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📄 Extracted Text (581 words)
Amendment #4 Page 115 of 868
loth- M r einem,
Distribution Forbeansnee Period
To reduce the ettect on the Class A trios of delays (it any) in tne closing or me Pending Access/tons a the completion Cl the Contneuted Cceetrucnon Protects, our
Sponsor has agreed to forego disunion& on as Class B vies under certain circumstances In parbeuter our Sponsor roe agreed to forego any dstribut.ors on its Clan
Bites wrlh respect to the trod and fourth guiders of 2015 (ie. detrixtions declared on or poor to Mardi 31. 2016) and thereafter under certain circumstances, to
forego distributions on as Oass B units urto me exporabon of the Detnbution Forbearance Petted. Between March 31 2016 and the end of the Distribution Forbearance
Farad cur Sponsor nu agreed to forego distributions co its Class B ones to We extent the holders of Cuss A unts and Class B1 units have net received clnentions in
an amount equal to the Minimum Quarterly Cistnbuten plus any arrearagee et the paymert of Minimum Quarterly Crentutions from poor quarters. See `Cereal
relabororms and related party transactions—Amended and Restated Operating Agreement of Global LLC—Distratutons'
Unaudited pro forma cash available for distribution for the year ended December 31, 2014 and the three months ended March 31,
2015
II we had completed We Orgardatonal Transactors on January 1, 2014, our unaudited cash available for dentuton for the year ended December 31, 2014 and the
three mores ended March 31, 2015 would have been adradnaterry $1547 remand 529.3 neon of ',tech $305 million and $15 2 melon respectnely, would have
been *Minuted by Global LLC to Global as we holder of Cies/IA.:es of Global LLC. These amounts would rove been risuffment to pay the full quarterly cash clividerd
on fl our Class A common stock to be outstanding 'medal* after completion of this offering based on our cabal quarterly dmdervi el 50.2750 per shared.",
Cass A common stock (or St 1000 per store on an arrualded bass)
Our calculator, 01 unaudited pro kerne cast available for ostributon includes tre Mennen!'" fee payable to our Sponsor under the Management Services Ageement
The calculaton also rehece al Cost* of doing business. including all expenses paid by out Sponsor in excess of the paymerts required under the Management Services
Agreement These ccee induce Incremental general and adninstralse expensesmamma of being a publicly traded company, indulng costs assoonted with SEC
reporting requrements, independent trudge/ lees irveStOr reasons activities, stook adenge titling regstrar and transfer agent fees, incremental dredor and officer
liability (nuance and director cernpensabon, because those expenses MI be paid by in Sponsor under me Management Services Agreement
Cur ',taunted pro forms combired financial statements, from whch our treuelted dish available for dstributon was derived. do not purport to present ax results d
operations had the transactions cenernprated in the prospectus aluaty Oe ntOnwMed at d the dates indicated Furthermore. cash available for distrilonco is a cash
method concept while our predecessor's historical financial statements were maned on en accrual basis We derived the annals of unbolted cash available for
drstribiton 'Wed above in the manner shown in to table below. Asa result, toe arnourt of ureulited pro forma cash avertable should only be viewed as a general
indicator el the arnotre of cash available for distetxtion that we mega have generated had we been formed and completed Ire transactions Contemplated m Iris
prospectus in eater owed*
107
http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058072
CONFIDENTIAL SDNY_GM_00204256
EFTA01366544
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