Family Office. The principal business of Piton is to act as a pooled investment vehicle for various “family clients” (as defined in SEC Rule 202(a)(11)(G)-1 (“Family Office Rule”)) (“Family Clients”) of Kokino LLC (“Kokino”), which is a single “family office” (as defined in the Family Office Rule) (“Family Office”) that provides investment management services solely to an individual disclosed by Piton to Company as of the Effective Date, such individual’s family members (as defined in the Family Office Rule) and other Family Clients of Kokino, including Piton with respect to the shares of Company Common Stock Beneficially Owned by Piton (such disclosed individual, such individual’s family members and such other Family Clients of Kokino are collectively referred to herein as the “Kokino Family Clients”).
Family Office. All Family Office Net Cash Flow shall be distributed solely to HS; provided, however, that in the event of a Family Office Sale, DF shall be assigned all contracts from the acquiror with respect to such Family Office Sale, such that DF has complete access to all books and records of the Company and/or HS which are in any way related to or connected with the Family Office Business.
