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efta-efta01366543DOJ Data Set 10Correspondence

EFTA Document EFTA01366543

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EFTA Disclosure
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Amendment #4 Page 114 of 868 ant of to! on. int on an annualized bass, before arty cliStributialS are made to the holders of Class B units. Ter payment or the ha Minimum Quarterly Detnburon al al of the Class A wits, Clan B1 units and Class B units to be outslandng after complete:on of trn ctlenng would reline Global LLC to rave CAFD of approximately 557 9 melon per quarter, or 5231 5 rrelkon per year (assurnirg a 15% reserve for the prudent conduct of on busmen) Global LLC 's abikty to make cash distnbctions ar the Miriam Quartets Distnbubon rate will be subject to he factors dascnbed above under --Lemitations on cash dividends ' The table below sets forth the amount of Class A wits Class 81 wits and Class 8 units that will be outstandrig immediately after the dlenng and the CAFD needed to pay tie aggregate Minimum Cuarterry Distribution on all of such units fa a single fiscal quarter and a four-quader penod (assuming no exercise and fill exercise ci the undeiwnters option to purchase additional shares of Class A common stock) No exercise of option to purchase additional Full exercise of option to purchase additional Class A cornrrica stock Class A common stock Aggregate minimum quarterly distribution Aggregate minimum quarterly distributions Number of units One quarter Four quarters Number of units One quarter Four quarters C1361. A units 109`09,668 5 30,115 159 5 120,4W 634 117,995.168 5 32 449 671 5 129,794 684 Class 81 wits 5 S 5 5 Can Burets 69.339.432 5 19.069.344 5 76.271375 60.853.932 5 16.734.831 5 66.938.325 Total 178849.099 S 49.183.502 S 196.734.039 178.849.099 5 49.181502 5 196.734.009 We intend to use arty net proceeds we receive as a result of the exercise of the nclerwmers' option to purcrese additinal shares of Class A corrmon stock to purchase Class B urits (and Class 8 common stock) held by or, Sponsor at a price equal lo the initial public °Negev price less tie underwriting discounts and commissions and a pro rata portion dna structurrg fee, and irrmedately cartel such less 8 units (and shares of Class B common stock) cortemporareously with Global LLC issuing Class A units to us. When we purchase a Class B Ind (and share d Class B stock) from cur Sponsor and contemporaneously receive a Class A unit. the aggregate rreunurn quarterly delnbution with respect to the Class A unts and Class 8 units Ma rcrease or decrease. respectively, by 50.2750 per quarter and by 51.1030 per fon quarters Subordination of Class I units Dunne the Subordination Penod, holders of the Class B units are not entitled to receive any distnbition until the Class A units and Class 81 urns (fl any) have received tee Minimum Quarterly Dstnbuton for the anent quarter plus arty arrearages in the peymert of the Mnmum Quarterly Dstnbuon from prior quarters The Class B wits wd not accrue arrearages To the extent Global LLC does not pay the Minimum Quarterly Distoboon on the Class A units and Clan:681 units, Polders d such aids wile not be wined to worm such payments in the fume except during the Subordnabon Potion To the extent Global LLC has CAFD in any floe quarter during the Sitalinton Potion in excess d trs• amount necessary to pay the Minimum Quarterly Dstnbuton to holders of its Class A wits and Class BI units, Global LLC wdl use the excess cash to pay any Odour/ion ;urea/ages on Class A uses and Class 81 units related to plot quarters endng dung the Staxmlnanon Period before arty cash dettitsioan is made to fOlOCIS Of Class B units Alter the Subordination Period ends. Class A wits and Clan 81 unts will not accrue enterers. Please read 'Certain relationships and related patty transact ons—Amended and Restated Operating Agreement of Global LLC—Cestritutions—Suboidination period' 109 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-0058071 CONFIDENTIAL SONY GM_00204255 EFTA01366543

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URLhttp://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78

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