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efta-efta01359087DOJ Data Set 10CorrespondenceEFTA Document EFTA01359087
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DOJ Data Set 10
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efta-efta01359087
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Feinberg shall have the right to make loans (the "Deficit Loans") to the Firm to fund Overhead
Expenses, which deficit loans shall bear interest at a rate determined by the Managing Member.
The Deficit Loans shall be repayable prior to any distributions being made to Executives under
this Agreement. Executives shall have the right to participate in the Deficit Loans pro rata based
on their General Points on a pari passu basis with Feinberg. In the event that amounts otherwise
distributable to Feinberg as equity holder of a Fund Manager are used to pay fees, principal and
interest in connection with a loan (including the Citi Loan), such amount shall be deemed to
have been loaned to the Company or other Cerberus Executive Entity from Feinberg and shall be
repayable prior to any distributions being made to Executives under this Agreement with interest
at a rate equal to the Quarterly Mid-Term Applicable Federal Rate.
h.
Citi Loan.
(1)
The Non-Managing Members acknowledge that (i) the Company is
entering into the Citi Loan to make Loans to certain Non-Managing Members; (ii) the Company
will pay fees, principal and interest in connection with the Citi Loan from time to time (such
fees, principal and interest paid or payable in connection with the Citi Loan being the "Citi Loan
Amount"); and (iii) the aggregate amount of the Note Obligations under the Loans to the Non-
Managing Members will be based on the Citi Loan Amount. Whenever any portion of the Citi
Loan Amount is paid by the Company, the amount paid will be deemed distributed to the Non-
Managing Members and will reduce the Note Obligations of the Non-Managing Members as
follows. Subject to the following sentence, whenever any portion of the Citi Loan Amount is
paid by the Company, the amount paid shall be deemed distributed to Non-Managing Members
that received a Loan and shall reduce their respective Note Obligations pro rata based on each
such Non-Managing Member's Applicable Share of the Citi Loan Amount so paid. In the event
DOC ID • 25061468.12
50
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0047093
CONFIDENTIAL
SDNY_GM_00193277
EFTA01359087
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