Investment Equity. Executive shall invest 50% of the after-tax proceeds of any bonus received in connection with the transaction contemplated by that certain Agreement and Plan of Merger, dated July 1, 2010, among Popular, Inc., AP Carib Holdings Ltd., Carib Acquisition, Inc., and the Company (the “Transaction”). Such investment (x) shall be in non-voting common stock of the Carib Holdings, Inc. (“Common Stock”) that is economically equivalent to the securities acquired by AP Carib Holdings, Ltd. (“Apollo”) and (y) shall be made at a valuation equal to Apollo’s investment valuation.
Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest $100,000 in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership (“Apollo”) and (y) shall be made at the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment.
Investment Equity. Executive shall invest $200,004.87 in non-voting Class B common stock of the Carib Latam Holdings, Inc. (“Common Stock”), which shall be made at a valuation equal to the per share fair market value on the Effective Date. Such investment will be subject to the terms of the stockholder’s agreement.
Investment Equity. Executive shall invest $50,000 in K-9 Holdings, Inc. (“Holdings”). Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by K-9 Investors, L.P. (“Apollo”) in connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated March 13, 2012, among Holdings, K-9 Acquisition, Inc., and the Company (the “Transaction”) and (y) shall be made at a valuation based on Apollo’s investment (the “Investment Price”).
Investment Equity. As soon as practicable following the Effective Date, K-9 Holdings, Inc. (“Holdings”) and Executive shall enter into a Subscription Agreement, substantially in the form attached hereto as Exhibit A, pursuant to which Executive shall invest at least $350,000 in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by K-9 Investors, L.P. (“Apollo”) in connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated March 13, 2012, among Holdings, K-9 Acquisition, Inc., and the Company and (y) shall be made at a valuation based on Apollo’s investment.
Investment Equity. On or within thirty (30) days following the Commencement Date, the Executive shall invest, directly or indirectly, $1,000,000 in the Company on similar terms as Parent (the “Co-Investment Units”). The Executive shall be required to enter into a standard subscription agreement, a joinder agreement to the limited liability company agreement of the management holding vehicle, and any other agreements as reasonably required to effectuate the foregoing.
Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest Three Hundred Thousand Dollars ($300,000.00) in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership (“Apollo”) and (y) shall be made at the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment, without discount for lack of marketability or other factors commonly associated with privately held stock (the “Investment Price”), and (z) shall be made as follows:
(1) $150,000 by check or money order made payable to Holdings and delivered to the Company within seven (7) days of the Effective Date; and
(2) Up to $150,000 of Executive’s Bonus, after deduction of taxes (“Net Bonus”), in each year of Executive’s employment, until the total additional amount of $150,000 has been invested. As an example, if Executive’s 2019 Net Bonus exceeds $150,000, then $150,000 shall be invested in the Company and any balance shall be paid to Executive; however, if the 2019 Net Bonus is less than $150,000, then the entire Net Bonus amount shall be invested.
Investment Equity. None of these target companies has any direct or indirect equity or other investment interests in any other target company, enterprise, partnership, joint venture, association or other entity, or has any right to purchase any equity or other interests, including registered equity or actually owned interests.None of these target companies are members of any partnership (nor do they engage in any part of business through any partnership), nor do they participate in any joint venture or similar arrangement, or assume unlimited liability in any foreign investment.
Investment Equity. As soon as practicable following the Effective Date, Executive shall purchase 150,000 shares of common stock of Holdings (“Common Stock”) at a purchase price of $10.00 per share.
Investment Equity. On August 13, 2012, Executive invested $75,000 in K-9 Holdings, Inc. (“Holdings”) in exchange for 7,500 shares of common stock of Holdings, par value $0.0001 (“Common Stock”). In addition, after January 1, 2013 but prior to January 15, 2013, Executive shall purchase an additional number of shares of Common Stock with an aggregate value equal to $300,000 based on the then current per share value of the Common Stock as determined by the Company in good faith; provided, that, upon request by Executive, Holdings shall provide Executive with a full recourse loan in order to effect such purchase with a term of three (3) years, bearing interest at the then current applicable federal rate, and subject to other customary terms and conditions.
