Understanding the Investment Risks. Grantee understands that: (i) An investment in the Profits Units represents a highly speculative investment, and there can be no assurance as to the success of Zuffa Parent in its business; (ii) An investment in the Management Units in turn represents a highly speculative investment, and there can be no assurance as to the success of the Company in its business; (iii) The Management Units cannot be Transferred except in very limited circumstances in accordance with the provisions of the Company LLC Agreement and at present no market for the Management Units exists, and it is not anticipated that a market for the Management Units will develop in the future; (iv) The Management Units may be worthless; (v) The Profits Units transferred to the Company may be worthless; and (vi) Ownership of the Management Units may result in taxable income to Grantee without a corresponding cash or in-kind distribution.
Appears in 8 contracts
Samples: Management Unit Award Agreement (Endeavor Group Holdings, Inc.), Management Unit Award Agreement (Endeavor Group Holdings, Inc.), Management Unit Award Agreement (Endeavor Group Holdings, Inc.)
