Jeepers, Inc. shall have no obligation to pay, deliver,
or transfer to Glenn Dubin any further distributions from the Onshore
Fund with respect to the Dubin Interest.
(c)
In order to allow Glenn Dubin to ascertain the sum of all
distributions (which shall include, for the avoidance of doubt, (X) the value of any
income or withholding taxes withheld by the Onshore Fund in respect of the
Dubin Interest for any tax period (or portion thereof) after the Effective Date, and
(Y) the fair market value of any distributions made in kind by the Onshore Fund
in respect of the Dubin Interest, valued at the time of distribution by the Onshore
Fund in accordance with Sections 7.2 and 12.3 of the Limited Liability Company
Agreement of the Onshore Fund) received by Jeepers, Inc. as of September 30,
2014 for the purposes of Section 2(b) of this Agreement, Jeepers, Inc. shall
provide notice to Glenn Dubin of all distributions received by it within five
business days; provided, however, Jeepers shall provide notice to Glenn Dubin of
any distributions received by it at any time during the month of September 2014
within twenty-four hours of receipt. With respect to any distributions received by
Jeepers, Inc. after September 30, 2014, Jeepers, Inc. shall provide notice to Glenn
Dubin of all distributions received by it within five business days; provided,
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